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Prospector
Profile
07.1290
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| Teknik Digital Arts, Inc. |
NAICS |
511210 |
| PO Box 2800-314
Carefree, AZ 85377 |
Description |
Software Games |
| (480) 443-1488 |
Employees |
2 |
| http://www.teknikcorp.com/ |
Revenue |
(mil) |
0.0030 |
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Income |
(mil) |
-1.2560 |
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Assets |
(mil) |
0.3610 |
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Liability |
(mil) |
1.7090 |
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(for the year ended 2006-09-30) |
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Category:
Loss/Deficit
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Event:
Teknik Digital Arts, Inc. reported a net loss of $56,345 for its third quarter ended June 30, 2007, compared to a net loss of $186,553 reported during the third quarter of 2006. For the six months ended June 30, 2007, the Company booked a $1,429,002 net loss, much lower than the $708,810 net loss reported during the same period last year. The Company's balance sheet at June 30, 2007 showed an accumulated deficit of $8,243,674, stockholder's deficit of $1,156,788 and working capital deficit of $1,045,192.
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Intellectual Property:
On August 1, 2006, the Company entered into a joint venture agreement with Powergrid Fitness, Inc. to exclusively develop, manufacture, and market physically interactive video game controllers, software, and leagues using the Powergrid Fitness patented isometric-based controller technology. The Company also licenses to develop and publish mobile video games for console and personal computer applications using the title, names, logos, trademarks, art work, photographs and related marks and designs of several television shows, including Fear Factor and Next Action Star. [SEC Filing 10-KSB 12-28-06]
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Description:
The Company engages in the development and marketing of interactive gaming software to play on cell phones, personal computers, and game consoles.
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Officers:
John R. Ward (Chair & CEO); Benjamin Robins (Dir.); Kristine E. Ward (Sec. & Treas.)
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Auditor:
Semple & Cooper LLP
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Securities:
Common Stock-Symbol TKNK.OB; OTC BB;
14,645,588 common shares outstanding as of August 3, 2007.
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