NT 10-K 1 nt10-k.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 12b-25

 

Commission File Number 000-55141

 

NOTIFICATION OF LATE FILING

 

[X] Form 10-K   [  ] Form 11-K   [  ] Form 20-F   [  ] Form 10-Q
[  ] Form N-SAR            

 

For Period Ended: December 31, 2016

 

[  ] Transition Report on Form 10-K   [  ] Transition Report on Form 10-Q
[  ] Transition Report on Form 20-F   [  ] Transition Report on Form N-SAR

 

For the Transition Period Ended: _______________________________________

 

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 BTCS Inc.
Former name if applicable  
Address of principal executive office 9466 Georgia Avenue #124
City, state and zip code Silver Spring, MD 20901

 

 

 

   

 

PART II

RULE 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;
[X]   (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 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.

 

The compilation, dissemination and review of the information required to be presented in the Form 10-K has imposed time constraints that have rendered timely filing of the Form 10-K impracticable without undue hardship and expense to the registrant. The registrant undertakes the responsibility to file such annual report no later than fifteen days after its original due date.

 

Part IV

Other Information

 

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

 

Charles Allen    (202) 430-6576
 (Name)    (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 expects to report revenue of approximately $361,000 for the year ended December 31, 2016, compared to revenue of approximately $506,000 for the year ended December 31, 2015. The Company expects to report a substantial increase in loss from operations which at the time of this report has yet to be dermined due to the complex nature of the Company’s derivative liabilities.

 

   

 

BTCS Inc.

Name of Registrant as Specified in Charter

 

Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: March 31, 2017 By:  /s/ Charles Allen
    Charles Allen
    Chief Executive Officer