OTC Bulletin Board S & P Company Insight for COATES INTERNATIONAL
Profile
	Business Summary: Coates International, Ltd. engages in the development of Coates spherical rotary valve (CSRV) system technology for use in piston-driven internal combustion engines.   Address   Highway 34 & Ridgewood Road   Wall Township , NJ 07719   Phone: 732-449-7717   Fax: 732-449-0764   Website: http://www.coatesengine.com Auditor   Weiser   New York Transfer Agent   American Stock Transfer & Trust Co. Employees:  8 ShareHolders:  783 Founded:  1988 Domicile:  Delaware
Background
	Coates International, Ltd. engages in the development of Coates spherical rotary valve (CSRV) system technology for use in piston-driven internal combustion engines. The CSRV system is designed to replace the intake and exhaust conventional poppet valves that are used in various piston-driven, automotive, truck, motorcycle, marine, and electric power generator engines. Its CSRV system technology is used in various applications, including engines for electric generators for home use, industrial complexes, and grid installations; and engines to power motorcycles, automobiles, light trucks, heavy trucks, machinery, railroads, marine engines, military equipment, light aircraft, helicopters, lawn mowers, snowmobiles, and jet skis. The company holds licensing rights for the CSRV system technology in North America, Central America, and South America. Coates International, Ltd. was founded in 1988 and is based in Wall Township, New Jersey. History:  INCORPORATED in Delaware Oct. 28, 1991, to succeed a Delaware corporation of the same name incorporated Aug. 31, 1988.     Capital Expenditures, thousand. US Dollars   Year   Amount   2006   47   2005   3   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2006   437   2005   18   2004   159
Management
	Management Officers Position  George J. Coates Chairman, President & Chief Executive Officer  Barry C. Kaye Treasurer, Chief Financial Officer & Chief Accounting Officer  William  Wolf General Counsel  Gregory  Coates Chief Technology Officer  Richard W. Evans Secretary Directors  Frank J. Adipietro, Jr.  George J. Coates  Gregory  Coates  Richard W. Evans  Barry C. Kaye  Michael J. Suchar  Hubert Richard Whitworth  Richard  Whitworth
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Research & Development Revenues 840,000 1,813,183 EXPENSES Research & Development Costs (303,552) (676,306) General and Administrative Expenses (2,186,014) (1,273,760) Depreciation and Amortization (31,900) (36,027) Interest Expense, Net (103,769) (355,771) Gain on Sale of Real Estate 978,479 1,495,224 Loss on Settlement of Litigation - (92,500) Earnings before Taxes (806,756) 874,043 TAXES AND OTHER EXPENSES Net Income (Loss) (806,756) 874,043 SUPPLEMENTARY INFO Operating Income (Loss) (702,987.00) 1,229,814.00   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 252,902 721,952 Inventories 511,189 487,549 Interest Reserve Account - Restricted 100,813 - Deferred Financing Costs 16,042 - Other Assets - 4,679 Total Current Assets 880,946 1,214,180 NON CURRENT ASSETS Property, Plant and Equipment, Net 2,282,105 39,376 Deferred Licensing Costs 68,149 72,433 Security Deposit - 197,500 Total Assets 3,231,200 1,523,489 CURRENT LIABILITIES Accounts Payable and Accrued Expenses 1,169,518 1,248,173 Mortgages and Loans Payable 1,750,000 - Due to Related Party 12,500 - Promissory Notes to Related Parties 300,000 - Convertible Notes 20,000 - Total Current Liabilities 3,252,018 1,248,173 NON CURRENT LIABILITIES Convertible Notes - 20,000 Deferred Gain on Sale of Land Building - 978,479 Preferred Stock Non Redeemable 10 - License Deposit 375,000 375,000 SHAREHOLDERS' EQUITY Common Stock - Par Value 27,550 27,313 Additional Paid in Capital 22,231,750 20,722,900 Retained Earnings (Deficit) (22,655,130) (21,848,380) Total Shareholders Equity (395,818) (1,098,163) Total Liabilities & Shareholders Equity 3,231,200 1,523,489
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   1 850,000   2009   1 300,000   2009   2 470,000   2009   4 150,000   2009   Full Year 840,000   2008   1 Nil   2008   2 700,000   2008   3 490,000   2008   4 620,000   2008   Full Year 1,810,000   2007   1 Nil   2007   2 Nil   2007   Full Year Nil   2006   4 560,000   2006   Full Year 570,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year (810,000)   2008   1 (580,000)   2008   2 80,000   2008   3 (100,000)   2008   4 1,480,000   2008   Full Year 870,000   2007   1 (620,000)   2007   2 (770,000)   2007   3 (530,000)   2007   4 (630,000)   2007   Full Year (2,540,000)   2006   Full Year (1,662,700)   2005   Full Year (1,270,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 .01   2008   Full Year Nil   2007   1 Nil   2007   2 Nil   2007   3 Nil   2007   4 Nil   2007   Full Year (.01)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 Nil   2006   Full Year (.01)   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   4 Nil   2005   Full Year Nil
Stock Data
	Capitalization as of 12/31/2009:     Authorized Shares Outstanding Shares Common $0.0001 par 1,000,000,000 275,496,253 Preferred $0.001 par 100,000,000 10,000so2   LONG TERM DEBT: None.   Common $0.0001 par   Stockholders:  03/25/2010, 783. Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): COTE   Exchange Year High Low OTC Bulletin Board 2009 1.1800 0.2400 OTC Bulletin Board 2008 0.5800 0.1100 OTC Bulletin Board 2007 4.2500 0.1000   DIVIDENDS: Common $0.0001 par: No cash.       so2Closely held. Consists of Ser. A shares.