UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-19333
FORM 10-KSB CUSIP NUMBER
09061Q 10 9
For Period Ended: June 30, 2001
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
Bion Environmental Technologies, Inc.
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Full Name of Registrant
18 East 50th Street, 10th Floor
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Address of Principal Executive Office (Street and Number)
New York, New York 10002
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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)
[ ] (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 20-F, 11-K, Form 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 of 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 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Work stoppages and a general unavailability of personnel during a
critical time period as a result of the recent terrorist attack on the
World Trade Center in New York City have caused us to be unable to file
our Form 10-KSB within the prescribed time period.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
David Mitchell (212) 758-6622
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(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
reports) been filed? If 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
We expect to report that during the fiscal year ended
June 30, 2001 we had a net loss of approximately
$15,553,000 as compared to a net loss of $8,897,385
during the fiscal year ended June 30, 2000. The
increase in net loss of approximately $6,655,615 was
primarily a result of an increase in non-cash general
and administrative expenses of $3,999,043 and an
increase of non-cash interest expense of $3,769,616
incurred during the year ended June 30, 2001.
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Bion Environmental Technologies, 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
hereunto duly authorized.
Bion Environmental Technologies, Inc.
By: /s/ David Mitchell
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David Mitchell, President and CEO
Date: September 28, 2001
[ATTENTION: Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]