U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 Form 10-Q/A
 
 (Mark One)
 x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For the quarterly period ended June 30, 2009
 
 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. 000-26213
 
 ROOMLINX, INC.
 
 (Exact name of registrant as specified in its charter)
 
 Nevada
83-0401552(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
 
 2150 – W. 6th Ave., Unit H Broomfield, Colorado 80020
 (Address of principal executive offices)
 
 (303) 544-1111
 (Issuer's telephone number)
 
  
 Indicate by check mark whether the registrant (1) 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 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 oNon-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 outstanding of the Issuer's common stock as of December 11, 2009 was 387,190,259.
  
 
 EXPLANATORY NOTE

This Amendment on Form 10-Q/A to Roomlinx, Inc. (the "Company" or the "Registrant") Quarterly Report on Form 10-Q for the period ended June 30, 2009 (the "Original Filing") which was filed with the Securities and Exchange Commission on August 12, 2009, is being filed to amend the Original Filing as follows:

Item 1. Financial Statements. To restate the Cost of Goods Sold for the three and six months ended June 30, 2009.  The Cost of Goods Sold on the Consolidated Statement of Operations for the three and six months ended June 30, 2009 was overstated by $111,455, resulting in an understatement of our gross profit
by $111,455.  Inventory on the Balance Sheet for June 30, 2009,was understated by $111,455 resulting in an understatement of our assets by $111,455.

Except for the amendments described above, this Form 10-Q/A does not modify or update other disclosures in, or exhibits to, the Original Filing. This Form 10-Q/A is filed as a result of the Company becoming aware of a reporting oversight. Attached to this Form 10-Q/A as Exhibits 31.1 and 32.1 are certifications from
our Chief Executive Officer and Chief Financial Officer required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002.








ROOMLINX, INC.








INDEX





PART I.  FINANCIAL INFORMATIONItem 1. Financial StatementsConsolidated Balance Sheets as of June 30, 2009 (unaudited) and December 31, 2008Consolidated Statements of Operations for the Three Months and Six Months Ended June 30, 2009 and 2008 (unaudited)Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2009 and 2008 (unaudited)Notes to Consolidated Financial Statements (unaudited)Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsForward-Looking StatementsGeneralCritical Accounting PoliciesResults of OperationsRecent Accounting PronouncementsFinancial ConditionItem 3.  Quantitative and Qualitative Disclosures About Market RiskItem 4T. Controls and ProceduresPART II.  OTHER INFORMATIONItem 1.  Legal ProceedingsItem 2.  Unregistered Sales of Equity Securities and Use of ProceedsItem 3.  Defaults Upon Senior SecuritiesItem 4.  Submission of Matters to a Vote of Security HoldersItem 5.  Other InformationItem 6.  ExhibitsSignatures







Index





PART I.  FINANCIAL INFORMATION




Roomlinx, Inc.
 CONSOLIDATED BALANCE SHEETS
  June 30,2009


December 31,(Unaudited)


2008ASSETSCurrent assets:Cash and cash equivalents

$
1,422,558


$
1,941,215Accounts receivable, net


300,534



258,538Lease receivable, current portion


70,717



48,578Prepaid and other current assets


35,399



29,979Work in progress


173,411



173,964Inventory


197,059



74,930Total current assets


2,199,678



2,527,204Property and equipment, net


136,446



123,886Lease receivable, non-current


350,794



225,582Total assets

$
2,686,918


$
2,876,672LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)Current liabilities:Accounts payable and accrued expenses

$
364,594


$
434,171Accrued interest


34,364



35,443Deferred revenue


377,198



472,101Total current liabilities


776,156



941,715Convertible debentures


3,322,384



1,970,810Line of Credit


340,000



-Stockholders' (deficit):Preferred stock - $0.20 par value, 5,000,000 shares authorized:Class A - 720,000 shares authorized, issued and outstanding


144,000



144,000Series B - 2,000,000 shares authorized; none issued and outstanding


-



-Series C - 1,400 shares authorized; none and 1,000 shares issuedand outstanding, respectively


-



200Common stock - $0.001 par value, 1,500,000,000 shares authorized:272,394,031 and 158,483,488 shares issued and outstanding, respectively


272,394



158,483Additional paid-in capital


23,488,176



23,109,501Accumulated (deficit)


(25,656,192
)


(23,448,037
)Total stockholders' (deficit)


(1,751,622
)


(35,853
)Total liabilities and stockholders' (deficit)

$
2,686,918


$
2,876,672


The accompanying notes are an integral part of these consolidated financial statements.


1
 
 Index
 Roomlinx, Inc.
 CONSOLIDATEDSTATEMENTS OF OPERATIONS
 for the Three and Six Months Ended June 30, 2009 and 2008
 (Unaudited)
  For the Three Months Ended


For the Six Months EndedJune 30


June 302009


2008


2009


2008Revenues:Sales

$
427,019


$
424,392


$
1,108,699


$
802,058Cost of goods sold


216,893



230,557



766,227



532,961Gross profit


210,126



193,835



342,472



269,097Operating expenses:Operations


104,616



-



193,294



-Product development


84,545



131,528



172,454



245,944General and administrative


325,625



251,853



538,267



495,321Depreciation


16,157



7,039



29,087



12,918530,943



390,420



933,102



754,183Operating (loss)


(320,817
)


(196,585
)


(590,630
)


(485,086
)Non-operating income (expense):Interest expense


(44,531
)


(37,523
)


(86,463
)


(73,906
)Derivative expense


(2,352,090
)


(1,397,111
)


(1,531,619
)


(1,158,575
)Foreign currency gain (loss)


(2,433
)


(2,849
)


(5,383
)


(4,215
)Other income


15,631



2,230



34,974



10,879(2,383,423
)


(1,435,253
)


(1,588,491
)


(1,225,817
)Loss before income taxes


(2,704,240
)


(1,631,838
)


(2,179,121
)


