UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ---------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0058
Expires: May 31, 1997
FORM 12b-25 Estimated average burden
hours per response. . .2.50
NOTIFICATION OF LATE FILING ---------------------------
(Check One): X Form 10-K === Form 20-F SEC FILE NUMBER
=== Form 11-K === Form 10-Q === Form N-SAR
001-10287
For Period Ended: January 31, 1997
[ ] Transition Report on Form 10-K CUSIP NUMBER
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K 416172104
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: --------------------------------
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.
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
LIFSCHULTZ INDUSTRIES, INC.
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Full Name of Registrant
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HART TECHNOLOGIES, INC.
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Former Name if Applicable
641 WEST 59TH STREET
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Address of Principal Executive Office (Street and Number)
NEW YORK, NEW YORK 10019
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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 of 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
[X] 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 Forms 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).
Additional time was necessary to complete the Registrant's audit, which
delayed completion of the Registrant's financial statements and
accompanying Annual Report to Shareholders to be attached as Exhibit 13
to the Registrant's 1999 Form 10-KSB.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Rob M. Alston (801) 521-3200
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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 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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LIFSCHULTZ INDUSTRIES, 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: November 1, 1999 By
-------------------
Dennis R. Hunter, President
Attachment
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The Company's total revenues rose from $15,651,000 in fiscal 1998 to
$16,254,000 in fiscal 1999, an increase of 4%. The company currently
estimates its consolidated net revenues for fiscal 1999 will increase
to $1,862,000 from $1,033,000 in fiscal 1998. The increase is due
largely to the recognition in fiscal 1999 of a deferred tax asset
to be utilized in future periods. The Company currently estimates that
its consolidated net rvenues before income tax and
extraordinary items to increase from $1,137,000 in fiscal 1998
to $1,231,000 in fiscal 1999, an increase of approximately 8%
The foregoing estimates are subject to change following completion
of the company's audit.
