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Prospector
Profile
928-03
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| American Security Resources Corp. |
NAICS |
335999 |
| 9601 Katy Freeway, Suite 220
Houston, TX 77024 |
Description |
Fuel Cells Mfg. |
| (713) 465-1001 |
Employees |
2 |
| http://www.americansecurityresources.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-8.3680 |
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Assets |
(mil) |
0.1460 |
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Liability |
(mil) |
0.4190 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
American Security Resources Corp. incurred a $817,241 net loss for the second quarter ended June 30, 2007, much lower than the $1,248,191 net loss reported during the second quarter of last year. For the six months ended June 30, 2007, the Company had a $2,094,908 net loss, lower than the $4,050,846 net loss booked in the first half of 2006. As a result of its recurring losses, the Company's balance sheet at June 30, 2007 reflected an accumulated deficit of $32,108,284, stockholder's deficit of $230,287 and working capital deficit of $340,503.
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Intellectual Property:
Through its Hydra Fuel Cell, Inc. subsidiary, the Company continued the development and testing of the HydraStax® hydrogen electric generators. Seven patent applications were filed covering some of the innovations incorporated in the HydraStax® and the Company intends to file additional patent applications in 2007. [SEC Filing 10-KSB 04-04-07]
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Description:
The Company engages in the development of advanced hydrogen fuel cells in the United States.
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Officers:
Frank Neukomm (Chair, Sec. & CEO); Robert C. Farr (Pres., COO & Dir.); Randall Newton (CFO); Robert J. Wilson (Dir.); Alvie T. Merril (Dir.); James R. Twedt (Dir.)
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Auditor:
Malone & Bailey PC
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Securities:
Common Stock-Symbol ARSC.OB; OTC BB;
153,509,121 common shares outstanding as of August 20, 2007.
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