UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 1-12471
CUSIP NUMBER: [458124 10 8]
|X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR
|_| Form N-CSR
For Period Ended: December 31, 2007
|_| 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
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: Not applicable
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Integrated Surgical Systems, Inc.
Former Name if Applicable: Not Applicable
Address of Principal Executive Office: 1433 N. Market Blvd. Suite 1, Sacramento,
CA 95834
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.
(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 20-F, Form 11-K, Form N-SAR or Form
N-CSR, or portion thereof, will be filed on or before the
|X| fifteenth calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form
10-Q, or subject distribution report on Form 10-D, 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-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 period.
The Registrant is unable to timely file its Annual Report on Form 10-KSB
for the year ended December 31, 2007 without unreasonable effort or
expense as a result of the failure of the Registrant's certified public
accountant to timely complete its review and audit of the Registrant's
financial statements.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Charles J. Novak (916) 285-9943
---------------- ----- --------
(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 statements to be included in the subject report or portion
thereof?
|X| Yes |_| 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.
See attachment.
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Integrated Surgical Systems, Inc. has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
Date: April 1, 2008 Integrated Surgical Systems, Inc.
By: /s/ Peter B. Mills
---------------------------------------
Peter B. Mills, Chief Executive Officer
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Attachment to Form 12b-25
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Part IV - Other Information, Item (3)
For the year ended December 31, 2007, the Registrant's results of operations
reflected net income of approximately $4.9 million as compared with net income
for the year ended December 31, 2006 of approximately $1.6 million. The increase
in net income in 2007 of approximately $3.3 million is attributable to income
from discontinued operations principally arising out of the sale of
substantially all of the Registrant's assets in June 2007.