DiaSys Corporation - Form 12b25
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): |
[X] Form 10-K |
[_] Form 20-F |
[_] Form 11-K |
[_] Form 10-Q |
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[_] Form N-SAR |
[_] Form N-CSR |
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For Period Ended: June 30, 2006
[_] 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 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:
PART I
REGISTRANT INFORMATION
Commission File Number 0-24974
Full name of registrant: DIASYS CORPORATION
Former name if applicable: N/A
Address of principal executive office (street and number):
21 West Main Street
Waterbury, Connecticut 06702
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; |
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[X] |
(b) |
The subject annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K, Form N-SAR or Form N-CSR, 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, or portion thereof, will be filed on or before the fifth calendar
day following the prescribed due date; and |
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[ ] |
(c) |
The accountant's statement or other exhibit
required by Rule 12b-25(c) has been attached if applicable. |
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PART III
NARRATIVE
State
below in reasonable detail why the Form 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR or
the transition report portion thereof could not be filed within the prescribed
time period. (Attach extra sheets if needed.)
The Company has been unable to complete compilation of all necessary information
due to the travel schedules and other responsibilities of its Chief Executive
Officer and its President / Chief Financial Officer and the complexities of compliance
with the Sarbanes-Oxley Act. The Company expects to complete all necessary functions
as necessary to effect filing of its Annual Report on Form 10-KSB within 15 calendar
days following the due date thereof.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Jeffrey B. Aaronson (203)
755-5083
(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.
Net sales for the fiscal year ended June 30, 2006 decreased to
$1,688,097 from $1,914, 077 in the prior fiscal year. The decrease in international
sales can be largely attributed to the decrease in sales to the Company's distributor
in China. The Company's net loss decreased to $1,053,845 ($.05 per share) from
$ 2,029,245 ($.12 per share) in the prior fiscal year. This decrease was due primarily
to the implementation and completion of the consolidation of manufacturing facilities
into the UK along with other cost reduction plans begun in fiscal year 2005.
DIASYS CORPORATION
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
Date: September 28, 2006 |
By: /s/ Gregory Witchel |
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Gregory Witchel |
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Chief Executive Officer |