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| Aug 1st 2008, 11:29 Bogart Beck |
MONTHLY FINANCIAL REPORTS - CEO ONLY! | |
This Forum Section is RESERVED for CEO Posting Only. Readers will find the Monthly Income Statement and Balance Sheet Posted in this Section pursuant to SL Capex Policy. |
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| Aug 1st 2008, 11:29 Bogart Beck |
Re: MONTHLY FINANCIAL REPORTS - CEO ONLY! | |
Brittany Bay Resorts commenced trading 08/01/2008. Its first Monthly Report will be due by 09/10/2008 for the reporting period August 1, 2008 through August 31, 2008. |
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| Sep 10th 2008, 22:23 Bogart Beck |
BAY - Brittany Bay Resort - August 2008 Financials - Posted 09/10/20
Edited by author Sep 10th 2008, 22:36 |
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BAY - Brittany Bay Resort - August 2008 Financials - Posted 09/10/2008 CEO's Report and Forward Guidance ================================= Shareholders, I am pleased to distribute the First Monthly Financial Report for Brittany Bay Resort - the newest entity in the Bogart Beck Group of Companies. From an Income Statement standpoint BAY reports a profit for its first month of operation - don't get too excited, BTX Paid the Full-Tier for the BIG Estate SIM that was transferred to BAY as part of the spin-out. BAY is obligated to report that revenue as Income (even though it will pass-through when Tier comes due on 09/14) (Ask an Accountant - it's complicated LOL). I do regret to inform that I have accepted the resignations of both Kaffe McMahon and Yanik Lytton from their respective positions with BAY and will begin an immediate search for their replacements. On an Interim basis I will step in as CEO in addition to fulfilling my responsibilities as Board Chairman. Suffice it to say that, given the LL overall economy particularly as it relates to Private Estate occupancy rates, my own inability to dedicate enough time to BAY specifically, both Yanik and Kaffe's time commitments with the NIC and DCTY SIMS, and a general inability amongst us to agree on SIM Marketing strategy it is best for all that we agree to disagree and remain SL freinds versus disgruntled Business Partners. BAY will move forward with a conservative operating plan and revenue expectation. I am awarding both Kaffe and Yanik 10,000 unrestricted shares each of BAY as compensation for their efforts during our startup phase. Such shares will be EXPENSED on the September BAY Financial Statement pursuant to GAAP. The remaining Directors shares that were awarded to them during the IPO will be returned to BAY's Treasury immediately. I thank them both for their effort! On to the Financials... Until next month, Blessings! Bogart Beck BAY Chair & Interim CEO ================================================================================ (SL CapEx: BAY) Brittany Bay Resort - INCOME STATEMENT PERIOD ENDING 31-Aug-08 Revenue Consolidated Revenue - (Estate Mgmt, etc) $81,125.00 TOTAL SALES REVENUE $81,125.00 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $3,215.60 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $- (ALL) - Marketing & Advertising Expense (Barbary Group) $376.00 TOTAL COST OF SALES $3,591.60 Gross Profit (Loss) $77,533.40 Gross Margin (%) 95.57% Operating Expenses Research & Development (NONE) $- General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES $0.00 Operating Income or Loss $77,533.40 Operating Margin (%) 95.57% Other Income from Continuing Operations Other Income - (LAND SALES) $- Other Income - Dividends Earned $- Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME $0.00 Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $77,533.40 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $77,533.40 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (Goodwill write-down - None) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $77,533.40 % of Revenue 95.57% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders $- % of NIAS 0.00% RETAINED EARNINGS $77,533.40 ============================ (SL CapEx: BAY) Brittany Bay Resort - BALANCE SHEET PERIOD ENDING 31-Aug-08 Assets Current Assets Cash And Cash Equivalents (CapEx BAY Balance) $11,533.75 Short Term Invest. (None) $- Net Receivables (None) $- Inventory (None) $- Other Current Assets (None) $- Total Current Assets $11,533.75 PLUS Long Term Investments I (BIG Investment - 50,001 shares) (NPV) $273,505.47 Long Term Investments II (BTX Investment - 33,501 shares) (NPV) $174,540.21 Long Term Investments III (DCTY Investment - 10,001 shares) (NPV) $33,503.35 