#REF!

#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget BUDGET.
January February March April May June July August September October November December
Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Total

RECURRING REVENUE- 2,449,786 2,508,142 2,516,138 2,581,938 2,615,661 2,687,498 2,778,425 2,850,574 2,916,930 2,982,464 3,044,102 3,116,458 33,048,117
41110 - Recurring Revenues 834,227 856,933 863,849 892,534 908,827 941,332 966,635 999,263 1,028,969 1,058,363 1,086,274 1,118,980 11,556,187
41110 - Recurring Revenues 40,160 40,897 40,038 40,776 41,498 42,236 42,964 43,702 44,440 45,177 45,912 46,650 514,449
POWER REVENUE- 874,387 897,831 903,887 933,309 950,325 983,568 1,009,599 1,042,965 1,073,408 1,103,539 1,132,187 1,165,631 12,070,636
INSTALLATION REVENUE- 118,636 118,636 118,636 118,636 118,636 118,636 118,636 118,636 118,636 118,636 118,636 118,636 1,423,637
OTHER REVENUE- 99,719 99,719 99,719 99,719 99,719 99,719 99,719 99,719 99,719 99,719 99,719 99,719 1,196,630
-
TOTAL REVENUE. 3,542,529 3,624,329 3,638,381 3,733,603 3,784,342 3,889,421 4,006,380 4,111,894 4,208,694 4,304,359 4,394,645 4,500,445 47,739,020

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 245,852 265,438 283,855 315,491 319,257 319,264 319,278 319,243 319,312 323,414 323,414 323,414 3,677,232
US610 - RECRUITING AND RELOCATION 0 9,000 3,000 15,000 0 0 0 0 0 3,000 0 0 30,000
US620 - TRAINING AND SUBSCRIPTIONS 8,850 9,683 9,850 10,683 10,683 10,683 10,683 10,683 10,683 10,850 10,850 10,850 125,033
US630 - TRAVEL 37,796 42,794 43,669 45,152 45,152 45,614 45,614 45,614 45,614 46,489 46,489 46,489 536,490
US640 - ENTERTAINMENT 6,837 7,550 7,712 8,330 8,330 8,330 8,330 8,330 8,330 8,492 8,492 8,492 97,551
US650 - OFFICE EXPENSES 15,580 15,580 16,580 16,580 16,580 15,580 15,580 15,580 15,580 15,580 15,580 15,580 189,960
US660 - RENT AND FACILITY COSTS 67,211 67,211 67,211 67,211 67,211 67,211 67,211 67,211 67,211 67,211 67,211 67,211 806,532
US670 - OUTSIDE SERVICES CONSULTING 200,000 200,000 200,000 209,000 209,000 209,000 209,000 209,000 209,000 209,000 209,000 209,000 2,481,000
US680 - REPAIRS AND MAINTENANCE 97,625 97,625 97,625 97,625 97,625 97,625 97,625 97,625 115,625 115,625 115,625 115,625 1,243,500
US690 - UTILITIES 416,241 425,434 434,910 419,526 420,546 412,627 413,003 412,497 421,410 446,662 449,558 453,754 5,126,166
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 11,647 11,647 11,647 11,647 11,647 7,785 7,785 7,785 7,785 7,785 7,785 7,785 112,730
US750 - OTHER OPERATING EXPENSE 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 298,385 298,385 298,385 298,385 298,385 298,385 298,385 298,385 298,385 298,385 298,385 298,385 3,580,620
US730 - DEPRECIATION 219,348 221,348 223,348 225,348 227,348 229,348 231,348 233,348 235,348 237,348 239,348 241,348 2,764,180
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 424,957
-
Total COR Expense 1,662,284 1,708,608 1,734,705 1,776,892 1,768,678 1,758,366 1,760,756 1,762,215 1,791,197 1,826,754 1,828,650 1,834,846 21,213,952

Total COR Cash Expense 1,407,523 1,451,847 1,475,943 1,516,130 1,505,916 1,493,605 1,493,994 1,493,454 1,520,435 1,553,993 1,553,889 1,558,085 18,024,815

Gross Profit 1,880,244 1,915,720 1,903,676 1,956,711 2,015,664 2,131,055 2,245,624 2,349,679 2,417,497 2,477,605 2,565,994 2,665,598 26,525,068
Gross Profit Margin % 53% 53% 52% 52% 53% 55% 56% 57% 57% 58% 58% 59% 56%

Cash Gross Profit 2,135,006 2,172,482 2,162,438 2,217,472 2,278,425 2,395,816 2,512,385 2,618,440 2,688,258 2,750,366 2,840,756 2,942,360 29,714,205
Cash Gross Profit Margin % 60% 60% 59% 59% 60% 62% 63% 64% 64% 64% 65% 65% 62%

SALES & MARKETING, GENERAL & ADMIN.

US600 - SALARIES AND BENEFITS. 357,040 366,042 383,861 408,777 408,747 408,753 395,381 376,478 372,977 382,118 382,118 382,118 4,624,410
US610 - RECRUITING AND RELOCATION. 0 0 6,000 6,000 0 0 0 3,000 0 0 0 0 15,000
US620 - TRAINING AND SUBSCRIPTIONS. 8,358 8,358 8,692 8,858 8,858 8,858 8,858 8,025 7,858 7,858 7,858 7,858 100,300
US630 - TRAVEL. 35,160 36,260 37,860 39,710 39,710 39,710 39,710 38,031 37,531 37,531 37,531 37,531 456,276
US640 - ENTERTAINMENT. 7,571 7,571 7,894 8,056 8,056 8,056 8,056 7,247 7,086 7,086 7,086 7,086 90,847
US650 - OFFICE EXPENSES. 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 45,600
US660 - RENT AND FACILITY COSTS. 650 650 650 650 650 650 650 650 650 650 650 650 7,800
US670 - OUTSIDE SERVICES CONSULTING. 19,500 19,500 19,500 33,500 19,500 19,500 4,500 4,500 4,500 10,500 4,500 4,500 164,000
US680 - REPAIRS AND MAINTENANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US690 - UTILITIES. 4,750 4,750 4,875 5,000 5,000 4,875 4,875 4,125 4,000 4,000 4,000 4,000 54,250
US700 - ADVERTISING AND PROMOTIONS. 37,083 37,083 37,083 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 565,000
US710 - TAXES, LICENSES AND INSURANCE. 7,000 7,000 7,000 7,000 7,000 8,500 8,500 8,500 8,500 8,500 8,500 8,500 94,500
US750 - OTHER OPERATING EXPENSE. 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 33,000
US755 - BAD DEBT EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US720 - OTHER COST OF SALES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US730 - DEPRECIATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US735 - AMORTIZATION. 33,000 33,000 33,000 33,000 33,000 33,000 33,000 33,000 33,000 33,000 33,000 33,000 396,000
US740 - ACCRETION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US760 - STOCK BASED COMPENSATION EXPENSE. 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 936,605

Total SG&A Expense 594,713 604,814 631,015 685,568 665,537 666,919 638,546 618,574 611,119 626,261 620,261 620,261 7,583,588

Total SG&A Cash Expense 483,662 493,764 519,965 574,518 554,487 555,868 527,496 507,524 500,069 515,210 509,210 509,210 6,250,983

Total Cash Expense 1,891,185 1,945,611 1,995,908 2,090,648 2,060,403 2,049,473 2,021,490 2,000,977 2,020,504 2,069,203 2,063,099 2,067,295 24,275,798
Total Cash Expense % 53% 54% 55% 56% 54% 53% 50% 49% 48% 48% 47% 46% 51%

Total Non Cash Expense 365,812 367,812 369,812 371,812 373,812 375,812 377,812 379,812 381,812 383,812 385,812 387,812 4,521,742

