Mind Solutions Inc., a San Diego company developing a headset that can operate smartphones and tablets through "mind power," said it received a $1 million funding commitment from an unnamed source, allowing it to further the development of its proprietary mobile headset.
The company has filed a document with the Securities and Exchange Commission with full details on the funding terms. Mind Solutions, which is a public company with shares traded on the Over the Counter stock exchange, said it plans to file its annual financial report, the 10K, within a week.
The company announced its desire to partner with or be acquired by a larger firm with greater resources in exchange for direct ownership in the headset device, Mind Solutions said.
The company said it’s been in discussions with interested partners.