(1,710,903
)Provision for income taxes


-



-



-



-Net (loss)

$
(2,704,240
)

$
(1,631,838
)

$
(2,179,121
)

$
(1,710,903
)Series C Preferred dividend


-



-



29,032



-Net (loss) available to common shareholders

$
(2,704,240
)

$
(1,631,838
)

$
(2,208,153
)

$
(1,710,903
)Net (loss) per common share:Basic and diluted

$
(0.01
)

$
(0.01
)

$
(0.01
)

$
(0.01
)Weighted average shares outstanding:Basic and diluted


270,031,389



151,892,045



219,373,914



151,198,600


The
accompanying notes are an integral part of these consolidated financial statements.
 2
 Index
 Roomlinx, Inc.
 CONSOLIDATEDSTATEMENTS OF CASH FLOWS
 for the Six Months Ended June 30, 2009 and 2008
 (Unaudited)
 2009


2008Cash flows from operating activities:Net (loss)

$
(2,179,121
)

$
(1,710,903
)Adjustments to reconcile net (loss) to net cash(used in) provided by operating activities:Depreciation


29,087



12,918Income from discharge of indebtedness


-



(992
)Derivative expense


1,531,619



1,158,575Derivative carrying value increase


16,658



4,176Common stock, warrants, and options issued as compensation


224,800



19,486Non-cash interest expense


70,210



70,598Accrued series C preferred dividends


(29,032
)


-Provision for uncollectible accounts


(43,782
)


-Changes in operating assets and liabilities:Accounts receivable


1,786



138,703Inventory


(122,129
)


(61,117
)Work in process


553



-Prepaid and other current assets


(5,420
)


12,205Accounts payable and accrued expenses


(69,579
)


(77,367
)Deferred revenue


(94,904
)


101,446Accrued interest


(1,079
)


(869
)Total adjustments


1,620,243



1,377,762Net cash (used in) operating activities


(670,333
)


(333,141
)Cash flows from investing activities:Leases receivable


(159,291
)


-Payments received on leases receivable


11,940



-Purchase of property and equipment


(40,973
)


(31,106
)Net cash (used in) investing activities


(188,324
)


(31,106
)Cash flows from financing activities:Cash proceeds from line of credit


340,000



-Net cash provided by financing activities


340,000



-Net (decrease) in cash and equivalents


(518,657
)


(364,247
)Cash and equivalents at beginning of period


1,941,215



915,165Cash and equivalents at end of period

$
1,422,558


$
550,918Supplemental Cash Flow InformationCash paid for interest

$
-


$
-Cash paid for income taxes

$
-


$
-Non-cash investing and financing activities:Conversion of series C preferred stock to common stock

$
100,000


$
-Common stock issued for debentures

$
197,376


$
-Issuance of common stock for accrued series C preferred stock dividend

$
91,532


$
-


The accompanying notes are an integral part of these consolidated financial statements.
 3
 Index
 Roomlinx, Inc.


Notes to Consolidated Financial Statements


June 30, 2009


(Unaudited)





1.     Overview and Summary of Significant Accounting Policies




Description of Business: Roomlinx, Inc. (the “Company”) is incorporated under the laws of the state of Nevada.  The Company sells, installs, and services in-room media and entertainment solutions for hotels, resorts, and time share properties.  The
Company develops software and integrates hardware to facilitate the distribution of Hollywood, adult, and specialty content, business applications, national and local advertising, and concierge services.  The Company also sells, installs and services hardware for wired networking solutions and wireless fidelity networking solutions, also known as Wi-Fi, for high-speed internet access to hotels, resorts, and time share locations. The Company installs and creates services that address the productivity
and communications needs of hotel, resort and time share guests. The Company utilizes third party contractors to install such hardware and software.





Basis of Presentation:The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial
information.  They do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.  In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation, have been included in the accompanying unaudited financial statements.  Operating results for the periods presented are not necessarily indicative of the
results that may be expected for the full year.  For further information, refer to the financial statements and notes thereto, included in the Company's Form 10-K as of and for the year ended December 31, 2008.





Reclassification:Certain amounts in the 2008 financial statements have been reclassified to confirm to the current year presentation.





Per Share Amounts:    The Company computes net income per share under the provisions of SFAS No. 128, “Earnings per Share” (SFAS 128).  Under the provisions of SFAS 128, basic net income per share is computed by dividing the Company’s
net income for the period by the weighted-average number of shares of common stock outstanding during the period.  Diluted net income per share excludes potential common shares if the effect is anti-dilutive.  Diluted net income (loss) per share is determined in the same manner as basic net income per share except that the number of shares is increased assuming exercise of dilutive stock options and warrants using the treasury stock method and shares issuable upon conversion of convertible
debt and adding back to net income the related interest expense.




Derivative financial instruments:We do not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks.





We review the terms of convertible debt instruments we issue to determine whether there are embedded derivative instruments, including the embedded conversion option, that are required to be bifurcated and accounted for separately as a derivative financial instrument. In circumstances where the convertible instrument contains more than
one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Also, in connection with the sale of convertible debt, we may issue freestanding options or warrants that may, depending on their terms, be accounted for as derivative instrument liabilities, rather than as equity. We may also issue options or warrants to non-employees in connection with consulting or other
services they provide.





When the ability to physical or net-share settle the conversion option or the exercise of the freestanding options or warrants is deemed to be not within the control of the company or if the conversion option, options or warrants are not indexed only to the underlying common stock, the embedded conversion option or freestanding options
or warrants may be required to be accounted for as a derivative financial instrument liability.





4
 
 Index


Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income.
For option-based derivative financial instruments, we use the Cox-Ross-Rubinstein binomial model to value the derivative instruments.  To the extent that the initial fair values of the freestanding and/or bifurcated derivative instrument liabilities exceed the total proceeds received, an immediate charge to income is recognized, in order to initially record the derivative instrument liabilities at their fair value.





