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Prospector
Profile
1220-02
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| Proton Laboratories, Inc. |
NAICS |
333319 |
| 1135 Atlantic Avenue, Suite 101
Alameda, CA 94501 |
Description |
Water Purifiers Mfg. |
| (510) 865-6412 |
Employees |
3 |
| http://www.protonlabs.com/ |
Revenue |
(mil) |
0.1430 |
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Income |
(mil) |
-1.7160 |
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Assets |
(mil) |
0.3640 |
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Liability |
(mil) |
0.6760 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Proton Laboratories, Inc. had a net loss of $825,957 for the three months ended September 30, 2007, much higher than the $737,485 net loss incurred during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a $2,527,617 net loss, subtantially higher than the $1,008,025 net loss incurred during the nine months ended September 30, 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $6,952,074 and stockholder's deficit of $996,983. It also has strained liquidity with $181,549 in total current assets available to pay $1,001,537 in total current liabilities.
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Intellectual Property:
In February 2005, MIZ, a Japanese company that owns four U.S. patents whose subject matter is the electrolysis of water, assigned a 50% ownership interest in the four patents to the Company’s CEO, Edward Alexander, in consideration of consulting services provided to MIZ Company. Mr. Alexander has agreed to allow the Company to exploit the four patents on a royalty-free basis. [SEC Filing SB-2 10-05-07]
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Description:
The Company engages in design, manufacture, marketing, and sale of functional water systems in the United States.
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Officers:
Edward Alexander (CEO, CFO, Sec. & Dir.); Gary Taylor (Pres. & Dir.); Don Gallego (Dir.); Steven Perry (Dir.); Gregory Darragh (Dir.); Jed Astin (Dir.)
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Auditor:
Hansen Barnett & Maxwell PC
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Securities:
Common Stock-Symbol PLBI.OB; OTC BB;
29,470,523 common shares outstanding as of November 8, 2007.
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