January report to

stockholders
By Mike, Austin, Andrew
Overview
● Mission Statement:
○ Our Mission is to provide our customers with an Authentic NYC bagel at an affordable cost…
● Customize your New York bagel
Strengths Weakness
Fully functional company Need to get more customers

Making sales daily Need a more expensive package

Soon to have website in multiple languages WE NEED SALES!!

Performed well at trade show

Ratios
Current Ratio:13.61

Quick Ratio: 8.65

Gross Profit Margin Ratio: .91

Net Profit Margin Ratio: .03

Debt to Asset Ratio: .07

Balance Sheet
ASSETS LIABILITIES AND EQUITY
Current Assets Liabilities
Bank Accounts Current Liabilities
Cash 58,756.43 Accounts Payable
Shipping Equipment 1,576.40 Accounts Payable (A/P) 209.90
Total Bank Accounts $60,332.83 Total Accounts Payable $209.90
Accounts Receivable Other Current Liabilities
Accounts Receivable (A/R) 37.99 Payroll Tax Payable 6,297.48
Total Accounts Receivable $37.99 Sales Tax Payable 470.23
Other Current Assets Total Other Current Liabilities $6,767.71
Merchandise Inventory 34,456.38 Total Current Liabilities $6,977.61
Supplies 132.58 Total Liabilities $6,977.61
Total Other Current Assets $34,588.96 Equity
Total Current Assets $94,959.78 Common Stock 170,000.00
Fixed Assets Opening Balance Equity 0.00
Accumulated Depreciation -852.57 Retained Earnings -71,516.96
Office Equipment 12,321.87 Net Income 968.43
Total Fixed Assets $11,469.30 Total Equity $99,451.47
TOTAL ASSETS $106,429.08 TOTAL LIABILITIES AND EQUITY $106,429.08
Profit and Loss
Income Sales Tax Expense 8.30
Sales 30,137.43 Shipping Expense 703.00
Total Income $30,137.43 Utilities Expense 710.35
Cost of Goods Sold Total Expenses $25,687.20
Cost of Goods Sold 2,411.63 Net Operating Income $1,821.00
Shipping, Freight & Delivery - COS 217.60 Other Expenses
Total Cost of Goods Sold $2,629.23 Depreciation 852.57
Gross Profit $27,508.20 Total Other Expenses $852.57
Expenses Net Other Income -$852.57
Payroll Expense 22,434.26 Net Income $968.43
Rent Expense 1,831.29
Proof of Monthly Payments
Conclusion
January was our best month to date we did $30,100 in sales. This was thanks to
our performance at the trade show. We are looking good as of right now and are
projected to become positive after the out of network sales are done. Keep up the
good work Big Apple Bagels.