Current Operational Highlights
We recorded revenues of approximately $203,000 for the year ended December 31, 2011, representing our strongest year-end revenues to date. We recorded revenues of $204,564 for the three months ended March 31, 2012. The positive direction of our operations and results in the past year is attributable, in part, to the activities of Mr. Yaniv Beran, who has been serving as the acting General Manager of our Israeli based subsidiary following the departure in May 2011 of the management team overseeing the subsidiary. Prior to working for IDO, Mr. Beran served as the chief technology officer of various companies active in the homeland security and medical device fields. Mr. Beran is the author of several patents in the field of particle collection for explosive detection devices. As of March 31, 2012, we have received purchase orders for additional MagShoe™ units. We believe that there are opportunities for additional sales of our MagShoe device
Filing Date: 5/21/2012 Form Type: 10-Q
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