The discount from the face value of the convertible debt instruments resulting from allocating some or all of the proceeds to derivative instruments, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to income, using the effective interest method.





Certain instruments, including convertible debt and freestanding options or warrants issued, may be subject to registration rights agreements, which may impose penalties for failure to register the underlying common stock by a defined date.  Any such penalties are accounted for in accordance with SFAS 5 and are accrued when they
are deemed probable.





The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed periodically, including at the end of each reporting period. If re-classification is required, the fair value of the derivative instrument, as of the determination date, is re-classified. Any previous
charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.





2.     Line of Credit




On June 5, 2009, the Company, entered into a Revolving Credit, Security and Warrant Purchase Agreement (the “Credit Agreement") with Cenfin LLC, a Delaware limited liability company (“Cenfin”), pursuant to which Cenfin agreed to make revolving loans to Roomlinx from time to time in a maximum outstanding amount of $5,000,000
and pursuant to which, upon the making of each such Revolving Loan, Roomlinx will issue to Cenfin a Revolving Credit Note evidencing such Revolving Loan and a Warrant to purchase a number of shares of Roomlinx Common Stock equal to 50% of the principal amount funded in respect of such Revolving Loan divided by $.02 per share. Each Revolving Credit Note will bear interest at a rate of 9% per annum and mature on the fifth anniversary of its issuance. Each Warrant will be exercisable for a three year period from
its issuance at an initial exercise price of $.02 per share. At June 30, 2009 $340,000 was borrowed against this line.





3.     Convertible Debentures





On June 11, 2007 and June 13, 2007, the Company sold an aggregate of $2,350,000 principal amount of Convertible Debentures due May 2012 (the “Convertible Debentures”) to a number of investors pursuant to a Securities Purchase Agreement (the “June Purchase Agreement”).  $2,300,000 of the debentures were
purchased with cash and $50,000 was converted from a note payable.  During May 2009, $100,000 of the debentures were converted into 5 million shares of Common Stock.





The Convertible Debentures are initially convertible into Series B Preferred Stock, which Series B Preferred Stock will not be convertible into Common Stock until such time as the Company has sufficient number of shares of Common Stock authorized to permit the conversion of the Convertible Debentures into Common Stock, at which time the
Convertible Debentures will automatically be convertible into Common Stock and not Series B Preferred Stock.  The conversion price into shares of Common Stock of the Convertible Debentures is $0.02 per share, subject to certain standard anti-dilution adjustments.  In the event that the Convertible Debentures are not repaid when due, the conversion price will be reduced to $0.01 per share.  Because this potential reduction in the conversion price effectively indexes the return to
the investors to a factor other than the underlying value of our common stock, the embedded conversion option has been bifurcated and accounted for separately as a derivative instrument liability.





Pursuant to the June Purchase Agreement, each purchaser also received an option, exercisable for a six month period from the Closing under the Purchase Agreement, to purchase additional Convertible Debentures (“Additional Convertible Debentures”) in an amount up to 50% of the original amount of Convertible Debentures purchased.  This
option has also been accounted for as a derivative instrument liability.  All such options have expired unexercised.





5


Index




The Convertible Debentures bear interest at an annual rate of 6%, payable quarterly, either in cash or, at the Company’s election, in shares of our capital stock at two and one-half cents ($.025) per share of common stock or a 10% discounted stock price from the average market price for the 20 business days preceding the interest
payment date, whichever is greater.  All interest to date has been settled in shares of common stock.





Pursuant to the terms of the June Purchase Agreement, we are obligated to register the shares of Common Stock issuable on conversion of the Convertible Debentures within one year of the Closing under the June Purchase Agreement or as soon as our Common Stock is listed on the Over-the-Counter Bulletin Board, whichever is sooner.  The
June Purchase Agreement does not provide for any specific penalties for not complying with this requirement, which has not yet been met.  At June 30, 2009, the Company has not accrued any penalties that may ultimately be paid, as it does not believe any penalties are probable as of that date.




4.    Derivative Financial Instruments





As discussed above, the embedded conversion option in our Convertible Debentures and options issued to the investors to acquire additional debentures have been accounted for as derivative instrument liabilities.





We use the Cox-Ross-Rubinstein binomial model to value warrants, and the embedded conversion option components of any bifurcated embedded derivative instruments that are recorded as derivative liabilities. See Note 2 related to embedded derivative instruments that have been bifurcated from our Convertible Debentures and the options to acquire
additional Convertible Debentures held by the investors.  The options and conversion options can be exercised by the holders at any time.  The options held by the investors to acquire additional Convertible Debentures expired in December 2007.





In valuing the embedded conversion option components of the bifurcated embedded derivative instruments and the options, at the time they were issued and at June 30, 2009, we used the market price of our common stock on the date of valuation, an expected dividend yield of 0%, an estimated volatility of 250% based on a review of our historical
volatility and the remaining period to the expiration date of the option or repayment date of the convertible debt instrument.  The aggregate risk-free rate of return used was 1.48%, based on constant maturity rates published by the U.S. Federal Reserve, applicable to the remaining life of the options.





At June 30, 2009, the following derivative liabilities were outstanding:





Issue Date

Expiry Date

Instrument

Conversion/
Exercise Price Per Share

Value –
Issue Date

Value -
June 30, 2009June 2007

May 2012

$2,350,000
Convertible Debentures

$0.02

$2,338,899

$3,289,458June 2007



Convertible Debentures Carrying Amount



-

32,926June 2007

December 2007

Option to acquire
$1,175,000
Convertible Debentures

$0.03

431,264

-Total derivative financial instruments

$2,770,163

$3,322,384




6


Index




5.     Stockholders' (Deficit)




Preferred Stock:   The Company has authorized 5,000,000 preferred shares with a $0.20 par value.  There are three designations of the class of preferred shares: Class A, Series B, and Series C Preferred Stock.  The Class A preferred stock is
entitled to receive cumulative annual dividends at the rate of 9%, payable in either cash or additional shares of Class A Preferred Stock, at the option of the Company.  The Series B Preferred Stock is not entitled to any dividends.  The Series C stock accrues dividends at an annual rate of 6% per year, payable quarterly, either in cash or, at the Company’s election, shares of common stock through March 5, 2009.  As of June 30, 2009, there were 720,000 shares of Class A Preferred
Stock, no shares of Series B Preferred Stock, and no shares of Series C Preferred Stock issued and outstanding.  Class A dividends accrued and unpaid as of June 30, 2009, were $139,800; these dividends have not been declared by the board so they are not included in accrued expenses.  Series C dividends accrued and unpaid as of June 30, 2009, were $0.





