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Prospector Profile 07.1637
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e.Digital Corporation |
NAICS |
334310 |
16770 West Bernardo Drive
San Diego, CA 92127 |
Description |
Audio Equipment Mfg. |
(866) 502-8234 |
Employees |
21 |
http://www.edigital.com/ |
Revenue |
(mil) |
1.8150 |
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Income |
(mil) |
-3.1290 |
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Assets |
(mil) |
1.7560 |
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Liability |
(mil) |
3.1930 |
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(for the year ended 2007-03-31) |
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Category:
Loss/Deficit
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Event:
e.Digital Corporation had a net loss of $185,265 on $2,419,781 in revenues for the three months ended September 30, 2007, much lower than the $1,638,388 net loss on $18,018 in revenues reported during the same quarter last year. For the six months ended September 30, 2007, the Company had a $805,896 net loss, also substantially lower than $2,795,672 net loss incurred during the same period last year. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $81,113,667, stockholder's deficit of $2,044,263 and working capital deficit of $1,386,273.
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Intellectual Property:
The Company has five issued U.S. patents covering its MicroOS file management software and certain technology related to the use of flash memory in portable digital devices. The software is also protected by copyrights. The Company relies primarily on a combination of patents, copyright and trade secret protection together with licensing arrangements and nondisclosure and confidentiality agreements to establish and protect proprietary rights. It has designed and developed proprietary hardware encryption technology for content protection. This technology has been used in the digEplayer and eVU products and has been tested and approved by major Hollywood movie studios. It currently has a patent application pending with the U.S. Patent Office for this technology.
It has also filed a number of trademark applications with the U.S. Patent and Trademark Office. The Company has received notification of allowance from the United States Patent Office for use of e.Digital™, MicroOS™, Smart Solutions for a Digital World (Service Mark), VoiceNav®, Music Explorer®, MXP™, Flashback®, Hold That Thought®, Fumble Free® and SoundClip® as registered trade names. [SEC Filing 10-K 06-29-07]
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Description:
The Company provides digital video/audio technology platform for use in the production of complex portable electronic products.
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Officers:
Alex Diaz (Chair); William Blakeley (Pres. & Chief Technical Officer); Robert Putnam (SVP & Dir.); Alfred Falk (VP); Allen Cocumelli (Dir.); Renee Warden (Dir.)
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Auditor:
Singer Lewak Greenbaum & Goldstein LLP
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Securities:
Common Stock-Symbol EDIG.OB; OTC BB;
247,785,447 common shares outstanding as of November 1, 2007.
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