Prospector
Profile
1107-06
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| Imaging Diagnostic Systems, Inc. |
NAICS |
334510 |
| 6531 NW 18th Court
Plantation, FL 33313 |
Description |
Medical Equipment Mfg. |
| (954) 581-9800 |
Employees |
28 |
| http://www.imds.com/ |
Revenue |
(mil) |
0.0650 |
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Income |
(mil) |
-7.2020 |
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Assets |
(mil) |
4.3650 |
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Liability |
(mil) |
0.9240 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Margolies Fink & Wichrowski raised substantial doubt about Imaging Diagnostic System, Inc.'s ability to continue as a going concern after auditing its financial statements. The auditor notes that the Company has suffered recurring losses and has yet to generate an internal cash flow.
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Intellectual Property:
The original patent for its CTLM® technology was granted in December 1997 under U.S. Patent Number 5,692,511. As of June 30, 2007, the Company owns 20 patents and has 7 additional United States patents pending with regard to optical tomography, many of which are based on the original CTLM® technology. It also has 15 International patents and has 7 International patents pending. [SEC Filing 10-KSB 09-13-07]
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Description:
The Company designs, tests, and markets medical imaging equipment.
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Officers:
Jay S. Bendis (Co-Chair); Patrick J. Gorman (Co-Chair); Timothy B. Hansen (CEO & Dir.); Allan L. Schwartz (EVP, CFO & Dir.); Edward Rolquin (Dir.); Sherman Lazrus (Dir.)
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Auditor:
Margolies Fink & Wichrowski
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Securities:
Common Stock-Symbol IMDS.OB; OTC BB;
318,205,363 common shares outstanding as of September 12, 2007.
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