On March 31, 2009 the Company’s board of directors approved the conversion of 1,000 shares of Series C Preferred Stock into 100,000,000 shares of Common Stock per the July 31, 2008 securities purchase agreement.




Common Stock:   As of June 30, 2009 the Company has authorized 1,500,000,000 shares of $0.001 par value common stock.  As of June 30, 2009, there were 272,394,031 shares of common stock issued and outstanding.





On January 2, 2009, the Board approved and issued 1,417,707 shares of our common stock with a fair value of $35,443, as interest for the fourth quarter of 2008, pursuant to the clauses outlined in the convertible debenture agreements of June 11, 2007.





On March 5, 2009, the stockholders approved an amendment and restatement of the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 245,000,000 to 1,500,000,000.





On March 31, 2008 the Company’s board of directors approved the conversion of 1,000 shares of Series C Preferred Stock into 100,000,000 shares of Common Stock per the July 31, 2008 securities purchase agreement.





On March 31, 2008 the Company’s board of directors approved and issued 6,102,151 shares of common stock with a fair value of $91,532 for the payment of Series C Preferred Stock Dividends.





On April 1, 2009, the Board of Directors approved and issued 1,390,685 shares of our common stock with a fair value of $34,767, as interest for the first quarter of 2009, pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007.





On May 14, 2009 $100,000 in convertible debentures was converted to 5,000,000 shares of common stock pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007. This conversion has a fair value of $197,376.





Warrants:





On June 14, 2009, 8,500,000 warrants were granted pursuant to the clauses outlined in the securities purchase agreement dated June 5, 2009.  Such warrants were issued at an exercise price of $0.02 per share and vest immediately; the warrants expire 3 years from the date of issuance.




7


Index




On June 30, 2009, the Company had the following outstanding warrants:





Exercise
Price
Number of
Shares
Remaining
Contractual
Life (in
years)
Exercise
Price times
Number of
Shares

Weighted
Average
Exercise
Price

Aggregate
Intrinsic
Value$0.020
15,000,000
3.79
$300,000



$195,000$0.020
2,962,500
2.95
59,250



38,513$0.030
7,000,000
2.95
210,000



21,000$0.030
3,900,000
2.50
117,000



-$0.040
20,000,000
2.06
800,000



-$0.060
20,000,000
2.06
1,200,000



-$0.075
10,963,333
0.67
822,250



110,500$0.020
8,500,000
2.97
170,00088,325,833

$3,678,500

$0.042

$376,713








Warrants

Number of Shares


Weighted
Average
Exercise
Price

Remaining
Contractual
Life (in
years)

Aggregate
Intrinsic
ValueOutstanding at December 31, 2008


79,825,833


$
0.044Issued


8,500,000



0.020Exercised


-



-Expired / Cancelled


-



-Outstanding at June 30, 2009


88,325,833


$
0.042

2.42

$ 376,713Exercisable at June 30, 2009


73,325,833


$
0.046

2.31

$ 181,713




Options:   The Company adopted a long term incentive stock option plan (the "Stock Option Plan"). The Stock Option Plan provides for the issuance of 120,000,000 shares of common stock upon exercise of options which may be granted pursuant to the Stock Option Plan.
As of June 30, 2009, options to purchase 17,198,333 shares were vested. The options vest as determined by the Board of Directors and are exercisable for a period of no more than 10 years.





On February 23, 2009, the Company’s Board of Directors approved the grant of an aggregate of 350,000 Incentive Stock Options and an aggregate of 200,000 Non-Qualified Stock Options.  Such options were issued at an exercise price of $0.01 per share and vest one-third (1/3) on each of the first three anniversaries of the grant
date; the options expire 7 years from the date of issuance or upon termination of employment with the company.  100,000 of the qualified options terminated prior to the end of the quarter due to termination of employment.





On February 23, 2009, the Registrant’s Board of Directors approved the grant of an aggregate of 1,200,000 Non-Qualified Stock Options.  Such options were issued at an exercise price of $0.01 per share and vest in 12 equal installments over 12 months; the options expire 7 years from the date of issuance or upon termination
of employment with the company.





8


Index




On March 5, 2009, the Stockholders approved an amendment to the Company’s Long Term Incentive Plan to increase the number of shares of Common Stock available for issuance there under from 25,000,000 to 120,000,000.





On June 5, 2009 the Company’s Board of Directors approved a grant of 10,000,000 Incentive Stock Options to an officer and board member, pursuant to his employment agreement dated June 5, 2009.  Such options were issued at an exercise price of $0.033 per share and vest one-half (1/2) on each of the first two anniversaries
of the grant date; the options expire 7 years from the date of issuance or upon termination of employment with the company.




