OTC Bulletin Board

S & P Company Insight for TURBINE TRUCK ENGINE
 
 Profile

 
Business Summary: Turbine Truck Engines, Inc., a development stage company, focuses on the design, development, and testing of turbine truck engine technology in the United States. The company involves in developing detonation cycle gas turbine engine (DCGTE) for heavy-duty highway trucks.
 
Address
  917 Biscayne Boulevard, Suite 6
  DeLand , FL 32724
  Phone: 386-943-8358
  Fax: 386-943-6232
  Website: http://www.ttengines.com
Auditor
  Pender Newkirk & Company
Transfer Agent
  Florida Atlantic Stock Transfer Inc.
Employees:  5
ShareHolders:  387
Founded:  2000
Domicile:  Nevada
 
  
 
 Background

 
Turbine Truck Engines, Inc., a development stage company, focuses on the design, development, and testing of turbine truck engine technology in the United States. The company involves in developing detonation cycle gas turbine engine (DCGTE) for heavy-duty highway trucks. It has strategic alliances with Aerospace Machinery & Electric Co. Ltd. for the development and commercialization of the DCGTE specifically for application opportunities in the Peoples Republic of China; Tianjin Out Sky Technology, Co. Ltd. to collaborate on the engineering, technical development, and commercialization of the DCGTE for motorcycle engine applications; and Falcon Power Co. Ltd. to explore, engineer, and develop an energy application. The company was founded in 2000 and is headquartered in Deland, Florida.
History:  INCORPORATED in Nevada Feb. 20, 2008, to succeed, through conversion, a Delaware corporation of the same name (incorporated Nov. 27, 2000).
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Michael H. RouseChairman, President & Chief Executive Officer
 Rebecca A. McDonaldChief Financial Officer & Chief Accounting Officer
 Magdy  AttiaChief Technology Officer
 Phyllis J. RouseSecretary & Treasurer

Directors
 Michael H. Rouse
 Phyllis J. Rouse
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
EXPENSES
Operating Costs(1,871,243)(827,365)
Research & Development Costs(108,958)(136,088)
Interest expense, net(291,716)(19,224)
Net Income (Loss)(2,271,917)(982,677)
SUPPLEMENTARY INFO
Basic EPS - Continuing Operations(0.08)(0.05)
 
Balance Sheet
  20092008
ASSETS:
CURRENT ASSETS
Cash603,6012,857
Prepaid Expenses10,000-
Loan Costs, Net of Accumulated Amortization-4,300
Total Current Assets613,6017,157
NON CURRENT ASSETS
Furniture Equipment8,19913,001
Total Assets621,80020,158
LIABILITIES:
CURRENT LIABILITIES
Accounts Payable139,520145,579
Accrued Interest14,34913,113
Accrued Expenses-275,250
Accrued Payroll51,231-
Notes Payable500500
Due to Related Party-23,854
Total Current Liabilities205,600458,296
NON CURRENT LIABILITIES
Notes Payable to Related Party1,9011,901
Convertible Notes Payable8649,456
Accrued Royalty Fees801,500562,500
Accrued Payroll-long Term229,178386,846
Accrued Expenses269,250-
SHAREHOLDERS' EQUITY
Common Stock - Par Value39,69221,858
Additional Paid in Capital10,914,4208,099,730
(Deficit)-accumulated during Development Stage(11,563,920)(9,292,006)
Receivable for Common Stock(196,000)(167,090)
Prepaid Consulting Services Paid with Common Stock(79,908)(101,333)
Total Shareholders Equity(885,715)(1,438,841)
Total Liabilities & Shareholders Equity621,80020,158
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue
 
Data Not Available
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(660,000)
  2009   1(330,000)
  2009   2(420,000)
  2009   3(640,000)
  2009   4(880,000)
  2009   Full Year (2,270,000)
  2008   3(270,000)
  2008   4(350,000)
  2008   Full Year (980,000)
  2007   Full Year (2,470,000)
  2006   Full Year (1,470,000)
  2005   Full Year (1,070,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.02)
  2009   1(.01)
  2009   2(.02)
  2009   3(.02)
  2009   4(.02)
  2009   Full Year (.08)
  2008   1(.01)
  2008   2(.01)
  2008   3(.01)
  2008   4(.02)
  2008   Full Year (.05)
  2007   1(.05)
  2007   2(.03)
  2007   3(.03)
  2007   4(.05)
  2007   Full Year (.16)
  2006   1(.01)
  2006   2(.02)
  2006   3(.04)
  2006   4(.04)
  2006   Full Year (.12)
  2005   1(.02)
  2005   2(.04)
  2005   3(.01)
  2005   4(.02)
  2005   Full Year (.09)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par1,000,000None
Common $0.001 par99,000,00042,697,709
 
LONG TERM DEBT: $12,907.
 
Common $0.001 par
 
Stockholders:  03/31/2010, 387.
Transfer Agent:  Florida Atlantic Stock Transfer Inc.   Tamarac , FL
 
OTC Bulletin Board( Primary): TTEG
 
ExchangeYearHighLow
OTC Bulletin Board20090.90000.0600
OTC Bulletin Board20080.50000.0500
OTC Bulletin Board20071.50000.3700
OTC Bulletin Board20063.00000.3000
 
DIVIDENDS: Common $0.001 par: No cash.