Prospector
Profile
07.1515
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| Photovoltaic Solar Cells, Inc. |
NAICS |
334413 |
| 4115 Bandy Blvd., Unit A-7
Ft. Pierce, Florida 34981 |
Description |
Solar Cells Mfg. |
| (727) 735-7832 |
Employees |
2 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0180 |
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Assets |
(mil) |
0.0610 |
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Liability |
(mil) |
0.0050 |
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(for the year ended 2007-05-31) |
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Category:
Audit Concerns
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Event:
Berkovits Lago & Company LLP raised doubts on the ability of Photovoltaic Solar Cells, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has limited operations, lacks sufficient working capital, and has loss from operations in the development stage.
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Intellectual Property:
The Company expects that its success and ability to compete will significantly depend on the proprietary process and design used in connection with the manufacture of its solar cells. This process and design was developed and patented (U.S. Patent No. 6,380,477 B1 dated April 30, 2002, "Method of Making Photovoltaic Device") by Lawrence F. Curtin and assigned to the Company. It also relies upon unpatented know-how and continuing technological innovation to develop and maintain competitive position. [SEC Filing SB-2 07-06--07]
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Description:
The Company is engaged in producing and marketing an inexpensive solar cell that can be sold over the Internet, shipped by overnight carrier without breakage, and assembled into solar panels.
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Officers:
Lawrence F. Curtin (Pres.); Zechariah Krogen-Curtin (Sec.)
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Auditor:
Berkovits Lago & Company LLP
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Securities:
4,050,000 common shares outstanding as of October 11, 2007.
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