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Prospector
Profile
07.1193
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| Broadcast International, Inc. |
NAICS |
561499 |
| 7050 Union Park Avenue, Suite 600
Salt Lake City, UT 84047 |
Description |
Video Streaming |
| (801) 562-2252 |
Employees |
35 |
| http://www.brin.com/ |
Revenue |
(mil) |
13.8940 |
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Income |
(mil) |
-15.5970 |
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Assets |
(mil) |
5.1900 |
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Liability |
(mil) |
8.8760 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Broadcast International, Inc.'s consolidated balance sheet at June 30, 2007, showed $3.5 million in total assets and $7.2 million in total liabilities, resulting in a $3.7 million total stockholders' deficit. The Company's consolidated balance sheet at June 30, 2007, also showed strained liquidity with $2.8 million in total current assets available to pay $6.3 million in total current liabilities. The Company reported a net loss of $1.2 million for the second quarter ended June 30, 2007, compared with a net loss of $483,699 for the same period last year.
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Intellectual Property:
The Company's patent and intellectual property strategy is of critical importance because much of its future success and value depends on the CodecSys technology. Two provisional patents describing the technology were filed on September 30, 2001. As of January 31, 2007, the Company had 4 issued foreign patents and 20 pending patent applications, of which 5 were U.S. applications and 15 were foreign counterpart applications. The Company has identified additional applications of the technology, which represent potential patents that further define the product specific applications of the processes that are covered by the original patents. The Company has registered the “CodecSys” trademark with the U.S. Patent and Trademark Office, and seeks to protect know-how, trade secrets and other intellectual property through a variety of means, including confidentiality agreements with employees and customers. [SEC Filing 10-K 04-03-07]
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Description:
The Company engages in the installation, management, and support of private communication networks.
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Officers:
William Davidson, Ph.D. (Chair); Rodney M. Tiede (Pres., CEO & Dir.); Reed L. Benson (CFO, Sec. & Gen. Counsel); James E. Solomon (Dir.); Kirby D. Cochran (Dir.)
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Auditor:
HJ & Associates LLC
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Securities:
Common Stock-Symbol BCST.OB; OTC BB;
27,345,274 common shares outstanding as of March 15, 2007.
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