Nevada
|
333-149158
|
26-1212244
|
(State Or Other Jurisdiction Of Incorporation Or Organization)
|
(Commission File No.)
|
(IRS Employee Identification No.)
|
1. | McLane Grocery Distribution | 40,000 (locations served) |
2. | Core-Mark Holding Co. | 21,000 |
3. | Eby-Brown Co. | 13,500 |
4. | H.T. Hackney Co. | 25,000 |
5. | GSC Enterprises Inc | 8,000 |
Name
|
Company
|
Serving Size
|
Caffeine per Serving
|
Calories per Serving
|
Sugar per Serving
|
Chews
|
|||||
LiveWire Energy
|
LiveWire Ergogenics
|
1 chew
|
100mg
|
15
|
4g
|
FRS Healthy Energy
|
FRS
|
2 chews
|
20mg
|
40
|
6g
|
Buzz Bites
|
Vroom Foods
|
1 chew
|
100mg
|
25
|
3g
|
Honey Stinger
|
EN-R-G Foods Inc
|
10 chews
|
32mg
|
160
|
24g
|
Clif Bloks
|
Clif Bar
|
3 pcs
|
50mg
|
100
|
12g
|
Hi Octane
|
ToGo Brands
|
1 chew
|
80 - 100mg
|
20
|
3g
|
Gu Chomps
|
GU Energy Labs
|
4 pcs
|
0 mg
|
90
|
11g
|
Drinks
|
|||||
Red Bull
|
Red Bull GBh
|
8.3 fl oz
|
80mg
|
110
|
27 g
|
Monster
|
Hansen's
|
8 fl oz
|
80mg
|
100
|
27g
|
5-Hour Energy
|
Living Essentials
|
2 fl oz
|
138mg
|
4
|
0g
|
Name of Beneficial Owner
|
|
Title of Class
|
|
Amount and
Nature of
Beneficial
Ownership
|
|
Percentage
|
|
Bill Hodson, Board Member, Chief Executive Officer, Treasurer
|
Common Stock
|
9,429,000 | 19% | ||||
Brad J. Nichols, Board Member, President, Chief Operating Officer
|
Common Stock
|
9,729,000 | 19% | ||||
Richard O. Weed, Board Member, Corporate Secretary
|
Common Stock
|
1,600,000 | 3% |
Name
|
Age
|
Position
|
Bill Hodson
|
45
|
Board Member, Chief Executive Officer, Treasurer
|
Brad J. Nichols
|
47
|
Board Member, President, Chief Operating Officer
|
Richard O. Weed
|
49
|
Board Member, Corporate Secretary
|
·
|
take any action which would either alter, change or affect the rights, preferences, privileges or restrictions of the Series A Preferred or increase the number of shares of such series authorized hereby or designate any other series of Preferred Stock;
|
·
|
increase the size of any equity incentive plan(s) or arrangements;
|
·
|
make fundamental changes to the business of the Company;
|
·
|
make any changes to the terms of the Series A Preferred or to the Company’s Articles of Incorporation or Bylaws, including by designation of any stock;
|
·
|
create any new class of shares having preferences over or being on a parity with the Series A Preferred as to dividends or assets, unless the purpose of creation of such class is, and the proceeds to be derived from the sale and issuance thereof are to be used for, the retirement of all Series A Preferred then outstanding;
|
·
|
make any change in the number of authorized directors, currently five (5);
|
·
|
repurchase any of the Company's Common Stock;
|
·
|
sell, convey or otherwise dispose of, or create or incur any mortgage, lien, charge or encumbrance on or security interest in or pledge of, or sell and leaseback, all or substantially all of the property or business of the Company or more than 50% of the stock of the Company;
|
·
|
make any payment of dividends or other distributions or any redemption or repurchase of stock or options or warrants to purchase stock of the Company; or
|
·
|
make any sales of additional Preferred Stock.
|
3.1 | Certificate of Designation of the Series A Preferred Stock | |
10.1 | Purchase Agreement dated June 24, 2011 | |
10.2 | Fee Agreement with Weed & Co. LLP | |
10.3 | Executive Employment Agreement – Brad Nichols | |
10.4 | Executive Employment Agreement – Bill Hodson | |
99.1 | Financial Statements of LIVEWIRE MC2, LLC |
SF Blu Vu, Inc.
