Statements

Projected Profit & Loss

FY2022 FY2023 FY2024

Revenue 5,610,100 6,545,000 7,430,000

Direct Costs 2,244,040 2,618,000 2,972,000

Gross Margin 3,366,060 3,927,000 4,458,000

Gross Margin % 60% 60% 60%

Operating Expenses

Salaries & Wages 1,932,000 2,058,600 2194,530

Employee Related Expenses 386,400 411,720 438,910

Marketing 280,510 327,250 371,500

Utilities, phones, Internet etc. 60,000 60,000 60,000

Total Operating Expenses 2,658,910 2,857,570 3,064,930

797,150 1,069,430 1,393,070

Operating Income

Interest Incurred 9,510 5,830 4,270

Depreciation and Amortization 120,000 120,000 120,000

Gain or Loss from Sale of Assets

Income Taxes 32,650 84,540 127,320

Total Expenses 5,065,110 5,685,930 6,288,530

Net Profit 544,990 859,070 1,141,470

Net Profit/Sales 9.71% 13.13% 15.36%
Projected Balance Sheet

Starting Balances FY2022 FY2023 FY2024

Cash 670,000 802,340 1,332,400 2,144,670

Accounts Receivable 0 0 0 0

Inventory 160,000 218,150 247,650 247,650

Other Current Assets

Total Current Assets 830,000 1,020,480 1,580,050 2,392,320

Long-Term Assets 600,000 600,000 600,000 600,000

Accumulated
(120,000) (240,000) (360,000)
Depreciation

Total Long-Term
600,000 480,000 360,000 240,000
Assets

Total Assets 1,430,000 1,500,480 1,940,050 2,632,320

Accounts Payable 0 0 0

Income Taxes Payable 22,320 21,160 31,840

Sales Taxes Payable 0 0 0

Short-Term Debt 136,830 38,330 39,890 41,520

Prepaid Revenue

Total Current
136,830 60,650 61,050 73,360
Liabilities

Long-Term Debt 163,170 124,840 84,950 43,430

Long-Term Liabilities 163,170 124,840 84,950 43,430

Total Liabilities 300,000 185,490 146,000 116,790

Paid-In Capital 1,400,000 1,400,000 1,400,000 1,400,000

Retained Earnings (270,000) (270,000) (85,010) 394,060

Earnings 184,990 479,060 721,480

Total Owner’s Equity 1,130,000 1,314,990 1,794,060 2,515,530

Total Liabilities &

1,430,000 1,500,480 1,940,050 2,632,320
Equity

Projected Cash Flow Statement

 FY2022 FY2023 FY2024

Net Cash Flow from

Operations

Net Profit 544,990 859,070 1,141,470

Depreciation & Amortization 120,000 120,000 120,000

Change in Accounts Receivable 0 0 0

Change in Inventory (58,150) (29,500) 0

Change in Accounts Payable 0 0 0

Change in Income Tax Payable 22,320 (1,160) 10,680

Change in Sales Tax Payable 0 0 0

Change in Prepaid Revenue

Net Cash Flow from

629,160 948,410 1,272,150
Operations

Investing & Financing

Assets Purchased or Sold

Net Cash from Investing

Investments Received

Dividends & Distributions

Change in Short-Term Debt (98,500) 1,560 1,630

Change in Long-Term Debt (38,330) (39,890) (41,520)

Net Cash from Financing (136,830) (38,330) (39,890)

Cash at Beginning of Period 670,000 802,340 1,332,400

Net Change in Cash 492,330 910,080 1,232,260

Cash at End of Period 1,162,330 1,712,420 2,564,660