OTC Bulletin Board S & P Company Insight for SOLAR ENERGY INITIAT
Profile
	Business Summary: Solar Energy Initiatives, Inc. markets and sells solar power products, systems, and services.   Address   818 A1A North, Suite 202   Ponte Vedra Beach , FL 32082   Phone: 904-280-2669   Website: http://www.solarenergy.com Auditor   L.L. Bradford & Company Transfer Agent   OTR, Inc. Employees:  14 ShareHolders:  354 Founded:  2006 Domicile:  Delaware
Background
	Solar Energy Initiatives, Inc. markets and sells solar power products, systems, and services. It markets, sells, and designs solar power systems for residential and commercial customers; markets, sells, designs, owns, and operates solar power systems for municipal and commercial customers; and designs, develops, and manages solar parks. The company offers solar power products, including solar panels, inverters, and balance of system that convert sunlight into utility quality electricity, and solar thermal systems, which utilize the sun's radiation to heat water for homes and commercial applications. It has a collaboration agreement with Industrial Technology Research Institute to build, integrate, test, and commercialize a series of solar products and solutions. The company was formerly known as NP Capital Corp and changed its name to Solar Energy Initiatives, Inc. in September 2008. Solar Energy Initiatives, Inc. was incorporated in 2006 and is based in Ponte Vedra Beach, Florida. History:  INCORPORATED in Delaware June 20, 2006, as NP Capital Corp; name changed to Solar Energy Initiatives, Inc. Sept. 3, 2008.   Subsidiaries: Solar Energy, Inc.
Management
	Management Officers Position  Mike  Dodak President & Chief Financial Officer  David  Fann Chief Executive Officer  Thomas A. Polich Chief Operating Officer  Pete J. Wilking Chief Technology Officer  Dean C. Leischow Exec VP  Alan  Sheinwald Investor Relations Contact Directors  Everett  Airington  Pierre  Besuchet  Mike  Dodak  David  Fann  Michael  Gorton  Mark I. Lev
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Revenues, Net 3,821,610 - EXPENSES Cost of Sales (3,023,639) - Selling, General and Administrative (3,461,128) (1,587,236) Interest Expense (498,591) - Interest and Other Income 6,479 10,371 Bad Debt Related Party Note Receivable - (68,100) Earnings before Taxes (3,155,269) (1,644,965) TAXES AND OTHER EXPENSES Net Income (Loss) (3,155,269) (1,644,965) SUPPLEMENTARY INFO Gross Profit/loss 797,971.00 - Operating Income (Loss) (2,663,157.00) (1,587,236.00) Basic & Diluted EPS - Continuing Operations ($0.21) ($0.15)   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 1,005,628 366,655 Trade Receivables 22,190 - Other Receivables 168,932 - Inventory 226,412 - Prepaid Expenses and Other Current Assets 3,289 3,845 Total Current Assets 1,426,451 370,500 NON CURRENT ASSETS Fixed Assets-net 27,945 5,434 Domain Name 1,650,000 - Deposits 12,748 - Deposit on Domain Name - 25,000 Total Assets 3,117,144 400,934 CURRENT LIABILITIES Accounts Payable 718,011 - Commissions Payable 76,178 - Accrued Expenses 132,021 74,976 Due to Related Parties 188,391 31,735 Notes Payable 400,000 - Deferred Revenue 52,197 - Total Current Liabilities 1,566,798 106,711 SHAREHOLDERS' EQUITY Common Stock - Par Value 22,627 11,809 Additional Paid in Capital 7,104,896 2,298,156 Accumulated Deficit (5,111,011) (1,955,742) Common Stock Subscriptions (20,000) (60,000) Deferred Compensation (446,166) - Total Shareholders Equity 1,550,346 294,223 Total Liabilities & Shareholders Equity 3,117,144 400,934
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 1,010,000   2010   2 1,270,000   2010   3 730,000   2009   1 240,000   2009   2 520,000   2009   3 460,000   2009   4 2,600,000   2009   Full Year 3,820,000   2008   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (990,000)   2010   2 (920,000)   2010   3 (1,810,000)   2009   1 (870,000)   2009   2 (650,000)   2009   3 (690,000)   2009   4 (940,000)   2009   Full Year (3,160,000)   2008   Full Year (1,700,000)   2007   Full Year (240,000)   2006   Full Year (70,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.04)   2010   2 (.03)   2010   3 (.06)   2009   1 (.06)   2009   2 (.05)   2009   3 (.05)   2009   4 (.05)   2009   Full Year (.21)   2008   1 (.14)   2008   2 (.03)   2008   3 (.07)   2008   4 .04   2008   Full Year (.16)   2007   1 Nil   2007   2 Nil   2007   3 (.02)   2007   4 (.02)   2007   Full Year (.04)
Stock Data
	Capitalization as of 07/31/2009:     Authorized Shares Outstanding Shares Common $0.001 par 100,000,000 22,626,567   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  10/23/2009, 354. Transfer Agent:  OTR, Inc.   Portland , OR   OTC Bulletin Board( Primary): SNRY   Exchange Year High Low OTC Bulletin Board 2009 0.7000 0.1700 OTC Bulletin Board 2008 1.0000 0.1800   DIVIDENDS: Common $0.001 par: No cash.