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ISEC.. Elecrronic Monitoring..
Why Electronic Monitoring?
There are a variety of studies regarding the efficacy of electronic monitoring as a supplement to community supervision. Many claim that electronic monitoring increases compliance, reduces recidivism and speeds community re-entry. Others maintain that results are inclusive. What is undeniable, however, is that electronic monitoring provides a supervising officer with more reliable and independent information regarding an individual's compliance than traditional supervision alone.
And, sometimes a little more information is all you need to make a big difference.
Officers using electronic monitoring do not have to rely upon the word of their clients regarding their attendance at counseling sessions and job training or their avoidance of alcohol, a spouse's residence, an elementary school or playground.
There's also the economic argument: electronic monitoring and community supervision is much less costly than incarceration. For low risk offenders and juveniles, in particular, electronic supervision within the community is certainly less expensive and likely to be more effective than incarceration with its attendant exposure to more hardened criminals and predators.
But, the savings go far beyond the cost of incarceration: there's lost child support and family income, increased welfare and public assistance support. And, few would argue that many individuals leave jails with a greater criminal tendency than when they went in.
The first champion of electronic monitoring was Judge Jack Love of Albuquerque, New Mexico who was inspired by an episode in a Spiderman comic book.
Spiderman had been tagged with a device that allowed a villain to track his every move. The judge persuaded a computer salesman to develop a similar device. In 1983, Judge Love sentenced the first offender to house arrest with electronic monitoring.
Today, electronic monitoring is used in virtually every state. But despite advances in technology and the type of systems available, it's important to remember that electronic monitoring is just a tool. It's not a program. As a tool, it can be used to independently verify dysfunctional or non-compliant behavior. In those instances, it can also be used as a sanction. For example, moving from less intensive to more intensive monitoring in response to repeated non-compliance may discourage that behavior. Electronic monitoring can also be used to reinforce positive actions like regularly attending counseling sessions, school or work. Moving from more intensive to less intensive surveillance can be used to reinforce repeated compliance, build self-esteem and self-confidence eventually leading to long term behavior modification and full community reentry.
But, like any tool, its ultimate effectiveness
ISEC.. The Story:
And why it works as a stock.. This is not a quick fix but an economic one.. The use/cost of a GPS monitor and the persons needed to view the patterns of the users is about 15% of jail time.. It has been proven especally in youth cases that jail time breeds harden criminals more often than it becomes a deterant to future crime.. This especally true in urban areas...
Jail Overcrowding
As of June 30, 2006, there were well over 2 million prisoners held in Federal or State prisons or local jails, an increase of 4% from the previous year. According to the Urban Institute, some US counties have as much as 30% of its population confined to prison.
Many prison facilities have been operating at or over 100% capacity for years. Additionally, citizens have largely rejected new taxes required to upgrade the system, but have simultaneously pushed for longer sentencing terms for offenders. This has left criminal justice professionals scrambling to make ends meet. The following are some of the consequences:
Soaring costs and gaps in funding.
Decreased supervision.
Felons transferred to county jails, mixing in with non-violent inmates.
Early release of tens of thousands of offenders.
When probation, parole and early release are added to the number of current inmates, the number of individuals under correctional supervision soars to over 7 million. This figure equates to over 2% of the total US adult population or 1 in every 40 adults.
The iSECUREtrac Solution
iSECUREtrac monitoring systems offer an effective alternative to incarceration. Rather than limiting the choice to incarceration or freedom, correction officials now have a viable alternative, community supervision supplemented with electronic monitoring.
Individuals enrolled in an electronic monitoring program can be "supervised" 24/7/365 by an automated system that notifies officers when a compliance violation occurs. Depending on the type of monitoring (active or passive GPS, or house arrest), violation notifications can be sent to agency personnel in real time or on a delayed basis.
Community supervision with electronic monitoring can free up prison beds for those offenders truly requiring incarceration, allowing officers to prioritize use of labor and supervision. Electronic monitoring can also be used as an incentive tool by moving from more intensive supervision (active GPS) to less intensive supervision (house arrest) in response to positive and compliant behavior. Outside of prison walls, monitored participants can support their families by earning wages, regularly attend rehabilitation sessions away from the corruptive influences of other inmates, and learn good habits by complying with curfews, daily schedules, and routines.
In summary, implementation of an iSECUREtrac electronic monitoring program can help:
Free up prison beds which can then be "leased" to other governmental agencies (e.g., Immigration and Customs Enforcement) or other jurisdictions.
