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Prospector
Profile
07.1524
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| Typhoon Enterprises, Inc. |
NAICS |
451220 |
| 711 S. Carson Street, Suite #4,
Carson City, NV 89701 |
Description |
Music Stores |
| (775) 881-3326 |
Employees |
0 |
| http://www.typhoontunes.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.1010 |
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Assets |
(mil) |
0.0980 |
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Liability |
(mil) |
0.0040 |
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(for the year ended 2007-05-31) |
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Category:
Audit Concerns
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Event:
James Stafford Chartered Accountants has expressed substantial doubt about Typhoon Enterprises, Inc.'s ability to continue as a going concern after auditing its financial statements. The Company's net loss for the year ended May 31, 2007, was $78,953 and it had a working capital deficit of $101,889 as of May 31, 2007.
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Intellectual Property:
In June 2007, the Company purchased U.S. patent application nos. 5,379,057 and 5,675,362, which relate to keyboardless touch screen devices for cash payments to the vendor by the Company over a three-year period. The Company has also agreed to pay the vendor a 10% royalty related to the patents. [SEC Filing 10-KSB/A 09-14-07]
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Description:
The Company pursues the concept of making the worldwide inventory of online music available to customers in a friendly and accessible fashion through retail mall kiosks and other point-of-purchase locations, including on the World Wide Web at typhoonmusic.net.
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Officers:
James Shepard (Pres., CEO, CFO, Sec., Treas. & Dir.)
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Auditor:
James Stafford Chartered Accountants
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Securities:
62,080,000 common shares outstanding as of August 22, 2007.
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