# EDGAR Filing Document

**Accession Number:** 0001467761
**File Stem:** 0000000000-23-001115
**Filing Date:** 2023-2
**Character Count:** 11197
**Document Hash:** e4d6e0a77c47aa3d815097af9fb022e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001115.hdr.sgml**: 20230418

**ACCESSION NUMBER**: 0000000000-23-001115

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230202

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MINIM, INC.
- **CENTRAL INDEX KEY:** 0001467761
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE & TELEGRAPH APPARATUS [3661]
- **IRS NUMBER:** 042621506
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 848 ELM STREET
- **CITY:** MANCHESTER
- **STATE:** NH
- **ZIP:** 03101
- **BUSINESS PHONE:** 833-966-4646

**MAIL ADDRESS:**
- **STREET 1:** 848 ELM STREET
- **CITY:** MANCHESTER
- **STATE:** NH
- **ZIP:** 03101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Zoom Telephonics, Inc.
- **DATE OF NAME CHANGE:** 20090707
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-008365

## Text-Extract

```

United States securities and exchange commission logo

                               February 2, 2023

       Dustin Tacker
       Chief Financial Officer
       Minim, Inc.
       848 Elm Street
       Manchester, NH 03101

                                                        Re: Minim, Inc.
                                                            Form 10-K/A for the
Year Ended December 31, 2021
                                                            Form 10-Q for the
Quarter Ended September 30, 2022
                                                            Form 8-K furnished
November 10, 2022
                                                            File No. 001-37649

       Dear Dustin Tacker:

              We have reviewed your January 11, 2023 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

            After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       December 21, 2022 letter.

       Form 10-K/A for the Year Ended December 31, 2021

       Item 9A. Controls and Procedures
       Management's Report on Internal Control over Financial Reporting, page
35

   1.                                                   We note your response
to prior comment 1. Please respond to us to explicitly state
                                                        whether your internal
controls over financial reporting are effective or not effective at
                                                        December 31, 2021, in
accordance with Item 308(a)(3) of Regulation S-K.
       Form 10-Q for the Quarter Ended September 30, 2022
       Item 4. Controls and Procedures, page 22

   2.                                                   We note your response
to prior comment 2, however we do not believe your response
 Dustin Tacker
FirstName
Minim, Inc.LastNameDustin Tacker
Comapany2,NameMinim,
February    2023      Inc.
February
Page 2 2, 2023 Page 2
FirstName LastName
         completely responds to our comment. It is not clear how you determined
your disclosure
         controls and procedures and internal controls over financial reporting
were effective at
         September 30, 2022, in light of the previously disclosed material
weaknesses. Please
         clearly explain to us the circumstances and changes that lead to
effective controls at
         September 30, 2022 despite the disclosure that remediation of your
material weaknesses
         has not yet been completed.
Form 8-K furnished November 10, 2022
Exhibit 99.1, page 7

3.       We note your response to prior comment 3 that the adjustment    GAAP
sales net to
         revenue bookings    in your Adjusted EBITDA measure is required in the
calculation of
         your debt covenants. However, we note that you currently do not
present or discuss your
         debt covenants in your MD&A section. We believe that in order to use
the exception in
         Item 10(e)(5) of Regulation S-K you would need to conclude that the
covenant was
         material enough to be required to be disclosed within your Form 10-K
such as within your
         MD&A section, and you would also need to include the disclosures
indicated in Question
         102.09 of the Non-GAAP Compliance and Disclosure Interpretations.
Please revise or
         advise accordingly.
4.       Your response to prior comment 6 indicates that you believe the events
are non-recurring
         as a result of the material weaknesses and related errors. However,
the inventory costing
         error corrected your inventory balances as of December 31, 2021 and
March 31, 2022, and
         presumably inventory costs going forward would be based on appropriate
inventory
         balances. We do not believe it would be appropriate to adjust the
margin or net income
         amounts to reflect what would have been the amount had the errors not
been corrected.
         Additionally, we continue to have concerns about the adjustment
