 |
Prospector
Profile
07.1098
|
| |
| NoFire Technologies, Inc. |
NAICS |
325998 |
| 21 Industrial Avenue
Upper Saddle River, NJ 07458 |
Description |
Fire Retardant Products Mfg. |
| (201) 818-1616 |
Employees |
6 |
| http://www.nofiretechnologies.com/ |
Revenue |
(mil) |
0.3630 |
| |
Income |
(mil) |
-1.7530 |
| |
Assets |
(mil) |
0.1270 |
| |
Liability |
(mil) |
4.7850 |
| |
(for the year ended 2006-08-31) |
| |
|
Category:
Loss/Deficit
|
| |
|
Event:
NoFire Technologies, Inc. reported a net loss of $1,788,180 on revenues of $72,080 for the quarter ended March 31, 2007, compared to a net loss of $730,668 on revenues of $60,026 during the same period last year. The Company reported an accumulated deficit of $22,610,053 and stockholder's deficit of $5,009,801 in its March 31, 2007 balance sheet. It also has strained liquidity with $212,783 in total current assets and $5,259,648 in total current liabilities.
|
| |
|
Intellectual Property:
The Company's liquid formulas are covered by three United States Patents and corresponding patents and patent applications in over 30 foreign countries. The Patents include Patent Nos. 4,879,320 - Intumescent Fire-Retardant Coating Material; 4,965,296 - Intumescent Fire-Retardant and Electrically-Conductive Coating Material; and 5,723,515 Intumescent Fire-Retardant Composition for High Temperature and Long Duration Protection. The Company also has obtained four U.S. Patents on certain applications. The Company has also submitted two additional patent applications to the U.S. Patent Office. [SEC Filing 10-KSB 12-14-06]
|
| |
|
Description:
The Company engages in the development, manufacture, and marketing of fire retardant products and related consulting services.
|
| |
|
Officers:
Sam Oolie (Chair, COO, CFO & Treas.); Samuel Gottfried (CEO, CTO, Assistant Treasurer & Dir.); Alphonso Margino (Sec.); Bernard J. Koster (Dir.); Gerald H. Litwin (Dir.)
|
| |
|
Auditor:
Sherb & Company LLP
|
| |
|
Securities:
Common Stock-Symbol NFTI.OB; OTC BB;
38,263,079 common shares outstanding as of July 5, 2007.
|
| |
| |
| |
| return to main page |
|
|
