UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 205
FORM 10-Q/A
Amendment No. 1
| [X] | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2020. |
OR
| [ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934; |
For the transition period from ______________ to _______________.
Commission File Number: 000-56101
TARONIS FUELS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 32-0547454 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 24980 N. 83rd Avenue, Ste. 100, Peoria, Arizona | 85383 | |
| (Address of principal executive offices) | (Zip Code) |
(866) 370-3835
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer [ ] | Accelerated filer [ ] | ||
| Non-accelerated filer [X] | Smaller reporting company [X] | ||
| Emerging growth company [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. [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
As of July 6, 2020 there were 163,436,404 shares of the issuer’s $0.000001 par value common stock issued and outstanding.
TARONIS FUELS, INC. AND SUBSIDIARIES
EXPLANATORY NOTE
The purpose of this Amendment No. 1 to Taronis Fuels, Inc.’s (the “Company”) Quarterly Report on Form 10-Q (“Quarterly Report”) for the quarterly period ended March 31, 2020 is to disclose that the Company has relied upon Securities and Exchange Commission Order (Release No. 34-88465) dated March 25, 2020 (“Order”), to extend the original filing date of its Quarterly Report to June 30, 2020 (45 days after the original due date). Thereafter, on June 30, 2020, the Company filed a Form 12(b)-25 to avail itself of an additional five days so that the Company’s independent public auditor could complete their review of the Company’s Quarterly Report.
The Company needed to rely upon the Order to overcome the burden of limited access to its facilities, support staff and Company resources as a result of the COVID-19 pandemic, all of which resulted in unforeseen delays in the preparation and filing of its Quarterly Report.
No other changes have been made to the Quarterly Report. This Amendment No. 1 speaks as of the original filing date and has not been updated to reflect events occurring subsequent to the original filing date.
Item 6. Exhibits
* In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not filed.
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, thereunto duly authorized.
| Taronis Fuels, Inc. | ||
| By: | /s/ Scott Mahoney | |
| Scott Mahoney | ||
| Chief Executive Officer | ||
| (Principal Executive Officer) | ||
| Dated: July 8, 2020 | ||
| By: | /s/ Tyler B. Wilson | |
| Tyler B. Wilson, Esq. | ||
| Chief Financial Officer | ||
| (Principal Financial and Accounting Officer) | ||
| Dated: July 8, 2020 | ||
