Prospector
Profile
1001-06
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| Spare Backup, Inc. |
NAICS |
511210 |
| 72-757 Fred Waring Drive
Palm Desert, CA 92260 |
Description |
Software Publishers |
| (760) 779-025 |
Employees |
24 |
| http://www.sparebackup.com/ |
Revenue |
(mil) |
0.0730 |
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Income |
(mil) |
-14.4780 |
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Assets |
(mil) |
1.5830 |
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Liability |
(mil) |
12.8770 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Sherb & Company LLP raised doubts on the ability of Spare Backup, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company had net losses, cash used in operations and working capital deficit for the year ended December 31, 2006.
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Intellectual Property:
A non-provisional patent application for the client side technology utilized by Spare Backup was filed in the United States Patent and Trademark Office on June 27, 2006. A non-provisional patent application for the server side technology utilized by Spare Backup was filed in the United States Patent and Trademark Office on August 10, 2006. Both applications are currently pending in the Patent Office and awaiting examination. [SEC Filing 10-KSB 04-02-07]
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Description:
The Company engages in the development and marketing of online backup solutions software and services to individuals, business professionals, small office and home office companies, and small to medium sized businesses in the United States and internationally.
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Officers:
Cery B. Perle (Chair, Pres. & CEO); Edward L. Hagan (Sec. & Dir.); Richard Galterio (Dir.)
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Auditor:
Sherb & Company LLP
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Securities:
Common Stock-Symbol SPBU.OB; OTC BB;
73,174,044 common shares outstanding as of August 7, 2007.
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