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Prospector
Profile
07.1088
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| Dynamotive Energy Systems Corporation |
NAICS |
324110 |
| Suite 230 -1700 West 75th Avenue
Vancouver, British Columbia, Canada V6P 6G2 |
Description |
Fuel Refineries |
| (604) 267-6000 |
Employees |
0 |
| http://www.dynamotive.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-14.2520 |
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Assets |
(mil) |
38.0930 |
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Liability |
(mil) |
8.3130 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Dynamotive Energy Systems Corporation reported a net loss of $14,252,382 for the year ended December 31, 2006, higher than the net loss reported in previous years of $11,997,344 in 2005 and $9,916,215 in 2004. As a result of its recurring losses, the Company has an accumulated deficit of $73,099,779 as of December 31, 2006. It also used cash for operating acitivities of $9,402,744 in 2006, compared to $6,734,729 in 2005 and 2,883,735 in 2004.
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Intellectual Property:
As of May 24, 2007, the Company’s key patent is protected in 11 countries, patent applications pending in 5 countries and is scheduled to expire between years 2016 and 2018. A US Patent was granted in February 2006 to expire in year 2024 with respect to an enhancement of the key patent. Based on this, a US PCT application was filed in February 2005; a Eurasian patent application was filed in March 2006. [SEC Filing 20-F 06-29-07]
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Description:
The Company develops and markets biofuel technology and products based on its patented fast pyrolysis technology.
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Officers:
Richard Chen-Hsing Lin (Chair); R. Andrew Kingston (Pres., CEO & Dir.); Brian Richardson (CFO); Laura Santos (Sec.); Curtin Winsor, Jr., Ph.D. (Dir.); Desmond Radlein, Ph.D. (Dir.); Shing-Cheng Hong (Dir.); Chih-Lin Chu (Dir.); George J. Terwilliger III (Dir.)
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Auditor:
BDO Dunwoody LLP
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Securities:
Common Stock-Symbol DYMTF.OB; OTC BB;
171,765,776 common shares outstanding as of December 31, 2006.
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