DLTI DLT Resolution Inc (CE)

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC File Number: 333-148546

 

☐    Form 10-K

☐    Form 20-F

☐    Form 11-K

☒    Form 10-Q

☐    Form 10-D

☐    Form N-SAR

☐    Form N-CSR

  

For period ended: March 31, 2020                              

 

☐    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: N/A                            

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

PART I - REGISTRANT INFORMATION

 

DLT RESOLUTION, INC

Full Name of Registrant:

5940 S. Rainbow Blvd

Address of Principal Executive Office

Las Vegas, NV 98118

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.

 

		(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒		(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or 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 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

 

We are unable to file the quarterly report on Form 10-Q for the period ended March 31, 2020 within the prescribed time period because we have been hampered by certain accounting issues relating to the work of contracted accountants. We believe these matters are close to being resolved and we are working closely with our independent accounting firm to ensure that our filings are brought current in the shortest possible time.

 

PART IV - OTHER INFORMATION

 

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

  

John S. Wilkes		702		796-6363
(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). ☒ 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.

 

In February 2020, we acquired Union Strategies, Inc. ("USI"). Our statement of operations for the three months ended March 31, 2020 will include the results of USI since acquisition. In addition, we have performed an long-term asset impairment analysis as of March 31, 2020 and determined that goodwill, which we carried at $165,022 on our balance sheet is fully impaired. A charge for the impairment will be recognized in our statement of operations for the three months ended March 31, 2020.

 

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DLT RESOLUTION, 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: May 18, 2020

 

By:	/s/ John Wilkes
Name:	John Wilkes
Title:	President and Chief Executive Officer

 

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