 |
Prospector
Profile
1116-08
|
| |
| SmartMetric, Inc. |
NAICS |
334119 |
| 9553 Harding Avenue, Suite 303
Surfside, FL 33154 |
Description |
Biometric Systems Mfg. |
| (786) 623-5690 |
Employees |
3 |
| http://www.smartmetric.com/ |
Revenue |
(mil) |
0.0000 |
| |
Income |
(mil) |
-1.0500 |
| |
Assets |
(mil) |
0.0860 |
| |
Liability |
(mil) |
0.2410 |
| |
(for the year ended 2007-06-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Michael T. Studer CPA PC states that SmartMetric, Inc.'s present financial situation raises substantial doubt about its ability to continue as a going concern. The Company had net losses of $1,050,189 for the year ended June 30, 2007 and $1,225,045 for the year ended June 30, 2006. The Company's balance sheet at June 30, 2007, showed an accumulated deficit of $2,569,627, stockholder's deficit of $488,856 and working capital deficit of $269,488.
|
| |
|
Intellectual Property:
On August 1, 2004, SmartMetric entered into a license agreement with Applied Cryptography, Inc., which is owner of certain technology for which a patent was issued from the United States. Pursuant to the license agreement, SmartMetric has the right to make use of this technology for the purpose of developing software and systems to be used by SmartMetric to provide certain applications. [SEC Filing 10-KSB 10-16-07]
|
| |
|
Description:
The Company engages in the research and development of biometric security solutions that authenticate the identity of a person in a self-contained credit card-sized device.
|
| |
|
Officers:
Colin Hendrick (Chair, Pres., CEO & CFO); Peter Sleep (VP); Joseph Katzman (Dir.); Elizabeth Ryba (Dir.)
|
| |
|
Auditor:
Michael T. Studer CPA PC
|
| |
|
Securities:
Common Stock-Symbol SMME.PK; Other OTC;
61,117,598 common shares outstanding as of October 15, 2007.
|
| |
| |
| |
| return to main page |
|
|
