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CrowdGather, Inc.
Symbol:  CRWG


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Business Summary: CrowdGather, Inc. specializes in monetizing a network of online forums and message boards designed to engage, provide information to and build community around users. It is in the process of building a social, advertising, and user generated content network.
 
Address
  20300 Ventura Blvd., Suite 330
  Woodland Hills , CA 91364
  Phone: 818-435-2472
  Fax: 818-435-2473
  Website: http://www.crowdgather.com
Auditor
  Q Accountancy Corporation
Transfer Agent
  Holladay Stock Transfer, Inc.
Employees:  8
ShareHolders:  41
Founded:  2005
Domicile:  Nevada
 
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CrowdGather, Inc.
Symbol:  CRWG


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CrowdGather, Inc. is an Internet company that specializes in developing and hosting forum based websites. The company is headquartered in Woodland Hills, California. CrowdGather specializes in monetizing a network of online forums and message boards designed to engage, provide information to and build community around users. The company is in the process of building a social, advertising, and user generated content network by consolidating existing groups of online users that post on message boards and forums. Part of the company's growth strategy includes identifying and acquiring web properties. The company has been researching potential opportunities to acquire online forums within targeted content and advertising verticals in its industry in order to expand its operations. In addition to the over 70 properties and 300 domain names acquired through mid-September 2009, CrowdGather also maintains ongoing discussions with representatives of certain web properties and other companies that may be interested in being acquired by the company or entering into a joint venture agreement with it. The network that CrowdGather creates will rely initially upon the company's own properties, but it is CrowdGather's goal to build a network that is open to third-party owned forums as well. Ultimately, the integration of these message board communities on the company's central CrowdGather platform will allow for the creation of three things: a user generated content network driven by a proprietary search interface; a social network powered by central ID and log-on management through the company's proprietary user profile; and an advertising network that allows CrowdGather to leverage the targeted demographics of the combined network in order to generate the highest advertising rates for all of its member sites. The CrowdGather Network represents (as of September 2009) an aggregate of approximately 16 to 20 million monthly page views, 1.3 to 1.7 million monthly unique visitors, and 1.7 million discussions comprising over 40.5 million individual replies. Additionally, approximately 2.9 million users have registered on CrowdGather Network sites through mid-September 2009. CrowdGather also intends to develop, market and sell products that are focused on expanding its visibility among owners of forums. The first such product will be the company's proprietary forum Content Management System (CMS), CrowdReport. The company anticipates that the initial free version of its CrowdReport CMS will be available for distribution beginning in October 2009.
History:  INCORPORATED in Nevada Apr. 20, 2005, as WestCoast Golf Experiences, Inc.; name changed to CrowdGather, Inc. Apr. 8, 2008. On Apr. 8, 2008, General Mayhem LLC merged into a wholly owned subsidiary of the company, and the company's subsidiary, in turn, merged into the company. The company issued an aggregate of 26,000,000 Common shares to former members of General Mayhem LLC. General Mayhem LLC was organized in California on May 6, 2004.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2010  33
  2009  90
  2008  19
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2008  0
 
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CrowdGather, Inc.
Symbol:  CRWG


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Management
OfficersPosition
 Sanjay  SabnaniChairman & Chief Executive Officer
 Gaurav Inder SinghTreasurer, Chief Financial Officer & Chief Accounting Officer
 Fernando  MunozChief Technology Officer
 Gaurav I. SinghInvestor Relations Contact

Directors
 Jonathan  Dariyanani
 Jonathan  Daryianani
 Sanjay  Sabnani
 James A. Sacks
 Chuck  Timpe
 
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CrowdGather, Inc.
Symbol:  CRWG


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Capitalization as of 04/30/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par975,000,00039,823,462
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  04/30/2010, 41.
Transfer Agent:  Holladay Stock Transfer, Inc.   Scottsdale , AZ
 
OTC Bulletin Board( Primary): CRWG
 
ExchangeYearHighLow
OTC Bulletin Board20091.65000.1500
OTC Bulletin Board20082.30001.0000
 
DIVIDENDS: Common $0.001 par: No cash. Common split 13-for-1, ex-Mar. 27, 2008.
 
 
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CrowdGather, Inc.
Symbol:  CRWG


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Annual Report
 
Income Statement
  20102009
REVENUES
Revenues309,781112,546
EXPENSES
Payroll & Related Expenses(783,636)(940,352)
General and Administrative(1,519,865)(1,549,348)
Interest Expense(146,230)(62,283)
Interest Expense - Debt Discount Amortization(727,357)-
Interest Income1,9841,230
Loss on Extinguishments of Debt(563,571)-
Earnings before Taxes(3,428,894)(2,438,207)
TAXES AND OTHER EXPENSES
Provision for Income Tax(800)(800)
Net Income (Loss)(3,429,694)(2,439,007)
SUPPLEMENTARY INFO
Operating Income (Loss)(1,993,720)(2,377,154)
Net loss per share basic and diluted (0.08)(0.06)
 
Balance Sheet
  20102009
ASSETS:
CURRENT ASSETS
Cash589,4082,601
Prepaid Expenses and Deposit17,2248,472
Advance to Employees25,615-
Total Current Assets632,24711,073
NON CURRENT ASSETS
Property and Equipment82,72183,951
Intangible Assets1,980,663606,610
Total Assets2,695,631701,634
LIABILITIES:
CURRENT LIABILITIES
Accounts Payable103,19324,629
Other Accrued Liabilities63,8719,040
Accrued Interest-62,283
Accrued Vacations40,63321,238
Notes Payable-50,000
Convertible Notes Payable-1,162,000
Unearned Revenue-12,500
Total Current Liabilities207,6971,341,690
SHAREHOLDERS' EQUITY
Common Stock - Par Value39,82340,685
Additional Paid in Capital8,763,6612,205,115
Accumulated Deficit(6,315,550)(2,885,856)
Total Shareholders Equity2,487,934(640,056)
Total Liabilities & Shareholders Equity2,695,631701,634
 
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CrowdGather, Inc.
Symbol:  CRWG


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Interim Report   
 
Data Not Available
 
 
 
 
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CrowdGather, Inc.
Symbol:  CRWG


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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CrowdGather, Inc.
Symbol:  CRWG


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   150,000
  2010   260,000
  2010   380,000
  2010   4120,000
  2010   Full Year 310,000
  2009   110,000
  2009   220,000
  2009   340,000
  2009   450,000
  2009   Full Year 110,000
  2008   110,000
  2008   Full Year 20,000
  2007   Full Year 20,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2010   2Nil
  2010   3Nil
  2010   4Nil
  2010   Full Year (3,430,000)
  2009   Full Year (2,440,000)
  2008   Full Year (410,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.03)
  2010   2(.01)
  2010   3(.01)
  2010   4(.02)
  2010   Full Year (.08)
  2009   1(.01)
  2009   2(.02)
  2009   3(.02)
  2009   4(.01)
  2009   Full Year (.06)
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4(.01)
  2008   Full Year (.01)
  2007   Full Year Nil
 
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