Provide 24/7/365 supervision of individuals under community supervision.
Reduce money spent on incarceration (i.e., the costs that vary depending upon the number on inmates like food and health insurance).
Improve chances of long-term individual rehabilitation.
For more information or to request an on-site demo of iSECUREtrac systems, services and software, email or call toll-free at 866.537.
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As of June 30, 2006, there were well over 2 million prisoners held in Federal or State prisons or local jails, an increase of 4% from the previous year. According to the Urban Institute, some US counties have as much as 30% of its population confined to prison.
Many prison facilities have been operating at or over 100% capacity for years. Additionally, citizens have largely rejected new taxes required to upgrade the system, but have simultaneously pushed for longer sentencing terms for offenders. This has left criminal justice professionals scrambling to make ends meet. The following are some of the consequences:
When probation, parole and early release are added to the number of current inmates, the number of individuals under correctional supervision soars to over 7 million. This figure equates to over 2% of the total US adult population or 1 in every 40 adults.
iSECUREtrac monitoring systems offer an effective alternative to incarceration. Rather than limiting the choice to incarceration or freedom, correction officials now have a viable alternative, community supervision supplemented with electronic monitoring.
Individuals enrolled in an electronic monitoring program can be "supervised" 24/7/365 by an automated system that notifies officers when a compliance violation occurs. Depending on the type of monitoring (active or passive GPS, or house arrest), violation notifications can be sent to agency personnel in real time or on a delayed basis.
Community supervision with electronic monitoring can free up prison beds for those offenders truly requiring incarceration, allowing officers to prioritize use of labor and supervision. Electronic monitoring can also be used as an incentive tool by moving from more intensive supervision (active GPS) to less intensive supervision (house arrest) in response to positive and compliant behavior. Outside of prison walls, monitored participants can support their families by earning wages, regularly attend rehabilitation sessions away from the corruptive influences of other inmates, and learn good habits by complying with curfews, daily schedules, and routines.
In summary, implementation of an iSECUREtrac electronic monitoring program can help:
For more information or to request an on-site demo of iSECUREtrac systems, services and software, email or call toll-free at 866.537.0022.
There are a variety of studies regarding the efficacy of electronic monitoring as a supplement to community supervision. Many claim that electronic monitoring increases compliance, reduces recidivism and speeds community re-entry. Others maintain that results are inclusive. What is undeniable, however, is that electronic monitoring provides a supervising officer with more reliable and independent information regarding an individual's compliance than traditional supervision alone.
And, sometimes a little more information is all you need to make a big difference.
Officers using electronic monitoring do not have to rely upon the word of their clients regarding their attendance at counseling sessions and job training or their avoidance of alcohol, a spouse's residence, an elementary school or playground.
There's also the economic argument: electronic monitoring and community supervision is much less costly than incarceration. For low risk offenders and juveniles, in particular, electronic supervision within the community is certainly less expensive and likely to be more effective than incarceration with its attendant exposure to more hardened criminals and predators.
But, the savings go far beyond the cost of incarceration: there's lost child support and family income, increased welfare and public assistance support. And, few would argue that many individuals leave jails with a greater criminal tendency than when they went in.
The first champion of electronic monitoring was Judge Jack Love of Albuquerque, New Mexico who was inspired by an episode in a Spiderman comic book.
Spiderman had been tagged with a device that allowed a villain to track his every move. The judge persuaded a computer salesman to develop a similar device. In 1983, Judge Love sentenced the first offender to house arrest with electronic monitoring.
Today, electronic monitoring is used in virtually every state. But despite advances in technology and the type of systems available, it's important to remember that electronic monitoring is just a tool. It's not a program. As a tool, it can be used to independently verify dysfunctional or non-compliant behavior. In those instances, it can also be used as a sanction. For example, moving from less intensive to more intensive monitoring in response to repeated non-compliance may discourage that behavior. Electronic monitoring can also be used to reinforce positive actions like regularly attending counseling sessions, school or work. Moving from more intensive to less intensive surveillance can be used to reinforce repeated compliance, build self-esteem and self-confidence eventually leading to long term behavior modification and full community reentry.
But, like any tool, its ultimate effectiveness depends upon how you use it.