|
|||
Dated: September 2, 2011
|
By:
|
/s/Bill J. Hodson
|
|
Bill Hodson
|
|||
Chief Executive Officer
|
|||
ROSS MILLER | ||
Secretary of State | ||
204 North Carson Street, Suite 1 | ||
Carson City, Nevada 89701-4520 | ||
(775) 684-5708 | ||
Website: www.nvsos.gov |
Filed in the office of
Ross Miller
|
Document Number
20110532110-56
|
||
Filing Date and Time
07/19/2011 4:09 PM
|
|||
Certificate of Designation
|
Secretary of State
State of Nevada
|
Entity Number
E0701642007-5
|
|
(PURSUANT TO NRS 78.1955)
|
|||
USE BLACK INK ONLY - DO NOT HIGHLIGHT
|
ABOVE SPACE IS FOR OFFICE USE ONLY
|
1. Name of corporation: | |||
SF BLU VU, INC.
|
|||
2. By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.
|
|||
RESOLVED, that
.
a special class of preferred stock of the Corporation be and are hereby created out of the Ten Million (10,000,000) shares of preferred stock available for issuance, such series to be designed as Series A Preferred Stock, consisting of One Million (1,000,000) shares, of which the preferences and ,relative rights and qualifications, limitations or restrictions thereof (in addition to those set forth in the Corporation's Certificate of Incorporation), shall be as stated on the following pages.
|
|||
3. Effective date of filing: (optional)
|
|||
(must not be later than 90 days after the certificate is filed)
|
|||
4. Signature: (required)
|
|||
X /s/ Richard O. Weed | |||
Signature of Officer
Richard O. Weed, President
|
This form must be accompanied by appropriate fees.
|
Nevada Secretary of State Stock Designation
|
Revised: 3-6-09
|
|
·
|
take any action which would either alter, change or affect the rights, preferences, privileges or restrictions of the Series A Preferred or increase the number of shares of such series authorized hereby or designate any other series of Preferred Stock;
|
|
·
|
increase the size of any equity incentive plan(s) or arrangements;
|
|
·
|
make fundamental changes to the business of the Corporation;
|
|
·
|
make any changes to the terms of the Series A Preferred or to the Corporation's
Articles of Incorporation or Bylaws, including by designation of any stock;
|
|
·
|
create any new class of shares having preferences over or being on a parity with the Series A Preferred as to dividends or assets, unless the purpose of creation of such class is, and the proceeds to be derived from the sale and issuance thereof are to be used for, the retirement of all Series A Preferred then outstanding;
|
|
·
|
make any change in the number of authorized directors, currently five (5);
|
|
·
|
repurchase any of the Corporation's Common Stock;
|
|
·
|
sell, convey or otherwise dispose of, or create or incur any mortgage, lien, charge or encumbrance on or security interest in or pledge of, or sell and leaseback, all or substantially all of the property or business of the Corporation or more than 50% of the stock of the Corporation;
|
|
·
|
make any payment of dividends or other distributions or any redemption or repurchase of stock or options or warrants to purchase stock of the Corporation; or
|
|
·
|
make any sales of additional Preferred Stock.
|
By:
|
/s/ Richard O. Weed | ||
Name: Richard O. Weed | |||
Title: President & Secretary | |||
“Purchaser”
|
||
SF BLU VU, INC., a Nevada corporation
|
||
By: _____________________
|
||
Name: Richard O. Weed
|
||
Title: President
|
LIVEWIRE MC2, LLC
|
||
SSN or EIN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Bill Hodson SSN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Brad Nichols SSN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Danya Thompson SSN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Terry Barnaby SSN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Tony Torgerud SSN __________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Dave Brown SSN
__________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
Jim Beuchler SSN
__________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
LiveWire SW EIN
__________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
|
||
LiveWire NE EIN
__________________________________
|
||
Complete Mailing Address
|
||
_____________________________________________
|
||
_____________________________________________
|
||
_____________________________________________
|
July 1, 2011 |
Very truly yours,
|
||||
|
By:
|
/s/ Richard O. Weed | ||
Richard O. Weed | ||||
Managing Partner | ||||
Approved and Agreed
|
||||
SF Blu Vu, Inc. | ||||
By: /s/ Richard O. Weed | ||||
Name: Richard O. Weed |
A.
|
The sale of substantially all of the Employer's assets to a single purchaser or group of associated purchasers; or
|
B.
