OTC Bulletin Board

S & P Company Insight for ENABLE HOLDINGS INC
 
 Profile

 
Business Summary: As of December 29, 2005, Cape Coastal Trading Corp. was acquired by Enable Holdings, Inc., in a reverse merger transaction. Cape Coastal Trading Corporation, a development stage company, does not have significant operations.
 
Address
  8725 W. Higgins Road, Suite 900
  Chicago , IL 60631
  Phone: 773-272-5000
  Website: http://www.enableholdings.com
Auditor
  BDO Seidman, LLP
  Chicago
Transfer Agent
  Pacific Stock Transfer Co.
Employees:  72
ShareHolders:  277
Founded:  2002
Domicile:  Delaware
 
  
 
 Background

 
As of December 29, 2005, Cape Coastal Trading Corp. was acquired by Enable Holdings, Inc., in a reverse merger transaction. Cape Coastal Trading Corporation, a development stage company, does not have significant operations. It seeks for a business combination through purchase of assets, share purchase or exchange, merger, other business combination, or similar type of transaction. Previously, the company imported artworks and crafts produced primarily from Ghana, Africa and sold to vendors and customers in the United States. Cape Coastal Trading was incorporated in 2002 and is based in Santa Monica, California.
History:  INCORPORATED in Delaware Dec. 6, 2005, as Cape Coastal Trading Corp.; and on Dec. 15, 2005, merged a New York corporation of the same name organized Aug. 16, 2002. Name changed to uBid.com Holdings, Inc. Feb. 10, 2006; and to Enable Holdings, Inc. Aug. 4, 2008. December 29, 2005, acquired uBid, Inc. through the merger of a wholly owned subsidiary of the company into uBid, Inc. The stockholders of uBid, Inc. received 8,800,000 Common shares of the company, with up to 444,444 of such shares subject to redemption at a redemption price of $4.50. uBid, Inc. commenced operations in 1997.
 
Subsidiaries:
Dibu Trading Corp.
Enable Payment Systems, Inc.
RedTag Live, Inc.
RedTag, Inc.
uBid, Inc.
uSaas, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Steven  SjobladChairman
 Jeffrey D. HoffmanChief Executive Officer
 Miguel A. Martinez, Jr.Secretary, Chief Financial Officer & Investor Relations Contact
 Timothy E. TakesueExec VP
 Glenn R. WeisbergerExec VP
 Bruce  HutchisonVP
 Amy  PowersVP

Directors
 Casey L. Gunnell
 Jeffrey D. Hoffman
 Kenneth J. Roering
 Steven  Sjoblad
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  200820072006
Revenues31,57943,06166,559
Interest expense1,978--
Other expenses24--
General and administrative 15,80513,25512,973
Cost of Revenues26,99233,33356,421
Sales and marketing 2,8203,7534,987
Interest income-179267
Other income-60-
Net income(16,040)(7,041)(7,555)
Share earns. basic(0.87)(0.37)(0.37)
Share earns. diluted(0.87)(0.37)(0.37)
 
Balance Sheet
  20082007
Assets:
Cash & equiv.997,724
Investments462212
Accts. rec., net820648
Inventories2,2745,156
Other curr. assets384759
Tot. curr assets4,03914,499
Net property2,143725
Intangibles202107
Total assets6,38415,331
Liabilities:
Flooring facility370314
Accruals1,3111,141
Accts. pay.4,0162,766
Bridge loan payable1,563-
Deferred rent30258
Tot. curr. liabs.7,2904,479
Com. stk. p.$0.0012020
Treasury Stock(2,242)(2,242)
Paid-in cap.39,36837,248
Stock warrants10,2498,086
Retained earns.(48,301)(32,260)
Total Shareholders' Equity(906)10,852
Total liabs.6,38415,331
 
  
 
 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
  2009   15,090,000
  2009   22,980,000
  2008   17,140,000
  2008   28,430,000
  2008   38,920,000
  2008   47,100,000
  2008   Full Year 31,580,000
  2007   19,610,000
  2007   213,660,000
  2007   39,720,000
  2007   410,070,000
  2007   Full Year 43,100,000
  2006   120,090,000
  2006   219,100,000
  2006   314,370,000
  2006   413,010,000
  2006   Full Year 66,560,000
  2005   126,820,000
  2005   219,890,000
  2005   318,590,000
  2005   419,300,000
  2005   Full Year 84,600,000
  2004   126,630,000
  2004   220,250,000
  2004   320,080,000
  2004   420,040,000
  2004   Full Year 87,000,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1(2,670,000)
  2009   2(3,020,000)
  2008   1(2,390,000)
  2008   2(2,980,000)
  2008   3(4,690,000)
  2008   Full Year (16,000,000)
  2007   3(2,190,000)
  2007   Full Year (7,000,000)
  2006   Full Year (7,600,000)
  2005   Full Year (9,000,000)
  2004   Full Year (6,300,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.14)
  2009   2(.16)
  2008   1(.13)
  2008   2(.16)
  2008   3(.25)
  2008   4(.33)
  2008   Full Year (.87)
  2007   1(.07)
  2007   2(.08)
  2007   3(.12)
  2007   4(.10)
  2007   Full Year (.37)
  2006   1(.10)
  2006   2(.13)
  2006   3(.13)
  2006   4(.01)
  2006   Full Year (.37)
  2005   1(.89)
  2005   2(.99)
  2005   3(.74)
  2005   4(.83)
  2005   Full Year (3.45)
  2004   1(.17)
  2004   2(.54)
  2004   3(.45)
  2004   4(1.40)
  2004   Full Year (2.56)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par200,000,00017,591,128so1
Preferred25,000,000None
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  03/23/2009, 277.
PRINCIPAL STOCKHOLDERS: April 8, 2009, Thomas J. Petters owned or controlled 37.8% of the Common, and Theodore Deikel 11.9%.
 
Transfer Agent:  Pacific Stock Transfer Co.   Las Vegas , NV
 
OTC Bulletin Board( Primary): ENAB
 
ExchangeYearHighLow
OTC Bulletin Board20083.25000.2000
OTC Bulletin Board20072.70000.5500
 
DIVIDENDS: Common $0.001 par: No cash.
 
 
  so1Excl. 2,135,550 in treas.