Symbol: 
Dynamic Watchlist

Trading Activities Reports
OTCBB News
OTCBB News
OTC Equity Short Interest
SEC 605 Report
Investor Info.
Issuer Info.
Vendor Info.
OTCBB Rules
About OTCBB

 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
 
Address
  5020 Sunrise Highway, Suite 227
  Massapequa Park , NY 11762
  Phone: 516-809-0498
  Website: http://www.clearskiessolar.com
Auditor
  Rothstein, Kass & Company
  Roseland
Transfer Agent
  Island Stock Transfer
Employees:  14
Founded:  2003
Domicile:  Delaware
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
History:  INCORPORATED in Delaware Dec. 12, 2007; and on Dec. 18, 2007, merged BIP Oil, Inc., a Nevada corporation organized on Jan. 31, 2007. In the merger, each share of the Nevada corporation was exchanged for 9.19230769 shares of the company. Name changed from Clear Skies Holdings, Inc. to Clear Skies Solar, Inc. Jan. 25, 2008. December 19, 2007, acquired Clear Skies Group, Inc. (CSG), a privately held New York corporation, through the merger of a wholly owned subsidiary of the company into CSG. In the aggregate, 8,908,723 Common shares of the company were issued in the merger to the holders of CSG's Common stock and warrants. Following the merger, the company transferred all of its pre-merger assets and liabilities to its wholly owned subsidiary, BIP Holdings, Inc.; and then transferred all of the outstanding capital stock of that subsidiary to certain individuals in exchange for cancellation of an aggregate of 53,866,923 Common shares of the company held by such persons. CSG was incorporated in New York Sept. 24, 2003, and began operations in August 2005.
 
Subsidiaries:
Clear Skies Group, Inc.
 
 
 
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version

Management
OfficersPosition
 Ezra J. GreenChairman & Chief Executive Officer
 Thomas J. OliveriPresident & Chief Operating Officer
 Arthur  GoldbergSecretary, Treasurer, Chief Financial Officer & Chief Accounting Officer
 Matthew  NelsonSR VP

Directors
 Ezra J. Green
 Pamela J. Newman
 Gelvin  Stevenson
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
 
Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par100,000,00031,921,066
Preferred $0.001 par10,000,000None
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
COMMON SOLD PRIVATELY: December 24, 2008, the company completed a private placement offering of 16,000,000 Common shares for an aggregate gross purchase price of $8,000,000, including $745,000 of exchanged debt.
 
Transfer Agent:  Island Stock Transfer   St. Petersburg , FL
 
OTC Bulletin Board( Primary): CSKH
 
ExchangeYearHighLow
OTC Bulletin Board20082.40000.1100
 
DIVIDENDS: Common $0.001 par: No cash.
 
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
Annual Report
 
Income Statement
  20082007
REVENUES
Subcontract Revenues-224,454
Contract Revenue2,476,00474,520
Others226,174-
Total Revenues2,702,178298,974
EXPENSES
Cost of Revenues(2,465,984)(268,707)
Selling Expenses(1,190,670)(468,858)
General and Administrative Expenses(5,698,388)(2,294,039)
Research and Development(197,921)(91,024)
Interest Expense(14,741)(40,199)
Amortization of Debt Discount and Expense-(745,000)
Interest Income46,773-
Earnings before Taxes(6,818,753)(3,608,853)
TAXES AND OTHER EXPENSES
Net Income (Loss)(6,818,753)(3,608,853)
SUPPLEMENTARY INFO
Gross Profit/loss236,194.0030,267.00
Operating Income (Loss)(6,850,785.00)(2,823,654.00)
Basic Eps-continuing Operations(0.22)(0.50)
Diluted Eps-continuing Operations(0.22)(0.50)
 
Balance Sheet
  20082007
CURRENT ASSETS
Cash and Cash Equivalents155,5774,866,842
Accounts Receivables157,22592,291
Costs and Estimated Earnings in Excess of Billings-27,641
Inventory11,113-
Total Current Assets323,9154,986,774
NON CURRENT ASSETS
Property and Equipment, net192,65313,293
Security Deposit113,634-
Other Assets44,80154,017
Prepaid Expenses and Investor Relations Fees195,273645,644
Total Assets870,2765,699,728
CURRENT LIABILITIES
Accounts Payable and Accrued Expenses1,274,563788,468
Payroll Liabilities31,047140,729
Installation Warranty Liability56,9647,743
Due to Related Parties-104,410
Billings in Excess of Costs and Estimated Earnings40,33235,007
Customer Deposits-5,000
Obligation to Issue Options and Warrants47,5009,401
Estimated Loss on Uncompleted Contracts109,305-
Total Current Liabilities1,559,7111,090,758
SHAREHOLDERS' EQUITY
Common Stock-par Value31,69630,883
Additional Paid in Capital10,767,2179,247,682
Accumulated Deficit(11,488,348)(4,669,595)
Total Shareholders Equity(689,435)4,608,970
Total Liabilities & Shareholders Equity870,2765,699,728
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
Interim Report   
 
Data Not Available
 
 
 
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
Pro Forma Report   
 
Data Not Available
 
 
 
 
  S & P Disclaimer
 

Clear Skies Solar, Inc.
Symbol:  CSKH


Click here for a printable version
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   110,000
  2008   1150,000
  2008   21,130,000
  2008   31,040,000
  2008   4370,000
  2008   Full Year 2,720,000
  2007   1240,000
  2007   230,000
  2007   350,000
  2007   4(20,000)
  2007   Full Year 300,000
  2006   Full Year 940,000
  2005   Full Year 10,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1(1,160,000)
  2008   1(1,740,000)
  2008   2(1,500,000)
  2008   3(1,730,000)
  2008   Full Year (6,820,000)
  2007   1(280,000)
  2007   4(1,510,000)
  2007   Full Year (3,610,000)
  2006   Full Year (690,000)
  2005   Full Year (890,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.04)
  2008   1(.06)
  2008   2(.05)
  2008   3(.05)
  2008   4(.06)
  2008   Full Year (.22)
  2007   1(.06)
  2007   2(.02)
  2007   3(.25)
  2007   4(.05)
  2007   Full Year (.50)
  2006   Full Year (.23)
 
  S & P Disclaimer