Supple Software
Company Summary
Supple Software was founded in 1993 by Ralph Smith to market his Product X software. It was originally installed in a home office, but moved into its present space in 1996. It has added several new products, and has acquired shelf space in the retail market.
2.1 Company Ownership
Supple Software, Inc. is now a subchapter S Corporation owned entirely by founder Ralph Smith and his wife Mabel. It elected to go subchapter S at the beginning of the 1996 tax year, after having previously been subchapter C from founding until then. Its fiscal year is the calendar year. The Oregon corporation was established with 100 shares issued, 51 to Ralph Smith and 49 to Mabel Smith.
2.2 Company History
Supple Software, Inc. was founded in Ourtown in 1993 as Infoplan, a sole proprietorship. In 1994 it was incorporated in Delaware as Infoplan, Inc. In 1996 it was incorporated in California as Supple Software, Inc. Infoplan, Inc. was dissolved.
For most of its existence, this was a one-man consulting company supporting a product company. It kept a very conservative stance on products, advertising with very slim budgets, with marketing depending mainly on published reviews and direct sales, until the market grew.
In 1995 we introduced a new, break-through Product X™, that was the first effective task X software with bundled spreadsheet and word processor along with automatic charts.

Past Performance | |||
1995 | 1996 | 1997 | |
Sales | $384,113 | $464,592 | $695,136 |
Gross Margin | $270,062 | $342,824 | $480,163 |
Gross Margin % | 70.31% | 73.79% | 69.07% |
Operating Expenses | $251,471 | $290,145 | $513,144 |
Collection Period (days) | 0 | 0 | 34 |
Inventory Turnover | 7.00 | 6.00 | 6.00 |
Balance Sheet | |||
1995 | 1996 | 1997 | |
Current Assets | |||
Cash | $0 | $0 | $625 |
Accounts Receivable | $0 | $0 | $124,056 |
Inventory | $0 | $0 | $28,623 |
Other Current Assets | $0 | $0 | $431 |
Total Current Assets | $0 | $0 | $153,735 |
Long-term Assets | |||
Long-term Assets | $0 | $0 | $35,577 |
Accumulated Depreciation | $0 | $0 | $24,247 |
Total Long-term Assets | $0 | $0 | $11,330 |
Total Assets | $0 | $0 | $165,065 |
Current Liabilities | |||
Accounts Payable | $0 | $0 | $36,557 |
Current Borrowing | $0 | $0 | $22,336 |
Other Current Liabilities (interest free) | $0 | $0 | $25,526 |
Total Current Liabilities | $0 | $0 | $84,419 |
Long-term Liabilities | $0 | $0 | $0 |
Total Liabilities | $0 | $0 | $84,419 |
Paid-in Capital | $0 | $0 | $76,960 |
Retained Earnings | $0 | $0 | $36,668 |
Earnings | $0 | $0 | ($32,982) |
Total Capital | $0 | $0 | $80,646 |
Total Capital and Liabilities | $0 | $0 | $165,065 |
Other Inputs | |||
Payment Days | 0 | 0 | 30 |
Sales on Credit | $0 | $0 | $660,379 |
Receivables Turnover | 0.00 | 0.00 | 5.32 |
2.3 Company Locations and Facilities
The company is located in Ourtown, with offices at 100 Main Street. We were started in a home office but we moved to the present space in 1996. We rent 750 square feet for $900 per month. We have a two-year contract limiting rent increases.