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Prospector
Profile
2-16-003
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| Bion Environmental Technologies, Inc. |
NAICS |
562000 |
| 641 Lexington Avenue, 17th Floor
New York, NY 10022 |
Description |
Waste Mgt. Services |
| (212) 758-6622 |
Employees |
11 |
| http://www.biontech.com |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
2.5500 |
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Assets |
(mil) |
0.6400 |
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Liability |
(mil) |
5.3100 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
Bion Environmental Technologies, Inc., posted a net loss of $793,564 for the three months ended December 31, 2007, much lower than the $1,227,509 net loss reported during the three months ended December 31, 2006. For the six months ended December 31, 2007, the Company had a $62,825 net income, compared with the $1,799,944 net loss incurred during the six months ended December 31, 2006. The Company's balance sheet at December 31, 2007, showed an accumulated deficit of $72,500,901 and stockholders' deficit of $3,767,192. It also has strained liquidity with $736,296 in total current assets available to pay $3,842,663 in total current liabilities.
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Intellectual Property:
The Company owns eight United States patents, one Canadian patent and one New Zealand patent. The Company has two patent applications pending for "Low Oxygen Biologically Mediated Nutrient Removal" and "Environmentally Compatible Integrated Food and Energy Production System". The Company believes that a strong patent position is increasingly important to compete effectively in the businesses on which it is focused. It is likely that the Company will file applications for additional patents in the future. It also may become necessary or desirable in the future to obtain patent and technology licenses from other companies relating to technologies that may be employed in future products or processes. The Company generally requires all employees and consultants, including management, to sign a non-disclosure and invention assignment agreement upon employment. [SEC Filing 10-KSB 10-10-07]
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Description:
Bion Environmental Technologies, Inc., through its subsidiaries, engages in the development and testing of a second generation of its Nutrient Management Systems technology to provide waste management solutions to the agricultural industry.
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Officers:
Mark A. Smith (Pres., Interim CFO, Gen. Counsel & Dir.); Jon Northrop (Sec. & Dir.); George W. Bloom (COO); Jere Northrop (Sr. Technology Dir.); James W. Morris (Chief Technology Officer); Jeff Kapell (VP); David Mager (VP)
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Auditor:
GHP Horwarth P. C.
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Securities:
Common Stock Symbol BNET.OB; OTC BB; 8,351,030 common shares outstanding as of February 5, 2008.
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