Form: NT 10-K

Notice under Rule 12b25 of inability to timely file all or part of a Form 10-K, 10-KSB, or 10-KT

March 31, 2021

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549 

 

FORM 12b-25

 

Commission File Number: 000-33067

 

NOTIFICATION OF LATE FILING

 

(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, 2020                                 

  

☐    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: N/A                                     

 

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: N/A

 

PART I. REGISTRANT INFORMATION

 

Full name of registrant:

MIDWEST ENERGY EMISSIONS CORP.

 

 

Former name if applicable:

N/A

 

 

Address of principal executive office (Street and number):

1810 Jester Drive

 

 

City, State and Zip Code:

Corsicana, Texas 75109

  

 

 

  

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 appropriate box.)

 

☒

(a)

The reasons 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, 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 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 Form 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.

 

The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2020 cannot be filed within the prescribed time period without unreasonable effort or expense because the Registrant requires additional time to complete the presentation of its financial statements to be included therein, and to insure adequate disclosure of certain information required to be included in the Annual Report. The Registrant’s Annual Report on Form 10-K will be filed on or before the 15th 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:

  

Name:

Richard MacPherson

Area Code and Telephone Number:

(614) 505-6115

 

(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 reports) been filed? If the answer is no, identify report(s). ☒ 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? ☒ 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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MIDWEST ENERGY EMISSIONS CORP. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: March 31, 2021 By: /s/ David M. Kaye

 

Name:

 David M. Kaye  
  Title: Secretary  

  

ATTENTION

INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS

(SEE 18 U.S.C. 1001).

  

RIDER TO FORM 12b-25

 

MIDWEST ENERGY EMISSIONS CORP.

 

PART IV (3)

 

We generated revenues of approximately $8.2 million and $11.4 million for the years ended December 31, 2020 and 2019, respectively. Such revenues were primarily derived from sorbent product sales. The decrease is primarily due to decreased generation in the coal fired power sector principally due to renewables and low natural gas prices. For the years ended December 31, 2020 and 2019, we had a net loss of approximately $5.8 million and $6.1 million, respectively. The change in net loss is primarily due to the decrease in revenue offset by a decrease in cost of sales and a decrease in selling, general and administrative expenses.

 

 

 

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