Feb 11th 2009, 01:16 System Announcement
by Bogart Beck
SL CapEx (SLCX) Financials for period Ending 01/31/2009
SL CapEx (SLCX) Financial Statements for period Ending 01/31/2009
Scott is still in Germany for another couple of weeks so I'm posting the January Financials in text form here. Scott will post up the Excel worksheet as soon as possible.
Trade volume (and thus CapEx commissions and Revenue) were very light in January. We believe some of this is a general negative sentiment with the overall SL Capital Markets and specifically close to home here with a couple of familiar challenges.
We've begun trying to address both of those issues as best we can via the SL CapEx Policy Revisions - a MAJOR re-write of the fundamental SL Capital Exchange Rules and policies. We're about 2/3 of the way thru posting those policies and hope to have them complete and published by end of month - yeah, almost a month behind.
Some of the new policies have been specifically drafted to address the forementioned challenges. We've also moved just this week to directly overcome two of our biggest hurdles (SLW & WPM). I'm optimistic that we're on the right path there.
Feature-wise, in January we launched SL CapLinx(tm) - a quick and dirty utility that allows investors access to member-company resources directly from the SLCapEx.com trading page. Chango and Cash are very close to completion on the Affiliate/Broker relaunch and an Advertising module for the website.
Time permitting we'll be rezzing new HQ Buildings on Treasure Cove for both SL CapEx and Nestler Investments this month. Scott and I have also been discussing a recapitalization plan for CapEx however we need to get thru the Rules Re-write and SLW/WPM situation before we tackle that challenge.
Until next month,
Bo Beck
SLCX CEO
=================================================================
INCOME STATEMENT for SLCapEx.com (SLCX)- for PERIOD ENDING 31-Jan-09
Revenue
Product Revenue (Sale of Prim-based Objects) $-
Real Estate Revenue (Fees Earned on Sale or Rental of SL Real Estate) $-
Services Revenue (Fees Earned for Consulting, Scripting, etc.) $51,354.45
TOTAL SALES REVENUE $51,354.45
Cost of Sales or Cost of Goods Sold (COGS)
Commissions (PAID on Sale of Products or Services) $1,824.14
Direct Product Costs (Fees PAID to GoDaddy.com for SLCapEx.com) $30,241.75
Real Estate (Tier PAID to NIC for SL CapEx.Com HQ) $26,500.00
Direct Advertising Expense (Fees PAID to Advertise & Promote products) $-
TOTAL COST OF SALES $58,565.89
Gross Profit (Loss) $(7,211.44)
Gross Margin (%) -14.04%
Operating Expenses (OPEX)
Research & Development (Fees Paid To Programmers, etc.) $-
General and Administrative (Fee Paid to BIG for Trustee Services) $20,620.43
Non Recurring (ONE-TIME) Oper. Expenses (ie; GoDaddy Support) $-
TOTAL OPERATING EXPENSES $20,620.43
Operating Income or Loss $(27,831.87)
Operating Margin (%) -54.20%
OTHER Income / Expense from Continuing Operations
Other Income (Sale of Investments, Dividends, Mkt. Maker, etc.) $2,290.38
LESS Other Expenses (Please EXPLAIN these Expenses Below) - (*Footnote #1) $-
EARNINGS BEFORE INTEREST, TAXES (EBIT) $(25,541.49)
EBIT Adjustments (Interest Paid, Taxes, Depreciation, etc.) - (*Footnote #2) $-
NET INCOME FROM CONTINUING OPERATIONS $(25,541.49)
OTHER Events ( Depreciation and Asset Impairment )
LESS Other Events (Asset Impairment, Goodwill write-down, etc) (Footnote#3) $-
NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $(25,541.49)
% of Revenue -49.74%
LESS DIVIDEND PAID to Common Shareholders - ($x.xx per share - mm/dd/yyyy) $-
% of NIAS 0.00%
RETAINED EARNINGS - $(25,541.49)
================================
BALANCE SHEET for SLCapEx.com - (SL CapEx: SLCX) for PERIOD ENDING 31-Jan-09
Assets
Current Assets
Cash And Cash Equivalents $10,800.69
Short Term Investments (Treasury Accts held @ BIG) $686,400.12
Net Receivables $-
Other Current Assets $-
Total Current Assets $697,200.81
Plus
Long Term Investments $1,374,695.39
SL Real Estate $-
Goodwill $-
Other Assets $-
Total Assets $2,071,896.20
Liabilities
Current Liabilities
Accounts Payable (Tier Payments Due, Hosting Fees Due, other) $56,741.75
Other Current Liabilities (Fee's Due BIG for Trustee Svc's (Jan '09) $20,620.43
Total Current Liabilities $77,362.18
Plus
Long Term Debt (NONE) $-
Other Liabilities (NONE) $-
Negative Goodwill (NONE) $-
Total Liabilities $77,362.18
Stockholders' Equity
Sh. Outstanding 75,000,000 Shares @ L$0.01 PAR Value Per Share $750,000.00
Treasury Shares 1,000,000 Shares @ L$0.52 PAR Value Per Share $520,000.00
Additional PAID-IN Capital (NONE) $-
Retained Earnings * (TAKE DIRECTLY FROM CURR. INCOME STATEMENT) $(25,541.49)
Cumulative Surplus (Deficit) (ie; accumulated Retained Earnings) $750,075.51
Total Stockholder Equity $1,994,534.02
TOTAL LIABILITIES & SHAREHOLDERS EQUITY $2,071,896.20
CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $(0.00)
==========================================================================






