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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b - 25
NOTIFICATION OF LATE FILING
CUSIP NUMBER
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(Check One): (x) Form 10-KSB ( ) Form 20-F ( )Form-K ( )Form 10-Q
( ) Form N-SAR
( ) Transition Report on Form 10-KSB
( ) Transition Report on Form 20-F
( ) Transition Report on Form 11-K
( ) Transition Report on Form 10-Q
( ) Transition Report on From N-SAR
For the Transition Period Ended: ________________
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
Waste Technology Corporation
5400 Rio Grande Avenue
Jacksonville, FL 32254
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 is 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-KSB, 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 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
The Company's auditors are unable to complete the financial statements of the
Company and their review of the financial statements in order for Company to
file within the prescribed time period due to the Company's write-down of the
value of certain slow moving and obsolete inventory. This transaction will have
a material effect on the results for the period ending October 31, 2003. The
Company anticipates that the amount of the reduction in inventory value will be
finalized shortly and the Company and its auditors will be able to complete the
financial statements and the Company will be able to file the report prior to
the expiration of the extension period.
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Part IV - OTHER INFORMATION
1) William E. Nielsen 904-358-3812
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).: (x) Yes ( ) No
3) It is 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?
(x) Yes ( ) No
See Rider to Form 12b - 25
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.
RIDER TO FORM 12b - 25
As a result of the reduction in inventory value, the Company will be recording a
one-time adjustment to the income of the Company for the period ending October
31, 2003. The net income of the Company for fiscal 2003 will be reduced by an
adjustment of approximately $250,000 resulting in a net loss of approximately
$410,000 as compared to net income of $195,084 in fiscal 2002.
WASTE TECHNOLOGY CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: January 29, 2004 By: /s/ William E. Nielsen
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William E. Nielsen
President