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Prospector
Profile
07.1656
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| Baywood International, Inc. |
NAICS |
325412 |
| 14950 North 83rd Place, Suite 1
Scottsdale, AZ 85260 |
Description |
Vitamins Mfg. |
| (480) 951-3956 |
Employees |
9 |
| http://www.bywd.com/ |
Revenue |
(mil) |
1.0770 |
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Income |
(mil) |
-0.6240 |
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Assets |
(mil) |
0.4800 |
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Liability |
(mil) |
3.2340 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Baywood International, Inc. reported a net loss of $202,644 on net sales of $3.2 million for the third quarter ended Sept. 30, 2007, compared with a net loss of $179,003 on net sales of $205,331 in the same period last year. At Sept. 30, 2007, the company's consolidated balance sheet showed $13.9 million in total assets, $9.6 million in total liabilities, and $4.3 million in total stockholders' equity. The company's consolidated balance sheet at Sept. 30, 2007, showed strained liquidity with $3.6 million in total current assets available to pay $4.1 million in total current liabilities.
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Intellectual Property:
The Company's material trademarks include the Baywood PURECHOICE®, Baywood SOLUTIONS® and Complete La Femme® and LifeTime® brands. The Company currently owns these brand names as registered trademarks and substantially all of its net sales were from products bearing these brands. Sometimes, however, the names used to describe some of its products are either too generic or commonplace to register. One example is S-Adenosyl-Methionine, or SAMe, which is the name of the raw material in the product and can be used by other companies in the industry. Additionally, the Company licenses through contract manufacturers certain intellectual property from third parties. One example is Phase 2™, which is the primary ingredient in the Carb Eliminator™ and Maximum Strength Carb Eliminator™ and is the trademark of its supplier. The Company licenses this product non-exclusively from a raw material supplier, Pharmachem Labs, thereby being able to utilize the supplier’s recognized tradename and scientific data. [SEC Filing SB-2 07-23-07]
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Description:
Baywood is a consumer products company specializing in the development, marketing and distribution of its own brands of nutraceuticals.
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Officers:
Neil Reithinger (Chair, Pres. & CEO); Karl H. Rullich (VP, Sec. & Dir.); Thomas Pinkowski (VP); O. Lee Tawes, III (Dir.); David Tsiang (Dir.); Neil Russell (Dir.)
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Auditor:
Epstein Weber & Conover PLC
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Securities:
Common Stock-Symbol BYWD.OB; OTC BB;
131,596,110 common shares outstanding as of September 30, 2007.
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