Pro Forma Income Statement

Sales
Cost Of Goods Sold
Exepenses
Payroll
Rent
Utilities
Miscellaneous
Depriciation
Earnings Before Interest and Taxes
Interest (6%)
Earnings Before Taxes
Tax Rate (39%)
Net Income (Loss)

2015
$21,117.00
$9,924.99

2016
$227,047.00
$106,712.09

2017
$235,098.00
$110,496.06

$136,960.00
$50,400.00
$12,000.00
$2,111.70
$2,500.00
-$192,779.69
-$11,566.78
-$181,212.91
-$70,673.03
-$110,539.87

$145,140.00
$54,250.00
$12,000.00
$22,704.70
$2,500.00
-$116,259.79
-$6,975.59
-$109,284.20
-$42,620.84
-$66,663.36

$154,100.00
$56,300.00
$12,000.00
$23,509.80
$2,500.00
-$123,807.86
-$7,428.47
-$116,379.39
-$45,387.96
-$70,991.43

Pro Forma Balance Sheet

2015

2016

2017

Cash

$15,000.00

$15,000.00

$15,000.00

Inventory

$10,000.00

$10,000.00

$10,000.00

Current Assets

$25,000.00

$25,000.00

$25,000.00

Net Fixed Assets

$100,400.00

$104,250.00

$106,300.00

Total Assets

$125,400.00

$129,250.00

$131,300.00

$45,000.00

$45,000.00

$45,000.00

$45,000.00

$45,000.00

$45,000.00

$5,400.00

$84,250.00

$86,300.00

Founders Equity

$75,000.00

$0.00

$0.00

Total Equity

$80,400.00

$84,250.00

$86,300.00

$125,400.00

$129,250.00

$131,300.00

Assets

Liabilities
Long Term Liabilities
Bank Loan from BoA
Total Liabilities
Equity
Paid-in Capital

Total Liablility & Equity

Year 1 Pro-Forma Cash Flow Statement

May

June

Cash Received
Cash from Operations
Cash from Sales

$17,550.00

$21,598.00

Subtotal from Operations

$17,550.00

$21,598.00

$3,750.00

$3,750.00

New Investment Recieved

$8,333.33

$8,333.33

Owner's Invvestment

$6,250.00

$6,250.00

$18,333.33

$18,333.33

$2,632.50

$3,239.70

Management

$5,833.33

$5,833.33

Part-Time Staff

$4,320.00

$8,640.00

Rent Payment

$4,200.00

$4,200.00

Insurance Payment

$2,500.00

$2,500.00

Utility Payment ($.898/kw)

$1,000.00

$1,000.00

Miscellaneous Payment

$2,632.50

$3,239.70

$23,118.33

$28,652.73

Additional Cash Recieved

New Current Borrowing
Personal Loan from Bank of America at 6%

Subtotal Cash Recieved

Expenditures from Operations
Cash Spending
Payroll Expense

Subtotal Spent on Operations

Additional Cash Spent
Taxes
Sales Tax (7.5%)
Payroll Tax (1.5%)
Repayment of Current Borrowing
Interest Payment for BoA
Principal Payment for BoA
Purchase Other Long-term Assets
Subtotal Cash Spent

