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Prospector
Profile
1107-01
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| Arkados Group, Inc. |
NAICS |
334413 |
| 220 Old New Brunswick Road
Piscataway, NJ 08854 |
Description |
Semiconductor Mfg. |
| (732) 465-9300 |
Employees |
19 |
| http://www.arkados.com/ |
Revenue |
(mil) |
0.1120 |
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Income |
(mil) |
-4.0250 |
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Assets |
(mil) |
1.4240 |
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Liability |
(mil) |
11.5330 |
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(for the year ended 2007-05-31) |
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Category:
Audit Concerns
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Event:
Sherb & Company LLP raised substantial doubt about the ability of Arkados Group, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has incurred recurring operating losses and will have to obtain additional capital to sustain operations.
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Intellectual Property:
The Company has been awarded 11 U.S. Patents. The Company believes that some of the recently awarded patents are integral to the implementation of powerline communication networks, which may create value given the global market for this technology and the vast number of potential players in the marketplace. It also relies on trade secret, patent, copyright, and trademark laws to protect intellectual property in its products and technology. The Company intends to continue this practice in the future. In addition to its issued U.S. patents, the Company has over 30 pending U.S. patent applications, and various corresponding international patents and applications. To complement research and development efforts, the Company has also licensed, and expects to continue to license, from third parties a variety of intellectual property and technologies important to its business. [SEC Filing 10-KSB 09-13-07]
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Description:
The Company operates as a fabless semiconductor manufacturer in the United States.
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Officers:
Andreas Typaldos (Chair); Oleg Logvinov (Pres., CEO & Dir.); Barbara Kane-Burke (Sec. & CFO); Grant Ogata (EVP)
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Auditor:
Sherb & Company LLP
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Securities:
Common Stock-Symbol AKDS.OB; OTC BB;
26,082,221 common shares outstanding as of September 13, 2007.
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