U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 0-26998
CUSIP Number: 013876 10 7
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 1997
[ ] 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:
Not applicable
Part I - Registrant Information
Full Name of Registrant: Alcohol Sensors International, Ltd.
Former Name if applicable: Not Applicable
Address of Principal Executive Office: 11 Oval Drive, Islandia, New York 11722
Part II - Rule 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 [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 day following the prescribed due date;
or the subject quarterly report or 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 Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
During the quarter ended September 30, 1997, the registrant finalized
the design, completed an initial production run and commenced a marketing
campaign in the United Kingdom with respect to the new generation of the
registrant's principal product, Sens-O-Lock. In connection with the
commencement of marketing in the United Kingdom, the registrant established
significant administrative operations in Buckinghamshire, England. The
registrant is in the process of coordinating its English and domestic
administration functions. Such operational matters required registrant's
management to devote substantial effort and expense which otherwise would
have been devoted to the preparation and filing of the Quarterly Report on
Form 10-QSB for the period ended September 30, 1997. In addition, on
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September 26, 1997, the registrant consummated the sale and issuance of
Series B 8% Convertible Preferred Stock (the "Series B Stock") for gross
proceeds of $3,000,000 and is researching the appropriate accounting
treatment with respect to such transaction.
The effect of the United Kingdom operations and sale of the Series B
Stock impacts on all items to be contained in the subject Form 10-QSB. For
such reasons, the subject Form 10-QSB could not be filed within the
prescribed period.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
Joseph M. Lively (516) 342-1515
(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 twelve 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.
The registrant anticipates reporting a loss from operations of
approximately $760,000 and $1,975,000 for the three and nine months ended
September 30, 1997, respectively, compared to $914,044 and $3,304,404 for
the three and nine months ended September 30, 1996, respectively.
Alcohol Sensors International, Ltd. has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Date:
November 14, 1997 By:/s/Joseph M. Lively
Joseph M. Lively,
Chief Operating Officer
