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Prospector
Profile
3-4-004
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| Teknik Digital Arts, Inc. |
NAICS |
511210 |
| PO Box 2800-314,
Carefree, AZ 85377 |
Description |
Software Games |
| (480) 443-1488 |
Employees |
2 |
| http://www.teknikcorp.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-2.3100 |
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Assets |
(mil) |
0.3000 |
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Liability |
(mil) |
1.7300 |
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(for the year ended 2007-09-30) |
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Category:
Loss/Deficit
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Event:
Teknik Digital Arts, Inc., reported a net loss of $440,646 for the first quarter ended December 31, 2007, versus a net loss of $460,322 in the comparable period ended December 31, 2006. The Company's consolidated balance sheet at December 31, 2007 showed $346,942 in total assets, $2,069,757 in total liabilities, and $37,600 in minority interest in joint ventures, resulting in a $1,760,415 total stockholders' deficit. At December 31, 2007, the Company's consolidated balance sheet also showed strained liquidity with $177,632 in total current assets available to pay $2,069,757 in total current liabilities.
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Intellectual Property:
On August 1, 2006, the Company entered into a joint venture agreement with Powergrid Fitness, Inc. to exclusively develop, manufacture, and market physically interactive video game controllers, software, and leagues using the Powergrid Fitness patented isometric-based controller technology. The Company also licenses to develop and publish mobile video games for console and personal computer applications using the title, names, logos, trademarks, artwork, photographs and related marks and designs of several television shows, including Fear Factor and Next Action Star. [SEC Filing 10-KSB 12-31-07]
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Description:
Teknik Digital Arts, Inc., engages in the development and marketing of interactive gaming software to play on cell phones, personal computers, and game consoles.
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Officers:
John R. Ward (Chair & CEO); Benjamin Robins (Dir.); Kristine E. Ward (Sec. & Treas.)
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Auditor:
Semple Marchal & Cooper LLP
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Securities:
Common Stock Symbol TKNK.OB; OTC BB; 14,895,588 common shares outstanding as of February 7, 2008.
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