UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


WASHINGTON,
DC 20549





FORM
10-Q/A


Amendment
No. 1








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




For
Quarter Ended March 31, 2010





OR





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 number  33-20432





KIWIBOX.COM,
INC.


Formerly
known as Magnitude Information Systems, Inc.


(Exact
Name of Registrant as Specified in its Charter)





Delaware
              
              75-2228828(State
      or other Jurisdiction of
                Incorporation
      or Organization)
              
              (IRS
      Employer Identification No.)




330 West 38 St. Suite
      1602 New York, NY 10018
              
              (212) 239-8210(Address
      of Principal Executive Office)  (Zip Code)
              
              (Registrant’s
      telephone number including area
code)




Indicate
by check mark whether the Registrant (1) has 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 xNo 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
definitions of “large accelerated filer”, “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act (Check
one):




Large
      accelerated filer o
            
            Accelerated
      filer o
            
            Non-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 oNo x









EXPLANATORY
NOTE





Kiwibox.Com,
Inc. (“Kiwibox” or “the Company”) is filing this Amendment No. 1 (the
“Amended Report”) to its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2010 that was originally filed with the United States Securities and
Exchange Commission (the “Commission”) on May 17, 2010 (our “Original Quarterly
Report”) for the purposes of (a) updating  Item 4T. Controls and
Procedures, and (b) revising the Certifications of the Company’s Chief Executive
Officer and Chief Financial Officer, which pursuant to Rule 12b-15 under the
Securities Exchange Act of 1934 (the “Exchange Act”) are currently
dated.  The remainder of the Original Quarterly Report filed with the
Commission on May 17, 2010, remains unchanged and this Amended Report should be
read in conjunction with the Original Quarterly Report.








Item 4T.
              Controls
      and Procedures




Evaluation
of Disclosure Controls and Procedures




The
Company’s Chief Executive Officer and Chief Financial Officer has evaluated the
effectiveness of the Company’s disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the fiscal period
ended March 31, 2010 covered by this Quarterly Report on Form 10-Q. Based upon
such evaluation, the Chief Executive Officer and Chief Financial Officer has
concluded that, as of the end of such period, the Company’s disclosure controls
and procedures were not effective as required under Rules 13a-15(e) and
15d-15(e) under the Exchange Act.




As of
March 31, 2010, management assessed, with the participation of the Chief
Executive Officer and Chief Financial Officer, the effectiveness of our internal
control over financial reporting based on the criteria set forth in Internal
Control – Integrated Framework for effective internal control over financial
reporting established in Internal Control--Integrated
Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission ("COSO") and SEC guidance on conducting such
assessments.  Based on that evaluation, they concluded that, during
the period covered by this report, such internal controls and procedures were
not effective as more fully described below.  Based on management’s
assessment over financial reporting, management believes as of March 31, 2010,
the Company’s internal control over financial reporting was not effective due to
the following deficiencies:





1. The
Company’s control environment did not have adequate segregation of duties and
lacked adequate accounting resources to address non routine and complex
transactions and financial reporting matters on a timely basis.





2. The
Company had only a part time chief financial officer performing all accounting
related duties on site, presenting the risk that the reporting of these non
routine and complex transactions during the preparation of our future financial
statements and disclosures may not be accomplished in a timely
manner.





Company
management believes that notwithstanding the above identified deficientces that
constitute our material weakness, that the financial statements fairly present,
in all material respects, the Company’s consolidated balance sheets as of March
31, 2010 and 2009 and the related statements of operations, stockholders’
equity, and cash flows for the quarters ended March 31, 2010 and 2009, in
conformity with generally accepted accounting principles.





Management’s Remediation
Initiatives




In an
effort to remediate the identified material weaknesses and other deficiencies
and enhance our internal controls, we have initiated, or plan to initiate, the
following series of measures:





- On May
1, 2010, we hired our Comptroller, an experienced certified public accountant,
to be our Chief Financial Officer;




2




- We will
supplement, where necessary, existing resources with additional qualified third
party consultants;





- We will
institute more stringent approval process for financial transactions,
and





- We will
perform additional procedures and analysis for significant transactions as a
mitigating control in the control environment due to segregation of duties
issues.





Changes
in Internal Controls over Financial Reporting




Other
than as stated above, during the quarter ended June 30, 2010, there have
been no changes in the Company’s internal control over financial reporting that
have materially affected, or is reasonably likely to materially affect, the
Company’s internal control over financial reporting.







ITEM 6.
EXHIBITS




Exhibit No.
            
            Description31.01A.
            
            Certification
      of Chief Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a) as
      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated
      November 10, 2010.31.02A.
            
            Certification
      of Chief Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a) as
      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated
      November 10, 2010.32.01A.
            
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002, dated November 10, 2010.






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SIGNATURES




Pursuant
to requirements 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.




Kiwibox.Com
      Inc.Date:
      November 10, 2010
                        By:
                        /s/
      Andre ScholzAndre
      ScholzChief
      Executive Officer(principal
      executive officer)Date:
      November 10, 2010
                        By:
                        /s/
      Craig CodyCraig
      CodyChief
      Financial Officer(principal
      financial and chief accounting
officer)









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