Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Lifeloc Technologies (Name of Issuer) |
Common Stock, no par value (Title of Class of Securities) |
53220Y207 (CUSIP Number) |
Vern D. Kornelsen 4605 Denice Drive, Englewood, CO, 80111 303-796-9192 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/23/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 53220Y207 |
| 1 |
Name of reporting person
EDCO Partners LLLP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
COLORADO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,100,119.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
76.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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| CUSIP No. | 53220Y207 |
| 1 |
Name of reporting person
Vern D. Kornelsen | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
COLORADO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,134,245.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
77.54 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, no par value | |
| (b) | Name of Issuer:
Lifeloc Technologies | |
| (c) | Address of Issuer's Principal Executive Offices:
12441 West 49th Ave., Unit #4, Wheat Ridge,
COLORADO
, 80033. | |
Item 1 Comment:
This Schedule 13D is being filed to replace the Schedule 13G filed on February 14, 2012. The Reporting Persons did not previously file this Schedule 13D due to a mistaken belief that no such filing was required. Upon recently determining that a Schedule 13D filing obligation existed, the Reporting Person is filing this Schedule 13D promptly.The percentages in Box 13 above are based on 2,752,616 shares of Common Stock issued and outstanding as of March 31, 2025. | ||
| Item 2. | Identity and Background | |
| (a) | i. EDCO Partners LLLP ("EDCO"); andii. Vern D. Kornelsen, an individual, as general partner of EDCO. | |
| (b) | The business address of each of the Reporting Persons is 4605 S Denice Dr., Englewood, CO 80111. | |
| (c) | The principal business of Mr. Kornelsen consists of performing the functions of, and serving as general partner of EDCO, and serving as Chief Financial Officer, Secretary and Chairman of the Board of Directors of the Issuer. | |
| (d) | No | |
| (e) | No | |
| (f) | Mr. Kornelsen is a United States citizen. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
On July 23, 2024, EDCO used capital contributions of its limited partners to purchase 210,000 shares of the Issuer's Common Stock in a private placement transaction.On February 28, 2025, EDCO used capital contributions of its limited partners to purchase 34,800 shares of the Issuer's Common Stock in a private placement transaction.Prior to July 23, 2024, EDCO held 1,855,319 shares of the Issuer's Common Stock, acquired in transactions previously reported on beneficial ownership reports on Schedule 13G. | ||
| Item 4. | Purpose of Transaction | |
The Reporting Persons purchased securities of the issuer for investment purposes.Except as otherwise disclosed herein, none of the Reporting Persons currently has any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the board of directors of the Issuer, other stockholders of the Issuer or other third parties regarding such matters. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Based on 2,752,616 shares of the Issuer's Common Stock outstanding as of March 31, 2025, EDCO had sole power to vote and direct the disposition of 2,100,119 shares of Common Stock as of March 31, 2025, constituting approximately 76.3%. EDCO is controlled by its sole general partner, Vern D. Kornelsen, who exercises sole voting and dispositive power over all the shares of Common Stock held by EDCO, and holds 34,126 shares of Common Stock directly. As a result, Mr. Kornelsen has sole power to vote and direct the disposition of 2,134,245 shares of Common Stock, constituting approximately 77.5%. | |
| (b) | On July 23, 2024, EDCO used capital contributions of its limited partners to purchase 210,000 shares of the Issuer's Common Stock in a private placement transaction. On February 28, 2025, EDCO used capital contributions of its limited partners to purchase 34,800 shares of the Issuer's Common Stock in a private placement transaction. | |
| (c) | Other than the Reporting Persons, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Reporting Persons' securities. | |
| (d) | None | |
| (e) | N/A | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
None | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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