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Prospector
Profile
08.0013
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| MIPSolutions, Inc. |
NAICS |
333319 |
| 128 East Fairview Avenue
Spokane, WA 99207 |
Description |
Purification Equipment Mfg. |
| (509) 484-6385 |
Employees |
3 |
| http://www.mipsolutionsinc.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.7980 |
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Assets |
(mil) |
0.0700 |
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Liability |
(mil) |
0.1250 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
MIPSolutions, Inc. had a net loss of $79,691 for the third quarter ended September 30, 2007, much lower than the $147,906 net loss incurred during the third quarter of 2006. For the nine months ended September 30, 2007, the Company had a $310,791 net loss, slightly lower than the $349,276 net loss reported during the same period in 2006. As a result of its recurring losses, the Company had an accumulated deficit of $878,490 and stockholders' deficit of $133,962 as of September 30, 2007. It also has strained liquidity with $12,457 in total current assets available to pay $203,265 in total current liabilities.
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Intellectual Property:
The Company has exclusively licensed a patent portfolio from the Johns Hopkins Laboratory. The patent portfolio includes two issued patents and two pending patents with continuing research in progress by the Company’s founder, Glen Southard, Ph.D. and the Johns Hopkins Laboratory researchers, the results of which will also be licensed. The Company has also acquired ownership to a second patent portfolio of four pending applications with at least two additional patent applications in progress. These combined portfolios and works in progress represent current first generation products and processes based on the MIP bead technology, as well as additional anticipated second generation products and processes. Product materials, methods of manufacture, methods of using these materials, and polymer starting materials are included in the patent portfolio. [SEC Filing SB-2 09-13-07]
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Description:
The Company aims to develop commercial and industrial applications of a certain technology for the removal of certain targeted and unwanted, and usually contaminating, molecules from water.
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Officers:
Jeffery Lamberson (Pres.); Edward Hunton (Sec., Treas. & Dir.); Glen Southard (Chief Scientific Officer & Dir.); Duane Simon (Dir.); Dale Carlton (Dir.); Mark Quinn (Dir.)
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Auditor:
Williams & Webster PS
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Securities:
5,857,800 common shares outstanding as of November 12, 2007.
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