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MDR, Inc.'s Financial Summary

MDR, Inc.'s Financial Summary

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Published by William E. Fields
MDR, Inc.'s Financial Summary
MDR, Inc.'s Financial Summary

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Published by: William E. Fields on Feb 26, 2011
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*** GROSS PROFIT ANALYSIS BY PRODUCT/SERVICE (Year 1 by month

) ***
Seller Assisted Marketing Plan Fees Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $214,181 $218,244 $230,434 $295,445 $555,487 $555,487 $341,306 $341,306 $341,306 $351,552 $40,985 $204,925 $3,690,658
Material $6,425 $6,547 $6,913 $8,863 $16,665 $16,665 $10,239 $10,239 $10,239 $10,547 $1,230 $6,148 $110,720
Labor $38,059 $38,781 $40,948 $52,500 $98,709 $98,709 $60,649 $60,649 $60,649 $62,470 $7,283 $36,415 $655,821
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit $167,067 $170,280 $179,931 $231,433 $437,458 $437,451 $267,750 $267,743 $267,737 $275,847 $29,777 $159,661 $2,892,135
%of Sales 78.00% 78.02% 78.08% 78.33% 78.75% 78.75% 78.45% 78.45% 78.44% 78.47% 72.65% 77.91% 78.36%
Employee Educational Formats 1 & 2 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $244 $1,466 $7,578 $34,225 $81,407 $149,125 $237,378 $346,166 $475,490 $604,813 $734,136 $863,460 $3,535,488
Material $7 $44 $227 $1,027 $2,442 $4,474 $7,121 $10,385 $14,265 $18,144 $22,024 $25,904 $106,064
Labor $199 $1,193 $6,166 $27,849 $66,241 $121,343 $193,155 $281,675 $386,906 $492,137 $597,367 $702,598 $2,876,829
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($2,592) ($2,407) ($1,457) $2,700 $10,069 $20,646 $34,434 $51,431 $71,638 $91,844 $112,050 $132,257 $520,613
%of Sales -1062.30% -164.19% -19.23% 7.89% 12.37% 13.84% 14.51% 14.86% 15.07% 15.19% 15.26% 15.32% 14.73%
Manager Educational Formats 3 & 4 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $270 $1,622 $8,382 $37,856 $90,045 $164,948 $262,547 $382,896 $525,941 $668,986 $812,031 $955,094 $3,910,618
Material $8 $49 $251 $1,136 $2,701 $4,948 $7,876 $11,487 $15,778 $20,070 $24,361 $28,653 $117,318
Labor $166 $997 $5,155 $23,281 $55,376 $101,440 $161,461 $235,473 $323,443 $411,413 $499,382 $587,363 $2,404,950
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($2,534) ($2,060) $334 $10,790 $29,313 $55,898 $90,542 $133,261 $184,039 $234,815 $285,593 $336,377 $1,356,368
%of Sales -938.52% -127.00% 3.98% 28.50% 32.55% 33.89% 34.49% 34.80% 34.99% 35.10% 35.17% 35.22% 34.68%
Employer Educational Formats 5 & 6 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $1,472 $7,360 $36,804 $160,465 $284,127 $407,789 $532,922 $662,472 $815,577 $939,239 $1,062,900 $1,186,562 $6,097,689
Material $44 $221 $1,104 $4,814 $8,524 $12,234 $15,988 $19,874 $24,467 $28,177 $31,887 $35,597 $182,931
Labor $1,082 $5,410 $27,051 $117,942 $208,833 $299,725 $391,698 $486,917 $599,449 $690,341 $781,232 $872,123 $4,481,803
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($2,284) ($907) $6,007 $35,060 $64,115 $93,168 $122,568 $153,006 $188,980 $218,033 $247,086 $276,141 $1,400,973
%of Sales -155.16% -12.32% 16.32% 21.85% 22.57% 22.85% 23.00% 23.10% 23.17% 23.21% 23.25% 23.27% 22.98%
Small Business Educational Format 7 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $1,104 $5,520 $27,603 $120,349 $213,095 $305,841 $399,692 $496,854 $611,683 $704,429 $797,175 $889,921 $4,573,266
Material $33 $166 $828 $3,610 $6,393 $9,175 $11,991 $14,906 $18,350 $21,133 $23,915 $26,698 $137,198
Labor $541 $2,705 $13,525 $58,971 $104,417 $149,862 $195,849 $243,458 $299,725 $345,170 $390,616 $436,061 $2,240,900
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($2,100) $13 $10,608 $55,119 $99,630 $144,142 $189,184 $235,815 $290,927 $335,438 $379,949 $424,461 $2,163,186
%of Sales -190.22% 0.24% 38.43% 45.80% 46.75% 47.13% 47.33% 47.46% 47.56% 47.62% 47.66% 47.70% 47.30%
Large Business Educational Format 8 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $1,349 $6,747 $33,737 $147,095 $260,454 $373,812 $487,170 $600,528 $715,235 $720,633 $747,623 $860,981 $4,955,364
Material $40 $202 $1,012 $4,413 $7,814 $11,214 $14,615 $18,016 $21,457 $21,619 $22,429 $25,829 $148,660
Labor $721 $3,607 $18,034 $78,628 $139,222 $199,817 $260,411 $321,005 $382,320 $385,205 $399,633 $460,227 $2,648,830
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($2,042) $302 $12,049 $61,405 $110,763 $160,119 $209,476 $258,832 $308,777 $311,121 $322,866 $372,224 $2,125,892
%of Sales -151.37% 4.48% 35.71% 41.75% 42.53% 42.83% 43.00% 43.10% 43.17% 43.17% 43.19% 43.23% 42.90%
Packaged Educational Formats 1, 3, 5 & 7 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $1,939 $9,695 $48,479 $211,369 $374,260 $537,150 $700,041 $862,931 $1,027,761 $1,035,518 $1,074,301 $1,237,191 $7,120,635
Material $58 $291 $1,454 $6,341 $11,228 $16,115 $21,001 $25,888 $30,833 $31,066 $32,229 $37,116 $213,620
Labor $721 $3,606 $18,034 $78,628 $139,222 $199,816 $260,411 $321,005 $382,320 $385,206 $399,633 $460,227 $2,648,829
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($1,470) $3,162 $26,349 $123,751 $221,155 $318,557 $415,961 $513,363 $611,927 $616,558 $639,744 $737,147 $4,226,204
%of Sales -75.81% 32.61% 54.35% 58.55% 59.09% 59.31% 59.42% 59.49% 59.54% 59.54% 59.55% 59.58% 59.35%
Packaged Educational Formats 2, 4, 6 & 8 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $2,501 $12,507 $62,537 $272,662 $482,787 $692,912 $903,037 $1,113,161 $1,323,286 $1,323,286 $1,323,286 $1,323,286 $8,835,248
Material $75 $375 $1,876 $8,180 $14,484 $20,787 $27,091 $33,395 $39,699 $39,699 $39,699 $39,699 $265,059
Labor $1,623 $8,115 $40,576 $176,913 $313,250 $449,587 $585,924 $722,260 $858,597 $858,597 $858,597 $858,597 $5,732,636
Fixed Cost of Goods & Services $2,630 $2,636 $2,642 $2,649 $2,655 $2,662 $2,668 $2,675 $2,681 $2,688 $2,695 $2,701 $31,982
Gross Profit ($1,827) $1,381 $17,443 $84,920 $152,398 $219,876 $287,354 $354,831 $422,309 $422,302 $422,295 $422,289 $2,805,571
%of Sales -73.05% 11.04% 27.89% 31.14% 31.57% 31.73% 31.82% 31.88% 31.91% 31.91% 31.91% 31.91% 31.75%
*** BUDGET (Year 1 by month) ***
Sales Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Seller Assisted Marketing Plan Fees $214,181 $218,244 $230,434 $295,445 $555,487 $555,487 $341,306 $341,306 $341,306 $351,552 $40,985 $204,925 $3,690,658
Employee Educational Formats 1 & 2 $244 $1,466 $7,578 $34,225 $81,407 $149,125 $237,378 $346,166 $475,490 $604,813 $734,136 $863,460 $3,535,488
Manager Educational Formats 3 & 4 $270 $1,622 $8,382 $37,856 $90,045 $164,948 $262,547 $382,896 $525,941 $668,986 $812,031 $955,094 $3,910,618
Employer Educational Formats 5 & 6 $1,472 $7,360 $36,804 $160,465 $284,127 $407,789 $532,922 $662,472 $815,577 $939,239 $1,062,900 $1,186,562 $6,097,689
Small Business Educational Format 7 $1,104 $5,520 $27,603 $120,349 $213,095 $305,841 $399,692 $496,854 $611,683 $704,429 $797,175 $889,921 $4,573,266
Large Business Educational Format 8 $1,349 $6,747 $33,737 $147,095 $260,454 $373,812 $487,170 $600,528 $715,235 $720,633 $747,623 $860,981 $4,955,364
Packaged Educational Formats 1, 3, 5 & 7 $1,939 $9,695 $48,479 $211,369 $374,260 $537,150 $700,041 $862,931 $1,027,761 $1,035,518 $1,074,301 $1,237,191 $7,120,635
Packaged Educational Formats 2, 4, 6 & 8 $2,501 $12,507 $62,537 $272,662 $482,787 $692,912 $903,037 $1,113,161 $1,323,286 $1,323,286 $1,323,286 $1,323,286 $8,835,248
Total Sales $223,060 $263,161 $455,554 $1,279,466 $2,341,662 $3,187,064 $3,864,093 $4,806,314 $5,836,279 $6,348,456 $6,592,437 $7,521,420 $42,718,966
Cost of Goods Sold
Material $6,690 $7,895 $13,665 $38,384 $70,251 $95,612 $115,922 $144,190 $175,088 $190,455 $197,774 $225,644 $1,281,570
Labor $43,112 $64,414 $169,489 $614,712 $1,125,270 $1,620,299 $2,109,558 $2,672,442 $3,293,409 $3,630,539 $3,933,743 $4,413,611 $23,690,598
Total Variable COGS $49,802 $72,309 $183,154 $653,096 $1,195,521 $1,715,911 $2,225,480 $2,816,632 $3,468,497 $3,820,994 $4,131,517 $4,639,255 $24,972,168
%of Total Sales 22.33% 27.48% 40.20% 51.04% 51.05% 53.84% 57.59% 58.60% 59.43% 60.19% 62.67% 61.68% 58.46%
Fixed Cost of Goods & Services
Production Management Salaries $20,833 $20,884 $20,936 $20,988 $21,040 $21,092 $21,144 $21,196 $21,248 $21,300 $21,353 $21,406 $253,420
Production Facility Expense $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $420
Production Equipment Rental $17 $17 $17 $17 $17 $17 $17 $17 $17 $17 $17 $17 $204
Small Tools / Supplies $29 $29 $29 $29 $29 $29 $29 $29 $29 $29 $29 $29 $348
Packaging Supplies $47 $47 $47 $47 $47 $47 $47 $47 $47 $47 $47 $47 $564
Other Production Expenses $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $900
Total Fixed Cost of Goods & Services $21,036 $21,087 $21,139 $21,191 $21,243 $21,295 $21,347 $21,399 $21,451 $21,503 $21,556 $21,609 $255,856
%of Total Sales 9.43% 8.01% 4.64% 1.66% 0.91% 0.67% 0.55% 0.45% 0.37% 0.34% 0.33% 0.29% 0.60%
Total Cost of Goods Sold $70,838 $93,396 $204,293 $674,287 $1,216,764 $1,737,206 $2,246,827 $2,838,031 $3,489,948 $3,842,497 $4,153,073 $4,660,864 $25,228,024
Gross Profit $152,222 $169,765 $251,261 $605,179 $1,124,898 $1,449,858 $1,617,266 $1,968,283 $2,346,331 $2,505,959 $2,439,364 $2,860,556 $17,490,942
%of Total Sales 68.24% 64.51% 55.16% 47.30% 48.04% 45.49% 41.85% 40.95% 40.20% 39.47% 37.00% 38.03% 40.94%
Operating Expenses
Sales & Marketing
Advertising $7,500 $7,518 $7,537 $7,556 $7,575 $7,594 $7,613 $7,632 $7,651 $7,670 $7,689 $7,708 $91,243
Commissions $4,461 $5,263 $9,111 $25,589 $46,833 $63,741 $77,282 $96,126 $116,726 $126,969 $131,849 $150,428 $854,378
Entertainment $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $1,500
Literature $1,298 $1,301 $1,304 $1,307 $1,310 $1,313 $1,316 $1,319 $1,322 $1,325 $1,328 $1,331 $15,774
Promotions $1,500 $1,504 $1,508 $1,512 $1,516 $1,520 $1,524 $1,528 $1,532 $1,536 $1,540 $1,544 $18,264
Salaries $7,788 $7,807 $7,826 $7,845 $7,864 $7,883 $7,902 $7,921 $7,941 $7,961 $7,981 $8,001 $94,720
Trade Shows $167 $167 $167 $167 $167 $167 $167 $167 $167 $167 $167 $167 $2,004
Travel $500 $501 $502 $503 $504 $505 $506 $507 $508 $509 $510 $511 $6,066
Total Sales & Marketing Costs $23,339 $24,186 $28,080 $44,604 $65,894 $82,848 $96,435 $115,325 $135,972 $146,262 $151,189 $169,815 $1,083,949
%of Total Sales 10.46% 9.19% 6.16% 3.49% 2.81% 2.60% 2.50% 2.40% 2.33% 2.30% 2.29% 2.26% 2.54%
Research & Development
Consulting $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $1,500
Equipment (Expensed Purchases) $1,175 $1,178 $1,181 $1,184 $1,187 $1,190 $1,193 $1,196 $1,199 $1,202 $1,205 $1,208 $14,298
R & D Materials $333 $334 $335 $336 $337 $338 $339 $340 $341 $342 $343 $344 $4,062
R & D Salaries $64 $64 $64 $64 $64 $64 $64 $64 $64 $64 $64 $64 $768
Total R & D Costs $1,697 $1,701 $1,705 $1,709 $1,713 $1,717 $1,721 $1,725 $1,729 $1,733 $1,737 $1,741 $20,628
%of Total Sales 0.76% 0.65% 0.37% 0.13% 0.07% 0.05% 0.04% 0.04% 0.03% 0.03% 0.03% 0.02% 0.05%
General & Administrative
Accounting $30 $30 $30 $30 $30 $30 $30 $30 $30 $30 $30 $30 $360
Admin Salaries $3,613 $3,622 $3,631 $3,640 $3,649 $3,658 $3,667 $3,676 $3,685 $3,694 $3,703 $3,712 $43,950
Emergency Funds $100 $106 $112 $119 $126 $133 $141 $149 $158 $167 $177 $188 $1,676
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Equipment Rental/Small Purchases $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $420
Insurance $1,410 $1,413 $1,416 $1,419 $1,422 $1,426 $1,430 $1,434 $1,438 $1,442 $1,446 $1,450 $17,146
Legal Fees $385 $386 $387 $388 $389 $390 $391 $392 $393 $394 $395 $396 $4,686
Licenses and Permits $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $1,500
Office Expenses $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $300
Office Rental $15 $15 $15 $15 $15 $15 $15 $15 $15 $15 $15 $15 $180
Taxes (non-Income Taxes) $33 $33 $33 $33 $33 $33 $33 $33 $33 $33 $33 $33 $396
Telephone $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $720
Utilities $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $420
Total G & A Costs $5,866 $5,885 $5,904 $5,924 $5,944 $5,965 $5,987 $6,009 $6,032 $6,055 $6,079 $6,104 $71,754
%of Total Sales 2.63% 2.24% 1.30% 0.46% 0.25% 0.19% 0.15% 0.13% 0.10% 0.10% 0.09% 0.08% 0.17%
Total Operating Expenses $30,902 $31,772 $35,689 $52,237 $73,551 $90,530 $104,143 $123,059 $143,733 $154,050 $159,005 $177,660 $1,176,331
%of Total Sales 13.85% 12.07% 7.83% 4.08% 3.14% 2.84% 2.70% 2.56% 2.46% 2.43% 2.41% 2.36% 2.75%
Income FromOperations $121,320 $137,993 $215,572 $552,942 $1,051,347 $1,359,328 $1,513,123 $1,845,224 $2,202,598 $2,351,909 $2,280,359 $2,682,896 $16,314,611
%of Total Sales 54.39% 52.44% 47.32% 43.22% 44.90% 42.65% 39.16% 38.39% 37.74% 37.05% 34.59% 35.67% 38.19%
Interest Income $6 $12 $24 $48 $97 $195 $392 $789 $1,587 $3,193 $6,424 $12,924 $25,691
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income before Taxes $121,326 $138,005 $215,596 $552,990 $1,051,444 $1,359,523 $1,513,515 $1,846,013 $2,204,185 $2,355,102 $2,286,783 $2,695,820 $16,340,302
Taxes on Income $40,038 $45,542 $71,147 $182,487 $346,977 $448,643 $499,460 $609,184 $727,381 $777,184 $754,638 $889,619 $5,392,300
Net Income After Taxes $81,288 $92,463 $144,449 $370,503 $704,467 $910,880 $1,014,055 $1,236,829 $1,476,804 $1,577,918 $1,532,145 $1,806,201 $10,948,002
%of Total Sales 36.44% 35.14% 31.71% 28.96% 30.08% 28.58% 26.24% 25.73% 25.30% 24.86% 23.24% 24.01% 25.63%
*** INCOME STATEMENT (Year 1 by month) ***
Sales Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Seller Assisted Marketing Plan Fees $214,181 $218,244 $230,434 $295,445 $555,487 $555,487 $341,306 $341,306 $341,306 $351,552 $40,985 $204,925 $3,690,658
Employee Educational Formats 1 & 2 $244 $1,466 $7,578 $34,225 $81,407 $149,125 $237,378 $346,166 $475,490 $604,813 $734,136 $863,460 $3,535,488
Manager Educational Formats 3 & 4 $270 $1,622 $8,382 $37,856 $90,045 $164,948 $262,547 $382,896 $525,941 $668,986 $812,031 $955,094 $3,910,618
Employer Educational Formats 5 & 6 $1,472 $7,360 $36,804 $160,465 $284,127 $407,789 $532,922 $662,472 $815,577 $939,239 $1,062,900 $1,186,562 $6,097,689
Small Business Educational Format 7 $1,104 $5,520 $27,603 $120,349 $213,095 $305,841 $399,692 $496,854 $611,683 $704,429 $797,175 $889,921 $4,573,266
Large Business Educational Format 8 $1,349 $6,747 $33,737 $147,095 $260,454 $373,812 $487,170 $600,528 $715,235 $720,633 $747,623 $860,981 $4,955,364
Packaged Educational Formats 1, 3, 5 & 7 $1,939 $9,695 $48,479 $211,369 $374,260 $537,150 $700,041 $862,931 $1,027,761 $1,035,518 $1,074,301 $1,237,191 $7,120,635
Packaged Educational Formats 2, 4, 6 & 8 $2,501 $12,507 $62,537 $272,662 $482,787 $692,912 $903,037 $1,113,161 $1,323,286 $1,323,286 $1,323,286 $1,323,286 $8,835,248
Total Sales $223,060 $263,161 $455,554 $1,279,466 $2,341,662 $3,187,064 $3,864,093 $4,806,314 $5,836,279 $6,348,456 $6,592,437 $7,521,420 $42,718,966
Cost of Goods Sold
Material $6,690 $7,895 $13,665 $38,384 $70,251 $95,612 $115,922 $144,190 $175,088 $190,455 $197,774 $225,644 $1,281,570
Labor $43,112 $64,414 $169,489 $614,712 $1,125,270 $1,620,299 $2,109,558 $2,672,442 $3,293,409 $3,630,539 $3,933,743 $4,413,611 $23,690,598
Total Variable COGS $49,802 $72,309 $183,154 $653,096 $1,195,521 $1,715,911 $2,225,480 $2,816,632 $3,468,497 $3,820,994 $4,131,517 $4,639,255 $24,972,168
%of Total Sales 22.33% 27.48% 40.20% 51.04% 51.05% 53.84% 57.59% 58.60% 59.43% 60.19% 62.67% 61.68% 58.46%
Total Fixed Cost of Goods & Services $21,036 $21,087 $21,139 $21,191 $21,243 $21,295 $21,347 $21,399 $21,451 $21,503 $21,556 $21,609 $255,856
Total Cost of Goods Sold $70,838 $93,396 $204,293 $674,287 $1,216,764 $1,737,206 $2,246,827 $2,838,031 $3,489,948 $3,842,497 $4,153,073 $4,660,864 $25,228,024
Gross Profit $152,222 $169,765 $251,261 $605,179 $1,124,898 $1,449,858 $1,617,266 $1,968,283 $2,346,331 $2,505,959 $2,439,364 $2,860,556 $17,490,942
%of Total Sales 68.24% 64.51% 55.16% 47.30% 48.04% 45.49% 41.85% 40.95% 40.20% 39.47% 37.00% 38.03% 40.94%
Operating Expenses
Sales & Marketing $23,339 $24,186 $28,080 $44,604 $65,894 $82,848 $96,435 $115,325 $135,972 $146,262 $151,189 $169,815 $1,083,949
Research & Development $1,697 $1,701 $1,705 $1,709 $1,713 $1,717 $1,721 $1,725 $1,729 $1,733 $1,737 $1,741 $20,628
G & A (without Depreciation) $5,866 $5,885 $5,904 $5,924 $5,944 $5,965 $5,987 $6,009 $6,032 $6,055 $6,079 $6,104 $71,754
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $30,902 $31,772 $35,689 $52,237 $73,551 $90,530 $104,143 $123,059 $143,733 $154,050 $159,005 $177,660 $1,176,331
%of Total Sales 13.85% 12.07% 7.83% 4.08% 3.14% 2.84% 2.70% 2.56% 2.46% 2.43% 2.41% 2.36% 2.75%
Income FromOperations $121,320 $137,993 $215,572 $552,942 $1,051,347 $1,359,328 $1,513,123 $1,845,224 $2,202,598 $2,351,909 $2,280,359 $2,682,896 $16,314,611
%of Total Sales 54.39% 52.44% 47.32% 43.22% 44.90% 42.65% 39.16% 38.39% 37.74% 37.05% 34.59% 35.67% 38.19%
Interest Income $6 $12 $24 $48 $97 $195 $392 $789 $1,587 $3,193 $6,424 $12,924 $25,691
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income before Taxes $121,326 $138,005 $215,596 $552,990 $1,051,444 $1,359,523 $1,513,515 $1,846,013 $2,204,185 $2,355,102 $2,286,783 $2,695,820 $16,340,302
Taxes on Income $40,038 $45,542 $71,147 $182,487 $346,977 $448,643 $499,460 $609,184 $727,381 $777,184 $754,638 $889,619 $5,392,300
Net Income After Taxes $81,288 $92,463 $144,449 $370,503 $704,467 $910,880 $1,014,055 $1,236,829 $1,476,804 $1,577,918 $1,532,145 $1,806,201 $10,948,002
%of Total Sales 36.44% 35.14% 31.71% 28.96% 30.08% 28.58% 26.24% 25.73% 25.30% 24.86% 23.24% 24.01% 25.63%
*** BALANCE SHEET (Year 1 by month) ***
As of the Month Ending:
Assets Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11
Current Assets
Cash ($193,776) ($299,956) ($535,313) ($713,939) ($934,229) ($997,128) ($818,916) ($332,398) $371,883 $1,140,974 $2,417,458 $3,891,073
Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accounts Receivable $223,060 $243,111 $359,358 $867,510 $1,810,564 $2,764,363 $3,525,579 $4,335,204 $5,321,297 $6,092,368 $6,470,447 $7,056,929
Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory $122,842 $323,992 $698,448 $1,209,419 $1,733,599 $2,274,021 $2,858,269 $3,390,159 $3,828,506 $4,218,811 $4,406,969 $4,660,864
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $152,126 $267,147 $522,493 $1,362,990 $2,609,934 $4,041,256 $5,564,932 $7,392,965 $9,521,686 $11,452,153 $13,294,874 $15,608,866
Plant & Equipment
Land $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building/Leasehold Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Automobiles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Net Plant & Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $152,126 $267,147 $522,493 $1,362,990 $2,609,934 $4,041,256 $5,564,932 $7,392,965 $9,521,686 $11,452,153 $13,294,874 $15,608,866
Liabilities & Owners' Equity
Current Liabilities
Short TermDebt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accounts Payable $70,838 $93,396 $204,293 $674,287 $1,216,764 $1,737,206 $2,246,827 $2,838,031 $3,489,948 $3,842,497 $4,153,073 $4,660,864
Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accrued Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Liabilities $70,838 $93,396 $204,293 $674,287 $1,216,764 $1,737,206 $2,246,827 $2,838,031 $3,489,948 $3,842,497 $4,153,073 $4,660,864
Long TermDebt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $70,838 $93,396 $204,293 $674,287 $1,216,764 $1,737,206 $2,246,827 $2,838,031 $3,489,948 $3,842,497 $4,153,073 $4,660,864
Owner/Stockholder Equity
Common Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings $81,288 $173,751 $318,200 $688,703 $1,393,170 $2,304,050 $3,318,105 $4,554,934 $6,031,738 $7,609,656 $9,141,801 $10,948,002
Dividends Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Owners' Equity $81,288 $173,751 $318,200 $688,703 $1,393,170 $2,304,050 $3,318,105 $4,554,934 $6,031,738 $7,609,656 $9,141,801 $10,948,002
Total Liabilities & Equity $152,126 $267,147 $522,493 $1,362,990 $2,609,934 $4,041,256 $5,564,932 $7,392,965 $9,521,686 $11,452,153 $13,294,874 $15,608,866
*** CASH FLOWS (STATEMENT of CHANGES in FINANCIAL POSITION: Year 1 by month) ***
Sources of Cash: Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Operations during the year:
Net Income After Taxes $81,288 $92,463 $144,449 $370,503 $704,467 $910,880 $1,014,055 $1,236,829 $1,476,804 $1,577,918 $1,532,145 $1,806,201 $10,948,002
Add items not decreasing cash
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accounts Payable $70,838 $22,558 $110,897 $469,994 $542,477 $520,442 $509,621 $591,204 $651,917 $352,549 $310,576 $507,791 $4,660,864
Increase in Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accrued Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Deduct items not increasing cash
Increase in Accounts Receivable $223,060 $20,051 $116,247 $508,152 $943,054 $953,799 $761,216 $809,625 $986,093 $771,071 $378,079 $586,482 $7,056,929
Increase in Inventory $122,842 $201,150 $374,456 $510,971 $524,180 $540,422 $584,248 $531,890 $438,347 $390,305 $188,158 $253,895 $4,660,864
Cash fromOperations ($193,776) ($106,180) ($235,357) ($178,626) ($220,290) ($62,899) $178,212 $486,518 $704,281 $769,091 $1,276,484 $1,473,615 $3,891,073
Financing & Other:
Sale of Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds fromShort TermLoans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds fromLong TermLoans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash fromOperations & Financing ($193,776) ($106,180) ($235,357) ($178,626) ($220,290) ($62,899) $178,212 $486,518 $704,281 $769,091 $1,276,484 $1,473,615 $3,891,073
Applications of Cash:
Payment of Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchases of Fixed Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Short TermLoans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Long TermLoans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase/(Decrease) in Cash ($193,776) ($106,180) ($235,357) ($178,626) ($220,290) ($62,899) $178,212 $486,518 $704,281 $769,091 $1,276,484 $1,473,615 $3,891,073
Change in Cash Balance
Ending Cash Balance ($193,776) ($299,956) ($535,313) ($713,939) ($934,229) ($997,128) ($818,916) ($332,398) $371,883 $1,140,974 $2,417,458 $3,891,073 $3,891,073
Beginning Cash Balance $0 ($193,776) ($299,956) ($535,313) ($713,939) ($934,229) ($997,128) ($818,916) ($332,398) $371,883 $1,140,974 $2,417,458 $0
Increase/(Decrease) in Cash ($193,776) ($106,180) ($235,357) ($178,626) ($220,290) ($62,899) $178,212 $486,518 $704,281 $769,091 $1,276,484 $1,473,615 $3,891,073
*** INCOME STATEMENT (Years 1 - 5) ***
%of Total %of Total %of Total %of Total %of Total
Sales Year 1 Sales Year 2 Sales Year 3 Sales Year 4 Sales Year 5 Sales
Seller Assisted Marketing Plan Fees $3,690,658 8.64% $8,341,494 5.13% $0 0.00% $0 0.00% $0 0.00%
Employee Educational Formats 1 & 2 $3,535,488 8.28% $20,448,723 12.58% $35,535,786 15.19% $37,245,102 15.63% $27,933,826 15.63%
Manager Educational Formats 3 & 4 $3,910,618 9.15% $22,618,417 13.92% $39,306,280 16.80% $41,196,962 17.29% $30,897,722 17.29%
Employer Educational Formats 5 & 6 $6,097,689 14.27% $24,417,255 15.03% $37,010,116 15.82% $37,381,100 15.69% $28,035,825 15.69%
Small Business Educational Format 7 $4,573,266 10.71% $18,312,938 11.27% $27,757,582 11.86% $28,035,820 11.77% $21,026,865 11.77%
Large Business Educational Format 8 $4,955,364 11.60% $17,910,564 11.02% $25,699,878 10.98% $25,699,878 10.79% $19,274,909 10.79%
Packaged Educational Formats 1, 3, 5 & 7 $7,120,635 16.67% $25,736,674 15.84% $36,929,567 15.78% $36,929,567 15.50% $27,697,175 15.50%
Packaged Educational Formats 2, 4, 6 & 8 $8,835,248 20.68% $24,714,680 15.21% $31,758,864 13.57% $31,758,864 13.33% $23,819,148 13.33%
Total Sales $42,718,966 100.00% $162,500,745 100.00% $233,998,073 100.00% $238,247,293 100.00% $178,685,470 100.00%
Cost of Goods Sold
Material $1,281,570 3.00% $1,320,017 0.81% $1,359,618 0.58% $1,400,407 0.59% $1,442,419 0.81%
Labor $23,690,598 55.46% $24,401,316 15.02% $25,133,355 10.74% $25,887,356 10.87% $26,663,977 14.92%
Total Variable COGS $24,972,168 58.46% $25,721,333 15.83% $26,492,973 11.32% $27,287,763 11.45% $28,106,396 15.73%
Total Fixed Cost of Goods & Services $255,856 0.60% $263,532 0.16% $271,438 0.12% $279,581 0.12% $287,968 0.16%
Total Cost of Goods Sold $25,228,024 59.06% $25,984,865 15.99% $26,764,411 11.44% $27,567,344 11.57% $28,394,364 15.89%
Gross Profit $17,490,942 40.94% $136,515,880 84.01% $207,233,662 88.56% $210,679,949 88.43% $150,291,106 84.11%
Operating Expenses
Sales & Marketing $1,083,949 2.54% $1,116,467 0.69% $1,149,961 0.49% $1,184,460 0.50% $1,219,994 0.68%
Research & Development $20,628 0.05% $22,072 0.01% $23,617 0.01% $25,270 0.01% $27,039 0.02%
G & A (without Depreciation) $71,754 0.17% $73,907 0.05% $76,124 0.03% $78,408 0.03% $80,760 0.05%
Depreciation $0 0.00% $0 0.00% $0 0.00% $0 0.00% $0 0.00%
Total Operating Expenses $1,176,331 2.75% $1,212,446 0.75% $1,249,702 0.53% $1,288,138 0.54% $1,327,793 0.74%
Income FromOperations $16,314,611 38.19% $135,303,434 83.26% $205,983,960 88.03% $209,391,811 87.89% $148,963,313 83.37%
Interest Income $25,691 0.06% $27,489 0.02% $29,413 0.01% $31,472 0.01% $33,675 0.02%
Interest Expense $0 0.00% $0 0.00% $0 0.00% $0 0.00% $0 0.00%
Income before Taxes $16,340,302 38.25% $135,330,923 83.28% $206,013,373 88.04% $209,423,283 87.90% $148,996,988 83.39%
Taxes on Income $5,392,300 12.62% $44,659,205 27.48% $67,984,413 29.05% $69,109,683 29.01% $49,169,006 27.52%
Net Income After Taxes $10,948,002 25.63% $90,671,718 55.80% $138,028,960 58.99% $140,313,600 58.89% $99,827,982 55.87%
*** BALANCE SHEET (Years 1 - 5) ***
As of the Year Ending:
Assets Year 1 Year 2 Year 3 Year 4 Year 5
Current Assets
Cash $3,891,073 $88,263,494 $220,415,962 $360,380,311 $465,103,785
Investments $0 $0 $0 $0 $0
Accounts Receivable $7,056,929 $13,356,226 $19,232,718 $19,581,969 $14,686,477
Notes Receivable $0 $0 $0 $0 $0
Inventory $4,660,864 $2,135,742 $2,199,815 $2,265,809 $2,333,783
Other Current Assets $0 $0 $0 $0 $0
Total Current Assets $15,608,866 $103,755,462 $241,848,495 $382,228,089 $482,124,045
Plant & Equipment
Land $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0
Building/Leasehold Improvements $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0
Automobiles $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0
Total Net Plant & Equipment $0 $0 $0 $0 $0
Other Assets $0 $0 $0 $0 $0
Total Assets $15,608,866 $103,755,462 $241,848,495 $382,228,089 $482,124,045
Liabilities & Owners' Equity
Current Liabilities
Short TermDebt $0 $0 $0 $0 $0
Accounts Payable $4,660,864 $2,135,742 $2,199,815 $2,265,809 $2,333,783
Other Payables $0 $0 $0 $0 $0
Accrued Liabilities $0 $0 $0 $0 $0
Total Current Liabilities $4,660,864 $2,135,742 $2,199,815 $2,265,809 $2,333,783
Long TermDebt $0 $0 $0 $0 $0
Total Liabilities $4,660,864 $2,135,742 $2,199,815 $2,265,809 $2,333,783
Owner/Stockholder Equity
Common Stock $0 $0 $0 $0 $0
Retained Earnings $10,948,002 $101,619,720 $239,648,680 $379,962,280 $479,790,262
Dividends Payable $0 $0 $0 $0 $0
Total Owners' Equity $10,948,002 $101,619,720 $239,648,680 $379,962,280 $479,790,262
Total Liabilities & Equity $15,608,866 $103,755,462 $241,848,495 $382,228,089 $482,124,045
*** CASH FLOWS (STATEMENT of CHANGES in FINANCIAL POSITION: Years 1 - 5) ***
Sources of Cash: Year 1 Year 2 Year 3 Year 4 Year 5
Operations during the year:
Net Income After Taxes $10,948,002 $90,671,718 $138,028,960 $140,313,600 $99,827,982
Add items not decreasing cash
Depreciation $0 $0 $0 $0 $0
Increase in Accounts Payable $4,660,864 ($2,525,122) $64,073 $65,994 $67,974
Increase in Other Payables $0 $0 $0 $0 $0
Increase in Accrued Liabilities $0 $0 $0 $0 $0
Deduct items not increasing cash
Increase in Accounts Receivable $7,056,929 $6,299,297 $5,876,492 $349,251 ($4,895,492)
Increase in Inventory $4,660,864 ($2,525,122) $64,073 $65,994 $67,974
Cash fromOperations $3,891,073 $84,372,421 $132,152,468 $139,964,349 $104,723,474
Financing & Other:
Sale of Stock $0 $0 $0 $0 $0
Proceeds fromShort TermLoans $0 $0 $0 $0 $0
Proceeds fromLong TermLoans $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0
Cash fromOperations & Financing $3,891,073 $84,372,421 $132,152,468 $139,964,349 $104,723,474
Applications of Cash:
Payment of Dividends $0 $0 $0 $0 $0
Purchases of Fixed Assets $0 $0 $0 $0 $0
Repayment of Short TermLoans $0 $0 $0 $0 $0
Repayment of Long TermLoans $0 $0 $0 $0 $0
Purchase of Investments $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0
Increase/(Decrease) in Cash $3,891,073 $84,372,421 $132,152,468 $139,964,349 $104,723,474
Change in Cash Balance
Ending Cash Balance $3,891,073 $88,263,494 $220,415,962 $360,380,311 $465,103,785
Beginning Cash Balance $0 $3,891,073 $88,263,494 $220,415,962 $360,380,311
Increase/(Decrease) in Cash $3,891,073 $84,372,421 $132,152,468 $139,964,349 $104,723,474
*** RATIO ANALYSIS (Years 1 - 5) ***
CAUTION: These ratios are valid only if you have completed your Budget,
Income Statement and Cash Flows statements and verified that
your Balance Sheets are in balance.
Ratios Year 1 Year 2 Year 3 Year 4 Year 5
Current Ratio 3.35 48.58 109.94 168.69 206.58 Current Assets / Current Liabilities
Quick Ratio (Acid Test) 2.35 47.58 108.94 167.69 205.58 Quick Assets (Cash + Receivables) / Current Liabilities
Return on Total Assets 70.14% 87.39% 57.07% 36.71% 20.71% Net Income After Taxes / Total Assets (at year end)
Total Assets Turnover 2.74 1.57 0.97 0.62 0.37 Total Sales / Total Assets (at year end)
Total Debt to Total Assets 0.30 0.02 0.01 0.01 0.00 Total Liabilities / Total Assets
Gross Profit Margin 40.94% 84.01% 88.56% 88.43% 84.11% Gross Profit (Net Sales) / Total Sales
Operating Profit Margin 38.19% 83.26% 88.03% 87.89% 83.37% Income FromOperations (Before Interest & Taxes) / Total Sales
Net Profit Margin 25.63% 55.80% 58.99% 58.89% 55.87% Net Income After Taxes / Total Sales
Return on Sales 62.59% 66.42% 66.61% 66.60% 66.42% Net Income After Taxes / Gross Profit (Net Sales)
Return on Owners' Equity 100.00% 89.23% 57.60% 36.93% 20.81% Net Income After Taxes / Total Owners' Equity (at year end)
Total Debt to Owners' Equity 0.43 0.02 0.01 0.01 0.00 Total Liabilities / Total Owners' Equity
*** BREAK-EVEN ANALYSIS (Year 1 by month) ***
Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Year 1
Sales $223,060 $263,161 $455,554 $1,279,466 $2,341,662 $3,187,064 $3,864,093 $4,806,314 $5,836,279 $6,348,456 $6,592,437 $7,521,420 $42,718,966
Fixed Costs
Fixed Cost of Goods & Services $21,036 $21,087 $21,139 $21,191 $21,243 $21,295 $21,347 $21,399 $21,451 $21,503 $21,556 $21,609 $255,856
Sales & Marketing (w/o Commissions) $18,878 $18,923 $18,969 $19,015 $19,061 $19,107 $19,153 $19,199 $19,246 $19,293 $19,340 $19,387 $229,571
Research & Development $1,697 $1,701 $1,705 $1,709 $1,713 $1,717 $1,721 $1,725 $1,729 $1,733 $1,737 $1,741 $20,628
G & A (without Depreciation) $5,866 $5,885 $5,904 $5,924 $5,944 $5,965 $5,987 $6,009 $6,032 $6,055 $6,079 $6,104 $71,754
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Less Reclassified Fixed Costs ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($125) ($1,500)
Total Fixed Costs $47,352 $47,471 $47,592 $47,714 $47,836 $47,959 $48,083 $48,207 $48,333 $48,459 $48,587 $48,716 $576,309
Variable Costs
Material and Labor $49,802 $72,309 $183,154 $653,096 $1,195,521 $1,715,911 $2,225,480 $2,816,632 $3,468,497 $3,820,994 $4,131,517 $4,639,255 $24,972,168
Commissions $4,461 $5,263 $9,111 $25,589 $46,833 $63,741 $77,282 $96,126 $116,726 $126,969 $131,849 $150,428 $854,378
Plus Reclassified Fixed Costs $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $125 $1,500
Total Variable Costs $54,388 $77,697 $192,390 $678,810 $1,242,479 $1,779,777 $2,302,887 $2,912,883 $3,585,348 $3,948,088 $4,263,491 $4,789,808 $25,828,046
Income fromOperations $121,320 $137,993 $215,572 $552,942 $1,051,347 $1,359,328 $1,513,123 $1,845,224 $2,202,598 $2,351,909 $2,280,359 $2,682,896 $16,314,611
Interest Income(Expense) - "Fixed" $6 $12 $24 $48 $97 $195 $392 $789 $1,587 $3,193 $6,424 $12,924 $25,691
Income Taxes - "Variable" $40,038 $45,542 $71,147 $182,487 $346,977 $448,643 $499,460 $609,184 $727,381 $777,184 $754,638 $889,619 $5,392,300
Net Income After Taxes $81,288 $92,463 $144,449 $370,503 $704,467 $910,880 $1,014,055 $1,236,829 $1,476,804 $1,577,918 $1,532,145 $1,806,201 $10,948,002
Income fromOperations Analysis
Contribution Margin 75.62% 70.48% 57.77% 46.95% 46.94% 44.16% 40.40% 39.39% 38.57% 37.81% 35.33% 36.32% 39.54%
Break-Even Sales Volume $62,621 $67,358 $82,385 $101,636 $101,908 $108,612 $119,009 $122,369 $125,319 $128,164 $137,533 $134,138 $1,457,548
Sales Volume Above Break-Even $160,439 $195,803 $373,169 $1,177,830 $2,239,754 $3,078,452 $3,745,084 $4,683,945 $5,710,960 $6,220,292 $6,454,904 $7,387,282 $41,261,418
Net Income After Taxes Analysis
Contribution Margin 57.67% 53.17% 42.15% 32.68% 32.12% 30.08% 27.48% 26.72% 26.10% 25.57% 23.88% 24.49% 26.92%
Break-Even Sales Volume $82,122 $89,305 $112,967 $146,137 $149,218 $160,091 $176,419 $183,368 $191,229 $202,017 $230,359 $251,695 $2,236,513
Sales Volume Above Break-Even $140,938 $173,856 $342,587 $1,133,329 $2,192,444 $3,026,973 $3,687,674 $4,622,946 $5,645,050 $6,146,439 $6,362,078 $7,269,725 $40,482,453
*
%of
Sales
*
3.00%
17.77%
0.87%
78.36%
*
*
%of
Sales
*
3.00%
81.37%
0.90%
14.73%
*
*
%of
Sales
*
3.00%
61.50%
0.82%
34.68%
*
*
%of
Sales
*
3.00%
73.50%
0.52%
22.98%
*
*
%of
Sales
*
3.00%
49.00%
0.70%
47.30%
*
*
%of
Sales
*
3.00%
53.45%
0.65%
42.90%
*
*
%of
Sales
*
3.00%
37.20%
0.45%
59.35%
*
*
%of
Sales
*
3.00%
64.88%
0.36%
31.75%
*
%of Total
Sales
8.64%
8.28%
9.15%
14.27%
10.71%
11.60%
16.67%
20.68%
100.00%
3.00%
55.46%
58.46%
0.59%
0.00%
0.00%
0.00%
0.00%
0.00%
0.60%
59.06%
40.94%
*
*
0.21%
2.00%
0.00%
0.04%
0.04%
0.22%
0.00%
0.01%
2.54%
0.00%
0.03%
0.01%
0.00%
0.05%
0.00%
0.10%
0.00%
0.00%
0.00%
0.04%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.17%
2.75%
38.19%
0.06%
0.00%
38.25%
25.63%
%of Total
Sales
8.64%
8.28%
9.15%
14.27%
10.71%
11.60%
16.67%
20.68%
100.00%
3.00%
55.46%
58.46%
0.60%
59.06%
40.94%
2.54%
0.05%
0.17%
0.00%
2.75%
38.19%
0.06%
0.00%
38.25%
12.62%
25.63%
%of Total
Sales
0.60%
0.54%
0.05%
0.17%
0.00%
0.00%
1.35%
58.46%
2.00%
0.00%
60.46%
38.19%
0.06%
12.62%
25.63%
3.41%
96.59%
5.24%
94.76%
Pre-Operating Expenses Pre-Operating Investment
Advertising $1,500 Owner
Literature $14,800 Investor
Promotions $3,300 Investor B
Other Mareting ! Advertising $"3,#$0 Total Pre-Operating Investment
%esear&h ! 'eve(o)ment $"38,000
*enera( ! Admin $4,#1$
Pre-Operating Debt
+urrent 'e,t
Long-.erm 'e,t
Long-.erm 'e,t "
Long-.erm 'e,t 3
Total Pre-Operating Debt
Starting Cash
Total Pre-Operating Expenses $286,!6
Pre-Operating "ssets
Inventor/ $4",5"0
Pro)ert/
01ui)ment $"3,434
Other Long-.erm Assets
Total Pre-Operating "ssets $6#,$#%
$"82,000
$110,000,000
$&&,28$,
$0
$
$&$,$'6,$!
(even)e *ine Title +ear 2
3e((er Assisted Mareting P(an $38,830400
0m)(o/ee 0du4 5ormats 1 ! " $4,151451 $1#,43$,34"
Manager 0du4 5ormats 3 ! 4 $4,52"400 $12,"8$,400
0m)(o/er 0du4 5ormats 5 ! $ $"5,000400 $105,000,000
3ma(( Business 0du4 5ormat # $14,583400 $$1,"48,$00
Large Business 0du4 5ormat 8 $"",21#400 $2$,"51,400
Pa&aged 0du4 5ormats 163656# $3",2304#0 $138,308,240
Pa&aged 0du4 5ormats "646$68 $4",4#2483 $1#8,415,"8$
,nits -onth & -onth 2 -onth ' -onth % -onth # -onth 6
3e((er Assisted Mareting P(an 1" 50 50 50 50 50
0m)(o/ee 0du4 5ormats 1 ! " 1" 50 50
Manager 0du4 5ormats 3 ! 4 1" 50
0m)(o/er 0du4 5ormats 5 ! $ 1"
3ma(( Business 0du4 5ormat #
Large Business 0du4 5ormat 8
Pa&aged 0du4 5ormats 163656#
Pa&aged 0du4 5ormats "646$68
0 0 0 0 0 0
0 0 0 0 0 0
Total ,nits &2 # # 62 &&2 &62
,nit Pri.e -onth & -onth 2 -onth ' -onth % -onth # -onth 6
3e((er Assisted Mareting P(an $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
0m)(o/ee 0du4 5ormats 1 ! " $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
Manager 0du4 5ormats 3 ! 4 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
0m)(o/er 0du4 5ormats 5 ! $ $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
3ma(( Business 0du4 5ormat # $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
Large Business 0du4 5ormat 8 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
Pa&aged 0du4 5ormats 163656# $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
Pa&aged 0du4 5ormats "646$68 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
0 $0400 $0400 $0400 $0400 $0400 $0400
0 $0400 $0400 $0400 $0400 $0400 $0400
(even)e -onth & -onth 2 -onth ' -onth % -onth # -onth 6
3e((er Assisted Mareting P(an $4$5,2$0 $1,241,500 $1,241,500 $1,241,500 $1,241,500 $1,241,500
0m)(o/ee 0du4 5ormats 1 ! " $0 $0 $0 $42,818 $"0#,5#$ $"0#,5#$
Manager 0du4 5ormats 3 ! 4 $0 $0 $0 $0 $55,104 $""2,$00
0m)(o/er 0du4 5ormats 5 ! $ $0 $0 $0 $0 $0 $300,000
3ma(( Business 0du4 5ormat # $0 $0 $0 $0 $0 $0
Large Business 0du4 5ormat 8 $0 $0 $0 $0 $0 $0
Pa&aged 0du4 5ormats 163656# $0 $0 $0 $0 $0 $0
Pa&aged 0du4 5ormats "646$68 $0 $0 $0 $0 $0 $0
0 $0 $0 $0 $0 $0 $0
0 $0 $0 $0 $0 $0 $0
/ross (even)e $%6#,$6 $&,$%&,# $&,$%&,# $&,$$&,'&8 $2,2%,&8 $2,6!8,6!6
,nit Cost -onth & -onth 2 -onth ' -onth % -onth # -onth 6
"verage
Pri.e
"verage
Cost
Dire.t Costs -onth & -onth 2 -onth ' -onth % -onth # -onth 6
Materia( $$,$20 $#,825 $13,$$5 $38,384 $#0,"51 $25,$1"
Produ&tion 5a&i(it/ 07)ense $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
Produ&tion 01ui)ment %enta( $1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#00
3ma(( .oo(s 6 3u))(ies $",200 $",200 $",200 $",200 $",200 $",200
Pa&aging 3u))(ies $4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,#00
Other Produ&tion 07)enses $#,500 $#,500 $#,500 $#,500 $#,500 $#,500
Dire.t Cost o0 (even)e $26,$$ $28,&$# $'',$6# $#8,68% $$,##& $&&#,$&2
+ear ' +ear % +ear # Overvie1
$0 $0 8ear 1 8ear " 8ear 3
$1#,43$,34" $1#,43$,34" $1#,43$,34" %evenue $4",052,350 $$15,24$,2$8 $$15,24$,2$8
$12,"8$,400 $12,"8$,400 $12,"8$,400 %ev *rowth 14$49 1009
$105,000,000 $105,000,000 $105,000,000 +O* $1,5"5,1#0 $1,5#0,2"5 $1,$18,053
$$1,"48,$00 $$1,"48,$00 $$1,"48,$00 +O* 9 34$9 0439 0439
$2$,"51,400 $2$,"51,400 $2$,"51,400 *M $40,534,180 $$14,3#$,043 $$14,3"8,215
$138,308,240 $138,308,240 $138,308,240 *M 9 2$449 224#9 224#9
$1#8,415,"8$ $1#8,415,"8$ $1#8,415,"8$ 0arnings :$#,1#8,"5"; $1#",01","## $1"0,230,820
0arnings Per&entage -1#419 "#429 124$9
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &%
50 0 0
50 50 50 50 50 50 350 350
50 50 50 50 50 50 350 350
50 50 50 50 50 50 350 350
1" 50 50 50 50 50 350 350
1" 50 50 50 50 350 350
1" 50 50 50 350 350
1" 50 50 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2&2 2&2 262 '&2 '# '# 2,%# 2,%#
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &%
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &%
$1,241,500 $0 $0 $0 $0 $0 $0 $0
$"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $1,453,0"2 $1,453,0"2
$""2,$00 $""2,$00 $""2,$00 $""2,$00 $""2,$00 $""2,$00 $1,$0#,"00 $1,$0#,"00
$1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000 $8,#50,000 $8,#50,000
$1#4,22$ $#"2,150 $#"2,150 $#"2,150 $#"2,150 $#"2,150 $5,104,050 $5,104,050
$0 $"#5,004 $1,145,850 $1,145,850 $1,145,850 $1,145,850 $8,0"0,250 $8,0"0,250
$0 $0 $325,1$8 $1,$4$,535 $1,$4$,535 $1,$4$,535 $11,5"5,#45 $11,5"5,#45
$0 $0 $0 $502,#58 $",1"3,22" $",1"3,22" $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$',8',6!2 $2,6$&,'' $',$#!,'%% $#,!&8,%68 $!,''2,!2 $!,''2,!2 $#&,'28,$&% $#&,'28,$&%
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &%
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &%
$115,2"" $144,120 $1#5,088 $120,455 $12#,##4 $""5,$44 $110,001 $110,001
$3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,$05 $3,$05
$1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#51 $1,#51
$",200 $",200 $",200 $",200 $",200 $",200 $",28# $",28#
$4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,841 $4,841
$#,500 $#,500 $#,500 $#,500 $#,500 $#,500 $#,#"5 $#,#"5
$0 $0
$0 $0
$0 $0
$0 $0
$&'6,222 $&6%,%$ $&$#,'88 $2&,!## $2&8,!% $2%#,$%% $&',$& $&',$&
Overvie1
8ear 4 8ear 5
$$15,24$,2$8 $$15,24$,2$8
1009 1009
$1,$$$,525 $1,#1$,523
0439 0439
$$14,"80,3#3 $$14,"30,3#5
224#9 224#9
$1"0,41",52# $112,453,342
12459 12449
-onth &# -onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22
0 0 0 0 0 0 0 0
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth &# -onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth &# -onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22
$0 $0 $0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth &# -onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22
-onth &# -onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22
$110,001 $110,001 $110,001 $110,001 $110,001 $110,001 $110,001 $110,001
$3,$05 $3,$05 $3,$05 $3,$05 $3,$05 $3,$05 $3,$05 $3,$05
$1,#51 $1,#51 $1,#51 $1,#51 $1,#51 $1,#51 $1,#51 $1,#51
$",28# $",28# $",28# $",28# $",28# $",28# $",28# $",28#
$4,841 $4,841 $4,841 $4,841 $4,841 $4,841 $4,841 $4,841
$#,#"5 $#,#"5 $#,#"5 $#,#"5 $#,#"5 $#,#"5 $#,#"5 $#,#"5
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$&',$& $&',$& $&',$& $&',$& $&',$& $&',$& $&',$& $&',$&
-onth 2' -onth 2% -onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth '
0 0 0 0 0 0 0 0
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth 2' -onth 2% -onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth '
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth 2' -onth 2% -onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth '
$0 $0 $0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth 2' -onth 2% -onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth '
-onth 2' -onth 2% -onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth '
$110,001 $110,001 $113,30" $113,30" $113,30" $113,30" $113,30" $113,30"
$3,$05 $3,$05 $3,#13 $3,#13 $3,#13 $3,#13 $3,#13 $3,#13
$1,#51 $1,#51 $1,804 $1,804 $1,804 $1,804 $1,804 $1,804
$",28# $",28# $3,0## $3,0## $3,0## $3,0## $3,0## $3,0##
$4,841 $4,841 $4,28$ $4,28$ $4,28$ $4,28$ $4,28$ $4,28$
$#,#"5 $#,#"5 $#,25# $#,25# $#,25# $#,25# $#,25# $#,25#
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$&',$& $&',$& $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8
-onth '& -onth '2 -onth '' -onth '% -onth '# -onth '6 -onth '! -onth '8
0 0 0 0 0 0 0 0
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth '& -onth '2 -onth '' -onth '% -onth '# -onth '6 -onth '! -onth '8
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth '& -onth '2 -onth '' -onth '% -onth '# -onth '6 -onth '! -onth '8
$0 $0 $0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth '& -onth '2 -onth '' -onth '% -onth '# -onth '6 -onth '! -onth '8
-onth '& -onth '2 -onth '' -onth '% -onth '# -onth '6 -onth '! -onth '8
$113,30" $113,30" $113,30" $113,30" $113,30" $113,30" $11$,#01 $11$,#01
$3,#13 $3,#13 $3,#13 $3,#13 $3,#13 $3,#13 $3,8"5 $3,8"5
$1,804 $1,804 $1,804 $1,804 $1,804 $1,804 $1,858 $1,858
$3,0## $3,0## $3,0## $3,0## $3,0## $3,0## $3,1$2 $3,1$2
$4,28$ $4,28$ $4,28$ $4,28$ $4,28$ $4,28$ $5,13$ $5,13$
$#,25# $#,25# $#,25# $#,25# $#,25# $#,25# $8,125 $8,125
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'8,88' $&'8,88'
-onth '$ -onth % -onth %& -onth %2 -onth %' -onth %% -onth %# -onth %6
0 0 0 0 0 0 0 0
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth '$ -onth % -onth %& -onth %2 -onth %' -onth %% -onth %# -onth %6
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth '$ -onth % -onth %& -onth %2 -onth %' -onth %% -onth %# -onth %6
$0 $0 $0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth '$ -onth % -onth %& -onth %2 -onth %' -onth %% -onth %# -onth %6
-onth '$ -onth % -onth %& -onth %2 -onth %' -onth %% -onth %# -onth %6
$11$,#01 $11$,#01 $11$,#01 $11$,#01 $11$,#01 $11$,#01 $11$,#01 $11$,#01
$3,8"5 $3,8"5 $3,8"5 $3,8"5 $3,8"5 $3,8"5 $3,8"5 $3,8"5
$1,858 $1,858 $1,858 $1,858 $1,858 $1,858 $1,858 $1,858
$3,1$2 $3,1$2 $3,1$2 $3,1$2 $3,1$2 $3,1$2 $3,1$2 $3,1$2
$5,13$ $5,13$ $5,13$ $5,13$ $5,13$ $5,13$ $5,13$ $5,13$
$8,125 $8,125 $8,125 $8,125 $8,125 $8,125 $8,125 $8,125
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88'
-onth %! -onth %8 -onth %$ -onth # -onth #& -onth #2 -onth #' -onth #%
0 0 0 0 0 0 0 0
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
350 350 350 350 350 350 350 350
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth %! -onth %8 -onth %$ -onth # -onth #& -onth #2 -onth #' -onth #%
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400 $0400 $0400
-onth %! -onth %8 -onth %$ -onth # -onth #& -onth #2 -onth #' -onth #%
$0 $0 $0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth %! -onth %8 -onth %$ -onth # -onth #& -onth #2 -onth #' -onth #%
-onth %! -onth %8 -onth %$ -onth # -onth #& -onth #2 -onth #' -onth #%
$11$,#01 $11$,#01 $1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0"
$3,8"5 $3,8"5 $3,232 $3,232 $3,232 $3,232 $3,232 $3,232
$1,858 $1,858 $1,213 $1,213 $1,213 $1,213 $1,213 $1,213
$3,1$2 $3,1$2 $3,"$4 $3,"$4 $3,"$4 $3,"$4 $3,"$4 $3,"$4
$5,13$ $5,13$ $5,"20 $5,"20 $5,"20 $5,"20 $5,"20 $5,"20
$8,125 $8,125 $8,441 $8,441 $8,441 $8,441 $8,441 $8,441
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$&'8,88' $&'8,88' $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$
-onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
0 0 0 0 0 0
350 350 350 350 350 350
350 350 350 350 350 350
350 350 350 350 350 350
350 350 350 350 350 350
350 350 350 350 350 350
350 350 350 350 350 350
350 350 350 350 350 350
0 0 0 0 0 0
0 0 0 0 0 0
2,%# 2,%# 2,%# 2,%# 2,%# 2,%#
-onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
$38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
$4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0400 $0400 $0400 $0400 $0400 $0400
$0400 $0400 $0400 $0400 $0400 $0400
-onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
$0 $0 $0 $0 $0 $0
$1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2 $1,453,0"2
$1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00 $1,$0#,"00
$8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000 $8,#50,000
$5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050 $5,104,050
$8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250 $8,0"0,250
$11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45 $11,5"5,#45
$14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241 $14,8$#,241
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
-onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
-onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
$1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0" $1"0,"0"
$3,232 $3,232 $3,232 $3,232 $3,232 $3,232
$1,213 $1,213 $1,213 $1,213 $1,213 $1,213
$3,"$4 $3,"$4 $3,"$4 $3,"$4 $3,"$4 $3,"$4
$5,"20 $5,"20 $5,"20 $5,"20 $5,"20 $5,"20
$8,441 $8,441 $8,441 $8,441 $8,441 $8,441
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$
Pa2roll Categories +earl2 Salar2
3e((er Assisted Mareting P(an
0m)(o/ee 0du4 5ormats 1 ! "
Manager 0du4 5ormats 3 ! 4
0m)(o/er 0du4 5ormats 5 ! $
3ma(( Business 0du4 5ormat #
Large Business 0du4 5ormat 8
Pa&aged 0du4 5ormats 163656#
Pa&aged 0du4 5ormats "646$68
Mareting ! Advertising
%esear&h ! 'eve(o)ment
*enera( ! Admin
-onth & -onth 2 -onth ' -onth % -onth # -onth 6

