Master Budget

Consolidated Summary Financials Worst-Case Mid-Case

Revenue 9375 12500

Cost of Goods Sold 2030 2030

Gross Profit 7345 10470

Payroll 7200 7406

Marketing 86 86

Facilities 586 586

SG&A 1887 1887

Total Expenses 9759 9965

EBITDA -2414 505

Non-Operating

Taxes

Net Interest 523 523

Depreciation/Amortzation 233 233

Other 71 71

Total Non-Operating 827 827

Net Income (Loss) -3241 -322

COGS:

$2030

Payroll: $7406

Marketing: $86

Facilities: $586

S G& A

$1887

EBIDA: $505

Dollar Distribution

New Business January February March April May June July AugustSeptemberOctoberNovemberDecemberFull Year

Pipe Line

1 Year -

3 Year

3 Months

New Business - Projection

1 Year 150 210 240 210 240 450 285 240 450 312 375 810 3973

3 Year 75 105 120 105 120 225 143 120 225 312 375 375 2300

3 Months 275 385 440 385 440 825 523 440 825 625 750 1315 7227

500 700 800 700 800 1500 950 800 1500 1250 1500 2500 13500

Total

1 Year 150 210 240 210 240 450 285 240 450 312 375 810 3973

3 Year 75 105 120 105 120 225 143 120 225 312 375 375 2300

3 Months 275 385 440 385 440 825 523 440 825 625 750 1315 7227

500 700 800 700 800 1500 950 800 1500 1250 1500 2500 13500

Budgets were based on quartely estimate, to arrive at monthly number each quarter was divided

into months to match with quarterly numbers.

New Business - Revenue January February March April May June July August September October November December Full Year

13 13 13 13 13 13 13 13 13 13 13 13 150

18 18 18 18 18 18 18 18 18 18 18 193

20 20 20 20 20 20 20 20 20 20 200

18 18 18 18 18 18 18 18 18 158

20 20 20 20 20 20 20 20 160

37 37 37 37 37 37 37 262

24 24 24 24 24 24 143

20 20 20 20 20 100

38 38 38 38 150

26 26 26 78

31 31 63

68 68

2 2 2 2 2 2 2 2 2 2 2 2 25

3 3 3 3 3 3 3 3 3 3 3 32

3 3 3 3 3 3 3 3 3 3 33

3 3 6 4 3 6 9 10 10 56

3 6 4 3 6 9 10 10 53

6 4 3 6 9 10 10 49

4 3 6 9 10 10 43

3 6 9 10 10 39

6 9 10 10 36

9 10 10 30

10 10 21

10 10

92 92 92 275

128 128 128 385

147 147 147 440

128 128 128 385

147 147 147 440

275 275 275 825

174 174 174 523

147 147 147 440

275 275 275 825

208 208 208 625

250 250 500

438 438

15 35 58 79 102 152 173 194 252 301 355 433 2150

92 220 367 403 422 550 596 596 596 630 733 897 6101

106 255 425 482 524 702 769 790 848 931 1089 1330 8250

Backlog Revenue January February March April May June July August September October November December Full Year

Total Retail Jobs

Software

iPlan 121 121 121 100 100 100 100 100 86 86 86 86 1206

iLeader 14 14 14 14 14 14 14 14 11 11 11 11 161

iMarket 150 140 133 133 133 133 133 133 133 92 89 82 1487

Other 10 4 14

Total Software Revenue 295 275 269 248 248 248 252 248 231 189 186 179 2868

Data

R&D Cube

iBlkship 478 140 163 780

iAccess 96 96

iOpinion 226 164 391

iField

Other 115 115

Total Data Revenue 478 481 164 259 1382

Total Backlog Revenue 773 756 433 248 248 507 252 248 231 189 186 179 4250

TOTAL REVENUE 879 1011 858 730 772 1209 1020 1037 1078 1120 1275 1509 12500

Budget Yr 2013 New Business - Product 9/18/2013

PAYROLL Location Current $ Pay Budget Adj Budgeted Annual Pay January February March April May June July August September October November December Total