Total Expenses 2,256,997 2,313,423 2,365,720 2,462,460 2,434,215 2,425,285 2,399,302 2,380,789 2,402,316 2,453,015 2,448,911 2,455,107 28,797,540
Total Expense % 64% 64% 65% 66% 64% 62% 60% 58% 57% 57% 56% 55% 60%

EBIT - 1,285,532 1,310,906 1,272,661 1,271,143 1,350,126 1,464,136 1,607,077 1,731,105 1,806,378 1,851,344 1,945,734 2,045,338 18,941,480

Printed 05/27/2023 16:52:42 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget BUDGET.
January February March April May June July August September October November December
Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Netherlands Legal Total

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0
US815 - INTERCOMPANY INTEREST 0 0 957,754 0 0 974,901 0 0 992,309 0 0 999,122 3,924,086
US820 - FOREIGN EXCHANGE 0 0 0 0 0 0 0 0 0 0 0 0 0
US825 - ALLOCATED INCOMES/COSTS 0 0 1,196,886 0 0 1,196,886 0 0 1,196,886 0 0 1,196,886 4,787,545
US830 - OTHER INCOME AND EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense 0 0 2,154,640 0 0 2,171,787 0 0 2,189,195 0 0 2,196,009 8,711,631
Total Other Expense % 0% 0% 59% 0% 0% 56% 0% 0% 52% 0% 0% 49% 18%

Net Income - 1,285,532 1,310,906 (881,979) 1,271,143 1,350,126 (707,651) 1,607,077 1,731,105 (382,817) 1,851,344 1,945,734 (150,671) 10,229,849
Net Income % 36% 36% -24% 34% 36% -18% 40% 42% -9% 43% 44% -3%

EBITDA - 1,651,343 1,678,718 1,642,473 1,642,954 1,723,938 1,839,948 1,984,889 2,110,917 2,188,189 2,235,156 2,331,546 2,433,150 23,463,222
EBITDA Margin % 47% 46% 45% 44% 46% 47% 50% 51% 52% 52% 53% 54% 49%

Printed 05/27/2023 16:52:42 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV 583 - Equinix Netherlands BV Total

RECURRING REVENUE- 1,688,568 1,737,568 1,741,950 1,798,393 1,822,761 1,885,241 1,966,811 2,029,604 2,086,604 2,142,782 2,195,064 2,258,064 23,353,411
41110 - Recurring Revenues 719,899 741,898 749,292 777,269 792,855 824,653 849,249 881,169 910,168 938,854 966,059 998,057 10,149,423
41110 - Recurring Revenues 409 411 387 388 374 375 367 368 370 371 370 371 4,561
POWER REVENUE- 720,309 742,309 749,679 777,658 793,229 825,028 849,616 881,538 910,538 939,225 966,428 998,428 10,153,984
INSTALLATION REVENUE- 90,292 90,292 90,292 90,292 90,292 90,292 90,292 90,292 90,292 90,292 90,292 90,292 1,083,499
OTHER REVENUE- 74,119 74,119 74,119 74,119 74,119 74,119 74,119 74,119 74,119 74,119 74,119 74,119 889,434
-
TOTAL REVENUE. 2,573,288 2,644,288 2,656,040 2,740,462 2,780,401 2,874,680 2,980,839 3,075,553 3,161,553 3,246,418 3,325,904 3,420,904 35,480,328

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 157,644 177,028 186,933 214,098 217,898 217,898 217,898 217,898 217,898 222,069 222,069 222,069 2,491,398
US610 - RECRUITING AND RELOCATION 0 6,000 3,000 9,000 0 0 0 0 0 3,000 0 0 21,000
US620 - TRAINING AND SUBSCRIPTIONS 5,783 6,450 6,617 7,117 7,117 7,117 7,117 7,117 7,117 7,283 7,283 7,283 83,400
US630 - TRAVEL 25,839 29,687 30,562 31,545 31,545 31,545 31,545 31,545 31,545 32,420 32,420 32,420 372,616
US640 - ENTERTAINMENT 5,610 6,257 6,418 6,903 6,903 6,903 6,903 6,903 6,903 7,065 7,065 7,065 80,898
US650 - OFFICE EXPENSES 9,730 9,730 10,730 10,730 10,730 9,730 9,730 9,730 9,730 9,730 9,730 9,730 119,760
US660 - RENT AND FACILITY COSTS 3,299 3,299 3,299 3,299 3,299 3,299 3,299 3,299 3,299 3,299 3,299 3,299 39,590
US670 - OUTSIDE SERVICES CONSULTING 159,500 159,500 159,500 159,500 159,500 159,500 159,500 159,500 159,500 159,500 159,500 159,500 1,914,000
US680 - REPAIRS AND MAINTENANCE 73,405 73,405 73,405 73,405 73,405 73,405 73,405 73,405 91,405 91,405 91,405 91,405 952,860
US690 - UTILITIES 309,970 316,688 323,031 314,140 312,839 301,826 301,979 299,022 304,668 332,393 338,424 344,455 3,799,436
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 6,962 6,962 6,962 6,962 6,962 3,100 3,100 3,100 3,100 3,100 3,100 3,100 56,510
US750 - OTHER OPERATING EXPENSE 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 39,085 39,085 39,085 39,085 39,085 39,085 39,085 39,085 39,085 39,085 39,085 39,085 469,020
US730 - DEPRECIATION 219,348 221,348 223,348 225,348 227,348 229,348 231,348 233,348 235,348 237,348 239,348 241,348 2,764,180
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 35,413 424,957
-
Total COR Expense 1,052,588 1,091,852 1,109,304 1,137,545 1,133,044 1,119,169 1,121,323 1,120,365 1,146,011 1,184,110 1,189,141 1,197,172 13,601,626

Total COR Cash Expense 797,827 835,091 850,543 876,783 870,283 854,408 854,561 851,604 875,249 911,349 914,380 920,411 10,412,488

Gross Profit 1,520,700 1,552,436 1,546,736 1,602,917 1,647,356 1,755,511 1,859,516 1,955,187 2,015,542 2,062,307 2,136,762 2,223,731 21,878,702
Gross Profit Margin % 59% 59% 58% 58% 59% 61% 62% 64% 64% 64% 64% 65% 62%

Cash Gross Profit 1,775,461 1,809,197 1,805,497 1,863,678 1,910,118 2,020,272 2,126,277 2,223,949 2,286,303 2,335,069 2,411,524 2,500,493 25,067,839
Cash Gross Profit Margin % 69% 68% 68% 68% 69% 70% 71% 72% 72% 72% 73% 73% 71%

SALES & MARKETING, GENERAL & ADMIN.

