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Copsync, Inc.
Symbol:  COYN


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Business Summary: CopSync, Inc. engages in the development of software designed to enhance productivity and quality, and to create safer work environment for the work of the public safety community through real-time, in-car, public safety offense and incident data collection and sharing.
 
Address
  2010 FM 2673
  Canyon Lake , TX 78133
  Phone: 830-964-3838
  Fax: 830-964-3873
  Website: http://www.copsync.com
Auditor
  Chisholm Bierwolf Nilson & Morrill
Transfer Agent
  Nevada Agency & Trust Co.
Employees:  20
ShareHolders:  102
Founded:  2006
Domicile:  Delaware
 
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Copsync, Inc.
Symbol:  COYN


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CopSync, Inc. engages in the development of software designed to enhance productivity and quality, and to create safer work environment for the work of the public safety community through real-time, in-car, public safety offense and incident data collection and sharing. The company offers COPsync, an integrated data collection and sharing software product that provides real-time in-car information sharing for various law enforcement officers using its product. CopSync, Inc. was founded in 2005 and is headquartered in Canyon Lake, Texas.
History:  INCORPORATED in Delaware Oct. 23, 2006, as Global Advance Corp.; name changed to Copsync, Inc. Apr. 8, 2008. On Apr. 25, 2008, the company acquired 100% of the ownership interests in PostInk Technology, LP for 25,000,005 Common shares (post split), 100,000 Series A Preferred shares and warrants to purchase 74,423,069 Common shares (post split). The acquisition agreement also called for the cancellation of 29,388,750 Common shares held by the company's existing stockholders, but only 26,638,750 shares were actually turned over for cancellation. In 2009, an additional 1,000,000 of the remaining shares were recovered by the company and were cancelled. PostInk Technology, LP was formed as a Texas limited partnership on Jan. 5, 2005.
 
Subsidiaries:
PostInk Technology, LP
 
 
 
 
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Copsync, Inc.
Symbol:  COYN


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Management
OfficersPosition
 Russell D. ChaneyChairman, Chief Financial Officer & Chief Executive Officer
 Jason Shane RappPresident, Chief Technology Officer, Treasurer & Secretary
 David  ZazoffInvestor Relations Contact

Directors
 Russell D. Chaney
 Joel  Hochberg
 Jason Shane Rapp
 
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Copsync, Inc.
Symbol:  COYN


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Capitalization as of 12/31/2009:
 
 Authorized SharesOutstanding Shares
Series A Preferred $0.0001 par100,000100,000so1
Series B Preferred $0.0001 par400,000362,500so2
Common $0.0001 par500,000,000126,086,967
 
LONG TERM DEBT: $47,692.
 
Common $0.0001 par
 
Stockholders:  03/03/2010, 102.
PRINCIPAL STOCKHOLDERS: March 15, 2010, the company's management controlled over 68.5% of the voting power.
 
Transfer Agent:  Nevada Agency & Trust Co.   Reno , NV
 
OTC Bulletin Board( Primary): COYN
 
ExchangeYearHighLow
OTC Bulletin Board20090.76000.0600
OTC Bulletin Board20081.35000.2500
 
DIVIDENDS: Common $0.0001 par: No cash. Common split 15-for-1, Apr. 28, 2008.
 
 
  so1Closely held.
  so2Each Ser. B share is convertible into 40 Common shares.
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Copsync, Inc.
Symbol:  COYN


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Annual Report
 
Income Statement
  20092008
Revenues2784
Cost of revenues69664
Gross profit(418)(60)
Operating exps.1,747527
Depr. & amort.3118
Interest income31
Interest exp.28426
Induced conversion exp.107--
Net income(2,584)(630)
Share earns. basic(0.03)(0.01)
Share earns. diluted(0.03)(0.01)
Avge. com. shs.121,494112,670
 
Balance Sheet
  20092008
Assets:
Cash & equiv.1,142209
Accts. rec., net40--
Prepaid exps.15--
Tot. curr. assets1,197209
Lease deposit11
Net property9589
Debt issuance costs17--
Software costs2,3452,127
Investments50--
Total assets3,7052,426
Liabilities:
Notes pay.485427
Pfd. divds. pay.22--
Accts. pay. & accruals50978
Defr. revenues169--
Tot. curr. liabs.1,184505
Defr. revenues364--
Long-term debt4825
Pfd. stk.NilNil
Com. stk. to be issued20--
Com. stk. 1312
Paid-in cap.6,7783,528
Accumulated deficit(4,702)(1,642)
Total liabs. and equity3,7052,426
 
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Copsync, Inc.
Symbol:  COYN


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Interim Report   
 
Data Not Available
 
 
 
 
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Copsync, Inc.
Symbol:  COYN


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Copsync, Inc.
Symbol:  COYN


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   1310,000
  2009   1Nil
  2009   260,000
  2009   38,000
  2009   4260,000
  2009   Full Year 280,000
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   Full Year 4,000
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(620,000)
  2009   4(1,170,000)
  2009   Full Year (2,580,000)
  2008   Full Year (630,000)
  2007   Full Year (570,000)
  2006   Full Year N/A
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.01)
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4(.01)
  2009   Full Year (.03)
  2008   1Nil
  2008   2(.01)
  2008   3(.01)
  2008   4Nil
  2008   Full Year (.01)
  2007   1Nil
  2007   2(.01)
  2007   3(.01)
  2007   4Nil
  2007   Full Year (.01)
 
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