Carbonics Announces Agreement with Great Plains Oil & Exploration

NEW YORK--(BUSINESS WIRE)--Carbonics Capital Corporation (OTCBB: CICS - News) today announced the execution of an agreement with Great Plains Oil & Exploration, LLC (“Great Plains”) to lease Carbonics’ oilseed crush plant in Culbertson, Montana (“Culbertson”). Great Plains is leasing the facility in further development of their oilseed production program. Culbertson was previously unable to renew its working capital line of credit during the second half of 2008 and was therefore unable to complete its purchase of delivered oilseed inventory. Culbertson later cooperated with the Montana Department of Agriculture and the North Dakota Public Service Commission to liquidate and pay for the delivered crop. After several months of difficult work, and the tremendous efforts of Montana and North Dakota regulatory officials, Carbonics reported that the liquidation was complete in early October 2009. Now, with this lease agreement, activity is occurring at the facility in an effort to resume and revive operations.Culbertson consists of oilseed handling, storage and processing infrastructure, including mechanical crush and vegetable oil refining equipment. It has over two million gallons of crude vegetable oil storage, over one million bushels of oilseed storage, and over four thousand tons of meal storage. Additional infrastructure includes a rail siding, truck and rail scale...
Click here to read the whole Article (external link)

Carbonics Announces Culbertson Revival

NEW YORK--(BUSINESS WIRE)--Carbonics Capital Corporation (OTCBB: CICS - News) announced today that the liquidation of inventory at its Culbertson, Montana-based oilseed crush facility (“Culbertson”) is complete. Culbertson was previously unable to renew its working capital line of credit during the second half of 2008 and was therefore unable to complete its purchase of delivered oilseed inventory. Culbertson later cooperated with the Montana Department of Agriculture and the North Dakota Public Service Commission to liquidate and pay for the delivered crop. After several months of difficult work, and the tremendous efforts of Montana and North Dakota regulatory officials, Carbonics is pleased to report that the liquidation is complete.With the liquidation complete, focus is now centered on reviving and revitalizing Culbertson’s operations for the benefit of its creditors, stakeholders, the community and the region. Carbonics is focused on finding a strategic partner with the financial, operational and other resources needed to subsidize Culbertson’s growth and development, with a focus on the expanded production of food grade vegetable oils and advanced biofuels.Culbertson consists of oilseed handling, storage and processing infrastructure, including mechanical crush and vegetable oil refining equipment. It has over two million gallons of crude vegetable oil stor...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue1,638   -   -   -  Cost of Revenue1,977   -   -   -  Gross Profit(339) -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative575  22  33  21  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(914)(22)(33)(21)Income from Continuing OperationsTotal Other Income/Expenses Net(1,066)5,597  (9,627)106  Earnings Before Interest And Taxes(1,980)5,575  (9,660)84  Interest Expense260  85  204  181  Income Before Tax(2,240)5,490  (9,864)(97)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(2,240)5,490  (9,864)(97)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   ...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Files SEC form 10-Q, Quarterly Report

ITEM 2 MANAGEMENT DISCUSSION AND ANALYSIS Carbonics Capital Corporation ("we," "our," "us," "Carbonics," or the "Company") was founded to recycle carbon dioxide into value-added products. Our development activities during 2009 have primarily involved evaluation of a number of different biological, chemical and other technologies designed to recycle carbon dioxide into value-added products. Our strategic plan also involves the acquisition of accretive assets and cash flows that are strategic to our technology development efforts. We are currently evaluating a number of qualified opportunities that produce the raw materials needed for our technologies, or that have the infrastructure we need to scale our technologies, or that have the ability to refine the products we produce with our technologies into finished goods. Our plan in this respect is to leverage the targeted assets and cash flows to defray our technology and financing risk as we commercialize our technologies. Our primary objective for the balance of 2009 is to complete sufficient equity financing to properly capitalize our planned development activities. RESULTS OF OPERATIONS Three Months Ended June 30, 2009 Compared to Three Months Ended June 30, 2008 Revenues Total revenues for the three months ended June 30, 2009 were $785,932 as compared to the three months ended June 30, 2008 revenues of $2,523,489. All revenue for the three months ended June 30, 2009 and 2008 resulted from the Company's oilseed crush facility. Cost of Revenues Cost of revenues for the three months ended June 30, 2009 were $981,007 compared to $2,339,926 for the same period in 2008. All cost of revenues resulted from the Company's oilseed crush facility. General and Administrative Expenses Operating Expenses General and administrative expenses during the th...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Ba

