0000000000-20-001565.txt : 20200402
0000000000-20-001565.hdr.sgml : 20200402
20200220121131
ACCESSION NUMBER: 0000000000-20-001565
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20200220
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: S&W Seed Co
CENTRAL INDEX KEY: 0001477246
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
IRS NUMBER: 271275784
STATE OF INCORPORATION: NV
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: 2101 KEN PRATT BLVD.
STREET 2: SUITE 201
CITY: LONGMONT
STATE: CO
ZIP: 80501
BUSINESS PHONE: (720) 506-9191
MAIL ADDRESS:
STREET 1: 2101 KEN PRATT BLVD.
STREET 2: SUITE 201
CITY: LONGMONT
STATE: CO
ZIP: 80501
PUBLIC REFERENCE ACCESSION NUMBER: 0001564590-19-034978
LETTER
1
filename1.pdf
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TEXT-EXTRACT
2
filename2.txt
February 20, 2020
Matthew K. Szot
Chief Financial Officer
S&W Seed Company
2101 Ken Pratt Blvd., Suite 201
Longmont, Colorado 80501
Re: S&W Seed Company
Form 10-K for the Fiscal Year Ended June 30, 2019
Filed September 18, 2019
Form 8-K Filed on February 12, 2020
File No. 001-34719
Dear Mr. Szot:
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.
Form 10-K for the Fiscal Year Ended June 30, 2019
Notes to Consolidated Financial Statements
Note 4 - Revenue Recognition, page 61
1. We note on page 60 that you received a payment of $45 million in May 2019
from
Pioneer/Corteva of which $34.2 million was recognized as licensing
revenue. Please
explain to us your basis for recognizing the entire amount in fiscal
2019. Refer to ASC
606-10-55-57 through 55-58
2. In future filings, please provide the disclosures required by ASC
606-10-50-8 with respect
to contract balances, including opening and closing balances and the
related revenue
recognized in the reporting period.
Matthew K. Szot
S&W Seed Company
February 20, 2020
Page 2
Form 8-K Filed on February 12,2020
Exhibit 99.1, page 7
3. We note you present full income statements of non-GAAP measures in
tables A1 and A2.
Please tell us how you considered the guidance in Question 102.10 of
the updated
Compliance and Disclosure Interpretation on Non-GAAP financial
measures.
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 Christie Wong at (202) 551-3684 or Brian Cascio,
Accountant Branch
Chief, at (202) 551-3676 with any questions.
FirstName LastNameMatthew K. Szot Sincerely,
Comapany NameS&W Seed Company
Division of
Corporation Finance
February 20, 2020 Page 2 Office of Life
Sciences
FirstName LastName