Arius Monthly Meeting

pielibraryInternet and Web Development

Dec 4, 2013 (3 years and 4 months ago)

73 views

Arius Monthly Meeting

November 3rd, 2009

Corporate Financial Status


Business account balance:

$19383.45


Debt:





$1023.77


Tax obligation:




$4102.88


Corporate balance:



$14256.68


Monthly burn rate:



~$7300



Shortfall without additional revenue


January 2009

Financials Continued


2009 revenue:




$114099.68



2009 expenses:



$93645.07


Profit:





$20454.61


Owner distribution:



$48500.00


2009 expense breakdown:



Salary and payroll taxes

71.6%


$67077


Materials



14.5%


$13606


Tax penalties



5.6%


$5246


Health Insurance


5.6%


$5246


Other




2.6%


$2470


Status of Planned Activities for October


Research improving website


“In house” or “out source”


Development application


HTML


CMS (Joomla, Drupal)


Site provider application


Commercial web development sw (Dreamweaver, Front Page, etc.)


Characteristics of a good website


Simple, but informative


Contemporary and dynamic


Prominent with search engines


Implement salary reduction contributions to HSA


Not currently planned, because no apparent advantage


Contributions are easy to make and fully deductible


Routine business tasks

Other Activities for October


Researched COBRA and alternatives


Consolidated Omnibus Budget Reconciliation Act (COBRA)


Provides former employees the right to temporary health insurance
at group rates


For a health plan to qualify an employer must have at least
20

employees


Mini
-
COBRA


State plans intended for employers with less than 20 employees


Maryland


Up to 18 months continuation coverage


Coverage can be terminated, if employer no longer offers group health
plan


Virginia


Up to 90 days


Must be paid in advance by employee


Future legislation?



Planned Activities for November


Research improving website


Create a sample website using Joomla for evaluation


Routine business tasks








Issues


Need business phone expenses for 2009


Need June 2009 Capital One bill


Annual meeting


Misc. withdrawal of $6.06 on 11/2/2009



Arius Monthly Meeting

CEO’s Report


Nov 3
rd
, 2009

Business Issues


Plexus Order for 176 IRIG
-
B modules


Invoices sent on 8/26/09


09N046
-
006A for $33,920.00


09N046
-
007A for $4,208.64


Invoice 006 and 007 paid


Final delivery of 16 units made 10/23/09,


Invoices sent 10/23/09, need to follow up for
timely payment


09N046
-
008A for $4,277.71


09N046
-
009A for $715.20

Business Issues (cont’d)


Plexus weekly usage/order forecasts of
IRIG
-
B module


Next “demand” of 96 against stock of 336


Average demand shown of 208 units/quarter


Total “demand” up to Nov 15, 2010 816


816 units represents $216k revenue, $135k
profit (excluding fixed costs, salary, etc)


Business Issues (cont’d)


Work on Juniper TDC development
proceeding


Initial code delivery still pending


Customer has not contacted us to begin
testing


Business Issues (cont’d)


Contact with potential customer at vendor
seminar


Bob Karl, Engineering Technology


Sent second email to remind of our meeting


Responded with email saying they are waiting
for low power Bluetooth technology


We may want to look into low power Bluetooth
as a specialty business area