House of Projectors
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 | ||
| Sales | |||||||||||||
| Entrepreneurs | 0% | $0 | $0 | $285 | $513 | $855 | $1,280 | $1,642 | $1,918 | $2,166 | $3,223 | $3,363 | $3,551 |
| Companies | 0% | $0 | $500 | $500 | $900 | $1,500 | $2,245 | $2,880 | $3,365 | $3,800 | $5,655 | $5,900 | $6,230 |
| Total Sales | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Entrepreneurs | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Companies | $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 | ||
| John | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Bookkeeper | 0% | $400 | $400 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 |
| Sales | 0% | $0 | $500 | $1,000 | $1,000 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
| Customer support | 0% | $0 | $1,000 | $2,000 | $3,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Total People | 2 | 4 | 5 | 6 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | $2,400 | $3,900 | $5,600 | $6,600 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | |
| 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% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| 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 | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Costs of Sales | $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 | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| Gross Margin % | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | $2,400 | $3,900 | $5,600 | $6,600 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | |
| Sales and Marketing and Other Expenses | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Depreciation | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | |
| Rent | $650 | $650 | $650 | $650 | $650 | $650 | $650 | $650 | $650 | $650 | $650 | $650 | |
| Utilities | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Insurance | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Payroll Taxes | 15% | $360 | $585 | $840 | $990 | $1,260 | $1,260 | $1,260 | $1,260 | $1,260 | $1,260 | $1,260 | $1,260 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $4,793 | $6,518 | $8,473 | $9,623 | $11,693 | $11,693 | $11,693 | $11,693 | $11,693 | $11,693 | $11,693 | $11,693 | |
| Profit Before Interest and Taxes | ($4,793) | ($6,018) | ($7,688) | ($8,210) | ($9,338) | ($8,168) | ($7,171) | ($6,410) | ($5,727) | ($2,815) | ($2,430) | ($1,912) | |
| EBITDA | ($3,960) | ($5,185) | ($6,855) | ($7,377) | ($8,505) | ($7,335) | ($6,338) | ($5,577) | ($4,894) | ($1,982) | ($1,597) | ($1,079) | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($4,793) | ($6,018) | ($7,688) | ($8,210) | ($9,338) | ($8,168) | ($7,171) | ($6,410) | ($5,727) | ($2,815) | ($2,430) | ($1,912) | |
| Net Profit/Sales | 0.00% | -1203.60% | -979.36% | -581.03% | -396.52% | -231.75% | -158.60% | -121.33% | -95.99% | -31.70% | -26.23% | -19.55% | |
| 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 | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| Subtotal Cash from Operations | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| 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 | $0 | $500 | $785 | $1,413 | $2,355 | $3,525 | $4,522 | $5,283 | $5,966 | $8,878 | $9,263 | $9,781 | |
| 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 | $2,400 | $3,900 | $5,600 | $6,600 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | $8,400 | |
| Bill Payments | $52 | $1,568 | $1,794 | $2,045 | $2,199 | $2,460 | $2,460 | $2,460 | $2,460 | $2,460 | $2,460 | $2,460 | |
| Subtotal Spent on Operations | $2,452 | $5,468 | $7,394 | $8,645 | $10,599 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | |
| 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 | $2,452 | $5,468 | $7,394 | $8,645 | $10,599 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | $10,860 | |
| Net Cash Flow | ($2,452) | ($4,968) | ($6,609) | ($7,232) | ($8,244) | ($7,335) | ($6,338) | ($5,577) | ($4,894) | ($1,982) | ($1,597) | ($1,079) | |
| Cash Balance | $65,648 | $60,681 | $54,072 | $46,840 | $38,596 | $31,261 | $24,922 | $19,345 | $14,451 | $12,470 | $10,873 | $9,794 | |
| 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 | $68,100 | $65,648 | $60,681 | $54,072 | $46,840 | $38,596 | $31,261 | $24,922 | $19,345 | $14,451 | $12,470 | $10,873 | $9,794 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $68,100 | $65,648 | $60,681 | $54,072 | $46,840 | $38,596 | $31,261 | $24,922 | $19,345 | $14,451 | $12,470 | $10,873 | $9,794 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Accumulated Depreciation | $0 | $833 | $1,666 | $2,499 | $3,332 | $4,165 | $4,998 | $5,831 | $6,664 | $7,497 | $8,330 | $9,163 | $9,996 |
| Total Long-term Assets | $50,000 | $49,167 | $48,334 | $47,501 | $46,668 | $45,835 | $45,002 | $44,169 | $43,336 | $42,503 | $41,670 | $40,837 | $40,004 |
| Total Assets | $118,100 | $114,815 | $109,014 | $101,573 | $93,508 | $84,431 | $76,262 | $69,091 | $62,681 | $56,954 | $54,139 | $51,709 | $49,797 |
| 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 | $1,508 | $1,726 | $1,972 | $2,117 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 |
| 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 | $1,508 | $1,726 | $1,972 | $2,117 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $1,508 | $1,726 | $1,972 | $2,117 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 | $2,378 |
| Paid-in Capital | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 |
| Retained Earnings | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) | ($6,900) |
| Earnings | $0 | ($4,793) | ($10,811) | ($18,499) | ($26,709) | ($36,047) | ($44,216) | ($51,387) | ($57,797) | ($63,524) | ($66,339) | ($68,769) | ($70,681) |
| Total Capital | $118,100 | $113,307 | $107,289 | $99,601 | $91,391 | $82,053 | $73,884 | $66,713 | $60,303 | $54,576 | $51,761 | $49,331 | $47,419 |
| Total Liabilities and Capital | $118,100 | $114,815 | $109,014 | $101,573 | $93,508 | $84,431 | $76,262 | $69,091 | $62,681 | $56,954 | $54,139 | $51,709 | $49,797 |
| Net Worth | $118,100 | $113,307 | $107,289 | $99,601 | $91,391 | $82,053 | $73,884 | $66,713 | $60,303 | $54,576 | $51,761 | $49,331 | $47,419 |
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