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Prospector
Profile
07.1161
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| All American Pet Company, Inc. |
NAICS |
311111 |
| 16501 Ventura Boulevard, Suite 514
Encino, CA 91436 |
Description |
Dog Food Mfg. |
| (818) 981-2275 |
Employees |
12 |
| http://www.bowwowbreakfast.com/ |
Revenue |
(mil) |
0.3610 |
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Income |
(mil) |
-2.5130 |
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Assets |
(mil) |
0.8640 |
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Liability |
(mil) |
2.8340 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Weinberg & Company PA raised concerns that All American Pet Company, Inc. may be unable to continue as a going concern after auditing its financial statements. The auditor notes that the Company has incurred a net loss of $2,513,266 and a negative cash flow from operations of $1,521,895 for the year ended December 31, 2006. It also has a working capital deficiency of $2,456,364 and a stockholders' deficiency of $1,969,888 at December 31, 2006.
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Intellectual Property:
The Company's success depends on the ability to protect proprietary formulations and trademarks. The Company relies on a combination of trademark and trade secret laws, non-disclosure and other contractual agreements with employees and third parties to protect proprietary formulations and trademarks. The Company has filed for registration with the U.S. Paten and Trademark Office the trademark BowWow Breakfast Cereal™. [SEC Filing 10-KSB 07-17-07]
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Description:
The Company produces, markets, and sells dog food in the United States.
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Officers:
Barry Schwartz (Pres., CEO & Dir.); Lisa Bershan (EVP, Sec. & Dir.)
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Auditor:
Weinberg & Company PA
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Securities:
Common Stock-Symbol AAPT.OB; OTC BB;
14,624,667 common shares outstanding as of July 17, 2007.
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