On June 30, 2009, the Company had the following outstanding options:




Exercise Price


Number of Shares


Remaining
Contractual Life (in
years)


Exercise Price
times Number
of Shares

Weighted
Average
Exercise Price

Aggregate
Intrinsic
Value$
0.033



10,000,000



6.94


$
330,000



$
-$
0.010



1,650,000



6.65



16,500




37,950$
0.017



200,000



6.34



3,400




3,200$
0.012



800,000



6.14



9,600




16,800$
0.020



800,000



6.06



16,000




10,400$
0.017



150,000



5.88



1,700




1,600$
0.015



950,000



5.36



14,250




17,100$
0.025



1,00,000



4.85



25,000




8,000$
0.020



13,500,000



4.39



270,000




175,500$
0.026



1,000,000



3.12



26,000




7,000$
0.100



500,000



0.57



50,000




-30,500,000






$
762,450

$          0.025

$
277,550





Options

Number of Shares


Weighted
Average
Exercise Price


Weighted
Average
Remaining
Contractual
Life (in years)


Aggregate
Intrinsic
ValueOutstanding at December 31, 2008


20,150,000


$
0.022Granted


11,750,000



0.030Exercised


-



-Expired / Cancelled


(1,400,000
)


0.016Outstanding at June 30, 2009


30,500,000


$
0.025



5.30


$
277,550Vested at June 30, 2009


17,198,333


$
0.023



4.84


$
213,337Exercisable at June 30, 2009


17,198,333


$
0.023



4.84


$
213,337








The Company recorded deferred compensation expense of $312,270 in connection with options granted during the quarter ended June 30, 2009. The fair value of the option grants was estimated on the date of grant utilizing the Black-Scholes option pricing model with the following weighted average assumptions for grants: expected life of options
of 7 years, expected volatility of 142%, risk-free interest rate of 3.25% and no dividend yield. The weighted average fair value at the date of grant for options granted during the quarter ended June 30, 2009, averaged $0.03 per option.





9


Index




The Company recorded deferred compensation expense of $16,354 in connection with options granted during the quarter ended March 31, 2009. The fair value of the option grants was estimated on the date of grant utilizing the Black-Scholes option pricing model with the following weighted average assumptions for grants: expected life of options
of 7 years, expected volatility of 139%, risk-free interest rate of 2.22% and no dividend yield. The weighted average fair value at the date of grant for options granted during the quarter ended March 31, 2009, averaged $0.009 per option.





6.      Subsequent Events




On July 1, 2009, the Board of Directors approved and issued 1,294,815 shares of our common stock with a fair value of $34,364, as interest for the second quarter of 2009, pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007.
 
 On July 9, 2009, Heller Capital Investments converted $100,000 principal amount of Roomlinx Convertible Debentures into 5,000,000 shares of Roomlinx common stock pursuant to the terms of the Convertible Debentures.
 
 On July 9, 2009, the Company’s Board of Directors approved the grant of an aggregate of 450,000 Incentive Stock Options.  Such options were issued at an exercise price of $0.025 per share and vest one-third (1/3) on each of the first three anniversaries of the grant date; the options expire 7 years from the date of issuance
or upon termination of employment with the company.  100,000 of the qualified options terminated prior to the end of the quarter due to termination of employment.
 
 On September 9, 2009, LAM Opportunity Fund LTD converted $280,200 principal amount of Roomlinx Convertible Debentures into 14,010,000 shares of Roomlinx common stock pursuant to the terms of the Convertible Debentures.
 
 On September 9, 2009, Roomlinx entered into a Debt Conversion Agreement with respect to the conversion of all remaining outstanding Roomlinx Convertible Debentures pursuant to which an aggregate of 93,490,000 shares of Roomlinx common stock were issued.
 
 On October 1, 2009, the Board of Directors approved and issued 1,001,412 shares of our common stock with a fair value of $25,093, as interest for the third quarter of 2009, pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007.
 
 All subsequent events as of December 11, 2009, the date the financial statements were available to be issued, have been evaluated by the Company and disclosed above.





Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.





FORWARD-LOOKING STATEMENTS





This Form 10-Q contains or incorporates by reference “forward-looking statements,” as that term is used in federal securities laws, about our financial condition, results of operations and business.  These statements include, among others:





- statements concerning the benefits that we expect will result from our business activities and results of exploration that we contemplate or have completed, such as increased revenues; and





- statements of our expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts.





These statements may be made expressly in this document or may be incorporated by reference to other documents that we will file with the SEC.  You can find many of these statements by looking for words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions
used in this report or incorporated by reference in this report.





These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause our actual results to be materially different from any future results expressed or implied in those statements.  Because the statements are subject to risks and uncertainties, actual results may differ materially from those
expressed or implied.  We caution you not to put undue reliance on these statements, which speak only as of the date of this report.  Further, the information contained in this document or incorporated herein by reference is a statement of our present intention and is based on present facts and assumptions, and may change at any time and without notice, based on changes in such facts or assumptions.





GENERAL




Roomlinx, Inc., a Nevada corporation ("We," "Us" or the "Company"), provides two core products and services:




1. Wired networking solutions and wireless fidelity networking solutions, also known as Wi-Fi, for high speed internet access to hotels, resorts, and , timeshare, events locations. The Company installs and creates services that address the productivity and communications needs of hotel guests, convention center exhibitors and corporate
apartment customers. We specialize in providing advanced Wi-Fi wireless services such as the wireless standards known as 802.11a/b/g.




Hotel customers sign long-term service agreements, where we provide the maintenance for the networks, as well as the right to provide value added services over the network.




We derive revenues from the installation of the wired and wireless networks we provide to hotels, resorts, and time share properties. We derive additional revenue from the maintenance of these networks. Customers typically pay a one-time fee for the installation of the network and then pay monthly maintenance fees for the upkeep and support
of the network. During 2008 we made a fundamental change in our business model pertaining to our on-site support.




10


Index








2. In-room media and entertainment solutions for hotels, resorts, and time share properties.  The Company develops software and integrates hardware to facilitate the distribution of entertainment, business applications, national and local advertising, and content.  The content consists of high definition and standard
definition adult, Hollywood, and specialty programming, music, internet based television programming, digital global newspapers, global radio and television stations, business applications (allowing the guest to use Microsoft Office programs), and hotel-specific services and advice.




The Company provides proprietary software an LCD television (optional), a media console (consisting of a DVD player, CD burner, and numerous input jacks for the hotel guest), a wireless keyboard with built-in mouse, and a remote control.




