- Notification that Annual Report will be submitted late (NT 10-K)
01 12월 2009 - 7:18AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
|
SEC
FILE NUMBER
000-50140
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|
|
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CUSIP
NUMBER
00087F
10 2
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(
Check One
):
x
Form 10-K
¨
Form
20-F
¨
Form 11-K
¨
Form
10-Q
¨
Form 10-D
¨
Form
N-SAR
¨
Form N-CSR
For
Period Ended:
August 31,
2009
¨
Transition Report on
Form 10-K
¨
Transition Report on
Form 20-F
¨
Transition Report on
Form 11-K
¨
Transition Report on
Form 10-Q
¨
Transition Report on
Form N-SAR
For the
Transition Period Ended:
Read
Instruction (on back page) Before Preparing Form. Please Print or
Type.
Nothing
in this form shall be construed to imply that the Commission has verified any
information contained herein.
If the
notification relates to a portion of the filing checked above, identify the
Item(s) to which the notification relates:
PART
I—REGISTRANT INFORMATION
SheerVision,
Inc.
Full Name
of Registrant
Former
Name if Applicable
4030
Palos Verdes Drive N., Suite 104
Address
of Principal Executive Office (Street and Number)
Rolling
Hills, CA 90274
City,
State and Zip Code
PART
II—RULES 12B-25(b) AND (c)
If the
subject report could not be filed without unreasonable effort and expense and
the registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
x
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(a)
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The
reason described in reasonable detail in Part III of this form could not
be eliminated without unreasonable effort or expense
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x
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K,
Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will be
filed on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form 10-Q or
subject distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due
date; and
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25 has been
attached if applicable.
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PART
III—NARRATIVE
State
below, in reasonable detail, the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D,
N-SAR or N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed period.
(Attach
extra Sheets if Needed)
The
financial statements necessary to file the Form 10-K in a timely fashion are not
completed, and the Registrant cannot do so in a timely manner without
unreasonable burden and expense.
PART
IV—OTHER INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this
notification
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Suzanne Lewsadder
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(310)
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265-8918
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
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Have
all other periodic reports under section 13 or 15(d) of the Securities
Exchange Act of 1934 or section 30 of the Investment Company Act of 1940
during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If
the answer is no, identify report(s).
x
Yes
¨
No
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(3)
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Is
it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof?
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x
Yes
¨
No
If so,
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
See
Attachment A.
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SheerVision, Inc.
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(Name
of Registrant as specified in charter)
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has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
Date
November 30, 2009
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By
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/s/ Suzanne Lewsadder
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Name:
Suzanne Lewsadder
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Title: Chief
Executive Officer
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INSTRUCTION
: The
form may be signed by an executive officer of the registrant or by any other
duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative’s authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See
18 U.S.C. 1001).
Attachment
A
SheerVision,
Inc. (“
we
” or “
us”
) anticipates that it will
report significant changes in its results of operations for the year ended
August 31, 2009 as compared to the prior fiscal year.
Based on
information available to us at this time, net sales decreased from approximately
$4.4 million for the year ended August 31, 2008 to approximately $3.6
million for the year ended August 31, 2009, gross profit decreased from
approximately $2.8 million for the year ended August 31, 2008 to approximately
$2.2 million for the year ended August 31, 2009, operating expenses decreased
from approximately $2.9 million in the year ended August 31, 2008 to
approximately $2.4 million in the year ended August 31, 2009 and other expenses
decreased from approximately $0.05 million for the year ended August 31, 2008 to
other income of approximately $0.1 million for the year ended August 31,
2009, resulting in a decrease of net loss of approximately $0.2
million for the year ended August 31, 2008 to approximately $0.1 million for the
year ended August 31, 2009.
The decrease in net sales in the year
ended August 31, 2009 was principally due to a decrease during the third and
fourth quarters of 2009 in purchase orders from our largest distributor so
as to reduce its inventory levels for items that were not selling as well as
originally projected. The decrease in gross profits was attributable mainly due
to a reduction in average unit sales price as well as a reduction in overall
purchase orders from our largest distributor. The decrease in operating expenses
was attributable principally to the decline in legal costs associated with the
legal settlement that occurred in fiscal year 2008 and the decrease in salary
payments as a result of the departure of our former President and
Secretary.
The
foregoing is qualified in its entirety by reference to our audited financial
statements for the year ended August 31, 2009 to be filed in our Annual Report
on Form 10-K for the year ended August 31, 2009.
SheerVision (CE) (USOTC:SVSO)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
SheerVision (CE) (USOTC:SVSO)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024