QR Shopper

Author
Date
To perform a financial analysis for a startup tech
Purpose company in Rochester, New York
QR Shopper
Pro Forma Income Statement
Percent Cost of Sales & Marketing 22%
Percent Cost of Research and Development 13%
Assumed Tax Rate 32%

Income Year 1 Year 2 Year 3 Year 4 Year 5

Sales $ 800,000 $ 1,050,000 $ 1,300,000 $ 1,550,000 $ 1,800,000
Cost of Sales & Marketing 176,000 231,000 286,000 341,000 396,000
Cost of Research and Development 104,000 136,500 169,000 201,500 234,000
GROSS PROFIT 520,000 682,500 845,000 1,007,500 1,170,000

Expenses Year 1 Year 2 Year 3 Year 4 Year 5

Payroll (13% increased) $ 360,000 $ 406,800 $ 459,684 $ 519,443 $ 586,970
Utilities (5% increased) $ 50,000 $ 52,500 $ 55,125 $ 57,881 $ 60,775
Licensing (5% increased) $ 25,000 $ 26,250 $ 27,563 $ 28,941 $ 30,388
Occupancy Costs (5% increased) $ 45,000 $ 47,250 $ 49,613 $ 52,093 $ 54,698
Insurance (5% increased) $ 20,000 $ 21,000 $ 22,050 $ 23,153 $ 24,310
Miscellaneous Expenses (5% increased) $ 15,000 $ 15,750 $ 16,538 $ 17,364 $ 18,233
TOTAL GENERAL EXPENSES 515,000 569,550 630,572 698,875 775,374

Earnings Year 1 Year 2 Year 3 Year 4 Year 5

Initial Earnings $ 5,000 $ 112,950 $ 214,429 $ 308,625 $ 394,626
Depreciation 25,800 22,472 19,573 17,048 14,849
Operating Profit (20,800) 90,478 194,856 291,577 379,777

Interest Expense 18,659 14,978 11,110 7,044 2,772

Pretax Profit (39,459) 75,500 183,746 284,533 377,006

Taxes Liability - 24,160 58,799 91,051 120,642

After-Tax Profit $ (39,459) $ 51,340 $ 124,947 $ 193,482 $ 256,364

565114778.xlsx Income Statement 12/17/2021

QR Shopper
Depreciation
Long-Term Assets (Cost) $ 200,000
Salvage Value (Salvage) $ 50,000
Life of Asset (Life) 10

Year
Straight-Line (SLN) 1 2 3 4 5
Yearly Depreciation 15,000 15,000 15,000 15,000 15,000
Cumulative Depreciation 15,000 30,000 45,000 60,000 75,000
Depreciated Asset Value $ 185,000 $ 170,000 $ 155,000 $ 140,000 $ 125,000

Year
Declining Balance (DB) 1 2 3 4 5
Yearly Depreciation 25,800 22,472 19,573 17,048 14,849
Cumulative Depreciation 25,800 48,272 67,845 84,893 99,742
Depreciated Asset Value $ 174,200 $ 177,528 $ 180,427 $ 182,952 $ 185,151

565114778.xlsx Depreciation 12/17/2021

QR Shopper
Loan Analysis
Annual Interest Rate 5%

Financial Value Business Loan Future Value Years Payments per Payments Annual Rate Rate per Quarter Quarterly Payments
(PV) (FV) Year (NPER) (RATE) (PMT)

Quarterly Payment (PMT) $ 500,000 $ - 3 12 36 5.00% 0.42% $ (14,985)

Future Value (FV) $ 400,000 $ 9 4 4 18 5.00% 1.25% $ (25,000)
Payments (NPER) $ 450,000 $ - 7.8919985 4 31.57 6.00% 1.50% $ (18,000)
Business Loan (PV) $ 1,034,511 $ - 5 12 60 6.00% 0.50% $ (20,000)

565114778.xlsx Loan Analysis 12/17/2021

QR Shopper
Loan Schedule
Loan (PV) Annual Rate Payments per Rate per Period Years Payments Payment Loan (PV) Annual Payments Rate per Years Payments Payment
Year (RATE) (NPER) (PMT) Rate per Year Period (NPER) (PMT)
(RATE)