-onth & -onth 2 -onth ' -onth % -onth # -onth 6
Pa2roll -onth & -onth 2 -onth ' -onth % -onth # -onth 6
3e((er Assisted Mareting P(an $0 $0 $0 $0 $0 $0
0m)(o/ee 0du4 5ormats 1 ! " $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$
Manager 0du4 5ormats 3 ! 4 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413
0m)(o/er 0du4 5ormats 5 ! $ $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484
3ma(( Business 0du4 5ormat # $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4"
Large Business 0du4 5ormat 8 $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$
Pa&aged 0du4 5ormats 163656# $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$
Pa&aged 0du4 5ormats "646$68 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0
Mareting ! Advertising $#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233
%esear&h ! 'eve(o)ment $$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000
*enera( ! Admin $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5
3)mber o0
People +ear &
+earl2 Salar2
In.rease
/ro1th In +ear
2
/ro1th In
+ear '
/ro1th In
+ear %
Total Pa2roll $2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2'
$0 $"50,000 $"50,000 $"50,000 $"50,000
$",8#$,8"2 $1,#43,$34 $1,#43,$34 $1,#43,$34 $1,#43,$34
$",404,250 $1,2"8,$40 $1,2"8,$40 $1,2"8,$40 $1,2"8,$40
$4,481,803 $10,185,000 $10,500,000 $10,500,000 $10,500,000
$","40,200 $5,4$5,#08 $$,1"4,8$0 $$,1"4,8$0 $$,1"4,8$0
$",$48,830 $#,383,85# $2,$"5,140 $2,$"5,140 $2,$"5,140
$",$48,8"2 $8,344,$32 $13,830,824 $13,830,824 $13,830,824
$5,#3",$3$ $2,"##,525 $1#,841,5"2 $1#,841,5"2 $1#,841,5"2
$24#,"00 $$,214,#$0 $$,214,#$0 $$,214,#$0 $$,214,#$0
$#$8,000 $"2,083,300 $32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0
$432,500 $"2,083,300 $32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &% -onth &#

-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &% -onth &#
-onth ! -onth 8 -onth $ -onth & -onth && -onth &2 -onth &' -onth &% -onth &#
$0 $0 $0 $0 $0 $0 $"0,833 $"0,833 $"0,833
$"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $145,303 $145,303 $145,303
$"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $1$0,#"0 $1$0,#"0 $1$0,#"0
$3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $848,#50 $848,#50 $848,#50
$18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $455,4#$ $455,4#$ $455,4#$
$""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $$15,3"1 $$15,3"1 $$15,3"1
$""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $$25,38# $$25,38# $$25,38#
$4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $##3,133 $##3,133 $##3,133
$#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $5#$,"30 $5#$,"30 $5#$,"30
$$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $",4"3,$08 $",4"3,$08 $",4"3,$08
$3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $",4"3,$08 $",4"3,$08 $",4"3,$08
/ro1th In
+ear #
$2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2' $2,$$,&2' $$,&'8,'! $$,&'8,'! $$,&'8,'!
-onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22 -onth 2' -onth 2%

-onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22 -onth 2' -onth 2%
-onth &6 -onth &! -onth &8 -onth &$ -onth 2 -onth 2& -onth 22 -onth 2' -onth 2%
$"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833
$145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303
$1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0
$848,#50 $848,#50 $848,#50 $848,#50 $848,#50 $848,#50 $848,#50 $848,#50 $848,#50
$455,4#$ $455,4#$ $455,4#$ $455,4#$ $455,4#$ $455,4#$ $455,4#$ $455,4#$ $455,4#$
$$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1 $$15,3"1
$$25,38# $$25,38# $$25,38# $$25,38# $$25,38# $$25,38# $$25,38# $$25,38# $$25,38#
$##3,133 $##3,133 $##3,133 $##3,133 $##3,133 $##3,133 $##3,133 $##3,133 $##3,133
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08
$",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08
$$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'! $$,&'8,'!
-onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth ' -onth '& -onth '2 -onth ''

-onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth ' -onth '& -onth '2 -onth ''
-onth 2# -onth 26 -onth 2! -onth 28 -onth 2$ -onth ' -onth '& -onth '2 -onth ''
$"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833
$145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303
$1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0
$8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000
$510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405
$80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025
$1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5
$1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&#
-onth '% -onth '# -onth '6 -onth '! -onth '8 -onth '$ -onth % -onth %& -onth %2

-onth '% -onth '# -onth '6 -onth '! -onth '8 -onth '$ -onth % -onth %& -onth %2
-onth '% -onth '# -onth '6 -onth '! -onth '8 -onth '$ -onth % -onth %& -onth %2
$"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833
$145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303
$1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0
$8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000
$510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405
$80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025
$1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5
$1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&#
-onth %' -onth %% -onth %# -onth %6 -onth %! -onth %8 -onth %$ -onth # -onth #&

-onth %' -onth %% -onth %# -onth %6 -onth %! -onth %8 -onth %$ -onth # -onth #&
-onth %' -onth %% -onth %# -onth %6 -onth %! -onth %8 -onth %$ -onth # -onth #&
$"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833
$145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303
$1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0
$8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000
$510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405
$80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025
$1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5
$1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&#
-onth #2 -onth #' -onth #% -onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6

