UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 OMB NUMBER: 3235-0058
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FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-17449
CUSIP NUMBER
(Check One): [X] Form 10-KSB [ ] Form 20-F [ ] Form11-K [ ] Form10-Q
[ ] Form N-SAR [ ] Form N-CSR [ ] Form N-SAR
For Period Ended: June 30, 2006
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[ ] Transition Report on 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form11-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 related to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
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Full Name of Registrant
Procyon Corporation
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
1300 South Highland Avenue
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City, State and Zip Code
Clearwater, Florida 33756
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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)
(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 10-KSB, 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
[X] quarterly report of transition report on Form 10-Q or Form
10-QSB, 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-KSB, 20-F, 11-K, 10-Q,
N-SAR or N-CSR, or transition report or portion thereof, could not be filed
within the prescribed time period.
The Registrant is unable to file, without unreasonable effort and expense,
its Annual Report on Form 10-KSB for the period ended June 30, 2006 in a
timely manner because of unanticipated delays. It is anticipated that the
Annual Report on Form 10-KSB, along with the financial statements, will be
filed within one to two business days of the prescribed due date.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
James B. Anderson (727) 447-2998
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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 reports(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 or portion
thereof?
Yes [ ] No [X]
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.
Procyon Corporation
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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.
PROCYON CORPORATION
Date: September 29, 2006 By: /s/ James B. Anderson
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James B. Anderson, Chief Financial
Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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