SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING |
SEC FILE NUMBER | 001-15789 | |
CUSIP NUMBER | 863170304 |
For the period ended: December 31, 2005 | | 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 NSAR 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 related to a portion of the filing checked above, identify the item(s) to which notification relates: |
Part I-Registrant Information | ||
Full name of Registrant: Former name if Applicable: Address of Principal Executive Office (Street and Number): City, State and Zip Code: | Stratus Services Group, Inc. N/A 500 Craig Road, Suite 201 Manalapan, New Jersey 07726 |
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.) | |||
|X| | (a) The reasons described in 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 of Forms 10-K, 10-KSB, 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and |
Part III-Narrative State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-QSB, N-SAR, N-CSR or the transition report portion thereof could not be filed within the prescribed time period. The Report on Form 10-Q of Stratus Services Group, Inc. for the fiscal quarter ended December 31, 2005 could not be filed on February 14, 2006, the required filing date, without unreasonable effort and expense, as a result of complexities associated with accounting for certain material transactions which occurred during the quarter. Part IV-Other Information (1) Name and telephone number of person to contact in regard to this notification: |
Michael A. Maltzman | 732 | 866-0300 |
(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? |X| Yes | | No If the answer is no, identify report(s)(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 quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. The Company completed a series of asset sales transactions in December 2005 pursuant to which, it sold substantially all of the assets used to conduct its staffing service business. Accordingly, the results of the prior year have been restated to present discontinued opertions. The Company expects to report a net loss from continuing operations of $1.2 million for the three months ended December 31, 2005, compared to $1.0 million for the three months ended December 31, 2004. The net earnings from discontinued operations is expected to be $3.0 million (including $3.2 million gain on sale of discontinued operations) for the three months ended December 31, 2005, compared to $1.0 million for the three months ended December 31, 2004. |
Date: February 14, 2006 | By: | /s/ Michael A. Maltzman Michael A. Maltzman Chief Financial 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. Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |