invo-ext12312008.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
one): x Form
10-K rForm
20-F rForm 11-K r Form
10-Q r Form
N-SAR rForm N-CSR
For Period
Ended: December 31, 2008
rTransition Report on
Form 10-K
rTransition Report on
Form 20-F
rTransition Report on
Form 11-K
rTransition Report on
Form 10-Q
rTransition 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:
PART
I -- REGISTRANT INFORMATION
INVO
Bioscience, Inc.
Full Name of
Registrant
EMY’S SALSA AJI DISTRIBUTION
COMPANY, INC.
Former
Name if Applicable
100 Cummings Center, Suite
421E
Address
of Principal Executive Office
Beverly, MA
01915
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)
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(a)
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The
reasons described in reasonable detail in Part III of this form could not
be eliminated without unreasonable effort or expense;
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x
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(b)
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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 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
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(c)
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The
accountant's statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.
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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, or the transition report or portion thereof, could not be filed
within the prescribed time period.
The
Company has determined that it is unable to file its Form 10-K for the year
ended December 31, 2008 by the March 31, 2009 due date because the Company as
not able to complete timely its financial statements without unreasonable effort
or expense. Accordingly, the Company is requesting the fifteen-day
extension permitted by the rules of the Securities and Exchange Commission to
file its Form 10-K.
PART
IV -- OTHER INFORMATION
(1) Name
and telephone number of person to contact in regard to this
notification:
Robert J. Bowdring
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(978)
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878-9505
ext 508
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(Name)
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(Area Code)
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(Telephone Number)
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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 report(s) been filed? If 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.
INVO
Bioscience anticipates significant changes in the results of operations for the
annual period ended December 31, 2008 compared to the corresponding period in
2007. On December 5, 2008, INVO Bioscience, Inc. completed a share
exchange with Emy’s Salsa AJI Distribution Company, Inc.
(“Emy’s”). Emy’s was incorporated on July 11, 2005, under the laws of
the State of Nevada under the name Certiorari Corp. In connection
with the reverse merger, INVO Bioscience became our wholly-owned subsidiary and
the INVO Bioscience Shareholders acquired control of Emy’s as well
as changed the name of the company. INVO Bioscience was formed in
January 2007 under the laws of the Commonwealth of Massachusetts under the name
“Bio X Cell, Inc.,” which was the business successor to Medelle
Corporation.
We
currently estimate that for the period ended December 31, 2008, INVO Bioscience
will report a net loss of approximately $1,498,096 or $(0.028) per share
compared to a net loss of $43,368 or $(0.004) per share, for the period ended
December 31, 2007. The increased loss is a result of the company changing
direction, going from a salsa distribution company without any employees and
revenue to a medical device company. INVO Bioscience’s principal business
is providing its patented INVOcell technology to help infertile couples have a
baby. We have one principal product, the manufacturing and distribution of
the INVOcell technology. The Company currently employs six people and
has received the “CE Mark” allowing it to distribute and sell its product in
Europe, Canada, some countries in Latin America, Asia, the Mid-East and Africa.
INVO Bioscience invoiced its first sales of the INVOcell
selling 215 units along with 16 INVO Blocks for total revenue of $38,000 in
the fourth quarter of 2008. Further, we have successfully signed
contracts for the purchase of the INVO cell device in Pakistan, Turkey, Peru and
Canada. In 2008 the Company spent approximately $78,000 in R&D
expenses for regulatory items and $1,408,000 in expenses primarily for
personnel, travel and legal costs related to the development of new markets
across the world and the merger of the two companies compared to $43,000 spent
in 2007 for start up, organizational, legal and accounting costs.
The
foregoing estimates of INVO Bioscience’s results of operations for the annual
period ending December 31, 2008 and the corresponding period of 2007 are subject
to change pending the completion our financial statements and the completion by
RBSM, LLP, our independent auditors, of their audits of the annual financial
statements.
INVO
Bioscience, Inc.
(Name of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated:
March 31, 2009
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By:
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/s/
Robert J. Bowdring
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Robert
J. Bowdring
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Chief
Financial Officer
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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.
ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See
18 U.S.C. 1001).
GENERAL
INSTRUCTIONS
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1. This
form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of
1934.
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2. One
signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public record
in the Commission files.
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3. A
manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of
the registrant is registered.
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4. Amendments
to the notifications must also be filed on Form 12b-25 but need not
restate information that has been correctly furnished. The form shall be
clearly identified as an amended
notification.
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5. Electronic Filers: This
form shall not be used by electronic filers unable to timely file a report
solely due to electronic difficulties. Filers unable to submit reports
within the time period prescribed due to difficulties in electronic filing
should comply with either Rule 201 or Rule 202 of Regulation S-T (§232.201
or §232.202 of this chapter) or apply for an adjustment in filing date
pursuant to Rule 13(b) of Regulation S-T (§232.13(b) of this
chapter).
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