WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING

                                                 Commission File Number: 0-22146

(Check one):

[X] FORM 10-K    [ ] Form 10-KSB   [ ] Form 11-K       [ ]  Form N-SAR
[ ] Form 20-F    [ ] Form 10-Q     [ ] Form 10-QSB

                      FOR THE YEAR ENDED DECEMBER 31, 2001

[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR

                FOR THE TRANSITION PERIOD ENDED _________________

       Read attached Instruction Sheet before preparing form. Please print or

       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:

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant:             Applied Biometrics, Inc.

Former name if applicable:

Address of principal executive office (street and number):  P.O Box 583457

City, State and Zip Code:  Minneapolis, MN 55458-3457

                                     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 appropriate box.)

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

         State below in reasonable detail the reasons why Forms 10-K, 10-KSB,
11-K, 20-F, 10-Q, 10-QSB, N-SAR, or the transition report portion thereof, could
not be filed within the prescribed time period:

         The Registrant was unable to file the Annual Report on Form 10-K for
the fiscal year ended December 31, 2001 (the "Report") without unreasonable
effort or expense due to the fact that the Registrant is in the process of
winding-up its business operations and was unable to assemble certain
information necessary for inclusion therein.

                                     PART IV
                                OTHER INFORMATION

       (1) Name and telephone number of person to contact in regard to this

             Kimberly A. Lowe                            (612) 607-7000
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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

         (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 appropriate, state the reasons why a
reasonable estimate of the results cannot be made.


                            APPLIED BIOMETRICS, INC.

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

Date:    April 2, 2002                 By:      /s/ James D. Bonneville
     ------------------                   --------------------------------------
                                                James D. Bonneville

                                       Its:     Chief Executive Officer