UNITED STATES SECURITIES AND EXCHANGE COMMISSION Sec File Number 0-28152 Cusip Number 00826M103 WASHINGTON, DC 20549 FORM 12b-25 NOTIFICATION OF LATE FILING [ ] 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: March 31, 2000 [ ] 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: _______________ 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: This notification relates to the infomation required by Part I, Items 1, 2, and 3, of Form 10-Q. Part I - Registrant Information AFFINITY TECHNOLOGY GROUP, INC Full Name of Registrant NOT APPLICABLE Former Name if Applicable 1201 MAIN STREET, SUITE 2080 Address of Principal Executive Office (Street and Number) COLUMBIA, SOUTH CAROLINA 29201 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, 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. Part III - Narrative 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. On May 12, 2000 and in connection with conversations between the Registrant and its independent auditors, Ernst & Young, LLP, the Registrant became aware of an issue that may affect its accounting for compensation expense associated with its stock option plans. Such issue could not be resolved prior to the prescribed date for the filing of the Registrant's 10-Q for the quarter ended March 31, 2000. Resolution of such issue may affect the Registrant's financial results for the quarter ended March 31, 2000 and, possibly, periods prior thereto. The Registrant currently is unable to quantify the impact, if any, on financial results. Part IV - Other Information (1) Name and telephone number of person to contact in regard to this notifica- tion: Joseph A.Boyle (803) 758-2528 (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 earnings statements to be included in the subject portion thereof? SEE NARRATIVE IN PART III ABOVE. [ ] 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. AFFINITY TECHNOLOGY GROUP, INC. (Name of Registrant as specified in charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 16, 2000 By: /s/ Joseph A. Boyle Joseph A. Boyle Chief Financial Officer