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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB NUMBER: 3235-0058
WASHINGTON, D.C. 20549 ESTIMATED AVERAGE BURDEN
FORM 12b-25 HOURS PER RESPONSE....2.50
NOTIFICATION OF LATE FILING SEC FILE NUMBER
1-11600
CUSIP NUMBER
(Check One): / /Form 10-K / /Form 20-F / /Form 11-K /x/Form 10-Q / /Form N-SAR
For Period Ended: September 30, 1996
[ ] 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:
_______________________________________________________________________________
PART I -- REGISTRANT INFORMATION
_______________________________________________________________________________
Full Name of Registrant
URETHANE TECHNOLOGIES, INC.
_______________________________________________________________________________
FORMER Name if Applicable
_______________________________________________________________________________
Address of Principal Executive Office (Street and Number)
212 West Taft Avenue
_______________________________________________________________________________
City, State and Zip Code
Orange, California 92866-4220
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 on 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 or Form N-SAR, or portion thereof, will
/X/ 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 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)
See Attached Sheet
(Attach Extra Sheets if Needed)
SEC 1344 (11/91)
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PART III - NARRATIVE
The Form 10-Q could not be filed within the prescribed time period because the
senior management of the Company was heavily involved in obtaining financing
and because of turnover within the financial department of the Company.
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
James B. Frakes 714 921-2300
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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 report(s) 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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URETHANE TECHNOLOGIES, 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 15, 1996 By /s/ James B. Frakes
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James B. Frakes, Vice President
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
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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 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.
5. Electronic Filers. This form shall not be used by electronic filers unable
to timely file a report solely due to electronic difficulties. Filers unable
to submit a report within the time period prescribed due to difficulties in
electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T or apply for an adjustment in filing date pursuant to Rule
13(b) of Regulation S-T.
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PART IV - OTHER INFORMATION
The Company anticipates a significant change in results of operations from the
corresponding period for the last fiscal year. The primary change is that the
Company generated losses form continuing operations in the quarter and nine
month period ended September 30, 1996 and generated income from continuing
operations in the corresponding periods in the prior fiscal year. The losses
from continuing operations were due primarily to a reduction in gross margin in
the current year.
Estimates of sales, gross profit, losses from continuing operations and losses
from discontinued operations for the quarter and nine month periods ended
September 30, 1996 compared to actual September 30, 1995 are shown below:
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
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Estimate Actual Estimate Actual
9-30-96 9-30-95 9-30-96 9-30-95
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<S> <C> <C> <C> <C>
Net Sales $ 8,837,446 $7,727,090 $23,615,559 $20,529,814
Gross Profit 204,681 1,621,894 2,802,963 4,298,366
Income (Loss) from
Continuing Operations (1,768,002) 198,726 (2,952,844) 456,461
Loss from Discontinued
Operations (850,324) (553,594) (392,150) (738,145)
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Net Loss $(2,618,326) $ (354,868) $(3,344,994) $ (281,684)
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</TABLE>
