11/15/2024 | Press release | Distributed by Public on 11/15/2024 05:31
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 x Form 10-Q ¨ Form 10-D ¨ Form N-CEN
¨ Form N-CSR
For Period Ended: September 30, 2024
¨ 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
Full Name of Registrant: US Lighting Group, Inc.
Address of Principal Executive Office (Street and Number): 1148 East 222nd Street
City, State and Zip Code: Euclid, Ohio 44117
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; | |
☒ | (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.
US Lighting Group, Inc. was unable to timely file its Form 10-Q for the quarter ended September 30, 2024 due to the departure of the company's chief financial officer just before the quarter-end. Michael A. Coates stepped down as the company's CFO on September 27, 2024. The decision was a mutual one between Mr. Coates and our board of directors. At this time the board has not yet identified a new CFO, but is in the process of conducting a search. In the interim, Mr. Coates' departure has delayed our completion of this quarter's Form 10-Q. We expect to file our Form 10-Q within the five-day extension period provided by Rule 12b-25.
PART IV - OTHER INFORMATION
(1) | Name and telephone number of person to contact in regard to this notification. |
Olga Smirnova, Vice President of Finance and Administration, at 216-896-7000
(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). |
☒ 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.
Our revenues decreased approximately 80% in the quarter ended September 30, 2024 compared to the third quarter of 2023, primarily as a result of decreased sales of campers by our Cortes Campers subsidiary in 2024.
US Lighting Group, Inc. has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
US Lighting Group, Inc. | |
Date: November 15, 2024 | /s/ Olga Smirnova |
By Olga Smirnova | |
Vice President of Finance and Administration |
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