$1,316.25
$152.30

$1,619.85
$217.10

$225.00
$3,750.00
$9,125.00
$14,568.55

$225.00
$3,750.00
$7,500.00
$13,311.95

Net Cash Flow

Cash Balance

$35,883.33
-$1,803.55

$39,931.33
-$2,033.35

July

August

September

October

November

December

$24,980.00

$27,034.00

$20,740.00

$18,216.00

$13,835.00

$13,051.00

$24,980.00

$27,034.00

$20,740.00

$18,216.00

$13,835.00

$13,051.00

$3,750.00

$3,750.00

$3,750.00

$3,750.00

$3,750.00

$3,750.00

$8,333.33

$8,333.33

$8,333.33

$8,333.33

$8,333.33

$8,333.33

$6,250.00

$6,250.00

$6,250.00

$6,250.00

$6,250.00

$6,250.00

$18,333.33

$18,333.33

$18,333.33

$18,333.33

$18,333.33

$18,333.33

$3,747.00

$4,055.10

$3,111.00

$2,732.40

$2,075.25

$1,957.65

$5,833.33

$5,833.33

$5,833.33

$5,833.33

$5,833.33

$5,833.33

$8,640.00

$8,640.00

$6,480.00

$4,320.00

$4,320.00

$4,320.00

$4,200.00

$4,200.00

$4,200.00

$4,200.00

$4,200.00

$4,200.00

$2,500.00

$2,500.00

$2,500.00

$2,500.00

$2,500.00

$2,500.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$3,747.00

$4,055.10

$3,111.00

$2,732.40

$2,075.25

$1,957.65

$29,667.33

$30,283.53

$26,235.33

$23,318.13

$22,003.83

$21,768.63

$1,873.50
$217.10

$2,027.55
$217.10

$1,555.50
$184.70

$1,366.20
$152.30

$1,037.63
$152.30

$978.83
$152.30

$225.00
$3,750.00
$7,500.00
$13,565.60

$225.00
$3,750.00
$7,500.00
$13,719.65

$225.00
$3,750.00
$7,500.00
$13,215.20

$225.00
$3,750.00
$7,500.00
$12,993.50

$225.00
$3,750.00
$7,500.00
$12,664.93

$225.00
$3,750.00
$7,500.00
$12,606.13

$43,313.33
$80.40

$45,367.33
$1,364.15

$39,073.33
-$377.20

$36,549.33
$237.70

$32,168.33
-$2,500.43

$31,384.33
-$2,990.43

January

February

March

April

Total for 2015

$12,515.00

$11,477.00

$13,142.00

$17,079.00

$211,217.00

$12,515.00

$11,477.00

$13,142.00

$17,079.00

$211,217.00

$3,750.00

$3,750.00

$3,750.00

$3,750.00

$45,000.00

$8,333.33

$8,333.33

$8,333.33

$8,333.33

$100,000.00

$6,250.00

$6,250.00

$6,250.00

$6,250.00

$75,000.00

$18,333.33

$18,333.33

$18,333.33

$18,333.33

$220,000.00

$1,877.25

$1,721.55

$1,971.30

$2,561.85

$31,682.55

$5,833.33

$5,833.33

$5,833.33

$5,833.33

$70,000.00

$4,320.00

$4,320.00

$4,320.00

$4,320.00

$66,960.00

$4,200.00

$4,200.00

$4,200.00

$4,200.00

$50,400.00

$2,500.00

$2,500.00

$2,500.00

$2,500.00

$30,000.00

$1,000.00

$1,000.00

$1,000.00

$1,000.00

$12,000.00

$1,877.25

$1,721.55

$1,971.30

$2,561.85

$31,682.55

$21,607.83

$21,296.43

$21,795.93

$22,977.03

$292,725.10

$938.63
$152.30

$860.78
$152.30

$985.65
$152.30

$1,280.93
$152.30

$15,841.28
$10,272.00

$225.00
$3,750.00
$7,500.00
$12,565.93

$225.00
$3,750.00
$7,500.00
$12,488.08

$225.00
$3,750.00
$7,500.00
$12,612.95

$225.00
$3,750.00
$7,500.00
$12,908.23

$2,700.00
$45,000.00
$91,625.00
$165,438.28

$30,848.33
-$3,325.43

$29,810.33
-$3,974.18

$31,475.33
-$2,933.55

$35,412.33
-$472.92

$431,217.00
-$26,946.38

Year 2 Pro-Forma Cash Flow Statement

May

June

Cash Recieved
Cash from Operations
Cash from Sales
Subtotal from Operations

$19,639.00
$19,639.00

$24,435.00
$24,435.00

Additional Cash Recieved

New Current Borrowing
Personal Loan from Bank of America at 6.5%
New Investment Recieved
Owner's Invvestment
Subtotal Cash Recieved

