Nelly Shishkova

INNOVATIVE PRODUCT OPPTYS (OTC:IPRU) Is Eager for the Climb

by Nelly Shishkova July 18, 2011

Innovative_Product.jpgInnovative Product Opportunities, Inc. is a product development firm organized to meet the needs of new and emerging product ideas. As of March 31 this year the company's last 10-Q report shows:

* $13.817 current assets;
* $60.970 current liabilities;
* $47.153 stockholders' deficit;
* $159.153 accumulated deficit during development stage.

Considering these numbers, as well as the other losses on the company's balance sheet, it is obvious that Innovative Product functions under a going concern. Moreover, the company doesn't have a source of revenue to cover its liabilities, nor to implement its business plan. It turns out that presently IPRU relies only on its new product to raise some capital, though it is still "at an exciting stage of design process".

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