Administration

Adm1 US 200 7 207 17 17 17 17 17 17 17 17 17 17 17 17 207

Adm2 US 60 60 5 5 5 5 5 5 30

Recruit #1 US 175 175 15 15 15 15 15 15 15 102

Recruit #2 US 80 80 7 7 7 7 7 7 7 7 7 60

Recruit #3 US 65 65 5 5 5 5 5 5 5 38

Adm3 US 140 140 12 12 12 12 12 12 12 12 12 12 12 12 140

Adm4 US 100 10 110 9 9 9 9 9 9 9 9 9 9 9 9 110

Adm5 US 38 1 39 3 3 3 3 3 3 3 3 3 3 3 3 39

Adm6 US 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

Adm7 UKR 9 9 1 1 1 1 1 1 1 1 1 1 1 1 9

Adm8 UKR 18 18 2 2 2 2 2 2 2 2 2 2 2 2 18

Adm9 GM 200 200 17 17 17 17 17 17 17 17 17 17 17 17 200

Adm10 GM 95 95 8 8 8 8 8 8 48

Adm11 GM 19 19 2 2 2 2 2 2 9

Adm12 GM 12 12 1 1 2

Adm13 GM 59 3 62 5 5 5 5 5 5 5 5 5 5 5 5 62

Adm14 GM 23 3 26 2 2 2 2 2 2 13

Adm15 GM 49 3 52 4 4 4 4 4 4 26

Adm16 GM 6 6 1 1 1 1 1 1 3

Total Administration 1360 27 1388 89 89 88 95 95 115 93 93 93 93 93 93 1128

# of Employees 16 16 15 16 16 18 12 12 12 12 12 12

Marketing

Market1 US 180 180 15 15 15 15 8 68

Market2 US 130 10 140 11 11 22

Market3 US 77 77 6 6 13

Recruit #1 US N/A 150 13 13 13 13 13 13 13 88

Recruit #2 US N/A 130 11 11 11 11 11 11 11 11 11 11 108

Market4 GM 29 29 2 2 2 2 2 2 15

Market5 GM 65 65 5 5 5 5 5 5 5 38

Total Marketing 481 10 771 40 40 34 34 26 31 29 23 23 23 23 23 350

# of Employees 5 5 4 4 4 4 3 3 3 3 3 3

Sales - US

Sales 1 US 220 220 18 18 18 18 18 18 18 18 18 18 18 18 220

Recruit - Sales Support #2 US April 120 10 10 10 10 10 10 10 10 10 90

Sales 2 US 195 195 16 16 16 16 16 16 16 16 16 16 16 16 195

Recruit - Team #1 US N/A March15 200 8 17 17 17 17 17 17 17 17 17 158

Sales 3 US 110 10 120 10 10 10 10 10 10 10 10 10 10 10 10 120

Recruit - Team #1 US N/A April 120 10 10 10 10 10 10 10 10 10 90

Recruit - Team #1 US N/A June 100 8 8 8 8 8 8 50

Sales 4 US 150 15 165 14 14 14 14 14 14 14 14 14 14 14 14 165

Sales 5 US 120 120 10 10

Recruit - Team #2 US N/A April 150 13 13 13 13 13 13 13 13 13 113

Recruit - Team #2 US N/A June 100 8 8 8 8 8 8 50

Sales 6 US March 120 10 10 10 10 10 10 10 10 10 10 100

Sales 7 US 70 70 6 6 6 6 6 6 6 6 6 6 6 6 70

Total Sales - US 865 25 1800 74 64 83 123 123 123 140 140 140 140 140 140 1431

# of Employees 6 5 7 10 10 10 12 12 12 12 12 12

Sales - EU

Sales 8 EU 130 70 200 17 17 17 17 17 17 17 17 17 17 17 17 200

Sales 9 EU 215 215 9 9 18 18 18 18 18 18 18 18 18 18 197

Recruit - Team #2 EU June 120 10 10 10 10 10 10 10 70

Sales 10 GM 130 130 11 11 11 11 11 11 11 11 11 11 11 11 130

Sales 11 GM 110 110 9 9 9 9 9 9 9 9 9 9 9 9 110

Sales 12 GM 115 115 10 10 10 10 10 10 57

Sales 13 GM 129 129 11 11 11 11 11 11 11 11 11 11 11 11 129

Sales 14 GM 101 101 8 8 8 8 8 8 8 8 8 8 8 8 101

Sales 15 GM 99 99 8 8 8 8 8 8 8 8 8 8 8 8 99

Sales 16 GM 70 14 85 7 7 7 7 7 7 7 7 7 7 7 7 85

Sales 17 BD/UK 65 65 5 5 5 5 5 5 5 5 43

Total Sales - EU 1164 84 1368 95 95 104 104 104 114 104 104 99 99 99 99 1221

# of Employees 10 10 10 10 10 11 10 10 9 9 9 9

Total Sales 2029 109 3168 169 159 187 227 227 237 244 244 239 239 239 239 2652

# of Employees 16 15 17 20 20 21 22 22 21 21 21 21

Client Operations - US

ClientOps 1 US 120 5 125 10 10 10 10 10 10 10 10 10 10 10 10 125

ClientOps 2 US 85 3 88 7 7 7 7 7 7 7 7 7 7 7 7 88

ClientOps 3 US 85 4 89 7 7 7 7 7 7 7 7 7 7 7 7 89

ClientOps 4 US 48 48 4 4 4 4 4 4 4 4 4 4 4 4 48

ClientOps 5 US 77 77 6 6 6 6 6 6 6 6 6 6 64

ClientOps 6 US 106 106 9 9 9 9 9 9 9 9 9 9 9 9 106

ClientOps 7 US 55 55 5 5 5 5 5 5 5 5 5 5 5 5 55

Recruit #1 US 45 45 4 4 4 4 4 4 4 4 4 34

Total Client Operations - US 621 11 632 43 43 49 53 53 53 53 53 53 53 53 53 608

# of Employees 6 6 7 8 8 8 8 8 8 8 8 8

Client Operations - EU

ClientOps 8 GM 94 17 111 9 9 9 9 9 9 9 9 9 9 9 9 111

ClientOps 9 UKR 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

ClientOps 10 GM 56 2 58 5 5 5 5 5 5 5 5 5 5 5 5 58

ClientOps 10 UKR 31 31 3 3 3 3 3 3 3 3 3 3 3 3 31

ClientOps 11 GM 70 70 6 6 6 6 6 6 6 6 6 6 6 6 70

ClientOps 12 GM 78 78 7 7 7 7 7 7 7 7 7 7 7 72

ClientOps 13 GM 78 78 7 7 7 7 7 7 7 7 7 7 7 7 78

Recruit #1 GM 85 85 7 7 7 7 7 7 7 7 57

Recruit #2 GM 85 85 7 7 7 7 7 7 43

Total Client Operations - EU 588 19 607 30 36 36 36 44 44 51 51 51 51 51 51 530

# of Employees 6 7 7 7 8 8 9 9 9 9 9 9

Total Client Operations 1209 30 1239 72 79 85 89 96 96 103 103 103 103 103 103 1138

# of Employees 12 13 14 15 16 16 17 17 17 17 17 17

Technology

Technology 1 UKR 16 16 1 1 1 1 1 1 1 1 1 1 1 1 16

Technology 2 UKR 13 13 1 1 1 1 1 1 1 1 1 1 1 1 13

Technology 3 UKR 18 18 2 2 2 2 2 2 2 2 2 2 2 2 18

Technology 4 UKR 16 16 1 1 1 1 1 1 1 1 1 1 1 1 16

Technology 5 UKR 16 16 1 1 1 1 1 1 1 1 1 1 1 1 16

Technology 6 US 20 20 2 2 2 2 2 2 2 2 2 2 2 2 20

Technology 7 UKR 17 17 1 1 1 1 1 1 1 1 1 1 1 1 17

Technology 8 UKR 38 38 3 3 3 3 3 3 3 3 3 3 3 3 38

Technology 9 UKR 38 38 3 3 3 3 3 3 3 3 3 3 3 3 38

Technology 10 UKR 17 17 1 1 1 1 1 1 1 1 1 1 1 1 17

Technology 11 UKR 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

Technology 12 UKR 20 20 2 2 2 2 2 2 2 2 2 2 2 2 20

Technology 13 UKR 24 24 2 2 2 2 2 2 2 2 2 2 2 2 24

Technology 14 UKR 13 13 1 1 1 1 1 1 1 1 1 1 1 1 13

Technology 15 UKR 28 28 2 2 2 2 2 2 2 2 2 2 2 2 28

Technology 16 UKR 48 48 4 4 4 4 4 4 4 4 4 4 4 4 48

Technology 17 UKR 24 24 2 2 2 2 2 2 2 2 2 2 2 2 24

Technology 18 UKR 24 24 2 2 2 2 2 2 2 2 2 2 2 2 24

Technology 19 UKR 19 19 2 2 2 2 2 2 2 2 2 2 2 2 19

Technology 20 UKR 17 17 1 1 1 1 1 1 1 1 1 1 1 1 17

Technology 21 UKR 24 24 2 2 2 2 2 2 2 2 2 2 2 2 24

Technology 22 UKR 10 10 1 1 1 1 1 1 1 1 1 1 1 1 10

Technology 23 UKR 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

Technology 24 UKR 20 20 2 2 2 2 2 2 2 2 2 2 2 2 20

Technology 25 UKR 6 6 1 1 1 1 1 1 1 1 1 1 1 1 6

Technology 26 UKR 11 11 1 1 1 1 1 1 1 1 1 1 1 1 11

Technology 27 GM 91 26 117 10 10 10 10 10 10 10 10 10 10 10 10 117

Technology 28 GM 87 87 7 7 7 7 7 7 44

Technology 29 GM 71 71 6 6 6 6 6 6 6 6 6 6 6 6 71

Technology 30 GM 70 9 79 7 7 7 7 7 7 7 7 7 7 7 7 79

Technology 31 GM 65 3 68 6 6 6 6 6 6 6 6 6 6 6 6 68

Technology 32 GM 53 53 4 4 4 4 4 4 27

Technology 33 GM 34 34 3 3 3 3 3 3 3 3 3 3 3 3 34

Technology 34 US 130 10 140 12 12 12 12 12 12 12 12 12 12 117

Recruit #1 UKR 26 26 2 2 2 2 2 2 2 2 2 2 2 2 26

Recruit #2 UKR 50 50 4 4 4 4 4 4 4 29

Recruit #3 UKR 24 24 2 2 2 2 2 2 2 14

Recruit #4 UKR 40 40 3 3 3 3 3 3 3 23

Total Technology 1263 48 1311 88 88 100 100 100 109 98 98 98 98 98 98 1170

# of Employees 34 34 35 35 35 38 36 36 36 36 36 36

Information Research

Information Research 1 UKR 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

Information Research 2 GM 47 47 4 4 4 12

Information Research 3 GM 56 2 58 5 5 5 5 5 5 5 5 5 5 5 5 58






Recruit #1 UKR 12 12 1 1 1 1 1 1 1 1 1 1 10

Recruit #2 UKR 12 12 1 1 1 1 1 1 1 1 1 9

Recruit #3 UKR 12 12 1 1 1 1 1 1 1 1 1 1 10

Recruit #4 UKR 12 12 1 1 1 1 1 1 1 1 1 1 10

Temps 75 75 6 6 6 6 6 6 6 6 6 6 6 6 75

Total Research 427 23 449 33 33 36 34 34 34 34 34 34 34 34 34 405

# of Employees 9 9 12 12 12 12 12 12 12 12 12 12

BPO Services

bpo Services 1 UKR 24 24 2 2 2 2 2 2 2 2 2 2 2 2 24

bpo Services 2 UKR 18 18 2 2 2 2 2 2 2 2 2 2 2 2 18

bpo Services 3 UKR 11 11 1 1 1 1 1 1 1 1 1 1 1 1 11

bpo Services 4 UKR 18 18 2 2 2 2 2 2 2 2 2 2 2 2 18

bpo Services 5 UKR 18 18 2 2 2 2 2 2 2 2 2 2 2 2 18

bpo Services 6 UKR 12 12 1 1 1 1 1 1 1 1 1 1 1 1 12

bpo Services 7 UKR 8 8 1 1 1 1 1 1 1 1 1 1 1 1 8

bpo Services 8 UKR 7 7 1 1 1 1 1 1 1 1 1 1 1 1 7

Total BPO Services 116 116 10 10 10 10 10 10 10 10 10 10 10 10 116

# of Employees 8 8 8 8 8 8 8 8 8 8 8 8

Total 6886 247 8443 502 498 539 588 587 632 610 605 599 599 599 599 6960

# of Employees 100 100 105 110 111 117 110 110 109 109 109 109

Payroll of Clients ops part of COGS 72 79 85 89 96 96 103 103 103 103 103 103 1138

