OTC Bulletin Board
S & P Company Insight for BERGIO INTL INC |
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Profile
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| Business Summary: Bergio International, Inc. engages in designing, manufacturing, and distributing upscale jewelry in the United States. The company offers a range of products made from precious metals, such as gold, Karat gold, and platinum, as well as diamonds and other precious stones. | | | Address 12 Daniel Road East, Suite 301
Fairfield
, NJ 07004-2536
Phone: 973-227-3230
Website: http://www.bergio.com
| | Auditor |
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Silberstein Ungar, PLLC
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Empire Stock Transfer Inc.
| Employees: 5 ShareHolders: 39 | Founded: 2007 Domicile: Delaware | | | |
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Background
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| Bergio International, Inc. engages in designing, manufacturing, and distributing upscale jewelry in the United States. The company offers a range of products made from precious metals, such as gold, Karat gold, and platinum, as well as diamonds and other precious stones. It offers a collection of charms, crosses, and other add-on pieces; fashion jewelry, including necklaces, pendants, earrings, bracelets, and rings; couture line; and bridal line, which comprise wedding sets, engagement rings, and wedding bands for both men and women. The company sells its products to distributors, retailers, and other wholesalers directly in the United States. As of December 31, 2009, Bergio International sells its jewelry to approximately 150 independent jewelry retailers in the United States. The company is headquartered in Fairfield, New Jersey. As of March 18, 2010, Bergio International, Inc. operates as a subsidiary of Macau Consultants and Advisory Services Inc. | | History: INCORPORATED in Delaware July 24, 2007, as Alba Mineral Exploration, Inc.; name changed to Bergio International, Inc. Oct. 21, 2009. On Oct. 19, 2009, the company acquired all of the issued and outstanding shares of Diamond Information Institute, Inc. for 2,585,175 Common shares of the company. In a separate transaction, the company sold its former mineral exploration business in exchange for the cancellation and return of 3,310,000 Common shares of the company.
Diamond Information Institute, Inc. was incorporated in New Jersey in October 1988 and had minimal activity until 1995 when it commenced its business of jewelry manufacturing. | | | | Subsidiaries: |
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Diamond Information Institute, Inc.
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Management
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Management
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| Officers | Position |
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| Paul D. Crawford | President & Chief Executive Officer | | Dennis Atkins | Chief Financial Officer & Chief Accounting Officer | | Merlin Larson | Secretary & Treasurer |
| | Directors |
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| Dennis Atkins | | Paul D. Crawford | | Merlin Larson | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Sales, Net | 975,354 | 1,385,620 | | EXPENSES |
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| | Cost of Sales | (690,708) | (847,976) | | Selling Expenses | (212,709) | (368,664) | | Others | (508,708) | (495,123) | | Share-based Compensation | (20,000) | (317,500) | | Common Stock Issued for Professional Services | (48,000) | (450,000) | | Interest Expense | (93,350) | (103,715) | | Amortization of Debt & Discount | (1,815) | - | | Change in Fair Value of Derivative | 1,032 | - | | Other Income | 1,179 | 1,369 | | Earnings before Taxes | (597,725) | (1,195,989) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | - | 89,133 | | Net Income (Loss) | (597,725) | (1,106,856) | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 284,646.00 | 537,644.00 | | Operating Income (Loss) | (504,771.00) | (1,093,643.00) | | Basic EPS - Continuing Operations | (0.01) | (0.02) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Accounts Receivables | 341,695 | 713,194 | | Inventories | 1,378,271 | 1,326,989 | | Prepaid Expenses | 2,937 | 39,138 | | Total Current Assets | 1,722,903 | 2,079,321 | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 160,307 | 160,983 | | Investment in Unconsolidated Affiliate | 5,000 | 5,000 | | Total Assets | 1,888,210 | 2,245,304 | | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Expenses | 587,443 | 446,892 | | Convertible Debt | 15,925 | - | | Cash-overdraft | 13,717 | 7,345 | | Advance from Shareholder, Net | 463,342 | 394,532 | | Bank Lines of Credit - Net | 883,583 | 910,449 | | Current Maturities of Notes Payable | 69,335 | 82,015 | | Current Maturities of Capital Lease | 22,375 | 23,402 | | Derivative Liability | 9,858 | - | | Sales Returns and Allowances Reserve | 34,808 | 132,353 | | Total Current Liabilities | 2,100,386 | 1,996,988 | | NON CURRENT LIABILITIES |
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| | Bank Line of Credit | 38,380 | - | | Notes Payable | 150,498 | 97,270 | | Capital Leases | 16,717 | 39,092 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 51,703 | 60,401 | | Additional Paid in Capital | 1,627,647 | 1,550,949 | | Accumulated Deficit | (2,097,121) | (1,499,396) | | Total Shareholders Equity | (417,771) | 111,954 | | Total Liabilities & Shareholders Equity | 1,888,210 | 2,245,304 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 110,000 | | 2009 |
1 | 190,000 | | 2009 |
2 | 260,000 | | 2009 |
3 | 250,000 | | 2009 |
4 | 270,000 | | 2009 |
Full Year
| 980,000 | | 2008 |
1 | 280,000 | | 2008 |
2 | 360,000 | | 2008 |
3 | 230,000 | | 2008 |
4 | 510,000 | | 2008 |
Full Year
| 1,390,000 | | 2007 |
1 | 30,000 | | 2007 |
2 | 480,000 | | 2007 |
3 | 310,000 | | 2007 |
4 | 480,000 | | 2007 |
Full Year
| 1,300,000 | | 2006 |
Full Year
| 1,970,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| (600,000) | | 2008 |
Full Year
| (1,110,000) | | 2007 |
Full Year
| (1,170,000) | | 2006 |
Full Year
| 60,000 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
1 | (.02) | | 2009 |
2 | (.01) | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| (.01) | | 2008 |
1 | (.02) | | 2008 |
2 | (.01) | | 2008 |
3 | (.02) | | 2008 |
4 | (.03) | | 2008 |
Full Year
| (.09) | | 2007 |
1 | (.01) | | 2007 |
2 | (.03) | | 2007 |
3 | (.03) | | 2007 |
4 | .01 | | 2007 |
Full Year
| (.07) | | 2006 |
Full Year
| Nil |
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Stock Data
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| | | Capitalization as of 12/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 75,000,000 | 51,703,500 | | Preferred $0.001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: $205,595. | | | | Common $0.001 par | | | |
Stockholders:
12/31/2009,
39.
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Transfer Agent: Empire Stock Transfer Inc.
Henderson
, NV | | | | OTC Bulletin Board( Primary): BRGO | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.9300 | 0.3200 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 12-for-1, Nov. 9, 2009. | | | | | |
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