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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): [X]FORM 10-KSB [ ]FORM 20-F [ ]FORM 11-K [ ]FORM 10-Q [ ]FORM N-SAR
FOR PERIOD ENDED: SEPTEMBER 30, 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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| 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
DCX, INC.
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Full Name of Registrant
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Former Name if Applicable
3002 NO. ST. HWY 83
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Address of Principal Executive Office (STREET AND NUMBER)
FRANKTOWN, CO 80116-0569
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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
[X] | 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, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED)
The Company is awaiting finalization of certain data and information which
will not be completed prior to the due date for the Form 10-K.
(ATTACH EXTRA SHEETS IF NEEDED)
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
FREDERICK G. BEISSER 303 688-6070
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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 reports) 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?
/ 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.
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DCX, 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: December 28, 1995 By: FREDERICK G. BEISSER
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FREDERICK G. BEISSER, CFO
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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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.
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DCX, Inc.
ESTIMATED
CONSOLIDATED STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>
For Year Ended September 30, 1995 1994
<S> <C> <C>
Revenue $2,181,340 $1,031,594
Cost of Sales 1,789,124 977,637
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Gross Profit 392,216 54,957
Operating Expenses:
General & Administrative 1,335,231 803,890
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Loss on Operations (943,015) (748,933)
Other Income 15,437 21,575
Other Expenses 437,264 44,138
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Net Loss $(1,364,841) $(771,497)
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Weighted average number of
shares outstanding 3,969,464 3,328,133
Net Loss per share $0.34 $0.23
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</TABLE>
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Narrative required by Form 12b-25, Part IV, Para (3):
Following explanation of operating results for the twelve months ended
September 30, 1995 is based on accompanying estimated consolidated results of
operations for fiscal year 1995. Because estimated are used, the numbers and
results may change.
Revenue of $2,181,340 increased 111 percent over the prior year as the
Company began production on contracts in its backlog.
While cost of sales increased $811,500 over the prior year, cost of sales
decreased as a percent of revenue from 94.7 percent in the prior year to 82
percent in this fiscal year concurrent with the increase in production
volume. As a result, gross profit moved from $54,957 last year to $392,216 in
the current year.
General and administrative expenses increased by $531,300 over last year's
total of $803,890 to $1,335,231 for the current year. The increase was driven
by recognition of $330,000 in bad debt expense resulting primarily from a
negotiated final settlement on the two terminated contracts with Defense
Logistics Agency, the write off of $130,394 of inventories of a U.S.
subsidiary caused by refocusing of the Company's GIS operations for which the
inventory no longer remained useful, and an increase in consulting expenses
of $73,182.
Other expenses increased by $393,126 over the previous year. The increase was
caused by the write off of $287,529 of costs related to the Company's
Argentine subsidiary which the Company closed as it refocused GIS activities
to cadastral mapping in the United States and by $79,354 of increased
interest over the prior year.
Net loss amounted to $1,364,841 or $0.34 per share for the current fiscal
year as compared to $771,497 or $0.23 per share for the prior year.