Long Term Investments IV (NIC Investment - 120,001 shares) (NPV) $36,400.91 Property Plant and Equipment (Hard Assets) - NONE $- Intangible Assets - NONE $- Goodwill - NONE $- Accumulated Amortization - NONE $- Total Assets $529,483.69 Liabilities Current Liabilities Accounts Payable - Sept Tier - BIG Estates - Due 09/14/2008 to LL $81,125.00 Current Portion Due of Long Term Debt - NONE $- Other Current Liabilities - NONE $- Total Current Liabilities $81,125.00 PLUS Long Term Debt - NONE $- Other Liabilities - NONE $- Deferred Long Term Liability Charges - NONE $- Minority Interest - NONE $- Negative Goodwill - NONE $- Total Liabilities $81,125.00 Stockholders' Equity Preferred Stock $- Common Stock - (BAY - 1.680 M Shares @ L$0.01 /share PAR Value) $16,800.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $77,533.40 Additional PAID-IN Capital $- Treasury Stock - (BAY - 320,000 Shares @ L$0.01 /share PAR Value) $3,200.00 Capital Surplus $- Other Stockholder Equity $350,825.29 Total Stockholder Equity $448,358.69 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $529,483.69 ==================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Oct 11th 2008, 00:18 Bogart Beck |
BAY - Brittany Bay Resort - September 2008 Financials - Posted 10/10 | |
BAY - Brittany Bay Resort - September 2008 Financials - Posted 10/10/2008 CEO's Report and Forward Guidance ================================= BAY Shareholders, Nothing particularly unusual to report this month - our second full month of operation. I have not made any definative decisions regarding a replacement Board of Directors for the recently vacated positions. Shareholders can expect to have nominations for consideration by end-of-month. The redevelopment effort on Brittany Bay Resort is progressing well; The FutSL Stadium is complete, The Outdoor Amphitheatre has been moved to the NorthWest Corner of the SIM, and we have added a new tenant, HI-FIve Inc. - an audio-vidual developer. SL Reports Advertising Bureau has recently re-located to Brittany Bay and can be found just inland on the southwestern quadrant. This next month I anticipate having the Bo Beck Gallery back on-line displaying Original SL Artwork and RL photography. I also anticipate having our full-line clothing retail shop back online just in time for the holiday shopping season. Until next month, Blessings! On to the Financials... Bogart Beck BAY Chair & CEO ================================================================================ (SL CapEx: BAY) Brittany Bay Resort - INCOME STATEMENT PERIOD ENDING 30-Sep-08 Revenue Consolidated Revenue - Products & Services - (Estate Mgmt, etc) $81,125.00 TOTAL SALES REVENUE $81,125.00 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $1,509.18 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $- (ALL) - Marketing & Advertising Expense (Barbary Group) $138.00 TOTAL COST OF SALES $1,647.18 Gross Profit (Loss) $79,477.82 Gross Margin (%) 97.97% Operating Expenses Research & Development (NONE) $- General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES (NONE) $- Operating Income or Loss $79,477.82 Operating Margin (%) 97.97% Other Income from Continuing Operations Other Income - (LAND SALES) (NONE) $- Other Income - Dividends Earned (NONE) $- Interest Earned on DEPOSITS or CD's (Short Term Invest.) (NONE) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME (NONE) $- Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $79,477.82 Less Interest Expense (NONE) $- Less Income Tax Expense (NONE) $- Less Asset Depreciation (NONE) $- Less Other Adjustments (NONE) $- NET INCOME FROM CONTINUING OPERATIONS $79,477.82 Other Non-recurring Events Less Costs for Discontinued Operations (NONE) $- Less Asset Impairment (Goodwill write-down) (NONE) $- Less Effect Of Accounting Changes (NONE) $- Less Other Items (NONE) $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $79,477.82 % of Revenue 97.97% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders $- % of NIAS 0.00% RETAINED EARNINGS $79,477.82 ============================ (SL CapEx: BAY) Brittany Bay Resort - BALANCE SHEET PERIOD ENDING 30-Sep-08 Assets Current Assets Cash And Cash Equivalents (CapEx BTR Balance) $5,000.00 Short Term Invest. (211,566 /Sh SLCX and 3,731 /Sh BTX) (NPV) $67,815.50 Net Receivables (None) $- Inventory (None) $- Other Current Assets (None) $- Total Current Assets $72,815.50 PLUS Long Term Investments I (SLCX Invest. - 1.0 M /sh) (NPV L$0.25 /sh) $250,000.00 Long Term Investments II (BTX Invest. - 35.0K /sh) (NPV L$4.00 /sh) $140,000.00 Property Plant and Equipment (Hard Assets) (NONE) $- Intangible