-onth #2 -onth #' -onth #% -onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
-onth #2 -onth #' -onth #% -onth ## -onth #6 -onth #! -onth #8 -onth #$ -onth 6
$"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833 $"0,833
$145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303 $145,303
$1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0 $1$0,#"0
$8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000 $8#5,000
$510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405 $510,405
$80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025 $80",025
$1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5 $1,15",5#5
$1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24 $1,48$,#24
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&# $&2,2!#,8&#
Expense Title +ear 2 /ro1th +ear ' /ro1th +ear % /ro1th
Advertising $2,328,400 $2,$80,400 $2,2#0,800
Literature $1#,81$,000 $12,380,000 $12,52$,000
Promotions $$,214,#$0 $#,1"","03 $#,335,8#0
Other Mareting ! Advertising $"2,083,300 $32,"#5,1$0 $32,"#5,1$0
%esear&h ! 'eve(o)ment $"2,083,300 $32,"#5,1$0 $32,"#5,1$0
*enera( ! Admin $$2,523,238 $81,523,23# $81,523,23#
Month 1 Month " Month 3 Month 4
*ross %evenue $4$5,2$0 $1,241,500 $1,241,500 $1,221,318
'ire&t +ost o< %evenue $"$,220 $"8,125 $33,2$5 $58,$84
Other 'ire&t +osts $0 $0 $0 $0
Total Cost o0 (even)e $26,$$ $28,&$# $'',$6# $#8,68%
/ross Pro0it $%'8,$! $&,$&','# $&,$!,#'# $&,$'2,6'%
*ross Margin Per&entage 244"9 28459 28439 2#419
O)erating 07)enses
Advertising $500 $220 $1,500 $5,000
Literature $1,"28 $1,301 $1,304 $1,30#
Promotions $500 $504 $800 $5,1"0
Other Mareting ! Advertising $#,2"0 $#,230 $#,240 $#,250
%esear&h ! 'eve(o)ment $1,$33 $1,$3# $1,$41 $1,$45
*enera( ! Admin $1,5#" $1,5#$ $1,580 $1,584
0
0
0
0
0
0
0
0
0
0
.ota( Pa/ro(( $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3
Pa/ro(( .a7es $881,$3" $881,$3" $881,$3" $881,$3"
Pa/ro(( Bene<its $0 $0 $0 $0
Total Operating Expenses $2,$$%,&!8 $2,$$%,6$' $2,$$#,#2 $',','6&
Operating Pro0it :$",555,"08; :$1,081,388; :$1,08#,285; :$1,0#0,#"#;
O)erating Pro<it Per&entage -548449 -554#9 -5$409 -53489
'e)re&iation $1,11" $1,280 $",848 $3,#1$
Earning 4e0ore Interest 5 Taxes 6$2,##6,'27 6$&,8','687 6$&,$,8''7 6$&,!%,%%'7
0BI. Per&entage -5484$9 -55489 -5$4"9 -54409
Interest 07)enses $0 $0 $0 $0
.a7es A&&rued $0 $0 $0 $0
Earnings 6$2,##6,'27 6$&,8','687 6$&,$,8''7 6$&,!%,%%'7
0arnings Per&entage -5484$9 -55489 -5$4"9 -54409
A&&umu(ated 0arnings ,e<ore ta7es :$",84",32$; :$3,2"5,#$4; :$5,01$,52#; :$$,021,040;
+ear # /ro1th
Business .a7 %ate 4"9
$10,"$2,$00
$"0,55$,000
$#,555,24#
$32,"#5,1$0
$32,"#5,1$0 'e)re&iation %ate In 8ears 8
$81,523,23#
Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11
$","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0"
$20,551 $115,21" $13$,""" $1$4,420 $125,388 $"10,#55 $"18,0#4
$0 $0 $0 $0 $0 $0 $0
$$,##& $&&#,$&2 $&'6,222 $&6%,%$ $&$#,'88 $2&,!## $2&8,!%
$2,&&',62$ $2,#62,!6% $',66!,%# $2,#26,8% $',!6&,$#6 $#,#!,!&' $!,&&%,628
25429 254#9 2$449 23429 25419 2$439 2#409
$5#,500 $24,000 $130,000 $3"0,000 $510,000 $$#0,000 $#$8,200
$1,310 $1,313 $1,31$ $1,312 $1,3"" $1,3"5 $1,3"8
$51,$00 $"00,000 $"40,000 $"80,000 $3"0,000 $53$,000 $540,000
$#2,$00 $#2,#00 $#2,801 $#2,201 $80,000 $80,100 $80,"00
$1$,420 $1$,530 $1$5,#00 $1$$,100 $1$$,500 $1$$,200 $1$#,300
$1$,420 $1$,530 $1$5,#00 $1$$,100 $1$$,500 $1$$,200 $1$#,300
$",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3
$881,$3" $881,$3" $881,$3" $881,$3" $881,$3" $881,$3" $881,$3"
$0 $0 $0 $0 $0 $0 $0
$',2',!%# $','88,828 $',!6',2!2 $',$$%,&!# $%,22#,!! $%,6&,$8 $%,!#,!8'
:$1,020,11$; :$8"$,0$4; :$25,8""; :$1,4$#,335; :$4$3,1"1; $205,#34 $",408,845
-42459 -30489 -"459 -54459 -114#9 15489 3"429
$4,584 $5,45" $$,3"0 $#,182 $8,05# $8,2"5 $2,#23
6$&,$%,!&7 6$8'&,#&!7 6$&2,&%'7 6$&,%!%,#2%7 6$%!&,&!!7 $8$6,8$ $2,'$$,#'
-424#9 -31409 -"4#9 -54489 -11429 154#9 3"4#9
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
6$&,$%,!&7 6$8'&,#&!7 6$&2,&%'7 6$&,%!%,#2%7 6$%!&,&!!7 $8$6,8$ $2,'$$,#'
-424#9 -31409 -"4#9 -54489 -11429 154#9 3"4#9
:$#,185,#41; :$8,01#,"5#; :$8,112,400; :$2,523,2"4; :$10,0$5,101; :$2,1$8,"2"; :$$,#$2,"40;
Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1# Month 18
$#,33",#0" $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$"45,244 $130,210 $130,210 $130,210 $130,210 $130,210 $130,210
$0 $0 $0 $0 $0 $0 $0
$2%#,$%% $&',$& $&',$& $&',$& $&',$& $&',$& $&',$&
$!,86,!#8 $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,%
2$4$9 224#9 224#9 224#9 224#9 224#9 224#9
$##0,800 $#83,"00 $#83,"00 $#83,"00 $#83,"00 $#83,"00 $#83,"00
$1,331 $1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$#
$584,000 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30
$80,300 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08
$1,$##,000 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08
$1,$##,000 $5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425
$",022,1"3 $2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0
$881,$3" $3,838,115 $3,838,115 $3,838,115 $3,838,115 $3,838,115 $3,838,115
$0 $0 $0 $0 $0 $0 $0
$!,!!&,&86 $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$'
:$$84,4"8; $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11
-2439 484"9 484"9 484"9 484"9 484"9 484"9
$10,$$1 $11,5"2 $1",32# $13,"$5 $14,133 $15,001 $15,8$2
6$6$#,8$7 $2%,!&$,&82 $2%,!&8,'&% $2%,!&!,%%6 $2%,!&6,#!8 $2%,!&#,!& $2%,!&%,8%2
-2459 484"9 484"9 484"9 484"9 484"9 48419
$0 $0 $0 $0 $0 $0 $0
$0 $10,38",05$ $10,381,$2" $10,381,3"# $10,380,2$3 $10,380,528 $10,380,"33
6$6$#,8$7 $&%,''!,&2# $&%,''6,622 $&%,''6,&&$ $&%,''#,6&# $&%,''#,&&2 $&%,''%,68
-2459 "#429 "#429 "#429 "#429 "#429 "#429
:$#,4$4,3"8; $1#,"54,853 $41,2#3,1$# $$$,$20,$13 $21,40#,121 $11$,1"",200 $140,83#,#4"
Month 12 Month "0 Month "1 Month "" Month "3 Month "4 Month "5
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$130,210 $130,210 $130,210 $130,210 $130,210 $130,210 $134,838
$0 $0 $0 $0 $0 $0 $0
$&',$& $&',$& $&',$& $&',$& $&',$& $&',$& $&'%,8'8
$#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$8,% $#&,&$%,!6
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$#83,"00 $#83,"00 $#83,"00 $#83,"00 $#83,"00 $#83,"00 $80$,#00
$1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$# $1,484,$$# $1,$15,000
$5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $5#$,"30 $523,51#
$",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $3,"#",230
$",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $",4"3,$08 $3,"#",230
$5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425 $5,#22,425 $$,#22,425
$2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0 $2,138,3#0 $1","#5,815
$3,838,115 $3,838,115 $3,838,115 $3,838,115 $3,838,115 $3,838,115 $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $26,%6!,2$' $'',!$2,22$
$"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $"4,#30,#11 $1#,401,848
484"9 484"9 484"9 484"9 484"9 484"9 33429
$1$,#3# $1#,$05 $18,4#3 $12,341 $"0,"02 $"1,0## $"1,245
$2%,!&',$!% $2%,!&',&# $2%,!&2,2'! $2%,!&&,'6$ $2%,!&,#& $2%,!$,6'' $&!,'!$,$2
48419 48419 48419 48419 48419 48419 33429
$0 $0 $0 $0 $0 $0 $0
$10,3#2,8$2 $10,3#2,504 $10,3#2,140 $10,3#8,##5 $10,3#8,411 $10,3#8,04$ $#,"22,552
$&%,''%,&# $&%,''',6& $&%,''',$8 $&%,''2,#$% $&%,''2,$& $&%,''&,#8! $&,8,'%'
"#429 "#429 "#429 "#429 "#429 "#429 124$9
$1$5,551,#15 $120,"$4,8"1 $"14,2##,058 $"32,$88,4"8 $"$4,328,2"2 $"82,108,5$" $30$,488,4$4
Month "$ Month "# Month "8 Month "2 Month 30 Month 31 Month 3"
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$134,838 $134,838 $134,838 $134,838 $134,838 $134,838 $134,838
$0 $0 $0 $0 $0 $0 $0
$&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8
$#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$80$,#00 $80$,#00 $80$,#00 $80$,#00 $80$,#00 $80$,#00 $80$,#00
$1,$15,000 $1,$15,000 $1,$15,000 $1,$15,000 $1,$15,000 $1,$15,000 $1,$15,000
$523,51# $523,51# $523,51# $523,51# $523,51# $523,51# $523,51#
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425
$1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815
$5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',!$2,22$
$1#,401,848 $1#,401,848 $1#,401,848 $1#,401,848 $1#,401,848 $1#,401,848 $1#,401,848
33429 33429 33429 33429 33429 33429 33429
$"",814 $"3,$8" $"4,550 $"5,418 $"$,"8$ $"#,154 $"8,0""
$&!,'!$,'% $&!,'!8,&66 $&!,'!!,2$8 $&!,'!6,%' $&!,'!#,#62 $&!,'!%,6$% $&!,'!',826
33429 33429 33429 33429 33429 33489 33489
$0 $0 $0 $0 $0 $0 $0
$#,"22,124 $#,"28,830 $#,"28,4$5 $#,"28,101 $#,"2#,#3$ $#,"2#,3#1 $#,"2#,00#
$&,!$,8% $&,!$,''6 $&,!8,8'' $&,!8,'2$ $&,!!,826 $&,!!,'22 $&,!6,8&$
124$9 124$9 124$9 124$9 124$9 124$9 124$9
$3"3,8$#,428 $341,"45,$$4 $358,$"",2$" $3#5,222,32" $323,3#4,254 $410,#42,$48 $4"8,1"3,4#4
Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38 Month 32
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$134,838 $134,838 $134,838 $134,838 $138,883 $138,883 $138,883
$0 $0 $0 $0 $0 $0 $0
$&'%,8'8 $&'%,8'8 $&'%,8'8 $&'%,8'8 $&'8,88' $&'8,88' $&'8,88'
$#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$%,!6 $#&,&$,'& $#&,&$,'& $#&,&$,'&
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$80$,#00 $80$,#00 $80$,#00 $80$,#00 $830,200 $830,200 $830,200
$1,$15,000 $1,$15,000 $1,$15,000 $1,$15,000 $1,$33,000 $1,$33,000 $1,$33,000
$523,51# $523,51# $523,51# $523,51# $$11,3"" $$11,3"" $$11,3""
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425
$1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815
$5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',!$2,22$ $'',8#2,2'% $'',8#2,2'% $'',8#2,2'%
$1#,401,848 $1#,401,848 $1#,401,848 $1#,401,848 $1#,33#,#2# $1#,33#,#2# $1#,33#,#2#
33429 33429 33429 33429 33489 33489 33489
$"8,820 $"2,#58 $30,$"$ $31,424 $3",3$" $33,"30 $34,028
$&!,'!2,$#8 $&!,'!2,$ $&!,'!&,222 $&!,'!,'#% $&!,'#,%'# $&!,'%,#6! $&!,'',6$$
33489 33489 33489 33489 334#9 334#9 334#9
$0 $0 $0 $0 $0 $0 $0
$#,"2$,$4" $#,"2$,"#8 $#,"25,213 $#,"25,548 $#,"$8,"83 $#,"$#,218 $#,"$#,553
$&,!6,'&# $&,!#,8&2 $&,!#,'$ $&,!%,8# $&,'!,&#2 $&,'6,6%$ $&,'6,&%#
124$9 124$9 124$9 124$9 124$9 124$9 124$9
$445,42$,43" $4$",8$8,5"1 $480,"32,#43 $42#,$10,02$ $514,215,531 $53",""0,028 $542,5"3,#2#
Month 40 Month 41 Month 4" Month 43 Month 44 Month 45 Month 4$
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$138,883 $138,883 $138,883 $138,883 $138,883 $138,883 $138,883
$0 $0 $0 $0 $0 $0 $0
$&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88' $&'8,88'
$#&,&$,'& $#&,&$,'& $#&,&$,'& $#&,&$,'& $#&,&$,'& $#&,&$,'& $#&,&$,'&
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$830,200 $830,200 $830,200 $830,200 $830,200 $830,200 $830,200
$1,$33,000 $1,$33,000 $1,$33,000 $1,$33,000 $1,$33,000 $1,$33,000 $1,$33,000
$$11,3"" $$11,3"" $$11,3"" $$11,3"" $$11,3"" $$11,3"" $$11,3""
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425
$1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815
$5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$'',8#2,2'% $'',8#2,2'% $'',8#2,2'% $'',8#2,2'% $'',8#2,2'% $'',8#2,2'% $'',8#2,2'%
$1#,33#,#2# $1#,33#,#2# $1#,33#,#2# $1#,33#,#2# $1#,33#,#2# $1#,33#,#2# $1#,33#,#2#
33489 33489 33489 33489 33489 33489 33489
$34,2$$ $35,834 $3$,#0" $3#,5#0 $38,432 $32,30# $40,1#5
$&!,'2,8'& $&!,'&,$6' $&!,'&,$% $&!,',226 $&!,2$$,'#8 $&!,2$8,%$ $&!,2$!,622
334#9 334#9 334#9 334#9 334#9 334#9 334#9
$0 $0 $0 $0 $0 $0 $0
$#,"$#,182 $#,"$$,8"4 $#,"$$,4$0 $#,"$$,025 $#,"$5,#31 $#,"$5,3$$ $#,"$5,001
$&,'#,6%2 $&,'#,&'8 $&,'%,6'# $&,'%,&'& $&,'',628 $&,'',&2% $&,'2,62&
124$9 124$9 12459 12459 12459 12459 12459
$5$$,8"$,$"# $584,1"8,520 $$01,4"2,$84 $$18,#"2,210 $$3$,0"2,"$2 $$53,3"#,#52 $$#0,$"5,381
Month 4# Month 48 Month 42 Month 50 Month 51 Month 5" Month 53
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$138,883 $138,883 $143,042 $143,042 $143,042 $143,042 $143,042
$0 $0 $0 $0 $0 $0 $0
$&'8,88' $&'8,88' $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$
$#&,&$,'& $#&,&$,'& $#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86#
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$830,200 $830,200 $855,800 $855,800 $855,800 $855,800 $855,800
$1,$33,000 $1,$33,000 $1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000
$$11,3"" $$11,3"" $$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$"
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425
$1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815
$5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$'',8#2,2'% $'',8#2,2'% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!%
$1#,33#,#2# $1#,33#,#2# $1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321
33489 33489 33459 33459 33459 33459 33459
$41,043 $41,211 $4",##2 $43,$4# $44,515 $45,383 $4$,"51
$&!,2$6,!#% $&!,2$#,886 $&!,&6!,6&2 $&!,&66,!%% $&!,&6#,8!6 $&!,&6#,8 $&!,&6%,&%
334#9 334#9 33449 33449 33449 33449 33449
$0 $0 $0 $0 $0 $0 $0
$#,"$4,$3# $#,"$4,"#" $#,"10,32# $#,"10,03" $#,"02,$$8 $#,"02,303 $#,"08,232
$&,'2,&&! $&,'&,6&% $$,$#!,2&# $$,$#6,!&& $$,$#6,28 $$,$##,!% $$,$##,2&
12459 12459 12449 12449 12449 12449 12449
$$8#,2"",13$ $#05,"18,0"" $#"",385,$33 $#32,55",3## $#5$,#18,"53 $##3,883,"$1 $#21,04#,400
Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52 Month $0
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$143,042 $143,042 $143,042 $143,042 $143,042 $143,042 $143,042
$0 $0 $0 $0 $0 $0 $0
$&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$ $&%',%$
$#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86# $#&,&8#,86#
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$855,800 $855,800 $855,800 $855,800 $855,800 $855,800 $855,800
$1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000 $1,#13,000
$$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$" $$"2,$$"
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230 $3,"#",230
$$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425 $$,#22,425
$1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815 $1","#5,815
$5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84" $5,155,84"
$0 $0 $0 $0 $0 $0 $0
$'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!% $'',$!#,%!%
$1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321 $1#,"10,321
33459 33459 33459 33459 33459 33459 33459
$4#,112 $4#,28# $48,855 $42,#"3 $50,521 $51,452 $5",3"#
$&!,&6',2!2 $&!,&62,%' $&!,&6&,#'# $&!,&6,66! $&!,&#$,!$$ $&!,&#8,$'& $&!,&#8,6'
33449 33449 33449 33449 33449 33449 33449
$0 $0 $0 $0 $0 $0 $0
$#,"08,5#4 $#,"08,"02 $#,"0#,845 $#,"0#,480 $#,"0#,11$ $#,"0$,#51 $#,"0$,38#
$$,$#%,6$! $$,$#%,&$% $$,$#',6$& $$,$#',&8! $$,$#2,68% $$,$#2,&8 $$,$#&,6!!
12449 12449 12449 12449 12449 12449 12449
$808,"10,$#" $8"5,3#3,0#5 $84",534,$11 $852,$25,"#8 $8#$,855,0## $824,014,002 $211,1#",0#"
Month 1 Month " Month 3
Operating ".tivities
Cash (e.eive8
*ross %evenue $4$5,2$0 $1,241,500 $1,241,500
Total Cash (e.eive8 $%6#,$6 $&,$%&,# $&,$%&,#
Cash ,se8
+ost o< %evenue $"$,220 $"8,125 $33,2$5
Pa/ro((6.a7es6Bene<its $",280,#55 $",280,#55 $",280,#55
Other O)erating 07)enses $13,4"3 $13,238 $14,#$5
Additiona( Inventor/ $1,828 $2,020 $38,24"
Interest 07)enses $0 $0 $0
.a7es A&&rued $0 $0 $0
Total Cash ,se8 $',2',66 $','&,$!8 $',68,%2!
3et Cash 9rom:6,se8 427 Operating 6$2,##!,&67 6$&,$,%!87 6$&,&26,$2!7
Investing ".tivities
Cash (e.eive8
Pro&eeds <rom +urrent Assets $0 $0 $0
Pro&eeds <rom Pro)ert/6Land $0 $0 $0
Pro&eeds <rom 01ui)ment $0 $0 $0
Pro&eeds <rom Other L. Assets $0 $0 $0
Total Cash (e.eive8 $ $ $
Cash ,se8
Pur&hase o< +urrent Assets $0 $0 $0
Pur&hase o< Pro)ert/6Land $0 $0 $0
Pur&hase o< 01ui)ment $83,333 $83,333 $83,333
Pur&hase o< Other L. Assets $0 $0 $0
Total Cash ,se8 $8',''' $8',''' $8','''
3et Cash 9rom:6,se8 427 Investing 6$8','''7 6$8','''7 6$8','''7
9inan.ing ".tivities
Cash (e.eive8
Pro&eeds <rom Investors $0 $0 $0
Pro&eeds <rom +urrent 'e,t $0 $0 $0
Pro&eeds <rom Long-.erm 'e,t $0 $0 $0
Total Cash (e.eive8 $ $ $
Cash ,se8
'ividends Paid $0 $0 $0
%e)a/ment o< +urrent 'e,t $0 $0 $0
%e)a/ment o< Long-.erm 'e,t $0 $0 $0
Total Cash ,se8 $ $ $
3et Cash 9rom:6,se8 427 9inan.ing $ $ $
3et Cash 9lo1 6$2,6%,%'$7 6$&,&!',8&&7 6$&,2&,267
Cash 4alan.e $&!,2$6,#'& $&6,&22,!&$ $&%,$&2,%#$
*oan & Month 1 Month " Month 3
Amount $0 4alan.e $0 $0 $0
%ate #4009 Interest $0 $0 $0
.erm #40 Prin.iple $0 $0 $0
Pa/ment $0
*oan 2
Amount $0 4alan.e $0 $0 $0
%ate 24009 Interest $0 $0 $0
.erm 540 Prin.iple $0 $0 $0
Pa/ment $0
*oan '
Amount $0 4alan.e $0 $0 $0
%ate 24009 Interest $0 $0 $0
.erm 440 Prin.iple $0 $0 $0
Pa/ment $0
3e1 *T Debt Total *oan $0 $0 $0
Pa2ment $0 $0 $0
%ate 24009 4alan.e $0 $0 $0
.erm #40 Interest $0 $0 $0
Prin.iple $0 $0 $0
C)rrent Debt
%ate 104009
'ire&t +ost o< %evenue $"$,220 $"8,125 $33,2$5
3tart Inventor/ $4",5"0
=ew .ota( Inventor/ $44,418 $53,508 $2",451
=ew Inventor/ $1,828 $2,020 $38,24"
Months o< O)erating 07)ense +ash On >and 3$ 35 35
Month 4 Month 5 Month $ Month # Month 8 Month 2 Month 10
$1,221,318 $","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8
$&,$$&,'&8 $2,2%,&8 $2,6!8,6!6 $',8',6!2 $2,6$&,'' $',$#!,'%% $#,!&8,%68
$58,$84 $20,551 $115,21" $13$,""" $1$4,420 $125,388 $"10,#55
$",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55
$"",$0$ $""",220 $408,0#3 $#8",51# $1,013,4"0 $1,"44,3"" $1,$"1,""5
$50,"03 $32,254 $31,22$ $44,533 $48,$## $"4,"02 $11,530
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$',&&2,2%8 $',''%,2%$ $',#'6,!'6 $',$%%,2! $%,2!,'%& $%,%%%,6!% $%,82%,26#
6$&,&2,$'7 6$&,&',!7 6$8#8,6&7 6$&%,'#67 6$&,#&6,&27 6$%8!,''7 $8$%,2'
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
6$&,2%,26'7 6$&,2&',%'7 6$$%&,'$%7 6$22',68$7 6$&,#$$,'%#7 6$#!,66'7 $8&,8!
$&',!8,&$6 $&2,%$%,!$2 $&&,##','$$ $&&,'2$,!& $$$,!','6% $$$,&#$,!& $$$,$!,#!&
Month 4 Month 5 Month $ Month # Month 8 Month 2 Month 10
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$58,$84 $20,551 $115,21" $13$,""" $1$4,420 $125,388 $"10,#55
$14",$54 $18",$08 $"14,$04 $"52,13# $30#,814 $33",0"3 $343,553
$50,"03 $32,254 $31,22$ $44,533 $48,$## $"4,"02 $11,530
35 3" 30 "# "5 "3 ""
Month 11 Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1#
$#,33",#0" $#,33",#0" $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$!,''2,!2 $!,''2,!2 $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$"18,0#4 $"45,244 $130,210 $130,210 $130,210 $130,210 $130,210
$",280,#55 $",280,#55 $1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485
$1,#"5,0"8 $4,#20,431 $13,420,808 $13,420,808 $13,420,808 $13,420,808 $13,420,808
$43,20$ $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $10,38",05$ $10,381,$2" $10,381,3"# $10,380,2$3 $10,380,528
$%,$6!,!6' $8,&!,&' $'6,$8,26 $'6,$!$,8$# $'6,$!$,#'& $'6,$!$,&66 $'6,$!8,8&
$2,'6%,$'$ 6$68%,%287 $&%,'%8,6#% $&%,'%$,&$ $&%,'%$,'8' $&%,'%$,!%8 $&%,'#,&&'
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$2,28&,66 6$!6!,!6&7 $&%,26#,'2& $&%,26#,686 $&%,266,# $&%,266,%&# $&%,266,!!$
$&2,2#2,&!6 $&&,%8%,%&# $&&#,!%$,!'6 $&',&#,%22 $&%%,28&,%!2 $&#8,#%!,88! $&!2,8&%,666
Month 11 Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1#
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$"18,0#4 $"45,244 $130,210 $130,210 $130,210 $130,210 $130,210
$38#,4$0 $"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$
$43,20$ $0 $0 $0 $0 $0 $0
"" 13 4 5 5 $ #
Month 18 Month 12 Month "0 Month "1 Month "" Month "3 Month "4
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$130,210 $130,210 $130,210 $130,210 $130,210 $130,210 $130,210
$1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485 $1",2#$,485
$13,420,808 $13,420,808 $13,420,808 $13,420,808 $13,420,808 $13,420,808 $13,420,808
$0 $0 $0 $0 $0 $0 $$,18#
$0 $0 $0 $0 $0 $0 $0
$10,380,"33 $10,3#2,8$2 $10,3#2,504 $10,3#2,140 $10,3#8,##5 $10,3#8,411 $10,3#8,04$
$'6,$!8,%'! $'6,$!8,!2 $'6,$!!,!8 $'6,$!!,'%' $'6,$!6,$!8 $'6,$!6,6&% $'6,$82,%'6
$&%,'#,%!! $&%,'#,8%2 $&%,'#&,26 $&%,'#&,#!& $&%,'#&,$'6 $&%,'#2,' $&%,'%6,%!8
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$&%,26!,&%% $&%,26!,#8 $&%,26!,8!' $&%,268,2'8 $&%,268,62 $&%,268,$6! $&%,26',&%%
