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Prospector
Profile
08.0011
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| Jade Art Group, Inc. |
NAICS |
337212 |
| 99 3rd Avenue, Suite 3800
Seattle, WA 98104 |
Description |
Architectural Woodwork Mfg. |
| (206) 224-3725 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0430 |
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Assets |
(mil) |
0.5090 |
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Liability |
(mil) |
3.2310 |
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(for the year ended 2007-07-31) |
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Category:
Loss/Deficit
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Event:
Jade Art Group Inc.'s consolidated balance sheet at Oct. 31, 2007, showed $5.87 million in total assets and $15.64 million in total liabilities, resulting in a $9.77 million total stockholders' deficit. At Oct. 31, 2007, the company's consolidated balance sheet also
showed strained liquidity with $5.65 million in total current assets available to pay $15.64 million in total current liabilities. The company reported net income of $1.55 million on sales of $7.16 million for the first quarter ended Oct. 31, 2007, compared with net income of $2.25 million on sales of $6.27 million in the same period last year.
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Intellectual Property:
The Company intends to protect its innovations with patents and other applicable intellectual property protection, and to vigorously defend these patents, trademarks and know-how against infringement and unauthorized use. [SEC Filing 10-KSB 11-13-07]
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Description:
Jade Art Group, formerly Vella Productions, Inc., engages in wood carving business in China.
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Officers:
Hui Ping Cheng (Pres., CEO, CFO & Dir.)
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Auditor:
Moore & Associates Chartered
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Securities:
Common Stock-Symbol JADG.OB; OTC BB;
74,980,000 common shares outstanding as of December 6, 2007.
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