U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12B-25
NOTIFICATION OF LATE FILING
0-5128
SEC File Number
810202 10 1
CUSIP Number
(Check One) [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q [ ] Form N-SAR
For Period Ended ........................ September 30, 2002
[ ] 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........................
[Read Instruction (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:
Not Applicable
PART I -- REGISTRANT INFORMATION
Scott's Liquid Gold-Inc.
Full Name of Registrant
Not Applicable
Former Name if Applicable
4880 Havana Street
Addresses of Principal
Executive Office
Denver, CO 80239-0019
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 reasons 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, 11-K or 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(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, N-SAR or the transition report or portion
thereof, could not be filed in the prescribed period.
Scott's Liquid Gold-Inc. (the "Company") and its independent
accountants, KPMG LLP, have not been able to complete a review
of the unaudited consolidated financial statements of the
Company for the three and nine months ended September 30, 2002.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification:
Jeffry B. Johnson (303) 373-4860
(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) has been filed?
If the 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 of portion thereof?
Yes [x] No [ ]
If so, attach an explanation of the anticipated change, both
narratively and quantatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
The Company anticipates that the Company will have net income
for the three months and nine months ended September 30, 2002,
compared to a net loss of ($657,400) and ($1,323,600) for the
three and nine months ended September 30, 2001. The Company is
unable to state amounts for the net income because the review
of financial statements has not yet been completed. The Company
expects that the anticipated net income will be attributable
in large part to the Company's receiving $594,600 as payment of
a judgment in a lawsuit against an insurer, as previously
reported, and a reduction in its accounts receivable allowance
based upon various factors. Revenues for the three months
ended September 30, 2002 are anticipated to be higher than
revenues of $4,933,400 for the three months ended September 30,
2001. Revenues for the nine months ended September 30, 2002
are anticipated to be lower than revenues of $19,439,000 for
the nine months ended September 30, 2001. The increase in
revenues for the three months ended September 30, 2002, compared
to third quarter of 2001, is due primarily to higher sales of
Montagne Jeunesse products that more than offset the decreases
in sales of Alpha Hydrox products and household chemical
products. The decrease in revenues for the nine months ended
September 30, 2002 compared to the nine months ended
September 30, 2001 is primarily due to a decrease in sales of
Alpha Hydrox products and household chemical products offset in
part by higher sales of Montagne Jeunesse products.
SCOTT'S LIQUID GOLD-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: November 14, 2002 By: /s/ Jeffry B. Johnson
Jeffry B. Johnson
Treasurer and Chief
Financial Officer