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Prospector
Profile
07.1408
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| Titan Energy Worldwide, Inc. |
NAICS |
335312 |
| 8880 Rio San Diego Drive, 8th Floor
San Diego, CA 92108 |
Description |
Generators Mfg. |
| (619) 209-6096 |
Employees |
0 |
| http://www.titanenergy.com/ |
Revenue |
(mil) |
0.0100 |
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Income |
(mil) |
-0.6910 |
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Assets |
(mil) |
5.2100 |
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Liability |
(mil) |
4.4160 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Titan Energy Worldwide, Inc. had a net loss of $514,970 on revenues of $2,803,848 for the three months ended June 30, 2007, much higher than the $99,110 net loss reported during the same quarter last year. For the six months ended June 30, 2007, the Company had a $1,409,242 net loss on $5,383,896 in revenues, higher than the $147,646 net loss incurred in the first half of 2006. As a result of its recurring losses, the Company's balance sheet as of June 30, 2007 showed an accumulated deficit of $5,697,424 and strained liquidity with $2,076,391 in total current assets available to pay $5,020,105 in total current liabilities.
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Intellectual Property:
The Company has developed the proprietary Sentry 5000 mobile utility unit which is now ready for market. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company is engaged in the distributed power generation business.
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Officers:
Jeffrey W. Flannery (CEO, CFO & Sec.); Thomas Black (Pres.)
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Auditor:
Gruber & Company LLC
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Securities:
Common Stock-Symbol TEWI.OB; OTC BB;
773,518 common shares outstanding as of August 10, 2007.
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