Pegasus Sports
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Unit Sales | |||||||||||||
| BladeBoots | 0% | 20 | 35 | 40 | 50 | 70 | 75 | 75 | 80 | 125 | 160 | 175 | 235 |
| SkateSails | 0% | 5 | 15 | 40 | 52 | 70 | 75 | 80 | 100 | 100 | 150 | 170 | 215 |
| SkateAid | 0% | 15 | 30 | 60 | 70 | 75 | 80 | 115 | 160 | 175 | 200 | 280 | 300 |
| Total Unit Sales | 40 | 80 | 140 | 172 | 215 | 230 | 270 | 340 | 400 | 510 | 625 | 750 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| BladeBoots | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | $24.95 | |
| SkateSails | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | $350.00 | |
| SkateAid | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | |
| Sales | |||||||||||||
| BladeBoots | $499 | $873 | $998 | $1,248 | $1,747 | $1,871 | $1,871 | $1,996 | $3,119 | $3,992 | $4,366 | $5,863 | |
| SkateSails | $1,750 | $5,250 | $14,000 | $18,200 | $24,500 | $26,250 | $28,000 | $35,000 | $35,000 | $52,500 | $59,500 | $75,250 | |
| SkateAid | $675 | $1,350 | $2,700 | $3,150 | $3,375 | $3,600 | $5,175 | $7,200 | $7,875 | $9,000 | $12,600 | $13,500 | |
| Total Sales | $2,924 | $7,473 | $17,698 | $22,598 | $29,622 | $31,721 | $35,046 | $44,196 | $45,994 | $65,492 | $76,466 | $94,613 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| BladeBoots | 0.00% | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 |
| SkateSails | 0.00% | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 |
| SkateAid | 0.00% | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 |
| Direct Cost of Sales | |||||||||||||
| BladeBoots | $200 | $350 | $400 | $500 | $700 | $750 | $750 | $800 | $1,250 | $1,600 | $1,750 | $2,350 | |
| SkateSails | $500 | $1,500 | $4,000 | $5,200 | $7,000 | $7,500 | $8,000 | $10,000 | $10,000 | $15,000 | $17,000 | $21,500 | |
| SkateAid | $105 | $210 | $420 | $490 | $525 | $560 | $805 | $1,120 | $1,225 | $1,400 | $1,960 | $2,100 | |
| Subtotal Direct Cost of Sales | $805 | $2,060 | $4,820 | $6,190 | $8,225 | $8,810 | $9,555 | $11,920 | $12,475 | $18,000 | $20,710 | $25,950 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sal | 0% | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 |
| Sandi | 0% | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | |
| Long-term Interest Rate | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | 10.50% | |
| Tax Rate | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $2,924 | $7,473 | $17,698 | $22,598 | $29,622 | $31,721 | $35,046 | $44,196 | $45,994 | $65,492 | $76,466 | $94,613 | |
| Direct Cost of Sales | $805 | $2,060 | $4,820 | $6,190 | $8,225 | $8,810 | $9,555 | $11,920 | $12,475 | $18,000 | $20,710 | $25,950 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $805 | $2,060 | $4,820 | $6,190 | $8,225 | $8,810 | $9,555 | $11,920 | $12,475 | $18,000 | $20,710 | $25,950 | |
| Gross Margin | $2,119 | $5,413 | $12,878 | $16,408 | $21,397 | $22,911 | $25,491 | $32,276 | $33,519 | $47,492 | $55,756 | $68,663 | |
| Gross Margin % | 72.47% | 72.44% | 72.77% | 72.61% | 72.23% | 72.23% | 72.74% | 73.03% | 72.88% | 72.52% | 72.92% | 72.57% | |
| Expenses | |||||||||||||
| Payroll | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | |
| Sales and Marketing and Other Expenses | $1,550 | $1,600 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | $1,550 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leased Equipment | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Utilities | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Insurance | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Rent | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | $900 | |
| Payroll Taxes | 10% | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $6,358 | $6,408 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | $6,358 | |
| Profit Before Interest and Taxes | ($4,239) | ($995) | $6,520 | $10,049 | $15,038 | $16,553 | $19,133 | $25,918 | $27,160 | $41,134 | $49,398 | $62,305 | |
| EBITDA | ($4,239) | ($995) | $6,520 | $10,049 | $15,038 | $16,553 | $19,133 | $25,918 | $27,160 | $41,134 | $49,398 | $62,305 | |
| Interest Expense | $473 | $463 | $453 | $443 | $438 | $438 | $438 | $438 | $438 | $438 | $438 | $438 | |
