OTC Bulletin Board
S & P Company Insight for APPLIED DNA SCIENCES |
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Profile
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| Business Summary: Applied DNA Sciences, Inc. principally develops DNA embedded biotechnology security solutions in the United States and Europe. | | | Address 25 Health Sciences Drive
Suite 113
Stony Brook
, NY 11790
Phone: 631-444-6862
Website: http://www.adnas.com
| | Auditor |
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RBSM LLP
| | Transfer Agent |
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Securities Transfer Corp.
| Employees: 13 ShareHolders: 1033 | Founded: 1983 Domicile: Nevada | | | |
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Background
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| Applied DNA Sciences, Inc. principally develops DNA embedded biotechnology security solutions in the United States and Europe. The company's SigNature DNA solution provides a means to incorporate its SigNature DNA Markers in, and then authenticate and identify a range of items, such as recovered banknotes, branded textiles and apparel products, pharmaceuticals and cosmetic products, identity cards and other secure documents, digital media, artwork and collectibles, and fine wine. Its BioMaterial GenoTyping solution refers to the development of genetic assays to distinguish between varieties or strains of biomaterials, such as cotton, wool, tobacco, fermented beverages, natural drugs, and foods that contain their own source DNA. Applied DNA Sciences was formerly known as Datalink Systems, Inc. and changed its name to Applied DNA Sciences, Inc. in 2002. The company was founded in 1983 and is headquartered in Stony Brook, New York. | | History: INCORPORATED in Nevada Apr. 20, 1998, as DCC Acquisition Corp.; and on Dec. 20, 1998, merged DataLink Capital Corp., a Florida corporation, to effect a change in domicile to Nevada. The company's name changed to ProHealth Medical Technologies, Inc. Oct. 27, 1999; and to Applied DNA Sciences, Inc. in connection with the merger, effective Oct. 31, 2002, of the company's wholly owned subsidiary, Applied DNA Sciences, Inc., into the company. The company acquired Applied DNA Sciences, Inc. (incorporated Sept. 16, 2002) on Oct. 21, 2002, for 11,000,000 Common shares.
DataLink Capital Corp., the Florida corporation, was incorporated Jan. 26, 1983, as Datalink Systems, Inc.; name changed to Datalink Capital Corp. Apr. 29, 1987, to Midland Capital Resources, Inc. Apr. 26, 1991, and to DataLink Capital Corp. Sept. 29, 1997. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| James A. Hayward | Chairman, President, Chief Executive Officer & Investor Relations Contact | | Kurt H. Jensen | Chief Financial Officer, Chief Accounting Officer & Controller | | Ming-Hwa Benjamin Liang | Secretary & Chief Technology Officer |
| | Directors |
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| James A. Hayward | | Yacov Shamash | | Sanford R. Simon | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Sales | 295,162 | 873,010 | | EXPENSES |
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| | Cost of Sales | (61,238) | (171,332) | | Selling, General and Administrative | (6,576,434) | (4,277,013) | | Research and Development | (135,405) | (145,832) | | Depreciation and Amortization | (418,128) | (434,416) | | Interest Income/expense | (1,182,695) | (2,647,315) | | Other Income/expense | 12,023,890 | - | | Earnings before Taxes | 3,945,150 | (6,802,898) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (572) | - | | Net Income (Loss) | 3,944,578 | (6,802,898) | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 233,924 | 701,678 | | Operating Income (Loss) | (6,896,043) | (4,155,583) | | Basic EPS - Continuing Operations | 0.02 | (0.04) | | Diluted EPS - Continuing Operations | 0.01 | (0.04) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| ASSETS |
