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Prospector
Profile
07.1418
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| 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 |
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Income |
(mil) |
-3.6830 |
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Assets |
(mil) |
1.1960 |
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Liability |
(mil) |
5.1010 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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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.
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Intellectual Property:
The Company has obtained common law rights for the use of the names Damon’s 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]
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Description:
The Company operates in the motorcycle and automotive industry in the United States.
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Officers:
George R. Lefevre (CEO); Jay Isco (Sec.)
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Auditor:
Spector & Wong LLP
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Securities:
Common Stock-Symbol MOVT.OB; OTC BB;
10,288,970 common shares outstanding as of July 31, 2007.
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