SEC Filing Summary: Form 8-K
Business Context and Reporting Period
Company: Integrated Management Information, Inc. (Note: Metadata lists "Where Food Comes From, Inc.", but the filing text identifies the registrant as Integrated Management Information, Inc.)
Reporting Date: December 15, 2006
Event Date: November 9, 2006 to December 15, 2006
Item Reported: Unregistered Sales of Equity Securities (Item 3.02)
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to a specific equity transaction:
- Shares Sold: 905,768 shares of common stock
- Average Price: $0.63 per share
- Net Proceeds: $571,460
- Commissions: None paid
- Use of Proceeds: General working capital and growth initiatives
Material Changes
The filing reports a material change in the company's capital structure through the issuance of unregistered equity securities to six investors. This transaction was conducted pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933.
Guidance, Outlook, and Risks
Management Commentary: Management indicated that proceeds will support general working capital needs and growth initiatives.
Guidance: The filing text does not provide specific forward-looking guidance or financial projections.
Risks: No specific risks or contingencies were detailed in this report beyond the standard disclosure of unregistered sales.
Investor Verification Checklist
- Verify the correct registrant name (Integrated Management Information, Inc. vs. metadata listing).
- Confirm the total number of outstanding shares post-transaction to assess dilution.
- Review subsequent filings to determine if the "growth initiatives" mentioned were executed.
- Check for any related party transactions among the six investors.