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Omnitek Engineering Corp. experiences 2017 effects | actual questions with brain dumps

Omnitek Engineering Corp. stories 2017 effects

March 29, 2018 08:00 ET | source: Omnitek Engineering Corp.

VISTA, Calif., March 29, 2018 (GLOBE NEWSWIRE) — Omnitek Engineering Corp. (OTCQB:OMTK) nowadays pronounced results for its fourth quarter and year ended December 31, 2017 – highlighted with the aid of a strategic headquarters of attention on ramping up international sales, following the completion or near-completion of multi-yr natural gasoline engine construction programs in a few key international locations.

Revenues for the fourth quarter ended December 31, 2017 acquire been $260,004 compared with $361,152 a 12 months past, primarily due to the timing of overseas sales from construction phases to huge scale construction in foreign markets. for the very period, the company stated a net loss of $485,818, or $0.02 per share, in comparison with $193,800, or $0.01 per share, a 12 months ago, primarily due to a non-money stock reserve adjustment of $305,458. The stock reserve adjustment represents a non-cash cost for gradual-moving inventory and is recorded as a divide line merchandise factor of total imbue of goods bought.

Gross margin for the quarter contains the non-cash inventory reserve adjustment illustrious above, resulting in a terrible raw margin of $188,379 compared with efficacious raw margin of $106,539 a yr earlier.

Revenues for the total 12 months had been $1.1 million in comparison with $1.3 million in 2016, basically because of decreased diesel-to-herbal gasoline engine conversion package income and the timing of progress application completions illustrious above. For the complete 12 months, the business mentioned a net loss of $1.1 million, or $0.05 per share, in comparison with a web loss of $901,392, or $0.04 per share, a year previous – basically reflecting a climb in the non-cash imbue for the inventory reserve adjustment mentioned above.Gross margin for the complete yr includes the non-cash stock reserve adjustment stated above, resulting in a raw margin of $169,062 compared with raw margin of $532,one zero one a year previous. Adjusted raw margin as percentage of income become forty four percent compared with forty eight % a year previous, aside from the in the past stated non-cash inventory reserve adjustment.results for the twelve months ended December 31, 2017 reflect non-money charges, including the cost of alternatives and warrants granted in the quantity of $131,522, depreciation and amortization of $24,586 and inventory reserve adjustment of $305,458. For the twelve months ended December 31, 2016, non-cash expenses and salary covered the cost of alternate options and warrants granted for $174,242, depreciation and amortization of $27,593 and inventory reserve adjustment of $93,635.

“all over the previous year, they acquire considered a histrionic shift from domestic to international exact for engine conversions — primarily as a result of oil fees closing surprisingly low, even though they nonetheless are expecting the home market to regain momentum. At this aspect, air pollution laws and the cost disparity between diesel and natural gasoline in foreign markets, often on account of larger taxes on diesel gas, are proposing significant progress programs for Omnitek outdoor the united states, peculiarly in Europe and Asia, and they predict a transformative yr for the company as revenue inaugurate ramping up in these markets,” stated Werner Funk, president and chief govt officer of Omnitek Engineering Corp.Funk mentioned the 200-nation “Paris settlement on local weather exchange” is quiet a crucial catalyst for choice solutions to diesel fuel, with herbal fuel specially appealing in both overseas and domestic markets — certainly considering that the high-quality-particles (PM2.5) and black carbon emissions from diesel engines and mighty greenhouse fuel (GHG) emissions are abated when the use of herbal fuel.At December 31, 2017, present liabilities totaled $1.2 million and present property totaled $1.6 million, resulting in efficacious working capital of about $455,000 and a current ratio of 1.four to 1.About Omnitek Engineering Corp.Omnitek Engineering Corp. develops and sells proprietary diesel-to-natural gasoline conversion techniques and complementary items, together with modern herbal gas engines that utilize the enterprise’s expertise — providing world purchasers with imaginitive option power and emissions manage options that are sustainable and least of the crucial statements contained in this news free up talk about future expectations, contain projections of consequences of operations or financial circumstance or situation different "forward-looking" information. These statements are locality to common and unknown hazards, uncertainties, and different elements that may trigger the genuine effects to vary materially from these reflected by means of the statements. The ahead-looking information is in accordance with a lot of elements and is derived the use of a lot of assumptions. vital factors that may cause genuine effects to vary from projections encompass, among many others, the potential of the business to raise adequate capital to meet working requirements, completion of R&D and successful commercialization of products/functions, patent completion, prosecution and protection towards well-capitalized competitors. These are sedate dangers and there's no assurance that their forward-looking statements will happen or prove to be accurate. words reminiscent of "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and variations of such words and identical expressions are supposititious to identify such ahead-searching statements. except required with the aid of legislations, the company undertakes no responsibility to supersede publicly any forward-looking statements, even if on account of modern suggestions, future hobbies or in any other case.

