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Prospector
Profile
3-12-003
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| Purchasesoft, Inc. |
NAICS |
511210 |
| 2091 Business Center Drive, Suite 100,
Irvine, CA 92612 |
Description |
Software Publishing |
| (949) 263-0910 |
Employees |
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| http://www.purchasesoft.com/ |
Revenue |
(mil) |
0.5400 |
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Income |
(mil) |
-0.2100 |
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Assets |
(mil) |
0.2600 |
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Liability |
(mil) |
0.7500 |
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(for the year ended 2006-05-31) |
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Category:
Loss/Deficit
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Event:
Purchasesoft, Inc., reported a net loss of $43,834 for the three months ended November 30, 2006, compared with a net income of $35,734 reported during the three months ended November 30, 2005. For the six months ended November 30, 2006, the Company had a $52,678 net loss, compared with a net income of $28,351 reported during the six months ended November 30, 2005. The Company's balance sheet at November 30, 2006, showed an accumulated deficit of $44,579,363 and stockholders' deficit of $544,611. It also has strained liquidity with $196,735 in total current assets available to pay $834,111 in total current liabilities.
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Intellectual Property:
The Company relies on a combination of copyright, trademark and trade secret
laws, employee and third party nondisclosure agreements, and other industry
standard methods for protecting ownership of its proprietary software and
business practices. [SEC Filing 10-KSB 10-19-2007]
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Description:
PurchaseSoft, Inc., through its subsidiaries provides information technology solutions primarily in the United States.
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Officers:
Steven A. Flagg (Pres., CEO and Dir.); Kevin A. Yanoscik (CFO, Sec./Treas., & Dir.)
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Auditor:
Gruber & Company LLC
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Securities:
Common Stock Symbol PSFX.PK; Other OTC; 24,674,338 common shares outstanding as of May 31, 2006.
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