Solutions: http://www.isecuretrac.com/Services.aspx
About iSECUREtrac Corp.. http://www.isecuretrac.com/About.aspx
| (Unaudited) | ||||||||
| | September 30, 2009 | December 31, 2008 | ||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 1,090,341 | $ | 423,361 | ||||
| Accounts receivable, net of allowance for doubtful accounts of $656,630 in 2009 and $462,553 in 2008 | 1,924,761 | 2,445,505 | ||||||
| Inventories | 288,300 | 193,820 | ||||||
| Prepaid expenses and other | 117,802 | 84,224 | ||||||
| Total current assets | 3,421,204 | 3,146,910 | ||||||
| Leasehold improvements and equipment, net of accumulated depreciation of $10,764,157 in 2009 and $9,125,376 in 2008 | 4,427,515 | 4,229,319 | ||||||
| Intangibles, net of accumulated amortization of $906,530 in 2009 and $892,128 in 2008 | 4,993 | 19,394 | ||||||
| Goodwill | 2,302,179 | 2,302,179 | ||||||
| Other assets | 77,690 | 83,386 | ||||||
| Total assets | $ | 10,233,581 | $ | 9,781,188 | ||||
| LIABILITIES AND STOCKHOLDERS' (DEFICIT) | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 475,866 | $ | 403,399 | ||||
| Accrued expenses | 1,185,447 | 524,339 | ||||||
| Revolving Line of Credit | 550,000 | 500,000 | ||||||
| Equipment Term Loan | 82,407 | 50,000 | ||||||
| Current maturities of long-term debt | 1,589,745 | 1,222,508 | ||||||
| Deferred revenues & gain on sale-leaseback transactions | 131,578 | 299,548 | ||||||
| Accrued interest payable | 1,247,466 | 776,011 | ||||||
| Total current liabilities | 5,262,509 | 3,775,805 | ||||||
| Long-term debt, less current maturities | 13,319,296 | 13,280,368 | ||||||
| Redeemable convertible Series C preferred stock | 14,102,700 | 13,106,407 | ||||||
| Commitments and contingency | ||||||||
| Stockholders' (deficit) | ||||||||
| Common stock | 10,811 | 10,799 | ||||||
| Additional paid-in capital | 55,515,208 | 55,369,880 | ||||||
| Accumulated deficit | (77,976,943 | ) | (75,762,071 | ) | ||||
| Total stockholders' (deficit) | (22,450,924 | ) | (20,381,392 | ) | ||||
| Total liabilities and stockholders' (deficit) | $ | 10,233,581 | $ | 9,781,188 | ||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
| 2009 | 2008 | 2009 | 2008 | |||||||||||||
| Revenues: | ||||||||||||||||
| Equipment revenue | $ | 2,924,535 | $ | 2,098,798 | $ | 8,522,876 | $ | 6,563,284 | ||||||||
| Services revenue | 106,786 | 71,183 | 354,652 | 232,336 | ||||||||||||
| Royalty revenue | 179,869 | 8,163 | 628,933 | 240,515 | ||||||||||||
| Total revenues | 3,211,190 | 2,178,144 | 9,506,461 | 7,036,135 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Cost of revenues | 1,172,145 | 843,715 | 3,510,893 | 2,879,730 | ||||||||||||
| Research and development | 315,801 | 275,513 | 885,239 | 944,071 | ||||||||||||
| Sales, general and administrative | 1,796,365 | 1,817,153 | 5,574,317 | 6,115,488 | ||||||||||||
| Total operating expenses | 3,284,311 | 2,936,381 | 9,970,449 | 9,939,289 | ||||||||||||
| Operating loss | (73,121 | ) | (758,237 | ) | (463,988 | ) | (2,903,154 | ) | ||||||||
| Other income (expense): | ||||||||||||||||
| Interest income | 36 | 2,148 | 636 | 26,215 | ||||||||||||
| Interest expense | (304,987 | ) | (289,824 | ) | (899,343 | ) | (823,196 | ) | ||||||||
| Total other income (expense) | (304,951 | ) | (287,676 | ) | (898,707 | ) | (796,981 | ) | ||||||||
| Loss before provision for income taxes | (378,072 | ) | (1,045,913 | ) | (1,362,695 | ) | (3,700,135 | ) | ||||||||
| Provision for income taxes | 0 | 0 | 0 | 0 | ||||||||||||
| Net loss | $ | (378,072 | ) | $ | (1,045,913 | ) | $ | (1,362,695 | ) | $ | (3,700,135 | ) | ||||
