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Last $0.03 USD
Change Today +0.0027 / 8.80%
Volume 3.8K
ASNB On Other Exchanges
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

advansource biomaterials cor (ASNB) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/21/14 - $0.08
52 Week Low
01/12/15 - $0.02
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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advansource biomaterials cor (ASNB) Details

AdvanSource Biomaterials Corporation develops polymer materials for use in the design and development of medical devices used for treating a range of anatomical sites and disease states. It offers polymers under the ChronoFilm, ChronoFlex, ChronoThane, ChronoPrene, ChronoSil, HydroThane, HydroMed, and PolyBlend trade names. The company also manufactures hydrophilic polyurethanes. It sells its products directly to the customers in the United States. The company was formerly known as CardioTech International, Inc. and changed its name to AdvanSource Biomaterials Corporation in October 2008. AdvanSource Biomaterials Corporation was founded in 1993 and is headquartered in Wilmington, Massachusetts.

12 Employees
Last Reported Date: 07/29/14
Founded in 1993

advansource biomaterials cor (ASNB) Top Compensated Officers

Chief Executive officer, President, Treasurer...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2014.

advansource biomaterials cor (ASNB) Key Developments

Advansource Biomaterials Corporation Announces Resignation of David Volpe as Chief Financial Officer

On December 8, 2014, Mr. David Volpe resigned as the Chief Financial Officer of AdvanSource Biomaterials Corporation for personal reasons effective immediately.

AdvanSource Biomaterials Corporation announced delayed annual 10-K filing

On 06/30/2014, AdvanSource Biomaterials Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

AdvanSource Biomaterials Completes $100,000 Short-Term Financing with Shareholders and Management

AdvanSource Biomaterials Corporation announced the closing of a short-term debt financing transaction on August 22, 2013. The Company entered into Promissory Notes in the aggregate principal amount of $100,000 with three long-standing shareholders and the Company's chief executive officer and chief financial officer. The Notes have a six-month term and bear interest at the rate of 1.75% per month. In lieu of cash payment of interest, the Investors chose to receive Warrants exercisable into an aggregate 435,000 shares of the Company's common stock. The Warrants have a one-year term and are exercisable at a 150% premium over the closing price of the Company's common stock as of August 21, 2013, or $0.075 per share. The Notes are secured by accounts receivable from undisclosed customers. Other than legal fees of approximately $5,000, the Company paid no other transaction costs.


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