OTC Bulletin Board

S & P Company Insight for NUVIM INC

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.
  12 N State Rt 17
  Paramus , New Jersey 07652
  Phone: 201-556-1010
  Website: http://www.nuvim.com
  Sherb & Co.
Transfer Agent
  American Stock Transfer & Trust Co.
Employees:  5
ShareHolders:  300
Founded:  1999
Domicile:  Delaware

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.
NuVim Powder LLC
2007US Dollars0(thousand)
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2007  0


 Richard P. KundratChairman, President, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer
 Mark Alan SiegelSecretary & General Counsel

 Peter V. DeCrescenzo
 Calvin L. Hodock
 Richard P. Kundrat
 Stanley H. Moger
 Doug  Scott
 Myron  Solberg
 Annual Report

Annual Report
Income Statement
Gross sales$1,137,285$1,292,155
Less: discounts, allowances and
promotional payments342,269348,177
Net sales795,016943,978
Cost of sales582,101702,492
Gross profit212,915241,486
Selling, general and administrative
Loss from operations(1,519,785)(2,165,767)
Other Income (Expense):
Interest expense(93,799)(115,777)
Gain on sale of assets-42,000
Gain on forgiveness of Accounts Payable-18,498
Total other income (expense) - net(93,799)(55,279)
Net loss before income tax benefit(1,613,584)(2,221,046)
Income tax (expense) benefit164,206442,087
Net loss$(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 diluted14,104,6828,953,184
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
Current Assets:
Cash and cash equivalents$14,814$55,472
Accounts receivable, net17,59455,827
Prepaid expenses and other current assets28,620191,053
Total Current Assets266,484469,281
Equipment and furniture, net54598
Deferred offering costs-57,025
Deposits and other assets6,2068,147
Distribution rights90,40090,400
TOTAL ASSETS$363,144$625,451
Current Liabilities:
Bank line of credit $46,663$-
Current portion of accounts payable386,165443,426
Accounts payable and accrued expenses to related party-57,606
Accrued expenses117,094119,597
Accrued compensation373,533336,024
Rescinded series B offering payable18,92018,920
Other Liabilities:
Accounts payable, net of current portion206,429242,430
Senior notes payable - related parties, net of unamortized discount of
$11,619 at December 31, 2007 and $36,667 at Decemer 31, 2006488,381463,333
Accrued interest - senior notes payable - related parties209,160169,160
Stockholder loans - subordinated covertable promissory notes150,000150,000
Accrued interest stockholder loans33,77021,770
Other notes payable, net of unamortized discount of $4,100 at
December 31, 2007 and $8,500 at December 31, 2006114,900111,500
Accrued Interest - other notes payable35,51825,917
TOTAL LIABILITIES2,180,5332,159,683
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, 2006147116
Additional paid-in capital21,655,86220,489,672
Accumulated deficit(23,473,398)(22,024,020)
Total Stockholders' Deficit(1,817,389)(1,534,232)
Net Working Capital
Equity per Share
Depr. and Amort. Reserve
Preferred Shares Issued
Common Shares Issued
Treasury Shares - Preferred
Treasury Shares - Common
 Interim Report

Interim Report   
Data Not Available
 Pro Forma Report

Pro Forma Report   
Data Not Available
 Quarterly Report

Quarterly Report Information   
Quarterly Revenue, US$
  2008   1120,000
  2008   2110,000
  2008   390,000
  2007   1180,000
  2007   2230,000
  2007   3180,000
  2007   4140,000
  2007   Full Year 800,000
  2006   1180,000
  2006   2310,000
  2006   3260,000
  2006   Full Year 940,000
  2005   2150,000
  2005   3160,000
  2005   Full Year 720,000
Quarterly Net Income, US$
  2008   1N/A
  2008   2N/A
  2008   3N/A
  2007   1N/A
  2007   2N/A
  2007   3N/A
  2007   4N/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$
  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
 Stock Data

Capitalization as of 03/31/2008:
 Authorized SharesOutstanding Shares
Common $0.00001 par120,000,00015,444,900
Preferred $0.00001 par65,000,000None
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
OTC Bulletin Board20080.27000.0100
OTC Bulletin Board20070.63000.1300
OTC Bulletin Board20060.73000.1600
OTC Bulletin Board20051.00000.3300
DIVIDENDS: Common $0.00001 par: No cash. Common reverse split 1-for-55, Nov. 30, 2004.