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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number: 0-21802
Cusip Number: 62944W207
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: December 31, 1996
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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.
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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:_____
PART I - REGISTRANT INFORMATION
N-Viro International Corporation
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Full Name of Registrant
Former Name if Applicable
3450 W. Central Avenue, Suite 328
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Address of Principal Executive Office (Street and Number)
Toledo, Ohio 43606
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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 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
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[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached of applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10K, 11-K, 10-Q,
N-SAR, or the transitional report or portion thereof could not be filed within
the prescribed time period.
The Company appointed a new Chief Financial Officer on January 9, 1997, and such
officer has had insufficient time to prepare the Form 10-K as well as the
financial statements for the year ended December 31, 1996.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
James K. McHugh Chief Financial Officer (419) 535-6374
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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 reports have been
filed? If the answer is no, identify report(s).
[ ] Yes [X] No
The Company filed a Form 12b-25 on March 28, 1996, to provide
notification of the late filing of the Form 10-K for the period ended
December 31, 1995.
(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.
See Attachment A hereto.
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N-Viro International 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: 3/28/97 By /s/ James K. McHugh
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Name: James K. McHugh
Title: Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by an 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 office), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 25049, in accordance with Rule 0-3
of the General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public
record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities
of the registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but
need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.
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ATTACHMENT A
N-Viro International Corporation (the "Company") expects to report on
Form 10-K, when filed, that consolidated revenues amounted to approximately $4.2
million for the year ended December 31, 1996, compared to $5.2 million for the
year ended December 31, 1995.
The Company anticipates generating a net loss of $193,000 for the year
ended December 31, 1996 compared to a combined net loss of $1.8 million for the
year ended December 31, 1995. The decrease in net loss was principally due to:
reduced expenditures for salaries, employee benefits and professional fees, as
well as the discontinuation of losses generated by two subsidiaries that were
sold in 1995 and early 1996.
The Company expects working capital to be approximately ($286,000) as
of December 31, 1996, compared to ($34,000) as of December 31, 1995. The
decrease in working capital was principally due to the operating loss and the
reclassification of long-term debt as current liabilities as a result of the
passage of time.
The Company expects stockholders' equity to amount to $1.4 million as
of December 31, 1996, compared to $1.6 million as of December 31, 1995. The
decrease in stockholders' equity was principally due to the operating loss.
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