UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 2005
[ ] 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: ____________________________
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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.
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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
COMPUTERIZED THERMAL IMAGING, INC.
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Full Name of Registrant
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Former Name if Applicable
1719 West 2800 South
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Address of Principal Executive Office (STREET AND NUMBER)
Ogden, Utah 84401
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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
[X] report on Form 10-K, Form 20-F,11-K or 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 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 the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.
Due to the Company's troubled financial condition, management was
delayed in completing the annual financial statements required to be
included in the Company's Form 10-KSB. Management has now completed
drafts of the Company's financial statements, and has provided those
drafts to the Company's independent public accountants for review.
Although the Company's independent public accountants have commenced
their review of the Company's financial statements, the Company will
not be able to complete and timely file its Form 10-KSB without
unreasonable effort or expense. Based on conversations with the
Company's independent public accountants, management currently believes
the Company will be able to file the Form 10-KSB within 15 days of its
initial due date.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Pam Bloedel 801 776-4700
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(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). See Narrative below 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
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.
Computerized Thermal Imaging, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date September 28, 2005 By /s/ Richard V. Secord
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Chief Executive Officer
NARRATIVE FOR PART IV(2)
Although the Company has filed all periodic reports required to be filed during
the preceding 12 months, as reported in the Company's Current Report on Form
8-K, dated May 31, 2005, due to a lack of financial and operational resources,
the Company did not submit the unaudited financial statements presented in Part
I, Item 1 of the Company's Form 10-QSB for the quarterly period ended March 31,
2005 for review by its independent public accountants prior to filing.
NARRATIVE FOR PART IV(3)
Due to the Company's troubled financial and operating condition, the Company has
substantially curtailed the scope of its operations. As a result, the Company
anticipates that the results of operations to be reported in its Form 10-KSB for
the fiscal year ended June 30, 2005 will be significantly reduced from the
results of operations reported for the fiscal year ended June 30, 2004.