The Supreme Courts
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 | |||||||||||||
| Membership Fees | 0% | 175 | 150 | 40 | 40 | 35 | 35 | 80 | 65 | 45 | 40 | 40 | 35 |
| Walk-in Fees | 0% | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 |
| Camps, Clinics, and Programs | 0% | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| Court Rentals | 0% | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| Leagues | 0% | 0 | 256 | 256 | 256 | 256 | 0 | 256 | 256 | 256 | 256 | 0 | 256 |
| Personal Training | 0% | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 |
| Pro Shop | 0% | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Food and Beverages | 0% | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Massage Therapy Clinic | 0% | 60 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 |
| Other (Outside Tournaments…) | 0% | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Total Unit Sales | 1,347 | 1,609 | 1,498 | 1,498 | 1,494 | 1,237 | 1,538 | 1,524 | 1,503 | 1,498 | 1,243 | 1,493 | |
| 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 | |
| Membership Fees | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | $647.00 | |
| Walk-in Fees | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | |
| Camps, Clinics, and Programs | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | $25.00 | |
| Court Rentals | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | |
| Leagues | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | $65.00 | |
| Personal Training | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | $15.00 | |
| Pro Shop | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | $1,500.00 | |
| Food and Beverages | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | |
| Massage Therapy Clinic | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | |
| Other (Outside Tournaments…) | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | $4,000.00 | |
| Sales | |||||||||||||
| Membership Fees | $113,225 | $97,050 | $25,880 | $25,880 | $22,645 | $22,645 | $51,760 | $42,055 | $29,115 | $25,880 | $25,880 | $22,645 | |
| Walk-in Fees | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | $4,050 | |
| Camps, Clinics, and Programs | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Court Rentals | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | |
| Leagues | $0 | $16,640 | $16,640 | $16,640 | $16,640 | $0 | $16,640 | $16,640 | $16,640 | $16,640 | $0 | $16,640 | |
| Personal Training | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | $1,350 | |
| Pro Shop | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Food and Beverages | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Massage Therapy Clinic | $300 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | |
| Other (Outside Tournaments…) | $0 | $4,000 | $0 | $0 | $4,000 | $0 | $0 | $4,000 | $0 | $0 | $4,000 | $0 | |
| Total Sales | $126,825 | $131,440 | $56,270 | $56,270 | $57,035 | $36,395 | $82,150 | $76,445 | $59,505 | $56,270 | $43,630 | $53,035 | |
| 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 | |
| Membership Fees | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Walk-in Fees | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Camps, Clinics, and Programs | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Court Rentals | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Leagues | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Personal Training | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Pro Shop | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Food and Beverages | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Massage Therapy Clinic | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Other (Outside Tournaments…) | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Direct Cost of Sales | |||||||||||||
| Membership Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Walk-in Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Camps, Clinics, and Programs | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Court Rentals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leagues | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Personal Training | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Pro Shop | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Food and Beverages | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Massage Therapy Clinic | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other (Outside Tournaments…) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| 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 | ||
| Rich Bohne | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Brian Ehlert | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Fitness Area Manager | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Food Service Manager | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
| Book Keeper | 0% | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
| General Staff (7) | 0% | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 | $11,525 |
| Janitor | 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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | |
| Total Payroll | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | |
| 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 | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
| 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 | $126,825 | $131,440 | $56,270 | $56,270 | $57,035 | $36,395 | $82,150 | $76,445 | $59,505 | $56,270 | $43,630 | $53,035 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross Margin | $126,825 | $131,440 | $56,270 | $56,270 | $57,035 | $36,395 | $82,150 | $76,445 | $59,505 | $56,270 | $43,630 | $53,035 | |
| Gross Margin % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | |
