SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12B-25
                           NOTIFICATION OF LATE FILING

                                 X - Form 10KSB

                       For period ended December 31, 2001

                                     PART I
                             REGISTRANT INFORMATION

                       Developed Technology Resource, Inc.
                              5223 Industrial Blvd
                                 Edina, MN 55439

                                     PART II
                             RULE 12B-25(b) AND (c)

[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-KSB, 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 the transition report on Form 10-QSB 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

The Company has been unable to obtain sufficient financial date from its foreign
subsidiaries in the Former Soviet Union in order to complete its financial
statements within the required filing period for the year ended December 31,
2001. The Company anticipates that it will receive these documents and the Form
10KSB will be filed within the 15-day extension period.

                                     PART IV
                                OTHER INFORMATION

(1)  Contact:  LeAnn Hitchcock, CFO                 (952)820-0022

(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?
                                            X - Yes

(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 - No

Developed Technology Resource, Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.



Date: March 29, 2002                /s/ LeAnn Hitchcock
                                    --------------------------------------------
                                    LeAnn Hitchcock
                                    Chief Financial Officer
                                    (Principal Accounting Officer)