NT 10-Q 1 edge12b25.txt FORM 12B-25 OF EDGE TECHNOLOGY GROUP, INC. U.S. SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 --------------------------- FORM 12b-25 NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ X ] Form 10-Q [ ] Form N-SAR [ ] Form 10-KSB [ ] Form 10-QSB For Period Ended: June 30, 2001 SEC File Number: 0-20995 [ ] Transition Report on Form 10-K CUSIP Number: 928430 10 7 [ ] 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: ----------------------------------------------------------------- PART I - REGISTRANT INFORMATION EDGE TECHNOLOGY GROUP, INC. (Full Name of Registrant) 901 Yamato Road, Suite 175 (Address of Principal Executive Office) Boca Raton, Florida 33431 (City and State) (Zip Code) ----------------------------------------------------------------- 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 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 the Form 10-Q could not be filed within the prescribed time period. The Registrant is in the final stages of formulating a business plan which will affect the known operating trends disclosed in the Registrant's Quarterly Report on Form 10-Q for the quarter ended June 30, 2001, and requires additional time to complete the business plan and accounting issues related thereto. Registrant therefore requires additional time to make appropriate disclosures in accordance with Item 303 of Regulation S-K. ----------------------------------------------------------------- PART IV - OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification: Graham C. Beachum II 214 999.2245 (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 been filed? [ X ] Yes [ ] No If answer is no, identify reports. ----------------------------------------------------------------- (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. EDGE TECHNOLOGY GROUP, INC. (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, 2001 By: /s/ GRAHAM C. BEACHUM II --------------------------------------- Name: Graham C. Beachum II Title: President and Chief Executive Officer and Principal Accounting Officer ATTENTION Intentional misstatements or omissions constitute Federal Criminal Violations (see 18 U.S.C. 1001). ATTACHMENT TO NOTIFICATION OF LATE FILING OF FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001 ITEM NO. PART IV(3) In July 2001, the Registrant obtained information regarding a valuation of its investment in PurchasePooling Solutions, Inc. and, based upon that information, determined that the investment ws impaired. Accordingly, the Registrant intends to record an impairment charge of approximately $2,307,262 which is anticipated to be included in "impairment of assets" in the Registrant's Statement of Operations.