| Preferred stock dividends and accretion | (350,289 | ) | (328,771 | ) | (996,295 | ) | (939,151 | ) | ||||||||
| Net loss available to common stockholders | $ | (728,361 | ) | $ | (1,374,684 | ) | $ | (2,358,990 | ) | $ | (4,639,286 | ) | ||||
| Basic and diluted loss per common share | $ | (0.07 | ) | $ | (0.13 | ) | $ | (0.22 | ) | $ | (0.43 | ) | ||||
| Weighted average shares of common stock outstanding | 10,809,812 | 10,789,701 | 10,806,114 | 10,783,169 | ||||||||||||
| Additional | ||||||||||||||||||||
| Common Stock | Paid -in | Accumulated | ||||||||||||||||||
| | Shares | Amount | Capital | Deficit | Total | |||||||||||||||
| Balance, December 31, 2008 | 10,799,090 | $ | 10,799 | $ | 55,369,880 | $ | (75,762,071 | ) | $ | (20,381,392 | ) | |||||||||
| Shares issued for director's fees | 12,248 | 12 | 5,988 | - | 6,000 | |||||||||||||||
| Stock issued upon exercise of options | - | - | 162 | - | 162 | |||||||||||||||
| Stock based compensation | - | - | 283,296 | - | 283,296 | |||||||||||||||
| Series C preferred stock dividends | - | - | - | (852,177 | ) | (852,177 | ) | |||||||||||||
| Accretion to redemption value of preferred stock | - | - | (144,118 | ) | - | (144,118 | ) | |||||||||||||
| Net loss | - | - | - | (1,362,695 | ) | (1,362,695 | ) | |||||||||||||
| Balance, September 30, 2009 | 10,811,338 | $ | 10,811 | $ | 55,515,208 | $ | (77,976,943 | ) | $ | (22,450,924 | ) | |||||||||
| | 2009 | 2008 | ||||||
| Cash Flows From Operating Activities | ||||||||
| Net loss | $ | (1,362,695 | ) | $ | (3,700,135 | ) | ||
| Depreciation and amortization | 1,653,182 | 1,657,553 | ||||||
| Stock based compensation | 289,296 | 314,350 | ||||||
| Increase in Allowance for Doubtful Accounts | 194,077 | 54,219 | ||||||
| (Increase) Decrease in accounts receivable | 326,667 | (29,513 | ) | |||||
| (Increase) in inventories | (94,480 | ) | (68,180 | ) | ||||
| (Increase) in prepaid expenses | (33,578 | ) | (20,256 | ) | ||||
| Increase (Decrease) in accounts payable | 42,988 | (660,256 | ) | |||||
| Increase (Decrease) in accrued expenses | 661,108 | (113,885 | ) | |||||
| (Decrease) in deferred revenues and gain on sale - leaseback transactions | (167,970 | ) | (38,852 | ) | ||||
| Increase in accrued interest payable | 471,455 | 568,342 | ||||||
| Net cash provided by (used in) operating activities | 1,980,050 | (2,036,613 | ) | |||||
| Cash Flows From Investing Activities | ||||||||
| Purchases of leasehold improvements and equipment | (1,807,499 | ) | (2,138,839 | ) | ||||
| Decrease in other assets | 5,695 | 16,537 | ||||||
| Net cash (used in) investing activities | (1,801,804 | ) | (2,122,302 | ) | ||||
| Cash Flows From Financing Activities | ||||||||
| Principal proceeds from long-term debt | 1,700,000 | 2,050,000 | ||||||
| Proceeds from revolving line of credit | 50,000 | - | ||||||
| Proceeds from equipment term loan | 32,407 | 50,000 | ||||||
| Principal payments on long-term debt | (1,293,835 | ) | (792,956 | ) | ||||
| Proceeds from the exercise of options and warrants | 162 | - | ||||||
| Net cash provided by financing activities | 488,734 | 1,307,044 | ||||||
| Increase (Decrease) in cash | 666,980 | (2,851,873 | ) | |||||
| Cash at beginning of period | 423,361 | 3,442,712 | ||||||
| Cash at end of period | $ | 1,090,341 | $ | 590,839 | ||||
| Supplemental Disclosure of Cash Payments for | ||||||||
| Interest | 427,888 | 254,856 | ||||||
| Supplemental Disclosure of Noncash Transactions | ||||||||
| Purchase of leasehold improvements and equipment included in accounts payable | 29,478 | 27,667 | ||||||
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