0001493152-19-012764.txt : 20190815 0001493152-19-012764.hdr.sgml : 20190815 20190815121732 ACCESSION NUMBER: 0001493152-19-012764 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190815 DATE AS OF CHANGE: 20190815 EFFECTIVENESS DATE: 20190815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortune Valley Treasures, Inc. CENTRAL INDEX KEY: 0001626745 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 320439333 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55555 FILM NUMBER: 191029363 BUSINESS ADDRESS: STREET 1: 711-8 LEE CENTRE DR CITY: SCARBOROUGH STATE: A6 ZIP: M1H 3H8 BUSINESS PHONE: 1-702-290-8649 MAIL ADDRESS: STREET 1: 711-8 LEE CENTRE DR CITY: SCARBOROUGH STATE: A6 ZIP: M1H 3H8 FORMER COMPANY: FORMER CONFORMED NAME: CRYPTO-SERVICES, INC. DATE OF NAME CHANGE: 20141201 NT 10-Q 1 formnt10-q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form 10-D [ ] Form N-CEN [ ] Form N-CSR

For Period Ended: June 30, 2019

	[ ]	Transition Report on Form 10-K

	[ ]	Transition Report on Form 20-F

	[ ]	Transition Report on Form 11-K

	[ ]	Transition Report on Form 10-K

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

Fortune Valley Treasures, Inc.

Full Name of Registrant

N/A

Former Name if Applicable

No. 10 of Tuanjie 2nd Road, Beice, Humen

Address of Principal Executive Office (Street and Number)

Dongguan, Guangdong, China 518000

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)

	(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-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 12(b)-25(c) has been attached if applicable.

PART III – NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Fortune Valley Treasures, Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 (the “Quarterly Report”) by August 14, 2019 as it requires additional time to gather necessary information for the preparation of such Quarterly Report. The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.

PART IV – OTHER INFORMATION

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

	Yumin Lin		+(86) 769		82268999
	(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).

[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.

Revenue is expected to increase by $55,983, or 200%, to $83,956 for the six months ended June 30, 2019, as compared to $27,973 for the six months ended June 30, 2018. Total cost of revenue is expected to increase by $44,542, or 260%, to $61,675 for the six months ended June 30, 2019, as compared to $17,133 for the same period in 2018. Net loss is expected to increase by $82,180, or 52%, to $240,332 for the six months ended June 30, 2019, from net loss of $158,152 for the same period in 2018.

Fortune Valley Treasures, 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: August 15, 2019	By:	/s/ Yumin Lin
	Name:	Yumin Lin
	Title:	Chief Executive Officer, Chief Financial Officer, President, Treasurer and Secretary

ATTENTION

Intentional misstatements or omissions of fact constitute Federal criminal violations. (See 18 U.S.C. 1001).