US600 - SALARIES AND BENEFITS. 298,052 307,350 324,024 348,940 348,910 348,916 335,543 316,641 313,140 322,281 322,281 322,281 3,908,359
US610 - RECRUITING AND RELOCATION. 0 0 6,000 6,000 0 0 0 3,000 0 0 0 0 15,000
US620 - TRAINING AND SUBSCRIPTIONS. 6,117 6,117 6,450 6,617 6,617 6,617 6,617 5,783 5,617 5,617 5,617 5,617 73,400
US630 - TRAVEL. 30,168 31,268 32,868 34,718 34,718 34,718 34,718 33,040 32,540 32,540 32,540 32,540 396,379
US640 - ENTERTAINMENT. 6,560 6,560 6,884 7,045 7,045 7,045 7,045 6,237 6,075 6,075 6,075 6,075 78,722
US650 - OFFICE EXPENSES. 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000
US660 - RENT AND FACILITY COSTS. 650 650 650 650 650 650 650 650 650 650 650 650 7,800
US670 - OUTSIDE SERVICES CONSULTING. 19,500 19,500 19,500 33,500 19,500 19,500 4,500 4,500 4,500 10,500 4,500 4,500 164,000
US680 - REPAIRS AND MAINTENANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US690 - UTILITIES. 3,875 3,875 4,000 4,125 4,125 4,000 4,000 3,250 3,125 3,125 3,125 3,125 43,750
US700 - ADVERTISING AND PROMOTIONS. 37,083 37,083 37,083 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 565,000
US710 - TAXES, LICENSES AND INSURANCE. 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
US750 - OTHER OPERATING EXPENSE. 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 21,000
US755 - BAD DEBT EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US720 - OTHER COST OF SALES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US730 - DEPRECIATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US735 - AMORTIZATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US740 - ACCRETION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US760 - STOCK BASED COMPENSATION EXPENSE. 70,826 70,826 70,826 70,826 70,826 70,826 70,826 70,826 70,826 70,826 70,826 70,826 849,914

Total SG&A Expense 480,831 491,229 516,286 570,838 550,808 550,689 522,317 502,344 494,890 510,031 504,031 504,031 6,198,324

Total SG&A Cash Expense 410,005 420,403 445,459 500,012 479,982 479,863 451,490 431,518 424,063 439,205 433,205 433,205 5,348,410

Total Cash Expense 1,207,832 1,255,494 1,296,002 1,376,795 1,350,264 1,334,270 1,306,052 1,283,122 1,299,313 1,350,554 1,347,585 1,353,616 15,760,898
Total Cash Expense % 47% 47% 49% 50% 49% 46% 44% 42% 41% 42% 41% 40% 44%

Total Non Cash Expense 325,588 327,588 329,588 331,588 333,588 335,588 337,588 339,588 341,588 343,588 345,588 347,588 4,039,051

Total Expenses 1,533,419 1,583,081 1,625,590 1,708,383 1,683,852 1,669,858 1,643,639 1,622,710 1,640,900 1,694,141 1,693,172 1,701,203 19,799,950
Total Expense % 60% 60% 61% 62% 61% 58% 55% 53% 52% 52% 51% 50% 56%

EBIT - 1,039,868 1,061,206 1,030,450 1,032,079 1,096,549 1,204,822 1,337,199 1,452,843 1,520,652 1,552,277 1,632,731 1,719,700 15,680,378

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0
US815 - INTERCOMPANY INTEREST 0 0 0 0 0 0 0 0 0 0 0 0 0
US820 - FOREIGN EXCHANGE 0 0 0 0 0 0 0 0 0 0 0 0 0
US825 - ALLOCATED INCOMES/COSTS 0 0 891,502 0 0 891,502 0 0 891,502 0 0 891,502 3,566,010
US830 - OTHER INCOME AND EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense 0 0 891,502 0 0 891,502 0 0 891,502 0 0 891,502 3,566,010
Total Other Expense % 0% 0% 34% 0% 0% 31% 0% 0% 28% 0% 0% 26% 10%
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - 1,039,868 1,061,206 138,948 1,032,079 1,096,549 313,320 1,337,199 1,452,843 629,150 1,552,277 1,632,731 828,198 12,114,368
Net Income % 40% 40% 5% 38% 39% 11% 45% 47% 20% 48% 49% 24%

EBITDA - 1,365,456 1,388,794 1,360,038 1,363,666 1,430,136 1,540,410 1,674,787 1,792,431 1,862,240 1,895,864 1,978,319 2,067,288 19,719,429
EBITDA Margin % 53% 53% 51% 50% 51% 54% 56% 58% 59% 58% 59% 60% 56%
 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 Total

RECURRING REVENUE- 862,106 864,106 813,988 815,931 785,799 787,279 785,890 787,683 789,683 790,861 788,143 790,143 9,661,612
41110 - Recurring Revenues 332,330 333,329 314,223 315,200 303,786 304,583 298,179 299,100 300,098 300,785 299,989 300,988 3,702,590
41110 - Recurring Revenues 409 411 387 388 374 375 367 368 370 371 370 371 4,561
POWER REVENUE- 332,739 333,739 314,610 315,588 304,160 304,959 298,547 299,468 300,468 301,155 300,359 301,359 3,707,151
INSTALLATION REVENUE- 25,563 25,563 25,563 25,563 25,563 25,563 25,563 25,563 25,563 25,563 25,563 25,563 306,758
OTHER REVENUE- 9,545 9,545 9,545 9,545 9,545 9,545 9,545 9,545 9,545 9,545 9,545 9,545 114,534
-
TOTAL REVENUE. 1,229,953 1,232,953 1,163,705 1,166,627 1,125,066 1,127,345 1,119,545 1,122,259 1,125,259 1,127,124 1,123,610 1,126,610 13,790,055

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 118,193 128,668 137,638 164,581 164,581 164,581 164,581 164,581 164,581 168,751 168,751 168,751 1,878,237
US610 - RECRUITING AND RELOCATION 0 3,000 3,000 6,000 0 0 0 0 0 3,000 0 0 15,000
US620 - TRAINING AND SUBSCRIPTIONS 4,450 4,783 4,950 5,283 5,283 5,283 5,283 5,283 5,283 5,450 5,450 5,450 62,233
US630 - TRAVEL 19,586 21,435 22,310 22,560 22,560 22,560 22,560 22,560 22,560 23,435 23,435 23,435 268,997
US640 - ENTERTAINMENT 4,317 4,640 4,802 5,125 5,125 5,125 5,125 5,125 5,125 5,287 5,287 5,287 60,366
US650 - OFFICE EXPENSES 3,650 3,650 4,650 4,650 4,650 3,650 3,650 3,650 3,650 3,650 3,650 3,650 46,800
US660 - RENT AND FACILITY COSTS 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 25,255
US670 - OUTSIDE SERVICES CONSULTING 65,500 65,500 65,500 65,500 65,500 65,500 65,500 65,500 65,500 65,500 65,500 65,500 786,000
US680 - REPAIRS AND MAINTENANCE 54,405 54,405 54,405 54,405 54,405 54,405 54,405 54,405 54,405 54,405 54,405 54,405 652,860
US690 - UTILITIES 169,108 170,524 171,815 165,080 158,974 143,155 145,850 146,804 147,759 159,611 160,638 161,664 1,900,981
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 1,500 1,500 1,500 1,500 1,500 800 800 800 800 800 800 800 13,100
US750 - OTHER OPERATING EXPENSE 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 420,000
US730 - DEPRECIATION 0
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 254,974
-
Total COR Expense 500,060 517,457 529,922 554,036 541,930 524,412 527,106 528,061 529,015 549,241 547,268 548,295 6,396,803

Total COR Cash Expense 478,812 496,210 508,674 532,788 520,682 503,164 505,858 506,813 507,767 527,993 526,020 527,047 6,141,829

Gross Profit 729,893 715,495 633,783 612,591 583,136 602,934 592,439 594,198 596,244 577,883 576,342 578,315 7,393,252
Gross Profit Margin % 59% 58% 54% 53% 52% 53% 53% 53% 53% 51% 51% 51% 54%

Cash Gross Profit 751,141 736,743 655,031 633,838 604,384 624,182 613,686 615,446 617,492 599,131 597,590 599,563 7,648,226
Cash Gross Profit Margin % 61% 60% 56% 54% 54% 55% 55% 55% 55% 53% 53% 53% 55%

Total Cash Expense 478,812 496,210 508,674 532,788 520,682 503,164 505,858 506,813 507,767 527,993 526,020 527,047 6,141,829
Total Cash Expense % 39% 40% 44% 46% 46% 45% 45% 45% 45% 47% 47% 47% 45%

Total Non Cash Expense 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 21,248 254,974

