0001104659-15-025495.txt : 20151029 0001104659-15-025495.hdr.sgml : 20151029 20150402154454 ACCESSION NUMBER: 0001104659-15-025495 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20150402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUDIOEYE INC CENTRAL INDEX KEY: 0001362190 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 5210 E. WILLIAMS CIRCLE STREET 2: FIFTH FLOOR CITY: TUCSON STATE: AZ ZIP: 85711 BUSINESS PHONE: 866-331-5324 MAIL ADDRESS: STREET 1: 5210 E. WILLIAMS CIRCLE STREET 2: FIFTH FLOOR CITY: TUCSON STATE: AZ ZIP: 85711 CORRESP 1 filename1.htm

 

 

April 2, 2015

 

Securities and Exchange Commission

Division of Corporate Finance

Attention: Stephen Krikorian & Ryan Rohn

100 F. Street, N.E.

Washington, D.C. 20549

Stephen Krikorian Phone: 202-551-3488

Ryan Rohn Phone: 202-551-3739

 

Re:                             AudioEye, Inc.

Form 10-K for the Fiscal Year ended December 31, 2013
Filed March 31, 2014
Form 10-Q for the Quarterly Period ended September 30, 2014
Filed November 7, 2014
File No. 333-177463

 

Dear Mr. Krikorian,

 

The following is in response to the comments in the Staff’s letter to Edward O’Donnell dated March 12, 2015.

 

As stated in the Company’s filing on April 1, 2015 of a Current Report on Form 8-K, the Company’s Audit Committee, based in part on the recommendation of the Company’s management and in consultation with the Company’s auditors and advisors, concluded that, because of errors identified in the Company’s previously issued financial statements, the Company will restate the financial statements for the quarters ended March 31, 2014, June 30, 2014 and September 30,2014.  With specific regard to revenue derived from non-cash exchanges of a license of the Company for the license of the Company’s customer and non-cash exchanges of a license of the Company for services of the Company’s customer, based on the review to date, the Company anticipates removing all such revenue.  The Company, along with its advisors and outside accountants, is undertaking a review of all of its financials for fiscal year 2013 and for the first three quarters of 2014.  The Company expects to complete the process and file its restated financials over the course of the next several weeks.

 

*******

 

The Company is responsible for the adequacy and accuracy of the disclosure in the filing. The Company acknowledges that staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 

5210 E Williams Circle, Suite 500

Tucson, AZ 85711

866.331.5324 · Office: 520.663.0007

 


 

If there are any questions regarding the responses included herein, please call me at 480-282-9652 or email me at cbettis@audioeye.com.

 

Sincerely,

 

 

/s/ CARR BETTIS

 

Carr Bettis

 

Executive Chairman

 

 

 

CC:                          Nathaniel Bradley

Constantine Potamianos

Ryan Rohn

James Thompson

Steven Vertucci

David Ficksman

Donald Weinstein

Sandy Purcell

 

2

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