share_log

SciSparc | CORRESP: CORRESP

SEC announcement ·  Jan 6 00:37
Summary by Futu AI
SciSparc Ltd., a company listed on the US stock exchange under the ticker SPRC.US, has responded to a comment from the Securities and Exchange Commission (SEC) regarding its 2022 Form 20-F filing. In a letter addressed to SEC staff members Christine Torney and Daniel Gordon, dated January 5, 2024, SciSparc outlined its future revenue recognition accounting policy as requested. The policy details how the company will handle sales through its online Amazon stores, including the right of return for customers ranging from 30 to 90 days, and the recognition of revenue and refund liabilities. SciSparc also clarified its role as the principal in certain contracts, determining revenue recognition on a gross basis. The company emphasized its responsibility for the accuracy of its disclosures and expressed its readiness to provide further information or discuss the matter with the SEC.
SciSparc Ltd., a company listed on the US stock exchange under the ticker SPRC.US, has responded to a comment from the Securities and Exchange Commission (SEC) regarding its 2022 Form 20-F filing. In a letter addressed to SEC staff members Christine Torney and Daniel Gordon, dated January 5, 2024, SciSparc outlined its future revenue recognition accounting policy as requested. The policy details how the company will handle sales through its online Amazon stores, including the right of return for customers ranging from 30 to 90 days, and the recognition of revenue and refund liabilities. SciSparc also clarified its role as the principal in certain contracts, determining revenue recognition on a gross basis. The company emphasized its responsibility for the accuracy of its disclosures and expressed its readiness to provide further information or discuss the matter with the SEC.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.