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Prospector
Profile
1113-01
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| Neptune Industries, Inc. |
NAICS |
112519 |
| 21218 St. Andrews Boulevard, Suite 645
Boca Raton, FL 33433 |
Description |
Aquaculture |
| (561)-482-6408 |
Employees |
7 |
| http://www.neptuneindustries.net |
Revenue |
(mil) |
0.8510 |
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Income |
(mil) |
-2.1560 |
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Assets |
(mil) |
2.4680 |
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Liability |
(mil) |
4.2180 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Berman Hopkins Wright & Laham CPAs and Associates LLP expressed substantial doubt on the ability of Neptune Industries, Inc., to continue as a going concern after auditing its financial statements for the year ended June 30, 2007. The auditor points out that the Company has suffered recurring losses from operations and has a deficiency in assets. The Company reported a net loss of $2,156,740 on sales of $851,141 for the year ended June 30, 2007. It also has an accumulated deficit of $6,953,628 and a total stockholders deficit of $1,750,212 as of June 30, 2007.
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Intellectual Property:
The catalyst to the Company's business model is its leading-edge technologies which include the patent-pending Aqua-Sphere and Aqua-Cell seafood production (closed containment) system; the patent pending Ento-Protein sustainable dietary protein ingredients, and numerous proprietary products and processes that it expects to be granted patents in the near future. [SEC Filing 10KSB 10-15-2007]
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Description:
Neptune Industries, Inc., through its subsidiaries, provides aquaculture technology primarily in the United States.
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Officers:
Ernest D. Papadoyianis (Chair, Pres. & CEO); X.T. "Sal" Cherch (COO, Sec., Treas. & Dir); Robert Hipple (CFO & Gen. Counsel)
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Auditor:
Berman Hopkins Wright & Laham CPAs and Associates LLP
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Securities:
Common Stock-Symbol NPDI.OB; OTC BB;
19,966,199 common shares outstanding as of September 15, 2007.
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