Payroll Other Expenses 430 420 454 499 491 536 507 502 496 496 496 496 5822

PAYROLL Location Rate Rate 2

Administration

Adm1 US 8.25% 2.25%

Adm2 US N/A N/A

Recruit #1 US 8.25% 2.25%

Recruit #2 US 8.25% 2.25%

Recruit #3 US 8.25% 2.25%

Adm3 US 8.25% 2.25%

Adm4 US 8.25% 2.25%

Adm5 US 8.25% 2.25%

Adm6 US 8.25% 2.25%

Adm7 UKR 36.77% N/A

Adm8 UKR 36.77% N/A

Adm9 GM 1,127.10$ -$

Adm10 GM 1,261.00$ -$

Adm11 GM 309.40$ -$

Adm12 GM 106.60$ -$

Adm13 GM 972.40$ -$

Adm14 GM 390.00$ -$

Adm15 GM 816.40$ -$

Adm16 GM 5.20$ -$

Total Administration

Marketing

Market1 US 8.25% 2.25%

Market2 US 8.25% 2.25%

Market3 US 8.25% 2.25%

Recruit #1 US 8.25% 2.25%

Recruit #2 US 8.25% 2.25%

Market4 GM 490.10$ -$

Market5 GM 1,046.50$ -$

Total Marketing

Sales - US

Sales 1 US 8.25% 2.25%

Recruit - Sales Support #2 US 8.25% 2.25%

Sales 2 US 8.25% 2.25%

Recruit - Team #1 US 8.25% 2.25%

Sales 3 US 8.25% 2.25%



Sales 4 US 8.25% 2.25%

Sales 5 US 8.25% 2.25%



Sales 6 US 8.25% 2.25%

Sales 7 US 8.25% 2.25%

Total Sales - US

Sales - EU

Sales 8 EU 0.00% 0.00%

Sales 9 EU

Recruit - Team #2 EU 1,264.90$ -$

Sales 10 GM 1,264.90$ -$

Sales 11 GM 1,134.90$ -$

Sales 12 GM 1,220.70$ -$

Sales 13 GM 1,089.40$ -$

Sales 14 GM 1,232.40$ -$

Sales 15 GM 1,236.30$ -$

Sales 16 GM 1,094.60$ -$

Sales 17 BD/UK -$ -$

Total Sales - EU

Total Sales

January February March April May June July August September October November December Total

1.4 1.4 1.4 1.4 1.4 1.4 1.4 .4 .4 .4 .4 .4 11.9

.0

.0 .0 1.2 1.2 1.2 1.2 1.2 1.2 .3 7.5

.6 .6 .6 .6 .6 .6 .6 .6 .2 4.6

.0 .0 .4 .4 .4 .4 .4 .4 .1 2.8

1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 .3 .3 .3 9.5

.8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 9.1

.3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 3.2

.1 .1 .1 .1 .1 .1 .1 .1 .1 .1 .1 .1 1.0

.3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 .3 3.4

.6 .6 .6 .6 .6 .6 .6 .6 .6 .6 .6 .6 6.6

1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 13.5

1.3 1.3 1.3 1.3 1.3 1.3 .0 .0 .0 .0 .0 .0 7.6

.3 .3 .3 .3 .3 .3 .0 .0 .0 .0 .0 .0 1.9

.1 .1 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .2

1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 11.7

.4 .4 .4 .4 .4 .4 .4 .0 .0 .0 .0 .0 2.7

.8 .8 .8 .8 .8 .8 .8 .0 .0 .0 .0 .0 5.7

.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

9.3 9.3 9.2 9.8 9.8 11.4 9.8 7.6 7.6 6.9 6.9 5.3 102.8

1.2 1.2 1.2 1.2 .6 .0 .0 .0 .0 .0 .0 .0 5.6

.9 .9 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 1.8

.5 .5 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 1.1

.0 .0 .0 .0 .0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 7.2

.0 .0 .9 .9 .9 .9 .9 .9 .9 .9 .9 .9 8.9

.5 .5 .5 .5 .5 .5 .0 .0 .0 .0 .0 .0 2.9

1.0 1.0 1.0 1.0 1.0 1.0 1.0 .0 .0 .0 .0 .0 7.3

4.2 4.2 3.7 3.7 3.0 3.5 3.0 1.9 1.9 1.9 1.9 1.9 34.8

1.5 1.5 1.5 1.5 1.5 1.5 1.5 .4 .4 .4 .4 .4 12.7

.8 .8 .8 .8 .8 .8 .8 .8 .8 7.4

1.3 1.3 1.3 1.3 1.3 1.3 1.3 .4 .4 .4 .4 .4 11.2

.7 1.4 1.4 1.4 1.4 1.4 1.4 1.4 .4 .4 11.1

.8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 9.9

.8 .8 .8 .8 .8 .8 .8 .8 .8 7.4

.0 .7 .7 .7 .7 .7 .7 4.1

1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 .3 .3 .3 11.1

.8 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .8

1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 9.3

.0 .0 .0 .7 .7 .7 .7 .7 .7 4.1

.0 .0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 8.3

.5 .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 5.8

6.1 5.3 6.8 10.2 10.2 10.2 11.6 9.5 9.5 8.7 7.7 7.7 103.2

.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

.0

1.3 1.3 1.3 1.3 1.3 1.3 1.3 8.9

1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.2

1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 13.6

1.2 1.2 1.2 1.2 1.2 1.2 7.3

1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 13.1

1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 14.8

1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 14.8

1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 13.1

.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

8.3 8.3 8.3 8.3 8.3 9.5 8.3 8.3 8.3 8.3 8.3 8.3 100.8

14.4 13.6 15.1 18.4 18.4 19.7 19.9 17.8 17.8 17.0 16.0 16.0 204.0

PAYROLL Location Health Benefit Pension Fund Car Other Total January February March April May June July August September October November December Total2

Administration

Adm1 US .000 .000 18.000 .000 18.000 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 18.000

Adm2 US .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Recruit #1 US 15.000 .000 .000 .000 15.000 1.250 1.250 1.250 1.250 1.250 1.250 1.250 8.750

Recruit #2 US 15.000 .000 .000 .000 15.000 1.250 1.250 1.250 1.250 1.250 1.250 1.250 1.250 1.250 11.250

Recruit #3 US 10.000 .000 .000 .000 10.000 .833 .833 .833 .833 .833 .833 .833 5.833

Adm3 US 16.900 .000 6.000 .000 22.900 1.908 1.908 1.908 1.908 1.908 1.908 1.908 1.908 1.908 1.908 1.908 1.908 22.900

Adm4 US 11.900 .000 .000 .000 11.900 .992 .992 .992 .992 .992 .992 .992 .992 .992 .992 .992 .992 11.900

Adm5 US 5.100 .000 .000 .000 5.100 .425 .425 .425 .425 .425 .425 .425 .425 .425 .425 .425 .425 5.100

Adm6 US .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm7 UKR .367 .000 .000 .612 .979 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .979

Adm8 UKR .367 .000 .000 .000 .367 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .367

Adm9 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm10 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm11 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm12 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm13 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm14 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm15 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Adm16 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Total Administration 74.634 .000 24.000 .612 99.246 4.937 4.937 4.937 6.187 6.187 8.271 8.271 8.271 8.271 8.271 8.271 8.271 85.079

Marketing

Market1 US 18.800 .000 7.200 .000 26.000 2.167 2.167 2.167 2.167 2.167 10.833

Market2 US 18.000 .000 .000 .000 18.000 1.500 1.500 3.000

Market3 US .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Recruit #1 US 10.000 10.000 .000 .833 .833 .833 .833 .833 .833 .833 5.833

Recruit #2 US 10.000 10.000 .833 .833 .833 .833 .833 .833 .833 .833 .833 .833 8.333

Market4 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Market5 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Total Marketing 56.800 .000 7.200 .000 64.000 3.667 3.667 3.000 3.000 3.000 1.667 1.667 1.667 1.667 1.667 1.667 1.667 28.000

Sales - US

Sales 1 US .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Recruit - Sales Support #2 US 12.000 .000 12.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 9.000

Sales 2 US 17.900 .000 14.400 .000 32.300 2.692 2.692 2.692 2.692 2.692 2.692 2.692 2.692 2.692 2.692 2.692 2.692 32.300

Recruit - Team #1 US 12.000 .000 12.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 8.000

Sales 3 US 18.600 .000 .000 .000 18.600 1.550 1.550 1.550 1.550 1.550 1.550 1.550 1.550 1.550 1.550 1.550 1.550 18.600

Recruit - Team #1 US 12.000 .000 12.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 9.000

