UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 0 - 14188
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CUSIP NUMBER 868908104
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(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: 11/30/02
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PART I - REGISTRANT INFORMATION
Surge Components, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
95 E. Jefryn Boulevard
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Address of Principal Executive Office
(Street and Number)
Deer Park, NY 11729
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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).
[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, 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 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 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.
The Registrant is unable to File its Annual Report
on Form 10-KSB for its fiscal year ended November 30, 2002
on or before February 28, 2003, without unreasonable effort
or expense, because the Registrant does not have all
the information necessary to complete the preparation
of the Form 10-KSB.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification.
Ira Levy (631) 595-1818
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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 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.
The Registrant anticipates reporting revenues of
approximately $10,917,000 and a net loss of approximately
$1,740,000 for the year ended November 30, 2002,
compared to revenues of approximately $15,723,000 and a net
loss of $6,111,000 for the year ended November 30, 2001.
Surge Components, 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.
Date: 2/27/03 By:/s/Ira Levy
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Ira Levy, President
ATTENTION
International misstatements or omissions of fact
constitute Federal Criminal Violations (See 18 U.S.C. 1001).