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 and is seeking others.