OTC Bulletin Board

S & P Company Insight for BERGIO INTL INC
 
 Profile

 
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
  Silberstein Ungar, PLLC
Transfer Agent
  Empire Stock Transfer Inc.
Employees:  5
ShareHolders:  39
Founded:  2007
Domicile:  Delaware
 
  
 
 Background

 
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:
Diamond Information Institute, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Paul D. CrawfordPresident & Chief Executive Officer
 Dennis  AtkinsChief Financial Officer & Chief Accounting Officer
 Merlin  LarsonSecretary & Treasurer

Directors
 Dennis  Atkins
 Paul D. Crawford
 Merlin  Larson
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
REVENUES
Sales, Net975,3541,385,620
EXPENSES
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 Derivative1,032-
Other Income1,1791,369
Earnings before Taxes(597,725)(1,195,989)
TAXES AND OTHER EXPENSES
Provision for Income Tax-89,133
Net Income (Loss)(597,725)(1,106,856)
SUPPLEMENTARY INFO
Gross Profit/loss284,646.00537,644.00
Operating Income (Loss)(504,771.00)(1,093,643.00)
Basic EPS - Continuing Operations(0.01)(0.02)
 
Balance Sheet
  20092008
CURRENT ASSETS
Accounts Receivables341,695713,194
Inventories1,378,2711,326,989
Prepaid Expenses2,93739,138
Total Current Assets1,722,9032,079,321
NON CURRENT ASSETS
Property and Equipment, net160,307160,983
Investment in Unconsolidated Affiliate5,0005,000
Total Assets1,888,2102,245,304
CURRENT LIABILITIES
Accounts Payable and Accrued Expenses587,443446,892
Convertible Debt15,925-
Cash-overdraft13,7177,345
Advance from Shareholder, Net463,342394,532
Bank Lines of Credit - Net883,583910,449
Current Maturities of Notes Payable69,33582,015
Current Maturities of Capital Lease22,37523,402
Derivative Liability9,858-
Sales Returns and Allowances Reserve34,808132,353
Total Current Liabilities2,100,3861,996,988
NON CURRENT LIABILITIES
Bank Line of Credit38,380-
Notes Payable150,49897,270
Capital Leases16,71739,092
SHAREHOLDERS' EQUITY
Common Stock - Par Value51,70360,401
Additional Paid in Capital1,627,6471,550,949
Accumulated Deficit(2,097,121)(1,499,396)
Total Shareholders Equity(417,771)111,954
Total Liabilities & Shareholders Equity1,888,2102,245,304
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   1110,000
  2009   1190,000
  2009   2260,000
  2009   3250,000
  2009   4270,000
  2009   Full Year 980,000
  2008   1280,000
  2008   2360,000
  2008   3230,000
  2008   4510,000
  2008   Full Year 1,390,000
  2007   130,000
  2007   2480,000
  2007   3310,000
  2007   4480,000
  2007   Full Year 1,300,000
  2006   Full Year 1,970,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   3Nil
  2009   4Nil
  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$
YearQuarterRevenue
  2010   1Nil
  2009   1(.02)
  2009   2(.01)
  2009   3Nil
  2009   4Nil
  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
 
  
 
 Stock Data

 
 
Capitalization as of 12/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par75,000,00051,703,500
Preferred $0.001 par10,000,000None
 
LONG TERM DEBT: $205,595.
 
Common $0.001 par
 
Stockholders:  12/31/2009, 39.
Transfer Agent:  Empire Stock Transfer Inc.   Henderson , NV
 
OTC Bulletin Board( Primary): BRGO
 
ExchangeYearHighLow
OTC Bulletin Board20090.93000.3200
 
DIVIDENDS: Common $0.001 par: No cash. Common split 12-for-1, Nov. 9, 2009.