Prospector
Profile
07.1064
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| Northcore Technologies, Inc. |
NAICS |
511210 |
| 302 The East Mall, Suite 300
Toronto, Ontario, Canada M9B 6C7 |
Description |
Software Publishers |
| (416) 640-0400 |
Employees |
0 |
| http://www.northcore.com/ |
Revenue |
(mil) |
1.0730 |
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Income |
(mil) |
-0.6480 |
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Assets |
(mil) |
0.8130 |
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Liability |
(mil) |
3.0680 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
KPMG LLP raised doubts on the ability of Northcore Technologies, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered recurring losses from operations and has a net capital deficiency.
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Intellectual Property:
The Company received patents from the U.S. Patent and Trademark Office covering the process to conduct Dutch auctions over electronic distribution channels. It has patent applications pending in Canada covering the technology. The Company's proprietary software is subject to common law copyright protection, but does not have any registered copyrights. The source code for its proprietary software is protected as a trade secret. The Company's major trademarks or tradenames include: Northcore™, DYN@MIC SELLER™, DYN@MIC BUYER™ and POWERED BY Northcore™. The Company entered into a Patent License Agreement with NCR Corporation on April 29, 2002, which provides access to specific technology patents over a seven-year period. [SEC Filing 20-F 06-25-07]
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Description:
The Company develops and sells software products and services that allow customers to source, buy, track, manage and sell assets, primarily in asset-intensive industries.
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Officers:
T. Christopher Bulger (Chair); Jim Moskos (Pres. & Dir.); Jeffrey Lymburner (CEO & Dir.); Darroch Robertson (Dir.); Duncan G. Copeland (Dir.); David Gelineau (Dir.)
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Auditor:
KPMG LLP
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Securities:
Common Stock-Symbol NTI.TO; TSX;
83,742,508 common shares outstanding as of December 31, 2006.
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