$400,000 5.00% 4 1.25% 5 20 ($22,728) $1,500,000 8.50% 12 0.71% 15 181 ($14,731)

Amortization Schedule
Year Period Remaining Interest Principal Total Payment
Principal Payment (IPMT) Payment (PPMT)
1 1 $ 400,000 $ (5,000) $ (17,728) $ (22,728) 1 $1,500,000 $ (10,625) $ (4,106) $ (14,731)
1 2 $ 382,272 $ (4,778) $ (17,950) $ (22,728) 2 $ 1,495,894 $ (10,596) $ (4,135) $ (14,731)
1 3 $ 364,322 $ (4,554) $ (18,174) $ (22,728) 3 $ 1,491,760 $ (10,567) $ (4,164) $ (14,731)
1 4 $ 346,148 $ (4,327) $ (18,401) $ (22,728) 4 $ 1,487,596 $ (10,537) $ (4,194) $ (14,731)
2 5 $ 327,747 $ (4,097) $ (18,631) $ (22,728) 5 $ 1,483,402 $ (10,507) $ (4,223) $ (14,731)
2 6 $ 309,115 $ (3,864) $ (18,864) $ (22,728) 6 $ 1,479,179 $ (10,478) $ (4,253) $ (14,731)
2 7 $ 290,251 $ (3,628) $ (19,100) $ (22,728) 7 $ 1,474,926 $ (10,447) $ (4,283) $ (14,731)
2 8 $ 271,151 $ (3,389) $ (19,339) $ (22,728) 8 $ 1,470,642 $ (10,417) $ (4,314) $ (14,731)
3 9 $ 251,812 $ (3,148) $ (19,581) $ (22,728) 9 $ 1,466,329 $ (10,386) $ (4,344) $ (14,731)
3 10 $ 232,232 $ (2,903) $ (19,825) $ (22,728) 10 $ 1,461,985 $ (10,356) $ (4,375) $ (14,731)
3 11 $ 212,407 $ (2,655) $ (20,073) $ (22,728) 11 $ 1,457,610 $ (10,325) $ (4,406) $ (14,731)
3 12 $ 192,333 $ (2,404) $ (20,324) $ (22,728) 12 $ 1,453,204 $ (10,294) $ (4,437) $ (14,731)
4 13 $ 172,010 $ (2,150) $ (20,578) $ (22,728) 13 $ 1,448,767 $ (10,262) $ (4,469) $ (14,731)
4 14 $ 151,431 $ (1,893) $ (20,835) $ (22,728) 14 $ 1,444,298 $ (10,230) $ (4,500) $ (14,731)
4 15 $ 130,596 $ (1,632) $ (21,096) $ (22,728) 15 $ 1,439,798 $ (10,199) $ (4,532) $ (14,731)
4 16 $ 109,501 $ (1,369) $ (21,359) $ (22,728) 16 $ 1,435,266 $ (10,166) $ (4,564) $ (14,731)
5 17 $ 88,141 $ (1,102) $ (21,626) $ (22,728) 17 $ 1,430,702 $ (10,134) $ (4,597) $ (14,731)
5 18 $ 66,515 $ (831) $ (21,897) $ (22,728) 18 $ 1,426,105 $ (10,102) $ (4,629) $ (14,731)
5 19 $ 44,618 $ (558) $ (22,170) $ (22,728) 19 $ 1,421,476 $ (10,069) $ (4,662) $ (14,731)
5 20 $ 22,448 $ (281) $ (22,448) $ (22,728) 20 $ 1,416,814 $ (10,036) $ (4,695) $ (14,731)
Final Balance $0.00 21 $ 1,412,119 $ (10,003) $ (4,728) $ (14,731)
22 $ 1,407,391 $ (9,969) $ (4,762) $ (14,731)
23 $ 1,402,629 $ (9,935) $ (4,795) $ (14,731)
Cumulative Interest and Principal Payments per Year (CUMIPMT, CUMPRINC) 24 $ 1,397,834 $ (9,901) $ (4,829) $ (14,731)
Year 1 Year 2 Year 3 Year 4 Year 5 25 $ 1,393,005 $ (9,867) $ (4,864) $ (14,731)
1 5 9 13 17
Quarters

26 $ 1,388,141 $ (9,833) $ (4,898) $ (14,731)

