NaviTag Technologies, LLC
Company Summary
NaviTag Technologies is incorporated as a limited liability company in the state of Delaware and is headquartered in Boston, Massachusetts. The Company shareholders are founders, president – CTO Jim Galley and president worldwide operations Robert Magown.
2.1 Start-up Summary
Our start-up costs are mostly stationery, legal costs, and expenses associated with opening our offices. The start-up costs are to be financed by direct owner investment. The assumptions are shown in the following tables and chart.
| Start-up Funding | |
| Start-up Expenses to Fund | $33,000 |
| Start-up Assets to Fund | $2,977,000 |
| Total Funding Required | $3,010,000 |
| Assets | |
| Non-cash Assets from Start-up | $0 |
| Cash Requirements from Start-up | $2,977,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $2,977,000 |
| Total Assets | $2,977,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $0 |
| Capital | |
| Planned Investment | |
| Bob Magown | $5,000 |
| Jim Galley | $5,000 |
| Venture | $3,000,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $3,010,000 |
| Loss at Start-up (Start-up Expenses) | ($33,000) |
| Total Capital | $2,977,000 |
| Total Capital and Liabilities | $2,977,000 |
| Total Funding | $3,010,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $5,000 |
| Stationery etc. | $1,000 |
| Brochures | $15,000 |
| Consultants | $2,000 |
| Insurance | $5,000 |
| Accounting | $5,000 |
| Research and Development | $0 |
| Expensed Equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $33,000 |
| Start-up Assets | |
| Cash Required | $2,977,000 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $2,977,000 |
| Total Requirements | $3,010,000 |
2.2 Company Locations and Facilities
NaviTag Technologies currently operates from two facilities. The corporate headquarters is located at 123 Main St., Boston, Massachusetts, and is the sales and finance center for the company. Development and production are managed from our office in New York.
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