The SEC allows 60 day from close of fiscal year to report annual financial results. The Auditing firm must have been working on both 2013 and 2014 results concurrently. There is now excuse to file late.
There is no reason the SEC should approve an extension of a late filing IMO.
File on time or get delisted is my opinion. Or file Chapter 7 and just let god and the creditors sort it out later