SCWorx Corp NT 10-K, filed Apr 1, 2021
SCWorx Corp. (WORX)
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 001-37899
CUSIP Number: 78396V109
| (Check one): | ☒ Form ☐ 10-K Form 20-F ☐Form 11-K Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR |
For Period Ended: December 31, 2020
| ☐ | 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 Item(s) to which the notification relates:
Part I – Registrant Information
SCWorx Corp.
Full Name of Registrant
Alliance MMA, Inc.
Former Name if Applicable
590 Madison Ave, 21st Floor
Address of Principal Executive Office (Street and Number)
New York, New York 10022
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 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, 11-K, Form N-SAR, 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 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 and Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach Extra Sheets if Needed)
The Registrant was not able to complete the Form 10-K within the prescribed time period because it has not yet been able to complete the review of its December 31, 2020 financial statements. The registrant undertakes the responsibility to file such Annual report no later than 15 calendar days after its original due date.
Part IV – Other Information
| (1) | Name and telephone number of person to contact in regard to this notification |
| Christopher J. Kohler, CFO | 844 | 472-9679 | |||
| (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). |
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 ☐
For the year ended December 31, 2020, the company estimates that it will incur (all numbers approximate) a loss from operations of $7.3 million, compared to an $11.9 loss from operations during 2019. The $4.5 million decrease in loss from operations was due primarily to a $4 million decrease in general and administrative expenses and a $600,000 increase in gross profit, with no significant change in revenue. Because the company’s financial statements have not yet been finalized, these amounts are subject to change.
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SCWorx 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: April 1, 2021 | By: | /s/ Timothy Hannibal |
| Name: Timothy
Hannibal Title: President/COO |
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