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| | Business Summary: Carbon Sciences, Inc. engages in developing GreenCarbon technology to convert the greenhouse gas and carbon dioxide into earth-friendly products. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. | | | Address 50 Castilian Dr Ste C
Santa Barbara
, CA 93117-3080
Phone: 805-690-9090
Fax: 805-879-9892
Website: http://www.carbonsciences.com
| | Auditor |
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HJ Associates & Consultants
Salt Lake City | | Transfer Agent |
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U.S. Stock Transfer Corp.
| Employees: 1 ShareHolders: 136 | Founded: 2006 Domicile: Nevada | | | |
| | Carbon Sciences, Inc. engages in developing GreenCarbon technology to convert the greenhouse gas and carbon dioxide into earth-friendly products. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company, formerly known as Zingerang, Inc., was founded in 2006 and is based in Santa Barbara, California. | | History: INCORPORATED in Nevada Aug. 25, 2006, as Zingerang, Inc.; name changed to Carbon Sciences, Inc. Apr. 9, 2007. | | | | | | | | | |
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Management
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| Officers | Position |
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| Derek Mcleish | Chairman, President, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer |
| | Directors |
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| Daniel Elenbaas | | Derek Mcleish | | Michael Stone | | | |
| | | | Capitalization as of 06/30/2008: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 500,000,000 | 148,342,000 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
03/18/2008,
136.
| | PRINCIPAL STOCKHOLDERS: March 19, 2008, Derek McLeish owned or controlled 33.6% of the Common, and Richard Travis Beifuss 6.8%. | | | |
Transfer Agent: U.S. Stock Transfer Corp.
Glendale
, CA | | | | OTC Bulletin Board( Primary): CABN | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 0.3600 | 0.1500 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| OPERATING EXPENSES |
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| | Selling & marketing expenses | 638,339 | 322,658 | | General & administrative expenses | 189,551 | 90,983 | | Research & development | 70,683 | - | | TOTAL OPERATING EXPENSES | 898,573 | 413,641 | | LOSS FROM OPERATIONS BEFORE OTHER INCOME/(EXPENSES) | (898,573) | (413,641) | | Interest income | 21,505 | - | | Interest expense | (1,611) | - | | TOTAL OTHER INCOME | 19,894 | - | | NET LOSS | $(878,679) | $(413,641) | | BASIC AND DILUTED LOSS PER SHARE | $(0.01) | $(0.00) |
| | | | Balance Sheet | |
| 2007 |
|---|
| ASSETS |
| | CURRENT ASSETS |
| | Cash | $9,539 | | Certificate of deposits | 821,505 | | Prepaid expenses | 122,488 | | TOTAL CURRENT ASSETS | 953,532 | | Net property and equipment | 68,773 | | TOTAL ASSETS | $1,022,305 | | LIABILITIES AND SHAREHOLDERS' EQUITY |
| | CURRENT LIABILITIES |
| | Accounts payable | $2,676 | | Accrued expenses | 8,074 | | TOTAL CURRENT LIABILITIES | 10,750 | | SHAREHOLDERS' EQUITY |
| | Common stock, $0.001 par value | 148,342 | | Additional paid in capital | 2,155,533 | | Accumulated deficit during the development stage | (1,292,320) | | TOTAL SHAREHOLDERS' EQUITY | 1,011,555 | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $1,022,305 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| (.01) | | 2006 |
Full Year
| Nil |
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