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| | Cash and Cash Equivalents | 213,307 | 136,405 | | Accounts Receivables | 47,302 | 75,150 | | Prepaid Expenses | 79,436 | 83,333 | | Total Current Assets | 340,045 | 294,888 | | NON CURRENT ASSETS |
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| | Property, Plant and Equipment | 11,743 | 63,730 | | Patents | 145 | 2,494 | | Intellectual Property | 1,000,426 | 1,364,217 | | Deferred Financing Costs | 146,389 | 113,226 | | Deposits | 8,322 | 8,322 | | Total Assets | 1,507,070 | 1,846,877 | | LIABILITIES |
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| | Accounts Payable and Accrued Expenses | 843,491 | 12,821,170 | | Convertible Note Payable, Net of Unamortized Discount | 2,410,411 | 3,063,274 | | Total Current Liabilities | 3,253,902 | 15,884,440 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 275,204 | 205,359 | | Additional Paid in Capital | 141,409,700 | 133,133,400 | | Accumulated Deficit | (143,431,700) | (147,376,300) | | Total Shareholders Equity | (1,746,832) | (14,037,570) | | Total Liabilities & Shareholders Equity | 1,507,070 | 1,846,877 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 70,000 | | 2010 |
2 | 190,000 | | 2009 |
1 | 150,000 | | 2009 |
2 | 60,000 | | 2009 |
3 | 20,000 | | 2009 |
4 | 60,000 | | 2009 |
Full Year
| 300,000 | | 2008 |
1 | 120,000 | | 2008 |
2 | 210,000 | | 2008 |
3 | 250,000 | | 2008 |
4 | 290,000 | | 2008 |
Full Year
| 870,000 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | 120,000 | | 2007 |
Full Year
| 120,000 | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | 20,000 | | 2006 |
Full Year
| 20,000 | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (1,810,000) | | 2010 |
2 | (1,390,000) | | 2009 |
1 | (3,320,000) | | 2009 |
2 | 10,040,000 | | 2009 |
3 | (1,330,000) | | 2009 |
4 | (1,450,000) | | 2009 |
Full Year
| 3,940,000 | | 2008 |
1 | (2,130,000) | | 2008 |
2 | (1,330,000) | | 2008 |
3 | (1,530,000) | | 2008 |
4 | (1,820,000) | | 2008 |
Full Year
| (6,800,000) | | 2007 |
1 | (670,000) | | 2007 |
2 | (9,370,000) | | 2007 |
3 | 1,810,000 | | 2007 |
Full Year
| (13,300,000) | | 2006 |
1 | (2,440,000) | | 2006 |
2 | 3,360,000 | | 2006 |
3 | 760,000 | | 2006 |
Full Year
| (2,410,200) | | 2005 |
1 | (12,370,000) | | 2005 |
2 | (16,810,000) | | 2005 |
Full Year
| (52,610,400) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.01) | | 2010 |
2 | Nil | | 2009 |
1 | (.01) | | 2009 |
2 | .04 | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| .01 | | 2008 |
1 | (.01) | | 2008 |
2 | (.01) | | 2008 |
3 | (.01) | | 2008 |
4 | (.01) | | 2008 |
Full Year
| (.04) | | 2007 |
1 | (.01) | | 2007 |
2 | (.08) | | 2007 |
3 | (.02) | | 2007 |
4 | (.03) | | 2007 |
Full Year
| (.10) | | 2006 |
1 | (.02) | | 2006 |
2 | .03 | | 2006 |
3 | .01 | | 2006 |
4 | (.07) | | 2006 |
Full Year
| (.02) | | 2005 |
1 | (.45) | | 2005 |
2 | (.31) | | 2005 |
3 | (.04) | | 2005 |
4 | (.19) | | 2005 |
Full Year
| (.82) |
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Stock Data
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| | | Capitalization as of 09/30/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 410,000,000 | 275,204,070 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: None. | | | | Common $0.0001 par | | | |
Stockholders:
12/17/2009,
1033.
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Transfer Agent: Securities Transfer Corp.
Frisco
, TX | | | | OTC Bulletin Board( Primary): APDN | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.2100 | 0.0200 | | OTC Bulletin Board | 2008 | 0.2200 | 0.0300 | | OTC Bulletin Board | 2007 | 0.2800 | 0.0800 | | OTC Bulletin Board | 2006 | 0.3700 | 0.0700 | | OTC Bulletin Board | 2005 | 1.8300 | 0.1600 | | OTC Bulletin Board | 2004 | 3.5500 | 0.4200 | | OTC Bulletin Board | 2003 | 3.5400 | 2.0000 | | OTC Bulletin Board | 2002 | 2.5000 | 0.0500 |
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| | | | DIVIDENDS: Common $0.0001 par: None. | | | | | |
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