SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
SEC File Number: 001-31747
CUSIP Number: 913821 30 2
NOTIFICATION OF LATE FILING
(Check one): |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q
|_| Form 10-D |_| Form N-SAR |_| Form N-CSR
For Period Ended: March 31, 2008
-----------------
|_| Transition Report on Form 10-K |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F |_| Transition Report on Form N-SAR
|_| Transition Report on Form 11-K
For the Transition 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:
________________________________________________________________________________
PART I
REGISTRATION INFORMATION
Full Name of Registrant: Universal Security Instruments, Inc.
Former Name if Applicable: N/A
------------
Address of Principal Executive Office (Street and Number): 7-A Gwynns Mill Court
----------------------
City, State and Zip Code: Owings Mills, Maryland 21117
-------------------------------
PART II
RULE 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 20-F, Form 11-K, Form N-SAR 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 of 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
12-b-25 (c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why the form 10-K, 20-F,
11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Registrant's Ontario, Canada based business was placed in
receivership during the fourth quarter of the registrant's fiscal
year ended March 31, 2008. Due to the liquidation of the Canadian
assets and accompanying activities and accounting treatments, the
Registrant has not yet completed its financial statements.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Harvey B. Grossblatt (410) 363-3000
-----------------------------------------------------------------------
(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 Investment Company Act of
1940 during the proceeding 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 narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Universal Security Instruments, 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: June 27, 2008 By: /s/ Harvey B. Grossblatt
------------------------------
Harvey B. Grossblatt
President
UNIVERSAL SECURITY INSTRUMENTS, INC.
SEC File Number: 001-31747
FORM 12b-25
Part IV, Item (3)
The registrant anticipates that a significant change in results of operations
for its fiscal year ended March 31, 2008 from its fiscal year ended March 31,
2007 will be reported in the subject Annual report on Form 10-K. As a result of
the receivership during the fourth quarter of the registrant's fiscal year ended
March 31, 2008 of the registrant's Canadian subsidiary, the discontinuation of
the subsidiary's operations and the resulting liquidation of the subsidiary's
assets, the registrant will be reporting a significant net loss for its fiscal
year ended March 31, 2008, compared to net income of $5,533,258 for its fiscal
year ended March 31, 2007. The exact amount of the loss cannot be determined
until all accounting and financial information is appropriately recorded in
accordance with GAAP. Due to the requirements of accounting standard FAS 5, the
registrant will not be able record a significant gain related to the future
anticipated release of debt to certain unsecured creditors from discontinued
operations until the liquidation is completed which should occur during the
registrant's fiscal year ending March 31, 2009