Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
August 14 2024 - 3:39PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
SEC File Number: 001-31747
CUSIP Number: 913821 30 2
NOTIFICATION OF LATE FILING
(Check
one): ¨ Form 10-K ¨
Form 20-F ¨ Form 11-K x
Form 10-Q
¨ Form 10-D ¨
Form N-SAR ¨ Form N-CSR
|
For Period Ended: |
June
30, 2024 |
|
¨ 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:
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
REGISTRATION INFORMATION
Full Name of Registrant: Universal Security Instruments,
Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number): 11407
Cronhill Drive, Suite A
City, State and Zip Code: Owings
Mills, Maryland 21117
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 Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report of
Form 10-D, 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
12-b-25 (c) has been attached if applicable. |
PART III
NARRATIVE
State below in reasonable
detail the reasons why the form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
Due to ongoing global disruptions, the Registrant has experienced delays
in obtaining confirmation of balances required by auditing standards. These disruptions, within its own operations, and those of its customers
and suppliers, resulted in the independent auditors requiring additional time to complete procedures.
PART IV
OTHER INFORMATION
(1) Name and telephone number
of person to contact in regard to this notification.
|
Harvey
B. Grossblatt |
(410) |
363-3000 |
|
|
(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 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
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.
Universal Security Instruments,
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: August 14, 2024 |
By: |
/s/ Harvey B. Grossblatt |
|
|
Harvey B. Grossblatt |
|
|
President |
UNIVERSAL SECURITY INSTRUMENTS, INC.
FORM 12b-25
FISCAL QUARTER ENDED JUNE 30, 2024
PART IV, ITEM 3
The Registrant anticipates lower sales and lower
net income for the fiscal quarter ended March 31, 2024, as compared to net sales and operating results for the corresponding period in
prior year. However, inasmuch as the Registrant has not yet completed its financial statements, at this time the Registrant is unable
to definitively quantify its results of operations.
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