UNITED
STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,
D. C. 20549



FORM
10-K/A

(Amendment
No. 1)



(Mark
One)



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



For
the fiscal year ended December 31, 2015



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



For
the transition period from ______________ to ______________



Commission
file number: 001- 53361



ECOARK
HOLDINGS, INC.

(Exact
name of registrant as specified in its charter)





|Nevada                                                            |  | 39-2075693                             
|----------------------------------------------------------------- |  | ---------------------------------------
|(State
    or other jurisdiction ofincorporation or organization) |  | (I.R.S.
    EmployerIdentification No.)
|                                                                  |  |                                        
|54
    Cummings Park, Suite 316 Woburn, MA                        |  | 01801                                  
|(Address
    of principal executive offices)                      |  | (Zip Code)                             



Registrant’s
telephone number, including area code: (781) 497-2900



Securities
registered under Section 12(b) of the Act: None



Securities
registered under Section 12(g) of the Act: Common Stock, par value $0.001 per share



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  ☐  
No  ☒



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes  ☐   No  ☒



Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the 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  ☒   No  ☐



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 (§ 232.405 of this chapter) during the
preceding 12 months (or such shorter period that the registrant was required to submit and post such files). Yes  ☒   No  ☐



Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒



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 | ☐ |                                               | Accelerated
    filer o       | ☐
|--------------------------- | - | --------------------------------------------- | ----------------------------- | -
|Non-accelerated
    filer   | ☐ | (Do not check if a smaller reporting company) | Smaller
    reporting company | ☒



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



The
aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at
which the common stock was last sold as of the last business day of the registrant’s most recently completed second fiscal
quarter was $557,974.



As
of February 25, 2016, there were 49,004,912 shares of common stock, par value $0.001 per share, outstanding.



















EXPLANATORY
NOTE



Ecoark
Holdings, Inc. (the “Company”) is filing this Amendment No. 1 (the “Amendment”) to our Annual Report on Form
10-K for the year ended December 31, 2015, filed on February 26, 2016 (the “Original 10-K”) to reflect certain changes
to Item 9A of Part II – Controls and Procedures. Item 9A including the conclusion of the Company’s principal executive
officer and principal financial officer regarding the effectiveness of the Company’s disclosure controls and procedures.
In accordance with applicable SEC rules and as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended,
this Amendment includes new certifications from our Principal Executive Officer and Principal Financial Officer dated as of the
date of filing of this Amendment.



No
changes havebeen made to the Original 10-K other than to Item 9A
of Part II and to the four certification exhibits. This Amendment speaks as of the date of the Original 10-K, does not reflect
events that may have occurred after the date of the Original 10-K and does not modify or update in any way thedisclosures
made in the Original 10-K, except as required to reflect the revisions discussed above. This Amendment should be read in conjunction
with the Original 10-K and with our filings with the SEC filed subsequent to the filing of the Original 10-K.












PART
II



Item 9A.   Controls and Procedures.



Evaluation
of Disclosure Controls and Procedures



We
maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) that are designed to ensure
that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to our management,
as appropriate, to allow timely decisions regarding required disclosure.



Pursuant
to Rule 13a-15(b) under the Exchange Act, the C carried out an evaluation, with the participation of the Company’s management,
including the Company’s Chief Executive Officer (“CEO”) (the Company’s principal executive officer) and
Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness
of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end
of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s
disclosure controls and procedures were not effective due to the material weaknesses in our internal control over financial reporting
identified below.



Management's
Annual Report on Internal Control Over Financial Reporting.



The
Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting.
Our internal control system is a process designed to provide reasonable assurance to management and to the Board regarding the
preparation and fair presentation of our published financial statements.



The
Company’s internal control over financial reporting includes policies and procedures that pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets; provide reasonable
assurances that transactions are recorded as necessary to permit preparation of our financial statements in accordance with U.S.
generally accepted accounting principles and that receipts and expenditures are being made only in accordance with authorizations
of management and our directors; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of our assets that could have a material effect on our financial statements.



Our
management assessed the effectiveness of our internal control over financial reporting as of December 31, 2015. In making this
assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission
(“COSO”) in Internal Control - Integrated Framework (2013). Based on our assessment, management identified
material weaknesses related to a lack of sufficient accounting staff which results in a lack of segregation of duties necessary
for a good system of internal control. Based on this evaluation, our management concluded that as of December 31, 2015, we did
not maintain effective internal control over financial reporting.



This
annual 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 as we are a smaller reporting company and not required to provide the report.



Changes
in Internal Controls over Financial Reporting



There
were no changes in our internal controls over financial reporting that occurred during the fourth quarter of the fiscal year ended
December 31, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial
reporting.





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PART
IV



Item 15.    Exhibits, Financial Statement Schedules.



|31.1 |  | Section
    302 Certification of Principal Executive Officer* 
|---- |  | --------------------------------------------------------------
|     |  |                                                               
|31.2 |  | Section
    302 Certification of Principal Financial Officer* 
|     |  |                                                               
|32.1 |  | Section
    906 Certification of Principal Executive Officer *
|     |  |                                                               



|32.1 |  | Section
    906 Certification of Principal Financial Officer*
|---- |  | -------------------------------------------------------------



2










SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) 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 on this 6th day of July, 2016.



| | Ecoark
    Holdings, Inc.
| | -------------------------
| |                          
| | By:                      
| |                          
| |                          



Pursuant
to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons
on behalf of theregistrantand in the capacities and on the dates indicated:



|Signature               |  | Title                                            |  | Date            
|----------------------- |  | ------------------------------------------------ |  | ----------------
|                        |  |                                                  |  |                 
|/s/
    Randy May       |  | Chief
    Executive Officer and Chairman         |  | July
    6, 2016
|Randy
    May           |  | (Principal
    Executive Officer)                |  |                 
|                        |  |                                                  |  |                 
|/s/
    Yash R. Puri    |  | Chief
    Financial Officer and Director         |  | July
    6, 2016
|Dr.
    Yash R. Puri    |  | (Principal
    Financial and Accounting Officer) |  |                 
|                        |  |                                                  |  |                 
|/s/
    Greg Landis     |  | Secretary
    and Director                       |  | July
    6, 2016
|Greg
    Landis         |  |                                                  |  |                 
|                        |  |                                                  |  |                 
|/s/
    Gary E. Metzger |  | Director                                         |  | July
    6, 2016
|Gary
    E. Metzger     |  |                                                  |  |                 







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