Projected Income
Statement
of
Catchy Software, Inc.
| Item |
2004 |
2005 |
2006 |
| Revenues |
|
|
|
| Existing Products |
$400,000 |
$625,000 |
$1,500,000 |
| New Products |
50,000 |
1,000,000 |
1,500,000 |
| Total Revenues |
450,000 |
1,625,000 |
3,000,000 |
| |
|
|
|
| Cost of Sales |
|
|
|
| Existing Products |
200,000 |
300,000 |
500,000 |
| New Products |
25,000 |
400,000 |
600,000 |
| Total Revenues |
225,000 |
925,000 |
1,900,000 |
| |
|
|
|
| Expenses |
|
|
|
| Salaries & Wages |
150,000 |
250,000 |
500,000 |
| Consultants |
25,000 |
25,000 |
40,000 |
| Benefits |
25,000 |
35,000 |
50,000 |
| Payroll Taxes |
15,000 |
20,000 |
35,000 |
| Research & Development |
75,000 |
80,000 |
100,000 |
| Insurance |
15,000 |
20,000 |
25,000 |
| Rent |
25,000 |
27,000 |
30,000 |
| Utilities |
7,000 |
10,000 |
15,000 |
| Advertising & Marketing |
40,000 |
60,000 |
75,000 |
| Web Site |
10,000 |
15,000 |
15,000 |
| Office Supplies |
5,000 |
15,000 |
15,000 |
| Legal |
15,000 |
20,000 |
25,000 |
| Entertainment |
5,000 |
10,000 |
10,000 |
| Bad Debt Reserve |
10,000 |
20,000 |
35,000 |
| California Sales Tax |
30,000 |
100,000 |
240,000 |
| Total Operating Expenses |
452,000 |
707,000 |
1,210,000 |
| Net Income (Losses) Before Taxes |
(277,000) |
218,000 |
690,000 |
| Taxes Paid (Federal) |
0 |
50,000 |
200,000 |
| Net Income (Loss) |
(277,000) |
168,000 |
490,000 |
|