Show all filings for CARBONICS CAPITAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CARBONICS CAPITAL CORP 2-Jul-2009Creation of a Direct Financial Obligation or an Obligation under an Off-Ba Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Files SEC form 10-Q, Quarterly Report

ITEM 2 MANAGEMENT DISCUSSION AND ANALYSIS We develop renewable energy projects that facilitate the more efficient use of carbon in energy supply chains. Our development activities during 2009 primarily involved evaluation of a number of different chemical and other technologies designed to separate carbon dioxide from exhaust for conversion into value-added carbonaceous products. We are party to a technology commercialization agreement with GreenShift Corporation, which company is majority owned by our majority shareholder, Viridis Capital, LLC, pursuant to which GreenShift has agreed to provide commercialization support services and access to GreenShift's rights to sell and use a proprietary biomass gasification technology in fields of use outside of the corn ethanol industry. Carbonics will pay GreenShift a royalty equal to 10% of the pre-tax net income generated by Carbonics through use of this technology. Our strategic plan also involves the acquisition of accretive assets and cash flows that are strategic to our technology development efforts. We are currently evaluating a number of qualified opportunities that produce the raw materials needed for our technologies, or that have the infrastructure we need to scale our technologies, or that have the ability to refine the products we produce with our technologies into finished goods. Our plan in this respect is to leverage the targeted assets and cash flows to defray our technology and financing risk as we commercialize our technologies. RESULTS OF OPERATIONS Three Months Ended March 31, 2009 Compared to Three Months Ended March 31, 2008 Revenues There were no revenues from continuing operations for the three months ended March 31, 2009 and 2008. Cost of Revenues There was no cost of revenues for the three months ended March 31, 2009 and 2008. General and Administrative Expenses O...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS We develop renewable energy projects that facilitate the more efficient use of carbon in energy supply chains. Our development activities during 2008 primarily involved evaluation of a number of different chemical and other technologies designed to separate carbon dioxide from exhaust for conversion into value-added carbonaceous products. We are party to a technology commercialization agreement with GreenShift Corporation, which company is majority owned by our majority shareholder, Viridis Capital, LLC, pursuant to which GreenShift has agreed to provide commercialization support services and access to GreenShift's rights to sell and use a proprietary biomass gasification technology in fields of use outside of the corn ethanol industry. Carbonics will pay GreenShift a royalty equal to 10% of the pre-tax net income generated by Carbonics through use of this technology. Our strategic plan also involves the acquisition of accretive assets and cash flows that are strategic to our technology development efforts. We are currently evaluating a number of qualified opportunities that produce the raw materials needed for our technologies, or that have the infrastructure we need to scale our technologies, or that have the ability to refine the products we produce with our technologies into finished goods. Our plan in this respect is to leverage the targeted assets and cash flows to defray our technology and financing risk as we commercialize our technologies. RESULTS OF OPERATIONS Year Ended December 31, 2008 Compared to Year Ended December 31, 2007 Revenues There were no revenues from continuing operations for the year ended December 31, 2008 or for the twelve months ended December 31, 2007. All revenues realized in discontinued operations during the year ended Decemb...
Click here to read the whole Article (external link)

CARBONICS CAPITAL CORP Files SEC form 10-Q, Quarterly Report

ITEM 2 MANAGEMENT DISCUSSION AND ANALYSIS OVERVIEW We develop renewable energy projects based on established technological, geographical or other advantages. Our ambition is to develop successful renewable energy projects that facilitate the more efficient use of carbon in energy supply chains. Our plan to achieve this involves the planned completion of one or more of the following activities: >> Direct development of qualified projects; >> Majority investments in qualified projects; and/or, >> Acquisition of qualified distressed or other assets. We are also actively seeking to retain new senior management and plan to do so in conjunction with one or more of the above activities. RESULTS OF OPERATIONS Three Months Ended September 30, 2008 Compared to Three Months Ended September 30, 2007 Revenues There were no revenues from continuing operations for the three months ended September 30, 2008. Cost of Revenues There was no cost of revenues for the three months ended September 30, 2008. Selling, General and Administrative Expenses Operating Expenses Selling, general and administrative expenses during the three months ended September 30, 2008 totaled $21,403 with $0 related to stock based compensation. In the comparable period of the prior year, selling, general and administrative expenses totaled $3,719,816 attributable to selling, general and administrative expenses with $3,199,707 related to stock based compensation. Selling, general and administrative expenses during the three months ended September 30, 2008 primarily consisted of accounting and legal fees, and office related. Due to the divestment of our subsidiaries at the end of 2007, selling, general and administrative expenses in 2008 will consist of development costs associated with our current operation and planned future project...
Click here to read the whole Article (external link)