Nexia Form NT 10-Q 09-30-2005
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
[
] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
For
Period Ended: September 30, 2005
SEC FILE
NUMBER 033-22128-D
CUSIP
NUMBER 65336B 20 2
[
]
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
Period Ended:
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: Entire Form 10-QSB
Part
I -
Registrant Information:
Full
Name
of
Registrant: Nexia
Holdings, Inc.
Former
Name if
Applicable:
N/A
Address
of Principal Executive Office:
59
West 100 South, Second Floor
Salt
Lake
City, Utah 84101
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)
[X] (a) The
reasons described in reasonable detail in Part III of this form could not be
eliminated without unreasonable effort or expense;
[X] (b) The
subject annual report, semi-annual report, transition report on Form 10-K,
Form
2-F, 11-F, or From N-SAR, or portion thereof will be filed on or before the
fifteenth 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
|
(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, 11-K, 20-F, 10-Q or N-SAR
or portion thereof could not be filed within the prescribed time
period.
Due
to
the Company’s limited staff in its Company financial offices, integration of
Salt Lake Development Corporation and recent turnover in support staff during
the third quarter of 2005 there has been a delay in the compilation and
preparation of the necessary information to prepare its 10-QSB report for the
third quarter of 2005. The Company has faced unavoidable delays in the timely
preparation of the information required by its 10-QSB for the third quarter
of
2005 and that 10-QSB cannot be timely completed without unreasonable effort
or
expense to the company.
Part
IV -
Other Information
|
(1)
|
Name
and telephone number of person to contact in regard to this
notification.
|
Richard
D. Surber
President
(801)575-8073
(Name)
(Title) (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 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 narrative and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Nexia Holdings, Inc.
(Name
of
Registrant as specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
Date:
November 14, 2005 By:
/s/
Richard D. Surber .
Name:
Richard D. Surber
Title:
President
Anticipated
Change in the results of operations:
As
a
result of the sale during the second quarter of 2005 of the Glendale Shopping
Center by Nexia’s subsidiary West Jordan Real Estate Holdings, Inc. it is
anticipated that the results of operation for Nexia on a consolidated basis
will
result in a significant decrease in losses due to the costs related to operation
of that center and the realization of changed operational results from the
sale
of that property during the third quarter of 2005 as compared to the third
quarter of 2004. The estimated gross revenue for the third quarter of 2005
is
expected to be $40,000 compared to $185,600 for the third quarter in 2004 and
the total net losses expected for the third quarter of 2005 are estimated to
be
$222,300 compared to net losses reported for the third quarter of 2004 were
$301,576.