3-Year Income Statement

INCOME
Revenue
App Advertising
In-App Purchases

2015
803,000
375,000
Total Revenue 1,178,000.00

Total REVENUE
EXPENSES

% of OI

% of OI

1,178,000.00 100.0% 1,943,000.00 100.0% 2,705,000.00

100.0%

Operating Expenses
Advertising
500,000
Employee Insurance
40,000
Employee Visas
20,000
Inflation
40,000
Maintenance and Repairs
10,000
Office Supplies
40,000
Rent
50,000
Research and Development
100,000
Salaries and Wages
400,000
Taxes and Licenses
15,000
Telephone
5,000
Utility Payment
50,000
Web Hosting and Domains
10,000
Other
69,000
Total Operating Expenses 1,349,000.00

42.4%
3.4%

0.8%
3.4%
4.2%
8.5%
34.0%
1.3%
0.4%
4.2%
0.8%
5.9%
114.5%

2016
400,000
70,000
15,000
50,000
15,000
20,000
60,000
150,000
700,000
15,000
5,000
60,000
15,000
77,500
1,652,500.00

67.8%
32.2%
100.0%

2017

67.7%
32.3%
100.0%

% of OI

1,318,000
625,000
1,943,000.00

% of OI

1,830,000
875,000
2,705,000.00

2015

67.6%
31.8%
100.0%

2016

% of OI
%
3.6%

2017

% of OI

300,000
90,000
10,000
60,000
20,000
20,000
70,000
300,000
900,000
15,000
5,000
70,000
20,000
107,000
1,987,000.00

11.1%
3.3%

85.0% 1,987,000.00

73.5%

0.8%
1.0%
%
7.7%
36.0%
0.8%
0.3%
3.1%
0.8%
4.0%
85.0%

Total EXPENSES

1,349,000.00 114.5% 1,652,500.00

NET INCOME

(171,000.00)

290,500.00

718,000.00

CUMULATIVE NET INCOME

(171,000.00)

119,500.00

837,500.00

0.7%
0.7%
2.6%
11.1%
33.3%
0.6%
0.2%
2.6%
0.7%
4.0%
73.5%