 |
Prospector
Profile
07.1591
|
| |
| Ecosphere Technologies, Inc. |
NAICS |
333319 |
| 3515 South East Lionel Terrace
Stuart, FL 34997 |
Description |
Water Purification Equipment |
| (772) 287-4846 |
Employees |
17 |
| http://www.ecospheretech.com/ |
Revenue |
(mil) |
2.4140 |
| |
Income |
(mil) |
-6.1580 |
| |
Assets |
(mil) |
3.8150 |
| |
Liability |
(mil) |
8.5200 |
| |
(for the year ended 2006-12-31) |
| |
|
Category:
Loss/Deficit
|
| |
|
Event:
Ecosphere Technologies, Inc. reported a net loss of $2.1 million on revenues of $6,789 for the third quarter ended Sept. 30, 2007, compared with a net loss of $929,372 on revenues of $1.4 million in the third quarter of 2006. The Company's consolidated balance sheet at Sept. 30, 2007, showed $3.4 million in total assets, $10.6 million in total liabilities, and $3.8 million in redeemable convertible preferred stock, resulting in an $11.0 million total shareholders' deficit. The company's consolidated balance sheet also showed strained liquidity with $363,274 in total current assets available to pay $6.8 million in total current liabilities.
|
| |
|
Intellectual Property:
The Company's intellectual property includes a portfolio of registered and pending patents, trademarks, copyrights and trade secrets. The material intellectual property was invented or co-invented by its founder and CEO, Dennis McGuire, and assigned to the Company. Ecosphere holds an extensive patent portfolio of clean air and water technologies. The Company's magnetic array technology, used to attach a robot to the surface of ships, was developed by Dennis McGuire. In conjunction with the National Robotics Engineering Consortium associated with Carnegie Mellon University, the Company developed an improvement to the magnetic array. Carnegie Mellon obtained one United States patent and has applied for a second United States patent on the improvement to the magnetic array using the Company's robotic coating removal technology. In 2006, the Company received an exclusive royalty free, world-wide license to the existing patent and the technology covered by the patent application which provides Ecosphere with exclusive rights to the coatings removal marketplace and its field of use. [SEC Filing 10-KSB 04-02-07]
|
| |
|
Description:
The Company, through its subsidiaries, develops and commercializes water and renewable energy technologies in the United States.
|
| |
|
Officers:
George R. Sterner (Chair); Dennis McGuire (Pres. & CEO); James C. Rushing III (CFO & Dir.); Jacqueline K. McGuire (SVP & Sec.); Michael R. Donn, Sr. (EVP, COO & Dir.); Stephen R. Johnson (Dir.); Joe M. Allbaugh (Dir.); Barry Hechtman (Dir.); J. Francis Lavelle (Dir.); Charles Vinick (Dir.)
|
| |
|
Auditor:
Tedder James Worden & Associates PA
|
| |
|
Securities:
Common Stock-Symbol ESPH.OB; OTC BB;
64,242,639 common shares outstanding as of November 13, 2007.
|
| |
| |
| |
| return to main page |
|
|
