OTC Bulletin Board S & P Company Insight for AMERICAN TIRE CORPOR
Profile
	Business Summary: Amerityre Corporation manufactures, markets, distributes, and sells flatfree specialty tires and tire-wheel assemblies in Nevada.   Address   1501 Industrial Road   Boulder City , NV 89005-1709   Phone: 702-294-2689   Fax: 702-294-3873   Website: http://www.amerityre.com Auditor   HJ & Associates Transfer Agent   Interwest Transfer Co. Inc. Employees:  17 ShareHolders:  500 Founded:  1995 Domicile:  Nevada
Background
	Amerityre Corporation manufactures, markets, distributes, and sells flatfree specialty tires and tire-wheel assemblies in Nevada. It offers various lines of polyurethane foam tires for bicycles, wheelchairs, and outdoor power equipment products, as well as for lawn and garden products, such as wheelbarrows and hand trucks. The company also provides tire fill materials for use in construction, industrial, and mining applications. In addition, it develops polyurethane elastomer forklift and skid steer tires for heavy-use applications; and flame retardant polyurethane foam for use as packaging material. The company was formerly known as American Tire Corporation and changed its name to Amerityre Corporation in December 1999. Amerityre Corporation was founded in 1995 and is based in Boulder City, Nevada. History:  INCORPORATED in Nevada Jan. 30, 1995, as American Tire Corp. Name changed to Amerityre Corp. Dec. 6, 2000.     Capital Expenditures, thousand. US Dollars   Year   Amount   2009   37   2008   210   2007   185   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2009   190   2008   572   2007   835
Management
	Management Officers Position  Louis M. Haynie Chairman  Michael J. Kapral, Jr. President & Chief Executive Officer  Anders A. Suarez Secretary, Chief Accounting Officer, Chief Financial Officer & Treasurer  James G. Moore, Jr. Chief Operating Officer  Elliott N. Taylor General Counsel  Sean  Collins Investor Relations Contact Directors  Gary N. Benninger  Francis E. Dosal  Steve M. Hanni  Louis M. Haynie  Henry D. Moyle, Jr.  Timothy L. Ryan  Wesley G. Sprunk  Gary M. Tucker
Annual Report
	Annual Report   Income Statement   2009 2008 2007 REVENUES Products 2,796,095 2,617,337 2,620,587 Licenses 33,333 210,000 266,667 Equipment 372,161 62,690 540,000 Total Revenues 3,201,589 2,890,027 3,427,254 EXPENSES Products (1,994,930) (1,855,160) (1,826,668) Equipment (332,512) (65,236) (556,677) Consulting (355,209) (393,392) (286,274) Selling, General and Administrative (3,586,412) (4,141,411) (4,655,456) Research and Development (190,030) (572,097) (834,647) Depreciation and Amortization (258,311) (294,252) (379,127) Interest Income 38,571 206,053 101,290 Miscellaneous Income/expense (3,475) 2,970 7,314 Loss on Sale and Impairment of Assets (143,180) (926) (4,831) Earnings before Taxes (3,623,899) (4,223,424) (5,007,822) TAXES AND OTHER EXPENSES Net Income (Loss) (3,623,899) (4,223,424) (5,007,822) SUPPLEMENTARY INFO Gross Profit/loss 874,147.00 969,631.00 1,043,909.00 Operating Income (Loss) (3,658,995) (4,432,447) (5,116,426) Basic & Diluted EPS - Continuing Operations (0.15) (0.18) (0.23)   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 28,634 1,701,191 Accounts Receivable, Net 480,433 494,690 Inventory 642,087 819,403 Prepaid and Other Current Assets 28,486 140,241 Deposit on Equipment 89,721 147,047 Total Current Assets 1,269,361 3,302,572 NON CURRENT ASSETS Construction in Progress - 7,564 Furniture and Fixtures 100,142 100,142 Equipment 2,901,413 2,901,620 Molds and Models 