Prospector
Profile
07.1487
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| NETtime Solutions, Inc. |
NAICS |
511210 |
| 8840 East Chaparral Rd, Suite 100
Scottsdale, AZ 85250 |
Description |
Software Publishers |
| (480) 296-0400 |
Employees |
21 |
| http://www.nettimesolutions.com/ |
Revenue |
(mil) |
5.3770 |
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Income |
(mil) |
0.1400 |
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Assets |
(mil) |
1.6020 |
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Liability |
(mil) |
3.4370 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Semple Marchal & Cooper LLP expressed substantial doubt about the ability of NETtime Solutions, Inc. to continue as a going concern after auditing its financial statements. Through June 30, 2007, the Company had sustained recurring losses from operations, and as of September 30, 2007, the Company estimates that its working capital and funds generated from operations are sufficient to fund the Company’s operations for the next three months.
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Intellectual Property:
The Company relies on a combination of trademarks, trade secret law and contracts to protect proprietary technology. It provides software products to end-users under non-exclusive shrink-wrap licenses or under signed licenses, both of which may be terminated if the end-user breaches the terms of the license. [SEC Filing 10-KSB 10-15-07]
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Description:
The Company develops and markets a line of time and labor management software and hardware products.
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Officers:
Todd P. Belfer (Chair); Bahan Sadegh (Pres., CEO & Dir.); Thomas J. Klitzke (VP & CFO); Lise M. Lambert (Dir.); Robert W. Zimmerman (Dir.); Timothy S. Jeffries (Dir.)
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Auditor:
Semple Marchal & Cooper LLP
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Securities:
Common Stock-Symbol NTMS.OB; OTC BB;
15,382,404 common shares outstanding as of September 30, 2007.
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