UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): o Form 10-K ☐ Form 20-F o Form 11-K ☒ Form 10-Q Form N-SAR o Form N-CSR
For Period Ended: June 30, 2014
oTransition Report on Form 10-K
oTransition Report on Form 20-F
oTransition Report on Form 11-K
oTransition Report on Form 10-Q
oTransition 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: N/A
PART I -- REGISTRANT INFORMATION
Global Digital Solutions, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
777 South Flagler Drive, Suite 800
Address of Principal Executive Office (Street and Number)
West, West Palm Beach, Florida 33401
City, State and Zip Code
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)
x
| (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 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
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Global Digital Solutions, Inc. (the “Registrant”) is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (the “Quarterly Report”) by the August 15, 2014 filing date due to a delay experienced in furnishing the required information to its independent auditor’s for them to complete their review of the financial statements included in the Quarterly Report. The Registrant anticipates that it will file the Quarterly Report no later than August 20, 2014.
PART IV -- OTHER INFORMATION
Name and telephone number of person to contact in regard to this notification
| David A. Loppert | (561) | 515-6163 |
| (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 answer is no, identify report(s). Yes x Noo
(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 x No o
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 Registrant expects to report a net loss for the six months ending June 30, 2014 of approximately $6.1 million compared to approximately $3.3 million for the six months ending June 30, 2013. The increase in the net loss is primarily due to higher selling, general and administrative expenses in 2014, including non-cash compensation charges and acquisition costs in connection with NACSV, reduced by a one-time gain on extinguishment of debt. The Company’s estimated expenses and net loss as presented herein are preliminary and subject to change and should not be relied on.
Global Digital Solutions, 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: August 13, 2014 | By: | /s/ David A. Loppert |
| Name: | David A. Loppert | |
| Title: | Chief Financial Officer |
