OTC Bulletin Board
S & P Company Insight for GETFUGU INC |
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Profile
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| Business Summary: GetFugu, Inc., a development stage company, focuses on developing mobile search tools. Its application enables consumers to retrieve content and eliminate the need to type a Website address or search term into a browser. | | | Address 8560 W. Sunset Blvd., 7th Floor
West Hollywood
, CA 90069
Phone: 424-354-4800
Website: http://www.getfugu.com
| | Auditor |
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Marcum LLP
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Empire Stock Transfer Inc.
| Employees: 33 ShareHolders: 192 | Founded: 2007 Domicile: Nevada | | | |
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Background
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| GetFugu, Inc., a development stage company, focuses on developing mobile search tools. Its application enables consumers to retrieve content and eliminate the need to type a Website address or search term into a browser. GetFugu's products under development include ARL, which recognizes logos and products through mobile phone camera; VRL through which consumer could speak into the phone to retrieve content; GRL designed to work with the GPS systems of mobile phones; and Hotspotting, a mobile ecommerce tool that enables the consumer to purchase or retrieve information featured in the video by touching it on the screen. It has a strategic development agreement with InterKnowlogy. The company was formerly known as Madero, Inc. and changed its name to GetFugu, Inc. on March 25, 2009. GetFugu, Inc. was founded in 2007 and is based in West Hollywood, California. | | History: INCORPORATED in Nevada Mar. 14, 2007, as Madero, Inc.; name changed to GetFugu, Inc. Mar. 25, 2009. | | | | Subsidiaries: |
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Cellular Software Corporation GetFugu Research, Inc. Mobile Search Technologies, Inc.
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Management
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Management
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| Officers | Position |
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| Michael Jay Solomon | Chairman, Chief Financial Officer & Chief Accounting Officer | | Carl Freer | President | | Richard Jenkins | Chief Executive Officer | | Steve Carroll | Chief Technology Officer |
| | Directors |
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| Alan J. Bailey | | Carl Freer | | Michael O'Connor | | Michael Jay Solomon | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| EXPENSES |
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| | Compensation and Related Benefits | (9,005,021) | - | | Occupancy and Related Costs | (191,103) | - | | Marketing | (997,402) | - | | Office and Other | (425,505) | (21,802) | | Legal & Professional Fees | (1,135,201) | - | | Consulting and Outside Services | (36,822,290) | - | | Travel and Entertainment | (666,134) | - | | Research and Development | (4,360,944) | - | | Depreciation | (17,212) | - | | Gain on Derivative Financial Instruments | 816,237 | - | | Earnings before Taxes | (52,804,570) | (21,802) | | TAXES AND OTHER EXPENSES |
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| | Net Income (Loss) | (52,804,570) | (21,802) | | SUPPLEMENTARY INFO |
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| | Basic and diluted EPS | (0.37) | Nil |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| ASSETS |
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| | CURRENT ASSETS |
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| | Cash | 500 | - | | Prepaid Expenses and Other Current Assets | 61,769 | - | | Advance to Employees | 30,000 | - | | Total Current Assets | 92,269 | - | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 278,287 | - | | Total Assets | 370,556 | - | | LIABILITIES |
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| | CURRENT LIABILITIES |
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| | Accounts Payable | 1,429,968 | 1,625 | | Accrued Payroll Tax Liabilities | 932,267 | - | | Accrued Stock Compensation | 458,333 | - | | Accrued Expenses | 759,590 | - | | Advances from Related Parties | 865,542 | - | | Short-term Notes Payables | 300,000 | - | | Accrued Stock Issuance Payable | 2,000,000 | - | | Derivative Liability | 229,635 | - | | Total Current Liabilities | 6,975,335 | 1,625 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 191,524 | 99,840 | | Additional Paid in Capital | 33,947,520 | (53,215) | | (Deficit)-accumulated during Development Stage | (52,852,820) | (48,250) | | Shares Issuable, Net | 12,109,000 | - | | Total Shareholders Equity | (6,604,779) | (1,625) | | Total Liabilities & Shareholders Equity | 370,556 | - |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| 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 | Nil | | 2008 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| (52,800,000) | | 2008 |
Full Year
| (20,000) | | 2007 |
Full Year
| (30,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.04) | | 2009 |
1 | Nil | | 2009 |
2 | (.03) | | 2009 |
3 | (.14) | | 2009 |
4 | (.11) | | 2009 |
Full Year
| (.37) | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil |
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Stock Data
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| | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 500,000,000 | 439,927,968 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
04/15/2010,
192.
| | PRINCIPAL STOCKHOLDERS: April 15, 2010, Carl Freer owned or controlled 22.0% of the Common, and Steve Carroll 20.7%. | | | |
Transfer Agent: Empire Stock Transfer Inc.
Henderson
, NV | | | | OTC Bulletin Board( Primary): GFGU | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 3.2000 | 0.0200 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common $0.001 par was split 12-for-1, ex-Feb. 11, 2009. | | | | | |
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