The Company installs and supports these components.




Hotel customers sign long-term service agreements, where we provide the maintenance for the networks, as well as the right to provide value added services over the network.




We derive our revenues primarily from selling our proprietary hardware and software to hotels, resorts and time share locations as well as delivering content and providing security and support of the media and entertainment product.  We derive additional revenue from the rental of movies, printing service, advertising and sale
of products through our system.  We began marketing this product in September 2007.  Since June 2007, we have invested significant capital to develop our software, integrate our hardware, and develop significant product and content partnerships.




We have incurred operating losses since our inception.  We will need to increase our installation and maintenance revenues and improve our gross margins to become profitable and sustain profitability on a quarterly and annual basis.  We recently completed development of our Media and Entertainment solution and have commenced
marketing it.  There is no assurance that we will be successful in our efforts.




We have successfully completed the installation of multiple properties, and have signed contracts to install additional properties.




Management’s Discussion and Analysis (MD&A) is designed to provide the reader of the financial statements with a narrative discussion of our results of operations; financial position; liquidity and capital resources; critical accounting policies and significant estimates; and the impact of recently issued accounting standards.  Our
MD&A is presented in five sections:




·
Critical Accounting Policies


·
Results of Operations


·
Recent Accounting Pronouncements


·
Financial Condition


·
Forward-Looking Statements




This discussion should be read in conjunction with our consolidated financial statements and accompanying Notes included in this report and in the 2008 annual report on Form 10-K, as well as our reports on Form 8-K and other SEC filings.




CRITICAL ACCOUNTING POLICIES AND ESTIMATES




Management's Discussion and Analysis of Financial Condition and Results of Operations discuss our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires management to make estimates and judgments that affect the
reported amounts of assets, liabilities, revenues and expenses, and the related disclosures of contingent assets and liabilities. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, allowance for doubtful accounts and property and equipment valuation. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis
for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions and conditions.




11


Index




Management believes the following critical accounting policies, among others, affect its more significant judgments and estimates used in the preparation of its consolidated financial statements.




Our system sales and installation revenue primarily consists of wired and wireless network equipment and installation fees associated with the network and is recognized as revenue when the installation is completed and the customer has accepted such installation.





Our service, maintenance and usage revenue, which primarily consists of monthly maintenance fees related to the upkeep of the network, is recognized on a monthly basis as services are provided.





Media and Entertainment product revenue primarily consists of media and entertainment equipment purchases, installation of that equipment, software and content license fees, and maintenance fees related to the upkeep of the system.  Revenue on the equipment and installations is recognized when the installation is complete and
the customer has accepted such installation.  Revenue on the service and maintenance is recognized as invoiced per the individual contracts.




We estimate the collectability of our trade receivables. A considerable amount of judgment is required in assessing the ultimate realization of these receivables, including analysis of historical collection rates and the current credit-worthiness of significant customers.




Work in progress represents the cost of hardware, software, and labor which has been incurred by us for installation at our customers’ facilities, but has not been accepted by the customer.




We capitalize and subsequently depreciate our property and equipment over the estimated useful life of the asset. In assessing the recoverability of our long-lived assets, including goodwill, we must make certain assumptions regarding the useful life and contribution to the estimated future cash flows. If such assumptions change in the
future, we may be required to record impairment charges for these assets not previously recorded.




Since inception, we have accumulated substantial net operating loss carry forwards for tax purposes.  There are statutory limitations on our ability to realize any future benefit from these potential tax assets and we are uncertain as to whether we will ever utilize the tax loss carry forwards.  Accordingly, we have
recorded a valuation allowance to offset the deferred tax asset.




The Company follows SFAS No. 123(R), “Share-Based Payment,” which requires us to provide compensation costs for our stock option plans determined in accordance with the fair value based method prescribed in SFAS No. 123(R).  We estimate the fair value of each stock option at the grant date by using the Black-Scholes
option-pricing model and provide for expense recognition over the service period, if any, of the stock option.




In connection with the sale of debt or equity instruments, we may sell options or warrants to purchase our common stock. In certain circumstances, these options or warrants may be classified as derivative liabilities, rather than as equity. Additionally, the debt or equity instruments may contain embedded derivative instruments, such as
conversion options, which in certain circumstances may be required to be bifurcated from the associated host instrument and accounted for separately as a derivative instrument liability.





The identification of, and accounting for, derivative instruments is complex. Our derivative instrument liabilities are re-valued at the end of each reporting period, with changes in the fair value of the derivative liability recorded as charges or credits to income, in the period in which the changes occur. For options, warrants and bifurcated
conversion options that are accounted for as derivative instrument liabilities, we determine the fair value of these instruments using the Cox-Ross-Rubinstein binomial option pricing model. That model requires assumptions related to the remaining term of the instruments and risk-free rates of return, our current common stock price and expected dividend yield, and the expected volatility of our common stock price over the life of the instruments.  The identification of, and accounting for, derivative
instruments and the assumptions used to value them can significantly affect our financial statements.




12


Index




RESULTS OF OPERATIONS





Three months ended June 30, 2009 compared to three months ended June 30, 2008:





Our revenues for the three months ended June 30, 2009 were $427,019, an increase of 1% over our $424,392 in revenues for the three months ended June 30, 2008.  Our cost of goods sold for the three months ended June 30, 2009 was $216,893 a decrease of 6% over our $230,557 cost of goods sold for the three months ended June 30, 2008.  Our
gross profit for the three months ended June 30, 2009 was $210,126, an 8% increase over the $193,835 gross profit for the three months ended June 30, 2008.  These results are primarily due to the higher gross profit margins of our recurring revenue stream related to our media and entertainment products.
  Our operating expenses for the three months ended June 30, 2009 were $530,943 compared to $390,420 for the three months ended June 30, 2008, an increase of 36%.  We created a new department in 2009; our operations department had expenses of $104,616 which consisted primarily of personnel related costs.  We reduced our
costs in our product development department to $84,545 during the three months ended June 30, 2009 from $131,528 in 2008.  This decrease was primarily due to a reduction in personnel costs and a reduction in design and implementation costs of our media and entertainment products.  Our selling and general administrative expenses increased to $325,625 in 2009 from $251,853 in 2008.  This increase is primarily attributable to the increase in stock compensation expense to $118,774 in
2009 from $3,636 in 2008.





