10-Q/A 1 form10qa.htm DIRECT INSITE CORP 10-Q/A 9-30-2011 form10qa.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 10-Q/A
(Amendment No. 1)
(Mark One)

 
x
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2011

OR

 
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission File No. 0 – 20660

DIRECT INSITE CORP.
(Exact name of registrant as specified in its charter)

Delaware
11-2895590
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)

13450 West Sunrise Boulevard, Suite 510, Sunrise, FL
33323
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code  (631) 873-2900

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  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  x      No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o
Accelerated filer o
   
Non-accelerated filer o
Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o No x

The number of shares of $.0001 par value stock outstanding as of November 14, 2011 was: 12,093,734
 
 
 
 

EXPLANATORY NOTE

Direct Insite Corp. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (“Amendment No. 1”) solely to include XBRL (Extensible Business Reporting Language) information in Exhibit 101 that was inadvertently excluded from our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2011, filed on November 14, 2011 (the “Original Filing”), as provided for under Rule 405 of the Securities and Exchange Commission’s Regulation S-T. This Amendment No. 1 makes no other changes to the Original Filing.

Exhibit 101 provides the following items formatted in eXtensible Business Reporting Language (XBRL): (i) Condensed Consolidated Balance Sheets as of September 30, 2011 (Unaudited) and December 31, 2010; (ii) Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2011 and 2010 (Unaudited); (iii) Condensed Consolidated Statements of Cash Flows For the Nine Months Ended September 30, 2011 and 2010 (Unaudited); and (iv) Notes to Condensed Consolidated Financial Statement (Unaudited).

 
 
 

DIRECT INSITE CORP. AND SUBSIDIARIES

PART II - OTHER INFORMATION
 
Item 6. Exhibits
 
 
Certification of Principal Executive Officer pursuant to Rules 13a-14(a) as adopted pursuant to Section 302 of the Sarbanes Oxley Act of 2002.

 
Certifications of Principal financial Officer pursuant to Rules 13a-14(a) as adopted pursuant to Section 302 of the Sarbanes Oxley Act of 2002.

 
Certifications of Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.

 
Certifications of Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.
 
 
101.INS
XBRL Instance Document

 
101.SCH
XBRL Schema Document

 
101.CAL
XBRL Calculation Linkbase Document

 
101.LAB
XBRL Label Linkbase Document

 
101.PRE
XBRL Presentation Linkbase Document
 
 
 
 
 
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.


   
DIRECT INSITE CORP.
   
(Registrant)
     
     
Date: November 15, 2011
By
/s/ Matthew E. Oakes
   
Matthew E. Oakes
   
President and Chief Executive Officer
   
(Principal Executive Officer)
     
     
Date: November 15, 2011
By :
/s/ Sandra Wallace
   
Sandra Wallace
   
Acting Chief Financial Officer
   
(Principal Accounting Officer and
   
Principal Financial Officer)