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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
of
Form 10-KSB
For Period Ended July 31, 1996
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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 referenced above,
identify the Item(s) to which the notification relates:_____________________.
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PART I. REGISTRANT INFORMATION
Kideo Productions, Inc.
(Full Name of Registrant)
611 Broadway, Suite 523
(Address of Principal Executive Office--Street and Number)
New York, New York 10012
(City, State and Zip Code)
Delaware 0-28158 13-3729350
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
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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. (Check appropriate box.)
[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-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof, will be
filed on or before the 15th 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; or
[_] (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, 10-KSB, 20-F,
11-K, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The registrant could not timely file its Form 10-KSB for the fiscal year
ended July 31, 1996, due principally to this factor, which the registrant could
not have eliminated without unreasonable effort or expense: The subject Form
10-KSB will be the registrant's first periodic report filed under the Securities
Exchange Act of 1934 and, in connection with preparing to file such Form, the
registrant experienced unanticipated delays in closing its year-end books.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Robert J. Riscica, Vice President--Chief Financial Officer, 212-505-6605
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(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 reports, 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 of 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's explanation of anticipated change is as follows: The
registrant will report that sales for the fiscal year ended July 31, 1996 (the
"1996 Fiscal Year") rose 46% to approximately $761,000, compared to
approximately $521,000 reported for the corresponding period in 1995.
Additionally, the registrant will report a gross profit of approximately
$124,000 for the 1996 Fiscal Year, compared to a gross loss of approximately
$136,000 a year earlier. These improvements reflect higher sales volumes and
better operating efficiencies in the 1996 Fiscal Year. The registrant will
report a net loss for the 1996 Fiscal Year of approximately $3.1 million ($1.76
per share), compared to a net loss a year earlier of approximately $1.9 million
($1.18 per share). The loss for the 1996 Fiscal Year includes a non-recurring
charge of $1.2 million related to the extinguishment of certain indebtedness of
the registrant, which was repaid following the closing in June 1996 of the
registrant's initial public offering.
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SIGNATURES
Kideo Productions, Inc.
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: October 28, 1996
By:/S/ Robert J. Riscica
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Robert J. Riscica
Vice President--Chief
Financial Officer
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