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

                                   FORM 12b-25

                                                       SEC FILE NUMBER 000-30997
                                                       CUSIP NUMBER 046352 10 0

                           NOTIFICATION OF LATE FILING

(Check One): |_| Form 10-K            |_| Form 20-F             |_| Form 11-K
             |X| Form 10-Q            |_| Form N-SAR            |_| Form N-CSR

      For Period Ended: September 30, 2005
                        --------------------------------------------------------

|_|   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

      For the Transition Period Ended:
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      Read Instruction (on back page) Before Preparing Form. Please Print or
Type.

      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:
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                                     PART I
                             REGISTRANT INFORMATION

Full Name of Registrant ASTRALIS LTD
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Former Name if Applicable

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Address of Principal Executive Office (Street and Number)

      75 Passaic Avenue
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City, State and Zip Code Fairfield, New Jersey 07004
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                                     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)

      (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
            Form 10-K, 20-F, 11-K, Form N-SAR 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 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.


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                                    PART III
                                    NARRATIVE

      State below in reasonable detail the reasons why the 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 time period. (Attach extra sheets if needed.)

            The Registrant was unable to assemble the necessary information to
      complete the Quarterly Report on Form 10-QSB within the prescribed time
      period without incurring unreasonable expense.

                                     PART IV
                                OTHER INFORMATION

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

      Michael Garone                  (973)                        227-7168
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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.


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

                                                           ASTRALIS LTD.


Date: November 14, 2005                              By: /s/Michael Garone
                                                         -----------------------
                                                         Michael Garone
                                                         Chief Financial Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

----------------------------------ATTENTION-------------------------------------

                 INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
          CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).

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