 |
Prospector
Profile
114-03
|
| |
| Aprecia, Inc. |
NAICS |
511210 |
| 2010 Cabot Boulevard West, Suite F
Langhorne, PA 19047 |
Description |
Software Publisher |
| (215) 359-3300 |
Employees |
0 |
| http://www.aprecia.com/ |
Revenue |
(mil) |
0.0000 |
| |
Income |
(mil) |
-0.7620 |
| |
Assets |
(mil) |
0.1560 |
| |
Liability |
(mil) |
0.9790 |
| |
(for the year ended 2007-06-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Wolinetz Lafazan & Company PC raised substantial doubt about Aprecia, Inc.'s ability to continue as a going concern after auditing its financial statements for the year ended June 30, 2007. The Company has incurred operating losses since inception, has had no revenues and has not commenced planned principal operations. The auditor notes that the Company had a net loss of $762,986 for the year ended June 30, 2007, compared to a net loss of $210,104 for the year ended June 30, 2006. The Company's balance sheet at June 30, 2007, showed an accumulated deficit of $973,090, stockholders' deficit of $823,618 and working capital deficit of $919,338.
|
| |
|
Intellectual Property:
The Company's MonitorPlus application was designed as an industry specific application of open source induction technology for fraud detection in the thoroughbred industry. Proprietary design for user screens and user interaction were under construction while the underlying algorithm for induction is open source. [SEC Filing 10-KSB 12-13-07]
|
| |
|
Description:
Aprecia was formed to become a leading edge provider of applied artificial intelligence solutions for thoroughbred and lottery applications.
|
| |
|
Officers:
Isidore Sobkowski (Pres., CEO, Interim CFO & Dir.); Solomon Lax (Dir.)
|
| |
|
Auditor:
Wolinetz Lafazan & Company PC
|
| |
|
Securities:
Common Stock-Symbol ACIA.PK; Other OTC;
16,761,597 common shares outstanding as of June 30, 2007.
|
| |
| |
| |
| return to main page |
|
|
