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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING
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0-49649
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CUSIP NUMBER
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728127101
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(Check one): _X_ Form 10-K ___ Form 20-F ___ Form 11-K ___
Form 10-Q ___ Form N-SAR ___ Form N-CSR
For Period Ended: December 31, 2005
___ 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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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
Playlogic Entertainment, Inc.
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Full Name of Registrant
Donar Enterprises, Inc.
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Former Name if Applicable
Concertgebouwplein 13, 1071 LL
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Address of Principal Executive Office (Street and Number)
Amsterdam, The Netherlands
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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)
(a) The reasons described in reasonable 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 on
_X_ Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report of
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 Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, N-CSR or the transition report or portion thereof, could not be filed
within the prescribed time period.
The Registrant is still in the process of completing its financial statements
for the year ended December 31, 2005. As a result, the Registrant is seeking the
extension provided by filing this Form 12b-25 in order to allow the Registrant
more time to complete preparation. The delay could not be eliminated without
unreasonable effort or expenses because the Registrant has limited financial
staff. Management has been working diligently to analyze and accurately report
its financial performance. The Registrant expects that it will be able to
complete the work in time for the Registrant to file its Form 10-KSB for the
fiscal year ended December 31, 2005 prior to the reporting deadline provided by
such extension. No auditors' statement or other exhibits required by Rule
12b-25(c) is applicable.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Willem M. Smit (011) 31-20-676-0304
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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 answer is no,
identify report(s). Yes _X__ No ___
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(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 appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
On June 30, 2005, Donar Enterprises, Inc., the Company's predecessor ("Donar"),
Playlogic International N.V., a corporation formed under the laws of The
Netherlands ("Playlogic"), and the shareholders of Playlogic ("Playlogic
Shareholders") entered into a Securities Exchange Agreement. Pursuant to this
agreement, Playlogic Shareholders exchanged 100% of the issued and outstanding
ordinary shares and preferred shares of Playlogic for an aggregate 21,836,924
shares of Donar's common stock. As a result of this transaction, Playlogic
became Donar's wholly owned subsidiary, which now represents all of Donar's
commercial operations, and Playlogic Shareholders control approximately 91% of
the outstanding common stock of Donar, post-transaction. On August 1, 2005,
Donar merged with a wholly owned subsidiary named Playlogic Entertainment, Inc.,
and in connection with such merger, Donar changed its name to Playlogic
Entertainment, Inc.
The abovementioned share exchange on June 30, 2005 effected a change in control
of the Registrant and was accounted for as a "reverse acquisition" whereby
Playlogic is the accounting acquior for financial statements purposes.
Accordingly, for all periods subsequent to June 30, 2005, the financial
statements of the Registrant reflect the historical financial statements of
Playlogic since its inception and the results of operations of the Registrant
subsequent to June 30, 2005. The financial statements to be included in the
Registrant's Form 10-KSB for the period ended December 31, 2005 will reflect the
operations of Playlogic. For the reasons stated in Part III, a reasonable
estimate of the quantitative operation results of the Registrant after the
merger cannot be accurately made as of this date.
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Playlogic Entertainment, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 31, 2006 By /s/ Willem M. Smit
Willem M. Smit
Chief Executive Officer
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