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Prospector
Profile
07.1201
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| Ikona Gear International, Inc. |
NAICS |
333612 |
| 1650 Brigantine Drive
Coquitlam, British Columbia, Canada, V3K 7B5 |
Description |
Auto Parts Mfg. |
| (604) 523-5500 |
Employees |
15 |
| http://www.ikona.ca/ |
Revenue |
(mil) |
0.4640 |
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Income |
(mil) |
-1.8240 |
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Assets |
(mil) |
0.9720 |
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Liability |
(mil) |
1.2510 |
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(for the year ended 2006-08-31) |
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Category:
Loss/Deficit
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Event:
Ikona Gear International, Inc. reported a net loss of $1,136,896 for the three months ended May 31, 2007, much higher than the net loss reported during the last year's third quarter of $604,045. For the nine months ended May 31, 2007, the Company has a net loss of $3,012,020, a large increase over the $1,222,800 net loss reported during the same period last year. The Company has an accumulated deficit of $8,275,095 as of May 31, 2007, and strained liquidity with $1,017,285 in total current assets available to pay $2,232,888 in total current liabilities.
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Intellectual Property:
The Company holds patents issued from the United States (5,505,668), Canada (2,129,188), Europe (including France, Great Britain, Germany, Italy and Sweden) (0770192). All intellectual property, were acquired on August 31, 2001 from Diversified Sciences Limited. The Company has also registered the domain name www.ikona.ca. [SEC Filing 10-KSB 12-20-06]
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Description:
The Company is focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications.
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Officers:
Laith I. Nosh (Pres., CEO, CFO & Dir.); Joe Vosburgh (EVP & Dir.); George Stefan (COO); Vladimir Scekic (VP); Nicola Simon (Dir.)
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Auditor:
Dohan and Company, CPA's
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Securities:
Common Stock-Symbol IKGI.OB; OTC BB;
28,957,792 common shares outstanding as of July 16, 2007.
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