536,345 495,214 Leasehold Improvements 162,683 162,683 Software 286,046 286,046 Accumulated Depreciation (3,058,271) (2,831,691) Patent and Trademark, Net 601,774 658,534 Deposits 71,568 71,568 Total Assets 2,871,061 5,154,252 CURRENT LIABILITIES Accounts Payable 464,309 212,467 Accrued Expenses 247,554 111,205 Related-party Convertible Note 310,000 - Deferred Revenue-special Projects 6,787 9,451 Total Current Liabilities 1,028,650 333,123 SHAREHOLDERS' EQUITY Common Stock - Par Value 26,231 23,427 Additional Paid in Capital 56,897,610 56,275,160 Retained Deficit (54,643,220) (51,019,320) Notes Receivable (438,206) (399,329) Accrued Interest on Note Receivable - (25,480) Deferred Consulting and Directors Compensation - (33,331) Total Shareholders Equity 1,842,411 4,821,129 Total Liabilities & Shareholders Equity 2,871,061 5,154,252
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 1,140,000   2010   2 750,000   2010   3 880,000   2009   1 850,000   2009   2 710,000   2009   3 770,000   2009   4 860,000   2009   Full Year 3,200,000   2008   1 660,000   2008   2 530,000   2008   3 830,000   2008   4 860,000   2008   Full Year 2,890,000   2007   1 640,000   2007   2 600,000   2007   3 720,000   2007   4 1,470,000   2007   Full Year 3,430,000   2006   1 440,000   2006   2 300,000   2006   3 570,000   2006   4 720,000   2006   Full Year 2,030,000   2005   1 340,000   2005   2 300,000   2005   3 490,000   2005   4 550,000   2005   Full Year 1,680,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (280,000)   2010   2 (460,000)   2010   3 (330,000)   2009   1 (1,050,000)   2009   2 (990,000)   2009   3 (680,000)   2009   4 (900,000)   2009   Full Year (3,620,000)   2008   1 (1,090,000)   2008   2 (1,030,000)   2008   3 (1,010,000)   2008   4 (1,100,000)   2008   Full Year (4,220,000)   2007   1 (1,200,000)   2007   2 (1,250,000)   2007   3 (1,510,000)   2007   4 (1,050,000)   2007   Full Year (5,010,000)   2006   1 (1,210,000)   2006   2 (1,330,000)   2006   3 (1,520,000)   2006   4 (1,270,000)   2006   Full Year (5,324,200)   2005   1 (7,160,000)   2005   2 (860,000)   2005   3 (990,000)   2005   Full Year (10,073,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.01)   2010   2 (.01)   2010   3 (.01)   2009   1 (.04)   2009   2 (.04)   2009   3 (.03)   2009   4 (.03)   2009   Full Year (.15)   2008   1 (.05)   2008   2 (.04)   2008   3 (.04)   2008   4 (.05)   2008   Full Year (.18)   2007   1 (.06)   2007   2 (.06)   2007   3 (.07)   2007   4 (.05)   2007   Full Year (.23)   2006   1 (.06)   2006   2 (.07)   2006   3 (.07)   2006   4 (.06)   2006   Full Year (.26)   2005   1 (.38)   2005   2 (.05)   2005   3 (.05)   2005   4 (.05)   2005   Full Year (.53)
Stock Data
	Capitalization as of 06/30/2009:     Authorized Shares Outstanding Shares Preferred $0.001 par 5,000,000 None Common $0.001 par 40,000,000 26,233,644   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  09/11/2009, 500. PRINCIPAL STOCKHOLDERS: September 25, 2009, Henry D. Moyle owned or controled 6.5% of the Common.   Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): AMTY   Exchange Year High Low OTC Bulletin Board 2010 0.0000 0.0000 Nasdaq Capital Market 2009 1.0000 0.1700 Nasdaq Capital Market 2008 2.8500 0.0100 Nasdaq Capital Market 2007 5.4000 1.4000 Nasdaq Capital Market 2006 9.5600 3.5300 OTC Bulletin Board 2005 8.1000 4.1500 OTC Bulletin Board 2004 12.9500 5.8000 OTC Bulletin Board 2003 7.0000 1.9200 OTC Bulletin Board 2002 4.0200 1.7000 OTC Bulletin Board 2001 5.8750 1.7500   DIVIDENDS: Common $0.001 par: None.