Prospector Profile 928-05
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CYIOS Corp. |
NAICS |
541512 |
1300 Pennsylvania Avenue NW
Washington, DC 20004 |
Description |
Systems Integration Services |
(703) 294-9933 |
Employees |
22 |
http://www.cyios.com/ |
Revenue |
(mil) |
1.7090 |
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Income |
(mil) |
-0.8890 |
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Assets |
(mil) |
0.1050 |
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Liability |
(mil) |
0.6230 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Traci J. Anderson CPA expressed substantial doubt on CYIOS Corp.'s ability to continue as a going concern after auditing its financial statements. During 2006, the auditor notes that the Company had a net loss of $893,526, a net deficiency of $24,170,258 and a net working capital deficit of $522,260.
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Intellectual Property:
The Company’s CKO, Inc. subsidiary is the sole owner of 100% of the intellectual property rights of the CKO online software. The CKO software is copyright-protected and the Company is currently considering the feasibility of patenting certain currently confidential processes used within the software. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company operates as a systems integrator and knowledge management solutions provider for the United States Army, Department of Defense, and U.S. Government agencies.
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Officers:
Timothy W. Carnahan (Chair, Pres. & Treas.); Jeffrey Lieberman (Sec. & Dir.)
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Auditor:
Traci J. Anderson CPA
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Securities:
Common Stock-Symbol CYIO.OB; OTC BB;
23,824,210 common shares outstanding as of June 30, 2007.
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