U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12b-25
Commission File Number 333-30176
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 2007
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: ________________________________________
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.
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
Full Name of Registrant CANEUM, INC.
Former Name if Applicable
Address of principal executive office (Street and number)
3101 West Coast Highway
Suite 400
City, State and Zip Code Newport Beach, CA 92663-4401
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;
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 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 the form 10-K, 11-K,
20-F, 10-Q or N-SAR, or the transition report or portion thereof could not be
filed within the prescribed time period. (Attach extra sheets of needed.)
The Company has been unable to complete the review process with the
auditor.
Part IV-Other Information
1. Name and telephone number of person to contact in regard to this
notification
GARY ALLHUSEN 949 273-4000
(Name) (Area Code) (Telephone No.)
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 report or portion thereof?
[X] Yes [ ] No
2
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 can not be made.
CANEUM, 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: March 26, 2008 By /s/ Gary Allhusen
Gary Allhusen
Executive Vice-President
3
Attachment
Explanation of Change in Results from Prior Year
Below is a summary of the anticipated changes in the results of operations from
year ended December 31, 2006, to year end December 31, 2007.
The year ended
December 31
------------------------------
2006 2007
----------- -----------
(estimated)
Revenue $ 6,988,283 $11,904,857
Cost of Revenue $ 5,343,193 $ 9,681,467
Gross Profit $ 1,645,090 $ 2,223,390
Operating Expenses $ 3,570,661 $ 4,741,863
Net (Loss) $(2,040,754) $(2,966,415)
Beneficial
Conversion Charge $ 755,048 -
Net (Loss) to
Common Stockholders $(2,795,802) $(2,966,415)