OTC Bulletin Board

S & P Company Insight for GETFUGU INC
 
 Profile

 
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
  Marcum LLP
Transfer Agent
  Empire Stock Transfer Inc.
Employees:  33
ShareHolders:  192
Founded:  2007
Domicile:  Nevada
 
  
 
 Background

 
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:
Cellular Software Corporation
GetFugu Research, Inc.
Mobile Search Technologies, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Michael Jay SolomonChairman, Chief Financial Officer & Chief Accounting Officer
 Carl  FreerPresident
 Richard  JenkinsChief Executive Officer
 Steve  CarrollChief Technology Officer

Directors
 Alan J. Bailey
 Carl  Freer
 Michael  O'Connor
 Michael Jay Solomon
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
EXPENSES
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 Instruments816,237-
Earnings before Taxes(52,804,570)(21,802)
TAXES AND OTHER EXPENSES
Net Income (Loss)(52,804,570)(21,802)
SUPPLEMENTARY INFO
Basic and diluted EPS(0.37)Nil
 
Balance Sheet
  20092008
ASSETS
CURRENT ASSETS
Cash500-
Prepaid Expenses and Other Current Assets61,769-
Advance to Employees30,000-
Total Current Assets92,269-
NON CURRENT ASSETS
Property and Equipment, net278,287-
Total Assets370,556-
LIABILITIES
CURRENT LIABILITIES
Accounts Payable1,429,9681,625
Accrued Payroll Tax Liabilities932,267-
Accrued Stock Compensation458,333-
Accrued Expenses759,590-
Advances from Related Parties865,542-
Short-term Notes Payables300,000-
Accrued Stock Issuance Payable2,000,000-
Derivative Liability229,635-
Total Current Liabilities6,975,3351,625
SHAREHOLDERS' EQUITY
Common Stock - Par Value191,52499,840
Additional Paid in Capital33,947,520(53,215)
(Deficit)-accumulated during Development Stage(52,852,820)(48,250)
Shares Issuable, Net12,109,000-
Total Shareholders Equity(6,604,779)(1,625)
Total Liabilities & Shareholders Equity370,556-
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   1Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year (52,800,000)
  2008   Full Year (20,000)
  2007   Full Year (30,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.04)
  2009   1Nil
  2009   2(.03)
  2009   3(.14)
  2009   4(.11)
  2009   Full Year (.37)
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par500,000,000439,927,968
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20093.20000.0200
 
DIVIDENDS: Common $0.001 par: No cash. Common $0.001 par was split 12-for-1, ex-Feb. 11, 2009.