Prospector
Profile
07.1601
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| Non-Invasive Monitoring Systems, Inc. |
NAICS |
339100 |
| 1666 Kennedy Causeway - Suite 308
North Bay Village, FL 33141 |
Description |
Medical Equipment Mfg. |
| (305) 861-0075 |
Employees |
5 |
| http://www.nims-inc.com/ |
Revenue |
(mil) |
0.3100 |
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Income |
(mil) |
-1.3580 |
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Assets |
(mil) |
1.6540 |
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Liability |
(mil) |
0.7450 |
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(for the year ended 2007-07-31) |
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Category:
Audit Concerns
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Event:
Eisner LLP raised substantial doubt about the ability of Non-Invasive Monitoring Systems, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered recurring net losses of $1,358,692 and $613,060 for the years ended July 31, 2007 and 2006, respectively. It also has an accumulated deficit of $16,198,996 in its July 31, 2007 balance sheet.
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Intellectual Property:
The Company currently holds three U.S. patents with respect to both overall design and specific features of its present and proposed products and has submitted applications with respect to one additional U.S. patent and 4 foreign patents. The Company transferred 14 U.S. patents to VivoMetrics, Inc. The Company has 16 trademarks and trade names which are registered in the United States and in several foreign countries, including the Company’s principal trademark. [SEC Filing 10-KSB 10-29-07]
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Description:
The Company is engaged in the development of innovative medical products utilizing new and unique technologies to address a wide variety of medical conditions.
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Officers:
Marvin A. Sackner (Chair); Taffy Gould (Vice Chair); Gary W. Macleod (CEO & Dir.); Morton J. Robinson (Sec. & Dir.); Gerard Kaiser (Dir.); Leila Kight (Dir.); John G. Clawson (Dir.)
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Auditor:
Eisner LLP
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Securities:
67,090,228 common shares outstanding as of July 31, 2007.
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