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Prospector
Profile
1017-04
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| Kronos Advanced Technologies, Inc. |
NAICS |
335211 |
| 464 Common St., Ste. 301
Belmont, MA 02478 |
Description |
Air Purification Equipment Mfg. |
| (617) 993-9965 |
Employees |
15 |
| http://www.kronosati.com/ |
Revenue |
(mil) |
0.1600 |
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Income |
(mil) |
-2.3510 |
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Assets |
(mil) |
2.1100 |
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Liability |
(mil) |
1.8230 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Sherb & Company LLP states that that Kronos Advanced Technologies, Inc.'s recurring losses from operations and working capital deficiency raise doubt about its ability to continue as a going concern. At June 30 2007 and June 30, 2006, the Company had a working capital deficit of $1,208,000 and $2,559,000, respectively.
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Intellectual Property:
Kronos currently has 13 registered patents with the United States Patent and Trademark Office and 3 international patents registered with the Canadian Intellectual Property Office, the Commonwealth of Australia Patent Office and the Mexican Institute of Industrial Property. These patents are considered utility patents which describe fundamental innovations in the generation, management and control of electrostatic fluids, including air movement, filtration and purification. Each of the patents contains multiple part claims for both general principles as well as specific designs for incorporating the Kronos technology into air movement, filtration and purification products. The patents provide protection for both specific product implementations of the Kronos technology, as well as more general processes for applying the unique attributes and performance characteristics of the technology. [SEC Filing 10-KSB 09-28-07]
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Description:
The Company develops products using its air-movement and air-purification technology for residential and commercial applications, as well as for filtration system applications in operating rooms, manufacturing clean rooms, and other clinical and health care, military, transportation, and industrial markets.
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Officers:
Daniel R. Dwight (Pres., CEO & Dir.); Richard F. Tusing (COO & Dir.); James P. McDermott (Dir.); M. J. Segal (Dir.)
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Auditor:
Sherb & Company LLP
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Securities:
Common Stock-Symbol KNOS.OB; OTC BB;
242,342,803 common shares outstanding as of May 18, 2007.
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