UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): Form 10-K Form 20-K X Form 10-QSB Form N-SAR
For Period Ended: March 31, 2003
------------------------------------------
Transition Report on Form 10-K
Transition Report on Form 20-K
Transition Report on Form 11-K
Transition Report on Form 10-Q
Transition Report on Form N-SAR
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 Items(s) to which the notification relates:
--------------------------------------------------------------------------------
PART I - REGISTRANT INFORMATION
OraLabs Holding Corp.
--------------------------------------------------------------------------------
Full Name of Registrant
--------------------------------------------------------------------------------
Former Name if Applicable
2901 South Tejon Street
--------------------------------------------------------------------------------
Address of Principal Executive office (Street and Number)
Englewood, Colorado 80110
--------------------------------------------------------------------------------
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 or Form N-SAR, or portion thereof,
| will be filed on or before the fifteenth calendar day following the
|X| | prescribed due date; or the subject quarterly report of 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 why forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the
transition report or portion thereof, could not be filed within the prescribed
time period.
(Attach Extra Sheets if Needed)
As a result of unexpected delays in gathering the data necessary to finalize the
financial statements and accompanying notes of the Registrant's Form 10-QSB, the
report on Form 10-QSB could not be timely filed without unreasonable effort or
expense. The Registrant believes that the Form 10-QSB will be filed within the
extension period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Douglas B. Koff (303) 861-1166
--------------------------------- ------------------- --------------------
(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 |X| 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 |X| 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.
-------------------------------------------------------------------------------
OraLabs Holding Corp.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date May 16, 2003 By /s/ Gary H. Schlatter
-------------------------------------------- --------------------------
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(0ther than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTACHMENT TO FORM 12b-25
(In this attachment, the numbers stated for first quarter 2003 are preliminary,
as the quarterly financial review is not completed)
Revenues for the first quarter of 2003 increased approximately $313,785 or 8%
from $3,926,612 in first quarter of 2002 to approximately $4,240,397 in first
quarter of 2003. The Company attributes this growth to increased lip balm
revenues.
Net Income for the first quarter of 2003 decreased approximately $224,676 or 61%
from $370,871 in first quarter of 2002 to approximately $146,194 in first
quarter of 2003. The approximate $224,676 decrease in Net Income in the first
quarter of 2003 can be attributed substantially to Bad Debt expense of $280,601
for non-reoccurring write offs of uncollectible receivables. In the first
quarter of 2002, Bad Debt expense was only $19,905.