|
The sale, exchange, or other disposition, in one transaction of the majority of the Employer's outstanding corporate shares; or
|
C.
|
Any other change of control of the Employer; or
|
D.
|
The Employer's decision to terminate its business and liquidate its assets; or
|
E.
|
The merger or consolidation of the Employer with another company; or
|
F.
|
Bankruptcy or chapter 11 reorganization; or
|
G.
|
Once 12 mo revenue run rate reaches $5 mil.; or
|
H.
|
Upon payment terms agreeable to employee; or
|
I.
|
Termination of employment; or
|
J.
|
Attempted or successful demotion of employee in any way
|
EMPLOYEE | |||
Brad Nichols
|
|||
EMPLOYER | |||
By: | |||
Richard O. Weed, CEO, CFO | |||
SF BLU VU, INC. |
EMPLOYEE | |||
Bill Hodson
|
|||
EMPLOYER | |||
By: | |||
Richard O. Weed, CEO, CFO | |||
SF BLU VU, INC. |
LiveWire MC2, LLC
|
Balance Sheet
|
as at December 31, 2010 & 2009
|
Assets
|
||||||||
2010
|
2009
|
|||||||
Current Assets
|
||||||||
Cash and Cash Equivalents
|
$ | 1,813 | $ | 695 | ||||
Accounts Receivable
|
8,101 | 8,212 | ||||||
Inventory
|
4,000 | 4,000 | ||||||
Total Current Assets
|
13,914 | 12,907 | ||||||
Fixed Assets
|
||||||||
Automobiles
|
15,377 | - | ||||||
Accumulated Depreciation
|
1,538 | - | ||||||
Total Fixed Assets
|
13,839 | - | ||||||
Total Assets
|
$ | 27,753 | $ | 12,907 | ||||
Liabilities and Members' Capital
|
||||||||
Liabilities
|
||||||||
Curent Liabilities
|
||||||||
Accounts Payable
|
$ | 20,753 | $ | 43,195 | ||||
Officers Loans
|
7,410 | 36,960 | ||||||
Total Liabilities
|
28,163 | 80,155 | ||||||
Members' Capital (Deficit)
|
||||||||
Members' Contributions
|
113,000 | 5,000 | ||||||
Accumularted Deficit
|
(113,410 | ) | (72,248 | ) | ||||
Members' Capital (Deficit)
|
(410 | ) | (67,248 | ) | ||||
Total Liabilities and Members' Capital (Deficit)
|
$ | 27,753 | $ | 12,907 |
LiveWire MC2, LLC
|
Statement of Operations
|
for the year ended and three months ended December 31, 2010 and 2009
|
For the three months ended
|
For the year ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2010
|
2009
|
2010
|
2009
|
|||||||||||||
Sales
|
$ | 11,278 | $ | 25,508 | $ | 147,564 | $ | 160,840 | ||||||||
Cost of goods sold
|
807 | 30,251 | 91,439 | 140,372 | ||||||||||||
Gross Profit
|
10,471 | (4,743 | ) | 56,125 | 20,468 | |||||||||||
Selling Costs
|
||||||||||||||||
Promotion
|
2,648 | 1,134 | 14,307 | 17,155 | ||||||||||||
General and Administrative Costs
|
||||||||||||||||
Advertising
|
9,904 | 1,340 | 17,551 | 1,365 | ||||||||||||
Professional Fees
|
90 | 1,135 | 810 | 1,595 | ||||||||||||
Shipping Cost
|
1,331 | 3,580 | 6,195 | 14,175 | ||||||||||||
Bad Debts
|
- | 4,944 | - | 4,944 | ||||||||||||
Depreciation
|
769 | - | 1,538 | - | ||||||||||||
Other General and Administrative Costs
|
9,896 | 10,412 | 45,944 | 30,356 | ||||||||||||
21,990 | 21,411 | 72,038 | 52,435 | |||||||||||||
Total Expenses
|
24,638 | 22,545 | 86,345 | 69,590 | ||||||||||||
Net Income before other income and expenses
|
(14,167 | ) | (27,288 | ) | (30,220 | ) | (49,122 | ) | ||||||||
Other Income & Expenses
|
||||||||||||||||
Interest Expense
|