Total Expenses 500,060 517,457 529,922 554,036 541,930 524,412 527,106 528,061 529,015 549,241 547,268 548,295 6,396,803
Total Expense % 41% 42% 46% 47% 48% 47% 47% 47% 47% 49% 49% 49% 46%

EBIT - 729,893 715,495 633,783 612,591 583,136 602,934 592,439 594,198 596,244 577,883 576,342 578,315 7,393,252

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0

Printed 05/27/2023 16:52:42 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 AM1 Total
US815 - INTERCOMPANY INTEREST 0
US820 - FOREIGN EXCHANGE 0
US825 - ALLOCATED INCOMES/COSTS 0
US830 - OTHER INCOME AND EXPENSE 0
Total Other Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Net Income - 729,893 715,495 633,783 612,591 583,136 602,934 592,439 594,198 596,244 577,883 576,342 578,315 7,393,252
Net Income % 59% 58% 54% 53% 52% 53% 53% 53% 53% 51% 51% 51%

EBITDA - 751,141 736,743 655,031 633,838 604,384 624,182 613,686 615,446 617,492 599,131 597,590 599,563 7,648,226
EBITDA Margin % 61% 60% 56% 54% 54% 55% 55% 55% 55% 53% 53% 53% 55%

Printed 05/27/2023 16:52:42 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 Total

RECURRING REVENUE- 711,462 723,462 735,462 747,462 759,462 769,462 794,851 804,851 816,851 828,851 840,851 850,851 9,383,879
41110 - Recurring Revenues 332,569 338,569 344,569 350,569 356,569 361,569 366,569 371,569 377,569 383,569 389,569 394,569 4,367,833
41110 - Recurring Revenues 0 0 0 0 0 0 0 0 0 0 0 0 0
POWER REVENUE- 332,569 338,569 344,569 350,569 356,569 361,569 366,569 371,569 377,569 383,569 389,569 394,569 4,367,833
INSTALLATION REVENUE- 49,728 49,728 49,728 49,728 49,728 49,728 49,728 49,728 49,728 49,728 49,728 49,728 596,741
OTHER REVENUE- 49,575 49,575 49,575 49,575 49,575 49,575 49,575 49,575 49,575 49,575 49,575 49,575 594,899
-
TOTAL REVENUE. 1,143,335 1,161,335 1,179,335 1,197,335 1,215,335 1,230,335 1,260,724 1,275,724 1,293,724 1,311,724 1,329,724 1,344,724 14,943,353

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 0 0 0 0 0 0 0 0 0 0 0 0 0
US610 - RECRUITING AND RELOCATION 0 0 0 0 0 0 0 0 0 0 0 0 0
US620 - TRAINING AND SUBSCRIPTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US630 - TRAVEL 0 0 0 0 0 0 0 0 0 0 0 0 0
US640 - ENTERTAINMENT 0 0 0 0 0 0 0 0 0 0 0 0 0
US650 - OFFICE EXPENSES 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000
US660 - RENT AND FACILITY COSTS 1,195 1,195 1,195 1,195 1,195 1,195 1,195 1,195 1,195 1,195 1,195 1,195 14,335
US670 - OUTSIDE SERVICES CONSULTING 31,000 31,000 31,000 31,000 31,000 31,000 31,000 31,000 31,000 31,000 31,000 31,000 372,000
US680 - REPAIRS AND MAINTENANCE 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 228,000
US690 - UTILITIES 119,095 120,261 121,427 116,722 117,831 118,940 112,274 104,626 105,581 114,416 115,443 116,469 1,383,084
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000
US750 - OTHER OPERATING EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 3,085 3,085 3,085 3,085 3,085 3,085 3,085 3,085 3,085 3,085 3,085 3,085 37,020
US730 - DEPRECIATION 219,348 221,348 223,348 225,348 227,348 229,348 231,348 233,348 235,348 237,348 239,348 241,348 2,764,180
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
-
Total COR Expense 396,723 399,889 403,055 400,350 403,459 406,568 401,902 396,254 399,209 410,044 413,070 416,097 4,846,619

Total COR Cash Expense 177,375 178,541 179,707 175,001 176,110 177,219 170,554 162,906 163,860 172,695 173,722 174,749 2,082,439

Gross Profit 746,612 761,446 776,280 796,985 811,876 823,767 858,822 879,470 894,515 901,680 916,654 928,627 10,096,733
Gross Profit Margin % 65% 66% 66% 67% 67% 67% 68% 69% 69% 69% 69% 69% 68%

Cash Gross Profit 965,960 982,794 999,628 1,022,333 1,039,224 1,053,115 1,090,170 1,112,818 1,129,864 1,139,029 1,156,002 1,169,975 12,860,914
Cash Gross Profit Margin % 84% 85% 85% 85% 86% 86% 86% 87% 87% 87% 87% 87% 86%

Total Cash Expense 177,375 178,541 179,707 175,001 176,110 177,219 170,554 162,906 163,860 172,695 173,722 174,749 2,082,439
Total Cash Expense % 16% 15% 15% 15% 14% 14% 14% 13% 13% 13% 13% 13% 14%

Total Non Cash Expense 219,348 221,348 223,348 225,348 227,348 229,348 231,348 233,348 235,348 237,348 239,348 241,348 2,764,180

Total Expenses 396,723 399,889 403,055 400,350 403,459 406,568 401,902 396,254 399,209 410,044 413,070 416,097 4,846,619
Total Expense % 35% 34% 34% 33% 33% 33% 32% 31% 31% 31% 31% 31% 32%

EBIT - 746,612 761,446 776,280 796,985 811,876 823,767 858,822 879,470 894,515 901,680 916,654 928,627 10,096,733

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 AM2 Total
US815 - INTERCOMPANY INTEREST 0
US820 - FOREIGN EXCHANGE 0
US825 - ALLOCATED INCOMES/COSTS 0
US830 - OTHER INCOME AND EXPENSE 0
Total Other Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - 746,612 761,446 776,280 796,985 811,876 823,767 858,822 879,470 894,515 901,680 916,654 928,627 10,096,733
Net Income % 65% 66% 66% 67% 67% 67% 68% 69% 69% 69% 69% 69%

EBITDA - 965,960 982,794 999,628 1,022,333 1,039,224 1,053,115 1,090,170 1,112,818 1,129,864 1,139,029 1,156,002 1,169,975 12,860,914
EBITDA Margin % 84% 85% 85% 85% 86% 86% 86% 87% 87% 87% 87% 87% 86%

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget
January February
AM3 AM3

RECURRING REVENUE- 115,000 150,000

41110 - Recurring Revenues 55,000 70,000
41110 - Recurring Revenues 0 0
POWER REVENUE- 55,000 70,000
INSTALLATION REVENUE- 15,000 15,000
OTHER REVENUE- 15,000 15,000

TOTAL REVENUE. 200,000 250,000

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 39,452 48,360
US610 - RECRUITING AND RELOCATION 0 3,000
US620 - TRAINING AND SUBSCRIPTIONS 1,333 1,667
US630 - TRAVEL 6,253 8,252
US640 - ENTERTAINMENT 1,293 1,617
US650 - OFFICE EXPENSES 3,580 3,580
US660 - RENT AND FACILITY COSTS 0 0
US670 - OUTSIDE SERVICES CONSULTING 63,000 63,000
US680 - REPAIRS AND MAINTENANCE 0 0
US690 - UTILITIES 21,767 25,903
US700 - ADVERTISING AND PROMOTIONS 0 0
US710 - TAXES, LICENSES AND INSURANCE 3,962 3,962
US750 - OTHER OPERATING EXPENSE 0 0
US755 - BAD DEBT EXPENSE
US720 - OTHER COST OF SALES 1,000 1,000
US730 - DEPRECIATION
US735 - AMORTIZATION
US740 - ACCRETION EXPENSE
US760 - STOCK BASED COMPENSATION EXPENSE 14,165 14,165

