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Prospector
Profile
07.1051
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| Enable IPC Corporation |
NAICS |
335910 |
| 25520 Avenue Stanford, Suite 311
Valencia, CA 91355 |
Description |
Battery Mfg. |
| (661) 775-9273 |
Employees |
1 |
| http://www.enableipc.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.6460 |
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Assets |
(mil) |
0.5890 |
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Liability |
(mil) |
1.2580 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
LL Bradford & Company LLC notes that Enable IPC Corporation is in the development stage, has no operating revenue and incurred a net loss of approximately $1,198,573 for the period from inception through March 31, 2007. These conditions give rise to substantial doubt about the Company’s ability to continue as a going concern.
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Intellectual Property:
The Company has been assigned all rights, title and interest in and to a patent application (serial number 11/089781, filed on March 25, 2005) for a battery technology developed by Dr. Sung H. Choi. This patent application, entitled "Lithium Ion Rechargeable Battery Based on Nanostructures," was assigned by Dr. Choi in consideration for an aggregate of 2,000,000 shares of common stock plus an annual royalty of five percent of net sales of the products resulting from the technology. [SEC Filing 10-KSB 06-15-07]
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Description:
The Company engages in the development of rechargeable batteries for use in low power applications in the United States.
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Officers:
David A. Walker (CEO & Dir.); Mark A. Daugherty, Ph.D. (Chief Technical Officer & Dir.); Anna Rhee (CFO); Sung Choi, Ph.D. (Technical Advisor); Daniel Teran, CPA (Dir.); Jin Suk Kim (Dir.); Timothy Lambirth, Esq. (Dir.); Philip Verges (Dir.); Cathryn S. Gawne, Esq. (Dir.)
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Auditor:
LL Bradford & Company LLC
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Securities:
Common Stock-Symbol EIPC.OB; OTC BB;
17,528,650 common shares outstanding as of May 31, 2007.
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