OTC Bulletin Board
S & P Company Insight for |
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Profile
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| Business Summary: GWS Technologies, Inc. provides wind turbines, other wind and solar products, and alternative energy solutions to the government and consumer markets. | | | Address 15455 N. Greenway-Hayden Loop, Suite C4
Scottsdale
, AZ 85260
Phone: 480-619-4747
Website: http://www.greenwindsolar.com
| | Auditor |
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Mantyla McReynolds LLC
| | Transfer Agent |
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Transfer Online, Inc.
| Employees: 9 ShareHolders: 50 | Founded: 2005 Domicile: Delaware | | | |
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Background
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| GWS Technologies, Inc. provides wind turbines, other wind and solar products, and alternative energy solutions to the government and consumer markets. The company focuses on assisting the landowners in the design, planning/zoning, and construction/installation of solar arrays on suitable properties primarily in Arizona and Texas; and supplying various materials, such as photovoltaic panels, inverters, racks, and tracking motors for these projects. It offers renewable energy product lines comprising industrial and consumer products based on alternative energy technologies, including wind turbines and solar chargers ranging from handheld devices to vertical wind turbines. GWS Technologies sells it products through direct marketing and also on an ecommerce portion of it Website, greenwindsolar.com. The company was formerly known as First Responder Products, Inc. and changed its name to GWS Technologies, Inc. in June 2008. GWS Technologies, Inc. was incorporated in 2005 and is based in Scottsdale, Arizona. | | History: INCORPORATED in Delaware Feb. 15, 2005, as Aegis Security Products Inc. Name changed to First Responder Products Inc. Apr. 26, 2005; and to GWS Technologies, Inc. July 7, 2008. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| Eric D. Johnson | Chairman | | Richard C. Reincke | President, Secretary, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer | | John M. Haytol | General Counsel | | Steven Stubblefield | Chief Technology Officer |
| | Directors |
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| Eric D. Johnson | | Richard C. Reincke | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Revenues | 1,407 | - | | EXPENSES |
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| | Cost of Goods Sold | (12,421) | - | | Professional Fees | (28,796) | (63,072) | | Consulting Fees | (5,893,220) | (617,296) | | General and Administrative | (237,693) | (841,542) | | Depreciation and Amortization | (5,793) | (9,628) | | Interest Expense | (262,843) | (348,539) | | Interest Income | 47 | 170 | | Other Income | - | 3,758 | | Loss on Disposal of Fixed Assets | - | (13,821) | | Earnings before Taxes | (6,439,312) | (1,889,970) | | TAXES AND OTHER EXPENSES |
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| | Earnings of Discontinued Operations | (161,634) | (182,293) | | Net Income (Loss) | (6,600,946) | (2,072,263) | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | (11,014.00) | - | | Operating Income (Loss) | (6,176,516.00) | (1,545,359.00) | | Basic EPS - Continuing Operations | (1.26) | (3.77) | | Basic EPS - Discontinued Operations | (0.03) | (0.36) | | Basic Earnings Per Share ? Total | (1.29) | (4.14) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash | - | 7,100 | | Accounts Receivable, Net | - | 5,945 | | Inventory | - | 127,044 | | Prepaid Expenses | 309,819 | - | | Total Current Assets | 309,819 | 140,089 | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 13,089 | 18,882 | | Total Assets | 322,908 | 158,971 | | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Expenses | 496,557 | 375,958 | | Accrued Interest Payable | 232,928 | 58,320 | | Note Payable-related Parties | 358,135 | 50,000 | | Bank Overdraft | 1,978 | - | | Notes Payable | 1,232,703 | 1,082,870 | | Total Current Liabilities | 2,322,301 | 1,567,148 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 8,105 | 610 | | Additional Paid in Capital | 10,448,920 | 4,446,683 | | Accumulated Deficit | (12,456,420) | (5,855,470) | | Total Shareholders Equity | (1,999,393) | (1,408,177) | | Total Liabilities & Shareholders Equity | 322,908 | 158,971 |
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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 | 50,000 | | 2009 |
2 | 50,000 | | 2009 |
3 | 970,000 | | 2009 |
Full Year
| Nil | | 2008 |
1 | 150,000 | | 2008 |
2 | 190,000 | | 2008 |
3 | 140,000 | | 2008 |
4 | (80,000) | | 2008 |
Full Year
| 400,000 | | 2007 |
1 | 20,000 | | 2007 |
2 | 50,000 | | 2007 |
3 | 60,000 | | 2007 |
4 | 270,000 | | 2007 |
Full Year
| 400,000 | | 2006 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (1,300,000) | | 2009 |
1 | (1,810,000) | | 2009 |
2 | (480,000) | | 2009 |
3 | (2,780,000) | | 2009 |
Full Year
| (6,440,000) | | 2008 |
1 | (350,000) | | 2008 |
2 | (290,000) | | 2008 |
3 | (370,000) | | 2008 |
4 | (600,000) | | 2008 |
Full Year
| (1,610,000) | | 2007 |
1 | (180,000) | | 2007 |
2 | (270,000) | | 2007 |
3 | (700,000) | | 2007 |
4 | (1,740,000) | | 2007 |
Full Year
| (2,890,000) | | 2006 |
Full Year
| (950,000) | | 2005 |
Full Year
| (10,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.14) | | 2009 |
1 | (.86) | | 2009 |
2 | (.20) | | 2009 |
3 | (.52) | | 2009 |
Full Year
| (1.13) | | 2008 |
1 | (.80) | | 2008 |
2 | (.60) | | 2008 |
3 | (.80) | | 2008 |
4 | (1.13) | | 2008 |
Full Year
| (.16) | | 2007 |
1 | (.40) | | 2007 |
2 | (.80) | | 2007 |
3 | (1.80) | | 2007 |
4 | (4.20) | | 2007 |
Full Year
| (7.20) | | 2006 |
1 | (.05) | | 2006 |
2 | (.10) | | 2006 |
3 | (.35) | | 2006 |
4 | (3.11) | | 2006 |
Full Year
| (3.20) |
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Stock Data
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| | | Capitalization as of 10/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 100,000,000 | 10,697,800 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
02/10/2009,
50.
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Transfer Agent: Transfer Online, Inc.
Portland
, OR | | | | OTC Bulletin Board( Primary): GWSC | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 3.8700 | 0.1000 | | OTC Bulletin Board | 2008 | 1.6000 | 0.1000 | | OTC Bulletin Board | 2007 | 2.6000 | 1.0100 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
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