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imaging diagnostic systems (IMDS) Snapshot

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imaging diagnostic systems (IMDS) Details

Imaging Diagnostic Systems, Inc., a development stage medical technology company, develops and commercializes medical devices. The company offers computed tomography laser mammography (CTLM) system, which is a diffuse optical tomography CT-like scanner to detect breast abnormalities. Its CTLM system is an imaging modality that provides the potential of functional molecular imaging, which could visualize the process of angiogenesis and might be used by the radiologist to distinguish between benign and malignant tissue. The company also provides Laser Imager for Lab Animals (LILA), an optical helical micro-CT scanner that is designed to image various compounds, primarily green fluorescent protein derived from the DNA of jellyfish. Its LILA scanner is targeted at pharmaceutical developers and researchers who monitor cancer growth and who use multimodality small animal imaging in their clinical research. Imaging Diagnostic Systems, Inc. was founded in 1993 and is based in Fort Lauderdale, Florida.

imaging diagnostic systems (IMDS) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: $50.0K
Compensation as of Fiscal Year 2012.

imaging diagnostic systems (IMDS) Key Developments

Imaging Diagnostic Systems Inc. Announces Management Changes

On August 4, 2014, Imaging Diagnostic Systems Inc.'s board of directors, comprised of Richard J. Grable, II and Elizabeth J. Shotmeyer, appointed Investor's affiliates David Fong, Chunming Zhang and Qun Wang to the board of directors. Immediately thereafter, Mr. Grable and Ms. Shotmeyer resigned from the board. Deborah O'Brien also tendered her resignation from her position as senior vice president, effective August 1, 2014. David Fong is a certified public accountant and personal financial specialist and has been providing tax, accounting, and financial services in the United States since 1986, with focus on international tax and business. Chunming Zhang has been a Director and Vice President of the parent since December 2013. Qun Wang is an acupuncture physician in Orlando, Florida, practicing in Florida since 1994. He also served as vice president of the Acupuncture board of Florida from 2006 to 2009.

SEC Orders Hearings On Registration Suspension Or Revocation Against Imaging Diagnostic Systems For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Imaging Diagnostic Systems, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Imaging Diagnostic Systems Inc. Announces Management Changes

Imaging Diagnostic Systems Inc. announced that on March 17, 2014, the company's Board of Directors appointed Richard J. Grable II to serve as an Officer and Director. Immediately upon the appointment of Mr. Grable as an officer and director of the company, the company's Chief Executive Officer and Chairman, Linda B. Grable, and the company's Executive Vice President and Chief Financial Officer and Director, Allan L. Schwartz, resigned from their positions as officers and directors of the company.


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