x1.xlsx - Financial Plan Assumptions Balance Sheet Accounts receivable Inventory Accounts payable 1 months 2 months 1 months Income Statement Ratio of

x1.xlsx - Financial Plan Assumptions Balance Sheet Accounts...

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Financial PlanAssumptions12/05/2019 07:46:15Confidential35b2db71a854b8242e51db595843f7639ac82a7b.xlsx AssumptionsBalance SheetAccounts receivable1 monthsInventory2 monthsAccounts payable1 monthsIncome StatementRatio of D1 to H110RevenueH1$ 250,000 D1$ 50,000 Cost of GoodsH135%D145%Commissions8%Payroll taxes and benefits25.00% % of salaryRecruiting cost$ 15,000 FeeSundry costs200 $ per headTravel per head$3,000 Venture debt interest rate7.25%Taxes25% rateFixed AssetsFixed Assets/Head$5,000 Depreciation36 monthsTotal capital requiredIssuance cost$75,000 Debt to equity ratio
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Financial PlanBalance Sheets12/05/2019 07:46:15 Confidential35b2db71a854b8242e51db595843f7639ac82a7b.xlsx B.S.AssetsJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberCash($219,097)($492,700)($757,744)($1,053,606)($1,385,283)($1,682,361)($2,074,439)($2,682,517)($3,215,595)($4,935,942)($5,021,664)($4,654,261)Accounts Receivable0 0 0 0 0 0 0 0 0 1,500,000 2,250,000 3,000,000 Inventories0 0 0 0 0 0 0 0 0 1,250,000 1,875,000 2,500,000 Total Current Assets(219,097)(492,700)(757,744)(1,053,606)(1,385,283)(1,682,361)(2,074,439)(2,682,517)(3,215,595)(2,185,942)(896,664)845,739 Fixed Assets50,000 80,000 110,000 140,000 170,000 170,000 245,000 245,000 245,000 245,000 245,000 245,000 Accumulated Depreciation(1,389)(3,611)(6,667)(10,556)(15,278)(20,000)(26,806)(33,611)(40,417)(47,222)(54,028)(60,833)DepositsTotal Assets($170,486)($416,311)($654,411)($924,161)($1,230,561)($1,532,361)($1,856,244)($2,471,128)($3,011,011)($1,988,164)($705,692)$1,029,905 LiabilitiesAccounts Payable$117,700 $78,725 $79,125 $84,525 $79,925 $49,925 $340,925 $265,925 $265,925 $831,925 $1,204,425 $1,576,925 Total Current Liabilities117,700 78,725 79,125 84,525 79,925 49,925 340,925 265,925 265,925 831,925 1,204,425 1,576,925 Venture Debt0 0 0 0 0 0 0 0 0 0 0 0 Total Liabilities117,700 78,725 79,125 84,525 79,925 49,925 340,925 265,925 265,925 831,925 1,204,425 1,576,925 Shareholders' EquitySeries A Preferred Stock(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)Common StockTotal Equity(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)(75,000)Retained Earnings (Deficit)(213,186)(420,036)(658,536)(933,686)(1,235,486)(1,507,286)(2,122,169)(2,662,053)(3,201,936)(2,745,089)(1,835,117)(472,020)Total Shareholders' Equity(288,186)(495,036)(733,536)(1,008,686)(1,310,486)(1,582,286)(2,197,169)(2,737,053)(3,276,936)(2,820,089)(1,910,117)(547,020)Total Liabilities & Shareholders Equity($170,486)($416,311)($654,411)($924,161)($1,230,561)($1,532,361)($1,856,244)($2,471,128)($3,011,011)($1,988,164)($705,692)$1,029,905
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Financial Plan Income StatementsI.S.Confidential35b2db71a854b8242e51db595843f7639ac82a7b.xlsx I.S.JanFebMarAprMayJunJulAugSepOctNovDecTotalRevenueH1$0 $0 $0 $0 $0 $0 $0 $0 $0 $500,000 $750,000 $1,000,000 $2,250,000 D1$0 $0 $0 $0 $0 $0 $0 $0 $0 $1,000,000 $1,500,000 $2,000,000 $4,500,000 Total Revenue$0 $0 $0 $0 $0 $0 $0 $0 $0 $1,500,000 $2,250,000 $3,000,000 $6,750,000 COGSH1$0 $0 $0 $0 $0 $0 $0 $0 $0 $175,000 $262,500 $350,000 $787,500 D1$0 $0 $0 $0 $0 $0 $0 $0 $0 $450,000 $675,000 $900,000 $2,025,000 Total Cost of Goods$0 $0 $0 $0 $0 $0 $0 $0 $0 $625,000 $937,500 $1,250,000 $2,812,500 Gross Margin$0 $0 $0 $0 $0 $0 $0 $0 $0 $875,000 $1,312,500 $1,750,000 $3,937,500 Sales & Marketing$0 $0 $0 $0 $0 $0 $343,083 $268,083 $268,083 $258,083 $333,083 $408,083 $1,878,500 Engineering$81,650 $113,300 $144,950 $176,600 $208,250 $178,250 $178,250 $178,250 $178,250 $158,250 $158,250 $158,250 $1,912,500 G& A$132,925 $93,550 $93,550 $98,550 $93,550 $93,550 $93,550 $93,550 $93,550 $94,550 $94,550 $94,550 $1,169,975 Oper. Expenses$214,575 $206,850 $238,500 $275,150 $301,800 $271,800 $614,883 $539,883 $539,883 $510,883 $585,883 $660,883 $4,960,975 Oper. Income($214,575)($206,850)($238,500)($275,150)($301,800)($271,800)($614,883)($539,883)($539,883)$364,117 $726,617 $1,089,117 ($1,023,475)Depreciation Expense$1,389 $2,222 $3,056 $3,889 $4,722 $4,722 $6,806 $6,806 $6,806 $6,806 $6,806 $6,806 $60,833 Interest Inc./(Exp.)
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