OTC Bulletin Board
S & P Company Insight for ORIGINOIL, INC. |
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Profile
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| Business Summary: OriginOil, Inc., a development stage company, focuses on developing a technology to produce biofuel from algae to replace petroleum in various applications, such as diesel, gasoline, jet fuel, plastics, and solvents. | | | Address
2029 Century Park East, 14th Floor
Los Angeles
, CA 90067
Phone: 424-202-6944
Fax: 424-203-2035
Website: http://www.originoil.com
| | Auditor |
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HJ Associates & Consultants
| | Transfer Agent |
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Computershare Trust Co., Inc.
| Employees: 2
ShareHolders: 244 | Founded: 2007
Domicile: Nevada | | | |
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Background
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| OriginOil, Inc., a development stage company, focuses on developing a technology to produce biofuel from algae to replace petroleum in various applications, such as diesel, gasoline, jet fuel, plastics, and solvents. Its patent-pending technology, Quantum Fracturing, is based on the science of mass transfer and fluid fracturing. The company intends to license its technology to customers, such as fuel refiners, and chemical and oil companies. OriginOil, Inc. was founded in 2007 and is based in Los Angeles, California. | | History: INCORPORATED in Nevada June 1, 2007. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| T. Riggs Eckelberry | Chairman, President & Chief Executive Officer | | Scott Fraser | Chief Operating Officer | | Vikram M. Pattarkine | Chief Technology Officer |
| | Directors |
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| T. Riggs Eckelberry | | Ivan Ivankovich | | Adam Meislik | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| EXPENSES |
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| | Selling and Marketing Expenses | (298,034) | (20,474) | | Administrative Expenses | (964,202) | (425,421) | | Research and Development | (258,771) | (11,431) | | Depreciation and Amortization Expenses | (13,126) | - | | Interest Expense | - | (375) | | Interest Income | 3,942 | 9,698 | | Dividend Income | 23,913 | 1,805 | | Capital Gains | - | 107 | | Earnings before Taxes | (1,506,278) | (446,091) | | TAXES AND OTHER EXPENSES |
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| | Net Income (Loss) | (1,506,278) | (446,091) | | SUPPLEMENTARY INFO |
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| | Operating Income (Loss) | (1,534,133.00) | (457,326.00) | | Basic Eps-continuing Operations | (0.01) | (0.01) |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| CURRENT ASSETS |
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| | Cash and Cash Equivalents | 580,055 | 1,267,670 | | Prepaid Expenses | 16,929 | - | | Total Current Assets | 596,984 | 1,267,670 | | NON CURRENT ASSETS |
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| | Furniture and Fixtures | 27,056 | - | | Machinery, Equipment | 1,372 | - | | Computer Equipment | 17,564 | - | | Leasehold Improvements | 94,914 | - | | Accumulated Depreciation | (13,126) | - | | Trademarks | 4,467 | 4,467 | | Patents | 25,829 | 3,561 | | Security Deposit | 9,650 | 650 | | Total Assets | 764,710 | 1,276,348 | | CURRENT LIABILITIES |
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| | Accounts Payable | 17,871 | - | | Other Payables | 28,420 | 15,120 | | Accrued Expenses | 21,883 | 14,762 | | Credit Cards Payable | 2,307 | 159 | | SHAREHOLDERS' EQUITY |
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| | Common Stock-par Value | 14,418 | 14,343 | | Additional Paid in Capital | 1,827,980 | 1,678,055 | | Deficit Accumulated during the Development Stage | (1,952,369) | (446,091) | | Subscribed Share Capital-common | 804,200 | - | | Total Shareholders Equity | 694,229 | 1,246,307 | | Total Liabilities & Shareholders Equity | 764,710 | 1,276,348 |
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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 | | 2009 |
1 | 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 | | 2009 |
1 | (670,000) | | 2008 |
1 | (190,000) | | 2008 |
2 | (300,000) | | 2008 |
3 | (460,000) | | 2008 |
4 | (550,000) | | 2008 |
Full Year
| (1,510,000) | | 2007 |
Full Year
| (760,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| (.01) | | 2007 |
3 | (.02) | | 2007 |
4 | Nil | | 2007 |
Full Year
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Stock Data
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| | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.0001 par | 50,000,000 | None | | Common $0.0001 par | 500,000,000 | 144,180,050 |
| | | | LONG TERM DEBT: None. | | | | Common $0.0001 par | | | | COMMON SOLD PRIVATELY: In August 2007, the company closed on a private placement offering in which it sold an aggregate of 28,000,000 Common shares to certain accredited purchasers for aggregate gross proceeds of $420,000.
November 19, 2007, the company closed on a private placement offering in which it sold an aggregate of 14,180,050 Common shares to certain accredited purchasers for aggregate gross proceeds of $1,418,005. | | | |
Stockholders:
02/28/2009,
244.
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Transfer Agent: Computershare Trust Co., Inc.
Golden
, CO | | | | OTC Bulletin Board( Primary): OOIL | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 0.5100 | 0.1800 |
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| | | | DIVIDENDS: Common $0.0001 par: No cash. | | | | | |
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