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Prospector
Profile
121-03
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| Ikona Gear International, Inc. |
NAICS |
333612 |
| 1650 Brigantine Drive
Coquitlam, British Columbia, Canada, V3K 7B5 |
Description |
Auto Parts Mfg. |
| (604) 523-5500 |
Employees |
17 |
| http://www.ikona.ca/ |
Revenue |
(mil) |
1.0410 |
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Income |
(mil) |
-4.1270 |
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Assets |
(mil) |
2.4180 |
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Liability |
(mil) |
2.5380 |
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(for the year ended 2007-08-31) |
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Category:
Loss/Deficit
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Event:
Ikona Gear International, Inc. reported a net loss of $704,127 on total revenue of $703,060 for the first quarter ended Nov. 30, 2007, compared with a net loss of $706,111 on total revenue of $111,377 for the same period ended Nov. 30, 2006. The Company's consolidated balance sheet at Nov. 30, 2007, showed $1.79 million in total assets and $1.84 million in total liabilities, resulting in a $51,380 total stockholders' deficit. At Nov. 30, 2007, the company's consolidated balance sheet also
showed strained liquidity with $1.49 million in total current assets available to pay $1.83 million in total current liabilities.
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Intellectual Property:
The Company's technology includes a number of proprietary and patented technologies. It holds patents issued from the United States (5,505,668), Canada (2,129,188), Europe (including France, Great Britain, Germany, Italy and Sweden) (0770192). The Company also intends to rely on a combination of trade secrets, license agreements, non-disclosure and other contractual provisions, and technical measures to establish and protect the proprietary aspects of the Ikona Gearing System. It has also registered the domain name www.ikona.ca. [SEC Filing 10-KSB 12-11-07]
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Description:
Ikona Gear is focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications.
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Officers:
Laith I. Nosh (Pres., CEO, CFO & Dir.); Joe Vosburgh (EVP & Dir.); George Stefan (COO); Sasa Tesic (Chief Engineer); Brendan Burns (Dir.)
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Auditor:
Dohan and Company CPA's
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Securities:
Common Stock-Symbol IKGI.OB; OTC BB;
34,057,791 common shares outstanding as of November 30, 2007.
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