Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 14 2019 - 3:51PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
SEC
FILE NUMBER: 001-36453
CUSIP
NUMBER: 868153107
(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, 2019
[_]
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: ________________________
Read
Instruction (on back page) 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
Superior
Drilling Products, Inc.
Full
Name of Registrant:
N/A
Former
Name if Applicable
1583
South 1700 East
Address
of Principal Executive Office (
Street and Number
)
Vernal,
Utah 84078
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
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
|
[X]
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(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 on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due date; and
|
|
(c)
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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 why Forms 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.
The
Company is unable to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 because the review of the
disclosures and presentation respecting a prior period restatement to be contained in the Form 10-Q has not yet been completed.
PART
IV - OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification:
Chris
Cashion, Chief Financial Officer
|
|
435
|
|
789-0594
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(Name)
|
|
(Area
Code)
|
|
(Telephone
No.)
|
(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 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.
As
stated in the Company’s press release dated July 31, 2019 furnished as Exhibit 99.1 to the Company’s Form 8-K filed
with the Securities and Exchange Commission on July 31, 2019, the Company is fully reserving a related party note receivable effective
August 2017 as part of a restatement of its previously issued financial statements. The Company is also evaluating the impact
on previously recognized interest income. The errors will be corrected in restated financial statements included in an amendment
to the Annual Report on Form 10-K for the year ended December 31, 2018 and the Quarterly Report on Form 10-Q for the quarter ended
March 31, 2019.
Superior
Drilling Products, 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: August 14, 2019
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By:
|
/s/
Chris Cashion
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|
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Chief Financial Officer
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INSTRUCTION:
The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of
the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority
to sign on behalf of the registrant shall be filed with the form.
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