Prospector
Profile
08.0020
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| Southridge Enterprises Inc. |
NAICS |
325193 |
| 3625N. Hall, Suite 900
Dallas, TX 75219 |
Description |
Ethanol Mfg. |
| (888) 862-2192 |
Employees |
0 |
| http://www.southridgeethanol.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-1.0390 |
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Assets |
(mil) |
0.3750 |
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Liability |
(mil) |
1.2320 |
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(for the year ended 2007-08-31) |
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Category:
Audit Concerns
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Event:
Robison, Hill & Co., raised substantial doubt on the ability of Southridge Enterprises, Inc. to continue as a going concern after auditing its financial statement for the year ended Aug. 31, 2007. The auditor points out that the Company has suffered recurring losses from operations and has a net capital deficiency. At Aug. 31, 2007, the Company's balance sheet showed an accumulated deficit of $1,149,129 and stockholders' deficit of $856,916.
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Intellectual Property:
The Company owns the trademark SR85. [SEC Filing 10KSB 12-17-2007]
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Description:
The Company operates as a renewable energy company. It primarily focuses on the production and marketing of ethanol and other renewable fuels in the eastern United States.
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Officers:
Alex Smid (Dir.); Daniel Jackson (Dir.)
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Auditor:
Robison Hill & Co
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Securities:
Common Stock-Symbol SORD.OB; OTC BB; 60,505,000 common shares outstanding as of Dec. 12, 2007.
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