Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - Amerinac Holding Corp.Financial_Report.xls
EX-31.2 - CERTIFICATION - Amerinac Holding Corp.ex31two.htm
EX-31.1 - CERTIFICATION - Amerinac Holding Corp.ex31one.htm
EX-32.1 - CERTIFICATION - Amerinac Holding Corp.ex32one.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q/A

 

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended: September 30, 2012

 

or

 

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT OF 1934

 

For the transition period from ___________ to ______________

 

Commission File No. 000-30185

 

PRECISION AEROSPACE COMPONENTS, INC.

(Exact Name of Small Business Issuer as Specified in Its Charter)

     
Delaware   20-4763096

(State or Other Jurisdiction of

Incorporation or Organization)

 

(IRS Employer

Identification No.)

 

2200 Arthur Kill Road

Staten Island, New York 10309-1202

(Address of Principal Executive Offices)

 

(718)-356-1500

(Issuer’s Telephone Number, including Area Code)

 

(Former Name or Former Address, if Changed Since Last Report)

 

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 [X] 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 Regulations 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 [X] No [ ]

 

Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

  Large Accelerated Filer [  ]   Accelerated Filer [  ]
  Non-Accelerated Filer   [  ]  (Do not check if a smaller reporting company)   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 [  ] No [X]

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.   NA

 

Number of shares outstanding of the registrant’s common stock, as of November 2, 2012: 4,009,349

 

 
 

 

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AMENDMENT NO. 1 TO THE QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED SEPTEMBER 30, 2012

 

EXPLANATORY NOTE

 

The purpose of this Amendment No. 1 to our Quarterly Report on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on November 14, 2012 is to furnish Exhibits 101 to the Form 10-Q as required by Rule 405 of Regulation S-T within the grace period provided by “SECURITIES EXCHANGE ACT OF 1934 Release No. 68224 / November 14, 2012”, releasing “ORDER UNDER SECTION 17A AND SECTION 36 OF THE SECURITIES EXCHANGE ACT OF 1934 GRANTING EXEMPTIONS FROM SPECIFIED PROVISIONS OF THE EXCHANGE ACT AND CERTAIN RULES THEREUNDER”.

The Company was not able to have its XBRL financials prepared in time to meet the 10-Q filing deadline of November 14, 2012 due to Hurricane Sandy and its aftermath which caused power outages and disrupted the operations of the Company and its advisors. The Company was able to file the previously total requirements of the form 10-Q but could not provide the financial information to its resource for the XBRL preparation with enough lead time to enable that portion of the filing to be included with the Company’s 10-Q.

No changes have been made to the Quarterly Report other than the furnishing of the XBRL Exhibits 101.INS, 101.SCH, 101.CAL, 101.DEF, 101.LAB and 101.PRE. This Amendment No. 1 to Form 10-Q does not reflect subsequent events occurring after the original filing date of the Form 10-Q or modify or update in any way disclosures made in the Form 10-Q, as amended.

 

In addition, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as a result of this Amended Report, the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished, respectively as exhibits to the Original Report have been re-executed and re-filed as of the date of this Amended Report and are included as exhibits hereto.

 

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The following exhibits are included herein:

     
Exhibit No.     Exhibit
     
31.1   Certification of Chief Executive Officer of the Company required by Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
     
31.2   Certification of Chief Financial Officer of the Company required by Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
     
32.1   Certification of Chief Executive Officer and Chief Financial Officer of the Company required by Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended
     
101. INS   XBRL Instance Document (1)
   
101.SCH   XBRL Taxonomy Extension Schema (1)
     
101.CAL   XBRL Taxonomy Extension Calculation (1)
     
101.DEF   XBRL Extension Definition (1)
     
101.LAB   XBRL Taxonomy Extension Label (1)
     
101.PRE   XBRL Taxonomy Extension Presentation (1)

 

  

(1) Attached as Exhibit 101 to this Quarterly Report on Form 10-QA for the quarterly period ended September 30, 2012 are the following materials formatted in XBRL (Extensible Business Reporting Language) (i) the Condensed Consolidated Statements of Income, (ii) the Condensed Consolidated Balance Sheets, (iii) the Condensed Consolidated Statements of Cash Flows, and (iv) Notes to Condensed Consolidated Financial Statements.

 

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

       
  Dated:  November 19, 2012 PRECISION AEROSPACE COMPONENTS, INC.  
       
   

 

/s/ Andrew S. Prince

 
       Andrew S. Prince    
       President and Chief Executive Officer    
                               
                               

 

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