(fiscal Tables observe)

OMNITEK ENGINEERING CORP. remark of Operations For the 3For the threeFor the 12 months For the yr Months Ended Months Ended Ended Ended December 31 December 31 December 31 December 31 2017 2016 2017 2016 REVENUES $ 260,004 $ 361,152 $ 1,074,213 $ 1,308,one hundred charge OF items offered 142,925 160,978 599,693 682,364 inventory RESERVE ADJUSTMENT 305,458 ninety three,635 305,458 ninety three,635 total can imbue of items sold 448,383 254,613 905,151 775,999 GROSS MARGIN (188,379 ) 106,539 169,062 532,one hundred and one operating charges well-known and administrative 262,730 256,604 1,052,344 1,217,396 research and construction fee 26,273 35,404 118,940 187,109 Depreciation and amortization expense 5,992 6,512 24,586 27,593 complete operating bills294,995 298,520 1,195,870 1,432,098 LOSS FROM OPERATIONS (483,374 ) (191,981 ) (1,026,808 ) (899,997 ) other salary (expense) different revenue – – – 5,574 pastime rate (2,444 ) (1,819 ) (8,689 ) (6,a hundred and seventy ) interest income – – – 1 complete other earnings (fee) (2,444 ) (1,819 ) (8,689 ) (595 ) LOSS before salary TAXES (485,818 ) (193,800 ) (1,035,497 ) (900,592 ) salary TAX cost – – 800 800 web LOSS $ (485,818 ) $ (193,800 ) $ (1,036,297 ) $ (901,392 ) simple AND DILUTED LOSS PER SHARE $ (0.02 ) $ (0.01 ) $ (0.05 ) $ (0.04 ) WEIGHTED common variety of common SHARES basic AND DILUTED 20,281,082 20,281,082 20,281,082 20,142,284 OMNITEK ENGINEERING CORP. balance Sheet property December 31, December 31, 2017 2016 present property cash $ 23,279 $ 17,782 debts receivable, net7,984 28,159 accounts receivable – connected events three,440 7,005 inventory, net1,554,656 1,869,900 prepaid cost – 5,324 charge in excess of billings – 30,973 Deposits 17,385 21,716 total present assets 1,606,744 1,980,859 fixed belongings, internet7,253 31,839 other belongings different noncurrent property 14,280 14,280 total different property 14,280 14,280 total belongings $ 1,628,277 $ 2,026,978 LIABILITIES AND STOCKHOLDERS' fairness latest LIABILITIES bills payable and gathered fees $ 358,032 $ 325,255 amassed management reimbursement406,841 314,788 debts payable – related events 114,321 18,373 Notes payable – related events 15,000 – Convertible notes payable – related events 15,000 – Billings in extra of earnings 30,000 – client deposits 212,410 87,114 complete current Liabilities 1,151,604 745,530 complete Liabilities 1,151,604 745,530 STOCKHOLDERS' equity standard inventory, 125,000,000 shares authorized no par price 20,281,082 shares issued and superb 8,411,411 eight,411,411 extra paid-in capital 11,852,363 eleven,620,841 gathered deficit (19,787,101 ) (18,750,804 ) complete Stockholders' equity 476,673 1,281,448 total LIABILITIES AND STOCKHOLDERS' equity $ 1,628,277 $ 2,026,978 CONTACT: Gary S. Maier Maier & company, Inc. (310) 471-1288

