<SEC-DOCUMENT>0001654954-22-006763.txt : 20220923
<SEC-HEADER>0001654954-22-006763.hdr.sgml : 20220923
<ACCEPTANCE-DATETIME>20220513162128
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001654954-22-006763
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Onfolio Holdings, Inc
		CENTRAL INDEX KEY:			0001825452
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1007 NORTH ORANGE STREET 4TH FLOOR
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801
		BUSINESS PHONE:		(682) 990-6920

	MAIL ADDRESS:	
		STREET 1:		1007 NORTH ORANGE STREET 4TH FLOOR
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Onfolio Holdings Inc
		DATE OF NAME CHANGE:	20200923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Onfolio Holdings, Inc.
		DATE OF NAME CHANGE:	20200921
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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Onfolio Holdings Inc.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
May 13, 2022</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 28px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Office
of Financial Technology</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Division of Corporation Finance</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
United States Securities and Exchange Commission</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
100 F Street, N.E.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Washington, D.C. &#xA0;20549</font></div>
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Attn:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Claire
DeLabar, Senior Staff Accountant</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Robert
Littlepage, Accounting Branch Chief</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Kyle
Wiley, Staff Attorney</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Jeff
Kauten, Staff Attorney</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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Re:</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Onfolio Holdings Inc.</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Amendment No. 1 to Registration Statement on Form S-1</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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Filed April 26, 2022</font></div>
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`</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
File No. 333-264191</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Dear Staff Members:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
At the request of the U.S. Securities and Exchange Commission (the
&#x201C;Commission&#x201D;),</font> Onfolio Holdings Inc.
<font style="color: #000000">(the &#x201C;Company&#x201D;) is
providing this letter in response to the comments made in the
Commission&#x2019;s letter dated</font> May 10, 2022 regarding the
Company&#x2019;s Form S-1/A filed April 26, 2022<font style="color: #000000">. Your comments and the Company&#x2019;s responses
are set forth below. Capitalized terms not otherwise defined herein
shall have the meanings given to such terms in the Company&#x2019;s
Form S-1/A2 filed with the Commission concurrently with this
letter.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 279px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Form S-1/A filed April 26, 2022</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 2px; text-indent: -48px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Financial Statements</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 2px; text-indent: -48px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Consolidated Statements of Operations, page F-4</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 1px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">1.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Please revise to
state separately the cost of products sold and cost of services for
the periods presented pursuant to Rule 5-03(b)(2) of Regulation
S-X.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 2px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Response:</font> We have revised our disclosures
accordingly.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Office
of Financial Technology</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Division of Corporation Finance</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
United States Securities and Exchange Commission</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
May 13, 2022</font></div>
<div id="pn" style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Page</font>&#xA0;2</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 2px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Note 2 - Summary of Significant Accounting Policies, page
F-7</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table; margin-left: 1px">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">2.&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Please expand the
accounting policy disclosure to include your accounting policy for
cost of product revenues and cost of services.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Response:</font> We have revised our disclosures in Note 2
accordingly.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Sincerely,</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline; color: #000000">
/s/</font><font style="text-decoration: underline">Dominic
Wells</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Dominic
Wells<font style="color: #000000">,</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Executive Officer,</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Onfolio Holdings Inc</font>.</font></div>
<br>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
cc:</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
David M. Bovi, P.A.</font></div>
</td>
</tr><tr>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">EF&#xA0;Hutton,&#xA0;division&#xA0;of&#xA0;Benchmark&#xA0;Investments,&#xA0;LLC</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Carmel,&#xA0;Milazzo&#xA0;&amp;&#xA0;Feil&#xA0;LLP</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">BF
Borgers CPA PC</font></div>
</td>
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</div>
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