November Stockholder

Report
By Austin, Mike, 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
 Big Apple Bagels
Balance Sheet
As of November 30, 2019
ASSETS
Current Assets Accounts Payable (A/P) 0.00
Bank Accounts Total Accounts Payable $0.00
Cash 75,535.45 Other Current Liabilities
Shipping Equipment 1,538.00 Insurance Payable 1,062.50
Total Bank Accounts $77,073.45 Medicare Payable 401.36
Other Current Assets Payroll Tax Payable -2,117.52
Supplies 132.58 Sales Tax Payable -133.04
Total Other Current Assets $132.58 Social Security Payable 1,716.16
Total Current Assets $77,206.03 Total Other Current Liabilities $929.46
Fixed Assets Total Current Liabilities $929.46
Office Equipment 12,321.87 Total Liabilities $929.46
Total Fixed Assets $12,321.87 Equity
TOTAL ASSETS $89,527.90 Common Stock 120,000.00
LIABILITIES AND EQUITY Retained Earnings
Liabilities Net Income -31,401.56
Current Liabilities Total Equity $88,598.44
Accounts Payable TOTAL LIABILITIES AND EQUITY $89,527.90
Investors:

● We have now acquired all 3 investors, Scott Perskin, Nick Milano, and
Daniel Salvadori.
● Each investor has contributed $50,000
 Strengths Weakness

● We now have our plan on how to ●

●
ship our bagels ●
● We now have a vacuum sealer so
our bagels will stay fresh for a
long time
● We have all of our investors and a
good amount of starting capital
● The pricing is worked out
 Prediction of Profitability:

We need to sell 2990 cases of bagels to break even so as long as we start

selling soon we should be able to reach it

That would mean in total our sales would be $77,718.56

Conclusion

● Now that we have all of our investors our prices set all that's left to do is
order inventory and start selling
● We have a trade show coming up and we must be ready for that
● We look forward to a good december and really start making a name for
Big Apple Bagels