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Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Business Summary: Electronic Control Security, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of electronic security and lighting systems for high threat environments worldwide.   Address   790 Bloomfield Avenue   Building C Suite 1   Clifton , NJ 07012-0677   Phone: 973-574-8555   Website: http://www.anti-terrorism.com Transfer Agent   Continental Stock Transfer & Trust Co. Employees:  21 ShareHolders:  195 Founded:  1976 Domicile:  New Jersey      S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Electronic Control Security, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of electronic security and lighting systems for high threat environments worldwide. It offers integrated security systems, including computer-based command, control, and communications networks; intrusion detection systems; video motion detection and assessment systems; electronic surveillance systems; ordnance flash detection systems; environmental monitoring systems; and computer intrusion detection equipment. The company also provides consulting services, which consist of risk assessment and vulnerability studies to ascertain a customer's security requirements in developing risk management and mitigation program; product design and engineering services; and support systems integrators and dealer installers. It serves national and local government, chemical and petro-chemical, and energy facilities, as well as commercial transportation centers, border security and border crossing inspection stations, and water and agricultural resources. The company was founded in 1976 and is headquartered in Clifton, New Jersey. History:  INCORPORATED in New Jersey June 28, 1976 as Environmental Conservation Systems, Inc. Name changed to Electronic Control Security, Inc. June 24, 1986.   Subsidiaries: ECSI International, Inc. ECSI-DSA, Inc. ECSI-FOIDS, Inc. SEM Consultants III, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2007   128   2006   94   2005   96   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2007   141   2006   207   2005   286      S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Management Officers Position  Arthur  Barchenko Chairman, President, Chief Accounting Officer, Chief Financial Officer & Chief Executive Officer  Mark R. Barchenko Chief Operating Officer  Natalie  Barchenko Secretary, Treasurer & Investor Relations Contact  Lil  Tsipouras Controller Directors  Arthur  Barchenko  Natalie  Barchenko  Gordon E. Fornell  Stephen O. Rossetti  Edward  Snow  Ron  Thomas      S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version   Capitalization as of 06/30/2007:     Authorized Shares Outstanding Shares Series A Conv. Preferred $0.01 par 5,000,000 325,000so1 Series B Conv. Preferred $0.001 par 2,000 791so2 Common $0.001 par 30,000,000 9,640,267so3   LONG TERM DEBT: $405,814.   Common $0.001 par   Stockholders:  09/25/2007, 195. Transfer Agent:  Continental Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): EKCS   Exchange Year High Low OTC Bulletin Board 2007 1.1300 0.3300 OTC Bulletin Board 2006 1.1500 0.3300 OTC Bulletin Board 2005 2.5000 0.8500 OTC Bulletin Board 2004 3.2000 0.5900 OTC Bulletin Board 2003 1.8000 0.2600 OTC Bulletin Board 2002 3.1000 0.4200 OTC Bulletin Board 2001 3.0000 0.2500 OTC Bulletin Board 2000 2.2500 0.3700 OTC Bulletin Board 1999 0.5000 0.0620 OTC Bulletin Board 1998 0.3750 0.0100   DIVIDENDS: Common $0.001 par: No cash. 5% stock Oct. 15, 2001.       so1Closely held. Liquidation preference, $2 per share plus dividends. Each 0.88 share is convertible into one Common share.   so2Closely held. Liquidation preference, $1,000 per share plus dividends. Each share is convertible into 1,000 Common shares.   so3Excl. 100,000 in treas.    