Recruit - Team #1 US 12.000 .000 12.000 1.000 1.000 1.000 1.000 1.000 1.000 6.000

Sales 4 US 18.700 .000 .000 .000 18.700 1.558 1.558 1.558 1.558 1.558 1.558 1.558 1.558 1.558 1.558 1.558 1.558 18.700

Sales 5 US .000 .000 .000 .000 .000 .000 .000

Recruit - Team #2 US 12.000 .000 12.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 9.000

Recruit - Team #2 US 12.000 .000 12.000 .000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 7.000

Sales 6 US 15.000 15.000 1.250 1.250 1.250 1.250 1.250 1.250 1.250 1.250 1.250 1.250 12.500

Sales 7 US .180 .000 .000 .000 .180 .015 .015 .015 .015 .015 .015 .015 .015 .015 .015 .015 .015 .180

Total Sales - US 142.380 .000 14.400 .000 156.780 5.815 5.815 7.065 10.065 11.065 12.065 13.065 13.065 13.065 13.065 13.065 13.065 130.280

Sales - EU

Sales 8 EU .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 9 EU .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Recruit - Team #2 EU .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 10 GM .000 .000 11.622 .000 11.622 .969 .969 .969 .969 .969 .969 .969 .969 .969 .969 .969 .969 11.622

Sales 11 GM .000 .000 13.744 .000 13.744 1.145 1.145 1.145 1.145 1.145 1.145 1.145 1.145 1.145 1.145 1.145 1.145 13.744

Sales 12 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 13 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 14 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 15 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 16 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Sales 17 BD/UK .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Total Sales - EU .000 .000 25.366 .000 25.366 2.114 2.114 2.114 2.114 2.114 2.114 2.114 2.114 2.114 2.114 2.114 2.114 25.366

Total Sales 142.380 .000 39.766 .000 182.146 7.929 7.929 9.179 12.179 13.179 14.179 15.179 15.179 15.179 15.179 15.179 15.179 155.646


ClientOps 1 US 18.611 .000 .000 .000 18.611 1.551 1.551 1.551 1.551 1.551 1.551 1.551 1.551 1.551 1.551 1.551 1.551 18.611

ClientOps 2 US 17.800 .000 .000 .000 17.800 1.483 1.483 1.483 1.483 1.483 1.483 1.483 1.483 1.483 1.483 1.483 1.483 17.800

ClientOps 3 US 5.300 .000 .000 .000 5.300 .442 .442 .442 .442 .442 .442 .442 .442 .442 .442 .442 .442 5.300

ClientOps 4 US 5.200 .000 .000 .000 5.200 .433 .433 .433 .433 .433 .433 .433 .433 .433 .433 .433 .433 5.200

ClientOps 5 US 5.200 .000 .000 .000 5.200 .433 .433 .433 .433 .433 .433 .433 .433 .433 .433 4.333

ClientOps 6 US 17.000 .000 .000 .000 17.000 1.417 1.417 1.417 1.417 1.417 1.417 1.417 1.417 1.417 1.417 1.417 1.417 17.000

ClientOps 7 US .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Recruit #1 US 10.000 .000 .000 .000 10.000 .833 .833 .833 .833 .833 .833 .833 .833 .833 .833 .833 .833 10.000

Total Client Operations - US 79.111 .000 .000 .000 79.111 6.159 6.159 6.593 6.593 6.593 6.593 6.593 6.593 6.593 6.593 6.593 6.593 78.244


ClientOps 8 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

ClientOps 9 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

ClientOps 10 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

ClientOps 10 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

ClientOps 11 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

ClientOps 12 GM .000 .000 .000 .720 .720 .060 .060 .060 .060 .060 .060 .060 .060 .060 .060 .060 .660

ClientOps 13 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Recruit #1 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .440

Recruit #2 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .330

Total Client Operations - EU .734 1.320 .000 4.680 6.734 .391 .451 .451 .451 .506 .506 .561 .561 .561 .561 .561 .561 6.124

Total Client Operations 79.845 1.320 .000 4.680 85.845 6.550 6.610 7.044 7.044 7.099 7.099 7.154 7.154 7.154 7.154 7.154 7.154 84.368

Technology

Technology 1 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 2 UKR .367 .660 .000 .612 1.639 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 1.639

Technology 3 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 4 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 5 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 6 US .367 .000 .000 .612 .979 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .082 .979

Technology 7 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 8 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 9 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 10 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 11 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 12 UKR .367 .660 .000 .612 1.639 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 .137 1.639

Technology 13 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 14 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 15 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 16 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 17 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 18 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 19 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 20 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .000 .000 .000 .000 .000 .000 .514

Technology 21 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 22 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 23 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 24 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 25 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 26 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Technology 27 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 28 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 29 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 30 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 31 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 32 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .330

Technology 33 GM .000 .000 .000 .660 .660 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .055 .660

Technology 34 US 18.000 .000 .000 .000 18.000 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 15.000

Recruit #1 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

Recruit #2 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .514

Recruit #3 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .514

Recruit #4 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .514

Total Technology 29.010 19.140 .000 6.456 54.606 2.794 2.794 4.294 4.294 4.294 4.294 4.410 4.410 4.410 4.410 4.410 4.410 49.222


Information Research 1 UKR .367 .660 .000 .720 1.747 .146 .146 .146 .146 .146 .146 .146 .146 .146 .146 .146 .146 1.747

Information Research 2 GM .000 .000 .000 .000 .000 .000 .000 .000 .000

Information Research 3 GM .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000






Recruit #1 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .856

Recruit #2 UKR .367 .660 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .770

Recruit #3 UKR .367 .660 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .856

Recruit #4 UKR .367 .660 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .856

Temps 0 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000 .000

Total Research 2.569 4.620 .000 .720 7.909 .317 .317 .574 .659 .659 .659 .659 .659 .659 .659 .659 .659 7.139

BPO Services

bpo Services 1 UKR .367 .000 .000 .000 .367 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .367

bpo Services 2 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

bpo Services 3 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

bpo Services 4 UKR .367 .000 .000 .000 .367 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .031 .367

bpo Services 5 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

bpo Services 6 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

bpo Services 7 UKR .367 .660 .000 .000 1.027 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 .086 1.027

bpo Services 8 UKR .367 .660 .000 .660 1.687 .141 .141 .141 .141 .141 .141 .141 .141 .141 .141 .141 .141 1.687

Total BPO Services 3 4 1 8 1 1 1 1 1 1 1 1 1 1 1 1 8

Total 388 29 71 13 501 27 27 30 34 35 37 38 38 38 38 38 38 417

FACILITY Location Rent

Rent

NJ US 25

Germany GM 14

Total Rent 40

% of Revenue

Utilities

NJ US 4

Germany GM 5

Total Utilities 9

% of Revenue

Other Facilities

NJ US 1

Germany GM 1

Total Other Facilities 2

% of Revenue

Total Facilites

% of Revenue

January February March April May June July August September October November December Total2

25 25 25 25 25 25 25 25 25 25 25 25 303

14 14 14 14 14 14 14 14 14 14 14 14 172

40 40 40 40 40 40 40 40 40 40 40 40 474

4% 4% 5% 5% 5% 3% 4% 4% 4% 4% 3% 3%

4 4 4 4 4 4 4 4 4 4 4 4 46

5 5 5 5 5 5 3 3 3 3 3 3 45

9 9 9 9 9 9 6 6 6 6 6 6 91

1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 0% 0%

1 1 1 1 1 1 1 1 1 1 1 1 9

1 1 1 1 1 1 1 1 1 1 1 1 12

2 2 2 2 2 2 1 1 1 1 1 1 21

0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

50 50 50 50 50 50 47 47 47 47 47 47 586

6% 5% 6% 7% 7% 4% 5% 5% 4% 4% 4% 3% 5%

Column1 Column2 Column3 Column4 Column5 Column6 Column7 Column8 Column9 Column10 Column11 Column12 Column13 Column14 Column15 Column16

G & A Fixed Monthly January-13 February-13 March-13 April-13 May-13 June-13 July-13 August-13 September-13 October-13 November-13 December-13 Total

Dues & Subscriptions

201 Littleton Road, Morris Plains, NJ .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 3.00

Germany .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 .25 3.00

Total Dues & Subscriptions .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 .5 6.0

% of Revenue 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Insurance

US

General Liability 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 38.7

Workers Compensation 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 27.6

D&O Insurance 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 37.8

Total Insurance - US 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 104.1

Germany

Insurance Premiums .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 9.0

Workers Compensation 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Total Insurance - Germany 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 24.0