| Sales and Marketing and Other Expenses | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | $7,116 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leased Equipment | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
| Repairs and Maintanence | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Landscape Maintanence | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Accounting Fees | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Legal Fees | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Telephone | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Utilities (Gas, Electric, Water, Sewer) | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | |
| Insurance | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Rent | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 15% | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 | $4,511 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | $52,752 | |
| Profit Before Interest and Taxes | $74,073 | $78,688 | $3,518 | $3,518 | $4,283 | ($16,357) | $29,398 | $23,693 | $6,753 | $3,518 | ($9,122) | $283 | |
| EBITDA | $74,073 | $78,688 | $3,518 | $3,518 | $4,283 | ($16,357) | $29,398 | $23,693 | $6,753 | $3,518 | ($9,122) | $283 | |
| Interest Expense | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | $10,417 | |
| Taxes Incurred | $19,097 | $10,241 | ($1,035) | ($1,035) | ($920) | ($4,016) | $2,847 | $1,991 | ($550) | ($1,035) | ($2,931) | ($1,520) | |
| Net Profit | $44,559 | $58,030 | ($5,864) | ($5,864) | ($5,214) | ($22,758) | $16,134 | $11,285 | ($3,114) | ($5,864) | ($16,608) | ($8,614) | |
| Net Profit/Sales | 35.13% | 44.15% | -10.42% | -10.42% | -9.14% | -62.53% | 19.64% | 14.76% | -5.23% | -10.42% | -38.07% | -16.24% | |
| 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 | $50,730 | $52,576 | $22,508 | $22,508 | $22,814 | $14,558 | $32,860 | $30,578 | $23,802 | $22,508 | $17,452 | $21,214 | |
| Cash from Receivables | $0 | $2,537 | $76,187 | $77,361 | $33,762 | $33,777 | $33,808 | $22,752 | $49,176 | $45,528 | $35,638 | $33,509 | |
| Subtotal Cash from Operations | $50,730 | $55,113 | $98,695 | $99,869 | $56,576 | $48,335 | $66,668 | $53,330 | $72,978 | $68,036 | $53,090 | $54,723 | |
| 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 | $0 | $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 | $50,730 | $55,113 | $98,695 | $99,869 | $56,576 | $48,335 | $66,668 | $53,330 | $72,978 | $68,036 | $53,090 | $54,723 | |
| 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 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | $30,075 | |
| Bill Payments | $1,740 | $51,896 | $42,959 | $32,059 | $32,063 | $32,071 | $29,307 | $35,913 | $35,001 | $32,528 | $31,996 | $30,210 | |
| Subtotal Spent on Operations | $31,815 | $81,971 | $73,034 | $62,134 | $62,138 | $62,146 | $59,382 | $65,988 | $65,076 | $62,603 | $62,071 | $60,285 | |
| 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 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $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 | $31,815 | $81,971 | $73,034 | $62,134 | $62,138 | $62,146 | $59,382 | $65,988 | $65,076 | $62,603 | $62,071 | $60,285 | |
| Net Cash Flow | $18,915 | ($26,858) | $25,662 | $37,735 | ($5,562) | ($13,810) | $7,287 | ($12,657) | $7,902 | $5,433 | ($8,981) | ($5,562) | |
| Cash Balance | $355,415 | $328,557 | $354,219 | $391,953 | $386,391 | $372,581 | $379,868 | $367,210 | $375,113 | $380,546 | $371,565 | $366,003 | |
| 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 | $336,500 | $355,415 | $328,557 | $354,219 | $391,953 | $386,391 | $372,581 | $379,868 | $367,210 | $375,113 | $380,546 | $371,565 | $366,003 |
| Accounts Receivable | $0 | $76,095 | $152,423 | $109,997 | $66,399 | $66,858 | $54,917 | $70,399 | $93,514 | $80,041 | $68,275 | $58,815 | $57,126 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $336,500 | $431,510 | $480,980 | $464,216 | $458,352 | $453,249 | $427,498 | $450,267 | $460,724 | $455,154 | $448,820 | $430,380 | $423,130 |
| 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 | $336,500 | $431,510 | $480,980 | $464,216 | $458,352 | $453,249 | $427,498 | $450,267 | $460,724 | $455,154 | $448,820 | $430,380 | $423,130 |
| 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 | $0 | $50,451 | $41,890 | $30,990 | $30,990 | $31,101 | $28,109 | $34,743 | $33,916 | $31,460 | $30,990 | $29,158 | $30,521 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $50,451 | $41,890 | $30,990 | $30,990 | $31,101 | $28,109 | $34,743 | $33,916 | $31,460 | $30,990 | $29,158 | $30,521 |
| Long-term Liabilities | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 |
| Total Liabilities | $1,250,000 | $1,300,451 | $1,291,890 | $1,280,990 | $1,280,990 | $1,281,101 | $1,278,109 | $1,284,743 | $1,283,916 | $1,281,460 | $1,280,990 | $1,279,158 | $1,280,521 |
| Paid-in Capital | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 |
| Retained Earnings | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) | ($2,163,500) |
| Earnings | $0 | $44,559 | $102,590 | $96,726 | $90,862 | $85,648 | $62,890 | $79,024 | $90,308 | $87,194 | $81,330 | $64,722 | $56,108 |
| Total Capital | ($913,500) | ($868,941) | ($810,910) | ($816,774) | ($822,638) | ($827,852) | ($850,610) | ($834,476) | ($823,192) | ($826,306) | ($832,170) | ($848,778) | ($857,392) |
| Total Liabilities and Capital | $336,500 | $431,510 | $480,980 | $464,216 | $458,352 | $453,249 | $427,498 | $450,267 | $460,724 | $455,154 | $448,820 | $430,380 | $423,130 |
| Net Worth | ($913,500) | ($868,941) | ($810,910) | ($816,774) | ($822,638) | ($827,852) | ($850,610) | ($834,476) | ($823,192) | ($826,306) | ($832,170) | ($848,778) | ($857,392) |
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