**SECURITIES AND EXCHANGE COMMISSION**

 

**Washington,********DC********20549**

** **

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**FORM********10-Q**

**Amendment No. 1**

** **

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

** **

**For********the********quarterly********period********ended********June********30,********2017********Or**

|   | **□** | **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********0-26083**

 

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** **

 

 

**PRISM********TECHNOLOGIES********GROUP,********INC.**

 

(Exact name of Registrant as specified in its charter)

 

| **Delaware**                    | **94-3220749**         |
|---------------------------------|------------------------|
| (State or other jurisdiction of | (IRS Employer          |
| incorporation or organization)  | Identification Number) |

 

**101 Parkshore Drive, Suite 100 Folsom, CA 95630**

 

(Address of principal executive offices)

 

**(916) 932-2860**

 

(Registrant’s telephone number, including area code)

 

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Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Sections 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 ☒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 for such shorter period that the registrant was required to submit and post such files).

Yes ☒No

 

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 definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

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

     

If an emerging growth company, indicate by check mark 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. ☐

 

The aggregate market value of registrant’s voting and non-voting common equity held by non-affiliates of registrant, based upon the closing sale price of the common stock as of the last business day of registrant’s most recently completed second fiscal quarter (June 30, 2017), as reported on the Nasdaq Capital Market, was approximately $2,503,000. Registrant is a smaller reporting company as defined in Regulation S-K. Shares of common stock held by each officer, director and holder of 5% or more of the outstanding common stock have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

 

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).

Yes ☐No ☒

 

The number of outstanding shares of the Registrant’s Common Stock, par value $0.001 per share, on June 30, 2017 were 10,073,688 shares.

 

 

 

 

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Explanatory Note

 

Prism Technologies Group, Inc. (“PTG”") is filing this Amendment No. 1 on Form 10-Q/A (this "Amendment") to amend its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017, as originally filed with the Securities and Exchange Commission (“SEC”) on August 21, 2017 (the "Original 10-Q"). This Amendment amends Part II, Item 6 of the Original 10-Q to include currently dated certifications from the Company's Chief Executive Officer and Chief Financial Officer, as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002. The required certifications were inadvertently omitted from the Original 10-Q.

 

Except for the amendment described above, this Amendment does not amend or otherwise update any other information in the Original10-Q. This Amendment is not intended to, nor does it, reflect events occurring after the filing of the Original 10-Q, and does not modify or update the disclosures therein in any way other than as required to reflect the changes described above. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time the Original 10-Q was filed. Therefore, this Amendment should be read in conjunction with any documents incorporated by reference herein and the Company's other filings made with the SEC subsequent to the filing of the Original 10-Q.

 

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| **ITEM 6.** | **EXHIBITS** |
|-------------|--------------|

 

|   | **Exhibit**

**Number** |    | **Description of Document**                                                                                    |
|--------|-------------------------|--------------|----------------------------------------------------------------------------------------------------------------|
|   | 31.1                    |    | Certification of Chief Executive Officer, pursuant to Exchange Act Rule 13a-14(a).                        |
|   |                    |         |                                                                                                           |
|   | 31.2                    |    | Certification of Chief Financial Officer, pursuant to Exchange Act Rule 13a-14(a).                        |
|   |                    |         |                                                                                                           |
|   | 32                      |    | Certification of Chief Executive Officer and Chief Financial Officer, pursuant to 18 U.S.C. Section 1350. |
|   |                    |         |                                                                                                           |
|   | 101.INS*                |         | XBRL Instance                                                                                                  |
|   |                    |         |                                                                                                           |
|   | 101.SCH*                |         | XBRL Taxonomy Extension Schema                                                                                 |
|   |                    |         |                                                                                                           |
|   | 101.CAL*                |         | XBRL Taxonomy Extension Calculation                                                                            |
|   |                    |         |                                                                                                           |
|   | 101.DEF*                |         | XBRL Taxonomy Extension Definition                                                                             |
|   |                    |         |                                                                                                           |
|   | 101.LAB*                |         | XBRL Taxonomy Extension Labels                                                                                 |
|   |                    |         |                                                                                                           |
|   | 101.PRE*                |         | XBRL Taxonomy Extension Presentation                                                                           |

 

* XBRL information is furnished and not filed or a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 

** **

**SIGNATURE**

 

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

| Dated: November 1, 2017 | **PRISM TECHNOLOGIES GROUP, INC. **             |
|------------------------------|------------------------------------------------------|
|                    | **(Registrant)**                                     |
|                    |                                            |
|                    | **/s/ STEVEN J. YASUDA**                             |
|                    | Steven J. Yasuda                                     |
|                    | Chief Financial Officer and Chief Accounting Officer |