BIMI BIMI International Medical Inc

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 12b-25

NOTIFICATION OF LATE FILING

 

(Check one):

 

☐ 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, 2023

 

☐ 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: _________

 

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

 

BIMI International Medical Inc.

(Exact name of registrant as specified in its charter)

 

Delaware		000-50155		02-0563302
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

725 5th Avenue, 15th Floor, Suite 15-01, New York NY 10022

212 542 0028

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

 

 

PART II - RULES 12b-25 (b) AND (c)

 

If the subject report could not be filed without reasonable 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 Form10-K, Form 20-F,Form11-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

 

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 Registrant has encountered certain logistical delays in finalizing the financial information for the period ended March 31, 2023. Accordingly, the timely filing of the Form 10-Q has become impracticable without undue hardship and expense to the Registrant. The Company undertakes the responsibility to file such report no later than five days after its original prescribed due date.

 

PART IV - OTHER INFORMATION

 

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

 

Pang Zhang-Whitaker, Esq., 212.238.8844

 

(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.

 

The Registrant expects to report revenues of approximately $3,197,637 for the first quarter of 2023 as compared to revenues of $2,714,711 for the same period in 2022. The Registrant expects that it will report a net loss of approximately $883,764 for the first quarter of 2023, as compared to a net loss of $2,975,642 for the same period in 2022. The difference between the financial results for the first quarter of 2022 reported hereof and the financial results for the first quarter of 2022 reported in Form 10Q (File No. 001-34890) filed with SEC on May 20, 2022 is primarily attributable to the reclassification of certain entities of the Registrant held for sale. 

 

 

The Registrant has caused this notification to be signed on its behalf by the undersigned, hereunto duly authorized.

 

	BIMI International Medical Inc.
	(Registrant)
	By:	/s/ Tiewei Song
		Tiewei Song
		Chief Executive Officer
		Dated: May 16, 2023

 

 

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