SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING


      |_| Form 10-KSB |_| Form 20-F |_| Form 11-K |X| Form 10-QSB |_| Form N-SAR

For the Period Ended: July 1, 2006 to September 30, 2006

      |_| Transition Report on Form 10-KSB
      |X| Transition Report on Form 10-QSB
      |_| Transition Report on Form 20-F
      |_| Transition Report on Form N-SAR
      |_| Transition Report on Form 11-K

      For the Transition Period Ended: September 30, 2006

                                Read Instruction

    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 - COMPANY INFORMATION


Neuralstem, Inc.
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Full Name of Company:

N/A
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Former Name, if Applicable:

9700 Great Seneca Highway
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Address of Principal Executive Office (Street and Number):

Rockville, Maryland  20850
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City, State and Zip Code


PART II - RULES 12b-25 (b) and (c)

If the subject report could not be filed without reasonable effort or expense
and the Company seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)

|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 or semi-annual report, transition
                report on Form 10-KSB, Form 20-F, 11-K or 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-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 - NARRATIVE

Documentation necessary in order to prepare a complete filing could not have
been obtained without unreasonable effort or expense. The Company expects to
file within the extension period.

PART IV - OTHER INFORMATION

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

         Richard Garr  301-366-4841

(2)      Have all or other periodic report 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 Company was required to file such report(s) been filed?
         If the answer is no, identify report(s).
         |X| Yes |_| No

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(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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                              Neuralstem, Inc

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

Date   November 14, 2006                     By:/s/ I. Richard Garr
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                                                    Chief Executive Officer