A defunct US company, previously operating in floor coverings and once called Floor D’cor, has come out with a lifeline through a weird new device, called a Gizmondo, that is designed as a child’s games console but which doubles as a GPS location system for children. The SEC filings for Tiger Telematics and its Gametrac child tracking system, which uses GPS to find itself and SMS to convey the information to a remote PDA or phone, show the company short on funds and with a weak balance sheet and on the surface this whole thing looking like a pipe dream. But announcements in the last month of new deals in the UK and China, the appointment of a global PR…