Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 15 2017 - 11:59AM
Edgar (US Regulatory)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER:
000-55648
NOTIFICATION OF LATE FILING
Check One:
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¨
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Form 10-K
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¨
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Form 20-F
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Form 11-K
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x
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Form 10-Q
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¨
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Form 10-D
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¨
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Form N-SAR
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¨
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Form N-CSR
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For Period Ended: June 30, 2017
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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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Transition Report on Form 11-K
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Transition Report on Form 10-Q
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Transition Report on Form N-SAR
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For the Transition Period Ended: N/A
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: N/A
PART I. REGISTRANT
INFORMATION.
The registrant is QPAGOS (the “Company”). The
address of the Company’s principal executive office is Paseo del la Reforma 404 Piso 15 PH Col. Juarez, Del. Cuauhtemoc Mexico,
D.F. C.P. 06600.
.
PART II. RULES
12B-25 (B) AND (C)
If the subject report could
not be filed without unreasonable effort or expense and the Company seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box.)
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, 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 on 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 12b-25(c) has been attached if applicable.
PART III. NARRATIVE
The Company is unable to
file its Quarterly Report on Form 10-Q for its quarter ended June 30, 2017 by the prescribed date without unreasonable effort or
expense because the Company was unable to compile and review certain information required in order to permit the Company to file
a timely and accurate report on the Company’s financial condition. The Company believes that the quarterly report will be
completed and filed within the fifth day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as
amended.
PART IV. OTHER
INFORMATION
(1) Name
and telephone number of person to contact in regard to this notification:
Gaston Pereira +52 (55) 55-110-110
(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 Company 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 quarterly report
will be reflected by the earnings to be included in the subject report or portion thereof?
x
Yes
¨
No
The Company is unable to file, without unreasonable
effort and expense, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 because the Company is still compiling
and reviewing information to complete the review of the financial statements for that period and the Company is unable to give
an estimate at this time. The Company anticipates that its sales and cost of sales will decrease as compared to the prior quarter.
The
Company’s revenue increased by approximately $0.4 million and $0.7 million for the three and six months ended June 30,
2017 compared to the comparative periods ended June 30, 2016.
The
Company’s net loss decreased by approximately $0.4 million and $2.5 million for the three and six
months ended June 30, 2017 compared to the comparative periods ended June 30, 2016.
QPAGOS has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.
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QPAGOS
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Dated: August 15, 2017
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By:
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/s/
Mark Korb
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Mark Korb
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Chief Financial Officer
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