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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number 015501
(Check one)
[x] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [ ] 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 and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For the transition period ended
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Read Attached Instruction Sheet 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.
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
Full name of Registrant BIKERS DREAM, INC.
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Former name if applicable
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Address of principal executive office (Street and Number) 1420 Village Way
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City, State and Zip Code Santa Ana, California 92705
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PART II
RULE 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 appropriate box.)
[x] (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 Forms 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the 15th calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form 10-Q,
10-QSB, 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 Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attached extra sheets if needed.)
See attached.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
William R. Gresher (714) 835-8464
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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)
or 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:
See attached.
BIKERS DREAM, 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: March 28, 1996 By: * /s/ WRG
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William R. Gresher
Chief Financial Officer
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PART III
NARRATIVE - ATTACHMENT
The Company is unable to file its Form 10-KSB by the required due date
because Coopers & Lybrand L.L.P. is unable to furnish their opinion by that
date as certain evidential matter which is significant to disclosure in the
financial statements for the year ended December 31, 1995 could not be
obtained prior to the filing date without unreasonable effort or expense.
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PART IV
OTHER INFORMATION - ATTACHMENT TO (3)
The Company expects to report a significant loss for the fiscal year ended
December 31, 1995, as compared to the same period in 1994 as a result of an
increase in start up costs associated with opening of new Company-owned
Superstores, increased legal and accounting fees, costs associated with a
recent reverse acquisition and with being a public company, the write off of
the deferred tax asset, and the acquisition of two former franchises.
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[COOPERS & LYBRAND LETTERHEAD]
March 29, 1996
Bikers Dream, Inc.
1420 Village Way
Santa Ana, CA 92705
Dear Gentlemen:
This is to confirm the statements made by you in Form 12b-25, request for
extension to file Form 10-KSB for the year ended December 31, 1995. We are
awaiting the receipt from third parties of certain evidential matter that the
Company has informed us will be available during the extension period to provide
an opinion on the audited financial statements of the Company for the year
ended December 31, 1995.
Very truly yours,
/s/ COOPERS & LYBRAND L.L.P.