$&8!,8&,8& $2&,'%$,'&8 $2&#,6&!,&$& $22$,88#,%2$ $2%%,&#%,'& $2#8,%22,$$8 $2!2,686,&%2
Month 18 Month 12 Month "0 Month "1 Month "" Month "3 Month "4
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$130,210 $130,210 $130,210 $130,210 $130,210 $130,210 $130,210
$"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$ $"0$,"3$ $"1",4"3
$0 $0 $0 $0 $0 $0 $$,18#
# 8 8 2 2 10 10
Month "5 Month "$ Month "# Month "8 Month "2 Month 30 Month 31
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$134,838 $134,838 $134,838 $134,838 $134,838 $134,838 $134,838
$1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5#
$1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#"
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$#,"22,552 $#,"22,124 $#,"28,830 $#,"28,4$5 $#,"28,101 $#,"2#,#3$ $#,"2#,3#1
$%&,226,62# $%&,226,26& $%&,22#,8$6 $%&,22#,#'& $%&,22#,&6! $%&,22%,82 $%&,22%,%'8
$&,&2,28$ $&,&2,6#' $&,&',&8 $&,&','8' $&,&',!%! $&,&%,&&2 $&,&%,%!6
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$&,&8,$## $&,&$,'2 $&,&$,68# $&,2,%$ $&,2,%&% $&,2,!!8 $&,2&,&%'
$282,!#,$8 $2$2,!2%,%&8 $'2,!%%,&2 $'&2,!6%,&#2 $'22,!8%,#6# $''2,8#,'%% $'%2,826,%8!
Month "5 Month "$ Month "# Month "8 Month "2 Month 30 Month 31
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$134,838 $134,838 $134,838 $134,838 $134,838 $134,838 $134,838
$"1",4"3 $"1",4"3 $"1",4"3 $"1",4"3 $"1",4"3 $"1",4"3 $"1",4"3
$0 $0 $0 $0 $0 $0 $0
8 2 2 2 10 10 10
Month 3" Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$134,838 $134,838 $134,838 $134,838 $134,838 $138,883 $138,883
$1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5#
$1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,3$0,5#" $1$,4"0,5## $1$,4"0,5##
$0 $0 $0 $0 $$,3#3 $0 $0
$0 $0 $0 $0 $0 $0 $0
$#,"2#,00# $#,"2$,$4" $#,"2$,"#8 $#,"25,213 $#,"25,548 $#,"$8,"83 $#,"$#,218
$%&,22%,!' $%&,22',!$ $%&,22','%% $%&,222,$!$ $%&,228,$88 $%&,2#$,% $%&,2#$,'#
$&,&%,8%& $&,&#,2# $&,&#,#! $&,&#,$'# $&,$$,$26 $&,6$,#&% $&,6$,8!$
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$&,2&,#8 $&,2&,8!2 $&,22,2'! $&,22,6& $&,&6,#$' $$,$86,&8& $$,$86,#%6
$'#2,8%!,$$% $'62,86$,866 $'!2,8$2,&' $'82,$&%,!% $'$2,$'&,2$! $%2,$&!,%!8 $%&2,$%,2%
Month 3" Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$134,838 $134,838 $134,838 $134,838 $134,838 $138,883 $138,883
$"1",4"3 $"1",4"3 $"1",4"3 $"1",4"3 $"18,#2$ $"18,#2$ $"18,#2$
$0 $0 $0 $0 $$,3#3 $0 $0
10 11 11 11 1" 1" 1"
Month 32 Month 40 Month 41 Month 4" Month 43 Month 44 Month 45
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$138,883 $138,883 $138,883 $138,883 $138,883 $138,883 $138,883
$1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5#
$1$,4"0,5## $1$,4"0,5## $1$,4"0,5## $1$,4"0,5## $1$,4"0,5## $1$,4"0,5## $1$,4"0,5##
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$#,"$#,553 $#,"$#,182 $#,"$$,8"4 $#,"$$,4$0 $#,"$$,025 $#,"$5,#31 $#,"$5,3$$
$%&,2#8,6!& $%&,2#8,'6 $%&,2#!,$%& $%&,2#!,#!! $%&,2#!,2&2 $%&,2#6,8%8 $%&,2#6,%8'
$&,!,2%' $&,!,68 $&,!,$!' $&,!&,''! $&,!&,!2 $&,!2,66 $&,!2,%'&
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$$,$86,$& $$,$8!,2!# $$,$8!,6'$ $$,$88,% $$,$88,'68 $$,$88,!'' $$,$8$,$8
$%22,8$,$'% $%'2,8!8,28 $%%2,86#,8%8 $%#2,8#',8#2 $%62,8%2,22 $%!2,8',$#' $%82,82,#&
Month 32 Month 40 Month 41 Month 4" Month 43 Month 44 Month 45
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$138,883 $138,883 $138,883 $138,883 $138,883 $138,883 $138,883
$"18,#2$ $"18,#2$ $"18,#2$ $"18,#2$ $"18,#2$ $"18,#2$ $"18,#2$
$0 $0 $0 $0 $0 $0 $0
1" 13 13 13 14 14 14
Month 4$ Month 4# Month 48 Month 42 Month 50 Month 51 Month 5"
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$138,883 $138,883 $138,883 $143,042 $143,042 $143,042 $143,042
$1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5#
$1$,4"0,5## $1$,4"0,5## $1$,4"0,5## $1$,543,81# $1$,543,81# $1$,543,81# $1$,543,81#
$0 $0 $$,5$4 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$#,"$5,001 $#,"$4,$3# $#,"$4,"#" $#,"10,32# $#,"10,03" $#,"02,$$8 $#,"02,303
$%&,2#6,&&8 $%&,2##,!#% $%&,26&,$#' $%&,'28,$2 $%&,'28,##6 $%&,'28,&$& $%&,'2!,82!
$&,!2,!$6 $&,!',&6 $&,66,$6& $$,$$$,$$% $&,,'#8 $&,,!2' $&,&,8!
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$$,$8$,%62 $$,$8$,82! $$,$8',628 $$,$&6,66 $$,$&!,2# $$,$&!,'$ $$,$&!,!#%
$%$2,8$,#&' $#2,!$$,'% $#&2,!82,$6! $#22,6$$,628 $#'2,6&6,6#' $#%2,#'%,%2 $##2,%#&,!$6
Month 4$ Month 4# Month 48 Month 42 Month 50 Month 51 Month 5"
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$138,883 $138,883 $138,883 $143,042 $143,042 $143,042 $143,042
$"18,#2$ $"18,#2$ $""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0
$0 $0 $$,5$4 $0 $0 $0 $0
15 15 15 15 1$ 1$ 1$
Month 53 Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&% $#&,'28,$&%
$143,042 $143,042 $143,042 $143,042 $143,042 $143,042 $143,042
$1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5# $1#,431,$5#
$1$,543,81# $1$,543,81# $1$,543,81# $1$,543,81# $1$,543,81# $1$,543,81# $1$,543,81#
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$#,"08,232 $#,"08,5#4 $#,"08,"02 $#,"0#,845 $#,"0#,480 $#,"0#,11$ $#,"0$,#51
$%&,'2!,%62 $%&,'2!,$! $%&,'26,!'' $%&,'26,'68 $%&,'26,% $%&,'2#,6'$ $%&,'2#,2!%
$&,&,%#2 $&,&,8&! $&,2,&8& $&,2,#%6 $&,2,$& $&,',2!# $&,',6%
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$0 $0 $0 $0 $0 $0 $0
$8',''' $8',''' $8',''' $8',''' $8',''' $8',''' $8','''
6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7 6$8','''7
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$$,$&8,&&$ $$,$&8,%8' $$,$&8,8%8 $$,$&$,2&2 $$,$&$,#!! $$,$&$,$%2 $$,$2,'6
$#62,'6$,$&# $#!2,288,'$8 $#82,2!,2%6 $#$2,&26,%#$ $62,%6,'6 $6&&,$6#,$!! $62&,886,28'
Month 53 Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$143,042 $143,042 $143,042 $143,042 $143,042 $143,042 $143,042
$""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0 $""5,3$0
$0 $0 $0 $0 $0 $0 $0
1# 1# 1# 1# 18 18 18
Month $0
$51,3"8,214
$#&,'28,$&%
$143,042
$1#,431,$5#
$1$,543,81#
$0
$0
$#,"0$,38#
$%&,'2%,$&
$&,%,%
$0
$0
$0
$0
$
$0
$0
$83,333
$0
$8','''
6$8','''7
$0
$0
$0
$
$0
$0
$0
$
$
$$,$2,6!&
$6'&,86,$#%
Month $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$143,042 $143,042
$""5,3$0
$0
12
Month 1 Month " Month 3 Month 4
"ssets
C)rrent "ssets
+ash $10#,"2$,531 $10$,1"",#12 $104,21",452 $103,#08,12$
Inventor/ $44,418 $53,508 $2",451 $14",$54
Other +urrent Assets $0 $0 $0 $0
Total C)rrent "ssets $&!,'%,$%$ $&6,&!6,228 $&#,%,$& $&',8#,8#
*ong-Term "ssets
Pro)ert/ $0 $0 $0 $0
01ui)ment $10$,#$# $120,101 $"#3,434 $35$,#$#
Other Long-.erm Assets $0 $0 $0 $0
A&&umu(ated 'e)re&iation :$1,11"; :$3,02"; :$5,241; :$2,$5#;
Total *ong-Term "ssets $&#,6## $&8!,8 $26!,%$' $'%!,&&
Total "ssets $&!,%%6,6% $&6,'6',2'6 $&#,2!2,%' $&%,&$!,$6
*iabilities
C)rrent *iabilities
+urrent 'e,t $0 $0 $0 $0
Total C)rrent *iabilities $ $ $ $
*ong-Term *iabilities
Long-.erm 'e,t $0 $0 $0 $0
Long-.erm 'e,t " $0 $0 $0 $0
Long-.erm 'e,t 3 $0 $0 $0 $0
=ew Long-.erm 'e,t $0 $0 $0 $0
Total *ong-Term *iabilities $ $ $ $
Total *iabilities $ $ $ $
Sharehol8ers; E<)it2
Pai8-in Capital
Owner $"82,000 $"82,000 $"82,000 $"82,000
Investor $110,000,000 $110,000,000 $110,000,000 $110,000,000
Investor B $0 $0 $0 $0
=ew Paid-in +a)ita( $0 $0 $0 $0
Total Pai8-in Capital $&&,28$, $&&,28$, $&&,28$, $&&,28$,
(etaine8 Earnings
Previous %etained 0arnings :$"8$,0#$; :$",84",32$; :$3,2"5,#$4; :$5,01$,52#;
+urrent 0arnings :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443;
Total (etaine8 Earnings 6$2,8%2,'$67 6$',$2#,!6%7 6$#,&6,#$!7 6$6,$&,%7
Total Sharehol8ers; E<)it2 $&!,%%6,6% $&6,'6',2'6 $&#,2!2,%' $&%,&$!,$6
Total *iabilities 5 E<)it2 $&!,%%6,6% $&6,'6',2'6 $&#,2!2,%' $&%,&$!,$6
+he& $0 $0 $0 $0
Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11
$10",424,#2" $101,553,322 $101,3"2,#10 $22,#30,3$4 $22,152,#01 $22,2#0,5#1 $10","5",1#$
$18",$08 $"14,$04 $"52,13# $30#,814 $33",0"3 $343,553 $38#,4$0
$0 $0 $0 $0 $0 $0 $0
$&2,6!!,% $&&,!68,2 $&&,#88,8%! $&,'8,&!8 $$$,%$&,!2% $&,'&%,&2% $&2,6'$,6'6
$0 $0 $0 $0 $0 $0 $0
$440,101 $5"3,434 $$0$,#$# $$20,101 $##3,434 $85$,#$# $240,101
$0 $0 $0 $0 $0 $0 $0
:$14,"41; :$12,$24; :$"$,014; :$33,"03; :$41,"52; :$50,184; :$52,2##;
$%2#,8#$ $#',!% $#8,!#' $6#6,8$8 $!'2,&!# $86,#8' $88,&2%
$&',&',2#$ $&2,2!&,!%' $&2,&6$,6 $&,6$#,!6 $&,22',8$$ $&&,&2,!8 $&',#&$,!6
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
:$$,021,040; :$#,185,#41; :$8,01#,"5#; :$8,112,400; :$2,523,2"4; :$10,0$5,101; :$2,1$8,"2";
:$1,024,#01; :$831,51#; :$10",143; :$1,4#4,5"4; :$4#1,1##; $82$,802 $",322,053
6$!,&8#,!%&7 6$8,&!,2#!7 6$8,&&$,%7 6$$,#$',$2%7 6$&,6#,&&7 6$$,&68,2$27 6$6,!6$,2%7
$&',&',2#$ $&2,2!&,!%' $&2,&6$,6 $&,6$#,!6 $&,22',8$$ $&&,&2,!8 $&',#&$,!6
$&',&',2#$ $&2,2!&,!%' $&2,&6$,6 $&,6$#,!6 $&,22',8$$ $&&,&2,!8 $&',#&$,!6
$0 $0 $0 $0 $0 $0 $0
Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1# Month 18
$101,484,415 $115,#42,#3$ $130,015,4"" $144,"81,4#" $158,54#,88# $1#",814,$$$ $18#,081,810
$38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0
$0 $0 $0 $0 $0 $0 $0
$&&,8!&,8!# $&&6,&'!,&$6 $&',%2,882 $&%%,668,$'2 $&#8,$'#,'%! $&!',22,&26 $&8!,%6$,2!
$0 $0 $0 $0 $0 $0 $0
$1,0"3,434 $1,10$,#$# $1,120,101 $1,"#3,434 $1,35$,#$# $1,440,101 $1,5"3,434
$0 $0 $0 $0 $0 $0 $0
:$#0,$38; :$8",1$$; :$24,5$3; :$10#,8"8; :$1"1,2$1; :$13$,2$"; :$15",831;
$$#2,!$6 $&,2%,6& $&,$#,#'! $&,&6#,66 $&,2'%,86 $&,'',&'8 $&,'!,6'
$&2,82%,6!2 $&&!,&6&,!$! $&'&,%$8,%&$ $&%#,8'%,#'8 $&6,&!,&#' $&!%,##,26% $&88,8'$,8!2
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
:$$,#$2,"40; :$#,4$4,3"8; $$,8#",#2# $"1,"02,412 $35,545,538 $42,881,153 $$4,"1$,"$4
:$$25,082; $14,33#,1"5 $14,33$,$"" $14,33$,112 $14,335,$15 $14,335,11" $14,334,$08
6$!,%6%,'287 $6,8!2,!$! $2&,2$,%&$ $'#,#%#,#'8 $%$,88&,&#' $6%,2&6,26% $!8,##,8!2
$&2,82%,6!2 $&&!,&6&,!$! $&'&,%$8,%&$ $&%#,8'%,#'8 $&6,&!,&#' $&!%,##,26% $&88,8'$,8!2
$&2,82%,6!2 $&&!,&6&,!$! $&'&,%$8,%&$ $&%#,8'%,#'8 $&6,&!,&#' $&!%,##,26% $&88,8'$,8!2
$0 $0 $0 $0 $0 $0 $0
Month 12 Month "0 Month "1 Month "" Month "3 Month "4 Month "5
$"01,342,318 $"15,$1#,121 $""2,885,4"2 $"44,154,031 $"58,4"",228 $"#",$8$,14" $"8",#05,028
$38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0 $38#,4$0 $323,$4# $323,$4#
$0 $0 $0 $0 $0 $0 $0
$2&,!'6,!!8 $2&6,%,6#& $2',2!2,88$ $2%%,#%&,%$& $2#8,8&,%#8 $2!',!$,!8$ $28',$8,!%#
$0 $0 $0 $0 $0 $0 $0
$1,$0$,#$# $1,$20,101 $1,##3,434 $1,85$,#$# $1,240,101 $",0"3,434 $",10$,#$#
$0 $0 $0 $0 $0 $0 $0
:$1$2,5$2; :$18#,1#4; :$"05,$4#; :$""4,288; :$"45,128; :$"$$,"#5; :$"88,""1;
$&,%'!,&$$ $&,#2,$2! $&,#6!,!8! $&,6'&,!!$ $&,6$%,$' $&,!#!,&#$ $&,8&8,#%!
$2',&!',$!! $2&!,#!,#!8 $2'&,8%,6!6 $2%6,&!',2! $26,##,'6& $2!%,8'6,$%8 $28%,$&!,2$&
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$#8,550,8#" $2",884,2## $10#,"18,5#8 $1"1,551,$#$ $135,884,"#0 $150,"1$,3$1 $1$4,54#,248
$14,334,105 $14,333,$01 $14,333,028 $14,33",524 $14,33",021 $14,331,58# $10,080,343
$$2,88%,$!! $&!,2&8,#!8 $&2&,##&,6!6 $&'#,88%,2! $&#,2&6,'6& $&6%,#%!,$%8 $&!%,628,2$&
$2',&!',$!! $2&!,#!,#!8 $2'&,8%,6!6 $2%6,&!',2! $26,##,'6& $2!%,8'6,$%8 $28%,$&!,2$&
$2',&!',$!! $2&!,#!,#!8 $2'&,8%,6!6 $2%6,&!',2! $26,##,'6& $2!%,8'6,$%8 $28%,$&!,2$&
$0 $0 $0 $0 $0 $0 $0
Month "$ Month "# Month "8 Month "2 Month 30 Month 31 Month 3"
$"2",#"4,418 $30",#44,10" $31",#$4,15" $3"",#84,5$5 $33",805,344 $34",8"$,48# $35",84#,224
$323,$4# $323,$4# $323,$4# $323,$4# $323,$4# $323,$4# $323,$4#
$0 $0 $0 $0 $0 $0 $0
$2$',&&8,6# $'',&'!,!%$ $'&',&#!,!$8 $'2',&!8,2&2 $''',&$8,$$ $'%',22,&'' $'#',2%&,6%&
$0 $0 $0 $0 $0 $0 $0
$",120,101 $","#3,434 $",35$,#$# $",440,101 $",5"3,434 $",$0$,#$# $",$20,101
$0 $0 $0 $0 $0 $0 $0
:$311,034; :$334,#1$; :$352,"$5; :$384,$83; :$410,2$2; :$438,1"3; :$4$$,145;
$&,8!$,66 $&,$'8,!&8 $&,$$!,#2 $2,##,%&! $2,&&2,%6# $2,&68,6%# $2,22',$#6
$2$%,$$!,&'& $'#,!6,%6! $'&#,&##,' $'2#,2'',6' $''#,'&&,%#6 $'%#,'88,!!8 $'##,%6#,#$!
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$1#4,$"8,"21 $184,#08,131 $124,#8#,4$# $"04,8$$,300 $"14,244,$30 $""5,0"",45$ $"35,022,##8
$10,0#2,840 $10,0#2,33$ $10,0#8,833 $10,0#8,3"2 $10,0##,8"$ $10,0##,3"" $10,0#$,812
$&8%,!8,&'& $&$%,!8!,%6! $2%,866,' $2&%,$%%,6' $22#,22,%#6 $2'#,$$,!!8 $2%#,&!6,#$!
$2$%,$$!,&'& $'#,!6,%6! $'&#,&##,' $'2#,2'',6' $''#,'&&,%#6 $'%#,'88,!!8 $'##,%6#,#$!
$2$%,$$!,&'& $'#,!6,%6! $'&#,&##,' $'2#,2'',6' $''#,'&&,%#6 $'%#,'88,!!8 $'##,%6#,#$!
$0 $0 $0 $0 $0 $0 $0
Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38 Month 32
$3$",8$2,8$$ $3#",82",103 $38",214,#04 $32",231,"2# $40",21#,4#8 $41",204,0"4 $4"",820,234
$323,$4# $323,$4# $323,$4# $400,0"0 $400,0"0 $400,0"0 $400,0"0
$0 $0 $0 $0 $0 $0 $0
$'6',26',#&' $'!',28#,!# $'8','8,'#& $'$',''&,'&! $%','&!,%$8 $%&','%,%' $%2',2$,$#'
$0 $0 $0 $0 $0 $0 $0
$",##3,434 $",85$,#$# $",240,101 $3,0"3,434 $3,10$,#$# $3,120,101 $3,"#3,434
$0 $0 $0 $0 $0 $0 $0
:$425,035; :$5"4,#23; :$555,412; :$58$,213; :$$12,"#5; :$$5",505; :$$8$,$03;
$2,2!8,'$$ $2,''&,$!# $2,'8%,682 $2,%'6,#2& $2,%8!,%$2 $2,#'!,#$6 $2,#86,8'&
$'6#,#%&,$&2 $'!#,6&!,!2% $'8#,6$','' $'$#,!6!,8'8 $%#,8%,$$ $%&#,8%&,6'$ $%2#,8!!,!8%
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$"45,1#$,52# $"55,"5",21" $"$5,3"8,#"4 $"#5,404,033 $"85,4#8,838 $"25,515,220 $305,55",$32
$10,0#$,315 $10,0#5,81" $10,0#5,302 $10,0#4,805 $10,03#,15" $10,03$,$42 $10,03$,145
$2##,2#2,$&2 $26#,'28,!2% $2!#,%%,'' $28#,%!8,8'8 $2$#,#&#,$$ $'#,##2,6'$ $'&#,#88,!8%
$'6#,#%&,$&2 $'!#,6&!,!2% $'8#,6$','' $'$#,!6!,8'8 $%#,8%,$$ $%&#,8%&,6'$ $%2#,8!!,!8%
$'6#,#%&,$&2 $'!#,6&!,!2% $'8#,6$','' $'$#,!6!,8'8 $%#,8%,$$ $%&#,8%&,6'$ $%2#,8!!,!8%
$0 $0 $0 $0 $0 $0 $0
Month 40 Month 41 Month 4" Month 43 Month 44 Month 45 Month 4$
$43",8#8,"08 $44",8$5,848 $45",853,85" $4$",84",""0 $4#",830,253 $48",8"0,051 $42",802,513
$400,0"0 $400,0"0 $400,0"0 $400,0"0 $400,0"0 $400,0"0 $400,0"0
$0 $0 $0 $0 $0 $0 $0
$%'',2!8,228 $%%',26#,86! $%#',2#',8!& $%6',2%2,2% $%!',2',$!' $%8',22,!& $%$',2$,#''
$0 $0 $0 $0 $0 $0 $0
$3,35$,#$# $3,440,101 $3,5"3,434 $3,$0$,#$# $3,$20,101 $3,##3,434 $3,85$,#$#
$0 $0 $0 $0 $0 $0 $0
:$#"1,5#0; :$#5#,404; :$#24,10#; :$831,$##; :$8#0,11$; :$202,4""; :$242,52#;
$2,6'#,&$8 $2,682,6$! $2,!2$,'2! $2,!!#,$ $2,8&$,$8# $2,86%,&2 $2,$!,&!
$%'#,$&',%26 $%%#,$%8,#6% $%##,$8',&$$ $%66,&!,'' $%!6,#,$#8 $%86,8%,82 $%$6,&&6,!'
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$315,588,#84 $3"5,$"4,4"$ $335,$52,5$4 $345,$24,122 $355,#"8,330 $3$5,#$1,258 $3#5,#25,08"
$10,035,$4" $10,035,138 $10,034,$35 $10,034,131 $10,033,$"8 $10,033,1"4 $10,03",$"1
$'2#,62%,%26 $''#,6#$,#6% $'%#,6$%,&$$ $'##,!28,'' $'6#,!6&,$#8 $'!#,!$#,82 $'8#,82!,!'
$%'#,$&',%26 $%%#,$%8,#6% $%##,$8',&$$ $%66,&!,'' $%!6,#,$#8 $%86,8%,82 $%$6,&&6,!'
$%'#,$&',%26 $%%#,$%8,#6% $%##,$8',&$$ $%66,&!,'' $%!6,#,$#8 $%86,8%,82 $%$6,&&6,!'
$0 $0 $0 $0 $0 $0 $0
Month 4# Month 48 Month 42 Month 50 Month 51 Month 5" Month 53
$50",#22,340 $51",#8",2$# $5"",$22,$"8 $53",$1$,$53 $54",534,04" $55",451,#2$ $5$",3$2,215
$400,0"0 $40$,584 $40$,584 $40$,584 $40$,584 $40$,584 $40$,584
$0 $0 $0 $0 $0 $0 $0
$#',&$$,'6 $#&',&8$,##& $#2',&6,2&& $#'',2',2'6 $#%2,$%,626 $##2,8#8,'8 $#62,!!6,%$$
$0 $0 $0 $0 $0 $0 $0
$3,240,101 $4,0"3,434 $4,10$,#$# $4,120,101 $4,"#3,434 $4,35$,#$# $4,440,101
$0 $0 $0 $0 $0 $0 $0
:$220,$40; :$1,03",550; :$1,0#5,3"2; :$1,118,2#$; :$1,1$3,421; :$1,"08,8#4; :$1,"55,1"5;
$2,$%$,%6& $2,$$,88% $','&,%'8 $',!&,&2# $',&$,$%' $',&%!,8$' $',&8%,$!6
$#6,&%8,82& $#&6,&8,%'# $#26,&'!,6%$ $#'6,$%,'6& $#%6,#,#6$ $##6,6,2!' $#6#,$6&,%!%
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$385,8"#,#03 $325,852,8"1 $405,821,435 $415,848,$42 $4"5,805,3$1 $435,#$1,5$2 $445,#1#,"#3
$10,03",11# $10,031,$14 $2,25#,"15 $2,25$,#11 $2,25$,"08 $2,255,#04 $2,255,"01
$'$#,8#$,82& $%#,8$&,%'# $%&#,8%8,6%$ $%2#,8#,'6& $%'#,!6&,#6$ $%%#,!&!,2!' $%##,6!2,%!%
$#6,&%8,82& $#&6,&8,%'# $#26,&'!,6%$ $#'6,$%,'6& $#%6,#,#6$ $##6,6,2!' $#6#,$6&,%!%
$#6,&%8,82& $#&6,&8,%'# $#26,&'!,6%$ $#'6,$%,'6& $#%6,#,#6$ $##6,6,2!' $#6#,$6&,%!%
$0 $0 $0 $0 $0 $0 $0
Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52 Month $0
$5#","88,328 $58","0#,"4$ $52",1"$,452 $$0",04$,03$ $$11,2$5,2## $$"1,88$,"83 $$31,80$,254
$40$,584 $40$,584 $40$,584 $40$,584 $40$,584 $40$,584 $40$,584
$0 $0 $0 $0 $0 $0 $0
$#!2,6$%,$82 $#82,6&',8' $#$2,#'',%2 $62,%#2,6&$ $6&2,'!2,#6& $622,2$2,86! $6'2,2&',#'8
$0 $0 $0 $0 $0 $0 $0
$4,5"3,434 $4,$0$,#$# $4,$20,101 $4,##3,434 $4,85$,#$# $4,240,101 $5,0"3,434
$0 $0 $0 $0 $0 $0 $0
:$1,30","44; :$1,350,"31; :$1,322,08#; :$1,448,810; :$1,422,401; :$1,550,8$0; :$1,$03,188;
$',22&,&$ $',2#6,#'6 $',2$&,&% $','2%,62% $','#!,'66 $','8$,2% $',%2,2%6
$#!#,$&6,&!2 $#8#,8!,'66 $#$#,82%,#6 $6#,!!!,2%' $6&#,!2$,$2! $62#,682,&! $6'#,6'',!8%
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$ $ $ $ $ $ $
$ $ $ $ $ $ $
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$, $&&,28$,
$455,$#",4#4 $4$5,$"#,1#" $4#5,581,3$$ $485,535,05$ $425,488,"43 $505,440,2"# $515,323,10#
$2,254,$2# $2,254,124 $2,253,$21 $2,253,18# $2,25",$84 $2,25",180 $2,251,$##
$%6#,62!,&!2 $%!#,#8&,'66 $%8#,#'#,#6 $%$#,%88,2%' $##,%%,$2! $#&#,'$',&! $#2#,'%%,!8%
$#!#,$&6,&!2 $#8#,8!,'66 $#$#,82%,#6 $6#,!!!,2%' $6&#,!2$,$2! $62#,682,&! $6'#,6'',!8%
$#!#,$&6,&!2 $#8#,8!,'66 $#$#,82%,#6 $6#,!!!,2%' $6&#,!2$,$2! $62#,682,&! $6'#,6'',!8%
$0 $0 $0 $0 $0 $0 $0
1 " 3 4
Month 1 Month " Month 3 Month 4
Operating 4rea=-Even
*ross %evenue $4$5,2$0 $1,241,500 $1,241,500 $1,221,318
A&&umu(ated %evenue $4$5,2$0 $",40#,4$0 $4,348,2$0 $$,340,"#8
O)erating 07)enses ! +O* ! Pre-O) $3,30#,"44 $3,0"",888 $3,0"2,485 $3,0$",045
A&&umu(ated 07)enses $3,30#,"44 $$,330,13" $2,352,$1$ $1",4"1,$$1
'i<<eren&e :$",841,"84; :$3,2"",$#"; :$5,010,$5$; :$$,081,383;
Brea-0ven
Investment Cash 9lo1 4rea=-Even
+ash In 07&(uding Investment $4$5,2$0 $1,241,500 $1,241,500 $1,221,318
A&&umu(ated +ash %e&eived $4$5,2$0 $",40#,4$0 $4,348,2$0 $$,340,"#8
A(( +osts $3,458,4"2 $3,115,311 $3,151,#$0 $3,125,581
A&&umu(ated +ash ?sed $3,458,4"2 $$,5#3,#41 $2,#"5,501 $1",2"1,08"
'i<<eren&e :$",22",4$2; :$4,1$$,"81; :$5,3#$,541; :$$,580,804;
5 $ # 8 2 10 11
Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11
$","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0"
$8,544,458 $11,""3,133 $15,0"$,805 $1#,#18,134 $"1,$#5,4#8 $"#,323,24$ $34,#"$,$48
$3,"24,"2$ $3,504,#40 $3,822,424 $4,158,$$5 $4,4"0,4$5 $4,81",#35 $4,2"3,85#
$15,#15,25# $12,""0,$2# $"3,1"0,120 $"#,"#8,855 $31,$22,3"0 $3$,51",055 $41,435,21"
:$#,1#1,422; :$#,22#,5$4; :$8,023,38$; :$2,5$0,#"1; :$10,0"3,84"; :$2,118,108; :$$,#02,"$3;
$","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0"
$8,544,458 $11,""3,133 $15,0"$,805 $1#,#18,134 $"1,$#5,4#8 $"#,323,24$ $34,#"$,$48
$3,41#,583 $3,$"0,0$2 $4,0"#,3$0 $4,"20,$#5 $4,5"8,00# $4,20#,528 $5,051,02$
$1$,338,$$5 $12,258,#35 $"3,28$,025 $"8,"#$,##0 $3",804,### $3#,#1",3#$ $4",#$3,4#"
:$#,#24,"08; :$8,#35,$01; :$8,252,"20; :$10,558,$3$; :$11,1"2,"22; :$10,318,4"2; :$8,03$,8"4;
1" 13 14 15 1$ 1# 18
Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1# Month 18
$#,33",#0" $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$4",052,350 $23,388,"$4 $144,#1#,1#8 $12$,04$,02" $"4#,3#5,00$ $"28,#03,2"0 $350,03",834
$8,01#,130 $"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03
$42,453,041 $#$,051,"45 $10",$42,448 $1"2,"4#,$51 $155,845,855 $18",444,058 $"02,04","$1
:$#,323,$21; $1#,33#,0"0 $4",0$#,#30 $$$,#28,441 $21,5"2,15" $11$,"52,8$3 $140,220,5#3
13 14 15 1$ 1# 18
$#,33",#0" $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$4",052,350 $23,388,"$4 $144,#1#,1#8 $12$,04$,02" $"4#,3#5,00$ $"28,#03,2"0 $350,03",834
$8,100,4$3 $3#,0$3,523 $3#,0$3,""8 $3#,0$",8$4 $3#,0$",422 $3#,0$",135 $3#,0$1,##0
$50,8$3,235 $8#,2"#,5"8 $1"4,220,#5# $1$",053,$"0 $122,11$,1"0 $"3$,1#8,"54 $"#3,"40,0"5
:$8,804,585; $5,4$0,#3$ $12,#"$,4"" $33,22",4#" $48,"58,88# $$",5"5,$$$ $#$,#2",810
13 14 15 1$ 1# 18
12 "0 "1 "" "3 "4 "5
Month 12 Month "0 Month "1 Month "" Month "3 Month "4 Month "5
