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Web Solutions, Inc.

Company Summary

Web Solutions, Inc. is a C-class corporation, incorporated in the State of Arizona in July, 1997. The company’s principal offices are currently located in Phoenix, AZ. All operations, from administration to product development, take place at this leased office location. The company plans to move to a bigger facility as it expands and its staff grows beyond its current four full-time employees.

Isp business plan, company summary chart image

Past Performance
1997 1998 1999
Sales $550,000 $825,000 $1,237,500
Gross Margin $490,000 $765,000 $1,177,500
Gross Margin % 89.09% 92.73% 95.15%
Operating Expenses $160,100 $180,100 $200,100
Collection Period (days) 0 0 0
Balance Sheet
1997 1998 1999
Current Assets
Cash $50,050 $75,075 $112,613
Accounts Receivable $10,875 $15,400 $23,500
Other Current Assets $15,400 $23,100 $34,650
Total Current Assets $76,325 $113,575 $170,763
Long-term Assets
Long-term Assets $147,400 $221,100 $331,650
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $147,400 $221,100 $331,650
Total Assets $223,725 $334,675 $502,413
Current Liabilities
Accounts Payable $50,750 $65,125 $70,688
Current Borrowing $40,150 $60,225 $90,337
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $90,900 $125,350 $161,025
Long-term Liabilities $287,100 $430,650 $645,975
Total Liabilities $378,000 $556,000 $807,000
Paid-in Capital $0 $0 $0
Retained Earnings ($154,275) ($221,325) ($304,587)
Earnings $0 $0 $0
Total Capital ($154,275) ($221,325) ($304,587)
Total Capital and Liabilities $223,725 $334,675 $502,413
Other Inputs
Payment Days 0 0 0
Sales on Credit $0 $0 $0
Receivables Turnover 0.00 0.00 0.00

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