SEC Form NT 10-K filed by Infinite Group Inc.
$IMCI
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING
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SEC
FILE NUMBER
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000-21816
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CUSIP
NUMBER
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456910405
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(Check one): ☒ Form
10-K ☐ Form
20-F ☐ Form
11-K ☐ Form
10-Q ☐ Form
10-D ☐ Form
N-SAR ☐ Form
N-CSR
For
Period Ended: December 31, 2022
☐ 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:________________________
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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:
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PART I - REGISTRANT INFORMATION
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Full
Name of Registrant
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INFINITE
GROUP, INC.
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Former
Name if Applicable
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N/A
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Address
of Principal Executive Office (Street and Number)
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175
Sully’s Trail, Suite 202
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City,
State and Zip Code
Pittsford,
New York 14534
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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)
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☒
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(a)
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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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(b)
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The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or From
N-CSR, or 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 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
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(c)
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The accountant’s statement or other exhibit required by Rule
12b-25(c) has been attached if applicabe.
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PART III - NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time
period.
Infinite
Group, Inc. (the "Registrant") was unable, without unreasonable
effort or expense, to file its Annual Report on Form 10-K for the
period ended December 31, 2022 (the "Annual Report") by the March
31, 2023, filing date applicable to smaller reporting companies due
to a delay experienced by the Registrant in completing its
financial statements and other disclosures in the Annual Report. As
a result, the Registrant is still in the process of compiling
required information to complete the Annual Report and its
independent registered public accounting firm requires additional
time to complete its audit of the financial statements for the
period ended December 31, 2022, to be incorporated in the Annual
Report. The Registrant is endeavoring to file its Annual Report as
promptly as possible; however, there can be no assurance that the
Registrant will be able to file the Annual Report within the
extension period.
PART IV -OTHER INFORMATION
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(1)
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Name
and telephone number of person to contact in regard to this
notification
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Richard Glickman
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585
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485-5760
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
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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
reports) been filed? If answer is no, identify
report(s).
☒ Yes ☐
No
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(3)
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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 ☐ 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.
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The
Company estimates that its net loss to increase from approximately
$1,569,000 for 2021 to $3,562,000 for 2022. The Company had an
operating loss of approximately $2,340,000 in 2022 and interest
expense of approximately $1,161,000 in 2022.
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INFINITE
GROUP, INC.
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(Name
of Registrant as Specified in Charter)
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Has
caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date:
March 31, 2023
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By:
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/s/
Richard Glickman
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Name:
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Richard Glickman
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Title:
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VP Finance and Chief Accounting Officer
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