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
OfficersPosition
 Mike  DodakPresident & Chief Financial Officer
 David  FannChief Executive Officer
 Thomas A. PolichChief Operating Officer
 Pete J. WilkingChief Technology Officer
 Dean C. LeischowExec VP
 Alan  SheinwaldInvestor Relations Contact

Directors
 Everett  Airington
 Pierre  Besuchet
 Mike  Dodak
 David  Fann
 Michael  Gorton
 Mark I. Lev
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
REVENUES
Revenues, Net3,821,610-
EXPENSES
Cost of Sales(3,023,639)-
Selling, General and Administrative(3,461,128)(1,587,236)
Interest Expense(498,591)-
Interest and Other Income6,47910,371
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/loss797,971.00-
Operating Income (Loss)(2,663,157.00)(1,587,236.00)
Basic & Diluted EPS - Continuing Operations($0.21)($0.15)
 
Balance Sheet
  20092008
CURRENT ASSETS
Cash and Cash Equivalents1,005,628366,655
Trade Receivables22,190-
Other Receivables168,932-
Inventory226,412-
Prepaid Expenses and Other Current Assets3,2893,845
Total Current Assets1,426,451370,500
NON CURRENT ASSETS
Fixed Assets-net27,9455,434
Domain Name1,650,000-
Deposits12,748-
Deposit on Domain Name-25,000
Total Assets3,117,144400,934
CURRENT LIABILITIES
Accounts Payable718,011-
Commissions Payable76,178-
Accrued Expenses132,02174,976
Due to Related Parties188,39131,735
Notes Payable400,000-
Deferred Revenue52,197-
Total Current Liabilities1,566,798106,711
SHAREHOLDERS' EQUITY
Common Stock - Par Value22,62711,809
Additional Paid in Capital7,104,8962,298,156
Accumulated Deficit(5,111,011)(1,955,742)
Common Stock Subscriptions(20,000)(60,000)
Deferred Compensation(446,166)-
Total Shareholders Equity1,550,346294,223
Total Liabilities & Shareholders Equity3,117,144400,934
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   11,010,000
  2010   21,270,000
  2010   3730,000
  2009   1240,000
  2009   2520,000
  2009   3460,000
  2009   42,600,000
  2009   Full Year 3,820,000
  2008   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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$
YearQuarterRevenue
  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   1Nil
  2007   2Nil
  2007   3(.02)
  2007   4(.02)
  2007   Full Year (.04)
 
  
 
 Stock Data

 
 
Capitalization as of 07/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par100,000,00022,626,567
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  10/23/2009, 354.
Transfer Agent:  OTR, Inc.   Portland , OR
 
OTC Bulletin Board( Primary): SNRY
 
ExchangeYearHighLow
OTC Bulletin Board20090.70000.1700
OTC Bulletin Board20081.00000.1800
 
DIVIDENDS: Common $0.001 par: No cash.