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Prospector
Profile
07.1241
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| Delta Mutual, Inc. |
NAICS |
327331 |
| 111 North Branch Street
Sellersville, PA 18960 |
Description |
Construction Materials Mfg. |
| (215) 258-2800 |
Employees |
4 |
| http://www.deltamutual.com/ |
Revenue |
(mil) |
0.2790 |
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Income |
(mil) |
-2.5420 |
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Assets |
(mil) |
1.0440 |
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Liability |
(mil) |
1.9100 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Delta Mutual, Inc. reported a net loss of $1,349,766 for the second quarter ended June 30, 2007, compared to a net loss of $1,444,783 during the same period last year. For the six months ended June 30, 2007, the Company reported a net loss of $763,795, higher than the $642,082 net loss reported during the first half of 2006. The Company's balance sheet showed $10,212,270 in accumulated deficit and total stockholders' deficit of $2,064,546 as of June 30, 2007. It also has strained liquidity with $68,803 in total current assets and $2,387,363 in total current liabilities.
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Intellectual Property:
In August 2005, the Company acquired, through Delta Technologies, Inc., certain intellectual property and filed a patent application for a new insulating concrete wall forming (ICF) system called Delta Wall. [SEC Filing 10-KSB 04-02-07]
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Description:
The Company provides environmental and construction technologies and services in the Far East, the Middle East, the United States, and Puerto Rico.
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Officers:
Peter F. Russo (Pres., CEO, Sec. & Dir.); Martin G. Chilek (SVP, CFO, Sec. & Treas.)
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Auditor:
Wiener Goodman & Company PC
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Securities:
Common Stock-Symbol DLTM.OB; OTC BB;
62,272,286 common shares outstanding as of August 8, 2007.
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