October 15, 2007
Prospector
Profile
07.1418
 
Motivnation, Inc. NAICS 336991
18101 Von Karman Avenue, Suite 330 Irvine, CA 92612 Description Motorcycle Mfg.
(888) 258-6458 Employees 29
http://www.motivnation.com/ Revenue (mil) 2.3290
  Income (mil) -3.6830
  Assets (mil) 1.1960
  Liability (mil) 5.1010
  (for the year ended 2006-12-31)
 
Category: Loss/Deficit
 
Event: MotivNation, Inc. had a $403,800 net loss on sales of $701,633 for the second quarter ended June 30, 2007, higher than the $361,212 net loss on sales of $536,695 incurred during the second quarter of last year. For the six months ended June 30, 2007, the Company had a $800,699 net loss, substantially lower than the $2,266,488 net loss reported during the same period a year ago. As of June 30, 2007, the Company has an accumulated deficit of $7,211,391 and stockholders' deficit of $4,699,577 in its balance sheet. The Company also has strained liquidity with $304,155 in total current assets available to pay $1,119,212 in total current liabilities.
 
Intellectual Property: The Company has obtained common law rights for the use of the names Damonís Motorcycle Creations, Moonlight Industries, MotivNation, and TrixMotive, in connection with its business. The Company intends to rely upon trade secrets, proprietary know-how and continuing technological innovation to become competitive in its market. [SEC Filing 10-KSB 04-17-07]
 
Description: The Company operates in the motorcycle and automotive industry in the United States.
 
Officers: George R. Lefevre (CEO); Jay Isco (Sec.)
 
Auditor: Spector & Wong LLP
 
Securities: Common Stock-Symbol MOVT.OB; OTC BB; 10,288,970 common shares outstanding as of July 31, 2007.
 
 
 
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