$ | (10,157 | ) | $ | (300 | ) | $ | (10,942 | ) | $ | (992 | ) | ||||
Net Income
|
(24,324 | ) | (27,588 | ) | (41,162 | ) | (50,114 | ) |
LiveWire MC2, LLC
|
Statement of Changes in Stockholders' Equity
|
For the period from Incorporation, January 7, 2008, to December 31, 2010
|
Members'
|
Accumulated
|
Members'
|
||||||||||
Contributions
|
Deficit
|
Equity
|
||||||||||
Balances at Incorporation, January 7, 2008
|
$ | - | $ | - | $ | - | ||||||
Members' Contributions
|
5,000 | - | 5,000 | |||||||||
Net loss, period ended December 31, 2008
|
(22,134 | ) | (22,134 | ) | ||||||||
Balances at December 31, 2008
|
$ | 5,000 | $ | (22,134 | ) | $ | (17,134 | ) | ||||
Net loss, year ended December 31, 2009
|
(50,114 | ) | (50,114 | ) | ||||||||
Balances at December 31, 2009
|
$ | 5,000 | $ | (72,248 | ) | $ | (67,248 | ) | ||||
Members' contributions in 2010
|
108,000 | 108,000 | ||||||||||
Net loss, year ended December 31, 2010
|
(41,162 | ) | (41,162 | ) | ||||||||
Balances at December 31, 2010
|
$ | 113,000 | $ | (113,410 | ) | $ | (410 | ) | ||||
Live Wire MC2, LLC
|
Statement of Cash Flows
|
For the year ended December 31, 2010 and 2009
|
2010
|
2009
|
|||||||
Cash Flows From Operating Activities:
|
||||||||
Net Income (Loss)
|
$ | (41,162 | ) | $ | (50,114 | ) | ||
Adjustments to reconcile net loss to net cash
|
||||||||
used by operating activities:
|
||||||||
Depreciation
|
1,538 | - | ||||||
Change in operating assets and liabilities:
|
||||||||
Accounts Receivable
|
111 | (5,328 | ) | |||||
Accounts Payable
|
(22,442 | ) | 24,641 | |||||
Net Cash (Used by) Operating Activities
|
(61,955 | ) | (30,801 | ) | ||||
Cash Flows From Investing Activities
|
||||||||
Fixed Assets
|
(15,377 | ) | - | |||||
Net Cash (used by) Investing Activities
|
(15,377 | ) | - | |||||
Cash Flows From Financing Activities
|
||||||||
Members' Contributions
|
108,000 | - | ||||||
Proceeds of loan from officers
|
(29,550 | ) | 29,110 | |||||
Net Cash provided by Financing Activities
|
78,450 | 29,110 | ||||||
1,118 | (1,691 | ) | ||||||
Net Increase in Cash
|
||||||||
695 | 2,386 | |||||||
Cash at Beginning of Period
|
||||||||
$ | 1,813 | $ | 695 | |||||
Cash at End of Period
|
||||||||
Cash Paid: Interest
|
$ | 10,942 | $ | 992 | ||||
Income Taxes
|
$ | - | $ | - |
2010 | 2009 | |||||||
Finished Goods
|
||||||||
$ | 4,000 | $ | 4,000 |
2010
|
2009
|
|||||||
Equipment (Auto)
|
$ | 15,377 | $ | 0 | ||||
Accumulated depreciation
|
(1,538 | ) | 0 | |||||
|
$ | 13,839 | $ | 0 | ||||
Depreciation | $ | 1,538 | $ | 0 |
2010 | 2009 | |||||
$ | 7,410 | $ | 36,960 |
LiveWire MC2, LLC
|
||||||
Balance Sheet
|
||||||
as at March 31, 2011 (Unaudited) & December 31, 2010
|
March 31
|
December 31,
|
|||||||
Assets
|
2011
|
2010
|
||||||
(Unaudited)
|
||||||||
Current Assets
|
||||||||
Cash and Cash Equivalents
|
$ | 12,759 | $ | 1,813 | ||||
Accounts Receivable
|
4,090 | 8,101 | ||||||
Inventory
|
4,000 | 4,000 | ||||||
Total Current Assets
|
20,849 | 13,914 | ||||||
Fixed Assets
|
||||||||
Automobiles
|
15,377 | 15,377 | ||||||
Accumulated Depreciation
|
2,307 | 1,538 | ||||||
Total Fixed Assets
|
13,070 | 13,839.00 | ||||||
