U.S. SECURITIES AND EXCHANGE
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING | SEC File Number |
| 0-13344 |
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| CUSIP Number |
(Check one): | 481278307 |
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[X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1995
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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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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:_________________________
N/A
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Part I - Registrant Information
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Full Name of Registrant Judicate, Inc.
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Former Name if Applicable______________________________________________
200 South Broad Street, Suite 800,
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Address of Principal Executive Office (Street and Number)
Philadelphia, PA 19102
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City, State and Zip Code
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Part II - Rules 12b-25(b) and (c)
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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.
[X] (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 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 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10K and Form 10-KSB, 20-F,
11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof
could not be filed within the prescribed period.
The Registrant was required to allocate accounting and other administrative
resources to a pending acquisition of the Registrant by ERD Waste Corp., the
financing for that acquisition, and obtaining necessary approvals for the
acquisition. As a result, the Registrant was delayed in furnishing financial and
other audit-related information to its auditors, with the further result that
its auditors have been unable to complete their field work and other audit
functions in sufficient time to file on the regularly scheduled filing date.
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Part IV - Other Information
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(1) name and telephone number of person to contact in regard to this
notification
Milton M. Adler 215 546-6200
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(Name) (Area Code) (Telephone Number)
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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 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.
The Registrant expects to report a net loss before provision for income
taxes of approximately $1,569,442 for the year ended December 31, 1995, versus
net income before provision for income taxes of $530,281 for the prior fiscal
year. The Registrant previously had reported a net "pre-tax" loss of $1,094,000
for the nine months ended September 30, 1995.
Judicate, 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: April 1, 1996 By: /s/ Milton M. Adler
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Milton M. Adler, Treasurer
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Form 12b-25
Part II
(c) See Exhibit A.
Part III
During 1995, the Registrant acquired a significant new business enterprise.
The completion of the various accounting and year-end closing matters related to
this newly acquired business, together with the completion of the independent
audit process related thereto, have taken longer than expected. This protracted
process is due to complexities often encountered in a new enterprise completing
its first year-end closing under circumstances involving a new owner and new
systems and procedures.
Part IV
As noted above, the Registrant acquired a new business enterprise in 1995.
This new business has contributed significantly to the Registrant's results for
the year. Revenues for 1995 are in excess of $7,250,000 and result in a profit
for the year, compared with revenues of $844,025 in 1994, which resulted in a
loss of $641,033.
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