Medical Device, Inc.

Cash Summary and Forecast

Date: 11/20/2019

FY / Qtr FY 19 Q1 FY 19 Q2
Beg Period 3/16/2019 4/1/2019 4/16/2019 5/1/2019 5/16/2019 6/1/2019 6/16/2019
Ending Period 3/31/2019 4/15/2019 4/30/2019 5/15/2019 5/31/2019 6/15/2019 6/30/2019
Actual Est Est Est Est Est Est

Beginning Cash 200,000 350,000 244,138 231,894 413,270 630,151 725,277

Cash Collections
Acct Rec (net) 69,807 0 0 0 0 0 0

Sale of stock 260,401

Stockholders' Loan

Bank Line
Future Sales Collect Proj (45 Days) 105,000 45,000
Future Sales Collect Proj (60 Days) 250,000 175,000 300,000 146,250 168,750
Total Cash Collected 330,208 250,000 175,000 300,000 251,250 213,750 0
YTD Average (Monthly)
Cash Expended

Payroll & Taxes 83,020 82,000 82,000

Contractors 4,369 6,469 4,369 6,469 4,369 6,469 4,369

Benefits 20,910 22,613 0 22,600 22,600

Subtotal 108,299 111,082 86,369 29,069 4,369 29,069 4,369
YTD Average (Monthly)

Cost of Sale Vendor Payments 35,203 155,225 70,875 0 0 0 0

Equipment Purchase 0 0 0 0 0 0 0

Tradeshows 7,500 0 0 0 0 0 0
Rent 0 19,555 0 19,555 0 19,555 0

Bank repayments 0 0 0 0 0 0 0

Legal, patents, etc.

Other 29,206 70,000 30,000 70,000 30,000 70,000 30,000

Subtotal 71,909 244,780 100,875 89,555 30,000 89,555 30,000
Total Cash Expended 180,208 355,862 187,244 118,624 34,369 118,624 34,369
YTD Average (Monthly)
Net Cashflow 150,000 (105,862) (12,244) 181,376 216,881 95,126 (34,369)

Ending Cash 350,000 244,138 231,894 413,270 630,151 725,277 690,908

Period Future sales projections:

SALES 350,000 225,000 225,000 325,000 375,000 375,000 300,000
Cost of Sales 172,472 78,750 78,750 113,750 131,250 131,250 105,000
Gross Profit 177,528 146,250 146,250 211,250 243,750 243,750 195,000

GM % 50.7% 65.0% 65.0% 65.0% 65.0% 65.0% 65.0%

Cash collected in 45 days 65.0% 65.0% 65.0% 65.0% 75.0% 75.0%

Cash collected in 60 days 30.0% 30.0% 30.0% 30.0% 20.0% 20.0%

Backlog 884,871
YTD
SALES 1,699,458 1,924,458 2,149,458 2,474,458 2,849,458 3,224,458 3,524,458
CGS 503,149 581,899 660,649 774,399 905,649 1,036,899 1,141,899
GP 1,196,309 1,342,559 1,488,809 1,700,059 1,943,809 2,187,559 2,382,559
GM % 70.4% 69.8% 69.3% 68.7% 68.2% 67.8% 67.6%
Accounts Receivable Balance:
Beginning Balance 625,000 600,000 (DON'T WORRY ABOUT THIS FOR NOW.)
Sales Made 225,000
Collections (250,000)
Ending Balance 600,000

Bank Loan Balance 0 0

Borrowing Base Calculations

A/R Balance 600,000
Amount of Borrowing Allowed 75.0%
Amount Allowed 450,000

Bank loan "cushion" or deficit 450,000

file:///conversion/tmp/scratch/450200598.xlsx