0000000000-20-005487.txt : 20200821 0000000000-20-005487.hdr.sgml : 20200821 20200619101251 ACCESSION NUMBER: 0000000000-20-005487 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200619 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: SinglePoint Inc. CENTRAL INDEX KEY: 0001443611 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-NONSTORE RETAILERS [5960] IRS NUMBER: 261240905 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 530 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 888-682-7464 MAIL ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 530 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: CARBON CREDITS INTERNATIONAL, INC. 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IE M;F1S=')E86T*96YD;V)J"C$Q(# @;V)J"CP\+U1Y<&4O0V%T86QO9R]086=E M'2N(#4N-"XU(*DR,# P+3(P,3,@,50S6%0@0E9" M02!<*$%'4$PM=F5RU)-6WHH2(+Y-$9%@#.I.0 M]&2FH-I3(.=0%H[]B%CKAMT@MTUA M[IO[UV]3VDJ;6FRTF1JG'WC5'5K?Y5OERU6I_:T^W/1(YI"Y0WXE?G3E=K%/ MY/\.E_=_ X@OB7L*96YD7!E M+UA2968O5ULQ(#(@,ETO4F]O=" Q,2 P(%(O26YD97A;," Q-%TO240@6SPS M,6$V.&0P8C$S968T,S(P,# W-S)C.3 X,#5E9C%D8CX\,S%A-CAD,&(Q,V5F M-#,R,# P-S'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo June 19, 2020 Corey Lambrecht Chief Financial Officer SinglePoint Inc. 2999 North 44th Street, Suite 530 Phoenix, AZ 85018 Re: SinglePoint Inc. Form 10-K for the Fiscal Year Ended December 31, 2019 Filed March 31, 2020 Form 8-K Filed March 9, 2020 Response Dated June 16, 2020 File No. 0-53425 Dear Mr. Lambrecht: We have reviewed your June 16, 2020 response to our comment letter 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. Unless we note otherwise, our references to prior comments are to comments in our May 29, 2020 letter. Form 10-K for the Fiscal Year Ended December 31, 2019 Item 8. Financial Statements and Supplementary Data Revenues, page F-7 1. We reviewed your response to comment 3. Given how distinct your businesses are and the product categories reflected on your website, please tell us your consideration of using more than one category for disaggregation of your revenues. Refer to paragraphs 89 through 91 of ASC 606-10-55. Corey Lambrecht SinglePoint Inc. June 19, 2020 Page 2 Note 3 - Investments, Acquisitions and Goodwill, page F-10 2. We reviewed your response to comment 5. We note you have recognized the entire purchase price of the Acquired Assets to goodwill based on the workforce acquired. Please explain to us in detail how you determined the acquisition was a business combination referencing authoritative literature to support your conclusion. Refer to ASC 805-10-55. Form 8-K Filed March 9, 2020 Exhibit 99.1, page 4 3. We reviewed your response to comment 4. Reference is again made to your disclosure of expected gross bookings and gross revenue. In future filings, disclose the definition of each and clarify which amounts are not reflected in your financial statements and how these amounts influence your financial statements. Please contact Adam Phippen, Accountant, at (202) 551-3336 or Donna Di Silvio, Accountant, at (202) 551-3202 with any questions. FirstName LastNameCorey Lambrecht Sincerely, Comapany NameSinglePoint Inc. Division of Corporation Finance June 19, 2020 Page 2 Office of Trade & Services FirstName LastName