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Prospector
Profile
07.1052
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| Enxnet, Inc. |
NAICS |
334112 |
| 11333 E Pine Street
Tulsa, OK 74116 |
Description |
DVDs Mfg. |
| (918) 592-0015 |
Employees |
4 |
| http://www.enxnet.com/ |
Revenue |
(mil) |
0.0140 |
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Income |
(mil) |
-1.0020 |
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Assets |
(mil) |
0.1780 |
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Liability |
(mil) |
1.1840 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Pattillo Brown & Hill LLP raised doubts on the ability of Enxnet, Inc. to continue as a going concern after auditing its financial statements. The Company has incurred operating losses each year since its inception and has a working capital deficit at March 31, 2007 and 2006 of $1,148,824 and $990,295, respectively.
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Intellectual Property:
The Company has filed for a patent covering its ThinDisc technology, Disc Security Tag (DSTag), EnXCase, and "acousto-magnetic" Electronic Article Surveillance (EAS) tags. Iterated Systems, Inc., the developer and licensor of ClearVideo software has 24 U.S. Patents and 14 various international patents covering the methods, apparatus and processes used in compressing digital data, fractal encoding of data streams, fractal transformation of data, fractal compression of data, protecting the technology. The Company has also filed for a patent covering rights for its design for Electronic Radio Frequency Identification Device Activated by Radiant Means (ARFIDTag), Hybrid Acousto-Magnetic Radio Frequency Transceiver Device (HYTag), Electronic Transmission Device for Activation of Electronic Article SurveillanceSystems and Electronic Deactivation Device for RFID Surveillance and Storage for Electronic Article Surveillance (EAS) tags. The Company has filed for a patent covering its design for a hybrid Electronic Article Surveillance (EAS) device (HyTag). [SEC Filing 10-KSB 06-26-07]
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Description:
The Company engages in development, marketing, and licensing of technologies, and business strategies and practices focusing primarily on products, solutions, and services for multimedia management.
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Officers:
Ryan Corley (Chair, Pres. & CEO); Stephen Hoelscher (CFO & Treas.); Linda Howard (Sec.); Richard Martell (Dir.)
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Auditor:
Pattillo Brown & Hill LLP
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Securities:
Common Stock-Symbol EXNT.OB; OTC BB;
30,022,216 common shares outstanding as of June 8, 2007.
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