Form 10-Q Quarterly Reports

Public companies with a class of securities registered under Section 12 or subject to Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are subject to the periodic and current reporting requirements of Section 13 or 15(d) of the Securities Exchange Act. The Exchange Act contains ongoing disclosure requirements that provide investors with current information on an ongoing basis. These include an obligation to file periodic reports on Form 10-K and Form 10-Q and current reports on Form 8-K with the Securities and Exchange Commission (the “SEC”).

Form 10-Q is required for specified events and the reports on the form must comply with a variety of SEC disclosure

12b-25 Question and Answer

Accelerated filers, non-accelerated filers and smaller reporting companies occasionally have difficulty meeting the Securities and Exchange Commission’s (“SEC”) reporting due dates.

Rule 12b-25 adopted by the SEC under the Securities Exchange Act of 1934, provides an extension of the SEC’s reporting due dates. This blog post contains common questions and our responses to common questions we receive about Rule 12b-25 and exensions of filing due dates of periodic reports.

 Q. What should I do if my Company misses the filing due date for a quarterly or annual report?

12b25 l Form 10-Q

Rule 12b-25 of the Securities Exchange Act of 1934 (the “Exchange Act”) requires SEC reporting companies to provide notice on Form 12b-25 if it is unable to file its report on Form 10-Q within the prescribed time period. Form 12b-25 provides the issuer with an additional 5 day extension for the filing of its 10-Q.  The form also provides disclosure to the public regarding the reasons why a periodic report on Form 10-Q cannot be timely filed.

The Auditor’s Role in Form 10-Q Reports

Once a private company completes its going public transaction using a Form S-1 registration statement, under most circumstances, it becomes subject to the reporting requirements of the Securities Exchange Act of 1934 (the “Exchange Act”) . Rules 13(a)-13 and 15(d)-13, require that SEC reporting issuers file a Form 10-Q for each of the first three quarters of each fiscal year.

Rules 8-03 and 10-01(d) of Regulation S-X require that a company‘s interim financial statements

12b-25 Question and Answer

Accelerated filers, non-accelerated filers and smaller reporting companies occasionally have difficulty meeting the Securities and Exchange Commission’s (“SEC”) reporting due dates.

Rule 12b-25 adopted by the SEC under the Securities Exchange Act of 1934, provides an extension of the SEC’s reporting due dates. This blog post contains common questions and our responses to common questions we receive about Rule 12b-25 and exensions of filing due dates of periodic reports.