Total Insurance 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 128.1

% of Revenue 1.21% 1.06% 1.24% 1.46% 1.38% 0.88% 1.05% 1.03% 0.99% 0.95% 0.84% 0.71%

Accounting

US

Audit 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 48.0

Tax 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 24.0

Other 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 24.0

Total Accounting - US 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 96.0

Germany

Audit 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 24.0

Tax 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 12.0

Other 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 4.5 54.0

Total Accounting - Germany 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 90.0

Total Accounting 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 186.0

% of Revenue 1.76% 1.53% 1.81% 2.12% 2.01% 1.28% 1.52% 1.49% 1.44% 1.38% 1.22% 1.03%

Legal

US

General 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 90.0

Total Legal - US 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 90.0

Germany

General 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 36.0

Total Legal - Germany 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 36.0

Total Legal 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5 126.0

% of Revenue 1.19% 1.04% 1.22% 1.44% 1.36% 0.87% 1.03% 1.01% 0.97% 0.94% 0.82% 0.70%

Non-Operating - Other

Director 1

Director 2

Director 3

Total Other

% of Revenue

January-13 February-13 March-13 April-13 May-13 June-13 July-13 August-13 September-13 October-13 November-13 December-13 Total

.0 .0 .0 .0 .0 .0 5.0 5.0 5.0 5.0 5.0 5.0 30.0

3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 36.0

5.0

8.0 3.0 3.0 3.0 3.0 3.0 8.0 8.0 8.0 8.0 8.0 8.0 66.0

0.91% 0.30% 0.35% 0.41% 0.39% 0.25% 0.78% 0.77% 0.74% 0.71% 0.63% 0.53%

TRAVEL AND EXPENSES Location Title

2013 Annual

Salary January-13 February-13 March-13 April-13 May-13 June-13 July-13 August-13 September-13 October-13 November-13 December-13 Total

Administration

Admin 1 US EMG/Sales 75.0 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 6.3 75.0

Admin 2 US CFO 10.0 .8 .8 .8 .8 .8 .8 5.0

Recruit #1 US CFO 5.0 .0 .4 .4 .4 .4 .4 .4 2.5

Admin 3 US VP Global Talent Dev & Admin 5.0 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 5.0

Admin 4 US Controller 5.0 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 5.0

Admin 5 GM EMG 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Admin 6 US EMG/Commute 65.0 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.4 5.4 65.0

Admin 7 EU EMG 10.0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 10.0

Admin 8 .0 25.0 .0 25.0

Admin 9 .0 .0 .0 15.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 15.0

Admin 10 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

Total Administration 190.0 40.4 15.4 30.4 15.4 15.4 15.4 15.0 15.0 15.0 15.0 15.0 15.0 222.5

Marketing

Misc US VP Global Marketing 5.0 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 5.0

Total Marketing 5.0 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 .4 5.0

Sales - US .0

Sales 1 US Chief Sales Officer 50.0 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.2 50.0

Recruit - Sales Support #2 US Sales Operations Mgr. .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

Salea 2 US VP for iPlan Dedicated Sales 22.5 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 22.5

Recruit - Team #1 US VP Strategic Solutions - Team #1 19.5 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 16.3

Sales 3 US Account Director - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Recruit - Team #1 US Sr Account Manager - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 11.3

Recruit - Team #1 US Account Manager - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 7.5

Sales 4 US VP Strategic Solutions - Team #2 37.5 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 37.5

Sales 5 US Resigned .0 .0 .0

Recruit - Team #2 US Sr Account Manager - Team #2 12.5 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 9.4

Recruit - Team #2 US Account Manager - Team #2 12.5 1.0 1.0 1.0 1.0 1.0 1.0 6.3

Saels 6 US Account Director - Team #1 10.5 .9 .9 .9 .9 .9 .9 .9 .9 .9 .9 8.8

Sales 7 US Business Development Director .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

Total Sales - US 210.0 10.4 10.4 12.9 15.2 15.2 15.2 17.5 17.5 17.5 17.5 17.5 17.5 184.4

Sales - EU

Sales 8 EU VP Strategic Solutions Team #1 30.0 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 30.0

Sales 9 EU VP Strategic Solutions Team #2 22.5 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 22.5

Recruit - Team #2 EU Sr Account Manager - Team #2 7.5 .6 .6 .6 .6 .6 .6 .6 4.4

Sales 10 GM VP Strategic Solutions Team #3 22.5 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 22.5

Sales 11 GM Account Director - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Sales 12 GM Account Director - Team #3 12.5 1.0 1.0 1.0 1.0 1.0 1.0 .0 .0 .0 .0 .0 .0 6.3

Sales 13 GM Sr Account Manager - Team #3 10.0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 10.0

Sales 14 GM Sr Account Manager - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Sales 15 GM Account Manager - Team #2 7.5 .6 .6 .6 .6 .6 .6 .6 .6 .6 .6 .6 .6 7.5

Sales 16 GM Sr Account Manager - Team #1 15.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 15.0

Sales 17 BD/UK Business Dev. Manager .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

Total Sales - EU 157.5 12.5 12.5 12.5 12.5 12.5 13.1 12.1 12.1 12.1 12.1 12.1 12.1 148.1

Total Sales 367.5 22.9 22.9 25.4 27.7 27.7 28.3 29.6 29.6 29.6 29.6 29.6 29.6 332.5


General 70.0 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 70.0

Total Client Operations - US 70.0 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 5.8 70.0


General 80.0 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 80.0

Total Client Operations - EU 80.0 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 6.7 80.0

Total Client Operations 150.0 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 150.0

Technology

General UKR Project Operator 20.0 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 20.0

Total Technology 20.0 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 20.0


General UKR Jr. Research Manager 10.0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 10.0

Total Research 10.0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 10.0

BPO Services

General UKR Knowledge Specialist 10.0 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 .8 10.0

SME Consulting Dept January-13 February-13 March-13 April-13 May-13 June-13 July-13 August-13 September-13 October-13 November-13 December-13 Total

Assumed NB Using Consultnat 2000

Assumed Consulting Rate 10%

SME Consultant 10 10 10 10 10 10 17 17 17 17 17 17 160

Total SME Consultant 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 10,000$ 16,667$ 16,667$ 16,667$ 16,667$ 16,667$ 16,667$ 160,000$

% of Revenue 1.14% 0.99% 1.17% 1.37% 1.30% 0.83% 1.63% 1.61% 1.55% 1.49% 1.31% 1.10% 1.28%

Maketing January-13 February-13 March-13 April-13 May-13 June-13 July-13 August-13 September-13 October-13 November-13 December-13 Total

website redesign & optimization .0 5.0 5.0 10.0

rebranding .0 .0 .0

analyst .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

advisory boards (client & scientific) .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0

website maintenance .0 1.0 1.0 2.0

search engine optimization .0 .0 1.0 .0 1.0 1.0 3.0

adboard meetings (4) .0 2.0 2.0 2.0 6.0

web-based advertising .0 2.5 2.5 5.0

PR Agency (monthly retainer) 8.0 8.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 16.0

webinars (4) .0 .0 2.8 2.8 5.5

event exhibition/sponsorships (1) .0 10.0 10.0

direct marketing .0 .0 .0 1.0 1.0

coop advertising .0 .0 .0 .0 .0

association memberships .0 .5 .5

translation services .0 2.0 2.0

outside consulting services 5.1 5.1

printing 5.0 5.0

product demo videos .0 5.5 5.5

promotional materials 4.2 4.2

sales training .0 .0 .0

outside creative services .0 5.0 5.0

Total Marketing 13.1 13.0 14.2 7.5 12.8 4.0 17.3 .0 3.0 .0 .0 1.0 85.8

% of Revenue 1.49% 1.29% 1.66% 1.03% 1.65% 0.33% 1.69% 0.00% 0.28% 0.00% 0.00% 0.07% 0.69%