Total COR Expense 155,805 174,506

Total COR Cash Expense 141,640 160,341

Gross Profit 44,195 75,494

Gross Profit Margin % 22% 30%

Cash Gross Profit 58,360 89,659

Cash Gross Profit Margin % 29% 36%

Total Cash Expense 141,640 160,341

 Total Cash Expense % 71% 64%

Total Non Cash Expense 14,165 14,165

Total Expenses 155,805 174,506

Total Expense % 78% 70%

EBIT - 44,195 75,494

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE
US840 - INCOME TAXES
US833 - EXT OF DEBT GAIN/(LOSS)
US815 - INTERCOMPANY INTEREST
US820 - FOREIGN EXCHANGE
US825 - ALLOCATED INCOMES/COSTS
US830 - OTHER INCOME AND EXPENSE
Total Other Expense 0 0
Total Other Expense % 0% 0%
1.00E+17 1.00E+17
Net Income - 44,195 75,494
Net Income % 22% 30%

EBITDA - 58,360 89,659

EBITDA Margin % 29% 36%
Budget Budget Budget Budget
March April May June
AM3 AM3 AM3 AM3

192,500 235,000 277,500 328,500

90,500 111,500 132,500 158,500
0 0 0 0
90,500 111,500 132,500 158,500
15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000

313,000 376,500 440,000 517,000

49,295 49,517 53,317 53,317

0 3,000 0 0
1,667 1,833 1,833 1,833
8,252 8,985 8,985 8,985
1,617 1,778 1,778 1,778
3,580 3,580 3,580 3,580
0 0 0 0
63,000 63,000 63,000 63,000
0 0 0 0
29,790 32,338 36,035 39,731
0 0 0 0
3,962 3,962 3,962 800
0 0 0 0

1,000 1,000 1,000 1,000

14,165 14,165 14,165 14,165

176,327 183,159 187,655 188,190

162,162 168,993 173,490 174,025

136,673 193,341 252,345 328,810

44% 51% 57% 64%

150,838 207,507 266,510 342,975

48% 55% 61% 66%

162,162 168,993 173,490 174,025

 52% 45% 39% 34%

14,165 14,165 14,165 14,165

176,327 183,159 187,655 188,190

56% 49% 43% 36%

136,673 193,341 252,345 328,810

0 0 0 0
0% 0% 0% 0%
1.00E+17 1.00E+17 1.00E+17 1.00E+17
136,673 193,341 252,345 328,810
44% 51% 57% 64%

150,838 207,507 266,510 342,975

48% 55% 61% 66%
Budget Budget Budget Budget
July August September October
AM3 AM3 AM3 AM3

386,070 437,070 480,070 523,070

184,500 210,500 232,500 254,500
0 0 0 0
184,500 210,500 232,500 254,500
15,000 15,000 15,000 15,000
15,000 15,000 15,000 15,000

600,570 677,570 742,570 807,570

53,317 53,317 53,317 53,317

0 0 0 0
1,833 1,833 1,833 1,833
8,985 8,985 8,985 8,985
1,778 1,778 1,778 1,778
3,580 3,580 3,580 3,580
0 0 0 0
63,000 63,000 63,000 63,000
0 0 18,000 18,000
43,856 47,592 51,329 58,367
0 0 0 0
800 800 800 800
0 0 0 0

1,000 1,000 1,000 1,000

14,165 14,165 14,165 14,165

192,314 196,051 217,787 224,826

178,149 181,886 203,622 210,660

408,256 481,519 524,783 582,744

68% 71% 71% 72%

422,421 495,684 538,948 596,910

70% 73% 73% 74%

178,149 181,886 203,622 210,660

 30% 27% 27% 26%

14,165 14,165 14,165 14,165

192,314 196,051 217,787 224,826

32% 29% 29% 28%

408,256 481,519 524,783 582,744

0 0 0 0
0% 0% 0% 0%
1.00E+17 1.00E+17 1.00E+17 1.00E+17
408,256 481,519 524,783 582,744
68% 71% 71% 72%

422,421 495,684 538,948 596,910

70% 73% 73% 74%
 Budget Budget Budget.
November December
AM3 AM3 Total

566,070 617,070 4,307,920

276,500 302,500 2,079,000
0 0 0
276,500 302,500 2,079,000
15,000 15,000 180,000
15,000 15,000 180,000
-
872,570 949,570 6,746,920

53,317 53,317 613,161

0 0 6,000
1,833 1,833 21,167
8,985 8,985 103,620
1,778 1,778 20,532
3,580 3,580 42,960
0 0 0
63,000 63,000 756,000
18,000 18,000 72,000
62,344 66,322 515,372
0 0 0
800 800 25,410
0 0 0
0
1,000 1,000 12,000
0
0
0
14,165 14,165 169,983
-
228,803 232,781 2,358,203

214,638 218,615 2,188,220

643,767 716,789 4,388,717

74% 75% 65%

657,932 730,955 4,558,700

75% 77% 68%

214,638 218,615 2,188,220

 25% 23% 32%

14,165 14,165 169,983

228,803 232,781 2,358,203

26% 25% 35%

643,767 716,789 4,388,717

0
0
0
0
0
0
0
0 0 0
0% 0% 0%
1.00E+17 1.00E+17
643,767 716,789 4,388,717
74% 75%

657,932 730,955 4,558,700

75% 77% 68%
 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
585 - Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services585
BV- Virtu Secure Web Services BV Total

RECURRING REVENUE- 761,218 770,575 774,188 783,545 792,901 802,257 811,613 820,969 830,326 839,682 849,038 858,394 9,694,705
41110 - Recurring Revenues 114,328 115,035 114,557 115,264 115,972 116,679 117,386 118,094 118,801 119,508 120,216 120,923 1,406,764
41110 - Recurring Revenues 39,750 40,487 39,651 40,387 41,124 41,860 42,597 43,333 44,070 44,806 45,543 46,279 509,888
POWER REVENUE- 154,078 155,522 154,208 155,652 157,096 158,539 159,983 161,427 162,871 164,315 165,759 167,202 1,916,651
INSTALLATION REVENUE- 28,345 28,345 28,345 28,345 28,345 28,345 28,345 28,345 28,345 28,345 28,345 28,345 340,139
OTHER REVENUE- 25,600 25,600 25,600 25,600 25,600 25,600 25,600 25,600 25,600 25,600 25,600 25,600 307,196
-
TOTAL REVENUE. 969,241 980,041 982,341 993,141 1,003,941 1,014,741 1,025,541 1,036,341 1,047,141 1,057,941 1,068,741 1,079,541 12,258,692

