No it is not an excuse, IFUS will file this years annual report.
"That is nothing more than another excuse for not having already filed"
The fiscal year ends the last day of Sept 2013. It takes 90 days to prepare the annual reports. So it can not be filled before the end of 2013.
All IFUS shareholders know that 2010 was the last annual fiscal report filed. 2011 report was Due Jan 2012, so it is only 1 year and 8 months late, not 3 years late!
All IFUS shareholders can safely assume that IFUS lost money until this year. Or at least it is safe to assume they were not real profitable before this year. So there is no point in fussing over prior years financials and whether they lost $500 to made $500 in 2012.