Blueprint
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
SEC
FILE NUMBER
001-37932
|
CUSIP
NUMBER
98872F
204
|
NOTIFICATION
OF LATE FILING
(Check One): ☐ Form 10-K ☐Form 20-F ☐Form
11-K [X] Form 10-Q
☐Form N-SAR
☐Form N-CSR
For Period Ended:
June 30,
2019
[ ]
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
|
Yuma
Energy, Inc.
Full
Name of Registrant
|
Not
applicable
(Former
Name if Applicable)
1177
West Loop South, Suite 1825
Address
of Principal Executive Office (Street and Number)
|
Houston,
Texas 77027
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)
[X]
|
(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 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 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
Yuma
Energy, Inc. (“we,” “our” or the
“Company”) is unable to file its Quarterly Report on
Form 10-Q for the period ended June 30, 2019 (the “Form
10-Q”) by the prescribed filing deadline (August 14, 2019)
without unreasonable effort for the reasons set forth below. The
Company expects to complete and file the Form 10-Q within five
calendar days of the original prescribed due date.
The
Company is unable to file its Quarterly Report on Form 10-Q for the
period ended June 30, 2019, within the prescribed time period
because the Company has had significant changes in senior
management since December 31, 2018, including a new Interim Chief
Executive Officer, a new Interim Chief Financial Officer and a
significant reduction in staffing. While the Company’s new
officer and consultants have been working diligently to familiarize
themselves with the Company’s operations and accomplish a
timely filing of the Form 10-Q, they require additional time to
finalize the report. Accordingly, the Company’s preparation
of the Form 10-Q will not be accomplished in order to permit a
timely filing without undue hardship and expense.
PART IV-- OTHER INFORMATION
(1)
Name and telephone
number of person to contact in regard to this
notification
Anthony
C. Schnur
|
713
|
968-7000
|
(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
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 anticipates that, when filed, the Form 10-Q will reflect
total revenues for the quarter ended June 30, 2019 of approximately
$1,669,000, compared to the total revenues previously reported in
the Company’s Form 10-Q for the quarter ended June 30, 2018
of $5,822,577. The Company anticipates that, when filed, the Form
10-Q will reflect an impairment of oil and gas properties for the
quarter ended June 30, 2019 of approximately $371,000, compared to
an impairment of oil and gas properties of $-0- previously reported
in the Company’s Form 10-Q for the quarter ended June 30,
2018. The Company anticipates that, when filed, the Form 10-Q will
reflect a loss from operations for the quarter ended June 30, 2019
of approximately $(2,987,000), compared to the loss from operations
previously reported in the Company’s Form 10-Q for the
quarter ended June 30, 2018 of $(1,449,064). The Company
anticipates that, when filed, the Form 10-Q will reflect a net loss
for the quarter ended June 30, 2019 of approximately $(3,565,000),
compared to a net loss previously reported in the Company’s
Form 10-Q for the quarter ended June 30, 2018 of
$(4,030,385).
Disclosures About Forward-Looking Statements
The
foregoing reflects the Company’s current views about its
financial condition and performance and other matters that
constitute “forward-looking” statements, as such term
is defined by the federal securities laws. This report contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the “Securities
Act”), and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). Statements that
are not strictly historical statements constitute forward-looking
statements and may often, but not always, be identified by the use
of such words such as “expects,”
“believes,” “intends,”
“anticipates,” “plans,”
“estimates,” “potential,”
“possible,” or “probable” or statements
that certain actions, events or results “may,”
“will,” “should,” or “could” be
taken, occur or be achieved. These risks and uncertainties include,
but are not limited to, the ability of the Company to file timely
its periodic reports, the impact on the Company’s business
and the risks identified in the Company’s periodic filings
under the Exchange Act. The Company undertakes no obligation to
revise or update publicly any forward-looking statements, except as
required by law.
Yuma Energy,
Inc.
(Name
of Registrant as Specified in Charter)
Has
caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 14,
2019 By:
/s/ Anthony C.
Schnur
Name:
Anthony C. Schnur
Title:
Interim Chief Executive Officer, Interim Chief Financial Officer
and Chief Restructuring Officer