Prospector
Profile
926-01
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| Revolutions Medical Corp. |
NAICS |
339112 |
| 2073 Shell Ring Circle
Mount Pleasant, SC 29466 |
Description |
Medical Instruments Mfg. |
| (843) 971-4848 |
Employees |
0 |
| http://www.revolutionsmedical.com/ |
Revenue |
(mil) |
0.1740 |
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Income |
(mil) |
-14.7270 |
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Assets |
(mil) |
0.0040 |
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Liability |
(mil) |
1.4240 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Revolutions Medical Corp. had a net loss of $292,881 for the second quarter ended June 30, 2007, much higher than the $164,431 net loss incurred during the second quarter of last year. For the six months ended June 30, 2007, the Company had a $618,699 net loss, compared to a $378,091 net loss booked in the first half of last year. The Company's balance sheet at June 30, 2007 showed an accumulated deficit of $15,346,244 and strained liquidity with only $967 in total current assets available to pay $1,583,436 in total current liabilities.
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Intellectual Property:
The Company has two registered U.S. patents and four patent applications pending that protect its technology. The U.S. patents cover its retractable safety syringe design and blood sampling device. The Company's four patent applications relate to its Color MRI technology. [SEC Filing 10-KSB 04-16-07]
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Description:
The Company engages in the design and development of retractable safety needle devices.
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Officers:
Rondald Wheet (Chair & CEO); Thomas M. Beahm (Dir.)
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Auditor:
Sutton Robinson Freeman & Company PC
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Securities:
Common Stock-Symbol RMCP.PK; Other OTC;
17,038,422 common shares outstanding as of August 20, 2007.
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