4 8 12 16 20
Total 27 $ 1,383,243 $ (9,798) $ (4,933) $ (14,731)
Interest ($18,659) ($14,978) ($11,110) ($7,044) ($2,772) ($54,563) 28 $ 1,378,310 $ (9,763) $ (4,968) $ (14,731)
Principal ($72,253) ($75,934) ($79,803) ($83,868) ($88,141) ($400,000) 29 $ 1,373,343 $ (9,728) $ (5,003) $ (14,731)
Principal Remaining $327,747 $251,812 $172,010 $88,141 $0 30 $ 1,368,340 $ (9,692) $ (5,038) $ (14,731)
31 $ 1,363,302 $ (9,657) $ (5,074) $ (14,731)
32 $ 1,358,228 $ (9,621) $ (5,110) $ (14,731)
33 $ 1,353,118 $ (9,585) $ (5,146) $ (14,731)
34 $ 1,347,972 $ (9,548) $ (5,183) $ (14,731)
35 $ 1,342,789 $ (9,511) $ (5,219) $ (14,731)
36 $ 1,337,570 $ (9,474) $ (5,256) $ (14,731)
37 $ 1,332,314 $ (9,437) $ (5,293) $ (14,731)
38 $ 1,327,020 $ (9,400) $ (5,331) $ (14,731)
39 $ 1,321,689 $ (9,362) $ (5,369) $ (14,731)
40 $ 1,316,321 $ (9,324) $ (5,407) $ (14,731)
41 $ 1,310,914 $ (9,286) $ (5,445) $ (14,731)
42 $ 1,305,469 $ (9,247) $ (5,484) $ (14,731)
43 $ 1,299,985 $ (9,208) $ (5,522) $ (14,731)
44 $ 1,294,463 $ (9,169) $ (5,562) $ (14,731)
45 $ 1,288,901 $ (9,130) $ (5,601) $ (14,731)
46 $ 1,283,300 $ (9,090) $ (5,641) $ (14,731)
47 $ 1,277,660 $ (9,050) $ (5,681) $ (14,731)
48 $ 1,271,979 $ (9,010) $ (5,721) $ (14,731)
49 $ 1,266,258 $ (8,969) $ (5,761) $ (14,731)
50 $ 1,260,497 $ (8,929) $ (5,802) $ (14,731)
51 $ 1,254,695 $ (8,887) $ (5,843) $ (14,731)
52 $ 1,248,852 $ (8,846) $ (5,885) $ (14,731)
53 $ 1,242,967 $ (8,804) $ (5,926) $ (14,731)
54 $ 1,237,041 $ (8,762) $ (5,968) $ (14,731)
55 $ 1,231,073 $ (8,720) $ (6,011) $ (14,731)
56 $ 1,225,062 $ (8,678) $ (6,053) $ (14,731)
57 $ 1,219,009 $ (8,635) $ (6,096) $ (14,731)
58 $ 1,212,913 $ (8,591) $ (6,139) $ (14,731)
59 $ 1,206,774 $ (8,548) $ (6,183) $ (14,731)
60 $ 1,200,591 $ (8,504) $ (6,226) $ (14,731)
61 $ 1,194,364 $ (8,460) $ (6,271) $ (14,731)
62 $ 1,188,094 $ (8,416) $ (6,315) $ (14,731)
63 $ 1,181,779 $ (8,371) $ (6,360) $ (14,731)
64 $ 1,175,419 $ (8,326) $ (6,405) $ (14,731)
65 $ 1,169,014 $ (8,281) $ (6,450) $ (14,731)
66 $ 1,162,564 $ (8,235) $ (6,496) $ (14,731)
67 $ 1,156,068 $ (8,189) $ (6,542) $ (14,731)
68 $ 1,149,527 $ (8,142) $ (6,588) $ (14,731)
69 $ 1,142,938 $ (8,096) $ (6,635) $ (14,731)
70 $ 1,136,303 $ (8,049) $ (6,682) $ (14,731)
71 $ 1,129,622 $ (8,001) $ (6,729) $ (14,731)
72 $ 1,122,892 $ (7,954) $ (6,777) $ (14,731)
73 $ 1,116,116 $ (7,906) $ (6,825) $ (14,731)
74 $ 1,109,291 $ (7,857) $ (6,873) $ (14,731)
