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nDivision Inc. – ‘S-1’ on 3/9/21 – ‘EX-5.1’

On:  Tuesday, 3/9/21, at 6:17am ET   ·   Accession #:  1477932-21-1313   ·   File #:  333-254022

Previous ‘S-1’:  ‘S-1/A’ on 9/2/16   ·   Next & Latest:  ‘S-1/A’ on 4/14/21   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/09/21  nDivision Inc.                    S-1                   78:4.7M                                   Discount Edgar/FA

Registration Statement (General Form)   —   Form S-1   —   SA’33
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML    804K 
 2: EX-5.1      Consent                                             HTML     22K 
 3: EX-10.1     Form of Subscription Agreement                      HTML     69K 
 4: EX-10.2     Form of Convertible Note                            HTML     84K 
 5: EX-23.1     Consent of Independent Registered Public            HTML     19K 
                Accounting Firm                                                  
12: R1          Cover                                               HTML     34K 
13: R2          Condensed Consolidated Balance Sheets               HTML    104K 
14: R3          Condensed Consolidated Balance Sheets               HTML     42K 
                (Parenthetical)                                                  
15: R4          Condensed Consolidated Statements of Operations     HTML     67K 
                (Unaudited)                                                      
16: R5          Condensed Consolidated Statements of Stockholders'  HTML     75K 
                Equity (Unaudited)                                               
17: R6          Condensed Consolidated Statements of Cash Flow      HTML    112K 
                (Unaudited)                                                      
18: R7          Description of Business                             HTML     28K 
19: R8          Liquidity and Going Concern                         HTML     27K 
20: R9          Summmary of Significant Accounting Policies         HTML     58K 
21: R10         Recent Accounting Pronouncements                    HTML     31K 
22: R11         Equipment and Software Licenses                     HTML     34K 
23: R12         Intangible Assets                                   HTML     32K 
24: R13         Accrued Liabilities                                 HTML     33K 
25: R14         Factoring Credit Facility                           HTML     25K 
26: R15         Finance Lease Obligations                           HTML     63K 
27: R16         Notes Payable                                       HTML     26K 
28: R17         Convertible Notes Payable                           HTML     23K 
29: R18         Stock Based Compensation                            HTML     59K 
30: R19         Common Stock                                        HTML     25K 
31: R20         Related Party Transactions                          HTML     24K 
32: R21         Significant Customer                                HTML     39K 
33: R22         Commitments                                         HTML     24K 
34: R23         Income Taxes                                        HTML     50K 
35: R24         Subsequent Events                                   HTML     24K 
36: R25         Summmary of Significant Accounting Policies         HTML     96K 
                (Policies)                                                       
37: R26         Equipment and Software Licenses (Tables)            HTML     32K 
38: R27         Intangible Assets (Tables)                          HTML     29K 
39: R28         Accrued Liabilities (Tables)                        HTML     32K 
40: R29         Finance Lease Obligations (Tables)                  HTML     55K 
41: R30         Notes Payable (Tables)                              HTML     23K 
42: R31         Stock Based Compensation (Tables)                   HTML     57K 
43: R32         Significant Customers (Tables)                      HTML     39K 
44: R33         Income Taxes (Tables)                               HTML     52K 
45: R34         Description of Business (Details Narrative)         HTML     64K 
46: R35         Liquidity and Going Concern (Details Narrative)     HTML     31K 
47: R36         Summmary of Significant Accounting Policies         HTML     44K 
                (Details Narrative)                                              
48: R37         Recent Accounting Pronouncements (Details           HTML     23K 
                Narrative)                                                       
49: R38         Equipment and Software Licenses (Details)           HTML     30K 
50: R39         Equipment and Software Licenses (Details            HTML     44K 
                Narrative)                                                       
51: R40         Intangible Assets (Details)                         HTML     29K 
52: R41         Intangible Assets (Details Narrative)               HTML     38K 
53: R42         Accrued Liabilities (Details)                       HTML     32K 
54: R43         Factoring Credit Facility (Details Narrative)       HTML     29K 
55: R44         Finance Lease Obligations (Details)                 HTML     42K 
56: R45         Finance Lease Obligations (Details 1)               HTML     24K 
57: R46         Finance Lease Obligations (Details 2)               HTML     36K 
58: R47         Finance Lease Obligations (Details 3)               HTML     31K 
59: R48         Finance Lease Obligations (Details Narrative)       HTML     39K 
60: R49         Note Payable (Details)                              HTML     32K 
61: R50         Notes Payable (Details Narrative)                   HTML     28K 
62: R51         Convertible Notes Payable (Details Narrative)       HTML     32K 
63: R52         Stock Based Compensation (Details)                  HTML     25K 
64: R53         Stock Based Compensation (Details 1)                HTML     48K 
65: R54         Stock Based Compensation (Details 2)                HTML     33K 
66: R55         Stock Based Compensation (Details Narrative)        HTML     54K 
67: R56         Common Stock (Details Narrative)                    HTML     42K 
68: R57         Commitments (Details Narrative)                     HTML     24K 
69: R58         Related Party Transactions (Details Narrative)      HTML     22K 
70: R59         Significant Customers (Details)                     HTML     34K 
71: R60         Income Taxes (Details)                              HTML     41K 
72: R61         Income Taxes (Details 1)                            HTML     34K 
73: R62         Income Taxes (Details 2)                            HTML     40K 
74: R63         Income Taxes (Details Narrative)                    HTML     27K 
75: R64         Subsequent Events (Details Narrative)               HTML     47K 
77: XML         IDEA XML File -- Filing Summary                      XML    139K 
76: EXCEL       IDEA Workbook of Financial Reports                  XLSX     92K 
 6: EX-101.INS  XBRL Instance -- ndvn-20200930                       XML   1.14M 
 9: EX-101.CAL  XBRL Calculations -- ndvn-20200930_cal               XML    144K 
11: EX-101.DEF  XBRL Definitions -- ndvn-20200930_def                XML    316K 
 8: EX-101.LAB  XBRL Labels -- ndvn-20200930_lab                     XML    779K 
10: EX-101.PRE  XBRL Presentations -- ndvn-20200930_pre              XML    647K 
 7: EX-101.SCH  XBRL Schema -- ndvn-20200930                         XSD    156K 
78: ZIP         XBRL Zipped Folder -- 0001477932-21-001313-xbrl      Zip    116K 


