U.S. Securities and Exchange Commission
Washington, D.C.
SEC File Number
33-35580-D
Notification of Late Filing CUSIP Number
7372
[ ] Form 10-K [ ] Form 11-K [ ] Form 28-F [X] Form 10-Q
For period ended: June 30, 2000
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Read instructions (on back page) Before Preparing Form. Please typr or print
Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein.
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If the certification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates: entire report
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Part I - Registrant Information
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Full Name of Registrant Burst.com, Inc.
Former Name if Applicable Instant Video Technologies, Inc.
Address of Principal Executive Officer (Street and Number)
500 Sansome Street, Suite 500
City, State and Zip Code
San Francisco, CA 94111
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Part II - Rules 12b-25 (b) and (c)
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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)
[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 / portion thereof will be filed on or before
the fifteenth calendar day following the prescribed due date; or the
subject quarterly report / 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(s)
has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reason why the Form 10-K, 11-K, 28-F or
10-Q or portion thereof, could not be filed within the prescribed time period.
The Form 10-Q could not be filed within the prescribed time period because
the Registrant has been working on and has recently filed Amended No. 1 to
its Registration Statement on Form S-1. Such delays could not be eliminated
by the Registrant without unreasonable effort or expense. The form 10-Q
will be filed as soon as practicable, but in no event later than the fifth
business day following the prescribed due date.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
John C. Lukrich 415 391-4455
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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 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.
Net revenues were $311,136 and $386,149 for the three month and six month
periods ended June 30, 2000, respectively, versus none in the same periods
in 1999. We completed the commercial release of our Burstware(R) suite of
products in November 1999 and commenced shipments in February 2000. During
the six months ended June 30, 2000, we also introduced our content hosting
service, which enables our customers to store their audio-video content on
our Burstware servers for delivery to their employees, customers or other
end-users over broadband networks. The remaining revenue not recognized or
deferred relates to establishment of a returns reserve and deferral of
customer support, hosting and other services that will be recognized as
services are provided. The product cost of revenue recorded for the six
months ended June 30, 2000 consisted primarily of the cost of equipment
purchased from a third-party, which was resold to a customer in connection
with a software sale. Resale of equipment is not part of our sales
strategy, and we do not plan to make such sales to any significant degree
in the future.
Operating expenses were $6,477,582 and $10,392,503 for the three month and
six month periods ended June 30, 2000, respectively, as compared to
$2,621,256 and $4,200,377 during the same periods in 1999. The increased
costs were primarily a result of an overall increase in business activity
and the establishment and expansion of our sales force and marketing
programs in particular.
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Burst.com, 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: August 15, 2000 By: /s/ Richard Lang
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Richard Lang, Chairman and
Chief Executive Officer
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.
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ATTENTION
International misstatements or omissions of fact constitute Federal Criminal
Violations (Sec 18 U.S.C. 1001)
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