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$2,945.85

$3,665.25

$6,250.00
$4,800.00
$4,520.83
$2,500.00
$1,000.00
$2,945.85
$24,962.53

$6,250.00
$9,600.00
$4,520.83
$2,500.00
$1,000.00
$3,665.25
$31,201.33

Expenditures from Operations

Cash Spending
Payroll Expense
Management
Part-Time Staff
Rent Payment
Insurance Payment
Utility Payment ($.898/kw)
Miscellaneous Payment
Subtotal Spent on Operations
Additional Cash Spent
Taxes
Sales Tax
Payroll Tax
Repayment of Current Borrowing
Interest Payment of 6.5%
Principla Payment
Purchase Other Long-term Assets
Subtotal Cash Spent

$1,472.93
$165.75

$1,832.63
$237.75

$243.75
$3,750.00
$7,500.00
$13,132.43

$243.75
$3,750.00
$7,500.00
$13,564.13

Net Cash Flow

Cash Balance

$31,722.33
-$6,372.63

$36,518.33
-$8,247.13

July

August

September

October

November

December

$26,282.00
$26,282.00

$28,453.00
$28,453.00

$23,632.00
$23,632.00

$18,430.00
$18,430.00

$15,365.00
$15,365.00

$13,051.00
$13,051.00

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,942.30

$4,267.95

$3,544.80

$2,764.50

$2,304.75

$1,957.65

$6,250.00
$9,600.00
$4,520.83
$2,500.00
$1,000.00
$3,942.30
$31,755.43

$6,250.00
$9,600.00
$4,520.83
$2,500.00
$1,000.00
$4,267.95
$32,406.73

$6,250.00
$7,200.00
$4,520.83
$2,500.00
$1,000.00
$3,544.80
$28,560.43

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$2,764.50
$24,119.83

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$2,304.75
$23,200.33

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$1,957.65
$22,506.13

$1,971.15
$237.75

$2,133.98
$237.75

$1,772.40
$201.75

$1,382.25
$158.55

$1,152.38
$158.55

$978.83
$158.55

$243.75
$3,750.00
$7,500.00
$13,702.65

$243.75
$3,750.00
$7,500.00
$13,865.48

$243.75
$3,750.00
$7,500.00
$13,467.90

$243.75
$3,750.00
$7,500.00
$13,034.55

$243.75
$3,750.00
$7,500.00
$12,804.68

$243.75
$3,750.00
$7,500.00
$12,631.13

$38,365.33
-$7,092.75

$40,536.33
-$5,735.88

$35,715.33
-$6,313.00

$30,513.33
-$6,641.05

$27,448.33
-$8,556.68

$25,134.33
-$10,002.93

January

February

March

April

Total for 2015

$11,903.00
$11,903.00

$11,477.00
$11,477.00

$15,415.00
$15,415.00

$18,965.00
$18,965.00

$227,047.00
$227,047.00

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$3,750.00
$8,333.33
$0.00
$12,083.33

$45,000.00
$100,000.00
$0.00
$145,000.00

$1,785.45

$1,721.55

$2,312.25

$2,844.75

$34,057.05

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$1,785.45
$22,161.73

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$1,721.55
$22,033.93

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$2,312.25
$23,215.33

$6,250.00
$4,320.00
$4,520.83
$2,500.00
$1,000.00
$2,844.75
$24,280.33

$75,000.00
$71,040.00
$54,250.00
$30,000.00
$12,000.00
$34,057.05
$310,404.10

$892.73
$158.55

$860.78
$158.55

$1,156.13
$158.55

$1,422.38
$158.55

$17,028.53
$2,190.60

$243.75
$3,750.00
$7,500.00
$12,545.03

$243.75
$3,750.00
$7,500.00
$12,513.08

$243.75
$3,750.00
$7,500.00
$12,808.43

$243.75
$3,750.00
$7,500.00
$13,074.68

$2,925.00
$45,000.00
$90,000.00
$157,144.13

$23,986.33
-$10,720.43

$23,560.33
-$10,986.68

$27,498.33
-$8,525.43

$31,048.33
-$6,306.68

$372,047.00
-$95,501.23