Verus International Inc (VRUS)

[shotsky]

Form S1 is filed by private companies before going public (IPO). It describes the business, and how the proceeds from the IPO are going to be used.
Since VRUS is already public, they may be involved in bringing a private company public, and in which they may have a vested interest.
If it's not that, it may be to modify their existing S1 to register sales of unregistered shares. I think this is what is happening, because we already know they are selling unregistered shares, and it takes an S1 to get them registered. That would be the Part II of the S1, described below.
Part II contains additional information that is not required in the prospectus.
Information found in Part II consists of:
Other expenses of Issuance and Distribution
Indemnification of Directors and Officers
Recent Sales of Unregistered Securities
Exhibits and Financial Statement Schedules
Undertakings