September 30, 2013 10-Q FORM 12b-25 DOC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

 

SEC File Number: 000-18672

CUSIP Number: 98976E301

(Check One):     [  ] Form 10-K     [  ] Form 20-F     [  ] Form 11-K    [ X ] Form 10-Q  [  ] Form 10-D

 

[  ] Form N-SAR     [  ] Form N-CSR

 

 

 

For Period Ended:  September 30, 2013

 

 

 

[  ] 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 the notification relates: __________________________________________________________

 

PART I
REGISTRANT INFORMATION

Zoom Technologies, Inc.

Full Name of Registrant

 

 

Former Name if Applicable

 

No.8 Workers Stadium North Road, Sanlitun SOHO, Building A, 11th Floor

Address of Principal Executive Office (Street and Number)

 

Chaoyang District, Beijing, China 100027

City, State and Zip Code


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.)

 

(a)

The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

[X]

(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 Form 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 is unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2013 within the prescribed time period because the information required for an accurate and complete report, including but not limited to the financial statements that form a part thereof, could not be provided within the prescribed time period without unreasonable effort or expense. The Company recently effectuated a reverse 10 for 1 stock split; accordingly, it needs additional time to incorporate the effect into its financial statements. The registrant anticipates that it will file its Form 10-Q no later than the fifth calendar day following the prescribed due date, as permitted by the Securities Exchange Act, Rule 12b-25.

 

PART IV
OTHER INFORMATION

(1)      Name and telephone number of person to contact in regard to this notification

Patrick Wong (Chief Financial Officer)


 

(845)


 

507-8200


(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 the 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.

On December 31, 2012, the Company entered into a Share Purchase Agreement (the "SPA") with Beijing Zhumu Culture Communication Company, Ltd. (the "Purchaser"). Pursuant to the SPA, the Company agreed to sell (the "Subsidiary Sale") to the Purchaser all the equity interests the Company holds in its China based subsidiaries (except for SpreadZoom Technologies Co., Ltd.).

In addition, the Company is in ongoing negotiation with Portables Unlimited, Inc. in order to cure the default of the promissory note for $2,000,000 owed to Portables. If the Company is not able to cure the default, the Company's ownership interest in Portables Unlimited LLC could pass to Portables Unlimited, Inc.

The Company thus anticipates that the financial results for the quarterly period ended September 30, 2013 will differ from the corresponding period for the last fiscal year.


           Zoom Technologies, 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 

November 15, 2013               

 

By 

/s/ Patrick Wong               

 

 

 

 

Name: 

Patrick Wong

 

 

 

 

Title:

Chief Financial 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 misstatement or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).