SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-10690
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NOTIFICATION OF LATE FILING
(Check One): [X]Form 10-KSB [ ]Form 11-K [ ]Form 20-F [ ]Form 10-QSB
[ ]Form N-SAR
For Period Ended: DECEMBER 31, 2003
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[ ] 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 N-SAR
For the Transition Period Ended:
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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:
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PART I - REGISTRANT INFORMATION
Science Dynamics Corporation
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Full name of registrant
n/a
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Former name if applicable
7150 N.Park Drive, Suite 500
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Address of principal executive office (STREET AND NUMBER)
Pennsauken, NJ 08109
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City, state and zip code
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.)
(a) | The reasons 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, 20-F, 11-K, or Form N-SAR, 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, 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 Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The compilation, dissemination and review of the information required to be
presented in the Form 10-KSB for the relevant fiscal year has imposed time
constraints that have rendered timely filing of the Form 10-KSB impracticable
without undue hardship and expense to the registrant. The registrant
undertakes the responsibility to file such annual report no later than
fifteen days after its original date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Alan C. Bashforth 856 910-1166
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(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: 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 experienced significant changes in Sales results and operating
losses since the corresponding period for the last fiscal year. The
Company's net sales increased to approximately $4,108,510 for the year ended
December 31, 2003, compared to 975,473 for the year ended December 31, 2002.
As a result, the Company realized net losses of approximately 282,167 for
the year ended December 31, 2003, compared with losses of 2,771,090 for the
year ended December 31, 2002. These amounts represent approximately a four
fold increase in net sales of the Company and a reduction of net losses of
approximately 90%.
During 2003 Executive changes occurred. Ms Joy Hartman resigned as CFO and
remains available to the company on an as and when need consultancy basis.
Mr Paul Burgess joined the company on March 1st as COO.
Further information and final figures will be disclosed in the Company's
10-KSB filing due within the next 15 days.
Science Dynamics Corporation
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 30, 2004 By: /s/ Alan C. Bashforth
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Alan C. Bashforth
President/CEO/Acting CFO
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.