------------------------
OMB APPROVAL
------------------------
OMB Number: 3235-0058
Expires: June 30, 1991
Average estimated burden
hours per response..2.50
------------------------
------------------------
SEC FILE NUMBER
0-23396
------------------------
------------------------
CUSIP NUMBER
------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): /x/ Form 10-KSB / / Form 20-F / / Form 11-K
/ / Form 10-QSB / / Form N-SAR
For Period Ended: June 30, 1999
/ / 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 Attached Instruction Sheet 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
Pacific Biometrics, Inc.
- ---------------------------------------------------------
Full Name of Registrant
- ---------------------------------------------------------
Former Name if Applicable
23120 Alicia Parkway
Suite 200
- ---------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Mission Viejo, CA 92692
- ---------------------------------------------------------
City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
/x/ (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
/x/ (b) The subject annual report, or semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR, 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 portion thereof, will be filed on or before the
fifth calendar day following the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
<PAGE>
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period. (Attach Extra Sheets if Needed)
The Company was delayed in preparation of its Annual Report on Form 10-KSB
due to reductions in administrative and accounting staff and, due to
financial constraints, the Company has not yet engaged accountants to
commence the year-end audit.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Peter B. Ludlum (949) 455-9724
-------------------------------------- ----------- ------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required 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 reports) been filed? If answer is no,
identify report(s). /x/ Yes / / No
(3) 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?
/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.
The Company's operating loss will be less than the loss incurred in the
corresponding period for the last fiscal year primarily due to decreases in
both Research & Development and General & Administrative expenditures,
partially offset by lower revenues. Due to staffing reductions, financial
constraints and finalization of other items of income and expense, a
complete report on results cannot be made at this time. Finalization of
other items of income and expense will probably result in the Company's net
loss being materially larger than the loss incurred in the corresponding
period for the last fiscal year due to asset value write-offs taken in the
third quarter as previously reported.
- --------------------------------------------------------------------------------
Pacific Biometrics, Inc.
---------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: September 28, 1999 By /s/ Peter B. Ludlum
------------------ -------------------
Peter B. Ludlum
Chief Financial Officer