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 88,208 88,410 96,921 101,394 101,359 101,366 101,380 101,345 101,414 101,345 101,345 101,345 1,185,834
US610 - RECRUITING AND RELOCATION 0 3,000 0 6,000 0 0 0 0 0 0 0 0 9,000
US620 - TRAINING AND SUBSCRIPTIONS 3,067 3,233 3,233 3,567 3,567 3,567 3,567 3,567 3,567 3,567 3,567 3,567 41,633
US630 - TRAVEL 11,957 13,107 13,107 13,607 13,607 14,070 14,070 14,070 14,070 14,070 14,070 14,070 163,874
US640 - ENTERTAINMENT 1,227 1,293 1,293 1,427 1,427 1,427 1,427 1,427 1,427 1,427 1,427 1,427 16,653
US650 - OFFICE EXPENSES 5,850 5,850 5,850 5,850 5,850 5,850 5,850 5,850 5,850 5,850 5,850 5,850 70,200
US660 - RENT AND FACILITY COSTS 31,422 31,422 31,422 31,422 31,422 31,422 31,422 31,422 31,422 31,422 31,422 31,422 377,068
US670 - OUTSIDE SERVICES CONSULTING 40,500 40,500 40,500 49,500 49,500 49,500 49,500 49,500 49,500 49,500 49,500 49,500 567,000
US680 - REPAIRS AND MAINTENANCE 24,220 24,220 24,220 24,220 24,220 24,220 24,220 24,220 24,220 24,220 24,220 24,220 290,640
US690 - UTILITIES 106,271 108,746 111,879 105,386 107,707 110,801 111,023 113,474 116,742 114,268 111,133 109,299 1,326,730
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 4,685 4,685 4,685 4,685 4,685 4,685 4,685 4,685 4,685 4,685 4,685 4,685 56,220
US750 - OTHER OPERATING EXPENSE 500 500 500 500 500 500 500 500 500 500 500 500 6,000
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 259,300 259,300 259,300 259,300 259,300 259,300 259,300 259,300 259,300 259,300 259,300 259,300 3,111,600
US730 - DEPRECIATION 0
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
-
Total COR Expense 577,207 584,267 592,911 606,858 603,144 606,708 606,944 609,360 612,697 610,154 607,019 605,184 7,222,453

Total COR Cash Expense 577,207 584,267 592,911 606,858 603,144 606,708 606,944 609,360 612,697 610,154 607,019 605,184 7,222,453

Gross Profit 392,034 395,774 389,430 386,283 400,797 408,033 418,597 426,981 434,444 447,787 461,722 474,357 5,036,239
Gross Profit Margin % 40% 40% 40% 39% 40% 40% 41% 41% 41% 42% 43% 44% 41%

Cash Gross Profit 392,034 395,774 389,430 386,283 400,797 408,033 418,597 426,981 434,444 447,787 461,722 474,357 5,036,239
Cash Gross Profit Margin % 40% 40% 40% 39% 40% 40% 41% 41% 41% 42% 43% 44% 41%

SALES & MARKETING, GENERAL & ADMIN.

US600 - SALARIES AND BENEFITS. 58,989 58,692 59,837 59,837 59,837 59,837 59,837 59,837 59,837 59,837 59,837 59,837 716,052
US610 - RECRUITING AND RELOCATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US620 - TRAINING AND SUBSCRIPTIONS. 2,242 2,242 2,242 2,242 2,242 2,242 2,242 2,242 2,242 2,242 2,242 2,242 26,900
US630 - TRAVEL. 4,991 4,991 4,991 4,991 4,991 4,991 4,991 4,991 4,991 4,991 4,991 4,991 59,896
US640 - ENTERTAINMENT. 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 12,125
US650 - OFFICE EXPENSES. 2,550 2,550 2,550 2,550 2,550 2,550 2,550 2,550 2,550 2,550 2,550 2,550 30,600
US660 - RENT AND FACILITY COSTS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US670 - OUTSIDE SERVICES CONSULTING. 0 0 0 0 0 0 0 0 0 0 0 0 0
US680 - REPAIRS AND MAINTENANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US690 - UTILITIES. 875 875 875 875 875 875 875 875 875 875 875 875 10,500
US700 - ADVERTISING AND PROMOTIONS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE. 2,000 2,000 2,000 2,000 2,000 3,500 3,500 3,500 3,500 3,500 3,500 3,500 34,500
US750 - OTHER OPERATING EXPENSE. 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
US755 - BAD DEBT EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US720 - OTHER COST OF SALES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US730 - DEPRECIATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US735 - AMORTIZATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US740 - ACCRETION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US760 - STOCK BASED COMPENSATION EXPENSE. 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 86,691

Total SG&A Expense 80,881 80,585 81,730 81,730 81,730 83,230 83,230 83,230 83,230 83,230 83,230 83,230 989,264

Total SG&A Cash Expense 73,657 73,361 74,506 74,506 74,506 76,006 76,006 76,006 76,006 76,006 76,006 76,006 902,573

Total Cash Expense 650,864 657,627 667,417 681,363 677,650 682,713 682,949 685,366 688,702 686,160 683,025 681,190 8,125,026
Total Cash Expense % 67% 67% 68% 69% 67% 67% 67% 66% 66% 65% 64% 63% 66%

Total Non Cash Expense 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 7,224 86,691

Total Expenses 658,088 664,852 674,641 688,588 684,874 689,937 690,174 692,590 695,926 693,384 690,249 688,414 8,211,717
Total Expense % 68% 68% 69% 69% 68% 68% 67% 67% 66% 66% 65% 64% 67%

EBIT - 311,153 315,189 307,700 304,553 319,067 324,804 335,367 343,751 351,215 364,557 378,492 391,127 4,046,975

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0
US815 - INTERCOMPANY INTEREST 0
US820 - FOREIGN EXCHANGE 0
US825 - ALLOCATED INCOMES/COSTS 0 0 305,384 0 0 305,384 0 0 305,384 0 0 305,384 1,221,535
US830 - OTHER INCOME AND EXPENSE 0
Total Other Expense 0 0 305,384 0 0 305,384 0 0 305,384 0 0 305,384 1,221,535
Total Other Expense % 0% 0% 31% 0% 0% 30% 0% 0% 29% 0% 0% 28% 10%
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - 311,153 315,189 2,316 304,553 319,067 19,420 335,367 343,751 45,831 364,557 378,492 85,743 2,825,440
Net Income % 32% 32% 0% 31% 32% 2% 33% 33% 4% 34% 35% 8%

EBITDA - 318,377 322,413 314,924 311,778 326,291 332,028 342,592 350,975 358,439 371,781 385,716 398,351 4,133,666
EBITDA Margin % 33% 33% 32% 31% 33% 33% 33% 34% 34% 35% 36% 37% 34%
 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 Total

RECURRING REVENUE- 658,644 664,001 669,357 674,713 680,069 685,425 690,781 696,138 701,494 706,850 712,206 717,562 8,257,240
41110 - Recurring Revenues 93,981 94,688 95,396 96,103 96,810 97,518 98,225 98,932 99,640 100,347 101,054 101,761 1,174,455
41110 - Recurring Revenues 11,957 11,893 11,830 11,766 11,703 11,639 11,576 11,512 11,449 11,385 11,322 11,258 139,292
POWER REVENUE- 105,938 106,582 107,226 107,869 108,513 109,157 109,801 110,445 111,089 111,732 112,376 113,020 1,313,747
INSTALLATION REVENUE- 24,030 24,030 24,030 24,030 24,030 24,030 24,030 24,030 24,030 24,030 24,030 24,030 288,355
OTHER REVENUE- 25,214 25,214 25,214 25,214 25,214 25,214 25,214 25,214 25,214 25,214 25,214 25,214 302,564
-
TOTAL REVENUE. 813,826 819,826 825,826 831,826 837,826 843,826 849,826 855,826 861,826 867,826 873,826 879,826 10,161,907

