Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 16 2015 - 2:27PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
Commission
File Number: 0-52524
NOTIFICATION
OF LATE FILING
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Form 10-K |
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Form 20-F |
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Form 11-K |
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Form 10-Q |
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Form 10-D |
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Form N-SAR |
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Form N-CSR |
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For
Period Ended: September 30, 2015
☐
Transition Report on Form 10-K |
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☐
Transition Report on Form 10-Q |
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Transition Report on Form 20-F |
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Transition Report on Form N-SAR |
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Transition Report on Form 11-K |
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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
Full
name of registrant |
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Thinspace
Technology, Inc. |
Former
name if applicable |
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Address
of principal executive office |
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12555
Orange Drive, Suite 216 |
City,
state and zip code |
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Davie,
FL 33330 |
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.)
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(a) |
The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or
expense;
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(b) |
The subject annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K or Form N-SAR or Form N-CSR, 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 subject distribution
report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(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, N-CSR, or the transition report portion thereof,
could not be filed within the prescribed time period.
The
compilation, dissemination and review of the information required to be presented in the Form 10-Q for the relevant fiscal quarter
has imposed time constraints that have rendered timely filing of the Form 10-Q impracticable without undue hardship and expense
to the registrant. The registrant undertakes the responsibility to file such quarterly report no later than 5 days after its original
due date.
Part
IV
Other
Information
(1) Name
and telephone number of person to contact in regard to this notification
J.
Christopher Bautisa |
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(786)
763-3830 |
(Name)
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(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 the answer is no, identify report(s).
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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 ☐ 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.
Based
on preliminary financial statements, the registrant will show net revenue was $1,394,000 for the nine months ended September 30,
2015 compared to net revenue of $5,700,775 for the nine months ended September 30, 2015. The decrease is primarily attributable
to the delivery of a large order during the 2014 period (representing approximately 80% of 2014 revenue). Operating expense decreased
approximately 51% for the nine months ended September 30, 2015, compared to the nine months ended September 30, 2014.
Thinspace
Technology, Inc.
Name
of Registrant as Specified in Charter.
Has
caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
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Dated: November 16, 2015 | By: |
/s/ J. Christopher Bautista |
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J. Christopher Bautista Title:
Chief Executive Officer |