‘EX-5.1’   —   Consent


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 

EXHIBIT 5.1

 

nDivision Inc.

7301 N. State Highway 161

Suite 100

Irving, TX 75039

 

Re: Registration Statement on Form S-1

 

Ladies and Gentlemen:

 

We have acted as counsel to nDivision Inc., a Nevada corporation (the “Company”), in connection with the Company’s registration statement on Form S-1 (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”). The Registration Statement relates to the registration of 4,161,500 shares of common stock underlying convertible notes (the “Common Shares”).

 

We have reviewed the corporate proceedings of the Company with respect to the authorization of the issuance of the Common Shares. As counsel, we have also examined originals or copies of the Registration Statement and the exhibits thereto and such other documents, corporate records and other instruments as we have deemed necessary or appropriate for the purpose of this opinion. As to questions of fact material to this opinion, we have relied on certificates or comparable documents of public officials and of officers and representatives of the Company. In rendering the opinion expressed below, we have assumed the genuineness of all signatures, the conformity to the originals of all documents reviewed by us as copies, the authenticity and completeness of all original documents reviewed by us in original or copy form and the legal competence of each individual executing any document.

 

Based upon and subject to the foregoing, we are of the opinion that the Common Shares underlying convertible notes that have been issued and sold by the Company are duly authorized, validly issued, fully paid and nonassessable, and that the Common Shares underlying the convertible notes will have been duly authorized, and when delivered and paid for, will be validly issued, fully paid and nonassessable.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to this firm under the heading “Legal Matters” in the Prospectus included in the Registration Statement. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder. In rendering the opinions set forth above, we are opining only as to the specific legal issues expressly set forth therein, and no opinion shall be inferred as to any other matter or matters.

 

The opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the prospectus which forms a part thereof, other than as to the due authorization and validity of the Common Shares. In addition, we acknowledge and understand that this opinion letter may also be relied upon by ClearTrust, LLC. This opinion letter is limited to the specific legal matters expressly set forth herein and is limited to present statutes, regulations and administrative and judicial interpretations. We assume no obligation to revise or supplement this opinion in the event of future changes in such laws or regulations.

 

  Very truly yours,

     

Ward and Smith, P.A.

        
By: /s/ Ward and Smith, P.A.

 

 

Ward and Smith, P.A.  

 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/14/22  nDivision Inc.                    10-K       12/31/21   77:4.7M                                   Discount Edgar/FA
 4/14/21  nDivision Inc.                    S-1/A                 70:3.2M                                   Discount Edgar/FA
 3/30/21  nDivision Inc.                    10-K       12/31/20   72:3.2M                                   Discount Edgar/FA


2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/25/19  nDivision Inc.                    8-K:5,7,9  10/22/19    7:431K                                   Discount Edgar/FA
 7/08/16  nDivision Inc.                    S-1                    7:1.9M                                   Pubco Reporting … Inc/FA
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Filing Submission 0001477932-21-001313   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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