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Prospector
Profile
1001-03
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| Firepond, Inc. |
NAICS |
511210 |
| 205 Newbury Street
Framingham, MA 01701 |
Description |
Software Publishers |
| (508) 820-4300 |
Employees |
49 |
| http://www.firepond.com/ |
Revenue |
(mil) |
4.6240 |
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Income |
(mil) |
-23.7200 |
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Assets |
(mil) |
8.7190 |
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Liability |
(mil) |
5.8700 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Causey Demgen & Moore, Inc. expressed substantial doubt about Firepond, Inc.'s ability to continue as a going due to its significant losses from operations. The Company posted a $23,270,137 net loss on $4,624,763 of total revenues for the year ended June 30, 2007, as compared with a $4,783,181 net loss on $3,761,594 of total revenues in the prior year. At June 30, 2007, the Company had a working capital deficit of $1,700,000.
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Intellectual Property:
The Company holds over 200 copyrights related to its business. In addition, the Company owns 2 trademark registrations in the United States and has 4 trademark applications pending with the U.S. Patent and Trademark Office. The Company owns 1 trademark registration in the EU and has 2 trademark applications pending with the Office for the Harmonization of Intellectual Property. It also has 1 trademark application pending with the Japan Trademark Office. The Company's software products depend on a non-exclusive worldwide license from Orion IP LLC to utilize certain critical patents and related rights in connection with the conduct of its business. [SEC Filing 10-KSB 09-18-07]
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Description:
The Company is a leading provider of multi-tenant, on-demand software that automates and simplifies the process companies use to sell complex products and services.
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Officers:
Douglas Croxall (Chair); William Santo (CEO & Dir.); Stephen Peary (CFO & Sec.); Jerry Keefe (VP); Carol Ferrari (VP); Mark Campion (Dir.); Mark Tunney (Dir.)
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Auditor:
Causey Demgen & Moore, Inc.
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Securities:
Common Stock-Symbol FPND.OB; OTC BB;
8,349,239 common shares outstanding as of August 31, 2007.
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