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 84,196 84,418 92,693 97,278 97,278 97,278 97,278 97,278 97,278 97,278 97,278 97,278 1,136,812
US610 - RECRUITING AND RELOCATION 0 3,000 0 6,000 0 0 0 0 0 0 0 0 9,000
US620 - TRAINING AND SUBSCRIPTIONS 2,900 3,067 3,067 3,400 3,400 3,400 3,400 3,400 3,400 3,400 3,400 3,400 39,633
US630 - TRAVEL 10,974 12,124 12,124 12,624 12,624 13,086 13,086 13,086 13,086 13,086 13,086 13,086 152,070
US640 - ENTERTAINMENT 1,160 1,227 1,227 1,360 1,360 1,360 1,360 1,360 1,360 1,360 1,360 1,360 15,853
US650 - OFFICE EXPENSES 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 4,800 57,600
US660 - RENT AND FACILITY COSTS 26,391 26,391 26,391 26,391 26,391 26,391 26,391 26,391 26,391 26,391 26,391 26,391 316,688
US670 - OUTSIDE SERVICES CONSULTING 18,000 18,000 18,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 27,000 297,000
US680 - REPAIRS AND MAINTENANCE 17,350 17,350 17,350 17,350 17,350 17,350 17,350 17,350 17,350 17,350 17,350 17,350 208,200
US690 - UTILITIES 69,343 70,978 72,993 75,457 77,101 79,292 78,961 80,685 82,984 78,123 74,167 71,238 911,321
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 42,000
US750 - OTHER OPERATING EXPENSE 500 500 500 500 500 500 500 500 500 500 500 500 6,000
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 259,000 259,000 259,000 259,000 259,000 259,000 259,000 259,000 259,000 259,000 259,000 259,000 3,108,000
US730 - DEPRECIATION 0
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
-
Total COR Expense 498,113 504,354 511,643 534,660 530,303 532,957 532,626 534,350 536,649 531,788 527,832 524,903 6,300,179

Total COR Cash Expense 498,113 504,354 511,643 534,660 530,303 532,957 532,626 534,350 536,649 531,788 527,832 524,903 6,300,179

Gross Profit 315,713 315,471 314,183 297,166 307,522 310,869 317,200 321,476 325,177 336,037 345,993 354,922 3,861,729
Gross Profit Margin % 39% 38% 38% 36% 37% 37% 37% 38% 38% 39% 40% 40% 38%

Cash Gross Profit 315,713 315,471 314,183 297,166 307,522 310,869 317,200 321,476 325,177 336,037 345,993 354,922 3,861,729
Cash Gross Profit Margin % 39% 38% 38% 36% 37% 37% 37% 38% 38% 39% 40% 40% 38%

Total Cash Expense 498,113 504,354 511,643 534,660 530,303 532,957 532,626 534,350 536,649 531,788 527,832 524,903 6,300,179
Total Cash Expense % 61% 62% 62% 64% 63% 63% 63% 62% 62% 61% 60% 60% 62%

Total Non Cash Expense 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Expenses 498,113 504,354 511,643 534,660 530,303 532,957 532,626 534,350 536,649 531,788 527,832 524,903 6,300,179
Total Expense % 61% 62% 62% 64% 63% 63% 63% 62% 62% 61% 60% 60% 62%

EBIT - 315,713 315,471 314,183 297,166 307,522 310,869 317,200 321,476 325,177 336,037 345,993 354,922 3,861,729

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 EN1 Total
US815 - INTERCOMPANY INTEREST 0
US820 - FOREIGN EXCHANGE 0
US825 - ALLOCATED INCOMES/COSTS 0
US830 - OTHER INCOME AND EXPENSE 0
Total Other Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - 315,713 315,471 314,183 297,166 307,522 310,869 317,200 321,476 325,177 336,037 345,993 354,922 3,861,729
Net Income % 39% 38% 38% 36% 37% 37% 37% 38% 38% 39% 40% 40%

EBITDA - 315,713 315,471 314,183 297,166 307,522 310,869 317,200 321,476 325,177 336,037 345,993 354,922 3,861,729
EBITDA Margin % 39% 38% 38% 36% 37% 37% 37% 38% 38% 39% 40% 40% 38%

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 ZW1 Total

RECURRING REVENUE- 102,574 106,574 104,832 108,832 112,832 116,832 120,832 124,832 128,832 132,832 136,832 140,832 1,437,465
41110 - Recurring Revenues 20,347 20,347 19,162 19,162 19,162 19,162 19,162 19,162 19,162 19,162 19,162 19,162 232,309
41110 - Recurring Revenues 27,793 28,593 27,821 28,621 29,421 30,221 31,021 31,821 32,621 33,421 34,221 35,021 370,595
POWER REVENUE- 48,140 48,940 46,982 47,782 48,582 49,382 50,182 50,982 51,782 52,582 53,382 54,182 602,904
INSTALLATION REVENUE- 4,315 4,315 4,315 4,315 4,315 4,315 4,315 4,315 4,315 4,315 4,315 4,315 51,784
OTHER REVENUE- 386 386 386 386 386 386 386 386 386 386 386 386 4,632
-
TOTAL REVENUE. 155,415 160,215 156,515 161,315 166,115 170,915 175,715 180,515 185,315 190,115 194,915 199,715 2,096,785

COST OF REVENUE.
US600 - SALARIES AND BENEFITS 4,012 3,992 4,229 4,115 4,081 4,088 4,101 4,067 4,136 4,067 4,067 4,067 49,022
US610 - RECRUITING AND RELOCATION 0 0 0 0 0 0 0 0 0 0 0 0 0
US620 - TRAINING AND SUBSCRIPTIONS 167 167 167 167 167 167 167 167 167 167 167 167 2,000
US630 - TRAVEL 984 984 984 984 984 984 984 984 984 984 984 984 11,804
US640 - ENTERTAINMENT 67 67 67 67 67 67 67 67 67 67 67 67 800
US650 - OFFICE EXPENSES 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 12,600
US660 - RENT AND FACILITY COSTS 5,032 5,032 5,032 5,032 5,032 5,032 5,032 5,032 5,032 5,032 5,032 5,032 60,380
US670 - OUTSIDE SERVICES CONSULTING 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 270,000
US680 - REPAIRS AND MAINTENANCE 6,870 6,870 6,870 6,870 6,870 6,870 6,870 6,870 6,870 6,870 6,870 6,870 82,440
US690 - UTILITIES 36,928 37,767 38,886 29,929 30,606 31,510 32,063 32,789 33,758 36,145 36,966 38,061 415,409
US700 - ADVERTISING AND PROMOTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE 1,185 1,185 1,185 1,185 1,185 1,185 1,185 1,185 1,185 1,185 1,185 1,185 14,220
US750 - OTHER OPERATING EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
US755 - BAD DEBT EXPENSE 0
US720 - OTHER COST OF SALES 300 300 300 300 300 300 300 300 300 300 300 300 3,600
US730 - DEPRECIATION 0
US735 - AMORTIZATION 0
US740 - ACCRETION EXPENSE 0
US760 - STOCK BASED COMPENSATION EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0
-
Total COR Expense 79,094 79,913 81,268 72,198 72,841 73,751 74,318 75,010 76,048 78,366 79,187 80,281 922,274

Total COR Cash Expense 79,094 79,913 81,268 72,198 72,841 73,751 74,318 75,010 76,048 78,366 79,187 80,281 922,274

Gross Profit 76,322 80,303 75,247 89,118 93,275 97,164 101,398 105,505 109,268 111,749 115,729 119,434 1,174,510
Gross Profit Margin % 49% 50% 48% 55% 56% 57% 58% 58% 59% 59% 59% 60% 56%

Cash Gross Profit 76,322 80,303 75,247 89,118 93,275 97,164 101,398 105,505 109,268 111,749 115,729 119,434 1,174,510
Cash Gross Profit Margin % 49% 50% 48% 55% 56% 57% 58% 58% 59% 59% 59% 60% 56%

SALES & MARKETING, GENERAL & ADMIN.

