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Prospector
Profile
3-4-005
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| GelTech Solutions, Inc. |
NAICS |
325998 |
| 1460 Park Lane South, Suite 1
Jupiter, FL 33458 |
Description |
Fire Retardant Chemical Mfg. |
| (561) 427-6144 |
Employees |
7 |
| http://www.geltechsolutions.com/ |
Revenue |
(mil) |
0.0100 |
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Income |
(mil) |
-1.3100 |
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Assets |
(mil) |
1.3400 |
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Liability |
(mil) |
0.4600 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
GelTech Solutions, Inc., had a net loss of $485,605 for the three months ended December 31, 2007, slightly higher than the $301,929 net loss reported during the three months ended December 31, 2006. For the six months ended December 31, 2007, the Company had a $917,354 net loss, slightly lower than the $1,071,971 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 $2,228,746 and stockholders' deficit of $8,637. It also has strained liquidity with $149,710 in total current assets available to pay $209,533 in total current liabilities.
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Intellectual Property:
The Company currently holds two United States patents, U.S. Patent No. 6,315,213 Method of Modifying Weather; and U.S. Patent U.S. Serial No. 7,182,778 Conforming Thermal Pack for IceWear. The Company also has three patents pending, U.S. patent application, Serial No. 11/251,005 for IceWear, a line of garments that help cool the core body temperature for individuals who work in extreme conditions; U.S. patent application, Serial No. 11/680,803 and International Patent application, Serial No. PCT/US07/63075 for FireIce, a fire suppression product; and U.S. patent application, Serial No. 11/775,512 for a sprayable form of RootGel, a moisture preservation solution that has many applications useful in the agricultural industry including water and nutrient retention in golf course maintenance, landscaping and forestry. Federal trademark applications are on file with the United States Trademark Office for the following marks: GelTech Solutions; FireIce; IceWear; RootGel; WeatherTech; and WeatherTech Innovations. [SEC Filing SB-2/A 12-20-07]
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Description:
GelTech Solutions, Inc., markets and sells one polymer-based product and intends to market and sell two additional polymer-based products that serve different markets.
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Officers:
Michael Cordani (Chair, CEO, Sec. & Treas.); Joseph Ingarra (Pres. & Dir.); Peter Cordani (Chief Technology Officer & Dir.); David Rosenfeld (CFO); Michael R. Donn, Sr. (Dir.); Phil D. OConnell, Jr. (Dir.)
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Auditor:
Sweeney Gates & Co.
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Securities:
13,312,737 common shares outstanding as of February 12, 2008.
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