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: June 30, 2003 . . . . . SEC FILE NUMBER 33-2128-D
CUSIP NUMBER 65336B 10 3
[ ] 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.
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Former Name if Applicable N/A
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Address of Principal Executive Office:
268 West 400 South, Suite 300
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.
The Company received a comment letter from the Securities and Exchange
Commission dated July 23, 2003, concerning certain revenue recognition
procedures . As a result, the Company is expending additional time, effort and
expense evaluating the need to restate the comparable period financial
statements for 2002. The potential need to restate the comparable 2002
financials has caused delays in finalizing the June 30, 2003 Form 10-QSB. As a
result, the Company's Form 10-QSB for the quarter ending June 30, 2003 could not
be prepared for timely filing without unreasonable effort and expense.
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
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(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?
( ) Yes ( X) 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.
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(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 14, 2003 By: /s/ Richard Surber
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Name: Richard D. Surber
Title: President