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Prospector
Profile
114-01
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| Videos Without Boundaries, Inc. |
NAICS |
512110 |
| 888 East Las Olas Blvd, Suite 710
Fort Lauderdale, FL 33301 |
Description |
Video Production |
| (954) 527-7780 |
Employees |
9 |
| http://www.mediareadyinc.com/ |
Revenue |
(mil) |
0.1840 |
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Income |
(mil) |
-6.6620 |
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Assets |
(mil) |
0.4050 |
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Liability |
(mil) |
7.4320 |
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(for the year ended 2005-12-31) |
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Category:
Audit Concerns
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Event:
Baum & Company PA raised doubts on the ability of Videos Without Borders, Inc. to continue as a going concern after auditing its amended annual report for the year ended December 31, 2005. The Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. The Company had a net loss of $6,662,375 for the year ended December 31, 2005, substantially higher than the net losses of $3,112,811 and $1,870,252, for the years ended December 31, 2004 and 2003, respectively. The Company's balance sheet at December 31, 2005, showed an accumulated deficit of $13,831,382, stockholders' deficit of $7,027,246 and working capital deficit of $7,060,316.
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Intellectual Property:
The Company has submitted applications for listing on the trademark registry the names MediaREADY™ and FlyBoy™. [SEC Filing 10-KSB/A 12-13-07]
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Description:
The Company is focused on home entertainment media products and solutions that enhance the consumer experience, while providing new revenue opportunities for online music and movie content providers.
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Officers:
V. Jeffrey Harrell (Chair, Pres., CEO & Sec.)
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Auditor:
Baum & Company PA
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Securities:
Common Stock-Symbol MRED.OB; OTC BB;
197,061,626 common shares outstanding as of October 31, 2007.
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