<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-16176
FORM 10-KSB CUSIP NUMBER
043742 30 3
For Period Ended: September 30, 1997
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
ASHA CORPORATION
-----------------------
Full Name of Registrant
Not Applicable
-------------------------
Former Name if Applicable
600 C Ward Drive
--------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Santa Barbara, California 93111
-------------------------------
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, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] 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 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.
The Company's securities counsel has been required to devote a substantial
portion of his time to another matter, and has been unable to assist in
drafting the Form 10-KSB so that it can be filed by the current due date.
<PAGE>
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Jon D. Sawyer 303/893-2300
------------- -----------------------------
(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
(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
EXPLANATION OF THE ANTICIPATED CHANGE:
The Company expects to report a net loss of approximately $2,700,000 for the
fiscal year ended September 30, 1997, as compared to a net loss of $1,812,322
in the prior year. The increased net loss is due to a combination of lower
revenues from licenses, increases in interest expenses and an increase in
expense associated with the Company's investment in the ASHA-Taisun Joint
Venture.
- ------------------------------------------------------------------------------
ASHA CORPORATION
-------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
ASHA CORPORATION
By/s/ John C. McCormack
John C. McCormack, President
Date: December 29, 1997
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]
