Gigmasters is an owned by Kevin H. Kinyon and Michael J. Caldwell, who also oversee the day-to-day operations of the Gigmasters.com website. Gigmasters.com is an online business.
2.1 Company History
Financial figures for last year's operations are shown below.
| Past Performance |
|
1998 |
1999 |
2000 |
| Sales |
$0 |
$0 |
$17,066 |
| Gross Margin |
$0 |
$0 |
$17,066 |
| Gross Margin % |
0.00% |
0.00% |
100.00% |
| Operating Expenses |
$0 |
$0 |
$19,435 |
| Collection Period (days) |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
| Current Assets |
|
|
|
| Cash |
$0 |
$0 |
$15,793 |
| Accounts Receivable |
$0 |
$0 |
$1,125 |
| Other Current Assets |
$0 |
$0 |
$0 |
| Total Current Assets |
$0 |
$0 |
$16,918 |
|
|
|
|
| Long-term Assets |
|
|
|
| Long-term Assets |
$0 |
$0 |
$1,510 |
| Accumulated Depreciation |
$0 |
$0 |
$0 |
| Total Long-term Assets |
$0 |
$0 |
$1,510 |
|
|
|
|
|
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
$0 |
$0 |
$0 |
| Current Borrowing |
$0 |
$0 |
$0 |
| Other Current Liabilities (interest free) |
$0 |
$0 |
$0 |
| Total Current Liabilities |
$0 |
$0 |
$0 |
|
|
|
|
| Long-term Liabilities |
$0 |
$0 |
$4,200 |
| Total Liabilities |
$0 |
$0 |
$4,200 |
|
|
|
|
| Paid-in Capital |
$0 |
$0 |
$15,657 |
| Retained Earnings |
$0 |
$0 |
($1,429) |
| Earnings |
$0 |
$0 |
$0 |
| Total Capital |
$0 |
$0 |
$14,228 |
|
|
|
|
|
|
|
|
| Payment Days |
0 |
0 |
30 |
| Sales on Credit |
$0 |
$0 |
$0 |
| Receivables Turnover |
0.00 |
0.00 |
0.00 |