LASER TECHNOLOGY INC
NTN 10Q, 1999-02-18
TOTALIZING FLUID METERS & COUNTING DEVICES
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                  FORM 12b-25

                          NOTIFICATION OF LATE FILING
                                                            SEC File No. 1-11642
                                                         CUSIP Number 518074208
(Check One):                                                          --------- 
____Form 10-K   ____Form 20-F  ____Form 11-K   X Form 10-Q   ____Form N-SAR
                                               ---

                      For Period Ended: December 31, 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:

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:

PART I - REGISTRATION INFORMATION

Full Name of Registrant:  Laser Technology, Inc.

Former Name if Applicable:

Address of Principal Executive Office (Street and Number)
                              7070 South Tucson Way
City, State and Zip Code:     Englewood, Colorado 80112

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)
 X
- -----
     (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 annual report, semi-annual report, transition report on
          Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be
          filed on or before the fifteenth calendar following the prescribed due
          date; or the subject quarterly report or transition report on Form 10-
          Q, or portion thereof will be filed on the 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.
<PAGE>
 
PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 
N-SAR, or the transition report or portion thereof, could not be filed within 
the prescribed time period.

     The Registrant's independent accountant resigned December 21, 1998 and a 
new accountant was named January 11, 1999. The new accountants have not 
completed their audit of the financial statements for the fiscal year ended 
September 30, 1998. As soon as the fiscal year end audits are completed, the 
Registrant will file its Form 10-K and immediately thereafter, it will be able 
to file its Form 8-K to which this notice relates.

PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this 
     notification.

          Leonard E. Neilson           (801)           288-2855
            (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
     not, identify reports(s). Yes____    No X
                                            ---    
          Form 10-K for the fiscal year ended September 30, 1998

(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? Yes____   No X
                          ---

     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.

                            LASER TECHNOLOGY, INC.
                 (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned 
hereunto duly authorized.

Date: February 17, 1999                       By: David Williams
                                                   (Signature)
                                                    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
Intentional misstatements or omissions of fact constitute Federal Criminal 
Violations (see 16 U.S.C. 1001).


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