UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number 0-22055
CUSIP Number 87305 U102
(CHECK ONE): | | Form 10-KSB | | Form 20-F | | Form 11-K |X| Form 10-QSB
| | Form 10-D | | Form N-SAR | | Form N-CSR
For Period Ended: September 30, 2007
| | Transition Report on Form 10-KSB
| | Transition Report on Form 20-F
| | Transition Report on Form 11-K
| | Transition Report on Form Form 10-QSB
| | 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
AMEDIA NETWORKS, INC.
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FULL NAME OF REGISTRANT
541 INDUSTRIAL WAY WEST, SUITE B
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ADDRESS OF PRINCIPAL EXECUTIVE OFFICE
EATONTOWN, NEW JERSEY 07724
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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 box if appropriate)
| (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
| Forms 10-KSB, 20-F, 11-K, Form N-SAR or Form N-CSR, or portion
|X| | 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, 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-KSB, 20-F, 11-K,
10-QSB, 10-D, N-SAR, N-CSR or the transition report portion thereof could not be
filed within the prescribed time period.
The registrant's Quarterly Report on Form 10-QSB for the three months ended
September 30, 2007 could not be filed by the prescribed due date because the
registrant had not yet finalized its treatment and disclosure of certain
material events. The registrant is unable to file such report within the
prescribed time period without unreasonable effort or expense. The registrant
anticipates that the subject quarterly report will be filed on or before
November 19, 2007.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
JAMES D. GARDNER, CFO (732) 440-1959
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(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). Yes |X| 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.
For the three and nine months ended September 30, 2006, the registrant recorded
revenues of $4,224 and $29,603, respectively, and a net loss applicable to
common stockholders of $4,683,345 and $14,407,982 respectively. For the three
and nine months ended September 30, 2007, the registrant currently estimates
that it had revenues of approximately $100 and $234,500 and a net loss
applicable to common stockholders of approximately $2,859,527 and $9,337,721.
Results for the 2007 period remain subject to further adjustment and actual
results may differ significantly from the foregoing estimates.
This decrease in net loss for the 2007 period as compared to 2006 is primarily
attributable to decreased operating expenses and a one time charge for a deemed
dividend in 2006, offset by higher interest expense in 2007.
This Notification of Late Filing on Form 12b-25 contains forward-looking
statements, including forward-looking statements relating to the Registrant's
financial results for the fiscal quarter ended September 30, 2007. These
statements are based on management's current expectations and involve a number
of risks and uncertainties, including risks described in our filings with the
Securities and Exchange Commission. The Registrant's actual results may differ
materially from the Registrant's anticipated or expected results and the results
in the forward-looking statements.
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AMEDIA NETWORKS, 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: NOVEMBER 14, 2007 By: /s/ JAMES D. GARDNER
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James D. Gardner
Chief Financial Officer