UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   Form 12b-25
                           NOTIFICATION OF LATE FILING



                                    FORM 10-Q
                      FOR THE QUARTER ENDED MARCH 31, 2004



                           SEC FILE NUMBER: 000-31332
                              CUSIP NUMBER: 53634X





                         PART I - REGISTRANT INFORMATION

Full Name of Registrant:

         LIQUIDMETAL TECHNOLOGIES, INC.

Address of Principal Executive Office (Street and Number):

         25800 Commercentre Drive, Suite 100

City, State and Zip Code:

         Lake Forest, California 92630

                        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.

(X)        (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, or semi-annual report, transition
                    report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR, 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 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 has been attached if applicable.

                              PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed).

The Registrant is unable to timely file its report on Form 10-Q for the quarter
ended March 31, 2004 (the "Form 10-Q") without unreasonable effort or expense.
As disclosed in the Registrant's Form 8-K filed May 13, 2005, Deloitte & Touche
LLP, the Registrant's independent auditor, resigned from the client-auditor
relationship with the Company effective May 6, 2004. The Registrant's Audit
Committee is currently in the process of selecting new independent certified
public accountants and will file a Form 8-K upon the engagement of a new
auditing firm. In view of the foregoing, it is not possible at this time for the
Registrant to predict with any certainty regarding when the subject Form 10-Q
will be completed and filed.




                           PART IV - OTHER INFORMATION

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

         David Nail, Vice President of Finance
         (813) 314-0280

(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 reports) been
         filed? If answer is no, identify report(s).


                  ( )      Yes              (X)      No

         The Registrant's Form 10-K for the fiscal year ended December 31, 2004
has not been filed as of this date.

(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

(4)      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.

                  A reasonable estimate of the change in results cannot be made
due to the reasons disclosed in Part III of this Form 12b-25.

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


Date:  May 18, 2004                     By:   /s/ John Kang
                                           -------------------------------------
                                             John Kang
                                             President and Chief Executive
                                             Officer






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