Notification That Annual Report Will Be Submitted Late (nt 10-k)

 

 

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	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549	OMB Number:
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	FORM 12b-25	SEC FILE NUMBER
		000-29381
		CUSIP NUMBER
		00791F109

 

(Check one): Form 10-K ☒ Form N-CSR ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐

 

For Period Ended: December 31, 2022

 

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: ____________________

 

Read Instruction (on back page) 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

Advanced Container Technologies, Inc.

Full Name of Registrant:

Former Name if Applicable

1620 Commerce St.

Address of Principal Executive Office (Street and Number)

Corona, CA 92880

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.

 

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

  

SEC 1344 (06-19)

 

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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.

 

The financial information to be contained in the Registrant's Annual Report on Form 10-K for the year ended December 31, 2022, cannot be analyzed and completed on a timely basis.

 

PART IV — OTHER INFORMATION

 

(1)	Name and telephone number of person to contact in regard to this notification:
	Jeffory A. Carlson		(951)		381-2555
	(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?
	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 that its operating loss for the year ended December 31, 2022, will be approximately $1,057,000, as compared with $954,698 for the year ended December 31, 2021, as the result of a reduction of approximately $215,000 in gross profit, primarily due to a decrease in revenues of approximately $1,577,000 from sales of GrowPods and a decrease in revenues of approximately $370,000 from sales of Medtainers, while total operating expenses remained substantially unchanged.

 

ADVANCED CONTAINER TECHNOLOGIES, 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:	March 31, 2023	By:	/s/ Jeffory A. Carlson
			Jeffory A. Carlson
			Principal Accounting Officer

 

 

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