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Prospector
Profile
07.1429
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| Ukarma Corporation |
NAICS |
512110 |
| 520 Broadway, Suite 350
Santa Monica, CA 90401 |
Description |
Video Production |
| (310) 998-8909 |
Employees |
0 |
| http://www.xflowsion.com/ukarma.html |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-1.0520 |
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Assets |
(mil) |
0.6690 |
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Liability |
(mil) |
0.0730 |
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(for the year ended 2006-09-30) |
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Category:
Loss/Deficit
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Event:
Ukarma Corp. had a net loss of $286,484 for the second quarter ended June 30, 2007, higher than the $240,634 net loss reported during the second quarter last year. For the six months ended June 30, 2007, the Company reported a $757,578 net loss, higher than the $431,087 net loss incurred during the six months ended June 30, 2006. As of June 30, 2007, the Company has an accumulated deficit of $2,320,051 and strained liquidity with $89,608 in total current assets available to pay $726,958 in total current liabilities.
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Intellectual Property:
The Company has applied for copyright protection for its seven Xflowsion DVDs. It relies upon a combination of nondisclosure and other contractual arrangements and trade secret, copyright and trademark laws to protect proprietary rights. The Company enters into confidentiality agreements with employees and limits distribution of proprietary information. The Company has filed for patent protection for its proprietary yoga mats. It has completed filings with the U.S. Patent and Trademark Office in order to protect certain marks, including uKarma. It has also filed for trademarks for “Xflowision.” In addition, the Company has filed for Slogan Mark protection for “The most fun you’ll ever have working out”, “The most fun I’ve ever had working out”, “Mind Blowing fitness for every body”, “Mind Blowing workouts for every body”, “Triple Training”, “Look Great Outside, Feel Great Inside”, and “Ultimate Cross Training for mind body and spirit”. It has also filed trademarks for several DVD titles, including “Calm Down Dog,” “The Lean,” “Amazing Abs,” “Body Blast,” and “Kick Butt Yoga.” [SEC Filing SB-2 02-12-07]
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Description:
The Company produces, develops and markets yoga and fitness DVDs and other multimedia and complementary products.
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Officers:
Bill Glaser (Chair, CEO & CFO); Fred Tannous (Dir.)
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Securities:
16,397,914 common shares outstanding as of August 17, 2007.
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