UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  FORM 12B-25

                          NOTIFICATION OF LATE FILING

                           SEC File Number: 001-15931
                            CUSIP Number: 00371F206



(Check One):[X]Form 10-K and Form 10-KSB [ ]Form 20-F [ ]Form 11-K
            [ ]Form 10-Q and Form 10-QSB [ ] Form N-SAR

                       For Period Ended: December 31, 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

               For the Transition Period Ended: ------------------

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  Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.

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      NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION
                 HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

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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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                             ABLEAUCTIONS.COM, INC.
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                             Full Name of Registrant


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                           Former Name if Applicable


                              1963 Lougheed Highway
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           Address of Principal Executive Office (Street and Number)


                   Coquitlam, British Columbia, Canada V3K 3T8
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                            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;

   [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  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

   [X]    (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 the 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  time period.  (ATTACH EXTRA
SHEETS IF NEEDED)

Our accountants are unable to complete the audit of our financial  statements in
sufficient  time to make a timely filing on Form 10-KSB  without undue  hardship
and expense.  Therefore, we are seeking an extension to complete the preparation
of our financial statements.


                          PART IV -- OTHER INFORMATION

(1)  Name  and  telephone  number  of  persons  to  contact  in  regard  to this
     notification.


        Ryan Pardo                    (206)                903-5453
- ------------------------------    --------------   --------------------------
          (Name)                    (Area Code)         (Telephone Number)



(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities and 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 reports been filed?  If 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?

     [  ] Yes            [ X ]   No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if separate, state the reasons why a reasonable estimate of
the results cannot be made.





                             ABLEAUCTIONS.COM, 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.



Date: April 2, 2002                  By: /s/ Ron Miller
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                                         Ron Miller
                                         Chief Financial Officer





                                   ATTENTION

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        INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
                    CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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                                                                       EXHIBIT A



                                                                          MORGAN
                                                                       & COMPANY
                                                           Chartered Accountants


April 2, 2002



Securities and Exchange Commission
Washington, DC
20549

Dear Sirs:


                            RE: ABLEAUCTIONS.COM INC.
                            -------------------------

The audit of the financial statements of Ableauctions.com Inc. for the year
ended December 31, 2001 is unable to be completed in a timely manner as we have
not received the financial information relating to a subsidiary company located
in the United Kingdom.  According to management of the Company, the financial
information required cannot be obtained on a timely basis without undue expense
and hardship.

Yours truly,


/s/ Jim Philip
Jim Philip, C.A.
for MORGAN & COMPANY

JLP/nm


Tel: (604) 687-5841          MEMBER OF             P.O. Box 10007 Pacific Centre
Fax: (604) 687-0075            ACPA         Suite 1488 - 700 West Georgia Street
www.morgan-cas.com         International                 Vancouver, B.C. V7Y 1A1