 |
Prospector
Profile
07.1378
|
| |
| Alanco Technologies, Inc. |
NAICS |
334112 |
| 15575 North 83rd Way, Suite 3
Scottsdale, AZ 85260 |
Description |
Tracking Devices Mfg. |
| (480) 607-1010 |
Employees |
78 |
| http://www.alanco.com |
Revenue |
(mil) |
18.4700 |
| |
Income |
(mil) |
-5.8700 |
| |
Assets |
(mil) |
27.8800 |
| |
Liability |
(mil) |
12.3700 |
| |
(for the year ended 2007-06-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Semple Marchal & Cooper LLP stated that Alanco Technologies, Inc. has incurred significant losses from operations, anticipates additional losses in the next year, and has insufficient working capital as of June 30, 2007 to fund the anticipated losses. The company posted a $5,871,700 net loss on $18,474,100 of net sales for the year ended June 30, 2007, as compared with a $4,085,100 net loss on $5,444,500 of net sales in the prior year. The company had a working capital deficit of $219,100 at June 30, 2007.
|
| |
|
Intellectual Property:
The Company's technology consisted of the proprietary TSI PRISM™ wireless 915 MHz RFID tracking capabilities utilized primarily in correctional facilities, security management and personnel monitoring. In March 2005, Alanco entered into a technology license agreement with a developer of RFID real-time location services technology utilizing 2.4 GHz wireless networking standards. The License currently grants to Alanco a five-year worldwide license for the corrections market, to acquire, modify or combine the 2.4 GHz technology with Alanco's 915 MHz TSI PRISM technology. [SEC Filing 10-KSB 09-28-07]
|
| |
|
Description:
The Company, through its subsidiaries, offers data storage products and makes wireless tracking devices for correctional facilities.
|
| |
|
Officers:
Robert R. Kauffman (Chair & CEO); John A. Carlson (CFO & Dir.); James T. Hecker (Dir.); Harold S. Carpenter (Dir.); Thomas C. LaVoy (Dir.); Donald E. Anderson (Dir.); Timothy P. Slifkin (Dir.)
|
| |
|
Auditor:
Semple & Cooper LLP
|
| |
|
Securities:
Common Stock Symbol ALAN; NasdaqCM;
22,718,000 common shares outstanding as of Sept. 21, 2007.
|
| |
| |
| |
| return to main page |
|
|
