Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
September 12 2016 - 4:08PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number_000-51791
NOTIFICATION OF LATE FILING
(Check One):
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¨
Form 10-K
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Form 11-K
¨
Form 20-F
x
Form 10-Q
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¨
Form N-SAR
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For Period Ended: July 31, 2016
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¨
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Transition Report on Form 10-K
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¨
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Transition Report on Form 20-F
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¨
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Transition Report on Form 11-K
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¨
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Transition Report on Form 10-Q
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¨
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Transition Report on Form N-SAR
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For the Transition Period Ended:
Read attached instruction
sheet 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
Innovative Designs, Inc.
Full Name of Registrant
n/a
Former Name if Applicable
124 Cherry St.
address of Principal Executive Office (Street and Number)
Pittsburgh, PA 15215
City, State and Zip Code
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
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(a)
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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)
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The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 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, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III
NARRATIVE
State below in reasonable detail why the
Form 10-K, 11-K, 20-F 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
Our outside auditors have not completed their work in connection
with compiling the financial information that is a part of the Form 10-Q. It is expected that the work will be completed within
the extended filing period.
________
________
________
PART IV
OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this notification
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609.332.1791
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(Name) John Thomas
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(Area Code) (Telephone Number)
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(2)
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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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x
Yes
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No
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(3)
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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?
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x
Yes
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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.
Revenues decreased from $ 549,374 for the nine month period ended
July 31, 2015, to approximately $497,807, for the nine month period ended July 31, 2016.
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Innovative Designs, Inc.
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(Name of Registrant as Specified in Charter)
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Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date
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September, 12, 2016
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By
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/s/ Joseph Riccelli
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Joseph Riccelli, CEO
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