Assets (NONE) $- Goodwill (NONE) $- Accumulated Amortization (NONE)$- Total Assets $462,815.50 Liabilities Current Liabilities Accounts Payable - Sept Tier - BIG Estates - Due 10/14/2008 to LL $81,125.00 Current Portion Due of Long Term Debt (NONE) $- Other Current Liabilities (NONE) $- Total Current Liabilities $81,125.00 PLUS Long Term Debt (NONE) $- Other Liabilities (NONE) $- Deferred Long Term Liability Charges (NONE) $- Minority Interest (NONE) $- Negative Goodwill (NONE) $- Total Liabilities $81,125.00 Stockholders' Equity Preferred Stock $- Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $79,477.82 Additional PAID-IN Capital $- Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value) $5,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $282,212.68 Total Stockholder Equity $381,690.50 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $462,815.50 =================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Nov 5th 2008, 00:38 Bogart Beck |
BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2 | |
BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2008 CEO's Report and Forward Guidance ================================= BAY Shareholders, A decent month all things considered... During November, we'll be working to put together a 24/7 Video Entertainment stream to provide a relaxing multimedia experience for the SIM. Look for Music Video's, Cartoons, Machinima and other fun streams within the next few weeks. We're also working to put together a Programming Guide and Event Calendar for the Amphitheater. It is also available for Resident Events - give me a shout if you're looking to host something there. Also, Bo Beck Gallery should be back on-line displaying Original SL Artwork and RL photography before Thanksgiving. I'm pleased to report that my former Gallery Manager, Cyndi Honey, is back! Look for an announcement regarding a Grand Re-Opening Celebration Soooon... I'm still recruiting for an Avi to manage our full-line clothing retail shop and hope to be back online just in time for the holiday shopping season. Until next month, Blessings! On to the Financials... Bogart Beck BAY Chair & CEO ================================================================================ (SL CapEx: BAY) Brittany Bay Resort PERIOD ENDING 31-Oct-08 Revenue Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $101,125.00 TOTAL SALES REVENUE $101,125.00 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $743.47 Real Estate Tier Paid & Commissions Paid on Sale of RE $81,125.00 (ALL) - Marketing & Advertising Expense (BIG Group) $21.00 TOTAL COST OF SALES $81,889.47 Gross Profit (Loss) $19,235.53 Gross Margin (%) 19.02% Operating Expenses Research & Development (NONE) General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $19,235.53 Operating Margin (%) 19.02% Other Income from Continuing Operations Other Income - (LAND SALES) $- Other Income - Dividends Earned $10,766.04 Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME $10,766.04 Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $30,001.57 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $30,001.57 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (Goodwill write-down-- None) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $30,001.57 % of Revenue 29.67% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders (L$0.01 /sh pd 10/11/08) $20,000.00 % of NIAS 66.66% RETAINED EARNINGS $10,001.57 ============================ (SL CapEx: BAY) Brittany Bay Resort PERIOD ENDING 31-Oct-08 Assets Current Assets Cash And Cash Equivalents (CapEx BTX Balance) $4,999.88 Short Term Invest. (None - Converted 10/10 for Tier Pmt 10/14) $- Net Receivables (None) $- Inventory (None) $- Other Current Assets (None) $- Total Current Assets $4,999.88 PLUS Long Term Invest.I (SLCX Invest. 1,000,000 shares) (NPV L$0.35 /sh)$350,000.35 Long Term Invest.II (BTX Invest. 40,000 shares) (NPV L$5.54 /sh) $221,605.54 Property Plant and Equipment (Hard Assets) - NONE $- Intangible Assets - NONE $- Goodwill - NONE $- Accumulated Amortization - NONE $- Total Assets $576,605.77 Liabilities Current Liabilities Accounts Payable - Sept Tier - BIG Estates - Due 11/14/2008 to LL $81,125.00 Current Portion Due of Long Term Debt - NONE $- Other Curr Liab - ($20,000 due BTX for Divi Distrib. Adv. 10/11) $20,000.00 Total Current Liabilities $101,125.00 PLUS Long Term Debt - NONE $- Other Liabilities - NONE $- Deferred Long Term Liability Charges - NONE $- Minority Interest - NONE $- Negative Goodwill - NONE $- Total Liabilities $81,125.00 Stockholders' Equity Preferred Stock $- Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $10,001.57 Additional PAID-IN Capital $- Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value)$5,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $465,479.20 Total Stockholder Equity $495,480.77 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $576,605.77 =================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Dec 10th 2008, 00:11 Bogart Beck |
