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Prospector
Profile
1119-05
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| Hemcure, Inc. |
NAICS |
334310 |
| 11839 East Smith Avenue
Santa Fe Springs, CA 90670 |
Description |
Audio Equipment Mfg. |
| (562) 447-1780 |
Employees |
7 |
| http://www.aurasound.com/ |
Revenue |
(mil) |
0.2080 |
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Income |
(mil) |
-3.8090 |
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Assets |
(mil) |
26.8600 |
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Liability |
(mil) |
4.5120 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
Kabani & Company, Inc. raised substantial doubt about the ability of Hemcure, Inc. to continue as a going concern after auditing its financial statements. During the year ended June 30, 2007, the Company incurred net losses of $3,809,260. In addition, the Company had negative cash flow in operating activities amounting $3,882,546 in the year ended June 30, 2007.
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Intellectual Property:
The Company has 29 issued US patents covering the design and technical innovations found in its audio products. It also owns 7 trademarks. The Company believes that these trademarks significantly strengthen consumer awareness of the AuraSound brand. [SEC Filing 10-KSB/A 10-19-07]
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Description:
The Company engages in the development, commercialization, and sale of audio products, sound systems, and audio components using its patented and proprietary electromagnetic technology.
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Officers:
Arthur Liu (Chair, CEO & CFO); Celia Cheng (Sec. & Dir.); Donald North (VP); Amy Liu (Dir.)
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Auditor:
Kabani & Company, Inc.
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Securities:
Common Stock-Symbol HMCU.OB; OTC BB;
14,900,000 common shares outstanding as of October 10, 2007.
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