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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/01/24 Infinite Group Inc. NT 10-K 12/31/23 1:25K Blueprint/FA |
Document/Exhibit Description Pages Size
1: NT 10-K Notice of a Late Filing of a Form 10-K Annual HTML 24K
Report
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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| NOTIFICATION OF LATE FILING | SEC FILE NUMBER |
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| CUSIP NUMBER |
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(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, 2023
☐ 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:________________________
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Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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| If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: |
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PART I - REGISTRANT INFORMATION
| Full Name of Registrant |
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INFINITE GROUP, INC. |
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| Former Name if Applicable |
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| N/A |
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| Address of Principal Executive Office (Street and Number) |
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| 175 Sully’s Trail, Suite 202 |
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| City, State and Zip Code
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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)
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| ☒ | (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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| (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or From 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 of 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 |
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| (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 Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Infinite Group, Inc. (the "Registrant") was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the period ended December 31, 2023 (the "Annual Report") by the April 1, 2024, filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Annual Report. As a result, the Registrant is still in the process of compiling required information to complete the Annual Report and its independent registered public accounting firm requires additional time to complete its audit of the financial statements for the period ended December 31, 2023, to be incorporated in the Annual Report. The Registrant is endeavoring to file its Annual Report as promptly as possible; however, there can be no assurance that the Registrant will be able to file the Annual Report within the extension period.
PART IV -OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification | ||||
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| 485-5760 | |
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| (Area Code) |
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| (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). ☐ Yes ☒ No Quarterly report on form 10-Q for the period ended 09/30/2023 has not been filed as of the date of this report.
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| (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 reasons why a reasonable estimate of the results cannot be made. |
The Company estimates that its net loss to decrease from approximately $3,562,000 for 2022 to $1,719,000 for 2023. The Company had an operating loss of approximately $1,769,000 in 2023, interest expense of approximately $1,780,000 and other income of approximately $1,758,000 in 2023.
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| INFINITE GROUP, 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: April 1, 2024 | By: | /s/ Richard Glickman |
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| Title: | VP Finance and Chief Accounting Officer |
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| This ‘NT 10-K’ Filing | Date | Other Filings | ||
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| Filed on / Effective on: | 4/1/24 | None on these Dates | ||
| For Period end: | 12/31/23 | |||
| List all Filings | ||||