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Prospector
Profile
07.1380
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| Better Biodiesel, Inc. |
NAICS |
324110 |
| 355 South 1550 West
Spanish Fork, UT 84660 |
Description |
Biodiesel Mfg. |
| (801) 990-2810 |
Employees |
5 |
| http://www.betterbiodiesel.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.4200 |
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Assets |
(mil) |
0.4620 |
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Liability |
(mil) |
0.1370 |
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(for the year ended 2007-09-30) |
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Category:
Loss/Deficit
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Event:
Better Biodiesel, Inc. had a net loss of $840,185 for the three months ended June 30, 2007, higher than the $25,288 net loss incurred during the same quarter last year. For the nine months ended June 30, 2007, the Company had a $1,935,880 net loss, much higher than the $89,712 net loss reported during the same period a year ago. As a result of its recurring losses, the Company has an accumulated deficit of $2,408,680 and stockholders' deficit of $259,245 as of June 30, 2007. It also has strained liquidity with $424,173 in total current assets available to pay $1,203,785 in total current liabilities.
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Intellectual Property:
The Company, through its wholly-owned subsidiary, Domestic Energy Partners LLC, has a patent pending on its proprietary technology that enables transesterfication of oils to form biodiesels. In November 2006, the Company completed and filed the claims on the existing patent application with the U.S. Patent and Trademark Office, which was assigned exclusively to the Company. “Better Biodiesel” is a registered trademark name for the Company's biodiesel fuel. [SEC Filing 10-KSB 12-29-06]
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Description:
The Company engages in the manufacture and distribution of biodiesel and related products in the United States.
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Officers:
Ron Crafts (Chair, CEO & CFO); John Crawford (Pres., Chief Technology Officer & Dir.); Lynn Dean Crawford (COO); Peter Kristensen (VP & Dir.); F. Briton McConkie (VP & Dir.); David M. Otto (Dir.)
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Auditor:
Peterson Sullivan PLLC
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Securities:
Common Stock-Symbol BBDS.OB; OTC BB;
30,945,001 common shares outstanding as of August 10, 2007.
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