UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC File Number 333-249998 |
NOTIFICATION OF LATE FILING
CUSIP Number 36467P104 |
(Check One): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR
For period ended: December 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 |
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
Gaming Technologies Inc. |
Full Name of Registrant |
Dito, Inc. |
Former Name if Applicable |
413 West 14th Street |
Address of Principal Executive Office (Street and Number) |
New York, New York, USA 10014 |
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 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 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 reason why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The Registrant is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “Report”) by the prescribed date of March 31, 2021, without unreasonable effort or expense because the Registrant and its independent auditor need additional time to complete certain disclosures and analyses required to be included in the Report. In accordance with Rule 12b-25 promulgated under the Securities Exchange Act of 1934, as amended, the Registrant intends to file its Report on or prior to the fifteenth calendar day following the prescribed due date.
PART IV—OTHER INFORMATION
(1) | Name and telephone number of person to contact with regard to this notification. |
Jason Drummond | 347 | 983-1227 | |||||
(Name) | (Area Code) | (Telephone Number) | |||||
(2) | Have all other periodic reports required under Section 13 or 15(d) or 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 ☐ 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? ☒ Yes ☐ No |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reason why a reasonable estimate of the results cannot be made.
During the year ended December 31, 2020 the Company incurred a net loss of $7,812,443, utilized cash in operating activities of $889,026, and had an accumulated deficit of $8,566,819 as of December 31, 2020. During the year ended December 31, 2019 the Company incurred a net loss of $636,033, utilized cash in operating activities of $431,165, and had an accumulated deficit of $754,376 as of December 31, 2019.
The foregoing information is preliminary, unaudited and subject to change.
2 |
Gaming Technologies Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned heretofore duly authorized.
Date: April 1, 2021 | By: | /s/ Jason Drummond |
Name: Jason Drummond | ||
Title: Chief Executive Officer |
3 |