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Prospector
Profile
2-9-002
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| B2 Health, Inc. |
NAICS |
339113 |
| 7750 N. Union Blvd., # 201
Colorado Springs, CO 80920 |
Description |
Medical Eqpt. Mfg. |
| (719) 266-1544 |
Employees |
0 |
| http://www.back2healthltd.com./home.html |
Revenue |
(mil) |
0.0110 |
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Income |
(mil) |
-0.0320 |
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Assets |
(mil) |
0.0680 |
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Liability |
(mil) |
0.0240 |
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(for the year ended 2007-09-30) |
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Category:
Audit Concerns
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Event:
Ronald R. Chadwick PC expressed substantial doubt about the ability of B2 Health, Inc., to continue as a going concern after it audited the Company's financial statements for the year ended September 30, 2007. The auditor points out that the Company has suffered recurring losses from operations. The Company had a net loss of $32,082 on net sales of $10,998 for the year ended September 30, 2007, slightly higher than the $28,466 net loss on zero net sales incurred from inception through September 30, 2006. At September 30, 2007, the Company's balance sheet showed $68,840 in total assets, $24,388 in total liabilities and $44,452 in total stockholders' equity.
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Intellectual Property:
The Company has been issued a federal trademark registration for Backroller™. The Backroller Intersegmental Traction Bed passively exercises spinal muscles and massages paraspinal muscles and tissue. The Company regards its development technology and proprietary know-how and assets as being very valuable, but it has no patent protection to date. The Company relies primarily upon a combination of trade secrets and confidentiality agreements to protect its intellectual property. [SEC Filing 10-KSB 01-24-2008]
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Description:
B2 Health, Inc., through its wholly owned subsidiary, Back 2 Health, Ltd., focuses on the design, development, manufacturing and marketing of motorized physical therapy treatment beds.
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Officers:
John B. Quam (Pres.); John Overturf, Jr. (Dir.)
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Auditor:
Ronald R. Chadwick PC
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Securities:
567,500 common shares outstanding as of January 21, 2008.
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