UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

Commission File Number 001-08568

(Check One):  [X]  Form 10-KSB  [  ]  Form 20-F  [  ]  Form 11-K  [  ]  Form 10-Q

[  ]  Form 10-D  [  ]  Form N-SAR  [  ]  Form N-CSR

For Period Ended: December 31, 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:___________________________________________________________________

      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:_______________________________________________________________________________________

_____________________________________________________________________________________________

PART I

REGISTRANT INFORMATION

IGI, Inc

Full name of registrant

Former name if applicable

105 Lincoln Avenue

Address of principal executive office (Street and number)

Buena, New Jersey   08310

City, state and zip code

PART II

RULE 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, Form 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 subject distribution report on Form 10-D, 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

      State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

      Management requires additional time to compile data to furnish to its professionals to complete the Form 10-KSB for the fiscal year ended December 31, 2005.

PART IV

OTHER INFORMATION

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

Frank Gerardi, Chairman and Chief Executive Officer

(856) 697-1441

(Name)

(Area Code) (Telephone Number)

      (2)      Have all other periodic reports required under Section 13 or 15(d) or 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).

Yes  [X]  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  [  ]  No  [X]

      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.

IGI, Inc

(Name of Registrant as Specified in Charter)

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

Date:  March 30, 2006

By: /s/ Frank Gerardi

Name: Frank Gerardi

Title: Chairman and Chief Executive Officer