-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IPYafzMDk4T+oTkRBrE5Z8y3Dm781SeqAYC44XDKSEkTSEjTO08mhlqGTPjQXxLr w5whlWlIX7Ip/AybdDkPqw== 0000000000-05-038013.txt : 20060530 0000000000-05-038013.hdr.sgml : 20060529 20050725143050 ACCESSION NUMBER: 0000000000-05-038013 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050725 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: ION NETWORKS INC CENTRAL INDEX KEY: 0000754813 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 222413505 STATE OF INCORPORATION: DE FISCAL YEAR END: 1202 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 120 CORPORATE BLVD CITY: SOUTH PLAINFIELD STATE: NJ ZIP: 07080 BUSINESS PHONE: 9085463900 MAIL ADDRESS: STREET 1: 120 CORPORATE BLVD CITY: SOUTH PLAINFIELD STATE: NJ ZIP: 07080 FORMER COMPANY: FORMER CONFORMED NAME: MICROFRAME INC DATE OF NAME CHANGE: 19920703 PUBLIC REFERENCE ACCESSION NUMBER: 0001157523-05-006062 LETTER 1 filename1.txt July 25, 2005 Room 4561 Norman E. Corn Chief Executive Officer Ion Networks, Inc. 120 Corporate Blvd. South Plainfield, NJ 07080 Re: Ion Networks, Inc. Amendment No. 2 to Registration Statement on Form SB-2 Filed July 12, 2005 File No. 333-124274 Form 10-KSB for the fiscal year ended December 31, 2004, as amended Form 10-QSB for the fiscal quarter ended March 31, 2005, as amended File No. 0-13117 Dear Mr. Corn: We have reviewed your filings and have the following additional comment. With respect to the comment your response should be provided as soon as possible and not later than August 8, 2005. Form 10-KSB/A for the fiscal year ended December 31, 2004 Note 2. Summary of Significant Accounting Policies Revenue Recognition 1. We note your response to comment 5 of our letter dated July 5, 2005. Based on your previous responses, your business discussion and your website, it appears that you sell PRIISM software as a stand- alone software package that would fall under the scope of SOP 97- 2. Confirm that you are accounting for PRIISM under SOP 97-2 and if not, how you determined that this software is incidental as defined in paragraph 2 of SOP 97-2. To the extent accounting for PRIISM software under SOP 97-2 is appropriate, revise your revenue recognition policy to describe each product and service, how you are accounting for each product and service (e.g. PRIISMS, devices, tokens) and the authoritative literature that supports your accounting. Your policy should specifically address the factors outlined in paragraph 8 of SOP 97-2. * * * * * You may contact Melissa Rocha, staff accountant, at (202) 551- 3854 or Marc Thomas, senior staff accountant at (202) 551-3452 if you have questions regarding comments on the financial statements and related matters. Please call Adam Halper at (202) 551-3482 or Sara Kalin at (202) 551-3454 with any other questions. If you need further assistance, you may contact me at (202) 551-3730. Sincerely, Barbara C. Jacobs Assistant Director cc: Via Facsimile James Alterbaum Moses & Singer LLP 1301 Avenue of the Americas New York, New York 10019 Phone: (212) 554-7800 Fax: (917) 206-4394 ?? ?? ?? ?? Norman E. Corn Ion Networks, Inc. July 25, 2005 Page 1 -----END PRIVACY-ENHANCED MESSAGE-----