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Prospector
Profile
1220-03
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| Nuclear Solutions, Inc. |
NAICS |
562910 |
| 5505 Connecticut Ave NW, Suite 191
Washington, DC 20015 |
Description |
Remediation Services |
| (202) 787-1951 |
Employees |
0 |
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Revenue |
(mil) |
0.2230 |
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Income |
(mil) |
-3.8850 |
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Assets |
(mil) |
0.0640 |
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Liability |
(mil) |
5.1550 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Nuclear Solutions, Inc. had a net loss of $1,134,260 for the three months ended September 30, 2007, nearly double the $569,929 net loss incurred during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a $3,325,043 net loss, much higher than the $2,638,754 net loss incurred during the same period last year. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $18,743,114 and stockholders' deficit of $4,476,023. It also has strained liquidity with $116,855 in total current assets available to pay $4,480,677 in total current liabilities.
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Intellectual Property:
During 2004, the company filed two U.S. patent applications for its Tritiated Water Remediation (TWR) technology that are currently pending. The Company has also filed three U.S. patent applications for its Nuclear Weapons Detection Technology. The company expects to file additional patent applications in 2007 for its TWR technology, Nuclear Weapons Detection Technology, and Nuclear Micro Battery Technology. On March 15, 2005, the Company entered into a License Agreement with IP Technology Holding, Inc., pursuant to which it granted IP Technology a limited license for the right to the purchase and resell products based on its patent pending technology for the detection of shielded fissile nuclear materials to all non-federal police and fire agencies in the United States for the patent life of the technology. The Company's portfolio of intellectual property includes trade secrets and know-how in the areas of nuclear weapon detection via gravitational anomaly, detritiation of nuclear wastewater; and license option agreement for nuclear micro battery technology covered by U.S. Patents Nos. 5,087,533; 6,118,204; 6,238,812. [SEC Filing 10-KSB 03-30-07]
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Description:
The Company develops advanced product technologies to address emerging market opportunities in the fields of homeland security, nanotechnology, and nuclear remediation.
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Officers:
Patrick Herda (Chair, Pres. & CEO); Kenneth Faith (CFO & Dir.); Jack Young (VP); John Powers (Dir.)
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Auditor:
Russell Bedford Stefanou Mirchandani LLP
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Securities:
Common Stock-Symbol NSOL.OB; OTC BB;
68,603,365 common shares outstanding as of November 7, 2007.
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