U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q/A

(Amendment No. 1)

 

QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the quarterly period ended June 30, 2022

 

 

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission file number: 000-1922981

 

DILIGENT CAPITAL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Florida

 

88-0954889

(State or Other Jurisdiction of

 

(I.R.S. Employer

Incorporation or Organization)

 

Identification No.)

 

302 Perimeter Center N

Atlanta, Georgia

 

30346

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (404) 941-5527

 

N/A

(Former name, former address and former fiscal year, if changed since last report) 

 

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 every Interactive Data File required to be submitted 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 such files). Yes ☒ No ☐

   

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

 

Large accelerated filer

Accelerated filer

Non-accelerated Filer

Smaller reporting company

 

 

Emerging growth company

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No ☐

 

As of June 30, 2022, the issuer had 1,000,000 shares of its common stock issued and outstanding.

 

 

 

  

TABLE OF CONTENTS

  

Item 1.

Financial Statements

 

3

 

 

 

 

 

 

 

Notes to Financial Statements

 

F-5

 

 

 

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operation.

 

4

 

 

 

 

 

 

Exhibits

 

9

 

 

 

 

 

 

Signatures

 

10

 

 

 

2

Table of Contents

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

DILIGENT CAPITAL HOLDINGS, INC.

 

FINANCIAL STATEMENTS

(Unaudited)

 

FOR THE THREE MONTHS ENDED JUNE 30, 2022

 

Contents

 

FINANCIAL STATEMENTS

 

PAGE

 

 

 

 

 

Balance Sheet as of June 30, 2022.

 

 

F-1

 

 

 

 

 

 

Statement of Operations for the three months period ended June 30, 2022.

 

F-2

 

 

 

 

 

 

Statement of Cash Flows for the three months period ended June 30, 2022.

 

F-3

 

 

 

 

 

 

Statement of Changes in Stockholder’s Equity (Deficit) for the period from inception (February 21, 2022) through June 30, 2022.

 

 

F-4

 

 

 

3

Table of Contents

 

DILIGENT CAPITAL HOLDINGS, INC. 

Balance Sheets

 

 

 

As of

June 30,

2022

(Unaudited)

 

 

As of

December 31,

2021

 

ASSETS

 

Current Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$84

 

 

$0

 

 

 

 

 

 

 

 

 

 

Total Current Assets

 

 

84

 

 

 

0

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

$84

 

 

$0

 

 

 

 

 

 

 

 

 

 

LIABILITIES & STOCKHOLDER’S EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

Total Current Liabilities

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

 

Stockholder’s Equity (Deficit) Preferred stock, ($0.0001 par value, 20,000,000 shares authorized; none issued and outstanding.)

 

$0

 

 

 

0

 

Common stock ($0.0001 par value, 180,000,000 shares authorized; 1,000,000 shares issued and outstanding as of June 30, 2022)

 

 

25

 

 

 

0

 

 

 

 

 

 

 

 

 

 

Paid in Capital

 

 

75

 

 

 

0

 

Accumulated Deficit

 

 

(16

)

 

 

0

 

Total Stockholder’s Equity (Deficit)

 

 

84

 

 

 

0

 

TOTAL LIABILITIES & STOCKHOLDER’S EQUITY (DEFICIT)

 

$84

 

 

$0

 

 

See Notes to Financial Statements

These Notes are Integral to these Financial Statements

 

 
F-1

Table of Contents

  

DILIGENT CAPITAL HOLDINGS, INC.

 Statements of Operations

(Unaudited)

 

 

 

Three Months

Ended

June 30,

2022

 

 

Three Months

Ended

June 30,

2021

 

 

Six Months

Ended

June 30,

2022

 

 

For The Period From Inception (February 21, 2022 to June 30, 2022)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$-

 

 

 

 

 

 

$-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Revenues

 

 

-

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General & Administrative Expenses

 

 

16

 

 

 

 

 

 

 

16

 

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total General & Administrative Expenses

 

 

16

 

 

 

-

 

 

 

16

 

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings (Loss)

 

$(16)

 

 

 

 

 

$(16)

 

 

(16)

Basic loss per share

 

 

(0.00)

 

 

(0.00)

 

 

(0.00)

 

 

(0.00)

Weighted average number of common shares outstanding

 

 

1,000,000

 

 

 

 

 

 

 

1,000,000

 

 

 

1,000,000

 

 

See Notes to Financial Statements

These Notes are Integral to these Financial Statements

 

 
F-2

Table of Contents

 

DILIGENT CAPITAL HOLDINGS, INC. 

