0001493152-21-000271.txt : 20210106 0001493152-21-000271.hdr.sgml : 20210106 20210106092231 ACCESSION NUMBER: 0001493152-21-000271 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210106 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210106 DATE AS OF CHANGE: 20210106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOMO CORP. CENTRAL INDEX KEY: 0000867028 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 954040591 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13126 FILM NUMBER: 21509191 BUSINESS ADDRESS: STREET 1: 25 N RIVER LANE STREET 2: SUITE 2050 CITY: GENEVA STATE: IL ZIP: 60134 BUSINESS PHONE: (630) 708-0750 MAIL ADDRESS: STREET 1: 25 N RIVER LANE STREET 2: SUITE 2050 CITY: GENEVA STATE: IL ZIP: 60134 FORMER COMPANY: FORMER CONFORMED NAME: 2050 MOTORS, INC. DATE OF NAME CHANGE: 20140508 FORMER COMPANY: FORMER CONFORMED NAME: ZEGARELLI GROUP INTERNATIONAL INC DATE OF NAME CHANGE: 19971008 FORMER COMPANY: FORMER CONFORMED NAME: COSMETIC GROUP USA INC /CA/ DATE OF NAME CHANGE: 19930814 8-K 1 form8-k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 6, 2021

FOMO CORP.

(Exact name of Registrant as specified in its Charter)

CALIFORNIA

001-13126

83-3889101

(State or other jurisdiction

of incorporation)

(Commission

File No.)

(IRS Employer

Identification No.)

1 E Erie St, Ste 525 Unit #2250, Chicago, IL 60611

(Address of principal executive offices)

(‪630) 286-9560

(Registrant’s Telephone Number)

(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common		ETFM		OTC Pink

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [X]

FOMO CORP. is referred to herein as “we”, “us”, or “us”

ITEM 8.01 Other Events

FOMO CORP. (“FOMO”) is hereby updating investors with regard to convertible debentures and accrued interest as of January 6, 2021. Three loans to “Jabro” and “Other” are unable to be confirmed. No documentation of such loans was provided by prior management, previous accountants or prior auditors when FOMO’s current management was appointed on or around March 6, 2019. In discussion with the Company’s audit firm Boyle CPA, LLC, management believes it is appropriate to move these undocumented loans out of long-term debt and make adjustments to shareholders’ equity if/when extinguished. Separately, though substantial common shares have been reserved for conversions of “aged loans” subject to Rule 144, management believes reserves are conservative at an estimated 10x amounts required by lenders because, at the times of these loans, the Company’s common stock price was substantially lower than recent levels. If and when lenders complete conversions of their positions, remaining common stock reserves will be released back to the Company, which management believes will mitigate the need for an increase in authorized shares or other corporate actions including a change to the Company’s share structure. A debt scheduled is attached as Exhibit 10.1.

Item 9.01. Exhibits

(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:

Exhibit No.		Description
10.1		FOMO CORP. Debt Schedule 01-06-2021

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FOMO CORP.

Date: January 6, 2021	By:	/s/ Vikram Grover
		Vikram Grover
		Chief Executive Officer

EX-10.1 2 ex10-1.htm

Exhibit 10.1

FOMO CORP.

Debt Schedule

01-06-2021

						Estimated
Reference #	Lender	Origination	Maturity	Amount		Interest		%

Note #5	Jabro 1	7/23/2018	4/30/2019		21,000		6,878		12	%	passed away; no contact move to other or write-off
Note #6	Jabro 2	10/01/18	7/15/2019		11,500		3,340		12	%	passed away; no contact move to other or write-off
Note #9	Other	3/16/2017	4/1/2018		10,000		4,049		12	%	will be moved to other or write-off, no documentation/contact
Note #10	Tri-Bridge	3/15/2019	9/15/2019		2,286		582		12	%	Rule 144 seasoned
Note #11	PowerUp 11	7/9/2019	4/30/2020		35,000		12,164		22	%	Rule 144 seasoned
Note #12	GS Capital	9/6/2019	9/6/2020		28,900		11,005		24	%	Rule 144 seasoned
Note #13	GS Capital	11/21/2019	11/21/2020		18,000		5,553		24	%	Rule 144 seasoned
Note #14	PowerUp 12	11/21/2019	11/21/2020		18,000		5,079		22	%	Rule 144 seasoned
Note #15	Auctus	10/28/2020	10/28/2021		115,000		3,305		12	%	Has buyout option, not seasoned

			Total	$	259,686	$	48,651

Excluding Jabro 1-2 and Other:

Note #10	Tri-Bridge	3/15/2019	9/15/2019		2,286		582	12	%	Rule 144 seasoned
Note #11	PowerUp 11	7/9/2019	4/30/2020		35,000		12,164	22	%	Rule 144 seasoned
Note #12	GS Capital	9/6/2019	9/6/2020		28,900		11,005	24	%	Rule 144 seasoned
Note #13	GS Capital	11/21/2019	11/21/2020		18,000		5,553	24	%	Rule 144 seasoned
Note #14	PowerUp 12	11/21/2019	11/21/2020		18,000		5,079	22	%	Rule 144 seasoned
Note #15	Auctus	10/28/2020	10/28/2021		115,000		3,305	12	%	Has buyout option, not seasoned

			Total	$	217,186	$	34,383

Aged Debt Excluding Jabro 1-2 and Other:

Note #10	Tri-Bridge	3/15/2019	9/15/2019		2,286		582	12	%	Rule 144 seasoned
Note #11	PowerUp 11	7/9/2019	4/30/2020		35,000		12,164	22	%	Rule 144 seasoned
Note #12	GS Capital	9/6/2019	9/6/2020		28,900		11,005	24	%	Rule 144 seasoned
Note #13	GS Capital	11/21/2019	11/21/2020		18,000		5,553	24	%	Rule 144 seasoned
Note #14	PowerUp 12	11/21/2019	11/21/2020		18,000		5,079	22	%	Rule 144 seasoned

			Total	$	102,186	$	34,383