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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
of
FORM 10-QSB
For Period Ended: June 30, 1998
DIAPULSE CORPORATION OF AMERICA
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(Name of Registrant)
321 East Shore Road, Great Neck, NY 11023
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(Address of Principal Executive Office)
132-3
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(Commission File Number)
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Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
Page 1 of 3
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Part II
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 reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
|X| (b) The subject quarterly report on Form 10-QSB will be filed on or
before the five calendar days following the prescribed due date;
|_| (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III
State below in reasonable detail the reasons why Form 10-QSB could not be
filed within the prescribed period.
There have been delays in completing the 10-KSB for the year ended
December 31, 1997, which the Company expects to have resolved very
shortly. As a result of the delays, the Company has been delayed in
closing its books for the second quarter of 1998.
As a result of the foregoing, the Company's Quarterly Report on Form
10-QSB for the quarter ended June 30, 1998, cannot be completed and timely
filed without unreasonable effort or expense.
Page 2 of 3
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Part IV
(1) Name and telephone number of person to contact in regard to this
notification.
Jesse Ross (516) 466-3030
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(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 twelve months or
for such shorter period that the registrant was required to file
such report(s) been filed? If the answer is no, identify such
reports.
Yes |_| No |X|
As described above, The Company has not yet files its Form 10-KSB for the year
ended December 31, 1997. It expects to file Form 10-KSB shortly.
(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? If so, attached 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.
Yes |X| No |_|
The Company expects its results of operations for the first quarter of
fiscal 1998 to be significantly less profitable that the first quarter of
1997. Sales are significantly less, which will result in lower gross
margins and lower earnings.
DIAPULSE CORPORTION OF AMERICA has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Date: May 14, 1998, By: /s/ Jesse Ross
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Name: Jesse Ross
Title: Chairman of the Board
and President