| Taxes Incurred | ($1,178) | ($364) | $1,517 | $2,402 | $3,650 | $4,029 | $4,674 | $6,370 | $6,681 | $10,174 | $12,240 | $15,467 | |
| Net Profit | ($3,534) | ($1,093) | $4,550 | $7,205 | $10,950 | $12,087 | $14,022 | $19,110 | $20,042 | $30,522 | $36,720 | $46,401 | |
| Net Profit/Sales | -120.86% | -14.63% | 25.71% | 31.88% | 36.97% | 38.10% | 40.01% | 43.24% | 43.58% | 46.60% | 48.02% | 49.04% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $2,924 | $7,473 | $17,698 | $22,598 | $29,622 | $31,721 | $35,046 | $44,196 | $45,994 | $65,492 | $76,466 | $94,613 | |
| Subtotal Cash from Operations | $2,924 | $7,473 | $17,698 | $22,598 | $29,622 | $31,721 | $35,046 | $44,196 | $45,994 | $65,492 | $76,466 | $94,613 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $50,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $52,924 | $7,473 | $17,698 | $22,598 | $29,622 | $31,721 | $35,046 | $44,196 | $45,994 | $65,492 | $76,466 | $94,613 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | $2,917 | |
| Bill Payments | $325 | $3,819 | $6,456 | $13,291 | $14,117 | $17,972 | $17,414 | $19,122 | $24,733 | $24,128 | $38,187 | $40,185 | |
| Subtotal Spent on Operations | $3,241 | $6,736 | $9,372 | $16,207 | $17,033 | $20,888 | $20,330 | $22,039 | $27,650 | $27,045 | $41,103 | $43,102 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $1,000 | $1,000 | $1,000 | $1,000 | $500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2,000 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $4,241 | $7,736 | $10,372 | $17,207 | $17,533 | $20,888 | $20,330 | $22,039 | $27,650 | $27,045 | $43,103 | $43,102 | |
| Net Cash Flow | $48,683 | ($262) | $7,326 | $5,390 | $12,088 | $10,833 | $14,716 | $22,157 | $18,344 | $38,447 | $33,363 | $51,511 | |
| Cash Balance | $58,679 | $58,416 | $65,742 | $71,132 | $83,220 | $94,053 | $108,769 | $130,926 | $149,270 | $187,717 | $221,080 | $272,591 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $9,996 | $58,679 | $58,416 | $65,742 | $71,132 | $83,220 | $94,053 | $108,769 | $130,926 | $149,270 | $187,717 | $221,080 | $272,591 |
| Inventory | $1,500 | $1,695 | $2,266 | $5,302 | $6,809 | $9,048 | $9,691 | $10,511 | $13,112 | $13,723 | $19,800 | $22,781 | $28,545 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 |
| Total Current Assets | $11,496 | $60,374 | $60,682 | $71,044 | $77,941 | $92,268 | $103,744 | $119,279 | $144,038 | $162,992 | $207,517 | $245,861 | $303,136 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $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 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $11,496 | $60,374 | $60,682 | $71,044 | $77,941 | $92,268 | $103,744 | $119,279 | $144,038 | $162,992 | $207,517 | $245,861 | $303,136 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $200 | $3,612 | $6,013 | $12,825 | $13,517 | $17,393 | $16,783 | $18,297 | $23,945 | $22,857 | $36,860 | $38,483 | $49,358 |
| Current Borrowing | $4,500 | $3,500 | $2,500 | $1,500 | $500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $4,700 | $7,112 | $8,513 | $14,325 | $14,017 | $17,393 | $16,783 | $18,297 | $23,945 | $22,857 | $36,860 | $38,483 | $49,358 |
| Long-term Liabilities | $0 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Total Liabilities | $4,700 | $57,112 | $58,513 | $64,325 | $64,017 | $67,393 | $66,783 | $68,297 | $73,945 | $72,857 | $86,860 | $88,483 | $99,358 |
| Paid-in Capital | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 |
| Retained Earnings | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) | ($9,204) |
| Earnings | $0 | ($3,534) | ($4,627) | ($77) | $7,128 | $18,079 | $30,165 | $44,187 | $63,297 | $83,339 | $113,861 | $150,582 | $196,982 |
| Total Capital | $6,796 | $3,262 | $2,169 | $6,719 | $13,924 | $24,875 | $36,961 | $50,983 | $70,093 | $90,135 | $120,657 | $157,378 | $203,778 |
| Total Liabilities and Capital | $11,496 | $60,374 | $60,682 | $71,044 | $77,941 | $92,268 | $103,744 | $119,279 | $144,038 | $162,992 | $207,517 | $245,861 | $303,136 |
| Net Worth | $6,796 | $3,262 | $2,169 | $6,719 | $13,924 | $24,875 | $36,961 | $50,983 | $70,093 | $90,135 | $120,657 | $157,378 | $203,778 |
By 
