Form D Raw Data - Electronic Filing Depository

EFDID: 156009EFD: Raw Data

Issuer: Islet Sciences, Inc. (0001425919) - D

Accession: 0001354488-15-005729 () (EDGAR Files) (Form D)

Edgar Posted: Dec. 31, 2015
EFD Posted: Dec. 31, 2015

- < edgarSubmission >

< schemaVersion > X0707 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001425919 </ cik >

< entityName > Islet Sciences, Inc. </ entityName >

- < issuerAddress >

< street1 > 18340 YORBA LINDA BLVD. </ street1 >

< street2 > SUITE 107-245 </ street2 >

< city > YORBA LINDA </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > (866) 878-9695 </ issuerPhoneNumber >

< jurisdictionOfInc > NEVADA </ jurisdictionOfInc >

- < edgarPreviousNameList >

< previousName > Islet Sciences, Inc </ previousName >

< previousName > One E-Commerce Corp </ previousName >

< previousName > One e Commerce CORP </ previousName >

</ edgarPreviousNameList >

< entityType > Corporation </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Larry </ firstName >

< middleName > K. </ middleName >

< lastName > Ellingson </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chairman, Chief Executive Officer and President </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > John </ firstName >

< middleName > F. </ middleName >

< lastName > Steel </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Eugene </ firstName >

< middleName > M. </ middleName >

< lastName > Mannheimer </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Richard </ firstName >

< middleName > D. </ middleName >

< lastName > Pilnik </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Gary </ firstName >

< middleName > R. </ middleName >

< lastName > Keeling </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > James </ firstName >

< middleName > A. </ middleName >

< lastName > Harper </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > David </ firstName >

< middleName > E. </ middleName >

< lastName > Wilder </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 18340 Yorba Linda Blvd. </ street1 >

< street2 > Suite 107-245 </ street2 >

< city > Yorba Linda </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92886 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Biotechnology </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2015-12-18 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

< isOptionToAcquireType > true </ isOptionToAcquireType >

< isSecurityToBeAcquiredType > true </ isSecurityToBeAcquiredType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Cova Capital Partners, LLC </ recipientName >

< recipientCRDNumber > 109761 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 72 The Glen </ street1 >

< city > Glen Head </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11545 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > CO </ state >

< description > COLORADO </ description >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 1500000 </ totalOfferingAmount >

< totalAmountSold > 30000 </ totalAmountSold >

< totalRemaining > 1470000 </ totalRemaining >

< clarificationOfResponse />

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 1 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 165000 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Includes cash and value of warrants. Estimated amount listed assumes maximum aggregate amount of securities sold. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 112500 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

< clarificationOfResponse > Certain portions of the gross proceeds of the offering will be used to pay the salaries of officers and directors of the company. Estimated amount listed assumes maximum aggregate amount of securities sold. </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Islet Sciences, Inc. </ issuerName >

< signatureName > /s/ David E. Wilder </ signatureName >

< nameOfSigner > David E. Wilder </ nameOfSigner >

< signatureTitle > Chief Operating Officer and Chief Financial Officer </ signatureTitle >

< signatureDate > 2015-12-31 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >