January 21, 2008
Prospector
Profile
118-03
 
Analytical Surveys, Inc. NAICS 213112
8610 North New Braunfels, Suite 205 San Antonio, TX 78217 Description Oil & Gas Exploration
(210) 657-1500 Employees 3
http://www.asienergy.com/ Revenue (mil) 0.5860
  Income (mil) -4.5340
  Assets (mil) 1.1760
  Liability (mil) 2.2740
  (for the year ended 2007-09-30)
 
Category: Audit Concerns
 
Event: Malone & Bailey PC expressed substantial doubt about the ability of Analytical Surveys, Inc. to continue as a going concern after it audited the company's financial statements for the year ended Sept. 30, 2007. The auditing firm reported that the company has suffered significant operating losses in 2007 and prior years and does not currently have external financing in place to fund working capital requirements. The company posted a net loss of $4,534,000 on total revenues of $586,000 for the year ended Sept. 30, 2007, as compared with a net loss of $335,000 on total revenues of $4,320,000 in the prior year. At Sept. 30, 2007, the company's balance sheet showed $1,176,000 in total assets and $2,274,000 in total liabilities, and $1,098,000 stockholders' deficit.
 
Intellectual Property: The Company entered into a Merger Agreement dated November 20, 2007 with Axion International, Inc., pursuant to which it will acquire Axion as a wholly-owned subsidiary. Axion is the exclusive licensee of advanced technology regarding plastic composition, which technology is the subject of U.S. patents and patent applications owned by Rutgers University and the State University of New Jersey. [SEC Filing 10-KSB 01-14-08]
 
Description: Analytical Surveys provides utility-industry data collection, creation, and management services for the geographic information systems markets.
 
Officers: Lori A. Jones (Pres. & CEO)
 
Auditor: Malone & Bailey PC
 
Securities: Common Stock-Symbol ANLT.OB; OTC BB; 3,789,256 common shares outstanding as of January 3, 2008.
 
 
 
return to main page