NT 10-Q 1 ntq043008.htm ESSENTIAL NT 10-QSB 043008

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number: 3235-0058

 

 

Expires: April 30, 2009

 

Washington, D.C. 20549

Estimated average burden

 

 

hours per response 2.50

 

FORM 12b-25

 

 

 

SEC FILE NUMBER

 

 

000-53119

 

NOTIFICATION OF LATE FILING

 

 

 

CUSIP NUMBER

 

 

29669E 10 0

 

(Check One): o Form 10-K

o Form 20-F

o Form 11-K

x Form 10-Q

o Form 10-D

o Form N-SAR

o Form N-CSR

 

For Period Ended: April 30, 2008

o Transition Report on Form 10-K

o Transition Report on Form 20-F

o Transition Report on Form 11-K

o Transition Report on Form 10-Q

o 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 Item(s) to which the notification relates:

 

 

PART I -- REGISTRANT INFORMATION

Essential Innovations Technology Corp.

Full Name of Registrant

n/a

Former Name if Applicable

114 West Magnolia Street, Suite 400-142

Address of Principal Executive Office (Street and Number)

Bellingham, WA 98225

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;

 

x

(b)  The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR 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 the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

We were unable to compile and review the necessary financial information required to prepare a complete and accurate filing in a timely manner. We fully expect to file our report within the extension period.

 

PART IV -- OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

Jason McDiarmid

 

360

 

392-3902

(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).

 

x Yes

o 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

o 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.

 

We currently anticipate reporting a net loss for the quarterly period ended April 30, 2008, of approximately $1.1 million, as compared to a net loss for the quarterly period ended April 30, 2007, of approximately $2.5 million, a decrease of approximately 56%. This decreased loss was primarily attributable to significant cuts to fixed internal overhead, particularly in relation to our design/build subsidiary.

 

 

Essential Innovations Technology 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:

June 17, 2008

By

/s/ Jason McDiarmid

 

 

 

Jason McDiarmid

 

 

 

Chief Executive Officer/ Chief Financial Officer