U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-25761
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [x] Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: .................................................June 30, 2001
[ ] 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
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
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Full Name of Registrant
LOG ON AMERICA, INC.
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Former Name if Applicable
One Cookson Place, 6th Floor
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Address of Principal Executive Office (Street and Number)
Providence, Rhode Island 02903
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City, State and Zip Code
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Part II - Rules 12b-25(b) and (c)
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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;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
The registrant was unable to file its Form 10QSB for the period ended June
30, 2001, without unreasonable expense and effort due to its inability to finish
the required financial statements within a sufficient time for management to
review the financial statements with its independent accountants and to prepare
the management discussion and analysis.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Kenneth M. Cornell (401) 459-6550
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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
earning statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
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If so, attach an explanation of the anticipated changes, both narratively
and quantitatively, and if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
During the second quarter, 2001 we generated one-time losses, relating to
the impairment of certain long lived assets, which included our customer lists,
equipment and related costs. As of August 15, 2001, the impairment amount is
still to be determined, and will be included in our Form 10Q for this reporting
period. We also recognized a one-time gain of approximately $1.9 million on the
early extinguishment of debt.
LOG ON AMERICA, INC.
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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.
LOG ON AMERICA, INC.
Date: August 15, 2001 By:
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Kenneth M. Cornell, Chief Financial Officer,
Principal Financial and Accounting Officer
(duly authorized representative of the registrant)
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