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INVENT Ventures, Inc. – ‘NT 10-K/A’ for 12/31/14

On:  Thursday, 4/23/15, at 1:27pm ET   ·   Effective:  4/23/15   ·   For:  12/31/14   ·   Accession #:  1078782-15-629   ·   File #:  814-00720

Previous ‘NT 10-K’:  ‘NT 10-K’ on 4/1/15 for 12/31/14   ·   Latest ‘NT 10-K’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/23/15  INVENT Ventures, Inc.             NT 10-K/A  12/31/14    1:21K                                    Action Edgar Fil… Svc/FA

Amendment to Notice of a Late Filing of a Form 10-K   —   Form 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-K/A   Form 12B25 Amended Notice of Late Filing            HTML     16K 


This is an HTML Document rendered as filed.  [ Alternative Formats ]



  Form 12b25 Amended Notice of Late Filing  





COMMISSION FILE NUMBER:  814-00720



FORM 12B-25

NOTIFICATION OF LATE FILING


(Check One):

  X .  Form 10-K          .  Form 20-F         .  Form 11-K          .  Form 10-Q         .  Form N-SAR


For Period Ended:  December 31, 2014


      .   Transition Report on Form 10-K

      .   Transition Report on Form 10-F

      .   Transition Report on Form 11-K

      .   Transition Report on Form 10-Q

      .   Transition Report on Form N-SAR



For the Transition Period Ended:


Read Attached Instruction Sheet Before Preparing Form.  Please Print or Type.


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 (FORMER NAME IF APPLICABLE)


     INVENT Ventures, Inc.


ADDRESS OF PRINCIPAL EXECUTIVE OFFICE (STREET AND NUMBER)


     1930 Ocean Avenue #205


CITY, STATE AND ZIP CODE


     Santa Monica, CA 90405









                     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) [Paragraph 23,047], 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, 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 [Amended in Release No. 34-26589 (Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306.]

 

 

 

(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, 20-F, 11-K, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed period.  [Amended in Release No. 34-26589 (Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306.]


Invent Ventures, Inc. (the “Registrant”) previously filed an NT 10-K on April 1, 2015 that stated the following:


“Invent Ventures, 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, 2014 (the “Annual Report”) by the March 31, 2015 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 review of the financial statements for the period ended December 31, 2014 to be incorporated in the Annual Report. The Registrant anticipates that it will file the Annual Report no later than the fifteenth calendar day following the prescribed filing date.”


This NT 10-K/A is being filed to amend the following statement from the NT-10:


The Registrant anticipates that it will file the Annual Report no later than the fifteenth calendar day following the prescribed filing date.”


The Registrant did anticipate filing the Annual Report no later than April 15, 2015.  However, the Registrant was unable to meet that deadline due to financial constraints and Registrant will require additional time before filing its Annual Report.  The Registrant will be unable to complete its audit and file its Annual Report until payment can be made to the Registrant’s auditor. The Registrant is not able to make payment until additional capital is received.  The Registrant is currently pursuing multiple funding paths, but cannot accurately predict if and when funding will be received, and thus cannot make an estimate for when the audit will be complete and the Annual Report will be filed.


The Registrant is also amending its answer from “no” to “yes” to the third question in Part IV – Other Information, which reads:


“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    X .  No “


The Registrant will also be providing an explanation of the anticipated change in Part IV – Other Information below.





                         PART IV - OTHER INFORMATION


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


     Bryce Knight                     (702)  943-0320

     --------------               ----------------------------------

        (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 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 statements to be included in the subject report or portion thereof?


                                                     X .   Yes       .  No


If so, attached 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 Registrant anticipates a significant reduction in Net Asset Value from the corresponding period for the last fiscal year.  The anticipated reduction in Net Asset Value from the 2013 Annual Report is expected to be approximately $7 million from $8.6 million on December 31, 2013 to under $2 million on December 31, 2014.  The reduction in Net Asset Value is attributable to significant write-downs of unrealized gains on multiple portfolio companies, which will be disclosed in more detail in the Registrant’s 2014 Annual Report.



INVENT Ventures, 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: April 23, 2015            By: /s/ Bryce Knight

                                                     --------------------

                                               Bryce Knight

                                               Chairman and Chief Executive 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).





Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘NT 10-K/A’ Filing    Date    Other Filings
Filed on / Effective on:4/23/15
4/15/15
4/1/15NT 10-K
3/31/15
For Period End:12/31/14NT 10-K
12/31/1310-K,  10-K/A,  NT 10-K
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Filing Submission 0001078782-15-000629   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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