Total Assets
|
$ | 33,919 | $ | 27,753 | ||||
Liabilities and Members' Capital
|
||||||||
Liabilities
|
||||||||
Curent Liabilities
|
||||||||
Accounts Payable
|
$ | 521,624 | $ | 20,753 | ||||
Officers' Loans
|
7,410 | 7,410 | ||||||
Total Liabilities
|
529,034 | 28,163 | ||||||
Members' Capital (Deficit)
|
||||||||
Members' Contributions
|
128,000 | 113,000 | ||||||
Accumulated Deficit
|
(623,115 | ) | (113,410 | ) | ||||
Members' Capital (Deficit)
|
(495,115 | ) | (410 | ) | ||||
Total Liabilities and Members' Capital (Deficit)
|
$ | 33,919 | $ | 27,753 |
LiveWire MC2, LLC
|
Statement of Operations
|
For the Three Months Ended March 31, 2011 and 2010
|
Unaudited
|
For the three months ended
|
||||||||
March 31,
|
||||||||
2011
|
2010
|
|||||||
Income
|
||||||||
Sales
|
$ | 22,562 | $ | 55,617 | ||||
Cost of goods sold
|
22,899 | 9,381 | ||||||
Gross Profit
|
(337 | ) | 46,236 | |||||
Selling Costs
|
||||||||
Promotion
|
3,580 | 2,993 | ||||||
General and Administrative Costs
|
||||||||
Marketing Expenses
|
443,682 | |||||||
Advertising
|
2,062 | 552 | ||||||
Professional Fees
|
3,392 | - | ||||||
Shipping Cost
|
3,876 | 1,880 | ||||||
Bad Debts
|
- | - | ||||||
Depreciation
|
769 | - | ||||||
Other General and Administrative Costs
|
51,755 | 5,466 | ||||||
505,536 | 7,898 | |||||||
Total Expenses
|
509,116 | 10,891 | ||||||
Net Income before other income and expenses
|
(509,453 | ) | 35,345 | |||||
Other Income & Expenses
|
||||||||
Interest Expense
|
$ | (252 | ) | $ | (164 | ) | ||
Net Income
|
(509,705 | ) | 35,181 |
LiveWire MC2, LLC
|
Statement of Changes in Stockholders' Equity
|
For the period from Incorporation, January 7, 2008, to March 31, 2011
|
Members'
|
Accumulated
|
Members'
|
||||||||||
Contributions
|
Deficit
|
Equity
|
||||||||||
Balances at Incorporation, January 7, 2008
|
$ | - | $ | - | $ | - | ||||||
Members' Contributions
|
5,000 | - | 5,000 | |||||||||
Net loss, period ended December 31, 2008
|
(22,134 | ) | (22,134 | ) | ||||||||
Balances at December 31, 2008
|
$ | 5,000 | $ | (22,134 | ) | $ | (17,134 | ) | ||||
Net loss, year ended December 31, 2009
|
(50,114 | ) | (50,114 | ) | ||||||||
Balances at December 31, 2009
|
$ | 5,000 | $ | (72,248 | ) | $ | (67,248 | ) | ||||
Members' contributions in 2010
|
108,000 | 108,000 | ||||||||||
Net loss, year ended December 31, 2010
|
(41,162 | ) | (41,162 | ) | ||||||||
Balances at December 31, 2010
|
113,000 | (113,410 | ) | (410 | ) | |||||||
Members' contributions in March 31, 2011
|
15,000 | 15,000 | ||||||||||
Net loss, three months ended March 31, 2011
|
(509,705 | ) | (509,705 | ) | ||||||||
Balances at March 31, 2011
|
$ | 128,000 | $ | (623,115 | ) | $ | (495,115 | ) |
Live Wire MC2, LLC
|
Statement of Cash Flows
|
For the Three Months Ended March 31, 2011 and 2010
|
(Unaudited)
|
For the three month ended
|
||||||||
March 31,
|
||||||||
2011
|
2010
|
|||||||
Cash Flows From Operating Activities:
|
||||||||
Net Income (Loss)
|
(509,705 | ) | $ | 35,182 | ||||
Adjustments to reconcile net loss to net cash
|
||||||||
used by operating activities:
|
||||||||
Depreciation
|
