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Prospector
Profile
110-05
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| Material Technologies, Inc. |
NAICS |
334519 |
| 11661 San Vicente Boulevard, Suite 707
Los Angeles, CA 90049 |
Description |
Detectors Mfg. |
| (310) 208-5589 |
Employees |
3 |
| http://www.matechcorp.com/ |
Revenue |
(mil) |
0.1560 |
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Income |
(mil) |
-11.5750 |
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Assets |
(mil) |
0.4320 |
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Liability |
(mil) |
4.4140 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Material Technologies, Inc. had a net loss of $31,203,869 for the third quarter ended September 30, 2007, a huge increase over the $3,135,954 net loss reported during the third quarter of 2006. For the nine months ended September 30, 2007, the Company incurred an $84,336,192 net loss, compared to a net loss of $3,331,240 during the same period in 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $324,148,013 and stockholders' deficit of $31,244,128.
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Intellectual Property:
The Company owns four patents for its Devise for Monitoring Fatigue Life; Method of Making a Device for Monitoring Fatigue Life; Metal Fatigue Detector; Device for Monitoring the Fatigue Life of a Structural Member and a Method of Making Same; Device for Monitoring the Fatigue Life of a Structural Member and a Method of Making Same; Methods and Devices for Electro Chemically Determining Metal Fatigue Status. It also has two provisional patent applications for Apparatus for and Method for Interrogating a Fatigue Fuse and for an Indicator for Fatigue Fuse. [SEC Filing 10-KSB 04-03-07]
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Description:
Material Technologies engages in research and development of metal fatigue detection, measurement, and monitoring technologies in the United States.
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Officers:
Robert M. Bernstein (Chair, Pres., CEO & CFO); Joel R. Freedman (Sec. & Dir.); Dr. William Berks (VP & Dir.)
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Auditor:
KMJ Corbin & Company LLP
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Securities:
Common Stock-Symbol MTTG.OB; OTC BB;
133,393,960 common shares outstanding as of November 16, 2007.
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