October 1, 2007
American Security Resources Corp. NAICS 335999
9601 Katy Freeway, Suite 220 Houston, TX 77024 Description Fuel Cells Mfg.
(713) 465-1001 Employees 2
http://www.americansecurityresources.com/ Revenue (mil) 0.0000
  Income (mil) -8.3680
  Assets (mil) 0.1460
  Liability (mil) 0.4190
  (for the year ended 2006-12-31)
Category: Loss/Deficit
Event: American Security Resources Corp. incurred a $817,241 net loss for the second quarter ended June 30, 2007, much lower than the $1,248,191 net loss reported during the second quarter of last year. For the six months ended June 30, 2007, the Company had a $2,094,908 net loss, lower than the $4,050,846 net loss booked in the first half of 2006. As a result of its recurring losses, the Company's balance sheet at June 30, 2007 reflected an accumulated deficit of $32,108,284, stockholder's deficit of $230,287 and working capital deficit of $340,503.
Intellectual Property: Through its Hydra Fuel Cell, Inc. subsidiary, the Company continued the development and testing of the HydraStax® hydrogen electric generators. Seven patent applications were filed covering some of the innovations incorporated in the HydraStax® and the Company intends to file additional patent applications in 2007. [SEC Filing 10-KSB 04-04-07]
Description: The Company engages in the development of advanced hydrogen fuel cells in the United States.
Officers: Frank Neukomm (Chair, Sec. & CEO); Robert C. Farr (Pres., COO & Dir.); Randall Newton (CFO); Robert J. Wilson (Dir.); Alvie T. Merril (Dir.); James R. Twedt (Dir.)
Auditor: Malone & Bailey PC
Securities: Common Stock-Symbol ARSC.OB; OTC BB; 153,509,121 common shares outstanding as of August 20, 2007.
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