0001731122-20-000278.txt : 20200318 0001731122-20-000278.hdr.sgml : 20200318 20200318124651 ACCESSION NUMBER: 0001731122-20-000278 CONFORMED SUBMISSION TYPE: NT 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200131 FILED AS OF DATE: 20200318 DATE AS OF CHANGE: 20200318 EFFECTIVENESS DATE: 20200318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INNOVATIVE DESIGNS INC CENTRAL INDEX KEY: 0001190370 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED TEXTILE PRODUCTS [2390] IRS NUMBER: 030465528 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NT 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-51791 FILM NUMBER: 20723775 BUSINESS ADDRESS: STREET 1: 124 CHERRY ST. STREET 2: STE 1 CITY: PITTSBURGH STATE: PA ZIP: 15223 BUSINESS PHONE: 4127990350 MAIL ADDRESS: STREET 1: 124 CHERRY ST. STREET 2: STE 1 CITY: PITTSBURGH STATE: PA ZIP: 15223 NT 10-Q/A 1 e1815_nt10q.htm NT 10-Q/A
 

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  FORM 12b-25 SEC FILE NUMBER
  000-51791
 
    CUSIP NUMBER
  NOTIFICATION OF LATE FILING  

 

(Check one): [_] Form 10-K           [_] Form 20-F           [_] Form 11-K           [X] Form 10-Q           [_] Form 10-D
[_] Form N-SAR       [_] Form N-CSR      [_] Form N-CEN
 
For Period Ended: January 31, 2020
[_] 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
[_] Transition Report on Form N-CEN
 
For the Transition Period Ended: ____________________

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

 

PART I — REGISTRANT INFORMATION

 
Innovative Designs, Inc.
Full Name of Registrant
 
N/A
Former Name if Applicable
 
124 Cherry St.
Address of Principal Executive Office (Street and Number)
 
Pittsburgh, PA 15215
City, State and 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 reason 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, Form 11-K, Form N-SAR, Form N-CEN or Form N-CSR, 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 subject distribution report on Form 10-D,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 Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, N-CEN or the transition report or portion thereof, could not be filed within the prescribed time period.

Our outside auditors have not completed their work in connection with compiling the financial information that is a part of the Form 10-Q. The registrant is working with the OTCQB staff on obtaining an extension of time for filing the report given the circumstances surrounding effects of the coronovirus on normal business daily functions. It is expected that the work will be completed within the extended filing period.

 

PART IV — OTHER INFORMATION

           
(1) Name and telephone number of person to contact in regard to this notification
 
  John Thomas   609  

332.1791

  (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 no, identify report(s).
 
Yes  [_]     NO  [X]
 
 

The Form 10-K Report for Fiscal Year 2019, has not as yet been filed

 
(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  [X]     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.

Revenue decreased from $ 109,344 for the three month period ended January 31, 2019, to approximately $46,426, for the three month period ended January 31, 2020.

Innovative Designs, 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:  

March 18, 2020

  By: /s/ Joseph Riccelli
              Joseph Riccelli, CEO