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NuVim, Inc. Symbol:  NUVM Click here for a printable version Business Summary: NuVim, Inc. engages in the production, marketing, and distribution of NuVim beverage dietary supplements in chilled and shelf stable ready-to-drink beverages and powder mixes in the United States.   Address   12 N State Rt 17   Paramus , New Jersey 07652   Phone: 201-556-1010   Website: http://www.nuvim.com Auditor   Sherb & Co. Transfer Agent   American Stock Transfer & Trust Co. Employees:  5 ShareHolders:  300 Founded:  1999 Domicile:  Delaware      S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version NuVim, Inc. engages in the production, marketing, and distribution of NuVim beverage dietary supplements in chilled and shelf stable ready-to-drink beverages and powder mixes in the United States. The company's ready to drink product line consists of three flavors of refrigerated dietary supplement beverages, including Orange Tangerine, Fruit Symphony, and Strawberry Vanilla. Its ready-to-use powder is available in three categories comprising chocolate, vanilla, and strawberry. The company distributes its products through supermarkets in approximately 13 states, principally on the East Coast and the District of Columbia. NuVim, Inc. was founded in 1999 and is based in Paramus, New Jersey. History:  INCORPORATED in Delaware Sept. 16, 1999.   Subsidiaries: NuVim Powder LLC   Backlog Year Currency Amount 2007 US Dollars 0(thousand)   Capital Expenditures, thousand. US Dollars   Year   Amount   2007   0        S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version Management Officers Position  Richard P. Kundrat Chairman, President, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer  Mark Alan Siegel Secretary & General Counsel Directors  Peter V. DeCrescenzo  Calvin L. Hodock  Richard P. Kundrat  Stanley H. Moger  Doug  Scott  Myron  Solberg      S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version   Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common $0.00001 par 120,000,000 15,444,900 Preferred $0.00001 par 65,000,000 None   LONG TERM DEBT: $206,429.   Common $0.00001 par   UNITS OFFERED: June 20, 2005, the company, through Paulson Investment Company, Inc., underwriter, offered 2,700,000 Common shares, 2,700,000 Class A Warrants and 2,700,000 Class B Warrants in Units (each consisting of one Common share, one Class A Warrant and one Class B Warrant) at $1.00 per Unit; comm., $0.09 per Unit. Up to 405,000 additional Units were available to cover over-allotments. The company also issued to the underwriter a Warrant to purchase 270,000 Units identical to the Units offered, at a price of $1.20 per Unit.   Stockholders:  03/24/2008, 300. Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): NUVM   Exchange Year High Low OTC Bulletin Board 2008 0.2700 0.0100 OTC Bulletin Board 2007 0.6300 0.1300 OTC Bulletin Board 2006 0.7300 0.1600 OTC Bulletin Board 2005 1.0000 0.3300   DIVIDENDS: Common $0.00001 par: No cash. Common reverse split 1-for-55, Nov. 30, 2004.        S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version Annual Report   Income Statement   2007 2006 Gross sales $1,137,285 $1,292,155 Less: discounts, allowances and promotional payments 342,269 348,177 Net sales 795,016 943,978 Cost of sales 582,101 702,492 Gross profit 212,915 241,486 Selling, general and administrative expenses 1,732,700 2,407,253 Loss from operations (1,519,785) (2,165,767) Other Income (Expense): Interest expense (93,799) (115,777) Gain on sale of assets - 42,000 Gain on forgiveness of Accounts Payable - 18,498 Total other income (expense) - net (93,799) (55,279) Net loss before income tax benefit (1,613,584) (2,221,046) Income tax (expense) benefit 164,206 442,087 Net loss $(1,449,378) $(1,778,959) Basic and diluted loss per share $(0.10) $(0.20) Weighted average number of common shares outstanding - basic and diluted 14,104,682 8,953,184 Operating Income As Calculated Depr. and Amort. Fixed Charges Coverage: Available for Fixed Charges Gross Fixed Charges Fixed Charges Times Earnings Fixed Charges Coverages and Preferred Dividends Times Earnings Capital Expenditures Research & Development Expenditures   Balance Sheet   2007 2006 ASSETS Current Assets: Cash and cash equivalents $14,814 $55,472 Accounts receivable, net 17,594 55,827 Inventory 205,456 166,929 Prepaid expenses and other current assets 28,620 191,053 Total Current Assets 266,484 469,281 Equipment and furniture, net 54 598 Deferred offering costs - 57,025 Deposits and other assets 6,206 8,147 Distribution rights 90,400 90,400 TOTAL ASSETS $363,144 $625,451 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Bank line of credit $46,663 $- Current portion of accounts payable 386,165 443,426 Accounts payable and accrued expenses to related party - 57,606 Accrued expenses 117,094 119,597 Accrued compensation 373,533 336,024 Rescinded series B offering payable 18,920 18,920 TOTAL CURRENT LIABILITIES 942,375 975,573 Other Liabilities: Accounts payable, net of current portion 206,429 242,430 Senior notes payable - related parties, net of unamortized discount of $11,619 at December 31, 2007 and $36,667 at Decemer 31, 2006 488,381 463,333 Accrued interest - senior notes payable - related parties 209,160 169,160 Stockholder loans - subordinated covertable promissory notes 150,000 150,000 Accrued interest stockholder loans 33,770 21,770 Other notes payable, net of unamortized discount of $4,100 at December 31, 2007 and $8,500 at December 31, 2006 114,900 111,500 Accrued Interest - other notes payable 35,518 25,917 TOTAL OTHER LIABILITIES 1,238,158 1,184,110 TOTAL LIABILITIES 2,180,533 2,159,683 Stockholders' Deficit: Common Stock, 120,000,000 shares authorized, $.00001 par value, 14,740,782 shares issued and outstanding at December 31, 2007 and 11,622,867 shares issued and outstanding at December 31, 2006 147 116 Additional paid-in capital 21,655,862 20,489,672 Accumulated deficit (23,473,398) (22,024,020) Total Stockholders' Deficit (1,817,389) (1,534,232) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $363,144 $625,451 Net Working Capital Equity per Share Depr. and Amort. Reserve Preferred Shares Issued Common Shares Issued Treasury Shares - Preferred Treasury Shares - Common      S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   NuVim, Inc. Symbol:  NUVM Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 120,000   2008   2 110,000   2008   3 90,000   2007   1 180,000   2007   2 230,000   2007   3 180,000   2007   4 140,000   2007   Full Year 800,000   2006   1 180,000   2006   2 310,000   2006   3 260,000   2006   Full Year 940,000   2005   2 150,000   2005   3 160,000   2005   Full Year 720,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 N/A   2008   2 N/A   2008   3 N/A   2007   1 N/A   2007   2 N/A   2007   3 N/A   2007   4 N/A   2007   Full Year (1,450,000)   2006   1 (490,000)   2006   2 (400,000)   2006   3 (570,000)   2006   Full Year (1,779,000)   2005   2 (600,000)   2005   3 (520,000)   2005   Full Year (2,396,900)   2004   Full Year (2,132,000)   2003   Full Year (2,240,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 (.02)   2008   2 (.01)   2008   3 (.01)   2007   1 (.10)   2007   2 (.05)   2007   3 (.02)   2007   4 (.02)   2007   Full Year (.10)   2006   1 (.10)   2006   2 (.04)   2006   3 (.05)   2006   Full Year (.20)   2005   2 (.33)   2005   3 (.11)   2005   Full Year (.82)   2004   Full Year N/A   2003   Full Year N/A      S & P Disclaimer