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$401,3$1,#48 $45",$20,$$" $504,012,5#$ $555,348,420 $$0$,$##,404 $$58,00$,318 $#02,335,"3"
$"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03 $"$,528,"03 $33,2"#,0$$
$"35,$40,4$5 $"$","38,$$8 $"88,83$,8#1 $315,435,0#5 $34",033,"#8 $3$8,$31,481 $40",558,548
$1$5,#"1,"84 $120,451,225 $"15,18",#05 $"32,213,41$ $"$4,$44,1"# $"82,3#4,83# $30$,##$,$85
12 "0 "1 "" "3 "4 "5
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$401,3$1,#48 $45",$20,$$" $504,012,5#$ $555,348,420 $$0$,$##,404 $$58,00$,318 $#02,335,"3"
$3#,0$1,40$ $3#,0$1,041 $3#,0$0,$#$ $3#,0$0,31" $3#,052,24# $3#,0$5,##0 $41,302,252
$310,301,430 $34#,3$",4#1 $384,4"3,14# $4"1,483,452 $458,543,40$ $425,$02,1#$ $53$,212,135
$21,0$0,318 $105,3"8,121 $112,52$,4"2 $133,8$5,031 $148,133,228 $1$",32#,14" $1#",41$,028
12 "0 "1 "" "3 "4 "5
"$ "# "8 "2 30 31 3"
Month "$ Month "# Month "8 Month "2 Month 30 Month 31 Month 3"
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#$0,$$4,14$ $811,223,0$0 $8$3,3"1,2#4 $214,$50,888 $2$5,2#2,80" $1,01#,308,#1$ $1,0$8,$3#,$30
$33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$
$43$,485,$14 $4#0,41",$80 $504,332,#4# $538,"$$,813 $5#",123,8#2 $$0$,1"0,24$ $$40,048,01"
$3"4,1#8,533 $341,580,380 $358,28",""8 $3#$,384,0#$ $323,#85,2"3 $411,18#,##1 $4"8,582,$12
"$ "# "8 "2 30 31 3"
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$#$0,$$4,14$ $811,223,0$0 $8$3,3"1,2#4 $214,$50,888 $2$5,2#2,80" $1,01#,308,#1$ $1,0$8,$3#,$30
$41,302,524 $41,302,""2 $41,308,8$5 $41,308,500 $41,308,13$ $41,30#,##1 $41,30#,40$
$5#8,""8,#"2 $$12,53#,258 $$$0,84$,8"3 $#0",155,3"3 $#43,4$3,452 $#84,##1,"30 $8"$,0#8,$3$
$18",435,418 $12",455,10" $"0",4#5,15" $"1",425,5$5 $""",51$,344 $"3",53#,48# $"4",558,224
"$ "# "8 "2 30 31 3"
33 34 35 3$ 3# 38 32
Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38 Month 32
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,112,2$$,544 $1,1#1,"25,458 $1,""",$"4,3#" $1,"#3,253,"8$ $1,3"5,"8","00 $1,3#$,$11,114 $1,4"#,240,0"8
$33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,2"#,0$$ $33,221,11# $33,221,11# $33,221,11#
$$#3,2#5,0#8 $#0#,20",145 $#41,8"2,"11 $##5,#5$,"## $802,#4#,324 $843,#38,511 $8##,#"2,$"2
$445,221,4$$ $4$3,323,314 $480,#25,1$" $428,12#,002 $515,534,80$ $53",8#",$03 $550,"10,400
33 34 35 3$ 3# 38 32
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,112,2$$,544 $1,1#1,"25,458 $1,""",$"4,3#" $1,"#3,253,"8$ $1,3"5,"8","00 $1,3#$,$11,114 $1,4"#,240,0"8
$41,30#,04" $41,30$,$## $41,30$,313 $41,31",3"1 $41,34",#33 $41,34",3$8 $41,34",004
$8$#,385,$#8 $208,$2",35$ $242,228,$$8 $221,310,282 $1,03",$53,#"" $1,0#3,22$,021 $1,115,338,025
$"5",580,8$$ $"$",$03,103 $"#",$"5,#04 $"8",$4","2# $"2",$"8,4#8 $30",$15,0"4 $31",$01,234
33 34 35 3$ 3# 38 32
40 41 4" 43 44 45 4$
Month 40 Month 41 Month 4" Month 43 Month 44 Month 45 Month 4$
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,4#2,"$8,24" $1,530,52#,85$ $1,581,2"$,##0 $1,$33,"55,$84 $1,$84,584,528 $1,#35,213,51" $1,#8#,"4",4"$
$33,221,11# $33,221,11# $33,221,11# $33,221,11# $33,221,11# $33,221,11# $33,221,11#
$211,#"0,#4$ $245,#11,8$3 $2#2,#0",280 $1,013,$24,02# $1,04#,$85,"14 $1,081,$#$,331 $1,115,$$#,448
$5$#,548,12# $584,885,224 $$0",""3,#21 $$12,5$1,58# $$3$,822,384 $$54,"3#,181 $$#1,5#4,2#8
40 41 4" 43 44 45 4$
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,4#2,"$8,24" $1,530,52#,85$ $1,581,2"$,##0 $1,$33,"55,$84 $1,$84,584,528 $1,#35,213,51" $1,#8#,"4",4"$
$41,341,$32 $41,341,"#5 $41,340,210 $41,340,54$ $41,340,181 $41,332,81$ $41,332,45"
$1,15$,$#2,#34 $1,128,0"1,002 $1,"32,3$1,212 $1,"80,#0",4$4 $1,3"",04",$45 $1,3$3,38",4$" $1,404,#"1,213
$3"",582,"08 $33",5#$,848 $34",5$4,85" $35",553,""0 $3$",541,253 $3#",531,051 $38",5"0,513
40 41 4" 43 44 45 4$
4# 48 42 50 51 5" 53
Month 4# Month 48 Month 42 Month 50 Month 51 Month 5" Month 53
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,838,5#1,340 $1,882,200,"54 $1,241,""2,1$8 $1,22",558,08" $",043,88$,22$ $",025,"15,210 $",14$,544,8"4
$33,221,11# $33,221,11# $34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3
$1,142,$58,5$5 $1,183,$42,$8" $1,"1#,#$8,"0$ $1,"51,88$,#"2 $1,"8$,005,"53 $1,3"0,1"3,##$ $1,354,"4","22
$$88,21",##5 $#0$,"50,5#" $#"3,4$0,2$3 $#40,$#1,353 $#5#,881,#44 $##5,02",135 $#2",30",5"5
4# 48 42 50 51 5" 53
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$1,838,5#1,340 $1,882,200,"54 $1,241,""2,1$8 $1,22",558,08" $",043,88$,22$ $",025,"15,210 $",14$,544,8"4
$41,332,08# $41,345,"8$ $41,41","54 $41,411,882 $41,411,5"4 $41,411,1$0 $41,410,#25
$1,44$,0$1,001 $1,48#,40$,"8# $1,5"8,818,541 $1,5#0,"30,430 $1,$11,$41,254 $1,$53,053,114 $1,$24,4$3,202
$32",510,340 $40",423,2$# $41",410,$"8 $4"",3"#,$53 $43","45,04" $44",1$",#2$ $45",080,215
4# 48 42 50 51 5" 53
54 55 5$ 5# 58 52 $0
Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52 Month $0
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$",12#,8#3,#38 $","42,"0",$5" $",300,531,5$$ $",351,8$0,480 $",403,182,324 $",454,518,308 $",505,84#,"""
$34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3 $34,118,5"3
$1,388,3$0,8"3 $1,4"",4#2,34$ $1,45$,52#,8$2 $1,420,#1$,323 $1,5"4,834,21$ $1,558,253,432 $1,523,0#1,2$3
$802,51",21$ $8"$,#"3,30# $843,233,$2# $8$1,144,088 $8#8,354,4#8 $825,5$4,8$2 $21",##5,"$0
54 55 5$ 5# 58 52 $0
$51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214 $51,3"8,214
$",12#,8#3,#38 $","42,"0",$5" $",300,531,5$$ $",351,8$0,480 $",403,182,324 $",454,518,308 $",505,84#,"""
$41,410,431 $41,410,0$$ $41,402,#0" $41,402,33# $41,408,2#" $41,408,$08 $41,408,"43
$1,#35,8#4,340 $1,###,"84,40$ $1,818,$24,108 $1,8$0,103,445 $1,201,51",41# $1,24",2"1,0"5 $1,284,3"2,"$8
$4$1,222,328 $4#1,218,"4$ $481,83#,452 $421,#5#,03$ $501,$#$,2## $511,52#,"83 $5"1,51#,254
54 55 5$ 5# 58 52 $0
Month 1 Month " Month 3 Month 4
>orst Case
&?
*ross %evenue $412,3$4 $1,#4#,350 $1,#4#,350 $1,#2",18$
.ota( +ost o< %evenue $"4,"21 $"5,3#$ $30,5$2 $5",81$
*ross Pro<it $325,0#3 $1,#"1,2#5 $1,#1$,#8" $1,#32,3#1
*ross Margin Per&entage 244"9 28459 28439 2#419
.ota( O)erating 07)enses $",224,1#8 $",224,$23 $",225,5"0 $3,003,3$1
O)erating Pro<it :$",522,105; :$1,"#",#18; :$1,"#8,#38; :$1,"$3,220;
O)erating Pro<it Per&entage -$12489 -#"489 -#34"9 -#0459
0arning Be<ore Interest ! .a7es :$",$00,"1#; :$1,"#4,$28; :$1,"81,58#; :$1,"$#,#0$;
0BI. Per&entage -$"0409 -#3409 -#3439 -#04#9
Interest 07)enses $0 $0 $0 $0
.a7es A&&rued $0 $0 $0 $0
0arnings :$",$00,"1#; :$1,"#4,$28; :$1,"81,58#; :$1,"$#,#0$;
0arnings Per&entage -$"0409 -#3409 -#3439 -#04#9
=et +ash 5(ow :$",$84,33$; :$1,3$5,14"; :$1,401,014; :$1,32#,5"#;
+ash Ba(an&e $10#,"5",$34 $105,88#,42" $104,48$,4#8 $103,088,251
A&&um 0B. :$",88$,"23; :$4,1$0,221; :$5,44",5#8; :$$,#10,"84;
4est Case
&?
*ross %evenue $51",55$ $",135,$50 $",135,$50 $",120,450
.ota( +ost o< %evenue $"2,$82 $31,015 $3#,3$" $$4,55"
*ross Pro<it $48",8$# $",104,$3$ $",028,"82 $",1"5,828
*ross Margin Per&entage 244"9 28459 28439 2#419
.ota( O)erating 07)enses $",224,1#8 $",224,$23 $",225,5"0 $3,003,3$1
O)erating Pro<it :$",511,311; :$820,05#; :$82#,"31; :$8##,4$3;
O)erating Pro<it Per&entage -420409 -414#9 -4"409 -40419
0arning Be<ore Interest ! .a7es :$",51",4"3; :$82",03#; :$200,080; :$881,180;
0BI. Per&entage -4204"9 -41489 -4"419 -404"9
Interest 07)enses $0 $0 $0 $0
.a7es A&&rued $0 $0 $0 $0
0arnings :$",51",4"3; :$82",03#; :$200,080; :$881,180;
0arnings Per&entage -4204"9 -41489 -4"419 -404"9
=et +ash 5(ow :$",52$,54"; :$28",481; :$1,012,50#; :$1,011,000;
+ash Ba(an&e $10#,340,4"8 $10$,35#,24# $105,338,440 $104,3"#,440
A&&um 0B. :$",#28,422; :$3,$20,53$; :$4,520,$1$; :$5,4#1,#2$;
+he& earnings :$43,82#; :$121,331; :$120,#54; :$123,"$3;
$43,82# $121,331 $120,#54 $123,"$3
$0 $0 $0 $0
+he& +ash 5(ow :$43,82#; :$121,331; :$120,#54; :$123,"$3;
$43,82# $121,331 $120,#54 $123,"$3
$0 $0 $0 $0
Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11
$1,283,#$" $",410,808 $3,4"3,304 $",4"",12# $3,5$1,$10 $5,14$,$"" $$,522,43"
$81,42$ $104,3"1 $1"",$00 $148,041 $1#5,842 $182,$80 $12$,"$#
$1,20","$$ $",30$,48# $3,300,#05 $","#4,15$ $3,385,#$0 $4,25$,24" $$,403,1$5
25429 254#9 2$449 23429 25419 2$439 2#409
$3,"03,#45 $3,388,8"8 $3,#$3,"#" $3,224,1#5 $4,""5,0## $4,$01,280 $4,#05,#83
:$1,301,4#2; :$1,08",341; :$4$",5$#; :$1,#"0,012; :$832,31$; $354,2$" $1,$2#,38"
-$54$9 -44429 -13459 -#1409 -"34$9 $429 "54#9
:$1,30$,0$4; :$1,08#,#23; :$4$8,888; :$1,#"#,"08; :$84#,3#3; $34$,038 $1,$8#,520
-$5489 -45419 -134#9 -#1439 -"3489 $4#9 "54$9
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
:$1,30$,0$4; :$1,08#,#23; :$4$8,888; :$1,#"#,"08; :$84#,3#3; $34$,038 $1,$8#,520
-$5489 -45419 -134#9 -#1439 -"3489 $4#9 "54$9
:$1,4"4,#$$; :$1,12#,$#0; :$520,434; :$1,85",0"2; :$24$,852; $"$0,022 $1,5#0,143
$101,$$4,185 $100,4$$,515 $22,8#$,081 $28,0"4,05" $2#,0##,123 $2#,33#,"2" $28,20#,434
:$8,01$,348; :$2,104,141; :$2,5#3,0"2; :$11,300,"3$; :$1",14#,$10; :$11,801,5#"; :$10,113,28";
$",4"4,52# $",24$,543 $4,184,032 $",2$0,4$" $4,353,0#8 $$,"20,315 $8,0$5,2#"
$22,$0$ $1"#,503 $142,844 $180,232 $"14,2"# $"31,831 $"32,881
$",3"4,221 $",812,040 $4,034,124 $",##2,5"3 $4,138,151 $$,058,485 $#,8"$,021
25429 254#9 2$449 23429 25419 2$439 2#409
$3,"03,#45 $3,388,8"8 $3,#$3,"#" $3,224,1#5 $4,""5,0## $4,$01,280 $4,#05,#83
:$8#8,#53; :$5$2,#88; $"#0,2"3 :$1,"14,$51; :$8$,2"5; $1,45$,505 $3,1"0,308
-3$4"9 -12439 $459 -41409 -"409 "34"9 384#9
:$883,338; :$5#5,"40; $"$4,$0" :$1,""1,840; :$24,28"; $1,44#,580 $3,110,515
-3$449 -12459 $439 -41439 -"4"9 "3409 384$9
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
:$883,338; :$5#5,"40; $"$4,$0" :$1,""1,840; :$24,28"; $1,44#,580 $3,110,515
-3$449 -12459 $439 -41439 -"4"9 "3409 384$9
:$1,00",040; :$$85,118; $143,05$ :$1,34$,$$1; :$124,4$8; $1,3$1,$41 $",223,0$8
$103,3"5,400 $10",$40,"8" $10",#83,338 $101,43$,$## $101,"4","02 $10",$03,850 $105,52$,212
:$$,355,133; :$$,230,3#4; :$$,$$5,##"; :$#,88#,$11; :$#,28",523; :$$,535,013; :$3,4"4,428;
:$"11,3$3; :$"5$,"#$; :$3$$,#45; :$"5",$84; :$3#$,12$; :$550,##1; :$#11,4$3;
$"11,3$3 $"5$,"#$ $3$$,#45 $"5",$84 $3#$,12$ $550,##1 $#11,4$3
$0 $0 $0 $0 $0 $0 $0
:$"11,3$3; :$"5$,"#$; :$3$$,#45; :$"5",$84; :$3#$,12$; :$550,##1; :$#11,4$3;
$"11,3$3 $"5$,"#$ $3$$,#45 $"5",$84 $3#$,12$ $550,##1 $#11,4$3
$0 $0 $0 $0 $0 $0 $0
Month 1" Month 13 Month 14 Month 15 Month 1$ Month 1# Month 18
$$,522,43" $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$""1,350 $11#,812 $11#,812 $11#,812 $11#,812 $11#,812 $11#,812
$$,3#8,08" $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03
2$4$9 224#9 224#9 224#9 224#9 224#9 224#9
$#,##1,18$ $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23
:$1,323,104; $12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210
-"1419 4"459 4"459 4"459 4"459 4"459 4"459
:$1,403,#$4; $12,522,381 $12,528,513 $12,52#,$45 $12,52$,### $12,525,202 $12,525,041
-"1439 4"449 4"449 4"449 4"449 4"449 4"449
$0 $0 $0 $0 $0 $0 $0
$0 $8,"31,#40 $8,"31,3#$ $8,"31,011 $8,"30,$4$ $8,"30,"8" $8,""2,21#
:$1,403,#$4; $11,3$#,$41 $11,3$#,138 $11,3$$,$34 $11,3$$,131 $11,3$5,$"# $11,3$5,1"4
-"1439 "44$9 "44$9 "44$9 "44$9 "44$9 "44$9
:$1,4#$,43#; $11,"25,83# $11,"2$,"01 $11,"2$,5$$ $11,"2$,231 $11,"2#,"25 $11,"2#,$$0
$2#,430,22# $108,#"$,834 $1"0,0"3,035 $131,312,$01 $14",$1$,53" $153,213,8"# $1$5,"11,48#
:$11,51#,#4$; $8,081,$35 $"#,$80,148 $4#,"##,#24 $$$,8#4,5#1 $8$,4#0,480 $10$,0$5,5""
$8,0$5,2#" $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$"#0,538 $144,001 $144,001 $144,001 $144,001 $144,001 $144,001
$#,#25,434 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804
2$4$9 224#9 224#9 224#9 224#9 224#9 224#9
$#,##1,18$ $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23
$"4,"48 $"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511
0439 5"429 5"429 5"429 5"429 5"429 5"429
$13,58# $"2,838,28" $"2,838,114 $"2,83#,"4$ $"2,83$,3#8 $"2,835,510 $"2,834,$4"
04"9 5"489 5"489 5"489 5"489 5"489 5"489
$0 $0 $0 $0 $0 $0 $0
$0 $1",53",3#3 $1",53",008 $1",531,$43 $1",531,"#2 $1",530,214 $1",530,550
$13,58# $1#,30$,$10 $1#,30$,10$ $1#,305,$03 $1#,305,022 $1#,304,52$ $1#,304,02"
04"9 304#9 304#9 304#9 304$9 304$9 304$9
:$52,085; $1#,"34,805 $1#,"35,1#0 $1#,"35,534 $1#,"35,822 $1#,"3$,"$4 $1#,"3$,$"8
$105,53#,833 $1"",##",$32 $140,00#,808 $15#,"43,343 $1#4,4#2,"4" $121,#15,505 $"08,25",133
:$3,410,210; $"$,4"8,0#" $5$,"$$,18$ $8$,103,43" $115,232,810 $145,##5,3"0 $1#5,$02,2$"
:$#08,$#$; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484;
$#08,$#$ $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484
$0 $0 $0 $0 $0 $0 $0
:$#08,$#$; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484;
$#08,$#$ $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484
$0 $0 $0 $0 $0 $0 $0
Month 12 Month "0 Month "1 Month "" Month "3 Month "4 Month "5
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$11#,812 $11#,812 $11#,812 $11#,812 $11#,812 $11#,812 $1"1,354
$4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#8,"03 $4$,0#4,$$2
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $33,#2",""2
$12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210 $12,$10,210 $1","8",440
4"459 4"459 4"459 4"459 4"459 4"459 "$4$9
$12,524,1#3 $12,523,305 $12,52",43# $12,521,5$2 $12,520,#01 $12,582,833 $1","$0,425
4"449 4"449 4"449 4"449 4"449 4"449 "$459
$0 $0 $0 $0 $0 $0 $0
$8,""2,553 $8,""2,188 $8,""8,8"4 $8,""8,452 $8,""8,024 $8,""#,#30 $5,142,408
$11,3$4,$"0 $11,3$4,11# $11,3$3,$13 $11,3$3,110 $11,3$",$0# $11,3$",103 $#,111,08#
"44$9 "44$9 "44$9 "44$9 "44$9 "44$9 15449
$11,"28,0"4 $11,"28,382 $11,"28,#53 $11,"22,118 $11,"22,483 $11,"23,$$0 $#,042,$22
$1#$,502,511 $18#,80#,200 $122,10$,$53 $"10,405,##1 $""1,#05,"54 $"3",228,214 $"40,048,$13
$1"5,$52,$25 $145,"53,000 $1$4,845,43# $184,43#,00$ $"04,0"#,#0# $""3,$1#,540 $"35,8#8,034
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$144,001 $144,001 $144,001 $144,001 $144,001 $144,001 $148,3""
$5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,31#,804 $5$,313,484
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $"$,4$#,"23 $33,#2",""2
$"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511 $"2,850,511 $"",5"1,"55
5"429 5"429 5"429 5"429 5"429 5"429 32429
$"2,833,##4 $"2,83",20$ $"2,83",038 $"2,831,1#0 $"2,830,30" $"2,8"2,434 $"",422,310
5"489 5"489 5"489 5"489 5"489 5"489 32489
$0 $0 $0 $0 $0 $0 $0
$1",530,185 $1",5"2,8"0 $1",5"2,45$ $1",5"2,021 $1",5"8,#"# $1",5"8,3$" $2,442,#10
$1#,303,582 $1#,303,085 $1#,30",58" $1#,30",0#8 $1#,301,5#5 $1#,301,0#1 $13,042,$00
304$9 304$9 304$9 304$9 304$9 304$9 "3419
$1#,"3$,223 $1#,"3#,35# $1#,"3#,#"" $1#,"38,08$ $1#,"38,451 $1#,"3",$"8 $1",288,"1"
$""$,182,1"$ $"43,4"$,483 $"$0,$$4,"05 $"##,20","21 $"25,140,#4" $31",3#3,3#1 $3"5,3$1,583
$"05,443,#3$ $"35,"#$,$4" $"$5,108,$#2 $"24,232,842 $3"4,##0,151 $354,522,584 $3##,028,824
:$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,"5$;
$",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,"5$
$0 $0 $0 $0 $0 $0 $0
:$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,484; :$",2$2,"5$;
$",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,484 $",2$2,"5$
$0 $0 $0 $0 $0 $0 $0
Month "$ Month "# Month "8 Month "2 Month 30 Month 31 Month 3"
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$1"1,354 $1"1,354 $1"1,354 $1"1,354 $1"1,354 $1"1,354 $1"1,354
$4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2
$1","8",440 $1","8",440 $1","8",440 $1","8",440 $1","8",440 $1","8",440 $1","8",440
"$4$9 "$4$9 "$4$9 "$4$9 "$4$9 "$4$9 "$4$9
$1","52,$"$ $1","58,#58 $1","5#,820 $1","5#,0"" $1","5$,154 $1","55,"8$ $1","54,418
"$459 "$459 "$459 "$459 "$459 "$459 "$459
$0 $0 $0 $0 $0 $0 $0
$5,142,043 $5,148,$#2 $5,148,314 $5,14#,242 $5,14#,585 $5,14#,""0 $5,14$,85$
$#,110,583 $#,110,080 $#,102,5#$ $#,102,0#3 $#,108,5$2 $#,108,0$$ $#,10#,5$3
15449 15449 15449 15449 15449 15449 15449
$#,050,0$4 $#,050,4"8 $#,050,#23 $#,051,15# $#,051,5"" $#,051,88$ $#,05","51
$"4#,028,$#$ $"54,142,105 $"$1,122,82# $"$8,"51,055 $"#5,30",5## $"8",354,4$3 $"82,40$,#14
$"48,13#,$$1 $"$0,32$,412 $"#",$54,310 $"84,211,33" $"2#,1$#,48$ $302,4"",##" $3"1,$##,121
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$148,3"" $148,3"" $148,3"" $148,3"" $148,3"" $148,3"" $148,3""
$5$,313,484 $5$,313,484 $5$,313,484 $5$,313,484 $5$,313,484 $5$,313,484 $5$,313,484
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2
$"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",5"1,"55
32429 32429 32429 32429 32429 32429 32429
$"",428,44" $"",42#,5#4 $"",42$,#0$ $"",425,838 $"",424,2#0 $"",424,101 $"",423,"33
32489 32489 32489 32489 32489 32489 32489
$0 $0 $0 $0 $0 $0 $0
$2,442,34$ $2,448,281 $2,448,$1$ $2,448,"5" $2,44#,88# $2,44#,5"3 $2,44#,158
$13,042,02$ $13,048,523 $13,048,082 $13,04#,58$ $13,04#,08" $13,04$,5#2 $13,04$,0#5
"3419 "3419 "3419 "3419 "3419 "3419 "3419
$1",288,5#$ $1",288,241 $1",282,30$ $1",282,$#0 $1",220,035 $1",220,322 $1",220,#$4
$338,350,152 $351,332,100 $3$4,3"8,40$ $3##,318,0#$ $320,308,111 $403,"28,510 $41$,"82,"#4
$322,52#,33$ $4"",024,210 $444,521,$15 $4$#,08#,453 $482,58",4"" $51",0#$,5"4 $534,5$2,#5#
:$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$;
$",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$
$0 $0 $0 $0 $0 $0 $0
:$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$;
$",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$
$0 $0 $0 $0 $0 $0 $0
Month 33 Month 34 Month 35 Month 3$ Month 3# Month 38 Month 32
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$1"1,354 $1"1,354 $1"1,354 $1"1,354 $1"4,225 $1"4,225 $1"4,225
$4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#4,$$2 $4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,85","34 $33,85","34 $33,85","34
$1","8",440 $1","8",440 $1","8",440 $1","8",440 $1","18,#24 $1","18,#24 $1","18,#24
"$4$9 "$4$9 "$4$9 "$4$9 "$449 "$449 "$449
$1","53,550 $1","5",$8" $1","51,814 $1","50,24$ $1",18$,43" $1",185,5$4 $1",184,$2$
"$459 "$459 "$459 "$459 "$449 "$449 "$449
$0 $0 $0 $0 $0 $0 $0
$5,14$,421 $5,14$,1"$ $5,145,#$" $5,145,32# $5,118,301 $5,11#,23# $5,11#,5#"
$#,10#,052 $#,10$,55$ $#,10$,05" $#,105,542 $#,0$8,130 $#,0$#,$"# $#,0$#,1"3
15449 15449 15449 15449 15439 15439 15439
$#,05",$1$ $#,05",280 $#,053,345 $#,04#,33# $#,01#,152 $#,01#,5"4 $#,01#,888
$"2$,452,330 $303,51",310 $310,5$5,$55 $31#,$1",221 $3"4,$30,151 $331,$4#,$#4 $338,$$5,5$3
$333,230,#41 $34$,183,4"3 $358,435,"3# $3#0,$8$,183 $38",8#",$14 $325,058,1#8 $40#,"4",8#3
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$148,3"" $148,3"" $148,3"" $148,3"" $15",##1 $15",##1 $15",##1
$5$,313,484 $5$,313,484 $5$,313,484 $5$,313,484 $5$,302,034 $5$,302,034 $5$,302,034
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,#2",""2 $33,#2",""2 $33,#2",""2 $33,#2",""2 $33,85","34 $33,85","34 $33,85","34
$"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",5"1,"55 $"",45$,800 $"",45$,800 $"",45$,800
32429 32429 32429 32429 32489 32489 32489
$"",42",3$5 $"",421,42# $"",420,$"2 $"",482,#$1 $"",4"4,438 $"",4"3,5#0 $"",4"",#0"
32489 32489 32489 32489 324#9 324#9 324#9
$0 $0 $0 $0 $0 $0 $0
$2,44$,#23 $2,44$,4"2 $2,44$,0$4 $2,445,#00 $2,418,"$4 $2,41#,822 $2,41#,535
$13,045,5#" $13,045,0$8 $13,044,5$5 $13,044,0$1 $13,00$,1#4 $13,005,$#0 $13,005,1$#
"3419 "3419 "3419 "3419 "3409 "3409 "3409
$1",221,1"2 $1",221,423 $1",221,858 $1",285,842 $1",255,"03 $1",255,5$# $1",255,23"
$4"2,"80,40" $44","#1,82$ $455,"$3,#53 $4$8,"42,$03 $481,"04,805 $424,1$0,3#3 $50#,11$,305
$55#,0$",1"3 $5#2,553,$"0 $$0",044,"42 $$"4,534,010 $$4$,258,448 $$$2,38",018 $$21,804,#"0
:$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,0""; :$",2$2,0""; :$",2$2,0"";
$",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,0"" $",2$2,0"" $",2$2,0""
$0 $0 $0 $0 $0 $0 $0
:$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,"5$; :$",2$2,0""; :$",2$2,0""; :$",2$2,0"";
$",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,"5$ $",2$2,0"" $",2$2,0"" $",2$2,0""
$0 $0 $0 $0 $0 $0 $0
Month 40 Month 41 Month 4" Month 43 Month 44 Month 45 Month 4$
