Center for Technology and Investment
Appendix
| Funding 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 | ||
| Funding | |||||||||||||
| Additional Fees | 0% | $270 | $310 | $357 | $410 | $472 | $543 | $624 | $718 | $825 | $949 | $1,091 | $1,255 |
| Retainer | 0% | $995 | $1,243 | $1,554 | $1,943 | $2,428 | $3,035 | $3,794 | $4,743 | $5,928 | $7,410 | $9,263 | $11,579 |
| SBA Loan Gaurantees | 0% | $108 | $135 | $168 | $211 | $263 | $329 | $411 | $514 | $643 | $803 | $1,004 | $1,255 |
| SBA Grant 1% | 0% | $162 | $170 | $179 | $188 | $197 | $207 | $217 | $228 | $240 | $252 | $264 | $278 |
| Other Loan and Grant 1% | 0% | $477 | $548 | $631 | $725 | $834 | $959 | $1,103 | $1,268 | $1,459 | $1,677 | $1,929 | $2,218 |
| Books and Resources | 0% | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 |
| Grants and Donations | 0% | $3,978 | $4,773 | $5,728 | $6,873 | $8,248 | $9,898 | $11,877 | $14,252 | $17,103 | $20,524 | $24,628 | $29,554 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Funding | $6,239 | $7,430 | $8,867 | $10,600 | $12,692 | $15,221 | $18,277 | $21,973 | $26,447 | $31,865 | $38,430 | $46,389 | |
| Direct Cost of Funding | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| COGS | $135 | $142 | $149 | $156 | $164 | $172 | $181 | $190 | $199 | $209 | $220 | $231 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cost of Funding | $135 | $142 | $149 | $156 | $164 | $172 | $181 | $190 | $199 | $209 | $220 | $231 | |
| 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 | ||
| Intern | 0% | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
| Bill Franklin | 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 |
| Second Consultant | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4,000 | $4,000 | $4,000 |
| Total People | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $9,500 | $9,500 | $9,500 | |
| 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 | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |
| Long-term Interest Rate | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
| Tax Rate | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Surplus and Deficit | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | $6,239 | $7,430 | $8,867 | $10,600 | $12,692 | $15,221 | $18,277 | $21,973 | $26,447 | $31,865 | $38,430 | $46,389 | |
| Direct Cost | $135 | $142 | $149 | $156 | $164 | $172 | $181 | $190 | $199 | $209 | $220 | $231 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Direct Cost | $135 | $142 | $149 | $156 | $164 | $172 | $181 | $190 | $199 | $209 | $220 | $231 | |
| Gross Surplus | $6,104 | $7,289 | $8,718 | $10,444 | $12,529 | $15,049 | $18,096 | $21,784 | $26,248 | $31,656 | $38,210 | $46,158 | |
| Gross Surplus % | 97.84% | 98.10% | 98.32% | 98.53% | 98.71% | 98.87% | 99.01% | 99.14% | 99.25% | 99.34% | 99.43% | 99.50% | |
| Expenses | |||||||||||||
| Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $9,500 | $9,500 | $9,500 | |
| Sales and Marketing and Other Expenses | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Depreciation | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Rent | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| Utilities | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Insurance | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | |
| Auto Lease/ Fuel | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Payroll Taxes | 10% | $550 | $550 | $550 | $550 | $550 | $550 | $550 | $550 | $550 | $950 | $950 | $950 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $8,170 | $8,170 | $8,170 | $8,170 | $8,170 | $8,170 | $8,170 | $8,170 | $8,170 | $12,570 | $12,570 | $12,570 | |
| Surplus Before Interest and Taxes | ($2,066) | ($881) | $548 | $2,274 | $4,359 | $6,879 | $9,926 | $13,614 | $18,078 | $19,086 | $25,640 | $33,588 | |
| EBITDA | ($1,766) | ($581) | $848 | $2,574 | $4,659 | $7,179 | $10,226 | $13,914 | $18,378 | $19,386 | $25,940 | $33,888 | |
| Interest Expense | $63 | $83 | $104 | $104 | $104 | $104 | $104 | $83 | $63 | $42 | $21 | $0 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Surplus | ($2,128) | ($965) | $444 | $2,170 | $4,254 | $6,774 | $9,822 | $13,530 | $18,016 | $19,044 | $25,619 | $33,588 | |
| Net Surplus/Funding | -34.12% | -12.98% | 5.00% | 20.47% | 33.52% | 44.51% | 53.74% | 61.58% | 68.12% | 59.77% | 66.67% | 72.41% | |
