August 27, 2007
Prospector
Profile
07.1225
 
Novint Technologies, Inc. NAICS 334100
4109 Bryan Avenue NW Albuquerque, NM 87114 Description Computer Equipment Mfg.
(866) 298-4420 Employees 12
http://www.novint.com/ Revenue (mil) 0.0870
  Income (mil) -4.3090
  Assets (mil) 1.3750
  Liability (mil) 1.2050
  (for the year ended 2006-12-31)
 
Category: Loss/Deficit
 
Event: In its amended annual report filed with the SEC, Novint Technologies, Inc. reported a net loss of $4,309,701 on revenues of $90,109 for the year ended December 31, 2006, compared to a net loss of $3,386,405 on revenues of $362,097 during the previous fiscal year. As of December 31, 2006, the Company's balance sheet showed $12,648,907 in accumulated deficit and strained liquidity with $686,960 in total current assets available to pay $1,205,623 in total current liabilities.
 
Intellectual Property: Novint owns 12 pending patent applications that cover its technology. It also owns copyrights in application software and application development tools, including e-Touch, Novint sono software, Mandrin Pinball computer game, IncrediBubble computer game and Super Slam Ball computer game. The Company has licenses to application software, including “Glider” computer game and “Inago Rage” computer game. The Company also owns the trademarks NOVINT, Novint logo, E-TOUCH, e-Touch logo, NOVINT FALCON, FEELIN IT, NEWTON THE MONKEY and NEWTON’S MONKEY BUSINESS. The Company owns 145 domain names related to its branding strategy. [SEC Filing 10-KSB/A 08-08-07]
 
Description: The Company develops, markets, and licenses technology that adds high-fidelity interactive 3D touch to computing.
 
Officers: Tom Anderson (Chair, Pres., CEO & CFO); Walter Aviles (CTO); Marvin Maslow (Dir.); V. Gerald Grafe (Dir.)
 
Auditor: AJ Robbins PC
 
Securities: Common Stock-Symbol NVNT.OB; OTC BB; 31,636,455 common shares outstanding as of August 14, 2007.
 
 
 
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