SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING |
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CUSIP NUMBER |
For the period ended: September 30, 2007 | | 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 149 Avenue at the Common, Suite 4 Shrewsbury, New Jersey 07702 |
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 Form 10-K for Stratus Services Group, Inc. (the "Company") will not be filed on December 31, 2007, the required filing date, because the Company's management and independent auditor are unable to complete the review of its consolidated financial statements by December 31, 2007. The delay cannot be cured without unreasonable effort or expense. The Company further represents that the Form 10-K will be filed no later than the 15th day following the date on which the Form 10-K was due. Part IV-Other Information (1) Name and telephone number of person to contact in regard to this notification: |
Michael A. Maltzman, Chief Financial Officer | 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. In December 2005, the Company sold substantially all of the assets that were used to conduct its staffing services business. The Company expects to report a net loss from continuing operations of $.7 million for the 2007 fiscal year compared to $2.1 million for the 2006 fiscal year. The Company expects net (loss) attributable to common stockholders of $.3 million for the 2007 fiscal year compared to a net earnings of $1.4 million for the 2006 fiscal year. The 2007 and 2006 results include a $.5 million and $3.8 million gain, respectively, on sale of discontinued operations. |
Date: December 21, 2007 | 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). |