0000000000-20-005163.txt : 20200930 0000000000-20-005163.hdr.sgml : 20200930 20200610143354 ACCESSION NUMBER: 0000000000-20-005163 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200610 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Data443 Risk Mitigation, Inc. CENTRAL INDEX KEY: 0001068689 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 860914051 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 101 J MORRIS COMMONS LANE, STREET 2: SUITE 105 CITY: MORRISVILLE STATE: NC ZIP: 27560 BUSINESS PHONE: 919-858-6542 MAIL ADDRESS: STREET 1: 101 J MORRIS COMMONS LANE, STREET 2: SUITE 105 CITY: MORRISVILLE STATE: NC ZIP: 27560 FORMER COMPANY: FORMER CONFORMED NAME: LandStar, Inc. DATE OF NAME CHANGE: 20181212 FORMER COMPANY: FORMER CONFORMED NAME: DATA443 RISK MITIGATION, INC. DATE OF NAME CHANGE: 20180409 FORMER COMPANY: FORMER CONFORMED NAME: LANDSTAR INC DATE OF NAME CHANGE: 20100909 PUBLIC REFERENCE ACCESSION NUMBER: 0001493152-20-006607 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Form 10-K for the Year Ended December 31, 2019 Filed April 17, 2020 File No. 000-30542 Dear Mr. Remillard: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. For 10-K for the Year ended December 31, 2019 Financial Statements Note 3: Intellectual Property, page 39 1. We note that your acquired certain assets collectively known as DataExpressTM on September 16, 2019 for a total purchase price of $2.8 million. We also note in the Form 8-K dated September 16, 2019 that the certain assets acquired included intellectual and related intangible property including applications and associated software code and trademarks; transferred accounts receivable, including assumed contracts of existing customers and the books and records of the DMBGroup for the previous two year period; transferred equipment; cash and goodwill along with assumed liabilities. Please revise to provide all disclosures required pursuant to ASC 805-10-50-2. Also, please amend the Form 8-K to provide financial statements required pursuant to Rule 8-04 of Regulation S- X and Article 11 pro forma financial information required by Item 9.01(a) of Form 8-K. Jason Remillard Data443 Risk Mitigation, Inc. June 10, 2020 Page 2 2. We note that you recorded an impairment loss of $1,328,638 during the year ended December 31, 2019. Please expand the disclosure on page 40 and in MD&A to explain the reason for the amount and timing of the impairment. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Claire DeLabar, Staff Accountant at (202) 551-3349 or Robert S. Littlepage, Accountant Branch Chief at (202) 551-3361 with any questions. FirstName LastNameJason Remillard Sincerely, Comapany NameData443 Risk Mitigation, Inc. Division of Corporation Finance June 10, 2020 Page 2 Office of Technology FirstName LastName