Washington, D.C. 20549



FORM 12b-25




(Check one): ☐Form 10-K ☐Form 20-F ☐Form 11-K ☒Form 10-Q ☐Form 10-D ☐ Form N-CEN

                        ☐Form N-CSR


For Period Ended: June 30, 2021                                                                                                      


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: ______________________________________________________________


Nothing in this form shall be construed to imply that the Commission has veried 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:






Full Name of Registrant



Former Name if Applicable


12015 Lee Jackson Memorial Highway, Suite 210

Address of Principal Executive Office (Street and Number)


Fairfax, VA 22033

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)




The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense


The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form 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 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



The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.






State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.


The Registrant requires additional time for its auditors to complete their review of the Registrant’s quarterly report for the period ended June 30, 2021.





Name and telephone number of person to contact in regard to this notification


Matthew T. Sands   (703)   293-7925
(Name)   (Area Code)   (Telephone Number)



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 report(s) been filed? If answer is no, identify report(s).  Yes ☒ No ☐




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.




(Name of Registrant as Specified in Charter)


has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 16, 2021   By: Matthew T. Sands


INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.



Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).




Explanation for Part IV, Question (3):


The following is a summary of the Registrant’s anticipated changes in the three months and six months June 30, 2021, versus the same periods reported in the three months and six months ended June 30, 2020.



Three months ended


Six months ended


(in thousands, except per share amounts)


June 30, 2021


June 30, 2020


June 30, 2021


June 30, 2020


Total revenues

  $ 4,732     $ 4,819     $ 8,152     $ 6,881  

Total cost of revenues

    3,776       4,430       6,176       6,213  

Gross profit

    956       389       1,976       668  

Selling, general & adminstrative expenses

    819       423       1,500       830  

Acquisition costs

    83       -       153       -  

Income (loss) from operations

    54       (34 )     323       (162 )

Other (expense) income, net

    (11 )     (1 )     (9 )     1  

Net Income

  $ 43     $ (35 )   $ 314     $ (161 )

Net income (loss) per share, basic and diluted

  $ -     $ -     $ 0.03     $ (0.01 )


The significant changes between the results periods presented are due to the material professional fees subcontracts that have commenced since or at the end of the period ending June 30, 2020, as well as the acquisition of the Registrant’s wholly-owned subsidiary, Tellenger, Inc., in April 2021. The increase in the percentage revenues from higher-margin professional fees versus revenues from lower-margin software sales has materially increased the Registrant’s gross profits and net income.