0001398432-15-000137.txt : 20150331 0001398432-15-000137.hdr.sgml : 20150331 20150331172746 ACCESSION NUMBER: 0001398432-15-000137 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150331 DATE AS OF CHANGE: 20150331 EFFECTIVENESS DATE: 20150331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Advanced Cannabis Solutions, Inc. CENTRAL INDEX KEY: 0001477009 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 208096131 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54457 FILM NUMBER: 15740524 BUSINESS ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 BUSINESS PHONE: (719) 748-5603 MAIL ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 FORMER COMPANY: FORMER CONFORMED NAME: Promap Corp DATE OF NAME CHANGE: 20091117 NT 10-K 1 i12719.htm NT 10-K



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549


FORM 12b-25

NOTIFICATION OF LATE FILING



(Check One)   [X]  Form 10-K          [_]  Form 20-F          [_]  Form 11-K          [_]  Form 10-Q          [_] Form N-SAR


For Period Ended: December 31, 2014

[_]   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

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


Advanced Cannabis Solutions, Inc.

Full Name of Registrant

 

 

Former Name if Applicable

 

6565 E. Evans Avenue

Address of Principal Executive Office (Street and Number)

 

Denver, Colorado 80224

City, 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)


 

 (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, 11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of 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 or the transition report or portion thereof could not be filed within the prescribed time period.


Advanced Cannabis Solutions, Inc. (the “Company”) is unable to file Form 10-K within the prescribed time period because it experienced unexpected delays in the collection and compilation of certain information that was necessary for the preparation of the Company’s financial statements and it, therefore, requires additional time to ensure adequate disclosure of certain information required to be included in the Form 10-K.


The Company currently anticipates that its Form 10-K for the period ended December 31, 2014 will be filed as soon as practicable and no later than fifteen days calendar days following its prescribed due date.


PART IV - OTHER INFORMATION


(1)   Name and telephone number of person to contact in regard to this notification:


Robert L. Frichtel

 

(303)

 

759-1300

(Name)

 

(Area Code)

 

(Telephone No.)


(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).  [X] Yes    [_] No


(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.


Total revenues for the year ended December 31, 2014 was approximately $171,000 compared with no revenues for the corresponding prior period. Operating loss for the 2014 year was approximately $2.7 million compared with an operating loss of approximately $561,000 in the corresponding 2013 period, an increase of approximately $2.2 million or approximately 482%. Net loss increased approximately 1043% to approximately $7.4 million for the year ended December 31, 2014 from approximately $711,000 for the period ended December 31, 2013.


This notification of late filing on Form 12b-25 contains forward-looking statements regarding the Company’s expectations concerning the filing of its Annual Report on Form 10-K for the period ended December 31, 2014.  These forward-looking statements are based on the Company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.




Advanced Cannabis Solutions, 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:  March 31, 2015

 

By:

/s/ Robert L. Frichtel

 

 

 

Name: Robert L. Frichtel

Title: Chief Executive Officer