Security With Advanced Technology, Inc. - Notification that Quarterly Report will be submitted late (NT 10-Q)
May 15 2008 - 6:04AM
Edgar (US Regulatory)
United States
Securities and Exchange Commission
Form 12b-25
SEC File No. 001-32566
CUSIP No. 815175104
NOTIFICATION OF LATE
FILING
(Check One): [_] Form
10-K and Form 10-KSB; [_] Form 20-F;
[_] Form 11-K;
[X] Form 10-Q and Form
10-QSB; [_] Form N-SAR
For Period Ended:
March 31, 2008
_ 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: _________________
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
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Security With Advanced Technology, Inc.
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Full Name of Registrant
Former Name if Applicable
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1722 Boxelder St., Suite 101
Louisville, CO 80027
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Address of Principal
Executive Office (Street and Number) 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)
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(a)
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The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
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X
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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 or Form N-SAR, 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 portion thereof, will be filed on or before
the 5th calendar day after 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
State below in reasonable detail the
reasons why Forms 10-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
As a result of the delays in the completion of the December 31, 2007 year end close, the processing certain accounting documents and
accounting records for the three months ended March 31, 2008 was delayed and therefore the Registrant's Report on Form 10-Q regarding
the three months ended March 31, 2008 could not be timely filed without unreasonable effort or expense.
PART IV OTHER
INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification.
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Jeffrey G. McGonegal
(Name)
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(303)
(Area Code)
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475-3786
(Telephone Number)
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(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 reports(s) been filed? If answer is no,
identity report(s)
[ ]
Yes [ X ] No Form 10-KSB for the year ended December 31, 2007
(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?
[ X ]
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.
Security With Advanced Technology, Inc.
Name of Registrant as Specified in Charter
has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
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Date: May 14, 2008
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By:
/s/ Jeffrey G. McGonegal
Jeffrey G. McGonegal, Chief Financial Officer
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Security With Advanced Technology,
Inc., expects to report the following results of operations for the three month periods
ended March 31, 2008 as compared to the three months ended March 31, 2007:
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2008
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2007
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Net sales
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$
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225,000
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$
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152,320
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Net loss
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$
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(1,395,000
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)
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$
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(3,227,489
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)
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Basic and diluted net loss per share
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$
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(0.19
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)
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$
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(0.58
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)
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