If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
N/A
Part I--Registrant Information
Full
Name of
Registrant: AEROCENTURY
CORP.
Former
Name if Applicable:
Address
of Principal Executive Office (Street and Number):
1440 CHAPIN AVENUE, SUITE 310 BURLINGAMECA94010
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
12(b)-25(b), the following should be completed. (Check
box if appropriate)
(a)
The
reason 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, Form 11-K, Form
N-CEN or Form 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 or 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
(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-CEN, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time
period.
The
Registrant is unable to file its Annual Report on Form 10-K within
the prescribed time period because the significant effort in
preparing for the filing of the voluntary petition for relief under
Chapter 11 of Title 11 of the United States Code in the United
States Bankruptcy Court for the District of Delaware on March 29,2021 required a dedication of Registrant personnel and resources
that precluded the Registrant from completing the coordination and
review of its financial statements for the reporting period by the
Registrant’s auditors.
Part IV--Other Information
(1) Name and telephone number of person to
contact in regard to this notification: Timothy Harris
(650-813-5784
(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; attach an explanation of the anticipated change, both
narratively and quantitively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made.
The
registrant anticipates that the unaudited results of operations for
the fiscal year ended December 31, 2020 will reflect a pre-tax loss
of approximately $45.8 million and an after-tax loss of
approximately $42.2 million, whereas results of operations for the
fiscal year ended December 31, 2019 reflected a pre-tax loss of
approximately $21.2 million and an after-tax loss of approximately
$16.7 million. The greater losses in fiscal 2020 resulted mostly
from reduced operating lease and maintenance revenue in fiscal 2020
as compared to fiscal 2019.
AEROCENTURY CORP.
(Name of Registrant as specified in charter)
has
caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
