OTC Bulletin Board
S & P Company Insight for ENABLE HOLDINGS INC |
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Profile
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| 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
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BDO Seidman, LLP
Chicago | | Transfer Agent |
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Pacific Stock Transfer Co.
| Employees: 72 ShareHolders: 277 | Founded: 2002 Domicile: Delaware | | | |
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Background
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| 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: |
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Dibu Trading Corp. Enable Payment Systems, Inc. RedTag Live, Inc. RedTag, Inc. uBid, Inc. uSaas, Inc.
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Management
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Management
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| Officers | Position |
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| Steven Sjoblad | Chairman | | Jeffrey D. Hoffman | Chief Executive Officer | | Miguel A. Martinez, Jr. | Secretary, Chief Financial Officer & Investor Relations Contact | | Timothy E. Takesue | Exec VP | | Glenn R. Weisberger | Exec VP | | Bruce Hutchison | VP | | Amy Powers | VP |
| | Directors |
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| Casey L. Gunnell | | Jeffrey D. Hoffman | | Kenneth J. Roering | | Steven Sjoblad | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2008 | 2007 | 2006 |
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| Revenues | 31,579 | 43,061 | 66,559 | | Interest expense | 1,978 | - | - | | Other expenses | 24 | - | - | | General and administrative | 15,805 | 13,255 | 12,973 | | Cost of Revenues | 26,992 | 33,333 | 56,421 | | Sales and marketing | 2,820 | 3,753 | 4,987 | | Interest income | - | 179 | 267 | | 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 | |
| 2008 | 2007 |
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| Assets: |
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| | Cash & equiv. | 99 | 7,724 | | Investments | 462 | 212 | | Accts. rec., net | 820 | 648 | | Inventories | 2,274 | 5,156 | | Other curr. assets | 384 | 759 | | Tot. curr assets | 4,039 | 14,499 | | Net property | 2,143 | 725 | | Intangibles | 202 | 107 | | Total assets | 6,384 | 15,331 | | Liabilities: |
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| | Flooring facility | 370 | 314 | | Accruals | 1,311 | 1,141 | | Accts. pay. | 4,016 | 2,766 | | Bridge loan payable | 1,563 | - | | Deferred rent | 30 | 258 | | Tot. curr. liabs. | 7,290 | 4,479 | | Com. stk. p.$0.001 | 20 | 20 | | Treasury Stock | (2,242) | (2,242) | | Paid-in cap. | 39,368 | 37,248 | | Stock warrants | 10,249 | 8,086 | | Retained earns. | (48,301) | (32,260) | | Total Shareholders' Equity | (906) | 10,852 | | Total liabs. | 6,384 | 15,331 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 5,090,000 | | 2009 |
2 | 2,980,000 | | 2008 |
1 | 7,140,000 | | 2008 |
2 | 8,430,000 | | 2008 |
3 | 8,920,000 | | 2008 |
4 | 7,100,000 | | 2008 |
Full Year
| 31,580,000 | | 2007 |
1 | 9,610,000 | | 2007 |
2 | 13,660,000 | | 2007 |
3 | 9,720,000 | | 2007 |
4 | 10,070,000 | | 2007 |
Full Year
| 43,100,000 | | 2006 |
1 | 20,090,000 | | 2006 |
2 | 19,100,000 | | 2006 |
3 | 14,370,000 | | 2006 |
4 | 13,010,000 | | 2006 |
Full Year
| 66,560,000 | | 2005 |
1 | 26,820,000 | | 2005 |
2 | 19,890,000 | | 2005 |
3 | 18,590,000 | | 2005 |
4 | 19,300,000 | | 2005 |
Full Year
| 84,600,000 | | 2004 |
1 | 26,630,000 | | 2004 |
2 | 20,250,000 | | 2004 |
3 | 20,080,000 | | 2004 |
4 | 20,040,000 | | 2004 |
Full Year
| 87,000,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 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$ |
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| Year | Quarter | Revenue | | 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) |
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Stock Data
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| | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 200,000,000 | 17,591,128so1 | | Preferred | 25,000,000 | None |
| | | | 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 | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 3.2500 | 0.2000 | | OTC Bulletin Board | 2007 | 2.7000 | 0.5500 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
so1Excl. 2,135,550 in treas. | |
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