OTC Bulletin Board

S & P Company Insight for VISION INDUSTRIES
 
 Profile

 
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
 
  
 
 Background

 
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.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Martin  SchuermannPresident, Secretary, Treasurer, Chief Financial Officer & Chief Executive Officer

Directors
 Martin  Schuermann
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
Consulting revs.-90
Cost & exps.2,96099
Depr. & amort.15815
Other income (expense):
Gain on sale of stock-237
Gain on sale of fixed assets1-
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
  20092008
Assets:
Cash & equiv.671
Accounts receivable13--
Tot. curr. assets801
Net property655239
Intangible assets, net480514
Note receivable5-
Security deposits20-
Total assets1,240754
Liabilities:
Notes payable216260
Accts. pay. & accruals5996
Tot. curr. liabs.815266
Notes pay.-27
Com. stk. p.$0.00013729
Paid-in cap.3,817448
Deferred compensation(129)(25)
Retained earns.(3,300)9
Total stockholders' equity425461
Total liabs.1,240754
Common Shares (Thou.) 29,505
 
  
 
 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
  2009   2Nil
  2009   3Nil
  2008   290,000
  2008   Full Year 90,000
  2007   150,000
  2007   240,000
  2007   310,000
  2007   440,000
  2007   Full Year 140,000
  2006   Full Year 60,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year (3,310,000)
  2008   Full Year (20,000)
  2007   Full Year 40,000
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.04)
  2009   1(.04)
  2009   2(.03)
  2009   3(.03)
  2009   4(.02)
  2009   Full Year (.09)
  2008   1Nil
  2008   2Nil
  2008   3(.01)
  2008   4Nil
  2008   Full Year Nil
  2007   1.01
  2007   2.01
  2007   3Nil
  2007   4Nil
  2007   Full Year .01
  2006   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par500,000,00039,895,591
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20093.65000.1800
 
RECENT DIVIDENDS: Common $0.001 par: No cash.