TRGM Targeted Medical Pharma Inc (CE)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC File Number: 001-13467

 

(Check One):	[X] Form 10-K  [  ] Form 20-F  [  ] Form 11-K  [  ] Form 10-Q  [  ] Form N-SAR  [  ] Form N-CSR
	For Period Ended: December 31, 2015
	[  ] Transition Report on Form 10-K
	[  ] Transition Report on Form 20-F
	[  ] Transition Report on Form 11-K
	[  ] Transition Report on Form 10-Q
	[  ] 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

 

TARGETED MEDICAL PHARMA, INC.

Full name of registrant:

 

 

Former name if applicable:

 

2980 Beverly Glen Circle, Suite 100

Address of principal executive office (Street and number):

 

Los Angeles, CA 90077

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;
[X]	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 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 Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Targeted Medical Pharma, Inc. (the “Company”) was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 on a timely basis due to additional time needed for compilation and review to insure adequate disclosure of certain information required to be included in the Form 10-K. The Company expects to file its Form 10-K within the additional time allowed by this report.

 

PART IV — OTHER INFORMATION

 

(1)	Name and telephone number of person to contact in regard to this notification

 

	William Horne		(301) 474-9809
	(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 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

 

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.

 

Targeted Medical Pharma, Inc. (the “Company” ) anticipates that its revenue for the year ended December 31, 2015 will be approximately $5.3 million, significantly less than its revenue for the year ended December 31, 2014 of $7.1 million. The decrease in revenue is primarily the result of a decrease in cash collections from the Company’s customers that are accounted for pursuant to the cash method of accounting. The Company anticipates that its operating expenses for the year ended December 31, 2015 will be significantly less than the year ended December 31, 2014 as a result of decreases in salary and general and administrative expenses. The net loss before income taxes for the year ended December 31, 2015 is expected to be slightly less than the year ended December 31, 2014 primarily as a result of these factors.

 

 

Targeted Medical Pharma, Inc.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 31, 2016	Targeted Medical Pharma, Inc.
	(Registrant)
	/s/ William Horne
	William Horne
	Chief Financial Officer

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal criminal violations. (See 18 U.S.C. 1001).