UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 000-24969
(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: June 30, 1998
[ ] 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: Not Applicable
Nothing in this form shall be construed to imply that the Commissions 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: Not Applicable
PART 1
REGISTRANT INFORMATION
Full Name of Registrant: mPhase Technologies, Inc.
Former Name Tecma Laboratories, Inc.
Address of Principal Executive Office 587 Connecticut Avenue, PO Box 566,
Norwalk, Connecticut 06854-0566
City, State and Zip Code
PART Il
Rules 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or ex
pense and the registrant seeks relief pursuant to Rule 12b-25(b), the follow
ing should be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or ex
pense;
[X] (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 prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached if
applicable.
<PAGE>
PART III
NARRATIVE
State below in reasonable detail the reasons why the reports could not be
filed within the prescribed time period.
On September 9, 1999, mPhase Technologies, Inc. (the "Company") retained Ar
thur Andersen LLP ("Andersen") as its new independent accountants, to audit
the Company's financial statements for the year ended June 30, 1999, after
Schuhalter, Coughlin & Suozzo, LLC ("Schuhalter"), which had served in such
capacity prior thereto, had declined to stand for re-appointment as the Com
pany's auditor for internal reasons.
As a result of the date on which Andersen was hired, Andersen was unable to
complete its audit of the Company and prepare the audited year end financial
statements in a time frame which would permit the Company to complete the Form
10SB before the date the Form 10-KSB must be filed. This delay could not be
eliminated without unreasonable effort or expense to the Company. The Company
will file its Annual Report on Form 10-KSB within fifteen (15) days after
September 30, 1999.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ronald A. Durando, President (203) 838-2741
(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 report(s) 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 statement to be included in the subject report or por
tion 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 esti
mate of the results cannot be made.
PART IV - Item (3)
Explanation of the anticipated change in results of operations from the corre
sponding period for the last fiscal year.
No significant changes are expected in the fourth quarter results.
MPHASE TECHNOLOGIES, INC.
has caused this notification to be signed on its behalf y the undersigned
thereunto duly authorized.
Date: September 30, 1999 By: /s/ Ronald A. Durando
President and Chief Executive Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18U.S.C. 1001).
