UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

SEC FILE NUMBER 1-31949
CUSIP NUMBER 46185W109


                             
 
(Check One):  x Form 10-K     o Form 20-F     o Form 11-K     o Form 10-Q      o Form 10-D
 
o Form N-SAR     o Form N-CSR
 

For Period Ended:      December 31, 2010

o   Transition Report on Form 10-K
o   Transition Report on Form 20-F
o   Transition Report on Form 11-K
o   Transition Report on Form 10-Q
o   Transition Report on Form N-SAR

For the Transition Period Ended: ______________________________________
 
Read attached instruction sheet 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


INX Inc.
 
Full Name of Registrant   

Former Name If Applicable

11757 Katy Freeway  

Address of Principal Executive Office (Street and Number)

Houston, Texas 77079  

City, State and Zip Code
 
 
1

 

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 reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
     
 
x
(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) 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 the Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR or N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)

As previously announced, on its Current Report on Form 8-K as filed on June 21, 2010, the Company identified errors in the recognition of revenue and its previously filed financial statements can no longer be relied upon.  The Company is finalizing its efforts with regard to correcting these errors and completing the related audit activities and is therefore unable to file its Annual Report on Form 10-K for the year ended December 31, 2010 within the prescribed time period.  The Company plans on filing its Form 10-K by the extended deadline.


PART IV - OTHER INFORMATION

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

 
 
Philip Rydzewski             713-795-2000
 
 
(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).    
 
o Yes      No 
 
The Company’s Annual Report on Form 10-K for the year ended December 31, 2009 has not been filed, and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010 have not been filed.  The Company plans on submitting these filings concurrently with its Annual Report on Form 10-K for the year ended December 31, 2010.

 (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?
o Yes     o No 1

 
2

 
 
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.

 
INX Inc.  

 (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date    March 31, 2011
 
By:
       / s/ Philip Rydzewski  
     
Name: Philip Rydzewski
 
     
Title: Chief Financial Officer
 
 



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