Notification That Annual Report Will Be Submitted Late (nt 10-k)
March 30 2016 - 10:21AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 33-18099-NY
NOTIFICATION OF LATE FILING
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Form 10-K
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Form 11-K
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Form 20-F
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Form 10-Q
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Form N-SAR
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Form N-CSR
For Period Ended: December 31, 2015
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Transition Report on Form 10-K
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Transition Report on Form 10-Q
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Transition Report on Form 20-F
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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
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Quest Patent Research Corporation
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Address of principal executive office city, state and zip code
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411 Theodore Fremd Ave., Suite 206S
Rye, NY 10580-1411
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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.)
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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☒
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(b)
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The subject annual report, semi-annual report, transition report on Form 10-K, 20-F, 11-K or Form 10-Q, 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
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(c)
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The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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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.
Because of
the lack of resources, the compilation, dissemination and review of the information required to be presented in the Form 10-K for
the year ended December 31, 2015 has imposed time constraints that have rendered timely filing of the Form 10-K impracticable without
undue hardship and expense to the registrant. The Company intends to file the Form 10-K for the year ended December 31, 2015 no
later than 15 days after its original filing date.
Part
IV
Other
Information
(1) Name and telephone number of person to contact in regard to
this notification
Jon C. Scahill, Chief Executive Officer
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(888)
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743-7577
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(Name)
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(Area Code)
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(Telephone Number)
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(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).
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Yes
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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?
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Yes
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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 a loss of approximately $328,000 on revenues of approximately $498,000 for the year ended December 31, 2015,
as compared with a net loss of approximately $162,000 on revenues of $941,000 for the year ended December 31, 2014. Because of
the lack of resources, the compilation, dissemination and review of the information required to be presented in the Form 10-K for
the year ended December 31, 2015 has imposed time constraints that have rendered timely filing of the Form 10-K impracticable without
undue hardship and expense to the registrant. The Company intends to file the Form 10-K for the year ended December 31, 2015 no
later than 15 days after its original filing date.
Quest Patent Research Corporation
Name of Registrant as Specified in
Charter.
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
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Date:
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March 30, 2016
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By:
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/s/ Jon C. Scahill
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Jon C. Scahill, Chief Executive Officer
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