UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
|X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
For Period Ended: March 31, 2007
|_| 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:
PART I
REGISTRANT INFORMATION
Kingston Systems, Inc.
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Full Name of Registrant
8 Merrill Industrial Drive, Unit 12
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Address of Principal Executive Office (Street and Number)
Hampton, New Hampshire, 03842
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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 appropriate box.)
|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 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
|_| (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, 11-K, 20-F,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
The Company is unable to file its form 10-KSB within the prescribed
period because it is unable to complete its audited financial statements within
such period, without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ralph McKittrick (603) 661-1626
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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). |X| Yes |_| No
Please see statement below
(3) Is it anticipated that any significant change in results of operation for
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
Kingston Systems Inc. ("the Company") acquired Parallel Robotics Systems Inc.
("Robotics") on August 18, 2005. Therefore, the twelve month period ended March
31, 2006 only reflects the results of operations of Robotics from the date of
the purchase through the end of that period. This affects the period over period
comparisons shown in the Company's March 31, 2007 10-KSB. Additionally, the
Company had fewer robot orders than expected in fiscal 2007, along with higher
expenses as the Company increased staff based upon forecast orders. Reflected in
the Company's 10-KSB for the twelve month period ended March 31, 2007 and March
31, 2006 will approximately be the following results of operations (2007 results
are subject to further review and adjustments):
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2007 2006
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Revenue $ 604,000 $ 631,000
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Net Income (Loss) $ 223,000 $(1,844,000)
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The Company's Robotics business manufactures robots. In 2007, the Company had
a gain of $921,439 upon settlement of a judgment payable and, in 2006, the
Company recognized a goodwill impairment charge of $1,787,431 related to the
acquisition of Robotics. In 2007, the non-recurring gain will cause the Company
to show net income, despite decreased revenue.
KINGSTON SYSTEMS, INC.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 29, 2007 By: /s/ Ralph McKittrick
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Ralph McKittrick
Chief Executive Officer
Instruction: The form may be signed by an executive officer of the registrant or
by any 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 officer), 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)