SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 17, 2008
PATIENT PORTAL TECHNOLOGIES, INC.
(Exact Name of Registrant As Specified In Its Charter)
| DELAWARE | 333-107826 | 02-0656132 |
| (State of Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
8276 Willett Parkway, Baldwinsville, NY | 13027 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (315) 638-6708
The following Amended Current Report under Section 13 or 15(d) of the Securities Exchange Act of 1934 is filed pursuant to Rule 13a-ll or Rule 15d-11:
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On or about September 10, 2008 our CEO, in discussions with the internal management team, made the decision that the December 31, 2006 balance sheet and statement of stockholders equity and the complete December 31, 2007, March 31, 2008 and June 30, 2008 financial statements should no longer be relied upon and needed to be restated.
On November 18, 2008 the Company will filed a restated From 10K for fiscal year 2007 due to accounting errors that were made in the following areas: 1. Properly accounting for the initial reverse acquisition of Patient Portal Technologies, Inc by Patient Portal Connect, Inc.; 2. Changing from the cash method to the accrual method for certain revenue transactions; 3. Accounting for the preferred conversion feature and the issuance of warrants as part of the Dutchess Capital financing transaction previously disclosed in SEC filings; 4. Accounting for certain investments under the cost method of accounting; 5. Correcting some aspects of the business combination accounting for TB &A; and 6. Correcting minor errors associated in the number of shares issued during the accounting period.
As a result of these corrections it was necessary to also restate the Company’s first and second quarter 10Q filings as well.
In the absence of an audit committee, all of these matters were discussed by the CEO, with our independent accountant.
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.
| DATED: November 24, 2008 | PATIENT PORTAL TECHNOLOGIES, INC. |
| | | |
| | By: | /s/ Kevin Kelly |
| | | Kevin Kelly |
| | | CEO |
