 |
Prospector
Profile
07.1673
|
| |
| VirnetX Holding Corp. |
NAICS |
518111 |
| 5615 Scotts Valley Drive, Suite 110
Scotts Valley, CA 95066 |
Description |
VOIP Service Providers |
| (831) 438-8200 |
Employees |
8 |
| http://www.virnetx.com |
Revenue |
(mil) |
0.0000 |
| |
Income |
(mil) |
-1.4010 |
| |
Assets |
(mil) |
0.1950 |
| |
Liability |
(mil) |
0.0870 |
| |
(for the year ended 2006-12-31) |
| |
|
Category:
Loss/Deficit
|
| |
|
Event:
VirnetX Holding Corp. had a net loss of $2,566,283 for the three months ended September 30, 2007, substantially higher than the $283,818 net loss incurred during the three months ended September 30, 2006. For the nine month period ended September 30, 2007, the Company had a $4,548,196 net loss, much higher than the $1,006,768 net loss incurred during the nine months ended September 30, 2006. As a result of its recurring losses, the Company has an accumulated deficit of $6,862,013 as of September 30, 2007.
|
| |
|
Intellectual Property:
VirnetX is actively developing solutions for secure real-time communications such as instant messaging and voice over internet protocol, in order to commercialize its patent portfolio in this area. VirnetX acquired certain patents in 2006 from cience Applications International Corporation (SAIC). These patents embrace a unique set of functions relating to domain name system based security mechanisms for real-time communication. VirnetX has granted SAIC an exclusive, royalty-free and perpetual license outside of VirnetXs field of use. VirnetX has, and retains, all right, title and interest to these patent rights within VirnetXs field of use, which consists of secure communications in areas of virtual private networks, VoIP, e-mail, video conferencing, communications logging, dynamic URLs, denial of service, prevention of functional intrusions, IP hopping, voice messaging and unified messaging, live voice and IP PBXs, voice web video conferencing and collaboration, IM, minimized impact of viruses and secure session initiation protocol. [SEC Filing SB-2 08-28-07]
|
| |
|
Description:
The Company focuses on developing products for real-time communications, such as instant messaging and voice over Internet protocol (VoIP) in the United States.
|
| |
|
Officers:
Kendall Larsen (Pres., CEO & Dir.); William E. Sliney (Interim CFO); Edmund C. Munger (Dir.); Scott C. Taylor (Dir.); Michael F. Angelo (Dir.); Thomas M. OBrien (Dir.)
|
| |
|
Auditor:
Burr Pilger & Mayer LLP
|
| |
|
Securities:
Common Stock-Symbol VNXH.OB; OTC BB;
31,217,198 common shares outstanding as of October 31, 2007.
|
| |
| |
| |
| return to main page |
|
|
