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Prospector
Profile
07.1666
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| Hybrid Technologies, Inc. |
NAICS |
336111 |
| 5841 East Charleston, Suite 230-145
Las Vegas, NV 89142 |
Description |
Electric Cars Mfg. |
| (818) 780-2403 |
Employees |
25 |
| http://www.hybridtechnologies.com/ |
Revenue |
(mil) |
1.3780 |
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Income |
(mil) |
-10.6190 |
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Assets |
(mil) |
2.7290 |
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Liability |
(mil) |
1.5370 |
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(for the year ended 2007-07-31) |
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Category:
Audit Concerns
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Event:
During the period since inception on April 12, 2000 to July 31, 2007, Hybrid Technologies, Inc. has incurred operating losses aggregating $44,527,591. At July 31, 2007, it had a working capital surplus of $577,244 and a stockholders' deficit of $1,984,776. Accordingly, Haynie & Company has expressed substantial doubt concerning the Company's ability to continue as a going concern after auditing its financial statements. As of July 31, 2007, the Company had cash on hand of only $3,775 while its liabilities totaled $1,537,496. The audit notes that the Company does not have sufficient cash on hand or financing in place to complete commercialization of its planned products.
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Intellectual Property:
The Company has filed provisional patent applications with the U.S. Patent and Trademark Office for three of its inventions relating to a battery management system, cathode material and an ultracapacitor. It has also filed a trademark application for "Hybrid Technologies." [SEC Filing 10-KSB/A 11-15-07]
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Description:
The Company is engaged in the development and marketing of electric powered vehicles and products. Its majority-owned subsidiary Zingo, Inc., provides telecommunications
services through a VoIP system that utilizes the Internet.
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Officers:
Holly A. Roseberry (Pres., CEO & Dir.); Mehboob Charania (Dir.); Brian Newman (Dir.); Greg Navone (Dir.)
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Auditor:
Haynie & Company
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Securities:
Common Stock-Symbol HYBT.OB; OTC BB;
39,500,511 common shares outstanding as of October 24, 2007.
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