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Prospector
Profile
07.1502
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| Amerityre Corp. |
NAICS |
326211 |
| 1501 Industrial Road
Boulder City, NV 89005 |
Description |
Automotive Tires Mfg. |
| (702) 294-2689 |
Employees |
28 |
| http://www.amerityre.com/ |
Revenue |
(mil) |
3.4270 |
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Income |
(mil) |
-5.0070 |
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Assets |
(mil) |
8.8280 |
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Liability |
(mil) |
0.6200 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
Amerityre Corp. reported a net loss of $5,007,822 for the year ended June 30, 2007, compared to net loss of $5,324,240 and $10,073,008 incurred during the years ended June 30, 2006 and 2005, respectively. Total revenues for year ended June 30, 2007 were $3,427,254, much higher than the revenues of $2,025,630 and $1,681,091 reported during the previous two fiscal years. The Company's balance sheet at June 30, 2007 showed a retained deficit of $46,795,897.
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Intellectual Property:
The Company seeks to obtain patent protection for, or to maintain as trade secrets, those inventions that are important to the development of its business. The Company owns 7 issued U.S. patents and 10 additional pending U.S. and foreign patent applications. It uses various trademarks in association with marketing its products, including the names Arcus®, Amerityre®, Atmospheric®, Elastothane®, Amerifill™, Elastothane®, Logo® and Tire Technology for the 21st Century™. The Company’s polyurethane material technology is based on two key proprietary formulations a closed-cell polyurethane foam and polyurethane elastomer. [SEC Filing 10-K 09-14-07]
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Description:
The Company engages in the manufacture, marketing, distribution, and sale of flat-free specialty tires and tire-wheel assemblies in Nevada.
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Officers:
Louis M. Haynie (Chair); Gary N. Benninger (CEO); Anders A. Suarez (CFO); Henry D. Moyle (Dir.); Wesley G. Sprunk (Dir.); Norman H. Tregenza (Dir.); Steve M. Hanni (Dir.); Kenneth Johnsen (Dir.)
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Auditor:
HJ & Associates LLC
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Securities:
Common Stock-Symbol AMTY; NasdaqCM;
23,441,551 common shares outstanding as of September 7, 2007.
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