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Why 'GMO' is a senseless time term (and the way to fix that) | actual questions with brain dumps

FILE  (REUTERS/Jason Redmond)

There’s a announcing in French, plus ça change, plus c'est la même chose, the extra things change, the more they dwell the equal. They had been reminded of that on the 30th anniversary of an op-ed about genetic engineering that they posted in the Wall road Journal when one among us (Dr. young) headed the U.S. food & Drug Administration and the other (Dr. Miller) changed into his particular assistant.  The article any started this fashion:

Defining the phrases "biotechnology" and "genetic engineering" isn't a simple task, considering the fact that the terms don't symbolize natural groupings of processes or products. They connote something distinct to individual commentators, journalists, corporations, congressional staffers and contributors of the universal public. The phrases are ambiguous, the supply of a entire lot confusion and itsy-bitsy capabilities, and they might execute smartly to recur to extra selected and descriptive terms.

those vague, frustrating phrases acquire now morphed into “genetic amendment” and “genetically modified organisms,” or “GMOs,” but their observations remain equally legitimate. Imprecise, difficult terminology nonetheless leads to fuzzy thinking about adjustments of the genomes of vegetation, animals and microorganisms. And that has given upward thrust to unwarranted, draconian law of this non-category that has been costly in terms of foregone advances in lots of sectors of R&D worldwide.

Intentional genetic modification of organisms is infrequently new. Farmers and plant breeders acquire been picking and hybridizing flora to raise their captivating characteristics for millennia.  up to date forms of innumerable crop vegetation corresponding to corn, tomatoes and wheat bear itsy-bitsy resemblance to their ancestors. a typical method for developing modern plant kinds, which originated a few century ago, is subjecting seeds to radiation to scramble their DNA and create mutants, some of which can besides (and infrequently do) expose pleasing traits. thousands of plant varieties that they devour routinely--including lettuces, wheat, rice, oats and the time-honored Rio-candy and Rio celebrated person pink grapefruit types -– had been derived this manner.

there is a seamless continuum of options for the genetic progress of organisms that both predates and contains the introduction of molecular innovations, which acquire been invented throughout the 1970’s and had been vastly better seeing that then. A gene-modifying approach called CRISPR-Cas9 has been progressive, and an excellent extra actual expertise referred to as “base enhancing” is probably the most fresh refinement.

some of the skeptics about up to date genetic engineering would remonstrate that using “widely wide-spread,” or pre-molecular, ideas in some way is distinctive -- extra “natural” -- because they add no “overseas” genes to the genome of the resulting plant. 

They’re wrong.

for the reason that the 1930′s plant breeders acquire performed “vast go” hybridizations, through which massive numbers of “overseas,” or “alien,” genes had been moved throughout what used to be notion of as “natural breeding boundaries” to create plant types that can't and don't exist in nature. In these hybridizations, which can be carried out between organisms of distinctive species or genera, the parental plants could be sufficiently compatible to supply a zygote, nonetheless it doesn't survive and grow to be a mature plant. to overcome this obstacle, laboratory scientists devised mechanical and biochemical methods to “rescue” the embryos and enable them to enhance. medium business vegetation derived from huge crosses involve tomato, potato, sweet potato, oat, rice, wheat, corn and pumpkin, amongst others.

helpful and customarily protected, broad-go hybridizations and radiation-brought on mutagenesis signify far more drastic tinkering with nature -- and cause a long way much less genuine and predictable consequences -- than the coincident molecular options used to alter genes, however sarcastically neither federal regulators nor anti-genetic engineering activists acquire evinced any subject about creating modern plant forms with these older suggestions. besides the fact that the effects are by means of any low-budget definition “genetically modified,” they don't appear to be discipline to expensive obligatory testing or evaluation earlier than coming into the meals chain, or labeling when they are sold. In contrast, when a sole gene is moved through molecular recommendations, the ensuing scope is locality to lengthy, massively costly -- and infrequently politicized --law.

