Epoxy, Inc. (Epoxy), formerly Neohydro Technologies Corp., provides a platform for consumers to find business information, such as product and service descriptions, promotions, loyalty programs and customer reviews, as well as to provide business owners a platform to promote businesses to mobile application users.
The Company, through its subsidiary, Couponz Inc., develops Epoxy app, an application for iPhone iOS and Android operating systems. Epoxy is a smart phone application designed and created to connect business owners and consumers.
The mobile application allows customers to keep track of rewards and punch cards in one place while also giving opportunities to review and share businesses with friends.
Epoxy allows businesses to reward customers, share offers and deliver information about special events with their customers. Epoxy's mobile application is a two-part system that has a server, which provides both Website and mobile application access.
BRIEF: For the nine months ended 30 September 2016, EPOXY Inc revenues decreased 16% to $21K. Net loss totaled $710K vs. income of $162K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions.
Net loss reflects Gain (loss) on change in fair value of d decrease from $484K (income) to $335K (expense), Gain (loss) on debt settlement decrease from $512K (income) to $0K.