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$1"4,225 $1"4,225 $1"4,225 $1"4,225 $1"4,225 $1"4,225 $1"4,225
$4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8 $4$,0#1,0"8
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34
$1","18,#24 $1","18,#24 $1","18,#24 $1","18,#24 $1","18,#24 $1","18,#24 $1","18,#24
"$449 "$449 "$449 "$449 "$449 "$449 "$449
$1",183,8"# $1",18",252 $1",18",021 $1",181,""3 $1",180,355 $1",1#2,48# $1",1#8,$12
"$449 "$449 "$449 "$449 "$449 "$449 "$449
$0 $0 $0 $0 $0 $0 $0
$5,11#,"08 $5,11$,843 $5,11$,4#8 $5,11$,114 $5,115,#42 $5,115,385 $5,115,0"0
$#,0$$,$"0 $#,0$$,11$ $#,0$5,$13 $#,0$5,110 $#,0$4,$0$ $#,0$4,103 $#,0$3,522
15439 15439 15439 15439 15439 15439 15439
$#,018,"53 $#,018,$18 $#,018,28" $#,012,34# $#,012,#11 $#,0"0,0#$ $#,0"0,440
$345,$83,81$ $35",#0",433 $352,#"1,415 $3$$,#40,#$" $3#3,#$0,4#3 $380,#80,542 $38#,800,282
$412,4"$,#01 $431,$02,$$0 $443,#21,#5" $455,2#",2#5 $4$8,153,330 $480,33",81# $42",511,43$
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$15",##1 $15",##1 $15",##1 $15",##1 $15",##1 $15",##1 $15",##1
$5$,302,034 $5$,302,034 $5$,302,034 $5$,302,034 $5$,302,034 $5$,302,034 $5$,302,034
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34 $33,85","34
$"",45$,800 $"",45$,800 $"",45$,800 $"",45$,800 $"",45$,800 $"",45$,800 $"",45$,800
32489 32489 32489 32489 32489 32489 32489
$"",4"1,834 $"",4"0,2$$ $"",4"0,028 $"",412,"30 $"",418,3$1 $"",41#,423 $"",41$,$"5
324#9 324#9 324#9 324#9 324#9 324#9 324#9
$0 $0 $0 $0 $0 $0 $0
$2,41#,1#0 $2,41$,80$ $2,41$,441 $2,41$,0#$ $2,415,#1" $2,415,34# $2,414,283
$13,004,$$4 $13,004,1$0 $13,003,$5# $13,003,153 $13,00",$50 $13,00",14$ $13,001,$43
"3409 "3409 "3409 "3409 "3409 "3409 "3409
$1",25$,"2# $1",25$,$$1 $1",25#,0"$ $1",25#,320 $1",25#,#55 $1",258,112 $1",258,484
$5"0,0#",$01 $533,0"2,"$" $545,28$,"88 $558,243,$#8 $5#1,201,433 $584,852,553 $52#,818,03#
$#14,""$,553 $#3$,$4#,512 $#52,0$#,$1# $#81,48$,84$ $803,205,"0# $8"$,3"",#01 $848,#32,3"$
:$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0"";
$",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0""
$0 $0 $0 $0 $0 $0 $0
:$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0""; :$",2$2,0"";
$",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0"" $",2$2,0""
$0 $0 $0 $0 $0 $0 $0
Month 4# Month 48 Month 42 Month 50 Month 51 Month 5" Month 53
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$1"4,225 $1"4,225 $1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44
$4$,0#1,0"8 $4$,0#1,0"8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,85","34 $33,85","34 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4
$1","18,#24 $1","18,#24 $1",021,804 $1",021,804 $1",021,804 $1",021,804 $1",021,804
"$449 "$449 "$4"9 "$4"9 "$4"9 "$4"9 "$4"9
$1",1##,#51 $1",1#$,883 $1",042,0"5 $1",048,15# $1",04#,"82 $1",04$,4"1 $1",045,553
"$449 "$449 "$419 "$419 "$419 "$419 "$419
$0 $0 $0 $0 $0 $0 $0
$5,114,$55 $5,114,"21 $5,0$0,521 $5,0$0,""$ $5,052,8$1 $5,052,42# $5,052,13"
$#,0$3,02$ $#,0$",52" $$,288,435 $$,28#,231 $$,28#,4"8 $$,28$,2"4 $$,28$,4"1
15439 15439 15419 15419 15419 15419 15419
$#,0"0,805 $#,014,$0$ $$,24#,880 $$,248,"45 $$,248,$02 $$,248,2#4 $$,242,332
$324,8"1,#24 $401,83$,400 $408,#84,"80 $415,#3",5"5 $4"",$81,135 $4"2,$30,102 $43$,5#2,44#
$504,$82,188 $51$,8$$,0#1 $5"8,215,02$ $540,2$3,"53 $553,010,54" $5$5,05$,2$4 $5##,10",51#
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$15",##1 $15",##1 $15#,354 $15#,354 $15#,354 $15#,354 $15#,354
$5$,302,034 $5$,302,034 $5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,85","34 $33,85","34 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4
$"",45$,800 $"",45$,800 $"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2##
32489 32489 32459 32459 32459 32459 32459
$"",415,#5# $"",414,882 $"","8$,128 $"","85,330 $"","84,4$" $"","83,524 $"","8",#"$
324#9 324#9 32459 32459 32459 32459 32459
$0 $0 $0 $0 $0 $0 $0
$2,414,$18 $2,414,"53 $2,3$0,"03 $2,352,832 $2,352,4#4 $2,352,110 $2,358,#45
$13,001,132 $13,000,$3$ $1",2"5,225 $1",2"5,42" $1",2"4,288 $1",2"4,485 $1",2"3,281
"3409 "3409 ""429 ""429 ""429 ""429 ""429
$1",258,842 $1",25",$42 $1",885,440 $1",885,805 $1",88$,1#0 $1",88$,534 $1",88$,822
$$10,##$,885 $$"3,#"2,535 $$3$,$14,2#5 $$42,500,#80 $$$",38$,250 $$#5,"#3,484 $$88,1$0,383
$8#1,155,084 $823,5$2,2#3 $215,85$,1#1 $238,141,501 $2$0,4"5,2$3 $28",#02,558 $1,004,22","84
:$",2$2,0""; :$",2$2,0""; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80;
$",2$2,0"" $",2$2,0"" $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80
$0 $0 $0 $0 $0 $0 $0
:$",2$2,0""; :$",2$2,0""; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80;
$",2$2,0"" $",2$2,0"" $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80
$0 $0 $0 $0 $0 $0 $0
Month 54 Month 55 Month 5$ Month 5# Month 58 Month 52 Month $0
$4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3 $4$,12$,0"3
$1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44 $1"8,#44
$4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8 $4$,0$#,"#8
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4
$1",021,804 $1",021,804 $1",021,804 $1",021,804 $1",021,804 $1",021,804 $1",021,804
"$4"9 "$4"9 "$4"9 "$4"9 "$4"9 "$4"9 "$4"9
$1",044,$85 $1",043,81# $1",04",242 $1",04",081 $1",041,"13 $1",040,345 $1",032,4##
"$419 "$419 "$419 "$419 "$419 "$419 "$419
$0 $0 $0 $0 $0 $0 $0
$5,058,#$8 $5,058,403 $5,058,032 $5,05#,$#4 $5,05#,302 $5,05$,245 $5,05$,580
$$,285,21# $$,285,414 $$,284,210 $$,284,40# $$,283,203 $$,283,400 $$,28",82#
15419 15419 15419 15419 15419 15419 15419
$$,242,#03 $$,250,0$8 $$,250,43" $$,250,#2# $$,251,1$1 $$,251,5"$ $$,251,821
$443,5"2,150 $450,4#2,"18 $45#,4"2,$50 $4$4,380,44# $4#1,331,$02 $4#8,"83,135 $485,"35,0"5
$582,14#,"0" $$01,121,012 $$13,"33,2$8 $$"5,"#$,042 $$3#,31#,"$" $$42,35#,$0$ $$$1,32#,083
$5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805 $5$,4$1,805
$15#,354 $15#,354 $15#,354 $15#,354 $15#,354 $15#,354 $15#,354
$5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451 $5$,304,451
224#9 224#9 224#9 224#9 224#9 224#9 224#9
$33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4 $33,2#5,4#4
$"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2## $"",3"8,2##
32459 32459 32459 32459 32459 32459 32459
$"","81,858 $"","80,220 $"","80,1"" $"","#2,"54 $"","#8,38$ $"","##,518 $"","#$,$50
32459 32459 32459 32459 32459 32459 32459
$0 $0 $0 $0 $0 $0 $0
$2,358,380 $2,358,01$ $2,35#,$51 $2,35#,"8# $2,35$,2"" $2,35$,55# $2,35$,123
$1",2"3,4#8 $1",2"",2#4 $1",2"",4#1 $1",2"1,2$# $1",2"1,4$4 $1",2"0,2$0 $1",2"0,45#
""429 ""429 ""429 ""429 ""429 ""429 ""429
$1",88#,"$3 $1",88#,$"8 $1",88#,223 $1",888,35# $1",888,#"" $1",882,08$ $1",882,451
$#01,04#,$4$ $#13,235,"#4 $#"$,8"3,"$# $#32,#11,$"4 $#5",$00,34$ $#$5,482,43" $##8,3#8,883
$1,0"#,"#4,14" $1,042,555,13" $1,0#1,835,"53 $1,024,114,50# $1,11$,32",823 $1,138,$#0,411 $1,1$0,24#,0$0
:$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80;
$",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80
$0 $0 $0 $0 $0 $0 $0
:$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80; :$",2$8,#80;
$",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80 $",2$8,#80
$0 $0 $0 $0 $0 $0 $0
3tart 8ear 1 8ear " 8ear 3
=orma( +ase :$110,000,000; :$8,804,585; $1#1,"01,#"# $1"0,"45,155
Best +ase :$110,000,000; :$4,#51,1$#; $"0$,835,53# $155,8#$,"3"
@orst +ase :$110,000,000; :$1",858,003; $135,5$#,21$ $84,$14,0#8
Investment 8ears Invested Investment Mu(ti)(e 5th 8ear Aa(ue
Initia( $110,000,000 5 340 $330,000,000
8ear 1 $0 5 340 $0
8ear " $0 4 "44 $0
8ear 3 $0 3 142 $0
8ear 4 $0 " 14$ $0
8ear 5 $0 1 14" $0
.ota( $&&,, $'',,
5th 8ear +om)an/ 0arnings $112,453,342
5th 8ear Mu(ti)(e $
5th 8ear +om)an/ Aa(ue $#1$,#"0,025
Per 8ear %eturn "59
8ear 4 8ear 5
$112,851,$#0 $112,0"3,28# $5419
$155,4#2,23" $154,$42,348 80459
$84,""3,402 $83,328,$"5 4#449
+om)an/ 3hare
4$409
0409
0409
0409
0409
0409
%6@?
Pre-Operating So)r.e o0 9)n8s Pre-Operating ,se o0 9)n8s
Investment Expenses
Owner $"82,000 Advertising $1,500
Investor $110,000,000 Literature $14,800
Total Investment $&&,28$, Promotions $3,300
Other Mareting ! Advertising $"3,#$0
Debt %esear&h ! 'eve(o)ment $"38,000
+urrent 'e,t $0 *enera( ! Admin $4,#1$
Long-.erm 'e,t $0 Total Expenses $286,!6
Total Debt $
Total So)r.e o0 9)n8s $&&,28$, "ssets
Inventor/ $4",5"0
Pro)ert/ $0
01ui)ment $"3,434
Other Long-.erm Assets $0
Total "ssets $6#,$#%
Total ,se o0 9)n8s $'#2,'
Total So)r.e 5 ,se o0 9)n8s +earl2 (even)e
.ota( 3our&e o< 5unds $110,"82,000 8ear 1 8ear "
.ota( ?se o< 5unds $35",030 ,nits
-onth & Starting Cash $&$,$'6,$! 3e((er Assisted Mareting P(an 31" 0
0m)(o/ee 0du4 5ormats 1 ! " 41" 4,"00
Manager 0du4 5ormats 3 ! 4 3$" 4,"00
0m)(o/er 0du4 5ormats 5 ! $ 31" 4,"00
3ma(( Business 0du4 5ormat # "$" 4,"00
Large Business 0du4 5ormat 8 "1" 4,"00
Pa&aged 0du4 5ormats 163656# 1$" 4,"00
Pa&aged 0du4 5ormats "646$68 11" 4,"00
Total ,nits 2,&%6 2$,%
,nit Pri.e
3e((er Assisted Mareting P(an $38,830400 $0400
0m)(o/ee 0du4 5ormats 1 ! " $4,151451 $4,151451
Manager 0du4 5ormats 3 ! 4 $4,52"400 $4,52"400
0m)(o/er 0du4 5ormats 5 ! $ $"5,000400 $"5,000400
3ma(( Business 0du4 5ormat # $14,583400 $14,583400
Large Business 0du4 5ormat 8 $"",21#400 $"",21#400
Pa&aged 0du4 5ormats 163656# $3",2304#0 $3",2304#0
Pa&aged 0du4 5ormats "646$68 $4",4#2483 $4",4#2483
(even)e
3e((er Assisted Mareting P(an $1",114,2$0 $0
0m)(o/ee 0du4 5ormats 1 ! " $1,#10,4"" $1#,43$,34"
Manager 0du4 5ormats 3 ! 4 $1,$$",304 $12,"8$,400
0m)(o/er 0du4 5ormats 5 ! $ $#,800,000 $105,000,000
3ma(( Business 0du4 5ormat # $3,8"0,#4$ $$1,"48,$00
Large Business 0du4 5ormat 8 $4,858,404 $2$,"51,400
Pa&aged 0du4 5ormats 163656# $5,334,##3 $138,308,240
Pa&aged 0du4 5ormats "646$68 $4,#5#,#41 $1#8,415,"8$
/ross (even)e $%2,#$,'# $6&#,$%6,$68
Dire.t Costs
Materia( $1,"81,5#0 $1,3"0,01#
Produ&tion 5a&i(it/ 07)ense $4",000 $43,"$0
Produ&tion 01ui)ment %enta( $"0,400 $"1,01"
3ma(( .oo(s 6 3u))(ies $34,800 $35,844
Pa&aging 3u))(ies $5$,400 $58,02"
Other Produ&tion 07)enses $20,000 $2",#00
Dire.t Cost o0 (even)e $&,#2#,&! $&,#!,$2#
+earl2 (even)e +earl2 Personnel
8ear 3 8ear 4 8ear 5 8ear 1 8ear "
Pa2roll
0 0 0 3e((er Assisted Mareting P(an $0 $"50,000
4,"00 4,"00 4,"00 0m)(o/ee 0du4 5ormats 1 ! " $",8#$,8"2 $1,#43,$34
4,"00 4,"00 4,"00 Manager 0du4 5ormats 3 ! 4 $",404,250 $1,2"8,$40
4,"00 4,"00 4,"00 0m)(o/er 0du4 5ormats 5 ! $ $4,481,803 $10,185,000
4,"00 4,"00 4,"00 3ma(( Business 0du4 5ormat # $","40,200 $5,4$5,#08
4,"00 4,"00 4,"00 Large Business 0du4 5ormat 8 $",$48,830 $#,383,85#
4,"00 4,"00 4,"00 Pa&aged 0du4 5ormats 163656# $",$48,8"2 $8,344,$32
4,"00 4,"00 4,"00 Pa&aged 0du4 5ormats "646$68 $5,#3",$3$ $2,"##,525
2$,% 2$,% 2$,% Mareting ! Advertising $24#,"00 $$,214,#$0
%esear&h ! 'eve(o)ment $#$8,000 $"2,083,300
*enera( ! Admin $432,500 $"2,083,300
$0400 $0400 $0400 Total Pa2roll $2#,&8$,%!! $&$,66,%'%
$4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483
$0 $0 $0
$1#,43$,34" $1#,43$,34" $1#,43$,34"
$12,"8$,400 $12,"8$,400 $12,"8$,400
$105,000,000 $105,000,000 $105,000,000
$$1,"48,$00 $$1,"48,$00 $$1,"48,$00
$2$,"51,400 $2$,"51,400 $2$,"51,400
$138,308,240 $138,308,240 $138,308,240
$1#8,415,"8$ $1#8,415,"8$ $1#8,415,"8$
$6&#,$%6,$68 $6&#,$%6,$68 $6&#,$%6,$68
$1,352,$18 $1,400,40# $1,44",412
$44,558 $45,825 $4#,"#1
$"1,$4" $"","2" $"",2$0
$3$,212 $38,0"# $32,1$8
$52,835 $$1,$30 $$3,4#2
$25,481 $28,345 $101,"2$
$&,6&8,#' $&,666,#$# $&,!&6,#$'
+earl2 Personnel +earl2 In.ome Statement
8ear 3 8ear 4 8ear 5 8ear 1 8ear "
/ross (even)e $%2,#$,'# $6&#,$%6,$68
$"50,000 $"50,000 $"50,000 'ire&t +ost o< %evenue $1,5"5,1#0 $1,5#0,2"5
$1,#43,$34 $1,#43,$34 $1,#43,$34 Other 'ire&t +osts $0 $0
$1,2"8,$40 $1,2"8,$40 $1,2"8,$40 Total Cost o0 (even)e $&,#2#,&! $&,#!,$2#
$10,500,000 $10,500,000 $10,500,000
$$,1"4,8$0 $$,1"4,8$0 $$,1"4,8$0 /ross Pro0it $%,#'%,&8 $6&%,'!6,%'
$2,$"5,140 $2,$"5,140 $2,$"5,140 *ross Margin Per&entage 2$449 224#9
$13,830,824 $13,830,824 $13,830,824
$1#,841,5"2 $1#,841,5"2 $1#,841,5"2 Operating Expenses
$$,214,#$0 $$,214,#$0 $$,214,#$0 Advertising $3,3"2,120 $2,328,400
$32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0 Literature $15,##4 $1#,81$,000
$32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0 Promotions $",#58,5"4 $$,214,#$0
$&%!,'$,!!! $&%!,'$,!!! $&%!,'$,!!! Other Mareting ! Advertising $$#1,34" $"2,083,300
%esear&h ! 'eve(o)ment $",542,0#$ $"2,083,300
*enera( ! Admin $",548,83" $$2,523,238
.ota( Pa/ro(( $"5,182,4## $102,$$0,434
Pa/ro(( .a7es $10,5#2,580 $4$,05#,38"
Total Operating Expenses $%!,6%&,!$# $!&,&&%,$&
Operating Pro0it 6$!,&!,6&#7 $2$6,!68,#28
O)erating Pro<it Per&entage -1$429 484"9
'e)re&iation $#0,$38 $125,$38
Earning 4e0ore Interest 5 Taxes 6$!,&!8,2#27 $2$6,#!2,8$&
0BI. Per&entage -1#419 48419
Interest 07)enses $0 $0
.a7es A&&rued $0 $1"4,5$0,$14
Earnings 6$!,&!8,2#27 $&!2,&2,2!!
0arnings Per&entage -1#419 "#429
+earl2 In.ome Statement +earl2 Statement o0 Cash 9lo1
8ear 3 8ear 4 8ear 5 8ear 1 8ear "
$6&#,$%6,$68 $6&#,$%6,$68 $6&#,$%6,$68 Operating ".tivities
$1,$18,053 $1,$$$,525 $1,#1$,523 Cash (e.eive8
$0 $0 $0 *ross %evenue $4",052,350 $$15,24$,2$8
$&,6&8,#' $&,666,#$# $&,!&6,#$' Total Cash (e.eive8 $%2,#$,'# $6&#,$%6,$68
Cash ,se8
$6&%,'28,$&# $6&%,28,'!' $6&%,2','!# +ost o< %evenue $1,5"5,1#0 $1,5#0,2"5
224#9 224#9 224#9 Pa/ro((6.a7es6Bene<its $35,#$2,05# $155,#1#,81#
Other O)erating 07)enses $11,8#",#38 $1$1,882,$28
Additiona( Inventor/ $344,240 $$,18#
$2,$80,400 $2,2#0,800 $10,"$2,$00 Interest 07)enses $0 $0
$12,380,000 $12,52$,000 $"0,55$,000 .a7es A&&rued $0 $1"4,5$0,$14
$#,1"","03 $#,335,8#0 $#,555,24# Total Cash ,se8 $%$,#&&,$# $%%',!%#,2%&
$32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0 3et Cash 9rom:6,se8 427 Operating 6$!,%#2,###7 $&!2,2&,!2!
$32,"#5,1$0 $32,"#5,1$0 $32,"#5,1$0
$81,523,23# $81,523,23# $81,523,23# Investing ".tivities
$14#,302,### $14#,302,### $14#,302,### Cash (e.eive8
$$1,8#0,10$ $$1,8#0,10$ $$1,8#0,10$ Pro&eeds <rom Pro)ert/6Land $0 $0
$$%,#8!,#&& $%6,226,8& $%!,!#,68! Pro&eeds <rom 01ui)ment $0 $0
Total Cash (e.eive8 $ $
$28,822,&!2 $28,#',#6' $26,#2%,688 Cash ,se8
33429 33489 33459 Pur&hase o< Pro)ert/6Land $0 $0
Pur&hase o< 01ui)ment $1,000,000 $1,000,000
$3"0,$38 $445,$38 $5#0,$38 Total Cash ,se8 $&,, $&,,
$28,#&,#'% $2!,6!,$2# $2#,$#%,# 3et Cash 9rom:6,se8 427 Investing 6$&,,7 6$&,,7
33429 334#9 33449
9inan.ing ".tivities
$0 $0 $0 Cash (e.eive8
$8#,5#0,$44 $8#,125,3"2 $8$,500,#01 Pro&eeds <rom Investors $0 $0
$&2,$',8$ $&2,%&2,#$! $&&$,%#','%$ Pro&eeds <rom Long-.erm 'e,t $0 $0
124$9 12459 12449 Total Cash (e.eive8 $ $
Cash ,se8
'ividends Paid $0 $0
%e)a/ment o< Long-.erm 'e,t $0 $0
Total Cash ,se8 $ $
3et Cash 9rom:6,se8 427 9inan.ing $ $
=et +ash 5(ow :$8,45",555; $1#1,"01,#"#
+ash Ba(an&e $101,484,415 $"#",$8$,14"
+earl2 Statement o0 Cash 9lo1 +earl2 4alan.e Sheet
8ear 3 8ear 4 8ear 5 8ear 1 8ear "
"ssets
+urrent Assets
$$15,24$,2$8 $$15,24$,2$8 $$15,24$,2$8 +ash $101,484,415 $"#",$8$,14"
$6&#,$%6,$68 $6&#,$%6,$68 $6&#,$%6,$68 Inventor/ $38#,4$0 $323,$4#
Other +urrent Assets $0 $0
$1,$18,053 $1,$$$,525 $1,#1$,523 .ota( +urrent Assets $101,8#1,8#5 $"#3,0#2,#82
$"02,1#2,883 $"02,1#2,883 $"02,1#2,883 Long-.erm Assets
$12$,3"$,8$0 $12#,04$,2"# $128,5"5,804 Pro)ert/ $0 $0
$$,3#3 $$,5$4 $0 01ui)ment $1,0"3,434 $",0"3,434
$0 $0 $0 Other Long-.erm Assets $0 $0
$8#,5#0,$44 $8#,125,3"2 $8$,500,#01 A&&umu(ated 'e)re&iation :$#0,$38; :$"$$,"#5;
$%$%,!&,8&' $%$#,$#,2$8 $%$#,$22,$8& .ota( Long-.erm Assets $25",#2$ $1,#5#,152
$&2&,2%#,&## $&2,8#&,6! $&2,2',$8! Total "ssets $&2,82%,6!2 $2!%,8'6,$%8
*iabilities
+urrent Lia,i(ities
$0 $0 $0 +urrent 'e,t $0 $0
$0 $0 $0 .ota( +urrent Lia,i(ities $0 $0
$ $ $ Long-.erm Lia,i(ities
Long-.erm 'e,t $0 $0
$0 $0 $0 .ota( Long-.erm Lia,i(ities $0 $0
$1,000,000 $1,000,000 $1,000,000 Total *iabilities $ $
$&,, $&,, $&,,
6$&,,7 6$&,,7 6$&,,7 Sharehol8ers; E<)it2
Paid-in +a)ita(
Owner $"82,000 $"82,000
Investor $110,000,000 $110,000,000
$0 $0 $0 .ota( Paid-in +a)ita( $110,"82,000 $110,"82,000
$0 $0 $0 %etained 0arnings
$ $ $ Previous %etained 0arnings :$"8$,0#$; :$#,4$4,3"8;
+urrent 0arnings :$#,1#8,"5"; $1#",01","##
$0 $0 $0 .ota( %etained 0arnings :$#,4$4,3"8; $1$4,54#,248
$0 $0 $0 Total Sharehol8ers; E<)it2 $&2,82%,6!2 $2!%,8'6,$%8
$ $ $ Total *iabilities 5 E<)it2 $&2,82%,6!2 $2!%,8'6,$%8
$ $ $
$1"0,"45,155 $112,851,$#0 $112,0"3,28#
$32",231,"2# $51",#8",2$# $$31,80$,254
+earl2 4alan.e Sheet 4rea=-Even
8ear 3 8ear 4 8ear 5 "nal2sis -onth
O)erating Brea-0ven 13
Investment +ash 5(ow Brea-0ven 13
$32",231,"2# $51",#8",2$# $$31,80$,254
$400,0"0 $40$,584 $40$,584
$0 $0 $0
$323,331,31# $513,182,551 $$3","13,538
$0 $0 $0
$3,0"3,434 $4,0"3,434 $5,0"3,434
$0 $0 $0
:$58$,213; :$1,03",550; :$1,$03,188;
$",43$,5"1 $",220,884 $3,4"0,"4$
$'$#,!6!,8'8 $#&6,&8,%'# $6'#,6'',!8%
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$ $ $
$"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000
$110,"82,000 $110,"82,000 $110,"82,000
$1$4,54#,248 $"85,4#8,838 $405,821,435
$1"0,230,820 $1"0,41",52# $112,453,342
$"85,4#8,838 $405,821,435 $5"5,344,#84
$'$#,!6!,8'8 $#&6,&8,%'# $6'#,6'',!8%
$'$#,!6!,8'8 $#&6,&8,%'# $6'#,6'',!8%
>orst Case -- (even)e De.rease 42A &?
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
*ross %evenue $3#,853,415 $554,35","#1 $554,35","#1 $554,35","#1 $554,35","#1
.ota( +ost o< %evenue $1,3#",$53 $1,413,83" $1,45$,"48 $1,422,23$ $1,544,234
*ross Pro<it $3$,480,#$" $55",238,432 $55",82$,0"3 $55",85",335 $55",80#,338
*ross Margin Per&entage 2$449 224#9 224#9 224#9 224#9
.ota( O)erating 07)enses $4#,$41,#25 $31#,$0#,515 $405,50$,#43 $40$,""$,810 $40#,#05,$8#
O)erating Pro<it :$11,1$1,033; $"35,330,2"4 $14#,382,"80 $14$,$"5,5"5 $145,101,$50
O)erating Pro<it Per&entage -"2459 4"459 "$4$9 "$449 "$4"9
0arning Be<ore Interest ! .a7es :$11,"31,$#0; $"35,135,"8$ $14#,0$8,$43 $14$,1#2,888 $144,531,013
0BI. Per&entage -"24#9 4"449 "$459 "$449 "$419
Interest 07)enses $0 $0 $0 $0 $0
.a7es A&&rued $0 $28,#5$,8"0 $$1,#$8,830 $$1,325,553 $$0,#03,0"5
0arnings :$11,"31,$#0; $13$,3#8,4$$ $85,"22,813 $84,#84,335 $83,8"#,28#
0arnings Per&entage -"24#9 "44$9 15449 15439 15419
=et +ash 5(ow :$1",505,2#3; $135,5$#,21$ $84,$14,0#8 $84,""3,402 $83,328,$"5
+ash Ba(an&e $2#,430,22# $"3",228,214 $31#,$1",221 $401,83$,400 $485,"35,0"5
4est Case -- (even)e In.rease 42A &?
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
*ross %evenue $4$,"$5,"8$ $$##,541,$$5 $$##,541,$$5 $$##,541,$$5 $$##,541,$$5
.ota( +ost o< %evenue $1,$##,$8# $1,#"8,01# $1,##2,852 $1,833,"55 $1,888,"5"
*ross Pro<it $44,58#,522 $$#5,813,$4# $$#5,#$1,80$ $$#5,#08,410 $$#5,$53,413
*ross Margin Per&entage 2$449 224#9 224#9 224#9 224#9
.ota( O)erating 07)enses $4#,$41,#25 $31#,$0#,515 $405,50$,#43 $40$,""$,810 $40#,#05,$8#
O)erating Pro<it :$3,054,12#; $358,"0$,13" $"#0,"55,0$3 $"$2,481,$00 $"$#,24#,#"5
O)erating Pro<it Per&entage -$4$9 5"429 32429 32489 32459
0arning Be<ore Interest ! .a7es :$3,1"4,834; $358,010,425 $"$2,234,4"$ $"$2,035,2$" $"$#,3##,088
0BI. Per&entage -$489 5"489 32489 324#9 32459
Interest 07)enses $0 $0 $0 $0 $0
.a7es A&&rued $0 $150,3$4,408 $113,3#",452 $11",225,104 $11","28,3##
0arnings :$3,1"4,834; $"0#,$4$,08# $15$,5$1,2$# $15$,040,858 $155,0#8,#11
0arnings Per&entage -$489 304$9 "3419 "3409 ""429
=et +ash 5(ow :$4,322,13#; $"0$,835,53# $155,8#$,"3" $155,4#2,23" $154,$42,348
+ash Ba(an&e $105,53#,833 $31",3#3,3#1 $4$8,"42,$03 $$"3,#"2,535 $##8,3#8,883
+ear & (even)e
Month 1 Month " Month 3 Month 4 Month 5 Month $ Month # Month 8
,nits
3e((er Assisted Mareting P(an 1" 50 50 50 50 50 50 0
0m)(o/ee 0du4 5ormats 1 ! " 0 0 0 1" 50 50 50 50
Manager 0du4 5ormats 3 ! 4 0 0 0 0 1" 50 50 50
0m)(o/er 0du4 5ormats 5 ! $ 0 0 0 0 0 1" 50 50
3ma(( Business 0du4 5ormat # 0 0 0 0 0 0 1" 50
Large Business 0du4 5ormat 8 0 0 0 0 0 0 0 1"
Pa&aged 0du4 5ormats 163656# 0 0 0 0 0 0 0 0
Pa&aged 0du4 5ormats "646$68 0 0 0 0 0 0 0 0
Total ,nits &2 # # 62 &&2 &62 2&2 2&2
