APPONLINE COM INC
NT 10-Q, 2000-05-15
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                             COMMISSION FILE NUMBER

                                  -------------
                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One): [  ] Form 10-KSB  [  ] Form 11-K   [  ] Form 20-F  [X] Form 10-Q
              --                --               --              --

For Period Ended:   March 31, 2000
                   ------------------

[   ] 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: _______________________

     NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSIONS HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.

     If the notification relates to a portion of the filing checked above,
identify the items(s) to which the notification relates:

                                     PART I
                             REGISTRANT INFORMATION

                               AppOnline.Com, Inc.
                   ------------------------------------------
                            Full Name of Registrant:


                   ------------------------------------------
                           Former Name if Applicable


                             520 Broad Hollow Road
                   ------------------------------------------
            Address of Principal Executive Office (Street and Number)

                            Melville, New York 11747
                   ------------------------------------------
                            City, State and Zip Code



<PAGE>



                                    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;

[ ]      (b)      The subject annual report, semi-annual report, transition
                  report on Form 10-K, Form 20- F, 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 of 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 the Form 10-K, 11-K, 20-F,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.

EXPLANATION:

           The Company is unable to file its Quarterly Report on Form 10-Q for
the quarter ended March 31, 2000 within the prescribed period due to ministerial
difficulties and without unreasonable effort or expense. Such difficulties
prevent the Company from filing its Report because the Company needs additional
time to compile and present certain information which it believes is integral to
the content of the Report. The Company fully expects to be able to file within
the additional time allowed by this report.


                                    PART IV
                               OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification

     Jay Kaplowitz                  (212)                    752-9700
     -------------                  -----                    --------
         (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 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 believes its results of operations for the quarter ended March
     31, 2000 will be significantly different from its results for the
     corresponding quarter for its last fiscal year. The Company believes that
     its earnings statements will, when completed, reflect this change but at
     present is unable to make a reasonable estimate of its results of
     operations for the quarter ended March 31, 2000.

<PAGE>





                              AppOnline.Com, Inc.
            --------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

             Has caused this notification to be signed on its behalf
                  by the undersigned hereunto duly authorized.

Date: May 15, 2000                 By: /s/ Edward Capuano
      --------------                   ---------------------------
                                       Name:  Edward Capuano
                                       Title: Chief Executive Officer


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).




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