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| | Business Summary: DAC Technologies Group International, Inc. engages in the development, manufacture, and marketing of consumer products primarily for hunters and outdoorsmen, sportsmen, and recreational enthusiasts in the United States. | | | Address 12120 Colonel Glenn Rd Ste 6200
Little Rock
, AR 72210-2370
Phone: 800-920-0098
Fax: 501-661-9108
Website: http://www.dactec.com
| | Auditor |
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Frost, PLLC
| | Transfer Agent |
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Florida Atlantic Stock Transfer Inc.
| Employees: 12 ShareHolders: 65 | Founded: 1993 Domicile: Florida | | | |
| | DAC Technologies Group International, Inc. engages in the development, manufacture, and marketing of consumer products primarily for hunters and outdoorsmen, sportsmen, and recreational enthusiasts in the United States. Its gun cleaning and maintenance products include gun cleaning kits and rod sets that are used to clean and maintain firearms, and a line of replacement pieces for each kit. The company's hunting and camping products consist of sportsman's lighters, aluminum camping tables, and turkey hunting seats. It also offers household products comprising a line of household cleaning dusters. In addition, the company provides gun safety locks, and security and specialty safes. It sells its products through internal sales personnel and independent sales representatives to national retail chains, distributors, sporting goods retailers, gun manufacturers, and regional retail chains and sole proprietors. The company was formerly known as DAC Technologies of America, Inc. and changed its name to DAC Technologies Group International, Inc. in July 1999. DAC Technologies Group International, Inc. was founded in 1993 and is headquartered at Little Rock, Arkansas. | | History: INCORPORATED in Florida July 2, 1998, as DAC Technologies of America, Inc.; and effective Sept. 30, 1998, acquired substantially all of the assets of DAC Technologies of Arkansas, Inc. (formerly DAC Technologies of America, Inc.), which was formed as an Arkansas corporation in 1993. The company changed its name to DAC Technologies Group International, Inc. on Sept. 7, 1999. | | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 62 |
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Management
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| Officers | Position |
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| David A. Collins | Chairman, President & Chief Executive Officer | | Robert C. Goodwin | Chief Financial Officer, Chief Accounting Officer & Investor Relations Contact |
| | Directors |
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| David A. Collins | | Robert C. Goodwin | | | |
| | | | Capitalization as of 12/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 50,000,000 | 5,793,699so1 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | | COMMON OFFERED: December 31, 1998, the company, pursuant to a Rule 504 offering, sold 1,000,000 Common shares at $0.20 per share. | | | |
Stockholders:
03/17/2010,
65.
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Transfer Agent: Florida Atlantic Stock Transfer Inc.
Tamarac
, FL | | | | OTC Bulletin Board( Primary): DAAT | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.9600 | 0.2500 | | OTC Bulletin Board | 2008 | 1.0500 | 0.2700 | | OTC Bulletin Board | 2007 | 2.4800 | 0.8200 | | OTC Bulletin Board | 2006 | 2.5400 | 1.7300 | | OTC Bulletin Board | 2005 | 3.6500 | 2.1400 | | OTC Bulletin Board | 2004 | 2.9900 | 1.0900 | | OTC Bulletin Board | 2003 | 1.3000 | 0.3800 | | OTC Bulletin Board | 2002 | 2.1700 | 0.4500 | | OTC Bulletin Board | 2001 | 2.2500 | 0.4060 | | OTC Bulletin Board | 2000 | 4.5000 | 0.6880 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
so1Excl. 529,665 in treas. | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Sales, Net of Returns, and Allowances | 14,680,710 | 17,042,360 | | EXPENSES |