,nit Pri.e
3e((er Assisted Mareting P(an $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400 $38,830400
0m)(o/ee 0du4 5ormats 1 ! " $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451 $4,151451
Manager 0du4 5ormats 3 ! 4 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400 $4,52"400
0m)(o/er 0du4 5ormats 5 ! $ $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400 $"5,000400
3ma(( Business 0du4 5ormat # $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400 $14,583400
Large Business 0du4 5ormat 8 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400 $"",21#400
Pa&aged 0du4 5ormats 163656# $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
Pa&aged 0du4 5ormats "646$68 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
(even)e
3e((er Assisted Mareting P(an $4$5,2$0 $1,241,500 $1,241,500 $1,241,500 $1,241,500 $1,241,500 $1,241,500 $0
0m)(o/ee 0du4 5ormats 1 ! " $0 $0 $0 $42,818 $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$
Manager 0du4 5ormats 3 ! 4 $0 $0 $0 $0 $55,104 $""2,$00 $""2,$00 $""2,$00
0m)(o/er 0du4 5ormats 5 ! $ $0 $0 $0 $0 $0 $300,000 $1,"50,000 $1,"50,000
3ma(( Business 0du4 5ormat # $0 $0 $0 $0 $0 $0 $1#4,22$ $#"2,150
Large Business 0du4 5ormat 8 $0 $0 $0 $0 $0 $0 $0 $"#5,004
Pa&aged 0du4 5ormats 163656# $0 $0 $0 $0 $0 $0 $0 $0
Pa&aged 0du4 5ormats "646$68 $0 $0 $0 $0 $0 $0 $0 $0
/ross (even)e $4$5,2$0 $1,241,500 $1,241,500 $1,221,318 $","04,180 $",$#8,$#$ $3,803,$#" $",$21,330
Dire.t Costs
Materia( $$,$20 $#,825 $13,$$5 $38,384 $#0,"51 $25,$1" $115,2"" $144,120
Produ&tion 5a&i(it/ 07)ense $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
Produ&tion 01ui)ment %enta( $1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#00 $1,#00
3ma(( .oo(s 6 3u))(ies $",200 $",200 $",200 $",200 $",200 $",200 $",200 $",200
Pa&aging 3u))(ies $4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,#00 $4,#00
Other Produ&tion 07)enses $#,500 $#,500 $#,500 $#,500 $#,500 $#,500 $#,500 $#,500
Dire.t Cost o0 (even)e $"$,220 $"8,125 $33,2$5 $58,$84 $20,551 $115,21" $13$,""" $1$4,420
+ear & (even)e +ear & Personnel
Month 2 Month 10 Month 11 Month 1" Month 1 Month " Month 3
Pa2roll
0 0 0 0 3e((er Assisted Mareting P(an $0 $0 $0
50 50 50 50 0m)(o/ee 0du4 5ormats 1 ! " $"32,#3$ $"32,#3$ $"32,#3$
50 50 50 50 Manager 0du4 5ormats 3 ! 4 $"00,413 $"00,413 $"00,413
50 50 50 50 0m)(o/er 0du4 5ormats 5 ! $ $3#3,484 $3#3,484 $3#3,484
50 50 50 50 3ma(( Business 0du4 5ormat # $18$,#4" $18$,#4" $18$,#4"
50 50 50 50 Large Business 0du4 5ormat 8 $""0,#3$ $""0,#3$ $""0,#3$
1" 50 50 50 Pa&aged 0du4 5ormats 163656# $""0,#3$ $""0,#3$ $""0,#3$
0 1" 50 50 Pa&aged 0du4 5ormats "646$68 $4##,#"0 $4##,#"0 $4##,#"0
262 '&2 '# '# Mareting ! Advertising $#8,233 $#8,233 $#8,233
%esear&h ! 'eve(o)ment $$4,000 $$4,000 $$4,000
*enera( ! Admin $3$,$"5 $3$,$"5 $3$,$"5
$38,830400 $38,830400 $38,830400 $38,830400 Total Pa2roll $",022,1"3 $",022,1"3 $",022,1"3
$4,151451 $4,151451 $4,151451 $4,151451
$4,52"400 $4,52"400 $4,52"400 $4,52"400
$"5,000400 $"5,000400 $"5,000400 $"5,000400
$14,583400 $14,583400 $14,583400 $14,583400
$"",21#400 $"",21#400 $"",21#400 $"",21#400
$3",2304#0 $3",2304#0 $3",2304#0 $3",2304#0
$4",4#2483 $4",4#2483 $4",4#2483 $4",4#2483
$0 $0 $0 $0
$"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$
$""2,$00 $""2,$00 $""2,$00 $""2,$00
$1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000
$#"2,150 $#"2,150 $#"2,150 $#"2,150
$1,145,850 $1,145,850 $1,145,850 $1,145,850
$325,1$8 $1,$4$,535 $1,$4$,535 $1,$4$,535
$0 $502,#58 $",1"3,22" $",1"3,22"
$3,25#,344 $5,#18,4$8 $#,33",#0" $#,33",#0"
$1#5,088 $120,455 $12#,##4 $""5,$44
$3,500 $3,500 $3,500 $3,500
$1,#00 $1,#00 $1,#00 $1,#00
$",200 $",200 $",200 $",200
$4,#00 $4,#00 $4,#00 $4,#00
$#,500 $#,500 $#,500 $#,500
$125,388 $"10,#55 $"18,0#4 $"45,244
+ear & Personnel
Month 4 Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11 Month 1"
$0 $0 $0 $0 $0 $0 $0 $0 $0
$"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$ $"32,#3$
$"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413 $"00,413
$3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484 $3#3,484
$18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4" $18$,#4"
$""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$
$""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$ $""0,#3$
$4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0 $4##,#"0
$#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233 $#8,233
$$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000 $$4,000
$3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5 $3$,$"5
$",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3
+ear & In.ome Statement
Month 1 Month " Month 3 Month 4 Month 5 Month $ Month # Month 8
/ross (even)e $4$5,2$0 $1,241,500 $1,241,500 $1,221,318 $","04,180 $",$#8,$#$ $3,803,$#" $",$21,330
'ire&t +ost o< %evenue $"$,220 $"8,125 $33,2$5 $58,$84 $20,551 $115,21" $13$,""" $1$4,420
Other 'ire&t +osts $0 $0 $0 $0 $0 $0 $0 $0
Total Cost o0 (even)e $"$,220 $"8,125 $33,2$5 $58,$84 $20,551 $115,21" $13$,""" $1$4,420
*ross Pro<it $438,2#0 $1,213,305 $1,20#,535 $1,23",$34 $",113,$"2 $",5$",#$4 $3,$$#,450 $",5"$,840
*ross Margin Per&entage 244"9 28459 28439 2#419 25429 254#9 2$449 23429
Operating Expenses
Advertising $500 $220 $1,500 $5,000 $5#,500 $24,000 $130,000 $3"0,000
Literature $1,"28 $1,301 $1,304 $1,30# $1,310 $1,313 $1,31$ $1,312
Promotions $500 $504 $800 $5,1"0 $51,$00 $"00,000 $"40,000 $"80,000
Other Mareting ! Advertising $#,2"0 $#,230 $#,240 $#,250 $#2,$00 $#2,#00 $#2,801 $#2,201
%esear&h ! 'eve(o)ment $1,$33 $1,$3# $1,$41 $1,$45 $1$,420 $1$,530 $1$5,#00 $1$$,100
*enera( ! Admin $1,5#" $1,5#$ $1,580 $1,584 $1$,420 $1$,530 $1$5,#00 $1$$,100
.ota( Pa/ro(( $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3
Pa/ro(( .a7es $881,$3" $881,$3" $881,$3" $881,$3" $881,$3" $881,$3" $881,$3" $881,$3"
Total Operating Expenses $",224,1#8 $",224,$23 $",225,5"0 $3,003,3$1 $3,"03,#45 $3,388,8"8 $3,#$3,"#" $3,224,1#5
Operating Pro0it :$",555,"08; :$1,081,388; :$1,08#,285; :$1,0#0,#"#; :$1,020,11$; :$8"$,0$4; :$25,8""; :$1,4$#,335;
O)erating Pro<it Per&entage -548449 -554#9 -5$409 -53489 -42459 -30489 -"459 -54459
'e)re&iation $1,11" $1,280 $",848 $3,#1$ $4,584 $5,45" $$,3"0 $#,182
Earning 4e0ore Interest 5 Taxes :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443; :$1,024,#01; :$831,51#; :$10",143; :$1,4#4,5"4;
0BI. Per&entage -5484$9 -55489 -5$4"9 -54409 -424#9 -31409 -"4#9 -54489
Interest 07)enses $0 $0 $0 $0 $0 $0 $0 $0
.a7es A&&rued $0 $0 $0 $0 $0 $0 $0 $0
Earnings :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443; :$1,024,#01; :$831,51#; :$10",143; :$1,4#4,5"4;
0arnings Per&entage -5484$9 -55489 -5$4"9 -54409 -424#9 -31409 -"4#9 -54489
+ear & In.ome Statement +ear & Statement o0 Cash 9lo1
Month 2 Month 10 Month 11 Month 1" Month 1 Month " Month 3
$3,25#,344 $5,#18,4$8 $#,33",#0" $#,33",#0" Operating ".tivities
$125,388 $"10,#55 $"18,0#4 $"45,244 Cash (e.eive8
$0 $0 $0 $0 *ross %evenue $4$5,2$0 $1,241,500 $1,241,500
$125,388 $"10,#55 $"18,0#4 $"45,244 Total Cash (e.eive8 $4$5,2$0 $1,241,500 $1,241,500
Cash ,se8
$3,#$1,25$ $5,50#,#13 $#,114,$"8 $#,08$,#58 +ost o< %evenue $"$,220 $"8,125 $33,2$5
25419 2$439 2#409 2$4$9 Pa/ro((6.a7es6Bene<its $",280,#55 $",280,#55 $",280,#55
Other O)erating 07)enses $13,4"3 $13,238 $14,#$5
Additiona( Inventor/ $1,828 $2,020 $38,24"
$510,000 $$#0,000 $#$8,200 $##0,800 Interest 07)enses $0 $0 $0
$1,3"" $1,3"5 $1,3"8 $1,331 .a7es A&&rued $0 $0 $0
$3"0,000 $53$,000 $540,000 $584,000 Total Cash ,se8 $3,0"3,0$$ $3,031,2#8 $3,0$8,4"#
$80,000 $80,100 $80,"00 $80,300 3et Cash 9rom:6,se8 427 Operating :$",55#,10$; :$1,020,4#8; :$1,1"$,2"#;
$1$$,500 $1$$,200 $1$#,300 $1,$##,000 Investing ".tivities
$1$$,500 $1$$,200 $1$#,300 $1,$##,000 Cash (e.eive8
$",022,1"3 $",022,1"3 $",022,1"3 $",022,1"3 Pro&eeds <rom Pro)ert/6Land $0 $0 $0
$881,$3" $881,$3" $881,$3" $881,$3" Pro&eeds <rom 01ui)ment $0 $0 $0
$4,""5,0## $4,$01,280 $4,#05,#83 $#,##1,18$ Total Cash (e.eive8 $0 $0 $0
Cash ,se8
:$4$3,1"1; $205,#34 $",408,845 :$$84,4"8; Pur&hase o< Pro)ert/6Land $0 $0 $0
-114#9 15489 3"429 -2439 Pur&hase o< 01ui)ment $83,333 $83,333 $83,333
Total Cash ,se8 $83,333 $83,333 $83,333
$8,05# $8,2"5 $2,#23 $10,$$1 3et Cash 9rom:6,se8 427 Investing :$83,333; :$83,333; :$83,333;
:$4#1,1##; $82$,802 $",322,053 :$$25,082; 9inan.ing ".tivities
-11429 154#9 3"4#9 -2459 Cash (e.eive8
Pro&eeds <rom Investors $0 $0 $0
$0 $0 $0 $0 Pro&eeds <rom Long-.erm 'e,t $0 $0 $0
$0 $0 $0 $0 Total Cash (e.eive8 $0 $0 $0
:$4#1,1##; $82$,802 $",322,053 :$$25,082; Cash ,se8
-11429 154#9 3"4#9 -2459 'ividends Paid $0 $0 $0
%e)a/ment o< Long-.erm 'e,t $0 $0 $0
Total Cash ,se8 $0 $0 $0
3et Cash 9rom:6,se8 427 9inan.ing $0 $0 $0
3et Cash 9lo1 :$",$40,432; :$1,1#3,811; :$1,"10,"$0;
Cash 4alan.e $10#,"2$,531 BBB $104,21",452
+ear & Statement o0 Cash 9lo1
Month 4 Month 5 Month $ Month # Month 8 Month 2 Month 10 Month 11 Month 1"
$1,221,318 $","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0" $#,33",#0"
$1,221,318 $","04,180 $",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0" $#,33",#0"
$58,$84 $20,551 $115,21" $13$,""" $1$4,420 $125,388 $"10,#55 $"18,0#4 $"45,244
$",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55 $",280,#55
$"",$0$ $""",220 $408,0#3 $#8",51# $1,013,4"0 $1,"44,3"" $1,$"1,""5 $1,#"5,0"8 $4,#20,431
$50,"03 $32,254 $31,22$ $44,533 $48,$## $"4,"02 $11,530 $43,20$ $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$3,11","48 $3,334,"42 $3,53$,#3$ $3,244,0"# $4,"0#,341 $4,444,$#4 $4,8"4,"$5 $4,2$#,#$3 $8,01#,130
:$1,1"0,230; :$1,130,0#0; :$858,0$1; :$140,35$; :$1,51$,01"; :$48#,330; $824,"03 $",3$4,232 :$$84,4"8;
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
$83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333 $83,333
:$83,333; :$83,333; :$83,333; :$83,333; :$83,333; :$83,333; :$83,333; :$83,333; :$83,333;
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
:$1,"04,"$3; :$1,"13,403; :$241,324; :$""3,$82; :$1,522,345; :$5#0,$$3; $810,8#0 $","81,$0$ :$#$#,#$1;
$103,#08,12$ $10",424,#2" $101,553,322 BBB $22,#30,3$4 $22,152,#01 $22,2#0,5#1 $10","5",1#$ $101,484,415
+ear & 4alan.e Sheet
Month 1 Month " Month 3 Month 4 Month 5 Month $ Month #
"ssets
+urrent Assets
+ash $10#,"2$,531 $10$,1"",#12 $104,21",452 $103,#08,12$ $10",424,#2" $101,553,322 $101,3"2,#10
Inventor/ $44,418 $53,508 $2",451 $14",$54 $18",$08 $"14,$04 $"52,13#
Other +urrent Assets $0 $0 $0 $0 $0 $0 $0
.ota( +urrent Assets $10#,340,242 $10$,1#$,""8 $105,004,210 $103,850,850 $10",$##,400 $101,#$8,00" $101,588,84#
Long-.erm Assets
Pro)ert/ $0 $0 $0 $0 $0 $0 $0
01ui)ment $10$,#$# $120,101 $"#3,434 $35$,#$# $440,101 $5"3,434 $$0$,#$#
Other Long-.erm Assets $0 $0 $0 $0 $0 $0 $0
A&&umu(ated 'e)re&iation :$1,11"; :$3,02"; :$5,241; :$2,$5#; :$14,"41; :$12,$24; :$"$,014;
.ota( Long-.erm Assets $105,$55 $18#,008 $"$#,423 $34#,110 $4"5,852 $503,#40 $580,#53
Total "ssets $10#,44$,$04 $10$,3$3,"3$ $105,"#",403 $104,12#,2$0 $103,103,"52 $10","#1,#43 $10",1$2,$00
*iabilities
+urrent Lia,i(ities $0 $0 $0 $0 $0 $0 $0
+urrent 'e,t $0 $0 $0 $0 $0 $0 $0
.ota( +urrent Lia,i(ities $0 $0 $0 $0 $0 $0 $0
Long-.erm Lia,i(ities
Long-.erm 'e,t $0 $0 $0 $0 $0 $0 $0
.ota( Long-.erm Lia,i(ities $0 $0 $0 $0 $0 $0 $0
Total *iabilities $0 $0 $0 $0 $0 $0 $0
Sharehol8ers; E<)it2
Paid-in +a)ita(
Owner $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000 $"82,000
Investor $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
.ota( Paid-in +a)ita( $110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000
%etained 0arnings
Previous %etained 0arnings :$"8$,0#$; :$",84",32$; :$3,2"5,#$4; :$5,01$,52#; :$$,021,040; :$#,185,#41; :$8,01#,"5#;
+urrent 0arnings :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443; :$1,024,#01; :$831,51#; :$10",143;
.ota( %etained 0arnings :$",84",32$; :$3,2"5,#$4; :$5,01$,52#; :$$,021,040; :$#,185,#41; :$8,01#,"5#; :$8,112,400;
Total Sharehol8ers; E<)it2 $10#,44$,$04 $10$,3$3,"3$ $105,"#",403 $104,12#,2$0 $103,103,"52 $10","#1,#43 $10",1$2,$00
Total *iabilities 5 E<)it2 $10#,44$,$04 $10$,3$3,"3$ $105,"#",403 $104,12#,2$0 $103,103,"52 $10","#1,#43 $10",1$2,$00
+ear & 4alan.e Sheet Investor (et)rn
Month 8 Month 2 Month 10 Month 11 Month 1" Investment +ears Investe8
Initia( $110,000,000 5
Total $&&,,
$22,#30,3$4 $22,152,#01 $22,2#0,5#1 $10","5",1#$ $101,484,415
$30#,814 $33",0"3 $343,553 $38#,4$0 $38#,4$0 #th +ear Compan2 Earnings
$0 $0 $0 $0 $0 +om)an/ $112,453,342
$100,038,1#8 $22,421,#"4 $100,314,1"4 $10",$32,$3$ $101,8#1,8#5
I((
$0 $0 $0 $0 $0 =orma( +ase $5419
$$20,101 $##3,434 $85$,#$# $240,101 $1,0"3,434 Best +ase 80459
$0 $0 $0 $0 $0 @orst +ase 4#449
:$33,"03; :$41,"52; :$50,184; :$52,2##; :$#0,$38;
$$5$,828 $#3",1#5 $80$,583 $880,1"4 $25",#2$
$100,$25,0#$ $100,""3,822 $101,1"0,#08 $103,512,#$0 $10",8"4,$#"
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$"82,000 $"82,000 $"82,000 $"82,000 $"82,000
$110,000,000 $110,000,000 $110,000,000 $110,000,000 $110,000,000
$110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000 $110,"82,000
:$8,112,400; :$2,523,2"4; :$10,0$5,101; :$2,1$8,"2"; :$$,#$2,"40;
:$1,4#4,5"4; :$4#1,1##; $82$,802 $",322,053 :$$25,082;
:$2,523,2"4; :$10,0$5,101; :$2,1$8,"2"; :$$,#$2,"40; :$#,4$4,3"8;
$100,$25,0#$ $100,""3,822 $101,1"0,#08 $103,512,#$0 $10",8"4,$#"
$100,$25,0#$ $100,""3,822 $101,1"0,#08 $103,512,#$0 $10",8"4,$#"
Investor (et)rn 9inan.ial Overvie1
Investment -)ltiple #th +ear Bal)e Compan2 Share
340 $330,000,000 4$409 *ross %evenue
'@ $'',, %6@? *ross Pro<it
O)erating Pro<it
#th +ear -)ltiple #th +ear Compan2 Bal)e 0arning Be<ore Interest ! .a7es
$40 $#1$,#"0,025 0arnings
*ross Margin Per&entage
O)erating Pro<it Per&entage
0BI. Per&entage
0arnings Per&entage
=et +ash 5(ow
+ash Ba(an&e
9inan.ial Overvie1
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
$4",052,350 $$15,24$,2$8 $$15,24$,2$8 $$15,24$,2$8 $$15,24$,2$8
$40,534,180 $$14,3#$,043 $$14,3"8,215 $$14,"80,3#3 $$14,"30,3#5
:$#,10#,$15; $"2$,#$8,5"8 $"08,8"",1#" $"08,053,5$3 $"0$,5"4,$88
:$#,1#8,"5"; $"2$,5#",821 $"08,501,534 $"0#,$0#,2"5 $"05,254,050
:$#,1#8,"5"; $1#",01","## $1"0,230,820 $1"0,41",52# $112,453,342
2$449 224#9 224#9 224#9 224#9
-1$429 484"9 33429 33489 33459
-1#419 48419 33429 334#9 33449
-1#419 "#429 124$9 12459 12449
:$8,45",555; $1#1,"01,#"# $1"0,"45,155 $112,851,$#0 $112,0"3,28#
$101,484,415 $"#",$8$,14" $32",231,"2# $51",#8",2$# $$31,80$,254
.ota( 3our&e ! ?se o< 5unds
Investment $110,"82,000
'e,t $0
07)enses $"8$,0#$
Assets $$5,254
+ash $102,23$,2#0
8ear(/ %evenue
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
3e((er Assisted Mareting P(an $1",114,2$0 $0 $0 $0 $0
0m)(o/ee 0du4 5ormats 1 ! " $1,#10,4"" $1#,43$,34" $1#,43$,34" $1#,43$,34" $1#,43$,34"
Manager 0du4 5ormats 3 ! 4 $1,$$",304 $12,"8$,400 $12,"8$,400 $12,"8$,400 $12,"8$,400
0m)(o/er 0du4 5ormats 5 ! $ $#,800,000 $105,000,000 $105,000,000 $105,000,000 $105,000,000
3ma(( Business 0du4 5ormat # $3,8"0,#4$ $$1,"48,$00 $$1,"48,$00 $$1,"48,$00 $$1,"48,$00
Large Business 0du4 5ormat 8 $4,858,404 $2$,"51,400 $2$,"51,400 $2$,"51,400 $2$,"51,400
Pa&aged 0du4 5ormats 163656# $5,334,##3 $138,308,240 $138,308,240 $138,308,240 $138,308,240
Pa&aged 0du4 5ormats "646$68 $4,#5#,#41 $1#8,415,"8$ $1#8,415,"8$ $1#8,415,"8$ $1#8,415,"8$
8ear 1 %evenue
Month 1 Month " Month 3 Month 4 Month 5
3e((er Assisted Mareting P(an $4$5,2$0 $1,241,500 $1,241,500 $1,241,500 $1,241,500
0m)(o/ee 0du4 5ormats 1 ! " $0 $0 $0 $42,818 $"0#,5#$
Manager 0du4 5ormats 3 ! 4 $0 $0 $0 $0 $55,104
0m)(o/er 0du4 5ormats 5 ! $ $0 $0 $0 $0 $0
3ma(( Business 0du4 5ormat # $0 $0 $0 $0 $0
Large Business 0du4 5ormat 8 $0 $0 $0 $0 $0
Pa&aged 0du4 5ormats 163656# $0 $0 $0 $0 $0
Pa&aged 0du4 5ormats "646$68 $0 $0 $0 $0 $0
8ear(/ In&ome 3tatement
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
*ross %evenue $4",052,350 $$15,24$,2$8 $$15,24$,2$8 $$15,24$,2$8 $$15,24$,2$8
*ross Pro<it $40,534,180 $$14,3#$,043 $$14,3"8,215 $$14,"80,3#3 $$14,"30,3#5
O)erating Pro<it :$#,10#,$15; $"2$,#$8,5"8 $"08,8"",1#" $"08,053,5$3 $"0$,5"4,$88
0arning Be<ore Interest ! .a7es :$#,1#8,"5"; $"2$,5#",821 $"08,501,534 $"0#,$0#,2"5 $"05,254,050
0arnings :$#,1#8,"5"; $1#",01","## $1"0,230,820 $1"0,41",52# $112,453,342
8ear 1 In&ome 3tatement
Month 1 Month " Month 3 Month 4 Month 5
*ross %evenue $4$5,2$0 $1,241,500 $1,241,500 $1,221,318 $","04,180
*ross Pro<it $438,2#0 $1,213,305 $1,20#,535 $1,23",$34 $",113,$"2
O)erating Pro<it :$",555,"08; :$1,081,388; :$1,08#,285; :$1,0#0,#"#; :$1,020,11$;
0arning Be<ore Interest ! .a7es :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443; :$1,024,#01;
0arnings :$",55$,3"0; :$1,083,3$8; :$1,020,833; :$1,0#4,443; :$1,024,#01;
8ear(/ 3tatement o< +ash 5(ow
C1 81 C" 81 C3 81 C4 81 C1 8"
=et +ash 5(ow :$5,0"4,511; :$3,352,0$0; :$",323,$28; $",3"4,#14 $4",#2#,05#
+ash Ba(an&e $104,21",452 $101,553,322 $22,152,#01 $101,484,415 $144,"81,4#"
8ear 1 3tatement o< +ash 5(ow
Month 1 Month " Month 3 Month 4 Month 5
=et +ash 5(ow :$",$40,432; :$1,1#3,811; :$1,"10,"$0; :$1,"04,"$3; :$1,"13,403;
+ash Ba(an&e $10#,"2$,531 $10$,1"",#12 $104,21",452 $103,#08,12$ $10",424,#2"
Month $ Month # Month 8 Month 2 Month 10 Month 11 Month 1"
$1,241,500 $1,241,500 $0 $0 $0 $0 $0
$"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$ $"0#,5#$
$""2,$00 $""2,$00 $""2,$00 $""2,$00 $""2,$00 $""2,$00 $""2,$00
$300,000 $1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000 $1,"50,000
$0 $1#4,22$ $#"2,150 $#"2,150 $#"2,150 $#"2,150 $#"2,150
$0 $0 $"#5,004 $1,145,850 $1,145,850 $1,145,850 $1,145,850
$0 $0 $0 $325,1$8 $1,$4$,535 $1,$4$,535 $1,$4$,535
$0 $0 $0 $0 $502,#58 $",1"3,22" $",1"3,22"
Month $ Month # Month 8 Month 2 Month 10 Month 11 Month 1"
$",$#8,$#$ $3,803,$#" $",$21,330 $3,25#,344 $5,#18,4$8 $#,33",#0" $#,33",#0"
$",5$",#$4 $3,$$#,450 $",5"$,840 $3,#$1,25$ $5,50#,#13 $#,114,$"8 $#,08$,#58
:$8"$,0$4; :$25,8""; :$1,4$#,335; :$4$3,1"1; $205,#34 $",408,845 :$$84,4"8;
:$831,51#; :$10",143; :$1,4#4,5"4; :$4#1,1##; $82$,802 $",322,053 :$$25,082;
:$831,51#; :$10",143; :$1,4#4,5"4; :$4#1,1##; $82$,802 $",322,053 :$$25,082;
C" 8" C3 8" C4 8" C1 83 C" 83 C3 83 C4 83
$4",800,338 $4",803,$12 $4",800,#13 $30,05#,2$0 $30,0$1,"41 $30,0$4,5"3 $30,0$1,431
$18#,081,810 $""2,885,4"2 $"#",$8$,14" $30",#44,10" $33",805,344 $3$",8$2,8$$ $32",231,"2#
Month $ Month # Month 8 Month 2 Month 10 Month 11 Month 1"
:$241,324; :$""3,$82; :$1,522,345; :$5#0,$$3; $810,8#0 $","81,$0$ :$#$#,#$1;
$101,553,322 $101,3"2,#10 $22,#30,3$4 $22,152,#01 $22,2#0,5#1 $10","5",1#$ $101,484,415
Investment 'e,t 07)enses Assets +ash
$0
$"0,000,000
$40,000,000
$$0,000,000
$80,000,000
$100,000,000
$1"0,000,000
Total So)r.e 5 ,se o0 9)n8s
8ear 1
8ear "
8ear 3
8ear 4
8ear 5
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 (even)e ProCe.tions
3e((er Assisted Mareting P(an 0m)(o/ee 0du4 5ormats 1 ! " Manager 0du4 5ormats 3 ! 4 0m)(o/er 0du4 5ormats 5 ! $
3ma(( Business 0du4 5ormat # Large Business 0du4 5ormat 8 Pa&aged 0du4 5ormats 163656# Pa&aged 0du4 5ormats "646$68
M
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1
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3
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o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
$0
$1,000,000
$",000,000
$3,000,000
$4,000,000
$5,000,000
$$,000,000
$#,000,000
$8,000,000
+ear & (even)e ProCe.tions
Pa&aged 0du4 5ormats "646$68
Pa&aged 0du4 5ormats 163656#
Large Business 0du4 5ormat 8
3ma(( Business 0du4 5ormat #
0m)(o/er 0du4 5ormats 5 ! $
Manager 0du4 5ormats 3 ! 4
0m)(o/ee 0du4 5ormats 1 ! "
3e((er Assisted Mareting P(an
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
C1 84 C" 84 C3 84 C4 84 C1 85 C" 85 C3 85
$"2,252,$3# $"2,2$",218 $"2,2$$,122 $"2,2$",21# $"2,#51,0#5 $"2,#54,35$ $"2,#5#,$3#
$4"",820,234 $45",853,85" $48",8"0,051 $51",#8",2$# $54",534,04" $5#","88,328 $$0",04$,03$
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
M
o
n
t
h

