UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(CHECK ONE): | | FORM 10-KSB |X| FORM 10-QSB | | FORM 11-K | | FORM N-SAR
For Period Ended: December 31, 2005
| | Transition Report on Form 10-K and Form 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 Instruction (on back page) Before Preparing Form. Please Print or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THATf THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
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If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates: N/A
PART I - REGISTRANT INFORMATION
Full name of registrant: Splinex Technology Inc.
Former name if applicable:
Address of principal executive office (Street and Number): 550 West Cypress
Creek Road, Suite 410
City, State and Zip Code: Ft. Lauderdale, Florida 33309
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.)
|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 Form 10-K, Form 20-F, Form 11-K, or Form N-SAR, 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,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period. (Attach Extra Sheets If Needed.)
The Company could not complete the Form 10-QSB within the prescribed time
because the Company's management was unable to complete the review of its
consolidated financial statements by February 14, 2006. The delay could
not be cured without unreasonable effort or expense. The Company
represents that the Form 10-QSB will be filed no later than the 5th day
following the date on which the Form 10-QSB was due.
PART IV- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Gerard Herlihy (954) 660-6565
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(Name) (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
(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.
The Company expects to report net losses of $248,113 and $2,039,817 for the
three months and nine months ended December 31, 2005, respectively, compared to
reported net losses of $901,610 and $2,389,584 for the three months and nine
months ended December 31, 2004, respectively.
The Company's decrease in net losses for the three months ended December 31,
2005 reflects the termination of a substantial part of the Company's software
development team and reduced administrative overhead costs and marketing
expenditures due to limited funds available for operations. The Company's
decrease in net losses for the nine months ended December 31, 2005 primarily
resulted from reduced research and development expenses and legal and
transaction costs, partially offset by increased administrative expenses due to
severance expenses. Research and development expenses decreased due to the
termination of a substantial part of the Company's software development team.
Legal and transaction costs were $512,320 for the nine months ended December 31,
2004 and were incurred in connection with the merger of Ener1 Acquisition Corp.
with and into the Company and the registration of the Company's common stock
issued in the merger with the Securities and Exchange Commission; there were no
such costs for the nine months ended December 31, 2005.
The results of operations for the discussed above for the three and nine months
ended December 31, 2005 have not yet been reviewed by the Company's auditors and
are subject to change based on such review.
Splinex Technology 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.
Dated: February 15, 2006 BY: /s/ Gerard Herlihy
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Gerard Herlihy, President