| 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 Funding | $3,431 | $4,087 | $4,877 | $5,830 | $6,981 | $8,371 | $10,052 | $12,085 | $14,546 | $17,526 | $21,136 | $25,514 | |
| Cash from Receivables | $0 | $94 | $2,825 | $3,365 | $4,016 | $4,801 | $5,750 | $6,895 | $8,280 | $9,955 | $11,983 | $14,438 | |
| Subtotal Cash from Operations | $3,431 | $4,180 | $7,702 | $9,195 | $10,997 | $13,173 | $15,802 | $18,980 | $22,826 | $27,481 | $33,119 | $39,952 | |
| 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 | $5,000 | $5,000 | $5,000 | $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 | $8,431 | $9,180 | $12,702 | $9,195 | $10,997 | $13,173 | $15,802 | $18,980 | $22,826 | $27,481 | $33,119 | $39,952 | |
| 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 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $9,500 | $9,500 | $9,500 | |
| Bill Payments | $114 | $3,400 | $2,454 | $2,474 | $2,474 | $2,508 | $3,441 | $2,473 | $2,453 | $2,445 | $2,844 | $3,757 | |
| Subtotal Spent on Operations | $5,614 | $8,900 | $7,954 | $7,974 | $7,974 | $8,008 | $8,941 | $7,973 | $7,953 | $11,945 | $12,344 | $13,257 | |
| 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 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | |
| 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 | $10,000 | $0 | $0 | $0 | $0 | $0 | $0 | $10,000 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $5,614 | $8,900 | $7,954 | $7,974 | $17,974 | $8,008 | $8,941 | $12,973 | $12,953 | $16,945 | $17,344 | $28,257 | |
| Net Cash Flow | $2,817 | $280 | $4,748 | $1,221 | ($6,977) | $5,165 | $6,861 | $6,007 | $9,873 | $10,536 | $15,775 | $11,695 | |
| Cash Balance | $18,767 | $19,047 | $23,795 | $25,016 | $18,039 | $23,204 | $30,065 | $36,072 | $45,945 | $56,481 | $72,256 | $83,950 | |
| 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 | $15,950 | $18,767 | $19,047 | $23,795 | $25,016 | $18,039 | $23,204 | $30,065 | $36,072 | $45,945 | $56,481 | $72,256 | $83,950 |
| Accounts Receivable | $0 | $2,807 | $6,057 | $7,222 | $8,627 | $10,322 | $12,370 | $14,845 | $17,838 | $21,460 | $25,844 | $31,155 | $37,592 |
| Inventory | $0 | $865 | $724 | $575 | $419 | $255 | $1,083 | $902 | $713 | $514 | $305 | $1,085 | $854 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $15,950 | $22,440 | $25,828 | $31,592 | $34,062 | $28,616 | $36,657 | $45,812 | $54,623 | $67,918 | $82,629 | $104,495 | $122,396 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $30,000 |
| Accumulated Depreciation | $0 | $300 | $600 | $900 | $1,200 | $1,500 | $1,800 | $2,100 | $2,400 | $2,700 | $3,000 | $3,300 | $3,600 |
| Total Long-term Assets | $10,000 | $9,700 | $9,400 | $9,100 | $8,800 | $18,500 | $18,200 | $17,900 | $17,600 | $17,300 | $17,000 | $16,700 | $26,400 |
| Total Assets | $25,950 | $32,140 | $35,228 | $40,692 | $42,862 | $47,116 | $54,857 | $63,712 | $72,223 | $85,218 | $99,629 | $121,195 | $148,796 |
| 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 | $3,318 | $2,372 | $2,392 | $2,392 | $2,392 | $3,358 | $2,392 | $2,372 | $2,351 | $2,718 | $3,664 | $2,678 |
| Current Borrowing | $10,000 | $15,000 | $20,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $20,000 | $15,000 | $10,000 | $5,000 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $10,000 | $18,318 | $22,372 | $27,392 | $27,392 | $27,392 | $28,358 | $27,392 | $22,372 | $17,351 | $12,718 | $8,664 | $2,678 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $10,000 | $18,318 | $22,372 | $27,392 | $27,392 | $27,392 | $28,358 | $27,392 | $22,372 | $17,351 | $12,718 | $8,664 | $2,678 |
| Paid-in Capital | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 |
| Accumulated Surplus/Deficit | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) | ($19,050) |
| Surplus/Deficit | $0 | ($2,128) | ($3,093) | ($2,649) | ($480) | $3,774 | $10,549 | $20,371 | $33,901 | $51,917 | $70,961 | $96,581 | $130,169 |
| Total Capital | $15,950 | $13,822 | $12,857 | $13,301 | $15,470 | $19,724 | $26,499 | $36,321 | $49,851 | $67,867 | $86,911 | $112,531 | $146,119 |
| Total Liabilities and Capital | $25,950 | $32,140 | $35,228 | $40,692 | $42,862 | $47,116 | $54,857 | $63,712 | $72,223 | $85,218 | $99,629 | $121,195 | $148,796 |
| Net Worth | $15,950 | $13,822 | $12,857 | $13,301 | $15,470 | $19,724 | $26,499 | $36,321 | $49,851 | $67,867 | $86,911 | $112,531 | $146,119 |
By 
