Martinas B.

Advanced Optics Electronics Inc. (ADOT) – 11-year-old company with a poor performance

by Martinas B. July 11, 2007
adot-logo.jpgAnother poor player in the stock market. With 11 years old experience Advanced Optics Electronics Inc. (ADOT) struggles to rock the boat.

The financial condition

Research and development expenses consist primarily of consulting fees associated with the development and enhancement of their flat panel displays.

These expenses increased to $471,807 in the three month period ended March 31, 2007 from $128,093 in the first quarter of 2006. This significant change is the result of increased outside consulting costs for Biomoda.

General and administrative costs increased to $1,239,983 in the first quarter of 2007 from $447,967 in the prior year.

According to the company, the primary reason for the increase is significantly lower shareholder relations expense. The costs associated with being a publicly traded company and potential future strategic acquisitions will also be a contributing factor to increases in this expense.

Biomoda, Inc. is relying on a bridge financing arrangement with Advanced Optics Electronics, Inc. Biomoda is currently leasing Laboratory equipment from Advanced Optics Electronics, Inc. On a month to month basis and intends to purchase this equipment when adequate funds are raised.

Biomoda has recorded no revenue from its inception through March 31, 2007. The accumulated deficit is $6,603,987. In 2007, the net loss for the three month period ended March 31 was $1,695,430 compared to $268,763 in 2006. The loss from operations was $1,676,234 in 2007 and $244,207 in 2006. Most of its expense was attributable to general and administrative costs.

Biomoda's total assets are $241,396 at March 31, 2007. Of this, $231,490 is patent costs, net of accumulated amortization of $93,168.

Its liabilities of $2,903,411 primarily consist of its debt to Advanced Optics of $2,091,928 and payables and accrued liabilities of $626,736. Total stockholders' deficit as of March 31, 2007 is $2,662,015.

The Product


Founded in 1996, Advanced Optics Electronics, Inc., a development stage company, engages in the research and development of products based on image display and recognition technology.

Its products under development include flat panel displays for the outdoor advertising billboard industry; and color recognition optical devices for the blind and visually impaired.

The company, through its interest in Biomoda, Inc., also focuses on development of technology for the early detection of lung cancer. The company is headquartered in Albuquerque, New Mexico.

adot-chart.jpg


On a one year chart history it make s more than clear about the stock quality of this company. As of today the company stock was traded at $0.0001.

The company had 16,618,836,349 shares of common stock, $.01 par value, outstanding at May 18, 2007, which puts the company's market cap to $1.66 million.

Key executives of Advanced Optics Electronics Inc. (ADOT)

NameAgePosition
Daniel Pierpont Sr. Financial Analyst
John J. Cousins 50 Chief Financial Officer, Principal Accounting Officer, VP of Fin. and Treasurer
Leslie S. Robins68 Chairman, Principal Exec. Officer, Exec. VP and Sec.
Michael Pete62 Pres

A few References

http://www.adot.org
http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=ADOT&selected=ADOT

Comments 9

1. Guest
April 10, 2018, 01:47PM

Quotes Is this stock still active

2. Guest
January 11, 2015, 09:47AM

Quotes the stock market ppl that sold us the stock also should responsible as well will I ever get my money back with intrest
jeff jaskiewicz I went threw scott trade

3. Guest
January 11, 2015, 09:44AM

Quotes all I know is I want my money and intreast

4. Guest
August 08, 2013, 10:36AM

Quotes I have 87,920 shares valued at .000. Purchase price of .oo8. Loss of $708. Any chance of sell or recovery?

5. Guest
May 28, 2009, 06:11PM

Quotes bought 1.8 M five years ago at .01 and still waiting to dump it. Today vol went up to 153 M shares. Anything going on ?

6. Guest
April 02, 2009, 08:07AM

Quotes Could you please explain more precisely what information you would like to get?

7. Guest
February 19, 2009, 02:09PM

Quotes It would be nice to know what this company is doing. They do not provide any current info to investors or on their web site. You would think that in this day and age, that this product would be in demand- airports, sporting arenas, train stations....

8. Guest
February 11, 2009, 04:17AM

Quotes I am not sure that there were such. Maybe you know more about China, I am not so interested in that myself.

9. Guest
February 10, 2009, 01:41PM

Quotes Weren't there a couple of high value firms in China supposedly looking towards either being a partner to or purchasing the rights to some of ADOT's products?

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