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Prospector
Profile
07.1232
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| Sulphco, Inc. |
NAICS |
541710 |
| 850 Spice Islands Drive
Sparks, NV 89431 |
Description |
Energy Research & Dev't. |
| (775) 829-1310 |
Employees |
22 |
| http://www.sulphco.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-39.1160 |
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Assets |
(mil) |
7.2940 |
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Liability |
(mil) |
10.2170 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Sulphco, Inc. reported a net loss of $8,882,997 for the second quarter ended June 30, 2007, much lower than the net loss of $18,455,208 reported during the same period last year. For the six months ended June 30, 2007, the Company reported a net loss of $23,395,623, compared to a net loss of $27,734,870 during the first half of 2006. As a result of its recurring losses, the Company has an accumulated deficit of $81,070,205 in its June 30, 2007 balance sheet.
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Intellectual Property:
The Company owns 5 United States patents, 4 of which relate to the basic Sonocracking technology. The Company believes that United States Patent Nos. 6,402,939, 6,500,219, 6,827,844, and 6,897,628 provide substantial protection for the basic Sonocracking technology covering the novel use of ultrasound to desulfurize crude oil. In addition to these 4 issued U.S. patents which cover the basic desulfurization process, the Company has 1 additional U.S. patent (Patent No. 6,652,992), which covers a silver coating process on ultrasonic horns. The Company has 9 other patent applications pending which address specific aspects of its upgrading process. It also has 102 foreign patent applications pending which relate to its U.S. patents. The Company has applied to register the trademarks Sonocracking™, Sonocracker™ and Sonocracked Crude™ with reference to its upgrading and desulfurization technology. The trademark SulphCo™ was registered in the U.S. on May 30, 2006. The Company also relies on copyright protection for the software utilized in its Sonocracking units. [SEC Filing 10-K 04-02-07]
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Description:
The Company engages in the development and commercialization of technology for the upgrading of crude oil.
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Officers:
Dr. Larry Ryan (CEO & Dir.); Brian Savino (Pres.); Michael A. Abend (Interim CFO); Richard L. Masica (Dir.); Robert Henri Charles van Maasdijk (Dir.); Dr. Hannes Farnleitner (Dir.); Edward E. Urquhart (Dir.); Lawrence G. Schafran (Dir.); Michael T. Heffner (Dir.)
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Auditor:
Mark Bailey & Company Ltd.
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Securities:
Common Stock-Symbol SUF; AMEX;
77,205,478 common shares outstanding as of July 31, 2007.
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