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Prospector
Profile
1001-08
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| IDI Global, Inc. |
NAICS |
511210 |
| 462 East 800 North
Orem, UT 84097 |
Description |
Software Publishers |
| (801) 224-4444 |
Employees |
20 |
| http://www.idiglobalinc.com/ |
Revenue |
(mil) |
7.9990 |
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Income |
(mil) |
-1.4990 |
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Assets |
(mil) |
0.9850 |
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Liability |
(mil) |
4.0040 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
IDI Global, Inc. had a $291,575 net loss on revenues of $1,408,070 for the second quarter ended June 30, 2007, compared to a net income of $28,903 on revenues of $2,876,924 for the second quarter of 2006. For the six months ended June 30, 2007, the Company booked a $602,445 net loss, much higher than the $130,146 net loss reported during the first half of 2006. The Company's balance sheet showed an accumulated deficit of $10,384,208 and stockholder's deficit of $3,620,780 as of June 30, 2007. It also has strained liquidity with $171,590 in total current assets available to pay $4,602,573 in total current liabilities.
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Intellectual Property:
The Company's Internet Development, Inc. subsidiary has developed all of its own proprietary source code for its applications. The Company's ARRAY software, with its umbrella control and processing capabilities, is unique to a large degree. The Company has exclusive agreements with each ARRAY client to provide technology for their e-commerce and individual web site needs. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company engages in the design, development, and marketing of Web-based software applications and development tools on an integrated service platform.
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Officers:
Kevin R. Griffith (Chair, Pres. & CEO); Eugene Bergmann (Sec., Treas. & Dir.); Steven Weatherly (CFO)
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Auditor:
Chisholm Bierwolf & Nilson LLC
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Securities:
Common Stock-Symbol IDIB.OB; OTC BB;
19,160,174 common shares outstanding as of August 1, 2007.
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