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This document serves as a notification of the late filing of the Form 10-Q for Precision Aerospace Components, Inc. due to the resignation of their auditor, which prevented the timely completion of

How to fill out nt 10-q - filings

How to fill out NT 10-Q

1. Gather the necessary financial data for the reporting period, including income statement, balance sheet, and cash flow statement.
2. Fill out the cover page with company information, including the name, address, and SEC file number.
3. Complete the balance sheet section with current and non-current assets and liabilities.
4. Include the income statement details, reporting revenue, expenses, and net income.
5. Document any significant changes or events that occurred during the reporting period in the notes section.
6. Make sure to include comparisons with previous quarters or years where applicable.
7. Review the requirements for disclosures, such as segment information and risk factors.
8. Complete the signature block with authorized signatory details.
9. Check for compliance with SEC regulations and internal policies.
10. Submit the completed NT 10-Q electronically via EDGAR.

Who needs NT 10-Q?

1. Publicly traded companies that are required to report their financial performance to the SEC.
2. Investors and shareholders seeking to understand a company's financial health.
3. Analysts and financial institutions evaluating investment opportunities.
4. Regulatory agencies monitoring compliance with financial reporting standards.
5. Creditors assessing the creditworthiness of the company.

People Also Ask about

What is a quarterly confirm report?

Overview. The Quarterly Confirmation process provides Chairs, Directors, and Administrators an opportunity to review their current unrestricted budget and expenditures, understand the financial status of the department, and project available funds on a quarterly basis.

What is a 10-Q nt?

SEC Form NT 10-Q is a required notification of a firm's inability to file Form 10-Q or 10-QSB in a timely manner. Form 10-Q is, in turn, a comprehensive report of a company's performance that must be submitted quarterly by all public companies to the SEC.

What is a quarterly status report?

Quarterly status reports offer a high-level overview of the project's progress over a three-month period. These comprehensive reports are especially useful for large, complex projects or when reporting to executive-level stakeholders. A quarterly status report typically includes: Project summary and goals.

What is a quarterly report on Form 10-Q?

The Form 10-Q includes unaudited financial statements and provides a continuing view of the company's financial position during the year. The report must be filed for each of the first three fiscal quarters of the company's fiscal year. You'll find a company's Form 10-Q filings in the SEC's EDGAR database.

What is considered a quarterly report?

A quarterly report is a summary or a collection of a company's financial statements, such as balance sheets and income statements, issued every three months. Publicly-traded companies must file their quarterly reports on Form 10-Q with the Securities Exchange Commission (SEC).

Do auditors review 10-Q?

When a company completes its quarterly report on Form 10-Q but its auditor cannot or will not complete its review in a timely manner, the issuer is presented with a dilemma. Absent an auditor review, if it files its 10-Q with the SEC, the filing is considered incomplete and not timely filed.

What is the difference between a 10-K report and a quarterly report?

While 10K reports are due annually and must include audited financial statements, 10Q reports are due quarterly, three times a year, and include unaudited financial statements. 10Q filings provide shareholders and the public an on-going update on a company's performance over the year.

What is non-timely 10-Q?

Companies that fail to timely file their 10-Q or 10-K are required by SEC Rule 12b-25 to. file a Form NT (for “Non-Timely”) no later than one day after the due date. Timely filing of. Form NT (also known as Form 12b-25) results in an automatic one-time grace period of 5 days. for 10-Qs and 15 days for 10-Ks.

For pdfFiller’s FAQs

What is NT 10-Q?

NT 10-Q is a form filed with the Securities and Exchange Commission (SEC) by public companies that provides a notification of late filing of the regular quarterly report on Form 10-Q.

Who is required to file NT 10-Q?

Public companies that are unable to file their Form 10-Q by the due date are required to file NT 10-Q as a notification of the delay.

How to fill out NT 10-Q?

To fill out NT 10-Q, a company must provide basic information including the company's name, the number of pages in the delayed filing, and the reason for the delay along with any other required details.

What is the purpose of NT 10-Q?

The purpose of NT 10-Q is to inform the SEC and the public about the reasons for a company's inability to timely file its quarterly financial report (Form 10-Q).

What information must be reported on NT 10-Q?

NT 10-Q requires the company to report its name, address, the required filing date, the new anticipated filing date, and a statement explaining the reasons for the delay in filing the Form 10-Q.