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Prospector
Profile
07.1287
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| Real Paper Displays, Inc. |
NAICS |
339950 |
| 4340 Von Karman Avenue, Suite 200
Newport Beach, CA 92660 |
Description |
Electronic Displays Mfg. |
| (949) 812-5905 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.6360 |
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Assets |
(mil) |
0.2690 |
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Liability |
(mil) |
0.3500 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Real Paper Displays, Inc. reported a net loss of $586,362 and $1,090,670 for the three months and six ended June 30, 2007, respectively. As a result of its recurring losses, the Company has an accumulated deficit of $1,727,181 and stockholders’ deficit of $922,606 as of June 30, 2007. The Company also has strained liquidity with $11,079 in total current assets available to pay $987,947 in total current liabilities, resulting in a working capital deficit of $976,868.
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Intellectual Property:
The Company executed the Patent License Agreement with the Board of Regents of The University of Texas System. The Board owns rights to various patents related to microbial cellulose and methods for making and using electronic paper that were developed at the University. [SEC Filing SB-2 05-14-07]
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Description:
The RealPaper PED is a dynamic electronic display that delivers the clarity, contrast and visual appeal of ink-on-paper signs plus the flexibilty to change the display message remotely, wirelessly and instantly.
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Officers:
Malcolm D. Lennie (CEO, CFO, Sec. & Dir.); Marc Levin (Dir.)
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Auditor:
KMJ Corbin & Company LLP
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Securities:
Common Stock-Symbol RPPR.OB; OTC BB;
56,889,000 common shares outstanding as of July 26, 2007.
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