Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 16 2018 - 6:11AM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
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SEC
FILE NUMBER
000-50494
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NOTIFICATION
OF LATE FILING
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CUSIP
NUMBER
917296204
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(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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☐
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Form 11-K
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☑
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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:
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March
31, 2018
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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:
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Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of
the filing checked above, identify the Item(s) to which the notification relates:
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PART I — REGISTRANT INFORMATION
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uSell.com,
Inc.
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Full Name of Registrant.
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N/A
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Former Name if Applicable
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171
Madison Avenue, 17
th
Floor
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Address of Principal Executive Office
(Street
and Number)
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New
York, New York 10016
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City, State and Zip Code:
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PART II — RULES
12b-25(b) AND (c)
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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)
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(a)
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The
reason 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, 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
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☑
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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
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State below in reasonable detail the reasons
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.
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The Company has been delayed in filing their
10-Q due to the Company attending to recent changes to one of the Company’s loan agreements.
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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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Michael
D. Harris
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(561)
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471-3507
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(Name)
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(Area Code)
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(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 answer is no, identify report(s).
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Yes
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☑
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No
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☐
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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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Yes
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☑
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No
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☐
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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.
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The
Company’s revenue for the three months ended March 31, 2018 decreased to $14,173,604 from $27,631,499 for the three
months ended March 31, 2017 and the net loss increased to $2,373,803 for the three months ended March 31, 2018 from $746,480
for the three months ended March 31, 2017.
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uSell.com,
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 hereunto duly authorized.
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Date:
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May 15, 2018
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By:
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/s/
Nikhil Raman
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Nikhil Raman
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Title:
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Chief Executive Officer
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