OTC Bulletin Board S & P Company Insight for SES SOLAR INC
Profile
	Business Summary: SES Solar Inc., through its subsidiaries, engages in designing, engineering, producing, and installing solar panels or modules, and solar tiles for generating electricity. It produces and installs photovoltaic solar products for commercial, industrial, and residential use.   Address   Route de St-Julien 129   Plan-les-Ouates 1228   Phone: 41 22 884 14 84   Fax: 41 22 884 14 80   Website: http://www.societe-energie-solaire.com Auditor   BDO Visura   Zurich Transfer Agent   Interwest Transfer Co. Inc. Employees:  5 ShareHolders:  22 Founded:  2004 Domicile:  Delaware
Background
	SES Solar Inc., through its subsidiaries, engages in designing, engineering, producing, and installing solar panels or modules, and solar tiles for generating electricity. It produces and installs photovoltaic solar products for commercial, industrial, and residential use. The company's products are used by electric companies, local governmental agencies, and private house owners. SES Solar also offers engineering services for photovoltaic projects. The company was founded in 2001 and is based in Plan-les-Ouates, Switzerland. History:  INCORPORATED in Delaware Feb. 4, 2004 as The Electric Network.com, Inc. March 31, 2004, merged a Nevada company of the same name incorporated Feb. 3, 1999; and on June 19, 2006, merged with its wholly owned subsidiary Solar Energy Sources Inc. and changed its name to Solar Energy Sources Inc. August 10, 2006, merged its wholly owned subsidiary SES Solar Inc., and adopted the SES Solar Inc. title. September 27, 2006, acquired Societe d'Energie Solaire SA (SES Switzerland) in a reverse acquisition in which the company issued 10,668,000 shares of its Common shares in exchange for all of the issued and outstanding shares of SES Switzerland.   Subsidiaries: SES Prod SA Societe d'Energie Solaire SA     Capital Expenditures, thousand. US Dollars   Year   Amount   2009   2,830   2008   11,047   2007   5,260   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2009   252   2008   338   2007   427
Management
	Management Officers Position  Jean-Christophe  Hadorn President  Christiane  Erne Chief Executive Officer  Sandrine  Crisafulli Chief Operating Officer, Chief Financial Officer, Chief Accounting Officer & Controller Directors  Christiane  Erne  Daniel  Erne
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Revenues 1,336,188 33,416 EXPENSES Cost of Goods Sold (907,664) (5,417) Personnel (613,759) (532,039) Rents and Lease Expense (128,399) (181,632) Other General and Administrative Expenses (646,804) (870,643) Research and Development (251,822) (337,761) Depreciation and Amortization (66,208) (75,516) Interest Expense (40,275) (155,133) Interest Income - 45,838 Currency Translation Gain(Loss) 84,789 272,577 Gains on Sales of Assets, Net 18,797 - Earnings before Taxes (1,215,157) (1,806,310) TAXES AND OTHER EXPENSES Earnings of Discontinued Operations - 1,331,856 Net Income (Loss) (1,215,157) (474,454) SUPPLEMENTARY INFO Basic EPS - Continuing Operations (0.02) (0.03) Basic EPS - Discontinued Operations - 0.02 Basic Earnings Per Share ? Total (0.02) (0.01)   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 311,372 765,694 Receivables 12,205 12,001 Due from Related Party 92,112 90,573 Work in Progress 3,131,865 - Inventory 457,570 1,665,699 Other Current Assets 303,986 424,186 Total Current Assets 4,309,110 2,958,153 NON CURRENT ASSETS Buildings and Constructions 18,429,670 13,449,460 Accumulated Depreciation (484,026) (429,351) Property, Plant and Equipment, At Cost 646,177 600,389 Advance Payments for Machinery 385,795 379,446 Advance Payments for Certification 113,432 - Total Assets 23,400,160 16,958,100 CURRENT LIABILITIES Accounts Payable 3,452,094 526,168 Short-term Loans 3,234,172 - Construction Loans 13,111,440 9,907,190 Billings in Excess of Costs and Estimated Earnings 571,466 1,448,590 Total Current Liabilities 20,369,170 11,881,950 NON CURRENT LIABILITIES Loan Payable 218,559 918,389 Construction Loans 862,407 882,413 SHAREHOLDERS' EQUITY Common Stock - Par Value 73,081 73,081 Additional Paid in Capital 8,050,093 8,050,093 Treasury Stock - Common (23,557) - Accumulated Deficit (5,459,979) (4,244,822) Translation Adjustment (689,618) (603,005) Total Shareholders Equity 1,950,020 3,275,347 Total Liabilities & Shareholders Equity 23,400,160 16,958,100
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 1,020,000   2009   2 240,000   2009   3 40,000   2009   4 40,000   2009   Full Year 1,340,000   2008   1 Nil   2008   2 30,000   2008   3 Nil   2008   Full Year 30,000   2007   1 Nil   2007   2 1,170,000   2007   3 90,000   2007   4 90,000   2007   Full Year 1,340,000   2006   2 10,000   2006   3 150,000   2006   4 (30,000)   2006   Full Year 130,000   2005   1 390,000   2005   2 390,000   2005   3 790,000   2005   4 150,000   2005   Full Year 1,100,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   4 Nil   2009   Full Year (1,220,000)   2008   1 (210,000)   2008   2 (590,000)   2008   3 (860,000)   2008   Full Year (1,810,000)   2007   1 (390,000)   2007   2 (300,000)   2007   3 (400,000)   2007   Full Year (1,520,000)   2006   Full Year (1,240,000)   2005   Full Year (60,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.01)   2009   1 (.01)   2009   2 Nil   2009   3 Nil   2009   4 (.01)   2009   Full Year (.02)   2008   1 Nil   2008   2 (.01)   2008   3 (.01)   2008   4 Nil   2008   Full Year (.03)   2007   1 (.01)   2007   2 (.01)   2007   3 (.01)   2007   4 (.01)   2007   Full Year (.03)   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   4 (.01)   2006   Full Year (.04)   2005   1 Nil   2005   2 Nil   2005   3 Nil   2005   4 Nil   2005   Full Year Nil
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 100,000,000 72,984,168so1   LONG TERM DEBT: $1,023,930.   Common $0.001 par   Stockholders:  01/21/2010, 22. PRINCIPAL STOCKHOLDERS: January 21, 2010, Christiane Erne owned or controlled 66.2% of the Common, and SG Private Banking (Suisse) S.A. 7.1%.   Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): SESI   Exchange Year High Low OTC Bulletin Board 2009 0.4500 0.0200 OTC Bulletin Board 2008 1.2000 0.1000 OTC Bulletin Board 2007 1.4800 0.4800 OTC Bulletin Board 2006 1.7000 0.5100   DIVIDENDS: Common $0.001 par: None.       so1Excl. 97,000 in treas.