SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number: 000-08835
(Check one)
|X| Form 10-K and Form 10-KSB | | Form 11-K
| | Form 20-F | | Form 10-Q and Form 10-QSB | | Form N-SAR
For the period ended September 30, 1998
| | Transition Report on Form 10-K and Form 10-KSB
| | Transition Report on Form 20-F
| | Transition Report on Form 11-K
| | Transition Report on Form 10-Q and Form 10-QSB
| | Transition Report on Form N-SAR
For the transition period ended ____________
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 notification relates: ___________________________
PART I
REGISTRANT INFORMATION
Full name of registrant: Taurus Entertainment Companies, Inc.
Address of principal
executive office: 16770 Hedgecroft
City, State and Zip Code: Houston, Texas 77060
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PART II
RULE 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 appropriate box.)
|X| (a) The reasons described in detail in Part III of this form could not
be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report
of Forms 10-K, 10-KSB, 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, 10-QSB, 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. Not Applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period.
The Registrant's Annual Report on Form 10-KSB could not be filed within the
prescribed time period because the Company has not been able to complete the
disclosure and the bookkeeping for the financial statements required to be
included in the Form 10-KSB in order for the Form 10-KSB to be filed in a timely
manner. One of the Company's facilities suffered fire damage in December, 1998,
and as a result, a significant portion of management's efforts have been
directed to addressing that situation. The Company believes that it has
adequate insurance for the property damage and for business interruption losses.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Eric Langan (281) 820-1181
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(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 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.
Explanation for Form 12b-25 Part IV Item (3): The Company anticipates that
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its results of operations for the year ended September 30 1998 will reflect the
following approximate values:
1. Revenues of $3,394,783 in fiscal 1998 compared to revenues of $1,760,386
in fiscal 1997.
2. Operating expenses of $3,732,022 in fiscal 1998 compared to operating
revenues of $1,670,525 in fiscal 1997.
3. A loss from operations of $(337,239) in fiscal 1998 compared to a gain
from operations of $89,861 in fiscal 1997.
4. Interest expense of $156,238 in fiscal 1998 compared to interest expense
of $130,569 in fiscal 1997.
5. A loss before income taxes and extraordinary item of $(493,477) compared
to a loss before income taxes and extraordinary item of $(40,708) in fiscal
1997.
6. An income tax benefit of $(8,390) for fiscal 1998 compared to an income
tax expense of $49,340 for fiscal 1997.
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7. A net loss before extraordinary item of $(485,087) in fiscal 1998
compared to a net loss of $(90,048) in fiscal 1997.
8. An extraordinary loss (fire damage loss) of $(135,377) in fiscal 1998.
9. A net loss of $(620,464) in fiscal 1998 compared to a net loss of
$(90,048) in fiscal 1997.
The fiscal year 1998 represents the Company's entry and first full year of
operations in the adult entertainment business and the expansion of its scope of
operations in that business.
Exhibits
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None.
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Taurus Entertainment Companies, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date December 28, 1998. By:/s/ Eric Langan
Eric Langan
Chairman of the Board and President
