Current Report Filing (8-k)
21 September 2018 - 5:46PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 17, 2018
BTCS
Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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000-55141
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90-1096644
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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9466
Georgia Avenue #124
Silver
Spring, MD
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20901
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(202) 430-6576
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by checkmark 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. [ ]
Item
4.02 Non-Reliance On Previously Issued Financial Statements Or A Related Audit Report Or Completed Interim Report
On September 17, 2018,
the Board of Directors of BTCS Inc. (the “Company”) concluded that the Company’s previously issued financial
statements, contained within the Company’s quarterly report on Form 10-Q for the periods ended March 31, 2018 and June 30,
2018, as well as the financial statements contained within the Company’s annual report on Form 10-K for the period ended
December 31, 2017 (collectively the “Financial Statements”), should no longer be relied upon. The Financial Statements
erroneously accounted for the Company’s Digital Assets (e.g. Bitcoin) using a fair value analysis rather than classifying
them as indefinite-lived intangible assets. The Company plans to amend and restate the Financial Statements to account
for the Company’s Digital Assets as indefinite-lived intangible assets as soon as practical.
The Company’s management discussed
the matters with the Company’s independent registered accounting firm.
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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BTCS INC.
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Dated:
September 21, 2018
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By:
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/s/
Charles W. Allen
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Charles
W. Allen
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Chief
Executive Officer
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