SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 000-33231
(Check One)
|_| Form 10-K and Form 10-KSB [ ] Form 11-K
|_| Form 20-F |X|Form 10-Q and Form 10-QSB |_|Form N-SAR
For period ended September 30, 2005
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|_| Transition Report on Form 10-K and Form 10-KSB
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q and Form 10-QSB
|_| Transition Report on Form N-SAR
For the transition period ended
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Read Attached Instruction Sheet 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:
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PART I
REGISTRANT INFORMATION
Full name of registrant Innova Holdings, Inc.
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Address of principal executive office 17105 San Carlos Boulevard, A-6151
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City, State and Zip Code Fort Myers Beach, Florida 33931
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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 appropriate box.)
|X| (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 Forms 10-K, 10-KSB, 20-F, 11-K, or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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 reason why Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR, or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
Due to unanticipated delays in completing its unaudited financial statements for
the period ended September 30, 2005, Registrant has only recently provided such
financial statements and related data to its independent accountants for review.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Eugene Gartlan (239) 466-0488
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(Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or
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
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(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 reason why a reasonable
estimate of the results cannot be made.
It is anticipated that Registrant's net loss for the quarter ended
September 30, 2005 will be approximately $516,000 compared to a net loss of
approximately $335,000 for the quarter ended September 30, 2004. This increase
is primarily attributable to an increase in operating expenses without any
significant change in revenues. Additionally, it is anticipated that
Registrant's net loss for the nine months ended September 30, 2005 will be
approximately $1,460,000 compared to a net loss of approximately $562,300 for
the nine months ended September 30, 2004. This increase is primarily
attributable to an increase in operating expenses without any significant change
in revenues. The increase in operating expenses primarily resulted from the
Company's reestablishing its core business after a shutdown period of several
years. During 2005, expenses were incurred for compensation, marketing, trade
shows and production not incurred during 2004. Also, the Company has entered
into operating leases for operating and administrative space and incurred
increased professional fees for auditing, accounting, financial and business
planning services.
Innova Holdings, 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
thereunto duly authorized.
Date: November 15, 2005 By: /s/ Walter K. Weisel
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Walter K. Weisel, CEO
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