Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
August 14 2023 - 4:58PM
Edgar (US Regulatory)
SEC
FILE NUMBER
001-39868 |
CUSIP
NUMBER
62011B102 |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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-CEN |
☐
Form N-CSR |
|
|
|
|
|
For
Period Ended: |
June
30, 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 |
|
|
|
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
Motorsport
Games Inc. |
Full
Name of Registrant |
|
N/A |
Former
Name if Applicable |
|
5972
NE 4th Avenue |
Address
of Principal Executive Office (Street and Number) |
|
Miami,
Florida 33137 |
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.
In
light of the recent departure of a senior level in-house accountant of the Registrant, the remaining financial reporting staff of the
Registrant will not be able to complete its quarter-end close procedures, including
the finalization of certain impairment reviews, and the preparation of the Quarterly Report on Form 10-Q for the fiscal period
ended June 30, 2023 within the prescribed time period, without unreasonable effort or expense. The Registrant fully expects to be able
to file such Form 10-Q no later than five calendar 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 |
|
Jason
Potter |
|
305 |
|
507-8799 |
|
(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? |
|
|
|
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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.
For
the quarter ended June 30, 2023, the Registrant expects to report revenues of $1.7 million, as compared to $2.0 million for the quarter
ended June 30, 2022. Currently, the Registrant is unable to provide a reasonable estimate of the anticipated
change to the Company’s net loss for the quarter ended June 30, 2023 as compared to the prior year quarter due to the reasons
set forth in Part III above. |
Motorsport
Games 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: |
August
14, 2023 |
By: |
/s/
Stephen Hood |
|
|
Name:
|
Stephen
Hood |
|
|
Title: |
Chief
Executive Officer and President |
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