Item 8.01 Other Information
As previously reported in the Current Report on Form 8-K filed by Logicquest
Technology, Inc. (the "Company") on March 31, 2020 (the "Prior Form 8-K"), the
Company's operations have experienced disruptions due to the COVID-19
coronavirus outbreak. As reported in the Prior Form 8-K, the Company relied on
an order issued by the Securities and Exchange Commission (the "SEC") on March
25, 2020 (which extended and superseded a prior order issued on March 4, 2020),
pursuant to Section 36 of the Securities Exchange Act of 1934, as amended
(Release No. 34-88465)(the "Order"), in order to extend the original due date of
the Company's Annual Report on Form 10-K for the year ended December 31, 2019
(the "Annual Report") for up to an additional 45 days, due to the Company's
inability to timely file such report due to COVID-19.
The Company is filing this Current Report on Form 8-K to once again avail itself
of the filing extension provided for by the Order. Specifically, the Company is
relying on the Order to obtain an extension of the filing date of its Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020 (the "Quarterly
Report"), originally due on May 15, 2020.
The Company's operations and business have experienced disruptions due to the
unprecedented conditions surrounding the COVID-19 pandemic spreading throughout
the United States and the world. These disruptions include, but are not limited
to: office closures and the unavailability of key Company personnel required to
prepare the Company's financial statements for the quarter ended March 31, 2020,
due to suggested, and mandated, social quarantining and work from home orders.
New Jersey in particular, where the Company's office is located, is one of the
states which has been hardest hit by COVID-19 and as such it has put in place
"stay at home" orders which have been effective since March 21, 2020, and which
have yet to be lifted. Due to travel restrictions and such "stay-at-home"
orders, the Company's staff has been delayed in preparing the Quarterly Report.
The Company has also been delayed in preparing the Quarterly Report due to
delays in obtaining information from third parties who have similarly been
unavailable and/or have not had sufficient time to complete the items requested.
As such, the Company will be relying on the Order and will be making use of the
45-day grace period provided by the Order to delay filing of its Quarterly
Report. The Company plans to file the Quarterly Report by no later than June 29,
2020, 45 days after the original due date of its Quarterly Report.
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