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Prospector
Profile
1115-08
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| flexSCAN, Inc. |
NAICS |
541512 |
| 27201 Puerta Real, Suite 350
Mission Viejo, CA 92691 |
Description |
Information Mgt. Services |
| (949) 609-1966 |
Employees |
10 |
| http://www.flexscan.com/ |
Revenue |
(mil) |
0.0570 |
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Income |
(mil) |
-6.0170 |
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Assets |
(mil) |
0.5970 |
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Liability |
(mil) |
1.7310 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Rotenberg & Co. LLP raised substantial doubt about the ability of flexSCAN, Inc. to continue as a going concern after auditing its financial statements. The Company has not generated significant revenues from operations and has no assurance of any future revenues. The Company incurred a net loss of $6,017,273 during the year ended June 30, 2007. Also, the Company has a cash balance of $181,879, a working capital deficit of $1,062,860 and a stockholders’ deficit of $1,133,652 at June 30, 2007.
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Intellectual Property:
flexSCAN has applied for a patent of the wellness360 economic model, which is currently pending approval. The Company has also submitted trademark applications for “It Pays to be Healthy” and “wellness360”. [SEC Filing 10-KSB 10-15-07]
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Description:
The Company is a healthcare information and services organization focusing on providing high-technology medical information management to the healthcare consumer.
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Officers:
Thomas Banks (Chair, CEO & Dir.); Kenneth Westbrook (Pres. & Dir.); Francis X. Pisano (CFO & Dir.); Michael Cranford (Chief Technology Officer); Maurice J. DeWald (Dir.); Jonathan Javitt (Dir.); Heidi Patterson (Dir.)
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Auditor:
Rotenberg & Co. LLP
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Securities:
Common Stock-Symbol FXSC.OB; OTC BB;
82,718,108 common shares outstanding as of September 25, 2007.
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