UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC FILE NUMBER          000-54323

CUSIP NUMBER          75746Q103

 

(Check one): ☐ Form 10-K     ☐ Form 20-F     ☐ Form 11-K     ☒ Form 10-Q     ☐ Form 10-D     ☐ Form N-CEN     ☐ Form N-CSR

 

For Period Ended: March 31, 2021

☐ Transition Report on 10-K

☐ Transition Report on 20-F

☐ Transition Report on 11-K

☐ Transition Report on 10-Q

☐ Transition Report on N-SAR

For the Transition Period Ended:                                                                                                  

 

PART I – REGISTRANT INFORMATION

 

RedHawk Holdings Corp.

 

Full Name of Registrant

 

 

Former Name if Applicable

 

100 Petroleum Drive, Suite 200

 

Address of Principal Executive Office (Street and Number)

 

Lafayette, Louisiana 70508

 

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;

(b)   The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN 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

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)

 

 

 

 

RedHawk Holdings Corp. (the “Company”) has been working diligently to complete all of the required information for its quarterly report on Form 10-Q for the three and nine month periods ended March 31, 2021 (the “Form 10-Q”). However, the Company was unable to complete the Form 10-Q by the May 17, 2021 due date without unreasonable effort and expense due to delays in the compilation of certain financial information of its domestic and international operations which have delayed the timely preparation of the information required to be included in the Form 10-Q. The Company intends to file a complete Form 10-Q for the three and nine month periods ended Mar 31, 2021 as soon as practicable within the extension period of five calendar days provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The delay could not be eliminated without unreasonable effort or expense.

  

PART IV – OTHER INFORMATION

 

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

 

  G. Darcy Klug   (337)   269-5933
  (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 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.

 

Gross revenue for the nine month period ended March 31, 2021 was approximately $870,000. Net of distributor and introductory discounts of approximately $180,000, net revenue for the nine month period ending March 31, 2021 was approximately $690,000. For the corresponding nine month period ended March 31, 2020, the Company reported gross revenue of approximately $314,000. Net of introductory discounts of approximately $96,000, net revenue for the nine month period ending March 31, 2020 was approximately $218,000. There were no distributor discounts for the nine month period ended March 31, 2020.

 

Total operating expenses for the nine month periods ended March 31, 2021 and March 31, 2020 were approximately $1,115,000 and $1,036,000, respectively.

 

Net loss from operations for the nine month periods ended March 31, 2021 and March 31, 2020 was approximately $425,000 and $818,000, respectively.

 

 

 

 

RedHawk Holdings Corp.
(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, 2021

 By   /s/ G. Darcy Klug
     
         G. Darcy Klug
         Chief Financial Officer and Director
         (Authorized representative)

 

 

 

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