UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number ________________________
(Check One) |_| Form 10-K and Form 10-KSB |_| Form 11-K |_| Form 20-F |X| Form
10-Q and Form 10-QSB |_| Form N-SAR
For Period Ended: March 31, 2004
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|_| Transition Report on Form 10-K and Form 10-KSB
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q and Form 10-QSB
|_| Transition Report on Form N-SAR
For the Transition Period Ended: ________________________
Read Instruction (on back page) 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
Lapis Technologies, Inc. Full Name of Registrant
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Former Name if Applicable
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19 W. 34th Street, Suite 1008 Address of Principal Executive Office
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(Street and Number)
New York, NY, 10001 City, State and Zip Code
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PART II--RULE 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 Forms 10-K, 10- KSB, 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, 10- QSB, 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 reason why Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10- QSB, N-SAR, or the transition report portion thereof could not be
filed within the prescribed time period.
The filing of our Form 10-QSB could not be filed within the prescribed time
period due to unexpected delays in completing our financial statements and
providing them to our independent accountants for review.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Adam S. Gottbetter, Esq. (212) 400-6900
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Name (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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?
|__| Yes |X| No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reason why a reasonable estimate
of the results cannot be made.
Lapis Technologies, 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 17, 2004 By: /s/ Harry Mund
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Harry Mund, President