NT 10-K 1 tnt10k-2101a.txt NT 10-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Commission File Number 1-13636 (Check One) [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR [ ] Form N-CSR For period ended DECEMBER 31, 2003 ----------------- [ ] Transition Report on Form 10-K and Form 10-KSB [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q and Form 10-QSB [ ] 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 Full name of registrant Mendocino Brewing Company, Inc. ------------------------------- Former name if applicable Not Applicable -------------- Address of principal executive office (STREET AND NUMBER) 1601 Airport Road ------------------- City, state and zip code Ukiah, CA 95482 ---------------- 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 reasons 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 [X] 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 The registrant is a party to a credit agreement which is scheduled to expire on April 30, 2004, and a borrower under a temporary loan which is due for repayment on June 23, 2004. Both the credit agreement and the loan in question are secured by all or a substantial part of the registrant's assets. The Company is in discussions with other lenders to replace the existing loan and credit facilities. While management believes that it will be successful in refinancing these agreements, a failure to do so would have a significant impact on the Company's liquidity and operations. The registrant is engaged in ongoing discussions with its independent auditors as to the effect of these issues on the registrant's financial statements and the auditor's independent report thereon. In addition to its continuing discussions with these potential lenders, the registrant is also currently in the process of attempting to obtain additional financing, or some other form of credit enhancement, from one or more of its affiliates. There can be no assurance, however, that its efforts in this regard will be successful. For the above reasons, the registrant is unable to timely file its annual report on Form 10-KSB for the year ended December 31, 2003, without unreasonable effort or expense. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. N. MAHADEVAN, CHIEF FINANCIAL OFFICER (707) 463-2087 (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 the 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 statement to be included in the subject report or portion thereof ? [ ] Yes [X] No MENDOCINO BREWING COMPANY, INC. ------------------------------------------------ (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: March 31, 2004 By: --------------------------------- N. Mahadevan Chief Financial Officer