BAY - Brittany Bay Resort - November 2008 Financials - Posted 12/10/ | |
BAY - Brittany Bay Resort - November 2008 Financials - Posted 12/10/2008 CEO's Report and Forward Guidance ================================= BAY Shareholders, Nothing truly exceptional to report - we were marginally in the red for November - showing a loss of just over L$1,300. Given the challenges we've seen elsewhere on the grid recently I'm OK showing a small loss for the month. The amphitheater project is a bit behind due to my RL schedule and our decision to support the HIFI System versus the currently installed Video Display. I hope to finish this project during the Christmas holiday. BAY has a new tenant - the folks from Phoenix Distribution (SL Capex: PHX) have rezzed a storefront and small battle grid on the southeast quadrant of the SIM. Stop by for a visit and try out the Robots when you have a few moments. The Bo Beck Gallery is now on-line displaying my Original SL Chroma Matte Artwork and RL photography. I'll be rotating the artwork on display periodically to keep it fresh. I'm still recruiting for an Avi to manage our full-line clothing retail shop - let me know if this is something you'd like to try on a commission basis. Until next month, Blessings! Bogart Beck BAY Chair & CEO ================================================================================ (SL CapEx: BAY) Brittany Bay Resort - INCOME STATEMENT PERIOD ENDING 30-Nov-08 Revenue Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $100,000.00 TOTAL SALES REVENUE $100,000.00 (Guaranteed min.revenue commtiment from BIG) Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $237.47 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $81,125.00 (ALL) - Marketing & Advertising Expense (Barbary Group) $- TOTAL COST OF SALES $81,362.47 Gross Profit (Loss) $18,637.53 Gross Margin (%) 18.64% Operating Expenses Research & Development (NONE) $- General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $18,637.53 Operating Margin (%) 18.64% Other Income from Continuing Operations Other Income - (LAND SALES) $- Other Income - Dividends Earned $- Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME $- Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $18,637.53 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $18,637.53 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (Goodwill write-down-- None) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $18,637.53 % of Revenue 18.64% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders (L$0.01 /sh pd 11/01/08) $20,000.00 % of NIAS 107.31% RETAINED EARNINGS $(1,362.47) ============================== (SL CapEx: BAY) Brittany Bay Resort - BALANCE SHEET PERIOD ENDING 30-Nov-08 Assets Current Assets Cash And Cash Equivalents (CapEx BAY Balance) $4,000.00 Short Term Invest. (None - Converted 10/10 for Tier Pmt 10/14) $- Net Receivables (None) $- Inventory (None) $- Other Current Assets (None) $- Total Current Assets $4,000.00 PLUS Long Term Investments I (SLCX - 1,000,001 shares) (NPV L$0.21 /sh) $210,000.21 Long Term Investments II (BTX - 40,000 shares) (NPV L$5.43 /sh) $217,205.43 Property Plant and Equipment (Hard Assets) - NONE $- Intangible Assets - NONE $- Goodwill - NONE $- Accumulated Amortization - NONE $- Total Assets $431,205.64 Liabilities Current Liabilities Accounts Payable - Tier - BIG Estates - Due 12/14/2008 to LL $81,125.00 Current Portion Due of Long Term Debt - NONE $- Other Current Liab. - (L$40K due BTX for Divi. Adv. 10/11 & 11/01) $40,000.00 Total Current Liabilities $121,125.00 PLUS Long Term Debt - NONE $- Other Liabilities - NONE Deferred Long Term Liability Charges - NONE $- Minority Interest - NONE $- Negative Goodwill - NONE $- Total Liabilities $121,125.00 Stockholders' Equity Preferred Stock $- Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $(1,362.47) Additional PAID-IN Capital $- Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value) $5,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $291,443.11 Total Stockholder Equity $310,080.64 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $431,205.64 ==================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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