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Prospector
Profile
1019-01
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| Chapeau, Inc. |
NAICS |
221119 |
| 1190 Suncast Lane, Suite 2
El Dorado Hills, CA 95762 |
Description |
Power Generation |
| (916) 939-8700 |
Employees |
38 |
| http://www.bluepointenergy.com/ |
Revenue |
(mil) |
1.3430 |
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Income |
(mil) |
-17.6490 |
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Assets |
(mil) |
3.8910 |
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Liability |
(mil) |
7.8270 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Hansen Barnett & Maxwell PC raised substantial doubt about the ability of Chapeau, Inc. to continue as a going concern after auditing its financial statements. The auditor notes that the Company incurred losses from operations and had negative cash flows from operating activities. As of June 30, 2007, the Company had a working capital deficiency of $2,665,307 and a stockholders’ deficit of $3,936,084. The Company has accumulated a deficit of $34,941,858 from the date of inception through June 30, 2007.
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Intellectual Property:
The Company's patent portfolio consists of four issued U.S. patents which cover significant proprietary technology and other key aspects of its cogeneration systems. In connection with these issued patents, the Company has also applied for corresponding patent rights in certain international jurisdictions. In addition to its patent portfolio, the Company also relies upon trade secrets, know-how and continuing technological innovation to develop and maintain a competitive position. In that connection, the Company has registered marks for “LEAN ONE,” “BPE,” “ULTRA-LEAN-ULTRA CLEAN,” “SC-EGR,” and “COGENERATION FOR THE NEXT GENERATION” in the United States. “LEAN ONE” and “BPE are registered in the European Economic Community. The trademark applications for “ICHM,” “ENVIROGEN,” “ECOGEN,” “GENVIEW” and “D-RAAP” are pending in the U.S. Trademark and Patent Office. [SEC Filing 10-KSB 09-28-07]
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Description:
The Company develops electrical power generation systems for individual businesses and organizations in the United States.
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Officers:
Steve Brandon (Pres.); Guy A. Archbold (CEO & Dir.); Steven C. Lagorio (CFO & Sec.); Neil C. Bokamper (COO); Robert W. Medearis (Dir.); Gordon V. Smith (Dir.)
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Auditor:
Hansen Barnett & Maxwell PC
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Securities:
Common Stock-Symbol CPEU.OB; OTC BB;
56,626,383 common shares outstanding as of September 21, 2007.
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