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| | Business Summary: Vision Industries Corp. intends to market zero-emission vehicles. The company's products will include the Cheetah, a high performance hydrogen powered Supercar, and the Tyrano Freightliner, a short haul drayage class 8 truck. | | | Address
2601 Ocean Park Blvd., Suite 110
Santa Monica
, CA 90405
Phone: 310-454-5658
Website: http://www.visionmotorcorp.com
| | Auditor |
|---|
Randall N. Drake, CPA, PA
| | Transfer Agent |
|---|
Island Stock Transfer
| Employees: 8
ShareHolders: 207 | Founded: 2004
Domicile: Florida | | | |
| | Vision Industries Corp. intends to market zero-emission vehicles. The company's products will include the Cheetah, a high performance hydrogen powered Supercar, and the Tyrano Freightliner, a high power short haul drayage class 8 truck for sale to both the end-user consumer market as well as to the original equipment manufacturers dealer networks. According to Vision, both of these vehicles will feature superior performance, zero emissions and reduced operating costs.
The company intends to assemble and market the Cheetah, a 425 HP, 1,350 FT/LB of torque, zero emission Supercar powered by the proprietary Vision hydrogen drive system. This hydrogen/electric hybrid drive system reduces dependence on gasoline, and eliminates pollution associated with burning fossil fuels.
The company also intends to manufacture, market and distribute an electric/hydrogen hybrid powered class 8 truck assembled on behalf of Vision by L. A. Freightliner. These trucks are designed to replace short haul class 8 (80,000 lb. GVW) diesel trucks that operate in and around the Ports of Long Beach and Los Angeles. The trucks will be powered by a proprietary 402 HP, 3,200 FT/LB of torque, zero emission hydrogen/electric drive system.
The company classifies its business operations into two reportable segments, Cheetah and Tyrano, which represent complementary businesses that will be managed jointly. The manufacture and assembly will be outsourced with the company's main function to remain as an engineering company. | | History: INCORPORATED in Florida May 11, 2004, as Cheetah Consulting, Inc.; name changed to Vision Industries Corp. Dec. 30, 2008. | | | | | | | | | |
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Management
|
|---|
| Officers | Position |
|---|
| Martin Schuermann | President, Secretary, Treasurer, Chief Financial Officer & Chief Executive Officer |
| | Directors |
|---|
| Martin Schuermann | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 500,000,000 | 39,895,591 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
12/31/2009,
207.
| | PRINCIPAL STOCKHOLDERS: December 31, 2009, Lawrence Weisdorn owned or controlled about 45% of the Common, and Donald Hejmanowski 22%. | | | |
Transfer Agent: Island Stock Transfer
St. Petersburg
, FL | | | | OTC Bulletin Board( Primary): VIIC | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 3.6500 | 0.1800 |
|
| | | | RECENT DIVIDENDS: Common $0.001 par: No cash. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
|---|
| Consulting revs. | - | 90 | | Cost & exps. | 2,960 | 99 | | Depr. & amort. | 158 | 15 | | Other income (expense): |
|
| | Gain on sale of stock | - | 237 | | Gain on sale of fixed assets | 1 | - | | Interest income | - | 167 | | Income tax expense | (1) | - | | Interest expense | (172) | 3 | | Loss on assignment of fixed assets | (18) | - | | Loss on foreign currency translation | (1) | - | | Net income | (3,309) | (26) | | Share earns. basic | (0.09) | Nil | | Share earns. diluted | (0.09) | Nil |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| Assets: |
|
| | Cash & equiv. | 67 | 1 | | Accounts receivable | 13 | -- | | Tot. curr. assets | 80 | 1 | | Net property | 655 | 239 | | Intangible assets, net | 480 | 514 | | Note receivable | 5 | - | | Security deposits | 20 | - | | Total assets | 1,240 | 754 | | Liabilities: |
|
| | Notes payable | 216 | 260 | | Accts. pay. & accruals | 599 | 6 | | Tot. curr. liabs. | 815 | 266 | | Notes pay. | - | 27 | | Com. stk. p.$0.0001 | 37 | 29 | | Paid-in cap. | 3,817 | 448 | | Deferred compensation | (129) | (25) | | Retained earns. | (3,300) | 9 | | Total stockholders' equity | 425 | 461 | | Total liabs. | 1,240 | 754 | | Common Shares (Thou.) |
| 29,505 |
| | | |
| | Interim Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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|---|
| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2008 |
2 | 90,000 | | 2008 |
Full Year
| 90,000 | | 2007 |
1 | 50,000 | | 2007 |
2 | 40,000 | | 2007 |
3 | 10,000 | | 2007 |
4 | 40,000 | | 2007 |
Full Year
| 140,000 | | 2006 |
Full Year
| 60,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| (3,310,000) | | 2008 |
Full Year
| (20,000) | | 2007 |
Full Year
| 40,000 |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (.04) | | 2009 |
1 | (.04) | | 2009 |
2 | (.03) | | 2009 |
3 | (.03) | | 2009 |
4 | (.02) | | 2009 |
Full Year
| (.09) | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | (.01) | | 2008 |
4 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | .01 | | 2007 |
2 | .01 | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| .01 | | 2006 |
Full Year
| Nil |
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