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Prospector
Profile
2-5-001
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| Inzon Corporation |
NAICS |
517212 |
| 238 Northeast 1st Avenue
Delray Beach, FL 33444 |
Description |
Telecommunications |
| (561) 279-8200 |
Employees |
2 |
| http://www.inzon.com |
Revenue |
(mil) |
0.1798 |
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Income |
(mil) |
2.2560 |
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Assets |
(mil) |
0.8386 |
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Liability |
(mil) |
2.7610 |
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(for the year ended 2007-09-30) |
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Category:
Audit Concerns
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Event:
De Joya Griffith & Company LLC, raised substantial doubt about InZon Corporation's ability to continue as a going concern after it audited the Company's financial statements for the year ended September 30, 2007. According to the auditing firm, the Company has an accumulated deficit and incurred continuing net losses from operations. The Company posted a net loss of $2,256,665 on $179,800 of sales for the year ended September 30, 2007, as compared with a net loss of $2,387,278 on $5,441,330 of sales in the prior year. At September 30, 2007, the Company's balance sheet showed an accumulated deficit of $6,038,613 and stockholders' deficit of $1,923,094. It also has strained liquidity with $37,853 in total current assets available to pay $2,761,751 in total current liabilities.
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Intellectual Property:
The Company is dependent on the proprietary software it developed and owned for the specific work of routing traffic generated by its customers and terminated at its destination. In addition, the Company’s Media division acquired the digital distribution and media broadcast software applications, existing revenue contracts and all associated intellectual property assets of SAE Group, Inc., a private digital media company. The acquired assets include SAE Group's software distribution rights, revenue streams from existing license and maintenance contracts, and all intellectual property, trademark and capital equipment. [SEC Filing 10-KSB 01-15-08]
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Description:
Inzon Corporation provides telecommunication services primarily in the United States.
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Officers:
David F. Levy (Chair); Sidney D. Camper, III (CEO); Rodney B. Mikesell (COO); Lino G. Morris(CEO, InZon Communications, Inc.); Philip Loh (Sec.); Richard Dea (CFO & Treas.)
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Auditor:
De Joya Griffith & Company LLC
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Securities:
Common Stock-Symbol IZON.OB; OTC BB; 71,235,232 common shares outstanding as of January 14, 2008.
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