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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File No: 0-25114
CUSIP No: 130551 10 4
(Check One):
Form 10-KSB __Form 20-F __Form 11-K XXForm 10-QSB __Form N-SAR
FOR PERIOD ENDED: MARCH 31, 1997
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[ ] Transition Report on Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-QSB
[ ] 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.
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
CALIFORNIA PRO SPORTS, INC.
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Full Name of Registrant
N/A
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Former Name if Applicable
1221-B SOUTH BATESVILLE ROAD
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Address of Principal Executive Office (Street and Number)
GREER, SOUTH CAROLINA 29650
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City, State and Zip Code
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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;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-KSB, Form 20-F, Form 11-K or Form N-SAR, or portion thereof,
will 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-QSB, 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 the Form 10-KSB, Form 20-F,
Form 11-K, Form 10-QSB, Form N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period. (ATTACH EXTRA SHEETS IF
NEEDED.)
The Registrant completed its filing of Form 10-KSB for the year ended
December 31, 1996 on May 6, 1997 and cannot reasonably complete its
financial statements for the quarterly period ended March 31, 1997
prior to the 10-QSB filing date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Barry S. Hollander (864) 848-5160
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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
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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.
CALIFORNIA PRO SPORTS, 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: May 16, 1997 By /s/ Barry S. Hollander
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Barry S. Hollander, CFO
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 18 U.S.C. 1001).
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PART IV - CONTINUED
Due to the acquisition of USA Skate Co., Inc. in May 1996, and a
decline in the Company's in-line skate and snowboard business, the Registrant
anticipates a significant change in results of operations from the prior
year. Revenues and income (loss) from operations are expected to be as
follows:
Three months ended
March 31,
(Unaudited)
1997 1996
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Revenues $2,766,000 $1,786,675
Loss from operations $ 922,000 $ 622,182
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