Statement of Cash Flows

(Unaudited)

 

 

 

 Six Months

Ending

June 30, 2021

(Unaudited)

 

 

Six Months

Ended

June 30, 2022

(Unaudited)

 

 

 

 

 

 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (loss)

 

$0

 

 

$(16 )

 

 

 

 

 

 

 

 

 

Changes in assets and liabilities

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

 

0

 

 

 

(16 )

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) investing activities

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of Common Stock

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Increase in Shareholder loans

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Capital in Excess of Par

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) financing activities

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash

 

 

0

 

 

 

(16 )

 

 

 

 

 

 

 

 

 

Cash at beginning of period

 

 

0

 

 

 

100

 

 

 

 

 

 

 

 

 

 

Cash at end of period

 

 

0

 

 

 

84

 

 

 

 

 

 

 

 

 

 

NONCASH INVESTING AND FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest paid

 

 

0

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Income taxes paid

 

 

0

 

 

 

-

 

 

 See Notes to Financial Statements

These Notes are Integral to these Financial Statements

 

 
F-3

Table of Contents

 

DILIGENT CAPITAL HOLDINGS, INC.

Statement of Changes in Stockholder’s Equity (Deficit)

From March 31, 2022 through June 30, 2022

  

 

 

Common stock Shares

 

 

Common stock

Amount

 

 

Additional

Paid-in 

Capital

 

 

Deficit 

Accumulated 

 

 

Total

 

Balance As Of February 21, 2022 (inception) Issuance of Common Stock

 

 

1,000,000

 

 

$25

 

 

$75

 

 

 

-

 

 

$100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance As Of March 31, 2022

 

 

1,000,000

 

 

$25

 

 

$75

 

 

 

-

 

 

$100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(16)

 

 

(16)

 

Balance As Of June 30, 2022

 

 

1,000,000

 

 

$25

 

 

$75

 

 

 

(16)

 

84

 

 

 
F-4

Table of Contents

  

DILIGENT CAPITAL HOLDINGS, INC.

 Notes to Financial Statements

Three Months Ended June 30, 2022

(Unaudited)

 

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

 

DILIGENT CAPITAL HOLDINGS, INC. (the “Company”) was incorporated under the laws of the State of Florida on February 21, 2022 and has been inactive since inception. The Company’s current address is: 302 Perimeter Center N. #1260, Atlanta, GA 30346. The Company intends to serve as a vehicle to effect a merger or acquisition, or similar business combination with an entity actively engaged in business which generates revenues. The Company will not restrict its potential candidate Target Businesses to any specific business, industry or geographical location and, thus, may acquire any type of business in any geographical location.

 

The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities, without incurring any liabilities that must be satisfied in cash, until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

 

The results for the three months ended June 30, 2022 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Registration Statement dated July 27,2022, filed with the Securities and Exchange Commission.

 

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2022 and for the related periods presented.

 

NOTE 2. GOING CONCERN 

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company currently has no business or recurring income which raises substantial doubt about its ability to continue as a going concern.

 

The ability to continue as a going concern is dependent upon the Company’s ability to merger with or acquire profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. There is no assurance that this series of events will be satisfactorily completed.

 

 
F-5

Table of Contents

  

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

Accounting

 

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America. The Company has elected a fiscal year ending on December 31.

 

Use of Estimates

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Cash Equivalents

 

The Company considers all highly liquid investments, with maturity of three months or less when purchased, to be cash equivalents.

 

Income Taxes

 

Income taxes are provided in accordance with current accounting requirements. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will be not realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred income tax expenses or benefits are reflected in the financial statements due to the Company not being in operations prior to February 21, 2022. Generally, all periods since inception are open to tax examination by taxing authorities.

 

Impact of New Accounting Standards

 

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow, except for the expected change in financial reporting for development stage companies. A recent FASB proposal will reduce the complexity of reporting for these companies by eliminating the “inception to date” information.

 

Accounting Standard update 2014-10 issued in June 2014, removes the financial reporting distinction between development stage companies and other reporting entities. The Amendment is for public business entities is effective with an annual reporting period beginning after December 15, 2014. Early implementation was available to the company and it has elected early implementation.

