-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QxyHcHHMnWSUngDZcn4CuM79xIn3SxqHiNT8m77oSpklYpWXDdeWtOxkCYa2T8ny FvIKTMoMytxFMTEwqdbYaQ== 0001193125-07-115558.txt : 20070515 0001193125-07-115558.hdr.sgml : 20070515 20070515155122 ACCESSION NUMBER: 0001193125-07-115558 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070331 FILED AS OF DATE: 20070515 DATE AS OF CHANGE: 20070515 EFFECTIVENESS DATE: 20070515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIOLARGO, INC. CENTRAL INDEX KEY: 0000880242 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 650159115 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-19709 FILM NUMBER: 07852983 BUSINESS ADDRESS: STREET 1: 2603 MAIN ST. STREET 2: SUITE 1155 CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 949-643-9540 MAIL ADDRESS: STREET 1: 2603 MAIN ST. STREET 2: SUITE 1155 CITY: IRVINE STATE: CA ZIP: 92614 FORMER COMPANY: FORMER CONFORMED NAME: NUWAY MEDICAL INC DATE OF NAME CHANGE: 20030205 FORMER COMPANY: FORMER CONFORMED NAME: NUWAY ENERGY INC DATE OF NAME CHANGE: 20010815 FORMER COMPANY: FORMER CONFORMED NAME: LATIN AMERICAN CASINOS INC DATE OF NAME CHANGE: 19960520 NT 10-Q 1 dnt10q.htm FORM 12B-25 NOTIFICATION OF LATE FILING FORM 12b-25 NOTIFICATION OF LATE FILING
 

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

    (Check One):

   

        ¨  Form 10-K

   

        ¨  Form 20-F

   

        þ  Form10-Q

   

        ¨  Form N-SAR

   
   

 

  For Period Ended: March 31, 2007
  ¨  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:                                                              

 

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

BIOLARGO, INC.


Full Name of Registrant

 

 


Former Name if Applicable

2603 MAIN STREET, SUITE 1155


Address of Principal Executive Office (Street and Number)

IRVINE, CA 92614


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)

 

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, 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 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

¨

  (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 and Form 10-KSB, 20-F, 11-K, Form 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof could not be filed within the prescribed period.

(Attach Extra Sheets if Needed)

The Company is unable to file its report on Form 10-QSB without undue burden or expense to the Company primarily because of its small size and limited resources.

 


PART IV - OTHER INFORMATION

 

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

 

Lance Jon Kimmel

(Name)

    

     310    

(Area Code)

  

557-3059

(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 reports) 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.

BioLargo, Inc. (the “Company”) anticipates that its net loss for the three-month period ended March 31, 2007 will be approximately $1,550,000, or $0.36 per share, compared to a net loss of $442,000, or $0.18 per share for the three-month period ended March 31, 2006. This increase in loss is primarily attributable to increases in selling, general and administrative expenses and interest expense.

The Company anticipates that selling, general and administrative expenses for the three-month period ended March 31, 2007 will be approximately $581,000, compared to $334,000 for the three-month period ended March 31, 2006. This increase is primarily a result of increased legal expenses associated with various transactions, including the acquisition of the BioLargo technology. The Company further anticipates that interest expense for the three-month period ended March 31, 2007 will be approximately $953,000, compared to $88,000 for the three-month period ended March 31, 2006. This increase is the result of additional interest expense recorded in connection with the conversion by certain noteholders of obligations owed to them by the Company into shares of the Company’s common stock. The Company further anticipates that research and development expenses will be approximately $18,000 for the three-month period ended March 31, 2007, as compared to $20,000 for the three-month period ended March 31, 2006. This rate of expense is consistent with the Company’s plan to provide applications of the BioLargo technology for potential licensees or other customers in various vertical markets, while reflecting the Company’s situation immediately prior to the consummation of the transaction with IOWC Technologies, Inc., pursuant to which the Company acquired the BioLargo technology.

 


 

BIOLARGO, 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: May 15, 2007   By:  

/s/ Dennis Calvert

  Name:   Dennis Calvert
  Title:   President

 

2

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