Security
Fuse Science, Inc. Common Stock · DROP
DROPOTCCommon stockCurrentCIK 842722Updated Jul 18, 2026
Name history
Double Eagle Holdings, Ltd. · through Jan 13, 2012ONSPAN NETWORKING INC · through Dec 29, 2006NETWORK SYSTEMS INTERNATIONAL INC · through Jan 19, 2001
DROP price & chart
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Recent filings
Bankruptcy or Receivership · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 1.03, 5.02, 8.01, 9.01
10-Q filing
10-K filing
8-K filing
8-K filing
Show 5 more recent filings
Financials
FY 2014 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 11,880Source | 1,645,875Source | 799,615Source | 342,408Source |
| Property, Plant and Equipment, NetUSD | 5,827Source | 143,447Source | 93,880Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 78,698Source | 81,756Source | 126,917Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 203Source | 29,430Source | 62,050Source | 147,907Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 42,772Source | 30,181Source | — |
| Inventory, NetUSD | — | 1,336,513Source | 141,808Source | — |
| Assets, CurrentUSD | 6,053Source | 1,423,730Source | 573,979Source | 207,171Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,850Source | — | — | — |
| Other Assets, NoncurrentUSD | — | 0Source | 50,000Source | — |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 2,338Source | 276,944Source | 164,700Source | 93,612Source |
| Retained Earnings (Accumulated Deficit)USD | -52,178,004Source | -44,482,397Source | -23,114,044Source | -12,071,758Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | 0Source | 2,590Source |
| Additional Paid in Capital, Common StockUSD | 49,999,935Source | 43,670,326Source | 22,604,931Source | 12,667,350Source |
| Liabilities and EquityUSD | 11,880Source | 1,645,875Source | 799,615Source | 342,408Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,100,619Source | 2,055,136Source | 1,184,615Source | 999,227Source |
| Accounts Payable, CurrentUSD | 1,080,619Source | 1,694,589Source | 791,864Source | 370,567Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -126,344Source | -126,344Source | -126,344Source | -126,344Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 181,152Source | 287,751Source | 21,684Source |
| Deferred Tax Liabilities, NetUSD | — | — | 312,200Source | — |
cash flow · annual statements
| Line item | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -7,695,607Source | -21,368,353Source | -11,042,438Source | -2,020,161Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 18,711Source | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -9,959Source | 12,591Source | 30,181Source | — |
| Increase (Decrease) in InventoriesUSD | -1,336,515Source | 1,194,704Source | 141,808Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | -5,053,007Source | -4,418,294Source | -760,928Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -66,067Source | -106,630Source | 2,876Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | 5,086,454Source | 4,439,068Source | 897,340Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | — | 421,744Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,371,676Source | 2,143,186Source | 1,462,881Source | — |
| Amortization of Intangible AssetsUSD | — | — | — | 1,083Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 37,544Source | — | — | — |
| DepreciationUSD | 18,711Source | 19,554Source | 7,470Source | — |
| Gain (Loss) on Sale of InvestmentsUSD | — | -50,000Source | -5,730Source | 2,348Source |
| Gain (Loss) on Extinguishment of DebtUSD | 1,320,823Source | — | — | — |
| General and Administrative ExpenseUSD | 3,065,428Source | 6,398,060Source | 4,118,264Source | 967,267Source |
| Income Tax Expense (Benefit)USD | — | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | -7,695,607Source | -21,368,353Source | -11,042,438Source | -2,020,161Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Nonoperating Income (Expense)USD | -2,259,201Source | -12,518,218Source | -3,621,396Source | -405,854Source |
| Payments of Financing CostsUSD | — | 0Source | 629,574Source | — |
| Proceeds from Stock Options ExercisedUSD | — | 270,825Source | — | — |
income statement · annual statements
| Line item | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 0Source |
| Cost of RevenueUSD | 1,424,573Source | 175,986Source | 31,234Source | — |
| Operating Income (Loss)USD | — | -8,850,135Source | -7,421,042Source | -1,614,307Source |
| Income Tax Expense (Benefit)USD | — | 0Source | 0Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -7,695,607Source | -21,368,353Source | -11,042,438Source | -2,020,161Source |
| Earnings Per Share, BasicUSD per share | -3.3Source | -0.08Source | -0.09Source | — |
| Earnings Per Share, DilutedUSD per share | -3.3Source | -0.08Source | -0.09Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,334,932Source | 264,235,263Source | 121,260,555Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,334,932Source | 264,235,263Source | 121,260,555Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 1,083Source |
| Costs and ExpensesUSD | -5,436,406Source | 9,160,912Source | 7,495,221Source | 1,614,307Source |
| Current Income Tax Expense (Benefit)USD | — | 7,265,000Source | 3,754,400Source | — |
| General and Administrative ExpenseUSD | 3,065,428Source | 6,398,060Source | 4,118,264Source | 967,267Source |
| Gross ProfitUSD | -975,946Source | — | — | — |
| Interest Expense, DebtUSD | — | — | 186,739Source | — |
| Interest Income, OperatingUSD | — | — | — | 0Source |
| Marketing and Advertising ExpenseUSD | 11,800,000Source | 2,761,000Source | — | — |
| Nonoperating Income (Expense)USD | -2,259,201Source | -12,518,218Source | -3,621,396Source | -405,854Source |
| Research and Development ExpenseUSD | 177,652Source | 2,200Source | 204,541Source | — |
| Sales Revenue, Goods, Net (Deprecated 2018-01-31)USD | 448,627Source | 486,763Source | 105,413Source | — |
| Selling and Marketing ExpenseUSD | 1,179,836Source | 2,760,652Source | 3,172,416Source | — |