NT 10-K 1 bf006_nt10k.htm FORM NT 10-K

 

 

 

       
  UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549		  
     
 
   
  FORM 12b-25

SEC FILE NUMBER

000-56262

  NOTIFICATION OF LATE FILING

CUSIP NUMBER

 __________

 

 

(Check one):  X  Form 10-K     Form 20-F     Form 11-K     Form 10-Q     Form 10-D     Form N-CEN     Form N-CSR
 
  For Period Ended:   February 28, 2023
     
     Transition Report on Form 10-K
     
     Transition Report on Form 20-F
     
     Transition Report on Form 11-K
     
     Transition Report on Form 10-Q
     
     
  For the Transition Period Ended:  

 

Read Instructions (on back page) Before Preparing Form. Please Print or Type.

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:

 

 

 

PART I — REGISTRANT INFORMATION

 

BETTER FOR YOU WELLNESS, INC.
Full Name of Registrant.
 
N/A
Former Name if Applicable
 
1349 East Broad Street
Address of Principal Executive Office (Street and Number)  
 
Columbus, OH  43205
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)

 

x (a) The reason 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-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
(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 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. (Attach extra Sheets if Needed)

 

The Company is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the period ended February 28, 2023 (the “Annual Report”) because it is awaiting consent from its former auditor to restate the valuation of stock options granted to directors dated September 30, 2021, based on the Black–Scholes model of valuation, was wrongly calculated due to an error in input variable of grant date resulting in changes in call value for stock options expense recognition. At this time, the former auditor has been unable to provide consent. Therefore additional time is needed for the Company to compile and analyse supporting documentation to complete the Annual Report and to permit the Company’s independent registered public accounting firm to complete its review.

 

PART IV — OTHER INFORMATION

 

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

 

Ian James   614   368-9898  
(Name)   (Area Code)   (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 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 x  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  x 

 

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.

 

 

 

 

BETTER FOR YOU WELLNESS, INC.

 

(Name of Registrant as Specified in Charter)

 

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

 

Date: May 30, 2023   By: /s/ Ian James
        Ian James, Chief Executive Officer