Life Clips Inc (fka LCLP)

[Dolly Llama]

The SEC site gives a good explanation. I think we can trust the SEC site to give accurate info on SEC filing requirements. Life Clips is in the of "Non-Accelerated Filer" category because the float is less than $75 million. So the deadline for filing 10-K annual reports is 90 calendar days after the end of the quarter. The deadline for filing 10-Q quarterly reports is 45 calendar days after the end of the quarter.

SEC site explanation of filing deadlines

As for the extension deadlines, that is made clear on the NT filing form which Life Clips filed. An extension for a 10-K annual report is 15 calendar days, and an extension for a 10-Q quarterly report is 5 calendar days.

"[X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15 th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date;"

NT 10-K filed by Life Clips

The second quarter ended on June 30th. So the 10-K was due 90 calendar days later, which was September 28th. Life Clips filed an NT 10-K on September 28th, giving it an additional 15 calendar days to file. So the 10-K was due on October 13th.

Hope this clears up any remaining confusion.