1
M
o
n
t
h

"
M
o
n
t
h

3
M
o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
:$4,000,000;
:$",000,000;
$0
$",000,000
$4,000,000
$$,000,000
$8,000,000
+ear & In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
C
1

8
1
C
"

8
1
C
3

8
1
C
4

8
1
C
1

8
"
C
"

8
"
C
3

8
"
C
4

8
"
C
1

8
3
C
"

8
3
C
3

8
3
C
4

8
3
C
1

8
4
C
"

8
4
C
3

8
4
C
4

8
4
C
1

8
5
C
"

8
5
C
3

8
5
C
4

8
5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
D)arterl2 Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Operating 4rea=-Even
A&&umu(ated %evenue A&&umu(ated 07)enses
Month
C
1

8
1
C
"

8
1
C
3

8
1
C
4

8
1
C
1

8
"
C
"

8
"
C
3

8
"
C
4

8
"
C
1

8
3
C
"

8
3
C
3

8
3
C
4

8
3
C
1

8
4
C
"

8
4
C
3

8
4
C
4

8
4
C
1

8
5
C
"

8
5
C
3

8
5
C
4

8
5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
D)arterl2 Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
M
o
n
t
h

1
M
o
n
t
h

"
M
o
n
t
h

3
M
o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
:$"0,000,000;
$0
$"0,000,000
$40,000,000
$$0,000,000
$80,000,000
$100,000,000
$1"0,000,000
+ear & Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Operating 4rea=-Even
A&&umu(ated %evenue A&&umu(ated 07)enses
Month
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Investment Cash 9lo1 4rea=-Even
A&&umu(ated +ash %e&eived A&&umu(ated +ash ?sed
Month
Investment 'e,t 07)enses Assets +ash
$0
$"0,000,000
$40,000,000
$$0,000,000
$80,000,000
$100,000,000
$1"0,000,000
Total So)r.e 5 ,se o0 9)n8s
8ear 1
8ear "
8ear 3
8ear 4
8ear 5
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 (even)e ProCe.tions
3e((er Assisted Mareting P(an 0m)(o/ee 0du4 5ormats 1 ! " Manager 0du4 5ormats 3 ! 4 0m)(o/er 0du4 5ormats 5 ! $
3ma(( Business 0du4 5ormat # Large Business 0du4 5ormat 8 Pa&aged 0du4 5ormats 163656# Pa&aged 0du4 5ormats "646$68
M
o
n
t
h

1
M
o
n
t
h

"
M
o
n
t
h

3
M
o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
$0
$1,000,000
$",000,000
$3,000,000
$4,000,000
$5,000,000
$$,000,000
$#,000,000
$8,000,000
+ear & (even)e ProCe.tions
Pa&aged 0du4 5ormats "646$68
Pa&aged 0du4 5ormats 163656#
Large Business 0du4 5ormat 8
3ma(( Business 0du4 5ormat #
0m)(o/er 0du4 5ormats 5 ! $
Manager 0du4 5ormats 3 ! 4
0m)(o/ee 0du4 5ormats 1 ! "
3e((er Assisted Mareting P(an
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
C4 85
$"2,#$0,212
$$31,80$,254
8ear 1 8ear " 8ear 3 8ear 4 8ear 5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
+earl2 In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
M
o
n
t
h

1
M
o
n
t
h

"
M
o
n
t
h

3
M
o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
:$4,000,000;
:$",000,000;
$0
$",000,000
$4,000,000
$$,000,000
$8,000,000
+ear & In.ome Statement
*ross %evenue
*ross Pro<it
O)erating Pro<it
0arning Be<ore Interest ! .a7es
0arnings
C
1

8
1
C
"

8
1
C
3

8
1
C
4

8
1
C
1

8
"
C
"

8
"
C
3

8
"
C
4

8
"
C
1

8
3
C
"

8
3
C
3

8
3
C
4

8
3
C
1

8
4
C
"

8
4
C
3

8
4
C
4

8
4
C
1

8
5
C
"

8
5
C
3

8
5
C
4

8
5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
D)arterl2 Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Operating 4rea=-Even
A&&umu(ated %evenue A&&umu(ated 07)enses
Month
C
1

8
1
C
"

8
1
C
3

8
1
C
4

8
1
C
1

8
"
C
"

8
"
C
3

8
"
C
4

8
"
C
1

8
3
C
"

8
3
C
3

8
3
C
4

8
3
C
1

8
4
C
"

8
4
C
3

8
4
C
4

8
4
C
1

8
5
C
"

8
5
C
3

8
5
C
4

8
5
:$100,000,000;
$0
$100,000,000
$"00,000,000
$300,000,000
$400,000,000
$500,000,000
$$00,000,000
$#00,000,000
D)arterl2 Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
M
o
n
t
h

1
M
o
n
t
h

"
M
o
n
t
h

3
M
o
n
t
h

4
M
o
n
t
h

5
M
o
n
t
h

$
M
o
n
t
h

#
M
o
n
t
h

8
M
o
n
t
h

2
M
o
n
t
h

1
0
M
o
n
t
h

1
1
M
o
n
t
h

1
"
:$"0,000,000;
$0
$"0,000,000
$40,000,000
$$0,000,000
$80,000,000
$100,000,000
$1"0,000,000
+ear & Statement o0 Cash 9lo1
=et +ash 5(ow +ash Ba(an&e
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Operating 4rea=-Even
A&&umu(ated %evenue A&&umu(ated 07)enses
Month
1 " 3 4 5 $ # 8 2 10 11 1" 13 14 15 1$ 1# 18 12 "0 "1 "" "3 "4 "5 "$ "# "8 "2 30 31 3" 33 34 35 3$ 3# 38 32 40 41 4" 43 44 45 4$ 4# 48 42 50 51 5" 53 54 55 5$ 5# 58 52 $0
$0
$500,000,000
$1,000,000,000
$1,500,000,000
$",000,000,000
$",500,000,000
$3,000,000,000
Investment Cash 9lo1 4rea=-Even
A&&umu(ated +ash %e&eived A&&umu(ated +ash ?sed
Month

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