US600 - SALARIES AND BENEFITS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US610 - RECRUITING AND RELOCATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US620 - TRAINING AND SUBSCRIPTIONS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US630 - TRAVEL. 0 0 0 0 0 0 0 0 0 0 0 0 0
US640 - ENTERTAINMENT. 0 0 0 0 0 0 0 0 0 0 0 0 0
US650 - OFFICE EXPENSES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US660 - RENT AND FACILITY COSTS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US670 - OUTSIDE SERVICES CONSULTING. 0 0 0 0 0 0 0 0 0 0 0 0 0
US680 - REPAIRS AND MAINTENANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US690 - UTILITIES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US700 - ADVERTISING AND PROMOTIONS. 0 0 0 0 0 0 0 0 0 0 0 0 0
US710 - TAXES, LICENSES AND INSURANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US750 - OTHER OPERATING EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 US755 - BAD DEBT EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US720 - OTHER COST OF SALES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US730 - DEPRECIATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US735 - AMORTIZATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US740 - ACCRETION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US760 - STOCK BASED COMPENSATION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0

Total SG&A Expense 0 0 0 0 0 0 0 0 0 0 0 0 0

Total SG&A Cash Expense 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Cash Expense 79,094 79,913 81,268 72,198 72,841 73,751 74,318 75,010 76,048 78,366 79,187 80,281 922,274
Total Cash Expense % 51% 50% 52% 45% 44% 43% 42% 42% 41% 41% 41% 40% 44%

Total Non Cash Expense 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Expenses 79,094 79,913 81,268 72,198 72,841 73,751 74,318 75,010 76,048 78,366 79,187 80,281 922,274
Total Expense % 51% 50% 52% 45% 44% 43% 42% 42% 41% 41% 41% 40% 44%

EBIT - 76,322 80,303 75,247 89,118 93,275 97,164 101,398 105,505 109,268 111,749 115,729 119,434 1,174,510

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0
US840 - INCOME TAXES 0
US833 - EXT OF DEBT GAIN/(LOSS) 0
US815 - INTERCOMPANY INTEREST 0
US820 - FOREIGN EXCHANGE 0
US825 - ALLOCATED INCOMES/COSTS 0
US830 - OTHER INCOME AND EXPENSE 0
Total Other Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - 76,322 80,303 75,247 89,118 93,275 97,164 101,398 105,505 109,268 111,749 115,729 119,434 1,174,510
Net Income % 49% 50% 48% 55% 56% 57% 58% 58% 59% 59% 59% 60%

EBITDA - 76,322 80,303 75,247 89,118 93,275 97,164 101,398 105,505 109,268 111,749 115,729 119,434 1,174,510
EBITDA Margin % 49% 50% 48% 55% 56% 57% 58% 58% 59% 59% 59% 60% 56%

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Total

RECURRING REVENUE- 0 0 0 0 0 0 0 0 0 0 0 0 0
41110 - Recurring Revenues 0
41110 - Recurring Revenues 0
POWER REVENUE- 0 0 0 0 0 0 0 0 0 0 0 0 0
INSTALLATION REVENUE- 0 0 0 0 0 0 0 0 0 0 0 0 0
OTHER REVENUE- 0 0 0 0 0 0 0 0 0 0 0 0 0
-
TOTAL REVENUE. 0 0 0 0 0 0 0 0 0 0 0 0 0

Gross Profit 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit Margin % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Cash Gross Profit 0 0 0 0 0 0 0 0 0 0 0 0 0

Cash Gross Profit Margin % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

SALES & MARKETING, GENERAL & ADMIN.

US600 - SALARIES AND BENEFITS. 357,040 366,042 383,861 408,777 408,747 408,753 395,381 376,478 372,977 382,118 382,118 382,118 4,624,410
US610 - RECRUITING AND RELOCATION. 0 0 6,000 6,000 0 0 0 3,000 0 0 0 0 15,000
US620 - TRAINING AND SUBSCRIPTIONS. 8,358 8,358 8,692 8,858 8,858 8,858 8,858 8,025 7,858 7,858 7,858 7,858 100,300
US630 - TRAVEL. 35,160 36,260 37,860 39,710 39,710 39,710 39,710 38,031 37,531 37,531 37,531 37,531 456,276
US640 - ENTERTAINMENT. 7,571 7,571 7,894 8,056 8,056 8,056 8,056 7,247 7,086 7,086 7,086 7,086 90,847
US650 - OFFICE EXPENSES. 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 3,800 45,600
US660 - RENT AND FACILITY COSTS. 650 650 650 650 650 650 650 650 650 650 650 650 7,800
US670 - OUTSIDE SERVICES CONSULTING. 19,500 19,500 19,500 33,500 19,500 19,500 4,500 4,500 4,500 10,500 4,500 4,500 164,000
US680 - REPAIRS AND MAINTENANCE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US690 - UTILITIES. 4,750 4,750 4,875 5,000 5,000 4,875 4,875 4,125 4,000 4,000 4,000 4,000 54,250
US700 - ADVERTISING AND PROMOTIONS. 37,083 37,083 37,083 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 50,417 565,000
US710 - TAXES, LICENSES AND INSURANCE. 7,000 7,000 7,000 7,000 7,000 8,500 8,500 8,500 8,500 8,500 8,500 8,500 94,500
US750 - OTHER OPERATING EXPENSE. 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 33,000
US755 - BAD DEBT EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US720 - OTHER COST OF SALES. 0 0 0 0 0 0 0 0 0 0 0 0 0
US730 - DEPRECIATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US735 - AMORTIZATION. 0 0 0 0 0 0 0 0 0 0 0 0 0
US740 - ACCRETION EXPENSE. 0 0 0 0 0 0 0 0 0 0 0 0 0
US760 - STOCK BASED COMPENSATION EXPENSE. 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 936,605

Total SG&A Expense 561,713 571,814 598,015 652,568 632,537 633,919 605,546 585,574 578,119 593,261 587,261 587,261 7,187,588

Total SG&A Cash Expense 483,662 493,764 519,965 574,518 554,487 555,868 527,496 507,524 500,069 515,210 509,210 509,210 6,250,983

Total Cash Expense 483,662 493,764 519,965 574,518 554,487 555,868 527,496 507,524 500,069 515,210 509,210 509,210 6,250,983
Total Cash Expense % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Total Non Cash Expense 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 78,050 936,605

Total Expenses 561,713 571,814 598,015 652,568 632,537 633,919 605,546 585,574 578,119 593,261 587,261 587,261 7,187,588
Total Expense % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

EBIT - (561,713) (571,814) (598,015) (652,568) (632,537) (633,919) (605,546) (585,574) (578,119) (593,261) (587,261) (587,261) (7,187,588)

US800 - INTEREST INCOME

US810 - INTEREST EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
US840 - INCOME TAXES 0

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx

 #REF!
#REF!
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget.
January February March April May June July August September October November December
Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Netherlands Central Total
US833 - EXT OF DEBT GAIN/(LOSS) 0
US815 - INTERCOMPANY INTEREST 0 0 957,754 0 0 974,901 0 0 992,309 0 0 999,122 3,924,086
US820 - FOREIGN EXCHANGE 0 0 0 0 0 0 0 0 0 0 0 0 0
US825 - ALLOCATED INCOMES/COSTS 0 0 1,196,886 0 0 1,196,886 0 0 1,196,886 0 0 1,196,886 4,787,545
US830 - OTHER INCOME AND EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Expense 0 0 2,154,640 0 0 2,171,787 0 0 2,189,195 0 0 2,196,009 8,711,631
Total Other Expense % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17 1.00E+17
Net Income - (561,713) (571,814) (2,752,656) (652,568) (632,537) (2,805,706) (605,546) (585,574) (2,767,314) (593,261) (587,261) (2,783,269) (15,899,219)
Net Income % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

EBITDA - (483,662) (493,764) (519,965) (574,518) (554,487) (555,868) (527,496) (507,524) (500,069) (515,210) (509,210) (509,210) (6,250,983)
EBITDA Margin % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Printed 05/27/2023 16:52:43 file:///conversion/tmp/activity_task_scratch/668327561.xlsx