Silent Partner Loans

Germany1 2 1 1 1 Total

Date of Note 6/1/2011 6/1/2011 6/1/2011 6/1/2011 6/1/2011

Note Amount (Euro) 200 500 300 300 260 1560

Note Amt ($ - 1.3) 260 650 390 390 338 2028

Current Int Rate 8.00% 7.50% 7.74% 7.74% 7.74%

Date Note due 20% 6/30/2017 6/30/2018 6/30/2019 6/30/2019 6/30/2019

20% 6/30/2018 6/30/2019 6/30/2020 6/30/2020 6/30/2020

60% 6/30/2019 6/30/2020 6/30/2021 6/30/2021 6/30/2021

365/366 day year

Interest payment dates Quarter

Beg Total # of Total Quarterly Interest Interest Principal Cash End

Principal Daily Rate Days Interest Payable Payments Repayment Payment Principal

Monthly version on the above schedule: 2012 and 2013

1/1/2013 2028.0 10.5 10.5 2028.0

2/5/2013 2028.0 10.5 21.0 2028.0

3/7/2013 2028.0 10.5 .0 -31.5 2028.0

4/6/2013 2028.0 10.5 10.5 2028.0

5/6/2013 2028.0 10.5 21.0 2028.0

6/5/2013 2028.0 10.5 .0 -31.5 2028.0

7/5/2013 2028.0 10.5 10.5 2028.0

8/4/2013 2028.0 10.5 21.0 2028.0

9/3/2013 2028.0 10.5 .0 -31.5 2028.0

10/3/2013 2028.0 10.5 10.5 2028.0

11/2/2013 2028.0 10.5 21.0 2028.0

12/2/2013 2028.0 10.5 .0 -31.5 2028.0

A-B A C Total

Date of Note

Note Amount (Euro) 32 42 190 264

Note Amt ($ - 1.3) 42 55 247 343

Current Int Rate 8.00% 8.00% 6.00%

Date Note due

365/366 day year


Beg Total # of Total Quarterly Interest Interest Principal Cash End

Principal Daily Rate Days Interest Payable Payments Repayment Payment Principal


1/1/2013 343.2 1.9 1.9 343.2

2/5/2013 343.2 1.9 3.8 343.2

3/7/2013 343.2 1.9 .0 -5.6 343.2

4/6/2013 343.2 1.9 1.9 343.2

5/6/2013 343.2 1.9 3.8 343.2

6/5/2013 343.2 1.9 .0 -5.6 343.2

7/5/2013 343.2 1.9 1.9 343.2

8/4/2013 343.2 1.9 3.8 343.2

9/3/2013 343.2 1.9 .0 -5.6 343.2

10/3/2013 343.2 1.9 1.9 343.2

11/2/2013 343.2 1.9 3.8 343.2

12/2/2013 343.2 1.9 .0 -5.6 343.2

For Interest Calculation Purposes


Investment Partners SBIC

Sela 2, Inc.

Date of Note 6/1/2011

Note Amount 3000

Current Int Rate 10.00%

PIK Int Rate 2.00%

Total Interest 12.00%

Applicable Cash Percentage 0.833333333

Date Note due 6/1/2016

365/366 day year


Beg Total # of Total Quarterly Interest Interest Applicable Cash PIK Principal Cash End Interest

Principal Daily Rate Days Interest Payable Payments Interest Due Interest Repayment Payment Principal Receivable


1/26/2012 3035.1 30.2 25.2 5.0 3040.2

2/25/2012 3040.2 30.2 25.2 5.0 3045.2

3/26/2012 3045.2 30.2 25.2 5.0 3050.2

4/25/2012 3050.2 30.3 25.3 5.1 3055.3

5/25/2012 3055.3 30.3 25.3 5.1 3060.3

6/24/2012 3060.3 30.3 25.3 5.1 3065.4

7/24/2012 3065.4 30.8 25.7 5.1 3070.5

8/23/2012 3070.5 30.8 25.7 5.1 3075.7

9/22/2012 3075.7 30.8 25.7 5.1 3080.8

10/22/2012 3080.8 31.0 25.8 5.2 3086.0

11/21/2012 3086.0 31.0 25.8 5.2 3091.1

12/21/2012 3091.1 31.0 25.8 5.2 3096.3

1/20/2013 3096.3 30.5 30.5 25.4 5.1 3101.4

2/19/2013 3101.4 30.5 61.1 25.4 5.1 3106.5

3/21/2013 3106.5 30.5 .0 -91.6 25.4 5.1 3111.6

4/20/2013 3111.6 31.0 31.0 25.9 5.2 3116.7

5/20/2013 3116.7 31.0 62.1 25.9 5.2 3121.9

6/19/2013 3121.9 31.0 .0 -93.1 25.9 5.2 3127.1

7/19/2013 3127.1 31.5 31.5 26.3 5.3 3132.3

8/18/2013 3132.3 31.5 63.1 26.3 5.3 3137.6

9/17/2013 3137.6 31.5 .0 -94.6 26.3 5.3 3142.8

10/17/2013 3142.8 31.7 31.7 26.4 5.3 3148.1

11/16/2013 3148.1 31.7 63.4 26.4 5.3 3153.4

12/16/2013 3153.4 31.7 .0 -95.1 26.4 5.3 3158.7


Asset Type Asset Descrip. Year CapitalizedOringial cost Years Depr Method Acc. Depreci Depreciation Depreciation Net

Date in Service 12.31.12 Monthly 2013 YTD Assets 12.31.13

Computer Hardware HP equipment 2009 3,608$ 3 Srt Line/Half Yr 3,608$ (0)$

Computer Hardware HP equipment 2009 4,360$ 3 Srt Line/Half Yr 4,360$ (0)$

Computer Hardware HP equipment 2011 6,796$ 3 Srt Line/Half Yr 2,775$ 189$ 189 3,832$

Computer Hardware Server - Ukrn 2012 9,243$ 3 Srt Line/Half Yr 770$ 257$ 257 8,216$

24,007$ 11,513$ 446$ 446 12,048$

Furniture & Fixtures Office Furniture & Fixt. 2004 11,257$ 7 Srt Line/Half Yr 7,800$ 134$ 134 3,189$

ACCOUNT 1821

Computer Software Caching Servers 2011 25,306$ 3 Srt Line/Half Yr 13,356$ 703$ 703 10,544$

Computer Software Data Loaders 2011 48,211$ 3 Srt Line/Half Yr 25,444$ 1,339$ 1,339 20,089$

Computer Software iMarket 2011 29,905.56$ 3 Srt Line/Half Yr 15,784$ 831$ 831 12,460$

Computer Software iAlliance 2011 18,700.00$ 3 Srt Line/Half Yr 9,869$ 519$ 519 7,792$

Computer Software iPlan 2011 30,444.44$ 3 Srt Line/Half Yr 16,068$ 846$ 846 12,685$

Computer Software iMedical 2011 12,461.11$ 3 Srt Line/Half Yr 6,577$ 346$ 346 5,192$

Computer Software iPerformance 2011 9,777.78$ 3 Srt Line/Half Yr 5,160$ 272$ 272 4,074$

Computer Software MI-KOL 2011 128,006$ 3 Srt Line/Half Yr 67,559$ 3,556$ 3,556 53,335$

Computer Software Version 11.5 2011 300,443$ 3 Srt Line/Half Yr 158,567$ 8,346$ 8,346 125,184$

Computer Software iMarket 3/31/2013 2012 25,000$ 3 Srt Line/Half Yr -$ 694$ - 24,306$

Computer Software iPlan 3/31/2013 2012 25,000$ 3 Srt Line/Half Yr -$ 694$ - 24,306$





753,255$ 318,385$ 20,924$ 16,757 397,189$

Total 788,519$ 337,698$ 21,503$ 17,337 412,427$

Consolidated Summary Financials January February March April May June July August September October November December Full Year

