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Gulf West Security Network (GWSN)

Filed: 28 Dec 15, 7:00pm

 

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

 

 

x

Form 10-K

¨

Form 20-F

¨

Form 11-K

¨

Form 10-Q

¨

Form 10-D

¨

Form N-SAR

¨

Form N-CSR

 

 

For the period ended: September 30, 2015                                

 

 

 

 

¨

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 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 notification relates:

 

PART I - REGISTRANT INFORMATION

 

Full Name of Registrant:

Smoofi, Inc.

 

 

 

 

Former Name if Applicable:

N/A

 

 

 

 

Address of Principal Executive Office (Street and Number):

1031 Calle Recodo, Suite B,

 

 

 

 

City, State and Zip Code:

San Clemente, CA 92673 

 

  

 

 

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 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, Form 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.

The registrant's management and the registrant's accountants have not completed their review of the registrant's financial statements and Form 10-K for the year ended September 30, 2015.

 

PART IV - OTHER INFORMATION

 

(1)

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

 

John E. Donahue

 

917

 

412-1900

(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? x Yes      ¨ No

 

If the answer is no, identify report(s).

 

 

(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.

 

 

 

Please see Exhibit A attached hereto.

 

 
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Smoofi, 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: December 29, 2015By:/s/ John E. Donahue

 

 

 

John E. Donahue

 

 

 

Chief Operating Officer

 

  

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

 

ATTENTION


Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 
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Exhibit A

 

SMOOFI, INC.

 

ATTACHMENT TO FORM 12b-25

 

Part (IV)(3) Anticipated Changes in Results of Operations

 

The registrant anticipates reporting a material change in results of operations for the year ended September 30, 2015 as compared to the period of October 15, 2013 (inception) through September 30, 2014 as follows:

 

For the fiscal year ended September 30, 2015, the registrant incurred a net loss of $497,000 compared to $156,000 for the period of October 15, 2013 (inception) through September 30, 2014. The increase is primarily attributable to stock-based compensation expense amounting to $218,000 in fiscal 2015 compared to $0 in fiscal 2014, and a charge of $74,000 in fiscal 2015 to write off an intangible asset.

 

Revenue for the fiscal year ended September 30, 2015 was $0 as compared to non-recurring revenue of $12,000 for the period of October 15, 2013 (inception) through September 30, 2014.

 

The registrant had a working capital deficiency of $272,000 and $67,000 as of September 30, 2015 and 2014, respectively. The registrant's consolidated current liabilities increased from $142,000 as of September 30, 2014 to $277,000 as of September 30, 2015. 

 

 

 

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