VIDEO NETWORK COMMUNICATIONS INC
Filing Type: NT 10-Q
Description: Notification of Late Filing
Filing Date: Nov 16, 1999
Period End: Sep 30, 1999
Primary Exchange: NASDAQ - National Market System
Ticker: OCOM
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NT 10-Q
PART III 2
PART IV 2
1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 000-22235
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form l0-QSB
.)
(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, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
[X] on or before the 15th 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 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, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
2
The Registrant is not able to timely complete the preparation of its
quarterly financial statements for the quarter ended September 30, 1999, without
unreasonable effort or expense. The Registrant will file its Quarterly Report on
Form 10-QSB for the quarter ended September 30, 1999, on or before the fifth
calendar day following the prescribed due date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert H. Emery, Vice President, Finance and Administration (603) 334-6741
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(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 the answer is no,
identify report(s).
[X] 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?
[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.
The Company is currently discussing with its outside independent
accountants the appropriate application of generally accepted accounting
principles to the timing of the recognition of revenues from a material contract
of sale for its video network systems. The resolution of that issue will
materially affect the Company's results of operations for the quarter ended
September 30, 1999. Accordingly, at this time, the Company is unable to provide
a reasonable estimate of its results of operations for the period, or to compare
the period to the corresponding period of the prior year.
Video Network Communications, Inc.
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(Name of Registrant as Specified in Charter)
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