related to the inventory
         reserves for one product. We continue to believe that this adjustment
is not consistent
         with the guidance in Question 100.01 of the Staff's C&DI on Non-GAAP
Financial
         Measures as we believe this type of inventory write-off or provision
represents normal
         charges incurred by businesses. Please revise to remove these
adjustments from your non-
         GAAP financial measures in future filings. We further note that you
may disclose the
         impact of the error and the inventory provision by separately
identifying and quantifying
         the amounts in footnote or other disclosure, without adjusting the
gross margin or net
         income measure. Please revise accordingly.
 Dustin Tacker
Minim, Inc.
February 2, 2023
Page 3

       You may contact Heather Clark at 202-551-3624 or Claire Erlanger at
202-551-3301 with
any questions.

FirstName LastNameDustin Tacker                         Sincerely,
Comapany NameMinim, Inc.
                                                        Division of Corporation
Finance
February 2, 2023 Page 3                                 Office of Manufacturing
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 2, 2023

Dustin Tacker  
Chief Financial Officer  
Minim, Inc.  
848 Elm Street  
Manchester, NH 03101

**Re: Minim, Inc.**

**Form 10-K/A for the Year Ended December 31, 2021**

**Form 10-Q for the Quarter Ended September 30, 2022**

**Form 8-K furnished November 10, 2022**

**File No. 001-37649**

Dear Dustin Tacker:

We have reviewed your January 11, 2023 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our December 21, 2022 letter.

Form 10-K/A for the Year Ended December 31, 2021

Item 9A. Controls and Procedures

Management's Report on Internal Control over Financial Reporting, page 35

1. We note your response to prior comment 1. Please respond to us to explicitly state whether your internal controls over financial reporting are effective or not effective at December 31, 2021, in accordance with Item 308(a)(3) of Regulation S-K.

Form 10-Q for the Quarter Ended September 30, 2022

Item 4. Controls and Procedures, page 22

2. We note your response to prior comment 2, however we do not believe your response

Dustin Tacker
Minim, Inc.
February 2, 2023
Page 2

completely responds to our comment. It is not clear how you determined your disclosure controls and procedures and internal controls over financial reporting were effective at September 30, 2022, in light of the previously disclosed material weaknesses. Please clearly explain to us the circumstances and changes that lead to effective controls at September 30, 2022 despite the disclosure that remediation of your material weaknesses has not yet been completed.

Form 8-K furnished November 10, 2022

Exhibit 99.1, page 7

3. We note your response to prior comment 3 that the adjustment “GAAP sales net to revenue bookings” in your Adjusted EBITDA measure is required in the calculation of your debt covenants. However, we note that you currently do not present or discuss your debt covenants in your MD&A section. We believe that in order to use the exception in Item 10(e)(5) of Regulation S-K you would need to conclude that the covenant was material enough to be required to be disclosed within your Form 10-K such as within your MD&A section, and you would also need to include the disclosures indicated in Question 102.09 of the Non-GAAP Compliance and Disclosure Interpretations. Please revise or advise accordingly.

4. Your response to prior comment 6 indicates that you believe the events are non-recurring as a result of the material weaknesses and related errors. However, the inventory costing error corrected your inventory balances as of December 31, 2021 and March 31, 2022, and presumably inventory costs going forward would be based on appropriate inventory balances. We do not believe it would be appropriate to adjust the margin or net income amounts to reflect what would have been the amount had the errors not been corrected. Additionally, we continue to have concerns about the adjustment related to the inventory reserves for one product. We continue to believe that this adjustment is not consistent with the guidance in Question 100.01 of the Staff’s C&DI on Non-GAAP Financial Measures as we believe this type of inventory write-off or provision represents normal charges incurred by businesses. Please revise to remove these adjustments from your non-GAAP financial measures in future filings. We further note that you may disclose the impact of the error and the inventory provision by separately identifying and quantifying the amounts in footnote or other disclosure, without adjusting the gross margin or net income measure. Please revise accordingly.

Dustin Tacker
Minim, Inc.
February 2, 2023
Page 3

You may contact Heather Clark at 202-551-3624 or Claire Erlanger at 202-551-3301 with any questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing