Last $2.50 USD
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As of 8:10 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

parabel inc (PABL) Snapshot

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04/16/14 - $3.18
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parabel inc (PABL) Details

Parabel, Inc., a technology development and licensing company, provides micro-crop technology to address the demand for new sources of feed and food in the United States and internationally. The company has developed a proprietary technology, which enables customer licensees to grow, harvest, and process locally-available aquatic plants to create feed and food products. Its technology uses non-genetically modified plants from the Lemnaceae family to enable the production of Lemna Protein Concentrate for the animal feed market as a fish meal alternative; and Lemna Meal for the animal feed market as an alternative to alfalfa meal. The company was formerly known as PetroAlgae Inc. and changed its name to Parabel, Inc. in February 2012. Parabel, Inc. was founded in 2006 and is headquartered in Melbourne, Florida.

38 Employees
Last Reported Date: 04/1/13
Founded in 2006

parabel inc (PABL) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $300.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $122.3K
Chief Operating Officer
Total Annual Compensation: $230.0K
Vice President of Operations
Total Annual Compensation: $122.0K
Vice President of Corporate Development
Total Annual Compensation: $96.5K
Compensation as of Fiscal Year 2012.

parabel inc (PABL) Key Developments

Parabel Inc announced delayed annual 10-K filing

On 04/01/2014, Parabel Inc announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Parabel Inc Announces Auditor Changes

Parabel Inc. announced that on February 28, 2014, company's board of directors dismissed Grant Thornton LLP as the company's independent registered public accounting firm. On February 28, 2014, company's board of directors approved the engagement of Marcum LLP, as the company's new independent registered public accounting firm.

Parabel Inc. Auditor Raises 'Going Concern' Doubt

Parabel Inc. filed its 10-K on Apr 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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