For the three months ended June 30, 2009, our non-operating income increased to $15,631 compared to $2,230 during the three months ended June 30, 2008.  This is primarily comprised of interest income on equipment leases to customers.




For the three months ended June 30, 2009, we reported a net loss of $2,704,240, compared to a net loss of $1,631,838 for the three months ended June 30, 2008.  The increase in derivative expense to $2,352,090 in 2009 from $1,397,111 in 2008 and the increase in stock compensation expense are primary factors in the results.




Six months ended June 30, 2009 compared to six months ended June 30, 2008:





Our revenues for the six months ended June 30, 2009 were $1,108,699, an increase of 38% over our $802,058 in revenues for the six months ended June 30, 2008.  Our cost of goods sold for the six months ended June 30, 2009 was $766,227 an increase of 44% over our $532,961 cost of goods sold for the six months ended June 30, 2008.  Our
gross profit for the six months ending June 30, 2009 was $342,472, a 27% increase over the $269,097 gross profit for the six months ended June 30, 2008.  These results are primarily due to the increased sales of our media and entertainment products and higher gross profit margins of our recurring revenue stream related to our media and entertainment products.


Our operating expenses for the six months ended June 30, 2009 were $933,102 compared to $754,183 for the six months ended June 30, 2008, an increase of 24%.  We created a new department in 2009; our operations department had expenses of $193,294 which consisted primarily of personnel related costs.  We reduced our costs
in our product development department to $172,454 during the six months ended June 30, 2009 from $245,944 in 2008.  This decrease was primarily due to a reduction in personnel costs and a reduction in design and implementation costs of our media and entertainment products.  Our selling and general administrative expenses increased to $538,267 in 2009 from $495,321 in 2008.  This increase is primarily attributable to the increase in stock compensation expense to $224,800 for 2009
from $19,486 in 2008.




For the six months ended June 30, 2009, our non-operating income increased to $34,974 compared to $10,879 during the six months ended June 30, 2008.  This increase is primarily comprised of interest income on equipment leases to customers.




13


Index




For the six months ended June 30, 2009, we reported a net loss of $2,179,121, compared to a net loss of $1,710,903 for the six months ended June 30, 2008.  The increase in derivative expense to $1,531,619 in 2009 from $1,158,575 in 2008 and the increase in stock compensation expense are primary factors in the results.




FINANCIAL CONDITION





Liquidity and Capital Resources





As of June 30, 2009 we had $1,422,558 in cash and cash equivalents, which amount, in addition to the financing discussed below, is sufficient to fund operating activities and continue investing in our new media and entertainment product through 2009 and 2010.





Operating Activities





Net cash used by operating activities was $670,333 for the six months ended June 30, 2009 as compared to $333,141 used for the six months ended June 30, 2008. The change was primarily due to the effect of derivative expense and stock compensation expense, offset by the changes in operating assets and liabilities.




Investing Activities





Net cash used by investing activities was $188,324 for the six months ended June 30, 2009, primarily attributable to our investment in capital leases, as compared to $31,106 in investing activity for the six months ended June 30, 2008, used to purchase property and equipment.





Financing Activities





Net cash gained by financing activities was $340,000 for the six months ended June 30, 2009, primarily attributable to securing a line of credit.  There were no financing activities for the six months ended June 30, 2008.





Item 3. Quantitative and Qualitative Disclosures about Market Risk




We are exposed to risk from potential changes in the U.S./Canadian currency exchange rates as they relate to our services and purchases for our Canadian customers.




Foreign exchange gain / (loss)




Foreign transactions resulted in a loss of $5,383 for the six months ended June 30, 2009 compared to a loss of $4,215 for the six months ended June 30, 2008. The amount of gain (loss) will vary based upon the volume of foreign currency denominated transactions and fluctuations in the value of the Canadian dollar vis-à-vis the US dollar.




Translation of Financial Results




Because we translate a portion of our financial results from Canadian dollars to U.S. dollars, fluctuations in the value of the Canadian dollar have a direct affect on our reported consolidated results.  We do not hedge against the possible impact of this risk.  A 10 percent adverse change in the foreign currency
exchange rate would not have a significant impact on our consolidated results of operations or financial position.




14


Index




Item 4.  Controls and Procedures





(a)           Management’s Evaluation of Disclosure Controls and Procedures




As of the end of the period covered by this Quarterly Report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon this
evaluation, our Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer have concluded that information required to be disclosed is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer, to allow for timely decisions regarding required disclosure of material
information required to be disclosed in the reports that we file or submit under the Exchange Act. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving these objectives and our Chief Executive Officer and Chief Financial Officer/Principal Accounting Officer have concluded that our disclosure controls and procedures are effective to a reasonable assurance level of achieving such objectives. However, it should be noted that the design of any system of controls is based
in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.




(b)           Management’s Report on Internal Control over Financial Reporting




Our Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended. The Company’s internal control over financial reporting is designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Company’s internal control over financial reporting includes those policies and procedures that:





(i)           pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;





(ii)           provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations
of our management and directors; and





(iii)           provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.




Because of the inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.




Management assessed the effectiveness of the Company’s internal control over financial reporting as of June 30, 2009. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework. Management’s assessment included
an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.




Based on this assessment, management has concluded that as of June 30, 2009, our internal control over financial reporting was effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting
principles.




This Quarterly Report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit the Company to provide only management’s report in this annual report.




15


Index




(c)           Changes in Internal Control over Financial Reporting




There were no changes in our internal control over financial reporting during our fiscal quarter ended June 30, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.




