UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Commission File Number: 001-31238
NOTIFICATION OF LATE FILING
(Check one): þ Form 10-K ___ Form 20-F ___ Form 11-K ___ Form 10-Q ___ Form 10-D ___ Form N-SAR ___ Form N-CSR
For Period Ended: June 30, 2012:
___ 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:
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 Items(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Full Name of Registrant: HYDROMER, INC.
Former Name if Applicable:
Address of principal executive Office (Street and number): 35 Industrial Parkway
City, State and Zip Code: Branchburg, NJ 08876
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 appropriate box.)
þ (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
þ (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 the reasons why Form 10-K, 11-K, 20-F, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)
The registrant is unable to file its Form 10-K for the fiscal year ended June 30, 2012 by the prescribed date of September 28, 2012 as it has not yet finalized an agreement with its mortgage holder on certain financial covenants not being met. Without any agreement, the covenants would require the entire mortgage balance, reflected in the Company's current and long term liabilities, be classified as current in its entirety as it becomes “callable” despite the debt obligations fully being met on a current basis (is a performing loan to the mortgage holder). The registrant expects the Form 10-K to be filed on or prior to the prescribed extended date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Robert Lee (908) 722-5000
(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).
þ 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? þ Yes No
For the fiscal year ended June 30, 2012, the registrant will be reporting a pre-tax loss of $280,354 as compared with a pre-tax loss of $908,360 for the fiscal year ended June 30, 2011.
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.
Hydromer, Inc
-----------------------------------------------------------
(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 28th 2012 | Hydromer, Inc |
By: /s/ Robert Y Lee | |
Robert Y Lee Vice President, Chief Financial officer |