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| | Cost of Sales | (10,546,560) | (13,205,300) | | Selling Expenses | (1,800,138) | (1,752,243) | | General and Administrative | (1,229,859) | (1,170,951) | | Interest Expense | (201,102) | (275,507) | | Other Income | 29 | 169 | | Earnings before Taxes | 903,082 | 638,534 | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (349,527) | (281,840) | | Net Income (Loss) | 553,555 | 356,694 | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 4,134,152.00 | 3,837,066.00 | | Operating Income (Loss) | 1,104,155.00 | 913,872.00 | | Basic EPS - Continuing Operations | 0.10 | 0.06 | | Diluted EPS - Continuing Operations | 0.10 | 0.06 |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash | 430,436 | 599,103 | | Accounts Receivables | 929,082 | 495,718 | | Due from Factor | 27,592 | 1,542,918 | | Inventories | 4,479,347 | 2,742,563 | | Deferred Income Tax Asset | 11,950 | 31,019 | | Prepaid Expenses and Deferred Charges | 53,460 | 72,068 | | Total Current Assets | 5,931,867 | 5,483,389 | | NON CURRENT ASSETS |
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| | Furniture and Fixtures | 333,161 | 297,356 | | Leasehold Improvements | 57,232 | 55,323 | | Molds, Dies, and Artwork | 560,952 | 536,809 | | Accumulated Depreciation | (674,486) | (623,477) | | Notes Receivable Stockholder | 216,377 | 170,382 | | Notes Receivable-related Party | 72,518 | 72,518 | | Notes Receivable, Long-term | 20,000 | 20,000 | | Patents and Trademarks | 117,346 | 121,718 | | Deposits | 17,351 | 17,351 | | Advance to Employees | 29,658 | 28,617 | | Total Assets | 6,681,976 | 6,179,986 | | CURRENT LIABILITIES |
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| | Accounts Payable | 776,093 | 795,136 | | Accrued Expenses and Other | 145,097 | 92,850 | | Accrued Payroll & Tax Withholdings | 27,780 | 25,519 | | Notes Payable | 52,454 | 104,609 | | Income Taxes Payable | 71,166 | 89,700 | | Total Current Liabilities | 1,072,590 | 1,107,814 | | NON CURRENT LIABILITIES |
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| | Deferred Tax Liability | 79,152 | 66,574 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 6,323 | 6,323 | | Additional Paid in Capital | 1,963,102 | 1,963,102 | | Treasury Stock - Common | (401,043) | (372,124) | | Retained Earnings | 3,961,852 | 3,408,297 | | Total Shareholders Equity | 5,530,234 | 5,005,598 | | Total Liabilities & Shareholders Equity | 6,681,976 | 6,179,986 |
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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 | | 2010 |
1 | 2,010,000 | | 2009 |
1 | 3,530,000 | | 2009 |
2 | 3,140,000 | | 2009 |
3 | 3,100,000 | | 2009 |
4 | 4,910,000 | | 2009 |
Full Year
| 14,680,000 | | 2008 |
1 | 2,720,000 | | 2008 |
2 | 2,720,000 | | 2008 |
3 | 3,920,000 | | 2008 |
4 | 7,680,000 | | 2008 |
Full Year
| 17,040,000 | | 2007 |
1 | 2,840,000 | | 2007 |
2 | 2,740,000 | | 2007 |
3 | 3,380,000 | | 2007 |
4 | 5,820,000 | | 2007 |
Full Year
| 14,780,000 | | 2006 |
1 | 2,760,000 | | 2006 |
2 | 2,270,000 | | 2006 |
3 | 3,940,000 | | 2006 |
4 | 6,060,000 | | 2006 |
Full Year
| 15,480,000 | | 2005 |
1 | 2,260,000 | | 2005 |
2 | 2,260,000 | | 2005 |
3 | 3,190,000 | | 2005 |
4 | 5,630,000 | | 2005 |
Full Year
| 13,350,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (70,000) | | 2009 |
1 | 180,000 | | 2009 |
2 | 130,000 | | 2009 |
3 | 70,000 | | 2009 |
4 | 170,000 | | 2009 |
Full Year
| 550,000 | | 2008 |
1 | 40,000 | | 2008 |
2 | 10,000 | | 2008 |
3 | 80,000 | | 2008 |
4 | 220,000 | | 2008 |
Full Year
| 360,000 | | 2007 |
1 | (17,200,000) | | 2007 |
2 | 120,000 | | 2007 |
3 | 150,000 | | 2007 |
4 | 100,000 | | 2007 |
Full Year
| 340,000 | | 2006 |
1 | 200,000 | | 2006 |
2 | 210,000 | | 2006 |
3 | 340,000 | | 2006 |
Full Year
| 752,800 | | 2005 |
1 | 170,000 | | 2005 |
2 | 190,000 | | 2005 |
3 | 280,000 | | 2005 |
Full Year
| 1,180,500 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.01) | | 2009 |
1 | .03 | | 2009 |
2 | .02 | | 2009 |
3 | .01 | | 2009 |
4 | .03 | | 2009 |
Full Year
| .10 | | 2008 |
1 | .01 | | 2008 |
2 | Nil | | 2008 |
3 | .01 | | 2008 |
4 | .04 | | 2008 |
Full Year
| .06 | | 2007 |
1 | Nil | | 2007 |
2 | .02 | | 2007 |
3 | .02 | | 2007 |
4 | .02 | | 2007 |
Full Year
| .06 | | 2006 |
1 | .03 | | 2006 |
2 | .03 | | 2006 |
3 | .06 | | 2006 |
4 | Nil | | 2006 |
Full Year
| .12 | | 2005 |
1 | .03 | | 2005 |
2 | .03 | | 2005 |
3 | .05 | | 2005 |
4 | .09 | | 2005 |
Full Year
| .19 |
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