UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0058
Washington, D.C. 20549 Expires: May 31, 1997
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FORM 12b-25 SEC FILE NUMBER
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NOTIFICATION OF LATE FILING CUSIP NUMBER
422214-60-1
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(Check One): [X]Form 10-K __ Form 20-F __ Form 11-K __ Form 10-Q __ Form N-SAR
For Period Ended: June 30, 1999
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[ ] 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: ________________________________
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READ INSTRUCTION (ON BACK PAGE) 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.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
HealthWatch, Inc.
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Full Name of Registrant
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Former Name if Applicable
9040 Roswell Road, Suite 470
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Address of Principal Executive Office (Street and Number)
Atlanta, Georgia 30350
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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)
| (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 or Form N-SAR, or portion thereof, will
[X] | 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 fifteenth 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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
REGISTRANT REQUIRES ADDITIONAL TIME TO COMPLETE ITS AUDIT FOR THE YEAR ENDED
JUNE 30, 1999 BECAUSE OF A CHANGE OF AUDITORS. ADDITIONALLY, THE AUDIT IS
AWAITING THE COMPLETION OF THE TWO-YEAR AUDIT OF A SUBSIDIARY, MERAD SOFTWARE,
INC. (F/K/A PAUL HARRISON ENTERPRISES, INC.), WHICH WAS ACQUIRED BY THE
REGISTRANT IN OCTOBER 1998. REGISTRANT WILL FILE SUCH REPORT ON OR BEFORE
OCTOBER 13, 1999.
(ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (6/94)
<PAGE>
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Brian L. Schleicher 770 667-2216
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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 answer is no,
identify report(s). /X/ Yes /__/ No
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(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? /__/ Yes /X/ No
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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.
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HealthWatch, 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
hereunto duly authorized.
Date September 28, 1999 By: /s/ Paul W. Harrison
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Chief Executive Officer
(Principal Financial and
Accounting 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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TAUBER & BALSER, P.C.
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ACCOUNTANTS AND CONSULTANTS Tower Place, Suite 250
3340 Peachtree Road, N.E.
Atlanta, Georgia 30326-1026
(404) 261-7200 - FAX (404) 261-9481
September 28, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We have been newly appointed auditors for the Company and have not been able to
complete the audit for the year-ended June 30, 1999 in time for the Company to
file its form 10-KSB by September 28, 1999 without unreasonable effort and
expense on behalf of the Company. We are awaiting the completion of an audit
being conducted by the predecessor auditor of the Company with regard to a two-
year audit of a subsidiary of the Company, MERAD Software, Inc. (f/k/a Paul
Harrison Enterprises, Inc.) which was acquired by the Company in October 1998.
We expect to complete our audit and render our opinion in time for the Company
to file its form 10-KSB on or before October 13, 1999.
Sincerely
Tauber & Balser, P.C.
By: /s/ J. Marc Welch
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J. Marc Welch, CPA
