# EDGAR Filing Document

**Accession Number:** 0001816937
**File Stem:** 0001641172-25-024115
**Filing Date:** 2025-8
**Character Count:** 7753
**Document Hash:** 521564ae5f392d7487c069564686f883
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-024115.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001641172-25-024115

**CONFORMED SUBMISSION TYPE**: NT 10-Q

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOXABL Inc.
- **CENTRAL INDEX KEY:** 0001816937
- **STANDARD INDUSTRIAL CLASSIFICATION:** GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 852511929
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56579
- **FILM NUMBER:** 251220477

**BUSINESS ADDRESS:**
- **STREET 1:** 5345 E. N. BELT ROAD
- **CITY:** NORTH LAS VEGAS
- **STATE:** NV
- **ZIP:** 89115
- **BUSINESS PHONE:** 7025009000

**MAIL ADDRESS:**
- **STREET 1:** 5345 E. N. BELT ROAD
- **CITY:** NORTH LAS VEGAS
- **STATE:** NV
- **ZIP:** 89115

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Boxabl Inc.
- **DATE OF NAME CHANGE:** 20200707

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|:---|:---|
| **UNITED STATES** | **OMB APPROVAL** |
| **SECURITIES AND EXCHANGE COMMISSION** | OMB Number: 3235-0058 |
| **Washington, D.C. 20549** | Expires: August 31, 2025 |
|  | Estimated average burden |
| **FORM 12b-25** | hours per response 2.50 |
|  | SEC FILE NUMBER<br>|
| **NOTIFICATION OF LATE FILING** | CUSIP NUMBER<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| *(Check one):* | ☐ Form 10-K | ☐ Form 20-F | ☐ Form 11-K |  |
|  | ☒ Form 10-Q | ☐ Form 10-D | ☐ Form N-CEN | ☐ Form N-CSR |
|  | For Period Ended: | <u>June 30, 2025.</u> | <u>June 30, 2025.</u> | <u>June 30, 2025.</u> |
|  | ☐ Transition Report on Form 10-K | ☐ Transition Report on Form 10-K | ☐ Transition Report on Form 10-K | ☐ Transition Report on Form 10-K |
|  | ☐ Transition Report on Form 20-F | ☐ Transition Report on Form 20-F | ☐ Transition Report on Form 20-F | ☐ Transition Report on Form 20-F |
|  | ☐ Transition Report on Form 11-K | ☐ Transition Report on Form 11-K | ☐ Transition Report on Form 11-K | ☐ Transition Report on Form 11-K |
|  | ☐ Transition Report on Form 10-Q | ☐ Transition Report on Form 10-Q | ☐ Transition Report on Form 10-Q | ☐ Transition Report on Form 10-Q |
|  | For the Transition Period Ended:________________________________________ | For the Transition Period Ended:________________________________________ | For the Transition Period Ended:________________________________________ | For the Transition Period Ended:________________________________________ |

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<br> *Read Instruction (on back page) Before Preparing Form. Please Print or Type.*<br> **Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.**<br>

If the notification relates 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** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BOXABL Inc. |
| Full Name of Registrant |
| Former Name if Applicable |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5345 E. N. Belt Road |
| Address of Principal Executive Office (Street and Number) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;North Las Vegas, NV 89115 |
| City, State and Zip Code |

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SEC 1344 (01-19) Potential 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 control number.

Board of Governors of the Federal Reserve System OMB Number 7100-0091 Approval expires February 28, 2026

**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)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 reason 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-CEN or Form N-CSR, 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 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 why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

BOXABL Inc. (the "Company") has experienced significant turnover in its IT and accounting teams recently and the onboarding and training of new staff has resulted in delays that make the timely filing of the Quarterly Report on Form 10-Q impracticable without undue hardship and expense to the Company. The Company undertakes the responsibility to file such Quarterly Report no later than five calendar days after its original due date.

**PART IV — OTHER INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Name
 and telephone number of person to contact in regard to this notification

<u>Martin Noe Costas</u> <u>(702)</u> <u>500-0591</u> <br> (Name) (Area Code) (Telephone Number)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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).

☒ Yes ☐ No

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

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.

Boxabl Inc. (the "Company") recently obtained modular approval for its Casita in all climate zones in California in 2025 and, as a result, it has decided to rework certain of its existing units to meet the California modular specification so that these units are able to be sold in California. As a result, in the second quarter of 2025, approximately $7.1 million of inventory was reclassified from finished goods to work-in-process on the consolidated balance sheet. In addition, following an inventory slow movement analysis, the Company determined to write down 68 units that had been held in inventory for an extended time period and for which the Company determined that it was not cost effective to rework. The Company expects to take a charge in its statement of comprehensive loss related to inventory of approximately $8.4 million.

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<u>BOXABL Inc.</u> <br> (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| Date | August 14, 2025 | By | */s/ Martin Noe Costas* |
|  |  |  | Chief Financial Officer and |
|  |  |  | Principal Accounting Officer |

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