UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SEC FILE NUMBER
FORM 12b-25 0-31729
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NOTIFICATION OF LATE FILING CUSIP NUMBER
45819Y 10 1
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(Check One): ( )Form 10-K ( )Form 20-F ( )Form 11-K
(X)Form 10-Q ( )Form N-SAR ( )Form N-CSR
For Period Ended: March 31, 2005
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( ) 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: _____________________
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:______________________
PART I - REGISTRANT INFORMATION
Integrated Data Corp.
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Full Name of Registrant
625 Ridge Pike, Suite C-106
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Address of Principal Executive Office (Street and Number)
Conshohocken, PA 19428
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City, State and Zip Code
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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, Form 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.
( ) (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 why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-
CSR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
On January 26, 2005 Integrated Data Corp ("IDC" or the "Company") agreed to
sell the DataWave International License, an asset of the Company, back to
DataWave Systems Inc ("DataWave") for $865,000 payable as $265,000 in cash
and $600,000 in the form of a two-year convertible, interest free promissory
note. On February 3, 2005 the Company and DataWave agreed on compensation
terms for their aborted merger. DataWave agreed to reimburse IDC for
$470,000 of merger expenses payable as $235,000 in cash and $235,000 in
DataWave common shares valued at $0.08 per share for a total of 2,927,500
newly issued shares. When received, this will bring IDC's ownership in
DataWave to 24,899,530 shares or 53.2%. (See the Form 8-K dated March 3,
2005 filed by the company on March 9, 2005.) The Company and its accountants
need additional time to assess how these transactions occurring during the
quarter ended March 31, 2005 affect the March 31, 2005 financial statements.
As a result, it is management's opinion that financial statements for the
three-month and nine-month periods ended March 31, 2005 cannot be completed
by May 16, 2005 (the original due date for Form 10-Q) without unreasonable
effort or expense. Management expects to file a completed Form 10-Q for the
quarter ended March 31, 2005 on or before May 20, 2005.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
David C. Bryan 610 825-6224
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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 report(s) 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 statement to be included in the subject report or portion
thereof? ( )Yes (X)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.
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Integrated Data Corp.
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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: May 16, 2005 By: /s/David C. Bryan
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David C. Bryan
President & Chief Executive Officer
(Principal executive officer and
principal financial officer)
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