To be clear, it’s not the source of genetic cloth, or even if DNAs from distinct organisms are mixed, that confers incremental possibility; what's crucial is the duty of the genetic alteration–for instance, no matter if it could trigger the organism to specific a modern toxin or allergen or turn into greater weed-like in the container.

In other words, “GMO” is an fully senseless term -- which is bizarre due to the fact that if you Google it, you pick up about 21,000,000 hits. The challenge isn't merely semantic, with legislators and regulators taking into account over whether organisms made with the modern “gene modifying” strategies, reminiscent of CRISPR-Cas9, are “GMOs” – which is rather relish discussing no matter if taping a plastic cone to the brow of a horse makes it a “unicorn.” furthermore, the term has, in effect, been monetized, with corporations charging hefty charges for certifying that meals are “Non-GMO.”

Generations of legislators, regulators and anti-expertise activists worldwide fail to grasp that “genetic change” is a continuum and that plants and microorganisms modified with molecular options are likely to pose abate environmental and health hazards than confidential flora on account of the extreme diploma of precision with which they’re developed. in spite of this, regulation of the products of the most recent technologies has been, literally, extraordinary. these products are singled out for discriminatory sui generis legislation, and their stories regularly drag on for years. within the European Union, there is a virtual ban on their cultivation. 

We hasten to add that FDA was an exception to unscientific, approach-concentrated oversight of products made with molecular genetic engineering. during their tenure at the company, it changed into the only federal agency regulating these products that adopted scientifically defensible policies, regulating products according to their possibility, no longer because inescapable concepts had been used. FDA’s guidelines would later exchange, for the worse.

In their 1987 op-ed, they referred to as for the use of more exact, meaningful terms equivalent to recombinant DNA technology, are vital vaccines and monoclonal antibodies, because “through the use of terms such as these, they would bring their meaning extra naturally, whether the intent is to laud progress, to convene for oversight, or to are trying to find extra funding.” (If they acquire been writing the article these days, we'd add, “or to require labeling.”)

We concluded through asking, “Is that diploma of verbal and literary discipline too lots to ask?” curiously, it become. greater than three many years later, it is previous time to material not handiest deceptive terminology but additionally fallacious public coverage according to fallacious assumptions.

Dr. candid young, a health imbue provider and molecular biologist, has held a number of senior tutorial and government positions; he headed the FDA from 1984 to 1989."

Henry I. Miller, a health imbue provider, molecular biologist and former flu virus researcher, is the Robert Wesson fellow in scientific philosophy and public coverage at Stanford university’s Hoover establishment. He was the founding director of the food and Drug Administration’s office of Biotechnology. Twitter: @henryimiller

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BEA [5 Certification Exam(s) ]
BICSI [2 Certification Exam(s) ]
BlackBerry [17 Certification Exam(s) ]
BlueCoat [2 Certification Exam(s) ]
Brocade [4 Certification Exam(s) ]
Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [20 Certification Exam(s) ]
Certification-Board [9 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [39 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [305 Certification Exam(s) ]
Citrix [46 Certification Exam(s) ]
CIW [17 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [72 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
CPP-Institute [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [9 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
ECCouncil [21 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [126 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Fortinet [12 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [8 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [27 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [735 Certification Exam(s) ]
HR [2 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IBM [1516 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
Juniper [61 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [21 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [25 Certification Exam(s) ]
Microsoft [354 Certification Exam(s) ]
Mile2 [2 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [36 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [256 Certification Exam(s) ]
P&C [1 Certification Exam(s) ]
Palo-Alto [3 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [11 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [9 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [1 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [133 Certification Exam(s) ]
Teacher-Certification [3 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [28 Certification Exam(s) ]
Vmware [54 Certification Exam(s) ]
Wonderlic [1 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]

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