 

 
F-6

Table of Contents

  

NOTE 4. RELATED PARTY TRANSACTIONS

 

SX Capital Management, LLC (SX), the Company’s sole shareholder (its original incorporator), has paid all expenses incurred by the Company, which includes resident agent fees, basic state and local fees, audit fees and taxes, and expenses related to the formation of the Company and the professional fees and expenses associated with the preparation and filing of the Company’s registration of its Common Stock on Form 10. On a going forward basis, SX has committed to funding all expenses incurred by the Company through the date of completion of a business combination. Therefore, the Company will be obligated to SX for such expenses until the consummation of a transaction. These payments for expenses are advances and the terms of repayment to SX are not fixed. The Company is indebted to SX in the amount of $2,750 related to such expenses as of June 30, 2022.

 

We utilize the office space and equipment of our stockholder at no cost. Management estimates such amounts to be immaterial.

 

Steven Mitcham, the Company’s chief executive officer and Chairman is also a managing partner of SX, the Company’s sole shareholder.

 

NOTE 5. STOCKHOLDER’S EQUITY

 

Upon formation, the Board of Directors issued 1,000,000 shares of common stock for $100 to open the Company’s bank account. 

 

The stockholders’ equity section of the Company contains the following classes of capital stock as of June 30, 2022:

 

 

Common stock, $ 0.0001 par value: 180,000,000 shares authorized; 1,000,000 shares issued and outstanding

 

 

 

 

Preferred stock, $ 0.0001 par value: 20,000,000 shares authorized; none issued and outstanding. Rights and Provisions of said preferred shares will be determined at a later date; prior to issuance.

  

NOTE 6. SUBSEQUENT EVENTS

 

The Company evaluated subsequent events from June 30, 2022 through the date these financial statements were issued and has noted no subsequent events after June 30, 2022 for which disclosure is required.

 

 
F-7

Table of Contents

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation.

 

PLAN OF OPERATION

 

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire or merge with a Target Business. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict our potential candidate Target Businesses to any specific business, industry or geographical location and, thus, may acquire any type of business.

 

The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with additional capital contributed by SX, our sole stockholder.

 

During the next 12 months, we anticipate incurring costs related to:

 

 

(i)

filing of Exchange Act reports, and

 

(ii)

investigating, analyzing and consummating an acquisition.

 

We anticipate that these costs may be in the range of ten to fifteen thousand dollars, and that we will be able to meet these costs as necessary, to be loaned to or invested in us by our sole stockholder, SX. We anticipate allocating the entire amount towards the filing of Exchange Act reports. The foregoing notwithstanding, SX has not committed to a maximum amount of financial contribution to the Company.

 

The Company, does not intend to but, may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

 

 
4

Table of Contents

 

SX is continually in discussion with various entities who are considering mergers and acquisition, however, our management has not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any Target Business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks. 

 

Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing, and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

 

 We anticipate that the consummation of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital that we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

 

Revenues

 

For the three months ended June 30, 2022 revenues were $0. This was attributable to having been formed on February 21, 2022 and the Company’s business plan.

 

Cost of Revenue

 

For the three months ended June 30, 2022 Cost of Revenues were $0. This was attributable to having been formed on February 21, 2022 and the Company’s business plan.

 

Cash Flow

 

Cash at the end of the three month period ended June 30, 2022 was $84. A $16 decrease from the previous period February 21, 2022 (inception) to March 31, 2022. This was attributable to bank charges.

 

 
5

Table of Contents

 

Officer Compensation

 

Officer Compensation was $0 for the three months ended June 30, 2022.

 

Professional Fees

 

Professional Fees were $0 for the three months ended June 30, 2022.

 

Selling, General and Administrative Expenses

 

Selling, General and Administrative Expenses were $0 for the three months ended June 30, 2022.

 

Other Expense

 

Other Expense were $0 for the three months ended June 30, 2022.

 

Net Loss

 

Net Loss for the three months ended June 30, 2022 was $16.00.

 

Liquidity and Capital Resources

 

The following table summarizes total current assets, liabilities and working capital at June 30, 2022.

 

 

 

June 30,

2022

 

Current Assets

 

$84

 

Current Liabilities

 

$0

 

Working Capital (Deficit)

 

$84

 

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

 

We have not utilized any derivative financial instruments such as futures contracts, options and swaps, forward foreign exchange contracts or interest rate swaps and futures. We believe that adequate controls are in place to monitor any hedging activities. We do not have any borrowings and, consequently, we are not affected by changes in market interest rates. We do not currently have any sales or own assets and operate facilities in countries outside the United States and, consequently, we are not effected by foreign currency fluctuations or exchange rate changes. Overall, we believe that our exposure to interest rate risk and foreign currency exchange rate changes is not material to our financial condition or results of operations.