Revenue


Total Data Revenue 569 701 531 403 422 809 596 596 596 630 733 897 7483

Total Revenue 879 1011 858 730 772 1209 1020 1037 1078 1120 1275 1509 12500

Cost of Goods Sold

Cost of Sales 104 110 148 122 129 129 136 136 136 136 136 136 1558

Other 36 36 36 36 36 36 43 43 43 43 43 43 472

Total Cost of Goods Sold 140 146 184 158 165 165 179 179 179 179 179 178 2030

Total Gross Profit 740 865 674 572 607 1044 841 859 900 942 1096 1331 10470

Margin %

Expenses

Payroll

Salaries 430 420 454 499 491 536 507 502 496 496 496 496 5822

Payroll Taxes 45 45 46 50 50 53 51 46 46 44 43 41 561

Benefits 20 20 23 27 28 30 31 31 31 31 31 31 333

Bonus

Comissions 15 26 39 42 46 59 64 65 69 75 86 104 690

Other

Total Payroll 511 510 562 618 614 677 653 644 642 646 656 672 7406

Marketing

Marketing 13 13 14 8 13 4 17 3 1 86

Total Marketing 13 13 14 8 13 4 17 3 1 86

Facilities

Rent 40 40 40 40 40 40 40 40 40 40 40 40 474

Utilities 9 9 9 9 9 9 6 6 6 6 6 6 91

Other 2 2 2 2 2 2 1 1 1 1 1 1 21

Total Facilities 50 50 50 50 50 50 47 47 47 47 47 47 586

SG&A

Dues & Subscriptions 1 1 1 1 1 1 1 1 1 1 1 1 6

Insurance 11 11 11 11 11 11 11 11 11 11 11 11 128

Accounting 16 16 16 16 16 16 16 16 16 16 16 16 186

Legal 11 11 11 11 11 11 11 11 11 11 11 11 126

Telephone & Internet 15 15 15 15 15 16 15 15 15 15 15 15 180

Travel & Entertainment 67 42 60 47 47 48 48 48 48 48 48 48 600

Consulting 2 2 12 22 22 22 22 22 22 22 22 22 217

IT Expense 5 5 5 5 5 5 5 5 5 5 5 5 54

Office Expense 13 13 13 13 13 13 13 13 13 13 13 13 158

Recruiting 5 5 5 5 5 5 5 5 5 5 5 5 54

Postage

Equipment Leases 5 5 5 5 5 5 5 5 5 5 5 5 65

Education & Training 3 3 3 3 3 3 3 3 3 3 3 3 31

Bank Charges 6 6 6 6 6 6 6 6 6 6 6 6 70

Other 1 1 1 1 1 1 1 1 1 1 1 1 12

Total SG&A 158 133 161 158 158 159 160 160 160 160 160 160 1887

Total Expenses 732 707 787 835 836 891 877 851 852 853 863 880 9965

EBITDA 7 158 -113 -262 -229 152 -36 8 47 89 233 451 505

Budget Yr Consolidated - Monthly 9/18/2013

Consolidated Summary Financials Sales - US Sales -SA

Client Ops

- US

Client Ops

- SA Marketing

Technolog

y BPO

Informatio

n Research

Administr

ation Total 2013

Revenue

Software

iPlan 724 482 1206

iLeader 96 64 161

iMarket 892 595 1487

Other 1298 865 2163

Total Software Revenue 3010 2007 5017

Data

R&D Cube

iBlkship 468 312 780

iAccess 58 38 96

iOpinion 234 156 391

iField

Other 3730 2486 6216

Total Data Revenue 4490 2993 7483

Total Revenue 7500 5000 12500

Cost of Goods Sold

Cost of Sales

Other 96 64 312 472

Total Cost of Goods Sold 96 64 312 472

Total Gross Profit 7404 4936 -312 12028

Margin % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Expenses

Payroll

Salaries 1431 1221 608 530 350 1170 116 405 1128 6960

Payroll Taxes 103 101 50 91 35 114 16 89 103 702

Benefits 130 25 78 6 28 49 8 7 85 417

Bonus

Comissions 412 278 690

Other

Total Payroll 2077 1625 736 627 413 1333 140 502 1316 8769

Marketing

Marketing 86 86

Total Marketing 86 86

Facilities

Rent 474 474

Utilities 91 91

Other 21 21

Total Facilities 586 586

SG&A

Dues & Subscriptions 6 6

Insurance 128 128

Accounting 186 186

Legal 126 126

Telephone & Internet 13 40 9 6 3 19 2 5 98 195

Travel & Entertainment 184 148 70 80 5 20 10 10 223 750

Consulting 190 27 217

IT Expense 54 54

Office Expense 158 158

Recruiting 30 54 84

Postage

Equipment Leases 65 65

Education & Training 31 31

Bank Charges 70 70

Other 12 12

Total SG&A 198 188 109 86 8 229 12 15 1237 2082

Total Expenses 2274 1813 845 713 507 1562 152 517 3139 11523

EBITDA 5130 3123 -845 -713 -507 -1562 -152 -829 -3139 505

Non-Operating

Taxes

Net Interest 523 523

Depreciation/Amortzation 233 233

Other 71 71

Total Non-Operating 827 827

Net Income (Loss) 5130 3123 -845 -713 -507 -1562 -152 -829 -3966 -322

Monthly Budget - Administration January February March April May June July August September October November December Full Year

Revenue

Total Software Revenue

Total Data Revenue

Total Revenue

Cost of Goods Sold

Cost of Sales

Other

Total Cost of Goods Sold

Total Gross Profit

Margin %

Expenses

Payroll

Salaries 89 89 88 95 95 115 93 93 93 93 93 93 1128

Payroll Taxes 9 9 9 10 10 11 10 8 8 7 7 5 103

Benefits 5 5 5 6 6 8 8 8 8 8 8 8 85

Bonus

Comissions

Other

Total Payroll 103 103 102 111 111 134 111 109 109 108 108 107 1316

Marketing

Marketing

Total Marketing

Facilities

Rent 40 40 40 40 40 40 40 40 40 40 40 40 474

Utilities 9 9 9 9 9 9 6 6 6 6 6 6 91

Other 2 2 2 2 2 2 1 1 1 1 1 1 21

Total Facilities 50 50 50 50 50 50 47 47 47 47 47 47 586

SG&A

Dues & Subscriptions 1 1 1 1 1 1 1 1 1 1 1 1 6

Insurance 11 11 11 11 11 11 11 11 11 11 11 11 128

Accounting 16 16 16 16 16 16 16 16 16 16 16 16 186

Legal 11 11 11 11 11 11 11 11 11 11 11 11 126



Consulting 2 2 2 2 2 2 2 2 2 2 2 2 27

IT Expense 5 5 5 5 5 5 5 5 5 5 5 5 54

Office Expense 13 13 13 13 13 13 13 13 13 13 13 13 158

Recruiting 5 5 5 5 5 5 5 5 5 5 5 5 54

Postage

Equipment Leases 5 5 5 5 5 5 5 5 5 5 5 5 65

Education & Training 3 3 3 3 3 3 3 3 3 3 3 3 31

Bank Charges 6 6 6 6 6 6 6 6 6 6 6 6 70

Other 1 1 1 1 1 1 1 1 1 1 1 1 12

Total SG&A 125 100 115 100 100 100 100 100 100 100 100 100 1237

Total Expenses 278 253 267 261 261 285 258 256 256 255 255 254 3139

EBITDA -278 -253 -267 -261 -261 -285 -258 -256 -256 -255 -255 -254 -3139

Non-Operating

Taxes

Net Interest 43 43 43 43 43 43 44 44 44 44 44 44 523

Depreciation/Amortzation 17 17 17 19 19 19 20 20 20 22 22 22 233

Other 8 3 3 3 3 3 8 8 8 8 8 8 71

Total Non-Operating 68 63 63 65 65 65 72 72 72 74 74 74 827

Net Income (Loss) -347 -317 -331 -326 -326 -350 -330 -328 -328 -329 -329 -327 -3966

Monthly Budget - Client Operations Total January February March April May June July August September October November December Full Year

Revenue


Total Data Revenue

Total Revenue

Cost of Goods Sold

Cost of Sales

Other


Total Gross Profit

Margin % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Expenses

Payroll

Salaries 72 79 85 89 96 96 103 103 103 103 103 103 1138

Payroll Taxes 11 11 12 12 12 12 12 12 12 12 12 11 141

Benefits 7 7 7 7 7 7 7 7 7 7 7 7 84

Bonus

Comissions

Other

Total Payroll 90 97 104 108 115 115 122 122 122 122 122 122 1363

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting

IT Expense

Office Expense

Recruiting 30 30

Postage

Equipment Leases

Education & Training

Bank Charges

Other

Total SG&A 13 13 44 14 14 14 14 14 14 14 14 14 195

Total Expenses 104 110 148 122 129 129 136 136 136 136 136 136 1558

EBITDA -104 -110 -148 -122 -129 -129 -136 -136 -136 -136 -136 -136 -1558

Non-Operating

Taxes

Net Interest

Depreciation/Amortzation

Other

Total Non-Operating

Net Income (Loss) -104 -110 -148 -122 -129 -129 -136 -136 -136 -136 -136 -136 -1558

Monthly Budget - Client Ops - US January February March April May June July August September October November December Full Year

Revenue


Total Data Revenue

Total Revenue

Cost of Goods Sold

Cost of Sales

Other


Total Gross Profit


Expenses

Payroll

Salaries 43 43 49 53 53 53 53 53 53 53 53 53 608

Payroll Taxes 4 4 4 4 4 4 4 4 4 4 4 4 50

Benefits 6 6 7 7 7 7 7 7 7 7 7 7 78

Bonus

Comissions

Other

Total Payroll 52 52 60 64 64 64 64 64 64 64 64 63 736

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting

IT Expense

Office Expense

Recruiting 30 30

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 6 6 37 7 7 7 7 7 7 7 7 7 109

