NT 10-Q 1 0001.txt NOTICE OF LATE FILING SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 12b-25 Commission File Number ------------- NOTIFICATION OF LATE FILING (Check One): |_| Form 10-K |_| Form 11-K |_| Form 20-F |X| Form 10-Q |_| Form N-SAR |_| Form 10KSB For Period Ended: December 31, 2000 [ ] 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: --------------------------------- 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 J NET ENTERPRISES, INC. -------------------------------------------------------------------------------- Full Name of Registrant JACKPOT ENTERPRISES, INC. -------------------------------------------------------------------------------- Former Name if Applicable 8750 N. Central Expressway, Suite #600 -------------------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) Dallas, Texas 75231 -------------------------------------------------------------------------------- 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 appropriate box.) |_| Yes |_| No |X| | (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, 20-F, 11-K or N-SAR, or portion thereof, will be filed on | or before the 15th 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 | |X| | (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 Form 10-K, 11-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. The Company is unable to timely file its Quarterly Report on Form 10-Q for the period ended December 31, 2000 without unreasonable effort and expense due to the need to reexamine the proper accounting treatment for its November investment in InterWorld Corporation ("InterWorld") in light of the recently announced agreement with InterWorld as disclosed and filed on a Form 8-K dated February 2, 2001. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Mark Wilson (214) 696-8830 -------------------------------------------------------------------------------- (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 operation for 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 The results of operations for current period compared to the corresponding period in the prior fiscal year are expected to change significantly due to factors previously disclosed in the Company's Form 10-K and related Form 10-Q, including the Company's decision to and ultimate sale of its prior gaming operations as well as its current focus on investing in technology-related businesses. However, final operating results for the current period cannot be determined until the ultimate accounting for the InterWorld transaction has been determined. 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. J Net Enterprises, 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 February 14, 2001 By: /s/ Steven L. Korby --------------------- ---------------------------------------- Steven L. Korby 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. ATTENTION Intentional misstatements or omissions of fact constitute Federal criminal violations. (See 18 U.S.C. 1001) GENERAL INSTRUCTIONS 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. 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. 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. 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.