75 $ 1,102,418 $ (7,809) $ (6,922) $ (14,731)
76 $ 1,095,496 $ (7,760) $ (6,971) $ (14,731)
77 $ 1,088,525 $ (7,710) $ (7,020) $ (14,731)
78 $ 1,081,505 $ (7,661) $ (7,070) $ (14,731)
79 $ 1,074,435 $ (7,611) $ (7,120) $ (14,731)
80 $ 1,067,314 $ (7,560) $ (7,171) $ (14,731)
81 $ 1,060,144 $ (7,509) $ (7,221) $ (14,731)
82 $ 1,052,923 $ (7,458) $ (7,272) $ (14,731)
83 $ 1,045,650 $ (7,407) $ (7,324) $ (14,731)
84 $ 1,038,326 $ (7,355) $ (7,376) $ (14,731)
85 $ 1,030,950 $ (7,303) $ (7,428) $ (14,731)
86 $ 1,023,522 $ (7,250) $ (7,481) $ (14,731)
87 $ 1,016,041 $ (7,197) $ (7,534) $ (14,731)
88 $ 1,008,508 $ (7,144) $ (7,587) $ (14,731)
89 $ 1,000,921 $ (7,090) $ (7,641) $ (14,731)
90 $ 993,280 $ (7,036) $ (7,695) $ (14,731)
91 $ 985,585 $ (6,981) $ (7,749) $ (14,731)
92 $ 977,836 $ (6,926) $ (7,804) $ (14,731)
93 $ 970,031 $ (6,871) $ (7,860) $ (14,731)
94 $ 962,172 $ (6,815) $ (7,915) $ (14,731)
95 $ 954,256 $ (6,759) $ (7,971) $ (14,731)
96 $ 946,285 $ (6,703) $ (8,028) $ (14,731)
97 $ 938,257 $ (6,646) $ (8,085) $ (14,731)
98 $ 930,173 $ (6,589) $ (8,142) $ (14,731)
99 $ 922,031 $ (6,531) $ (8,200) $ (14,731)
100 $ 913,831 $ (6,473) $ (8,258) $ (14,731)
101 $ 905,573 $ (6,414) $ (8,316) $ (14,731)
102 $ 897,257 $ (6,356) $ (8,375) $ (14,731)
103 $ 888,882 $ (6,296) $ (8,434) $ (14,731)
104 $ 880,448 $ (6,237) $ (8,494) $ (14,731)
105 $ 871,953 $ (6,176) $ (8,554) $ (14,731)
106 $ 863,399 $ (6,116) $ (8,615) $ (14,731)
107 $ 854,784 $ (6,055) $ (8,676) $ (14,731)
108 $ 846,108 $ (5,993) $ (8,737) $ (14,731)
109 $ 837,371 $ (5,931) $ (8,799) $ (14,731)
110 $ 828,572 $ (5,869) $ (8,862) $ (14,731)
111 $ 819,710 $ (5,806) $ (8,924) $ (14,731)
112 $ 810,786 $ (5,743) $ (8,988) $ (14,731)
113 $ 801,798 $ (5,679) $ (9,051) $ (14,731)
114 $ 792,747 $ (5,615) $ (9,115) $ (14,731)
115 $ 783,631 $ (5,551) $ (9,180) $ (14,731)
116 $ 774,451 $ (5,486) $ (9,245) $ (14,731)
117 $ 765,206 $ (5,420) $ (9,310) $ (14,731)
118 $ 755,896 $ (5,354) $ (9,376) $ (14,731)
119 $ 746,520 $ (5,288) $ (9,443) $ (14,731)
120 $ 737,077 $ (5,221) $ (9,510) $ (14,731)
121 $ 727,567 $ (5,154) $ (9,577) $ (14,731)
122 $ 717,990 $ (5,086) $ (9,645) $ (14,731)
123 $ 708,345 $ (5,017) $ (9,713) $ (14,731)
124 $ 698,632 $ (4,949) $ (9,782) $ (14,731)
125 $ 688,850 $ (4,879) $ (9,851) $ (14,731)
126 $ 678,998 $ (4,810) $ (9,921) $ (14,731)
127 $ 669,077 $ (4,739) $ (9,991) $ (14,731)
128 $ 659,086 $ (4,669) $ (10,062) $ (14,731)
