NT 10-K 1 v101353_nt10k.htm Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25


NOTIFICATION OF LATE FILING

(Check One):
 
x Form 10-K
o Form 20-F
o Form 11-K
o Form 10-QSB
 
 
o Form N-SAR
 
o Form N-CSR
 
 
For Period Ended: October 31, 2007 
 
 
o
Transition Report on Form 10-K
 
 
o
Transition Report on Form 20-F
 
 
o
Transition Report on Form 11-K
 
 
o
Transition Report on Form 10-Q
 
 
o
Transition Report on Form N-SAR
 

For the Transition Period Ended:

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:

PART I - REGISTRANT INFORMATION

CODA OCTOPUS GROUP, INC.
Full name of Registrant

____________________
Former Name if Applicable

164 West, 25th Street, 6th Floor  
Address of Principal Executive Office (Street and Number)

New York, New York 10001
City, State and Zip Code
 
 
 

 
 
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 box if appropriate.)

(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, Form 20-F, Form 11-K, Form N-SAR, 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 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, N-SAR, N-CSR, or the transition report portion thereof could not be filed within the prescribed time period.
(Attach extra sheets if needed.)

The compilation, dissemination and review of the information required to be presented in the Form 10-KSB for the relevant period has imposed time constraints that have rendered timely filing of the Form 10-KSB impracticable without undue hardship and expense to the registrant. The registrant undertakes the responsibility to file such report no later than fifteen days after its original prescribed due date.

   
(1)
Name and telephone number of person to contact in regard to this notification
       
 
Jody Frank
(212)
924-3442
 
(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 the answer is no, identify report(s). Yes x No o
       
(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 o
       
 
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.
       
       
 
It is expected that the Company net losses for the year ended October 31, 2007 will amount to approximately $15.8 million compared to $12,096,014 for the year ended October 31, 2006. This may be attributed primarily to an increase in non-cash charges related to a financing transaction in April 2007 and an increase in selling and administrative expenses due to the roll out of the UIS system.
 
 
 

 
 
CODA OCTOPUS 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: January 30, 2008 By:   /s/ Jody Frank
 
Jody Frank
Chief Financial Officer
   

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.