 

 
6

Table of Contents

  

 Our Auditors Have Raised Substantial Doubts as to Our Ability to Continue as a Going Concern

 

Our financial statements have been prepared assuming we will continue as a going concern. The Company has experienced recurring losses from operations which have not caused a deficit as of June 30, 2022.

 

The ability of the Company to continue its operations as a going concern is dependent on management’s plans, which include the raising of capital through debt and/or equity markets with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements.

 

The Company will require additional funding to finance the growth of its current and expected future operations as well as to achieve its strategic objectives. The Company believes its current available cash along with anticipated revenues may be insufficient to meet its cash needs for the near future. There can be no assurance that financing will be available in amounts or terms acceptable to the Company, if at all. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Off-Balance Sheet Arrangements.

 

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

 

Item 4. Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures.

 

We maintain “disclosure controls and procedures” (as defined in Rules  13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), that are designed to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

   

 
7

Table of Contents

 

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

None.

 

Item 1A. Risk Factors

 

As of the date of this Report, there have been no material changes from the risk factors previously disclosed in the Company’s (i) most recent Form 10 filing as filed with the SEC 10-12G/A on July 27, 2022.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

As of June 30, 2022, we have issued no additional equity securities in any form to anyone inside or outside the Company.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

Item 5. Other Information.

 

None. 

 

[Intentionally Left Blank]

 

 

8

 

 

Item 6. Exhibits.

 

 

 

 

Incorporated by reference

 

Exhibit

 

Exhibit Description

 

Filed

herewith

 

Form

 

Period

ending

 

Exhibit

 

Filing

date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31

 

Certification of the Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32

 

Certification of the Principal Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.INS*

 

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.SCH*

 

Inline XBRL Taxonomy Extension Schema Document

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.CAL*

 

Inline XBRL Taxonomy Extension Calculation Linkbase Document

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.LAB*

 

Inline XBRL Taxonomy Extension Label Document

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.PRE*

 

Inline XBRL Taxonomy Extension Presentation Linkbase Document

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.DEF*

 

Inline XBRL Taxonomy Extension Linkbase Definition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

104

 

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

 

 

 

 

 

 

 

 

 

 

_______ 

* In accordance with Regulation S-T, the XBRL-related information on Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” herewith and not “filed.”

 

 
9

Table of Contents

 

SIGNATURES

 

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

 

DILIGENT CAPITAL HOLDINGS, INC.

 

 

 

 

Dated: August 17, 2022

By: 

/s/ Steven D. Mitcham

 

 

 

Steven D. Mitcham

 

 

 

CEO

 

 

 

(Principal Executive Officer)

 

 

 
10

 


diligent_ex31.htm

 

EXHIBIT 31

 

DILIGENT CAPITAL HOLDINGS, INC.

OFFICER’S CERTIFICATE PURSUANT TO SECTION 302

 

I, Steven Mitcham, the Principal Executive Officer of DILIGENT CAPITAL HOLDINGS, INC., certify that:

 

1.

I have reviewed this Form 10-Q/A of DILIGENT CAPITAL HOLDINGS, INC.;

 

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

 

4.

The registrant’s other certifying officer and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

 

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

 

c.

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

 

 

d.

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer and I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

 

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

 

 

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Dated: August 17, 2022

 

 

 

By:

/s/ Steven D. Mitcham

 

STEVEN D. MITCHAM

 

 

CEO

 

 

(Principal Executive Officer)

 

 


diligent_ex32.htm

 

EXHIBIT 32

 

DILIGENT CAPITAL HOLDINGS, INC.

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

 

In connection with the quarterly report of DILIGENT CAPITAL HOLDINGS, INC. (the Company) on Form 10-Q/A for the period ended June 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Steven Mitcham, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss.1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

 

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

A signed original of this written statement required by Section 906 has been provided to Steven Mitcham and will be retained by DILIGENT CAPITAL HOLDINGS, INC. and furnished to the Securities and Exchange Commission or its staff upon request.

 

Dated: August 17, 2022

 

 

 

By:

/s/ Steven D. Mitcham

 

Steven D. Mitcham

 

 

CEO

 

 

(Principal Executive Officer)

 

 


diligent-20220630.xsd
Attachment: XBRL TAXONOMY EXTENSION SCHEMA


diligent-20220630_lab.xml
Attachment: XBRL TAXONOMY EXTENSION LABEL LINKBASE


diligent-20220630_cal.xml
Attachment: XBRL TAXONOMY EXTENSION CALCULATION LINKBASE


diligent-20220630_pre.xml
Attachment: XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE


diligent-20220630_def.xml
Attachment: XBRL TAXONOMY EXTENSION DEFINITION LINKBASE