16


Index




PART II - OTHER INFORMATION








Item 1. Legal Proceedings





None.





Item 2. Unregistered Sales of Equity Securities and Use of Proceeds





On January 2, 2009, the Board of Directors approved and issued 1,417,707 shares of our common stock, as interest for the fourth quarter of 2008, pursuant to the clauses outlined in the convertible debenture agreements of June 11, 2007.





On March 5, 2009, the Stockholders approved an Amendment and Restatement of the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 245,000,000 to 1,500,000,000.





On March 31, 2008 the Company’s Board of Directors approved the conversion of 1,000 shares of Series C Preferred Stock into 100,000,000 shares of Common Stock per the July 31, 2008 securities purchase agreement.





On March 31, 2008 the Company’s Board of Directors approved and issued 6,102,151 shares of common stock for the payment of Series C Preferred Stock Dividends.





On April 1, 2009, the Board of Directors approved and issued 1,390,685 shares of our common stock, as interest for the first quarter of 2009, pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007.





On May 14, 2009 $100,000 in convertible debentures was converted to 5,000,000 shares of common stock pursuant to the clauses outlined in the convertible debenture agreements of June 11 and June 13, 2007.





Item 3. Defaults Upon Senior Securities





None.





Item 4. Submission of Matters to a Vote of Security Holders





The annual meeting of the stockholders of Roomlinx, Inc. (the “Company”) was held on March 5, 2009 at the offices of the Company, 2150 W. 6th Ave., Unit H, Broomfield, CO 80020.


More than 50% of the Company’s shares of Common Stock (treating convertible Preferred Stock on an “as converted” to Common Stock basis) were represented in person or by proxy, being a majority of the shares entitled to vote required by the Company’s By-laws for a quorum.


The purposes of the meeting were:


1.
To elect Directors to hold office until the next Annual Meeting and until their successors are elected and qualified.


2.
To approve an amendment to the Company’s Long Term Incentive Plan to increase the number of shares of Common Stock available for issuance there under from 25,000,000 to 120,000,000.


3.
To approve the amendment and restatement of the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 245,000,000 to 1,500,000,000.


4.
To approve the amendment of the Company’s Articles of Incorporation effecting a 1-for-200 reverse stock split of the Company’s Common Stock and a simultaneous decrease in the number of authorized shares of the Company’s Common Stock to 200,000,000.


5.
To ratify the appointment of Stark Winter Schenkein & Co., LLP as independent auditors of the Company for the fiscal year ended December 31, 2008.


6.
To consider and act upon such other business as may properly come before the meeting.


The number of shares issued, outstanding and entitled to vote at the meeting was 259,901,195 shares of Common Stock and Series C Preferred Stock convertible into Common Stock.  The number of stockholders present at the meeting held 192,842,880 shares of Common Stock and Series C Preferred Stock convertible into Common Stock,
constituting a quorum.  The number of votes being cast for, against, and abstaining on each matter are as follows:




17
 
 Index


MATTER
VOTES
FOR
VOTES
AGAINST/
WITHHELD
VOTES
ABSTAININGTo elect the following Directors to hold office until the next Annual Meeting  and until their successors are elected and qualified:
Michael S. Wasik
Judson Just
Christopher Blisard
191,677,270
191,675,270
191,675,270
1,165,610
1,167,610
1,167,610
-
-
-To approve an amendment to the Company’s Long Term Incentive Plan to increase the number of shares of Common Stock available for issuance there under from 25,000,000 to 120,000,000
143,784,123
4,978,771
44,079,986To approve the amendment and restatement of the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 245,000,000 to 1,500,000,000
180,528,171
11,576,498
738,211To approve the amendment of the Company’s Articles of Incorporation effecting a 1-for-200 reverse stock split of the Company’s Common Stock and a simultaneous decrease in the number of authorized shares of the Company’s Common Stock to 200,000,000
48,232,992
144,178,182
431,706To ratify the appointment of Stark Winter Schenkein & Co., LLP as independent auditors of the Company for the fiscal year ended December 31, 2008
191,141,664
1,615,114
86,102





The Report of the Inspector of Election showed that: (i) Messrs. Wasik, Just and Blisard had been elected as Directors until the next Annual Meeting and until their successors have been elected and qualified; (ii) the amendment to the Company’s Long Term Incentive Plan to increase the number of shares of Common Stock available for
issuance there under from 25,000,000 to 120,000,00 had been approved; (iii) the amendment and restatement of the Company’s Articles of Incorporation to increase the number of authorized shares of the Company’s Common Stock from 245,000,000 to 1,500,000,000 had been approved; (iv) the amendment of the Company’s Articles of Incorporation effecting a 1-for-200 reverse stock split of the Company’s Common Stock and a simultaneous decrease in the number of authorized shares of the Company’s
Common Stock to 200,000,000 had NOT been approved; and (v) the appointment of Stark Winter Schenkein & Co., LLP as independent auditors of the Company for the fiscal year ended December 31, 2008 had been ratified.





Item 5. Other Information





None.





Item 6. Exhibits




3.1 Amended and Restated Articles of Incorporation of the registrant is incorporated by reference to Exhibit 3.1 to the registrant's 8k filed on March 10, 2009.
  10.1 Roomlinx, Inc. Long Term Incentive Plan is incorporated by reference to Annex A to the definitive proxy statement filed by the registrant. with the SEC on January 30, 2009
  31.1 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for the Chief Executive and Chief Financial Officers.
  32.1 Certification of the Chief Executive and Chief Financial Officers pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
  18
 
 Index


Signatures





Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.




Roomlinx, Inc.By:
/s/ Michael S. WasikMichael S. WasikChief Executive Officer
Chief Financial OfficerDate:
12/14/09


Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.




By:
/s/ Michael S. WasikMichael S. WasikChief Executive Officer,
Chief Financial Officer and DirectorDate:
12/14/09