mobilepro_8k-080609.htm
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
Date of
Report: August 6,
2009
MOBILEPRO
CORP.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
(State
of Incorporation)
|
000-51010
(Commission
File Number )
|
87-0419571
(IRS
Employer Identification No.)
|
401
Professional Drive, Suite 128
Gaithersburg, MD
20879
(Address
of principal executive offices) (Zip Code)
(301)
571-3476
(Registrant's
telephone number)
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01. Other Events.
As previously disclosed, MobilePro
Corp. (the “Company”) is a defendant in the civil case docket no. BER-L-1510-08
captioned Harborside Investments III, LLC vs. MobilePro Corp. and Neoreach,
Inc., vs. JTA Leasing Co., LLC. filed in the Superior Court of New Jersey Law
Division in Bergen County, New Jersey. The litigation involves claims
of breach of agreement and unjust enrichment arising out of an equipment lease
agreement for wireless equipment and seeks damages in the amount of
approximately $1.3 million (the “Harborside Litigation”).
The Harborside Litigation was scheduled
for a bench trial in July, 2009 after which the judge entered a ruling granting
judgment against the Company in the amount of $1,187,452 (the “Harborside
Judgment”). The Company has previously recorded the net liability for
the estimated principal balance relating to this capital lease obligation and
the related accrued interest in the approximate amount of
$873,600. Accordingly, the Company has recorded an additional
liability in the amount of $313,820 at June 30, 2009.
The Company does not have sufficient
funds available to satisfy the Harborside Judgment. As a result, the Company
could be forced to cease operations and/or be required to seek protection under
federal bankruptcy laws to protect the interests of its secured creditor and
other stakeholders.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
|
|
MOBILEPRO
CORP.
|
|
|
|
|
|
|
|
Date: August
6, 2009
|
By:
|
/s/
Jay O. Wright
|
|
|
|
|
Jay
O. Wright
Chief
Executive Officer
Mobilepro
Corp.
|
|
3