Current Report Filing (8-k)
20 Marzo 2017 - 4:09AM
Edgar (US Regulatory)
United
States
Securities
and Exchange Commission
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
February
21, 2017
Date
of Report
(Date
of Earliest Event Reported)
PCS
EDVENTURES!.COM, INC.
(Exact
name of Registrant as specified in its Charter)
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IDAHO
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000-49990
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82-0475383
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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345
Bobwhite Court, Suite 200
Boise,
Idaho 83706
(Address
of Principal Executive Offices)
(208)
343-3110
(Registrant’s
Telephone Number, including area code)
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant
under any of the following provisions (see general instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting
material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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REFERENCES
References
in this Current Report to PCS Edventures!.com, Inc., refer to the Registrant and its subsidiaries, including the words “PCS”,
“PCSV”, “we”, “our”, “us” and words of similar import.
FORWARD-LOOKING
STATEMENTS
Except
for historical facts, all matters discussed in the Press Release attached to this Current Report, which are forward-looking, involve
a high degree of risk and uncertainty. Certain statements in this Press Release set forth management’s intentions, plans,
beliefs, expectations, or predictions of the future based on current facts and analyses. When we use the words “believe”,
“expect”, “anticipate”, “estimate”, “intend” or similar expressions, we intend
to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results
may differ materially from those indicated in such statements, due to a variety of factors, risks and uncertainties. Potential
risks and uncertainties include, but are not limited to, competitive pressures from other companies within the Educational Industries,
economic conditions in the Company’s primary markets, exchange rate fluctuation, reduced product demand, increased competition,
inability to produce required capacity, unavailability of financing, government action, weather conditions and other uncertainties,
including those detailed in the Company’s SEC filings. The Company assumes no duty to update forward-looking statements
to reflect events or circumstances after the date of such statements.
Item
2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On
January 6, 2017, the Company executed a Promissory Note in the amount of $80,025, with a lender. This Promissory Note was due
on February 20 2017, is non-convertible, has an interest rate of 20% per annum, and is secured by the T4EDU Purchase Order 000000741.
On February 20, 2017, this note went into default. The Company anticipates payment of this Promissory Note when funds are received
on the T4EDU Purchase Order 000000741.
On
June 8, 2016, the Company executed a Promissory Note with a lender who is the Company’s Chairman, CEO and largest shareholder,
in the amount of $1,292,679. This Promissory Note is due July 15, 2018, is non-convertible, has an interest rate of 10% per annum,
and is secured by all tangible and intangible assets of the company.
The
payment terms required consecutive monthly installments in the sum of $50,000 per month commencing January 15, 2017, and continuing
for 24 months, with the final principal and interest balance due July 15, 2018. The Company did not make the January 15, 2017,
February 15, 2017, or March 15, 2017, payments. The Company anticipates that it will not be able to fund any principle payments
for the foreseeable future.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed
on its behalf by the undersigned hereunto duly authorized.
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PCS EDVENTURES!.COM, INC.
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Dated:
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March 17, 2017
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By:
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/s/
Michael J Bledsoe
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Michael
J Bledsoe
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Vice
President
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PCS Edventures Com (PK) (USOTC:PCSV)
Gráfica de Acción Histórica
De Feb 2025 a Mar 2025
PCS Edventures Com (PK) (USOTC:PCSV)
Gráfica de Acción Histórica
De Mar 2024 a Mar 2025
