UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE):
[X] Form 10-K [ ] Form 20-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: JUNE 30, 2004
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-K
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] 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 THAT 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:
PART I -- REGISTRANT INFORMATION
COMPUTERIZED THERMAL IMAGING, INC.
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Full Name of Registrant
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Former Name if Applicable
1719 WEST 2800 SOUTH
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Address of Principal Executive Office (STREET AND NUMBER)
OGDEN, UTAH 84401
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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)
(a) The reason described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense
(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
[X] portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report of 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) 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 why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the
transition report or portion thereof, could not be filed within the prescribed
time period.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
B.J. MENDENHALL (801) 776-4700
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic report 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). Yes [X] 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? Yes [X] 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.
See attached page
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COMPUTERIZED THERMAL IMAGING, 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
hereunto duly authorized.
Date 28 SEPTEMBER 2004 By /s/ B.J. Mendenhall
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ATTACHMENT TO FORM 12b-25
NARRATIVE FOR PART III.
The Registrant is presently unable to file its Annual Report on Form
10-KSB because it has been delayed in finalizing the audit of the
financial statements to be included in the Annual Report. The delay in
completing the audit is the result of the inability of the Registrant's
litigation counsel, based in Boca Raton, Florida, to timely provide
information requested by the Registrant's auditors. Due to the
hurricanes that have ravaged the State of Florida, the Registrant's
litigation counsel has been evacuated and was delayed in providing the
information requested by the Registrant's auditors. The hurricanes in
Florida also resulted in the evacuation of the Registrant's Chief
Executive Officer for more than a week, which contributed to the
Registrant's inability to file the Annual Report without unreasonable
effort or expense. Based on discussions with its litigation counsel and
auditors, the Registrant believes it will be able to file the Annual
Report within the 15-day extension period provided under Rule 12b-25 of
the Securities Exchange Act of 1934, as amended.
NARRATIVE FOR PART IV.
Due primarily to the refusal of the U.S. Food and Drug Administration
to grant to the Registrant pre-market approval for the marketing and
sale of the Registrant's Breast Cancer Imaging System in the United
States, the Registrant has substantially reduced the scope of its
operations, has terminated the employment of more than 75% of its
employees since June 30, 2003 and anticipates that its revenues for the
fiscal year ended June 30, 2004 will be approximately 77% less than the
amount of revenues reported by for its fiscal year ended June 30, 2003.
September 29, 2004
Audit Committee
Computerized Thermal Imaging, Inc. and Subsidiaries
1719 West 2800 South
Ogden, UT 84401
Attention: General Harry C. Aderholt, Audit Committee Chairman
We have read the Notification of Late Filing (form 12b-25) for the period ended
June 30, 2004, and are in agreement with the content of the narrative for part
III.
/s/ HJ & Associates, LLC