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Prospector
Profile
07.1079
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| Aerogrow International, Inc. |
NAICS |
333112 |
| 6075 Longbow Drive, Suite 200
Boulder, CO 80301 |
Description |
Garden Equipment Mfg. |
| (303) 444-7755 |
Employees |
59 |
| http://www.aerogrow.com/ |
Revenue |
(mil) |
13.1440 |
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Income |
(mil) |
-10.3860 |
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Assets |
(mil) |
13.0410 |
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Liability |
(mil) |
5.0570 |
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(for the year ended 2007-03-31) |
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Category:
Loss/Deficit
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Event:
Aerogrow International, Inc. reported a net loss of $10,386,451 for the year ended March 31, 2007, higher than the net loss reported during its previous fiscal year of $7,543,343. As a result of its recurring losses, the Company has an accumulated deficit of $29,792,163 in its March 31, 2007 balance sheet.
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Intellectual Property:
The Company has spent over four years innovating, simplifying, combining and integrating numerous proprietary technologies and inventions into a family of “plug and grow” aeroponic kitchen garden systems and related seed kits specifically designed and priced for the mass consumer market. The Company has filed 19 patent applications in the United States to protect inventions. It has been issued 7 trademarks, one of which has been registered (AeroGarden®), and has an additional 28 trademark applications pending (25 in the United States and 3 internationally). [SEC Filing 10-KSB 06-29-07]
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Description:
The Company engages in the development, marketing, and distribution of indoor aeroponic garden systems for gardening, cooking and small kitchen appliance, healthy eating, and home and office decor markets worldwide.
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Officers:
W. Michael Bissonnette (Pres., CEO & Dir.); Mitchell B. Rubin (CFO); Randall Lee Seffren (Chief Marketing Officer); Richard A. Kranitz (Dir.); Dennis Channer (Dir.); Jack J. Walker (Dir.); Kenneth Leung (Dir.)
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Auditor:
Gordon Hughes & Banks LLP
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Securities:
Common Stock-Symbol AERO; NasdaqGM;
11,065,609 common shares outstanding as of May 31, 2007.
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