SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: O-7885
NOTIFICATION OF LATE FILING
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(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1997
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[ ] Transition Report on Form 10-K [ ] Transition Report on
Form 10-Q [ ] Transition Report on Form 20-F [ ] Transition
Report on Form N-SAR [ ] Transition Report on Form 11-K 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
Full name of registrant: Universal Security Instruments, Inc.
Former name if applicable _____________________________________________
10324 South Dolfield Road
Address of principal executive office (Street and number)
Owings Mills, Maryland 21117
City, State and Zip Code
Part II. RULE 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or
expenses and the registrant seeks relief pursuant to Rule 12b-25, the following
should be completed. (Check appropriate box).
[X] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
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[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20- F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th 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.
Part III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion could not be
filed within the prescribed time period. (Attached extra sheets if
needed.)
The registrant owns a 50% interest in a Hong Kong joint venture operating in the
People's Republic of China (the "Joint Venture"). The registrant is required to
include in its Quarterly Report on Form 10-Q financial information concerning
the Joint Venture in accordance with United States generally accepted accounting
principals. Such financial information has not yet been completed.
Part IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Harvey B. Grossblatt 410 363-3000
(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 report (s) been filed? If the
answer is no, identify report(s). [X] Yes [ ] No
(3) Is it anticipated that any significant change in results
of operation from the corresponding period for the last year will be reflected
by the earnings statements to be included in the subject report or portion
thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if applicable, state the reason why a
reasonable estimate of the results cannot be made.
UNIVERSAL SECURITY INSTRUMENTS, INC. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: February 13, 1998 By: /s/ Harvey B. Grossblatt
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Harvey B. Grossblatt
President
C43810A.198
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