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SEC FILE NUMBER
0-28720
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CUSIP NUMBER
69561N204
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): |X| Form 10-KSB |_| Form 20-F |_| Form 11-K |_| Form 10-Q
|_| Form N-SAR |_| Form N-CSR
For Period Ended: December 31, 2006
|_| 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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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.
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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: N/A
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PART I -- REGISTRANT INFORMATION
Paid, Inc.
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Full Name of Registrant
N/A
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Former Name If Applicable
4 Brussels Street
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Address of Principal Executive Office (Street and Number)
Worcester, Massachusetts 01610
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City, State and Zip Code
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 reason 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, 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 or
| transition report on Form 10-Q or subject distribution reportion
| Form 10-D, or portion thereof, will be filed on or before the
| fifth calendar day following the prescribed due date; and
|
|X| |(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 the Form 10-K, 11-K, 20-F 10-Q, 10-D,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (Attached extra sheets if needed.)
Paid, Inc. (the "Company") is unable to complete the filing of its Form 10-KSB
for the year ended December 31, 2006, without unreasonable effort or expense.
The Company has been informed by its independent registered public accounting
firm that additional time is necessary to complete the audit, the results of
which will form the basis for the Company's Form 10-KSB financial disclosures.
Additional time is required for the independent registered public accounting
firm to analyze information and financial data that are necessary to determine
the accounting treatment of certain equity transactions, which are not expected
to affect earnings per share for the year ended December 31, 2005.
Persons who are to respond to the collection of
information contained in this form are not required to
respond unless the form displays a currently valid OMB
SEC 1344(03-05) control number.
(Attach extra Sheets if Needed)
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Richard Rotman (508) 791-6710
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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 the answer is
no, identify report(s).
|X| Yes |_| No
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(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 |X| No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if applicable, state the reasons why a reasonable
estimate of the results cannot be made. (See explanation in Part III
above).
Paid, Inc. has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: April 2, 2007 By: /s/ Gregory Rotman
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Gregory Rotman, President
Exhibit Index
Exhibit Description of Exhibit
99.1 Letter from Independent Public Accounting Firm