Austin Legal Group, APC
Lawyers
3990 Old Town Ave, Ste A-101
San Diego, CA 92110
Licensed in California & Hawaii & Arizona
Telephone
(619) 924-9600
Facsimile (619) 881-0045 | Writer’s Email: arden@austinlegalgroup.com | |
July 17, 2020 |
Stephen Kim and Rufus Decker
Division of Corporation Finance
Office of Trade & Services
Re: | Can B Corp. | |
Form 10-K for the Fiscal Year Ended December 31, 2019 | ||
Filed April 2, 2020 | ||
Form 10-Q for the Period Ended March 31, 2020 | ||
Filed May 20, 2020 | ||
File No. 000-55753 |
To Whom It May Concern:
Please see below for responses to the Division’s letter dated June 24, 2020 regarding the above captioned matter. All questions have been addressed in an Amendment No. 1 to the Offering Statement on Form 1-A, filed July 15, 2020 (“Amendment”) by Can B Corp. (the “Company”), as further herein detailed.
Form 10-Q for the Period Ended March 31, 2020
Consolidated Statements of Operations and Comprehensive Loss (Unaudited), page 4
1. | Your calculation of net income (loss) per common share - basic and diluted for the three months ended March 31, 2020 and 2019 appears to be incorrect. Please revise. Refer to ASC 260-10-45. |
These issues have been addressed in the Company’s Form 1-A, as amended. Please note that an amended Form 10-Q will not be filed.
Consolidated Statements of Stockholders’ Deficiency (Unaudited), page 5
2. | Please revise to present the statement of stockholders’ deficiency for the comparative period, the three months ended March 31, 2019. Refer to Rule 8-03(a)(5) of Regulation S-X. |
These issues have been addressed in the Company’s Form 1-A, as amended. Please note that an amended Form 10-Q will not be filed.
We appreciate your time and attention in this matter.
Sincerely, | |
AUSTIN LEGAL GROUP, APC | |
Arden E. Anderson, Esq. |