129 $ 649,024 $ (4,597) $ (10,133) $ (14,731)
130 $ 638,890 $ (4,525) $ (10,205) $ (14,731)
131 $ 628,685 $ (4,453) $ (10,277) $ (14,731)
132 $ 618,408 $ (4,380) $ (10,350) $ (14,731)
133 $ 608,058 $ (4,307) $ (10,424) $ (14,731)
134 $ 597,634 $ (4,233) $ (10,497) $ (14,731)
135 $ 587,137 $ (4,159) $ (10,572) $ (14,731)
136 $ 576,565 $ (4,084) $ (10,647) $ (14,731)
137 $ 565,918 $ (4,009) $ (10,722) $ (14,731)
138 $ 555,196 $ (3,933) $ (10,798) $ (14,731)
139 $ 544,398 $ (3,856) $ (10,875) $ (14,731)
140 $ 533,523 $ (3,779) $ (10,952) $ (14,731)
141 $ 522,572 $ (3,702) $ (11,029) $ (14,731)
142 $ 511,543 $ (3,623) $ (11,107) $ (14,731)
143 $ 500,436 $ (3,545) $ (11,186) $ (14,731)
144 $ 489,250 $ (3,466) $ (11,265) $ (14,731)
145 $ 477,985 $ (3,386) $ (11,345) $ (14,731)
146 $ 466,640 $ (3,305) $ (11,425) $ (14,731)
147 $ 455,214 $ (3,224) $ (11,506) $ (14,731)
148 $ 443,708 $ (3,143) $ (11,588) $ (14,731)
149 $ 432,120 $ (3,061) $ (11,670) $ (14,731)
150 $ 420,451 $ (2,978) $ (11,752) $ (14,731)
151 $ 408,698 $ (2,895) $ (11,836) $ (14,731)
152 $ 396,862 $ (2,811) $ (11,920) $ (14,731)
153 $ 384,943 $ (2,727) $ (12,004) $ (14,731)
154 $ 372,939 $ (2,642) $ (12,089) $ (14,731)
155 $ 360,850 $ (2,556) $ (12,175) $ (14,731)
156 $ 348,675 $ (2,470) $ (12,261) $ (14,731)
157 $ 336,414 $ (2,383) $ (12,348) $ (14,731)
158 $ 324,067 $ (2,295) $ (12,435) $ (14,731)
159 $ 311,631 $ (2,207) $ (12,523) $ (14,731)
160 $ 299,108 $ (2,119) $ (12,612) $ (14,731)
161 $ 286,496 $ (2,029) $ (12,701) $ (14,731)
162 $ 273,795 $ (1,939) $ (12,791) $ (14,731)
163 $ 261,003 $ (1,849) $ (12,882) $ (14,731)
164 $ 248,122 $ (1,758) $ (12,973) $ (14,731)
165 $ 235,148 $ (1,666) $ (13,065) $ (14,731)
166 $ 222,083 $ (1,573) $ (13,158) $ (14,731)
167 $ 208,926 $ (1,480) $ (13,251) $ (14,731)
168 $ 195,675 $ (1,386) $ (13,345) $ (14,731)
169 $ 182,330 $ (1,292) $ (13,439) $ (14,731)
170 $ 168,891 $ (1,196) $ (13,534) $ (14,731)
171 $ 155,357 $ (1,100) $ (13,630) $ (14,731)
172 $ 141,727 $ (1,004) $ (13,727) $ (14,731)
173 $ 128,000 $ (907) $ (13,824) $ (14,731)
174 $ 114,176 $ (809) $ (13,922) $ (14,731)
175 $ 100,254 $ (710) $ (14,021) $ (14,731)
176 $ 86,234 $ (611) $ (14,120) $ (14,731)
177 $ 72,114 $ (511) $ (14,220) $ (14,731)
178 $ 57,894 $ (410) $ (14,321) $ (14,731)
179 $ 43,573 $ (309) $ (14,422) $ (14,731)
180 $ 29,151 $ (206) $ (14,524) $ (14,731)
181 $ 14,627 $ (104) $ (14,627) $ (14,731)

565114778.xlsx Loan Schedule 12/17/2021