769 | - | ||||||
Change in operating assets and liabilities:
|
||||||||
Accounts Receivable
|
4,010 | 3,356 | ||||||
Accounts Payable
|
500,872 | (18,140 | ) | |||||
Credit Cards
|
- | 7,834 | ||||||
Net Cash (Used by) Operating Activities
|
(4,054 | ) | 28,232 | |||||
Cash Flows From Financing Activities
|
||||||||
Members' Contributions
|
15,000 | - | ||||||
Proceeds of loan from officers
|
||||||||
Net Cash provided by Financing Activities
|
15,000 | - | ||||||
Net Increase in Cash
|
10,946 | 28,232 | ||||||
Cash at Beginning of Period
|
1,813 | 695 | ||||||
Cash at End of Period
|
12,759 | 28,927 | ||||||
Cash Paid For:
|
||||||||
Interest
|
$ | - | $ | - | ||||
Income Taxes
|
$ | - | $ | - |
2011
|
2010
|
|||||||
Equipment (Auto)
|
$ | 15,377 | $ | 0 | ||||
Accumulated depreciation
|
(1,538 | ) | 0 | |||||
|
$ | 13,839 | $ | 0 | ||||
Depreciation | $ | 769 | $ | 0 |
March 31, | ||||||
2011 | 2010 | |||||
$ | 7,410 | $ | 36,960 |
LiveWire MC2, LLC
|
Balance Sheet
|
as at June 30, 2011 (Unaudited) & December 31, 2010
|
June 30,
|
December 31,
|
|||||||
Assets
|
2011
|
2010
|
||||||
(Unaudited)
|
||||||||
Current Assets
|
||||||||
Cash and Cash Equivalents
|
$ | 3,183 | $ | 1,813 | ||||
Accounts Receivable
|
120,023 | 8,101 | ||||||
Inventory
|
54,341 | 4,000 | ||||||
Total Current Assets
|
177,547 | 13,914 | ||||||
Fixed Assets
|
||||||||
Automobiles
|
15,377 | 15,377 | ||||||
Accumulated Depreciation
|
3,076 | 1,538 | ||||||
Total Fixed Assets
|
12,301 | 13,839.00 | ||||||
Total Assets
|
$ | 189,848 | $ | 27,753 | ||||
Liabilities and Members' Capital
|
||||||||
Liabilities
|
||||||||
Current Liabilities
|
||||||||
Accounts Payable
|
$ | 521,738 | $ | 20,753 | ||||
Officers' Loans
|
55,000 | 7,410 | ||||||
Total Liabilities
|
576,738 | 28,163 | ||||||
Members' Capital (Deficit)
|
||||||||
Members' Contributions
|
128,000 | 113,000 | ||||||
Accumularted Deficit
|
(514,890 | ) | (113,410 | ) | ||||
Members' Capital (Deficit)
|
(386,890 | ) | (410 | ) | ||||
Total Liabilities and Members' Capital (Deficit)
|
$ | 189,848 | $ | 27,753 |
LiveWire MC2, LLC
|
Statement of Operations
|
For the Six Months and Three Months ended June 30, 2010
|
Unaudited
|
For the three months ended
|
For the six months ended
|
|||||||||||||||
June 30,
|
June 30,
|
|||||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||||
Income
|
||||||||||||||||
Sales
|
$ | 347,118 | $ | 76,626 | $ | 369,680 | $ | 132,243 | ||||||||
Cost of goods sold
|
169,602 | 76,706 | 192,501 | 86,087 | ||||||||||||
Gross Profit
|
177,516 | (80 | ) | 177,179 | 46,156 | |||||||||||
Selling Costs
|
||||||||||||||||
Promotion
|
3,270 | 3,328 | 6,850 | 6,321 | ||||||||||||
Marketing
|
427 | 621 | 443,682 | - | ||||||||||||
3,697 | 3,949 | 450,532 | 6,321 | |||||||||||||
General and Administrative Costs
|
||||||||||||||||
Advertising
|
1,992 | 837 | 4,054 | 1,389 | ||||||||||||
Professional Fees
|
- | - | 3,392 | - | ||||||||||||
Shipping Cost
|
10,319 | 5,054 | 14,195 | 6,934 | ||||||||||||
Depreciation
|
769 | - | 1,538 | - | ||||||||||||
Other General and Administrative Costs
|
53,176 | 17,342 | 104,033 | 22,713 | ||||||||||||
