UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File No. 000-26645
NOTIFICATION OF LATE FILING
(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
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[ ] Transition Report of Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-QSB
[ ] 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
N/A
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Spacial Corporation
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Former Name If Applicable: N/A
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Address of Principal Executive Office
(Street and Number): Brown Place and East 132nd Street
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City, State and Zip Code: Bronx, New York 10454
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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 or semi-annual report, transition report on
Form 10-QSB or portion thereon will be filed on or before the fifth
calendar day following the prescribed due date;
[ ] (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-QSB could not be filed
within the prescribed time period
The Registrant has recently completed a transaction wherein it acquired the
business of an operating entity, Waste Recovery Technology Corporation ("WRT"),
which has required the Registrant's executive officers and employees to devote
substantial effort and expense that otherwise would have been devoted to the
preparation and filing of the Registrant's Quarterly Report on Form 10-QSB for
the period ended June 30, 2001. In addition, the Registrant has not completed
compiling the financial information of WRT required to be included in the
Quarterly Report on Form 10-QSB. For such reasons, the subject Form 10-QSB could
not be filed within the prescribed period.
The Registrant intends to file its Form 10-QSB within the next five days.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Norman A. Ponder (718) 292-1920
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(Name) (Area Code) (Telephone No.)
(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
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 Registrant will be providing financial information which includes the
consolidated financial information of WRT. As the Registrant is in the process
of compiling the consolidated financial information, a reasonable estimate of
the results of the combined entities can not be made.
Spacial Corporation
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has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 15, 2001 By: /s/ James J. Solano, Sr.
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James J. Solano Sr.,
President, Chief Executive Officer