UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): Form 10-K Form 20-F Form 11-K X Form 10-Q Form N-SAR
For Period Ended: September 30,2004
[ ] 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: ___________________
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herin. 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
STORAGE COMPUTER CORPORATION
Full Name of Registrant
Former Name if Applicable
11 Riverside Street
Address of Principal Executive Office (Street and Number)
Nashua, New Hampshire 03862
--------------------------------------------------------------------------------
City, State and Zip Code
PART II -- RULES 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) (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F,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 portion thereof
will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) (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.
The Company's Quarterly Report on Form 10-Q for the quarter ended September
30, 2004 cannot be filed within the prescribed time period because the Company
is experiencing delays in collecting certain information required to be included
in the Form 10-Q. The Form 10-Q will be filed as soon as reasonable practicable
and in no event later than the fifth calendar day following the prescribed due
date.
PART IV-- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Michael J.O'Donnell 603 880-3005
(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 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's revenues and net loss
available to common stockholders for the three months ended September 30, 2004
are estimated to be lower than the corresponding period for 2003 as follows:
Three months ended September 30,
2004 2003
Revenue $ 88,317 $ 215,047
Net loss applicable to common stockholders $ 930,081 $ 1,099,991
The reduction in revenue for the quarter ended September 30, 2004 compared to
the same quarter in 2003 reflects a continuation of the trend experienced in
previous periods. We continue to focus our core business activity toward the
Storage Wide Area Network (SWAN) market segment for our CyberNAS Network
Attached Storage and CyberVAS Storage Operating System. The net loss applicable
to common stockholders was reduced because of reductions in our operating costs.
STORAGE COMPUTER CORPORATION
(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, 2004 By: /s/ Michael J. O'Donnell
--------------------------------
Name: Michael J. O'Donnell
Title: Chief Financial Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).