66,256 | 23,233 | 127,212 | 31,036 | |||||||||||||
Total Expenses
|
69,953 | 27,182 | 577,744 | 37,357 | ||||||||||||
Net Income before other income and expenses
|
107,563 | (27,262 | ) | (400,565 | ) | 8,799 | ||||||||||
Other Income & Expenses
|
||||||||||||||||
Interest Expense
|
$ | 663 | $ | 358 | $ | (915 | ) | $ | (522 | ) | ||||||
Net Income
|
108,226 | (26,904 | ) | (401,480 | ) | 8,277 |
LiveWire MC2, LLC
|
||||||
Statement of Changes in Stockholders' Equity
|
||||||
For the period from Incorporation, January 7, 2008, to June 30, 2011
|
Members'
|
Accumulated
|
Members'
|
||||||||||
Contributions
|
Deficit
|
Equity
|
||||||||||
Balances at Incorporation, January 7, 2008
|
$ | - | $ | - | $ | - | ||||||
Members' Contributions
|
5,000 | - | 5,000 | |||||||||
Net loss, period ended December 31, 2008
|
(22,134 | ) | (22,134 | ) | ||||||||
Balances at December 31, 2008
|
$ | 5,000 | $ | (22,134 | ) | $ | (17,134 | ) | ||||
Net loss, year ended December 31, 2009
|
(50,114 | ) | (50,114 | ) | ||||||||
Balances at December 31, 2009
|
$ | 5,000 | $ | (72,248 | ) | $ | (67,248 | ) | ||||
Members' contributions in 2010
|
108,000 | 108,000 | ||||||||||
Net loss, year ended December 31, 2010
|
(41,162 | ) | (41,162 | ) | ||||||||
Balances at December 31, 2010
|
113,000 | (113,410 | ) | (410 | ) | |||||||
Members' contributions in March 31, 2011
|
15,000 | 15,000 | ||||||||||
Net Income, for the period ended June 30, 2011
|
(401,480 | ) | (401,480 | ) | ||||||||
Balances at June 30, 2011
|
$ | 128,000 | $ | (514,890 | ) | $ | (386,890 | ) |
Live Wire MC2, LLC
|
Statement of Cash Flows
|
(Unaudited)
|
For the six months ended,
|
||||||||
June 30,
|
||||||||
2011
|
2010
|
|||||||
Cash Flows From Operating Activities:
|
||||||||
Net Income (Loss)
|
(401,479 | ) | $ | 8,277 | ||||
Adjustments to reconcile net loss to net cash
|
||||||||
used by operating activities:
|
||||||||
Depreciation
|
1,538 | - | ||||||
Change in operating assets and liabilities:
|
||||||||
Accounts Receivable
|
(111,923 | ) | 7,353 | |||||
Inventory
|
(50,341 | ) | - | |||||
Accounts Payable
|
500,985 | (5,391 | ) | |||||
Net Cash (Used by) Operating Activities
|
(61,220 | ) | 10,239 | |||||
Cash Flows From Investing Activities
|
||||||||
Purchase of equipment
|
- | (7,116 | ) | |||||
Net Cash (used by) Investing Activities
|
- | (7,116 | ) | |||||
Cash Flows From Financing Activities
|
||||||||
Members' Contributions
|
15,000 | 50,000 | ||||||
Proceeds (repayment) of loan from officers
|
47,590 | (10,550 | ) | |||||
Net Cash provided by Financing Activities
|
62,590 | 39,450 | ||||||
Net Increase in Cash
|
1,370 | 42,573 | ||||||
Cash at Beginning of Period
|
1,813 | 695 | ||||||
Cash at End of Period
|
3,183 | 43,268 | ||||||
Cash Paid For:
|
||||||||
Interest
|
$ | 915 | $ | 522 | ||||
Income Taxes
|
$ | - | $ | - | ||||
June 30, | ||||||||
2011
|
2010
|
|||||||
Equipment (Auto)
|
$ | 15,377 | $ | 7,116 | ||||
Accumulated depreciation
|
(3,076 | ) | 0 | |||||
|
$ | 12,301 | $ | 7,116 | ||||
Depreciation | $ | 1,538 | $ | 0 |
June 30, | ||||||
2011 | 2010 | |||||
$ | 55,000 | $ | 26,410 |