Grill Concepts Inc. said Tuesday it received a notice from the Nasdaq of a violation of the listing requirements for its stock because the company hasn't yet filed its Form 10-Q for the first quarter ended March 27.

Last month, the L.A.-based operator of the Daily Grill chain said it received an initial notice from the Nasdaq for failing to file its fourth quarter results on time. The company delayed the filing because it was reviewing its lease accounting procedures, but filed fourth quarter results on Monday. The company said it will file its first quarter results "in the near term."

Scores of restaurants and retailers have restated earnings following a Securities and Exchange Commission clarification regarding how rent holidays, among other lease issues, are recorded.

On Monday, Grill Concepts reported net income of $230,000 (4 cents per diluted share) for the fourth quarter ending Dec. 26, compared to $120,000 (2 cents) for the like period a year earlier.

Revenue rose to $17.1 million from $15.2 million for the year-ago period.

Grill Concepts' earnings were restated for the first and third quarters of 2004, and the first quarter of 2003. However, the restatements did not amount to more than a penny per diluted share for any of the quarters.

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