 |
Prospector
Profile
3-7-002
|
| |
| Powersafe Technology Corp. |
NAICS |
423610 |
| 10 Hakneset Hagdola Street,
Tel Aviv, Israel 62917 |
Description |
Electrical Equipment Mfg. |
| 011-972-50-5501574 |
Employees |
|
|
Revenue |
(mil) |
0.0000 |
| |
Income |
(mil) |
-0.0500 |
| |
Assets |
(mil) |
0.0200 |
| |
Liability |
(mil) |
0.0100 |
| |
(for the year ended 2007-12-31) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Davis Accounting Group P.C. raised substantial doubt about Powersafe Technology Corp.'s ability to continue as a going concern after it audited the Company's financial statement for the year ended December 31, 2007. The auditing firm notes that the Company has not established any source of revenue to cover its operating costs. As such, it has incurred an operating loss since inception. Further, as of December 31, 2007, the cash resources of the Company were insufficient to meet its planned business objectives. At December 31, 2007, the Company's balance sheet showed an accumulated deficit of $46,972 and working capital deficit of $3,458.
|
| |
|
Intellectual Property:
On March 26, 2007, the Company acquired from Mr. Leonard Liner, the original patent owner, all rights, title, and interest in, including a patent, for a multiple outlet power box with selectively protected outlet logic. On April 12, 2007, the Company recorded the assignment with the United States Patent and Trademark Office. [SEC Filing 10-KSB 02-19-08]
|
| |
|
Description:
Powersafe Technology Corp. is engaged in the development of a multiple outlet power box with selectively protected outlet logic.
|
| |
|
Officers:
Einat Krasney (Pres. & Dir.); Mordechai Schwartz (Sec., Treas. & Dir.)
|
| |
|
Auditor:
Davis Accounting Group P.C.
|
| |
|
Securities:
15,075,000 common shares outstanding as of February 19, 2008.
|
| |
| |
| |
| return to main page |
|
|
