Amesite Inc. Files 10-K Amendment

Ticker: AMST · Form: 10-K/A · Filed: Jan 2, 2025 · CIK: 1807166

Sentiment: neutral

Topics: amendment, 10-K, filing-update

TL;DR

Amesite filed an amendment to its 2024 10-K. Check for updates.

AI Summary

Amesite Inc. filed an amendment (Amendment No. 1) to its annual report on Form 10-K for the fiscal year ended June 30, 2024. The filing, dated January 2, 2025, provides updated information for the company, which is incorporated in Delaware and headquartered in Detroit, Michigan. The amendment does not specify the exact nature of the changes but is a required update to their previous filing.

Why It Matters

This filing indicates that Amesite Inc. is providing updated or corrected information to its annual report, which is crucial for investors to have the most accurate financial and operational data.

Risk Assessment

Risk Level: medium — Amendments to 10-K filings can sometimes indicate previously undisclosed issues or corrections, warranting closer scrutiny.

Key Numbers

Key Players & Entities

FAQ

What specific information was amended in the 10-K filing?

The provided text is the header information for the amendment and does not detail the specific changes made to the original 10-K filing.

What is the primary purpose of filing a 10-K/A?

A 10-K/A, or Amendment No. 1 to Form 10-K, is filed to amend or supplement information previously reported in a company's annual report on Form 10-K.

When was Amesite Inc.'s fiscal year that this amendment pertains to?

The fiscal year ended June 30, 2024.

Where is Amesite Inc. headquartered?

Amesite Inc.'s principal executive offices are located at 607 Shelby Street Suite 700 PMB 214, Detroit, MI 48226.

What is the Commission File Number for Amesite Inc.?

The Commission File Number for Amesite Inc. is 001-39553.

Filing Stats: 4,400 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2025-01-02 17:15:34

Key Financial Figures

Filing Documents

, Item 1A and Part II, Item 9A of the Original Form 10-K is hereby amended and restated as set forth below

Part I, Item 1A and Part II, Item 9A of the Original Form 10-K is hereby amended and restated as set forth below. This Amendment also includes the filing of new Exhibits 31.1, 31.2, and 32.1, certifications of our Chief Executive Officer and Principal Financial and Accounting Officer, pursuant to Rule 13a-14(a) and (b). Except as described above, no other changes were made to the Original 10-K. Among other things, forward-looking statements made in the Original Form 10-K have not been revised to reflect events that occurred or facts that became known to us after the filing of the Original Form 10-K, and such forward-looking statements should be read in their historical context. TABLE OF CONTENTS Page Part I 1 Item 1.

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 17 Item 2.

Properties

Properties 17 Item 3. Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 Part II 18 Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. [Reserved]. 18 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 23 Item 8. Financial F-1 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 24 Item 9A. Controls and Procedures 24 Item 9B. Other Information 25 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 25 Part III 26 Item 10. Directors, Executive Officers and Corporate Governance 26 Item 11. Executive Compensation 26 Item 12. Security 26 Item 13. Certain Relationships and Related Transactions, and Director Independence 26 Item 14. Principal Accountant Fees and Services 26 Part IV 27 Item 15. Exhibit and Financial Statement Schedules 27 Item 16. Form 10-K Summary 28

Signatures

Signatures 29 -i- CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains "forward-looking expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information we have when those statements are made or management's good faith belief as of that time with respect to future events, and are subject to a number of risks, and uncertainties and assumptions that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks are more fully described in the "Risk Factors" section of this Annual Report on Form 10-K. The following is a summary of such risks: our planned online machine learning platform's ability to enable universities and other clients to offer timely, improved popular courses and certification programs, without becoming software tech companies; our planned online machine learning platform's ability to result in opportunistic incremental revenue for colleges, universities and other clients, and improved ability to garner state funds due to increased retention and graduation rates through use of machine learning and natural language processing; our ability to continue as a going concern; our ability to obtain additional funds for our operations; our ability to obtain and maintain intellectual property protection for our

BUSINESS

ITEM 1. BUSINESS Overview Our mission is to empower people with AI tools. We have products in two sectors: higher education and healthcare. Higher education is presently challenged to offer useful, affordable professional development and workforce learning programs that generate revenue for them. Healthcare is presently challenged to integrate highly efficient, AI solutions into workflows in order to relieve the prodigious strain on services due to workforce shortages and high turnover. Amesite's AI-powered solutions aim to solve both of these problems. Artificial Intelligence is broadly transforming human work and learning. The emergence of large language models (LLMs) has resulted in reshaping of whole industries. We believe that all successful companies and organizations will have to successfully implement AI solutions in order to maintain excellence and competitiveness. While LLMs offer the promise of transformation, software solutions that successfully incorporate functions and features that are fit for purpose are essential. Scaled software platforms are often slow to integrate new technology, because they are burdened by the need to assure backward compatibility, and the inertial effects of large volumes of interlocking practices, from technology to sales to customer success. Small startups often lack the experience needed to create offerings that are both scalable and compliant with relevant regulations. We believe that Amesite is uniquely positioned to address these markets. We are both agile and experienced. We believe our team is perfectly sized and skilled to create processes that fit the present technology moment – rapidly – while still offering nearly 50 combined years of technology experience, and decades of additional experience on team in sales, marketing and finance. Our higher education platform, Amesite Engage, enables colleges and universities to offer courses and programs that build professional skills. Customers in higher education can

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