S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Annual Report   Income Statement   2007 2006 Revenues $5,600,598 $8,822,090 Cost of revenues 4,092,450 7,638,097 Gross profit 1,508,148 1,183,993 Research and development 141,256 207,048 Selling, general and administrative expenses 1,848,297 2,373,729 Stock based compensation 123,705 150,337 Loss from operations (605,110) (1,547,121) Other (income) expense Interest expense 432,505 211,238 Interest income -- (2,638) Minority interest in subsidiary loss (4,464) (37,802) Amortization of beneficial conversion feature on convertible debt 71,714 18,186 Total other (income) expense 499,755 188,984 Net loss before dividends (1,104,865) (1,736,105) Dividends related to convertible preferred stock 100,050 285,903 Net loss attributable to common shareholders $(1,204,915) $(2,022,008) Net loss per share: Basic ($0.14) ($0.24) Diluted ($0.14) ($0.24) Weighted average number of common shares 8,820,450 8,384,312   Balance Sheet   2007 2006 ASSETS Current assets Cash and cash equivalents $58,107 $25,013 Accounts receivable, current portion, net of allowance 919,671 1,360,309 Accounts receivable, retainage 797,888 973,967 Inventories 2,161,549 2,303,889 Other current assets 358,122 231,980 Total current assets 4,295,337 4,895,158 Property, equipment and software development costs - net 448,470 396,827 Intangible assets - net 1,281,612 1,364,857 Accounts receivables, non-current portion 73,923 308,148 Goodwill 50,000 50,000 Deferred income taxes 442,300 478,300 Other assets 156,614 180,627 Total assets $6,748,256 $7,673,917 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $1,982,336 $1,958,123 Short-term debt -- 518,866 Current maturities of long-term debt 100,841 33,000 Payroll taxes payable 799 21,314 Total current liabilities 2,083,976 2,531,303 Noncurrent liabilities Long-term debt 35,831 21,160 8% Convertible debentures 369,983 546,770 Due to officers and shareholders 622,655 616,423 Deferred income taxes 48,500 84,500 Total liabilities 3,160,945 3,800,156 Shareholders' equity Series A Convertible Preferred stock, cumulative, $.01 par value, 325,000 shares 3,250 3,250 Series B 10% Convertible Preferred stock, cumulative, $.001 par value, 791 shares 1 1 Common Stock, $.001 par value, 9,640,267 and 8,723,601 shares 9,740 8,823 Additional paid-in capital 12,118,260 11,200,712 Accumulated deficit (8,538,730) (7,333,815) Accumulated other comprehensive income 4,790 4,790 Treasury stock, at cost, 100,000 shares (10,000) (10,000) Total shareholders' equity 3,587,311 3,873,761 Total liabilities $6,748,256 $7,673,917      S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   Electronic Control Security, Inc. Symbol:  EKCS Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   2 330,000   2008   3 440,000   2007   1 2,720,000   2007   2 1,050,000   2007   3 700,000   2007   Full Year 5,600,000   2006   1 1,520,000   2006   2 2,540,000   2006   3 980,000   2006   Full Year 8,820,000   2005   1 960,000   2005   2 1,000,000   2005   3 3,350,000   2005   Full Year 5,970,000   2004   1 630,000   2004   2 380,000   2004   3 450,000   2004   Full Year 2,060,000   2003   1 810,000   2003   2 1,170,000   2003   3 3,230,000   2003   Full Year 4,350,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   2 (410,000)   2008   3 0   2007   1 (200,000)   2007   2 (20,000)   2007   3 (210,000)   2007   Full Year (1,100,000)   2006   1 (360,000)   2006   2 (70,000)   2006   3 (610,000)   2006   Full Year (1,736,100)   2005   1 (190,000)   2005   2 (220,000)   2005   3 (310,000)   2005   Full Year (122,200)   2004   1 (100,000)   2004   2 (380,000)   2004   3 (160,000)   2004   Full Year (1,118,700)   2003   1 (80,000)   2003   2 0   2003   3 (330,000)   2003   Full Year (559,300)     Quarterly EPS, US$ Year Quarter Revenue   2008   2 (.04)   2008   3 Nil   2007   1 (.03)   2007   2 (.01)   2007   3 (.03)   2007   Full Year (.14)   2006   1 (.07)   2006   2 (.01)   2006   3 (.07)   2006   Full Year (.24)   2005   1 (.04)   2005   2 (.04)   2005   3 (.07)   2005   Full Year (.05)   2004   1 (.02)   2004   2 (.09)   2004   3 (.03)   2004   Full Year (.49)   2003   1 (.05)   2003   2 Nil   2003   3 (.08)   2003   Full Year (.16)      S & P Disclaimer