Total Expenses 59 59 96 70 70 70 70 70 70 70 70 70 845

EBITDA -59 -59 -96 -70 -70 -70 -70 -70 -70 -70 -70 -70 -845

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) -59 -59 -96 -70 -70 -70 -70 -70 -70 -70 -70 -70 -845

Monthly Budget - Client Ops EU January February March April May June July August September October November December Full Year

Revenue


Total Data Revenue

Total Revenue

Cost of Goods Sold

Cost of Sales

Other


Total Gross Profit


Expenses

Payroll

Salaries 30 36 36 36 44 44 51 51 51 51 51 51 530

Payroll Taxes 8 8 8 8 8 8 8 8 8 8 8 8 91

Benefits 1 1 1 1 1 1 1 1 6

Bonus

Comissions

Other

Total Payroll 38 45 45 45 52 52 59 59 59 59 59 59 627

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal

Telephone & Internet 1 1 1 1 1 1 6


Consulting

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 7 7 7 7 7 7 7 7 7 7 7 7 86

Total Expenses 45 52 52 52 59 59 66 66 66 66 66 66 713

EBITDA -45 -52 -52 -52 -59 -59 -66 -66 -66 -66 -66 -66 -713

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) -45 -52 -52 -52 -59 -59 -66 -66 -66 -66 -66 -66 -713

Monthly Budget - Sales Total January February March April May June July August September October November December Full Year

Revenue



Total Revenue 879 1011 858 730 772 1209 1020 1037 1078 1120 1275 1509 12500

Cost of Goods Sold

Cost of Sales

Other 10 10 10 10 10 10 17 17 17 17 17 17 160



Margin %

Expenses

Payroll

Salaries 169 159 187 227 227 237 244 244 239 239 239 239 2652

Payroll Taxes 14 14 15 18 18 20 20 18 18 17 16 16 204

Benefits 8 8 9 12 13 14 15 15 15 15 15 15 156

Bonus

Comissions 15 26 39 42 46 59 64 65 69 75 86 104 690

Other

Total Payroll 207 207 249 300 304 330 343 343 341 346 356 374 3702

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 27 27 30 32 32 33 34 34 34 34 34 34 385

Total Expenses 234 234 279 333 337 363 377 377 375 380 390 408 4088

EBITDA 635 768 569 387 425 835 626 644 686 724 868 1084 8252

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) 635 768 569 387 425 835 626 644 686 724 868 1084 8252

Monthly Budget - Sales US January February March April May June July August September October November December Full Year

Total Retail Jobs

Revenue

Software

iPlan 72 72 72 60 60 60 60 60 51 51 51 51 724

iLeader 9 9 9 9 9 9 9 9 7 7 7 7 96

iMarket 90 84 80 80 80 80 80 80 80 55 53 49 892

Other 15 21 35 47 61 91 106 116 151 181 213 260 1298


Data

R&D Cube

iBlkship 287 84 98 468

iAccess 58 58

iOpinion 136 99 234

iField

Other 55 201 220 242 253 330 357 357 358 378 440 538 3730


Total Revenue 528 607 515 438 463 725 612 622 647 672 765 905 7500

Cost of Goods Sold

Cost of Sales

Other 6 6 6 6 6 6 10 10 10 10 10 10 96



Margin %

Expenses

Payroll

Salaries 74 64 83 123 123 123 140 140 140 140 140 140 1431

Payroll Taxes 6 5 7 10 10 10 12 9 9 9 8 8 103

Benefits 6 6 7 10 11 12 13 13 13 13 13 13 130

Bonus

Comissions 24 31 25 20 22 41 33 34 37 40 47 58 412

Other

Total Payroll 110 106 121 164 167 187 198 197 199 202 208 219 2077

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 11 11 14 16 16 16 19 19 19 19 19 19 198

Total Expenses 121 117 135 180 183 203 216 215 218 221 227 237 2274

EBITDA 400 484 374 252 274 516 386 397 419 441 528 658 5130

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) 400 484 374 252 274 516 386 397 419 441 528 658 5130

Monthly Budget - Sales EU January February March April May June July August September October November December Full Year

Total Retail Jobs

Revenue

Software

iPlan 48 48 48 40 40 40 40 40 34 34 34 34 482

iLeader 6 6 6 6 6 6 6 6 5 5 5 5 64

iMarket 60 56 53 53 53 53 53 53 53 37 36 33 595

Other 10 14 23 32 41 61 71 77 101 121 142 173 865


Data

R&D Cube

iBlkship 191 56 65 312

iAccess 38 38

iOpinion 90 66 156

iField

Other 37 134 147 161 169 220 238 238 238 252 293 359 2486


Total Revenue 352 405 343 292 309 483 408 415 431 448 510 604 5000

Cost of Goods Sold

Cost of Sales

Other 4 4 4 4 4 4 7 7 7 7 7 7 64



Margin %

Expenses

Payroll

Salaries 95 95 104 104 104 114 104 104 99 99 99 99 1221

Payroll Taxes 8 8 8 8 8 10 8 8 8 8 8 8 101

Benefits 2 2 2 2 2 2 2 2 2 2 2 2 25

Bonus

Comissions -8 -5 14 22 23 18 31 31 33 34 39 46 278

Other

Total Payroll 97 101 128 136 138 144 146 146 142 144 148 156 1625

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 16 16 16 16 16 17 15 15 15 15 15 15 188

Total Expenses 113 117 144 152 154 160 161 162 157 159 163 171 1813

EBITDA 235 284 195 136 151 319 240 247 267 283 340 426 3123

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) 235 284 195 136 151 319 240 247 267 283 340 426 3123

Budget Yr Sales (SA) - Monthly 9/18/2013

Monthly Budget - Technology January February March April May June July August September October November December Full Year

Revenue

Software Technology

Data Consulting

Total Revenue

Cost of Goods Sold

Cost of Sales

Other


Total Gross Profit


Expenses

Payroll

Salaries 88 88 100 100 100 109 98 98 98 98 98 98 1170

Payroll Taxes 9 9 10 10 10 10 10 10 10 10 9 9 114

Benefits 3 3 4 4 4 4 4 4 4 4 4 4 49

Bonus

Comissions

Other

Total Payroll 100 100 114 114 114 123 112 112 112 112 111 111 1333

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal



Consulting 10 20 20 20 20 20 20 20 20 20 190

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 3 3 13 23 23 23 23 23 23 23 23 23 229

Total Expenses 103 103 127 137 137 147 135 135 135 135 134 134 1562

EBITDA -103 -103 -127 -137 -137 -147 -135 -135 -135 -135 -134 -134 -1562

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) -103 -103 -127 -137 -137 -147 -135 -135 -135 -135 -134 -134 -1562

Budget Yr Technology - Monthly 9/18/2013

Monthly Budget - Information Research January February March April May June July August September October November December Full Year

Revenue

Total Software Revenue -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Total Data Revenue -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Total Revenue -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Cost of Goods Sold

Cost of Sales -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Other 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 312,000

Total Cost of Goods Sold 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 26,000$ 312,000$

Total Gross Profit (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (26,000)$ (312,000)$


Expenses

Payroll

Salaries 33,458$ 33,458$ 36,458$ 33,558$ 33,558$ 33,558$ 33,558$ 33,558$ 33,558$ 33,558$ 33,558$ 33,558$ 405,398$

Payroll Taxes 7,404 7,404 7,454 7,470 7,470 7,470 7,470 7,470 7,470 7,470 7,470 7,470 89,495

Benefits 317 317 574 659 659 659 659 659 659 659 659 659 7,139

Bonus - - - - - - - - - - - - -

Comissions - - - - - - - - - - - - -

Other - Odesk - - - - - - - - - - - - -

Total Payroll 41,179$ 41,179$ 44,485$ 41,688$ 41,688$ 41,688$ 41,688$ 41,688$ 41,688$ 41,688$ 41,688$ 41,688$ 502,032$

Marketing

Marketing - - - - - - - - - - - - -

Total Marketing -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Facilities

Rent -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Utilities - - - - - - - - - - - - -

Other - - - - - - - - - - - - -

Total Facilities -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

SG&A

Dues & Subscriptions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Insurance - - - - - - - - - - - - -

Accounting - - - - - - - - - - - - -

Legal - - - - - - - - - - - - -

Telephone & Internet 435 435 435 375 375 375 375 375 375 375 375 375 4,680

Travel & Entertainment 833 833 833 833 833 833 833 833 833 833 833 833 10,000

Consulting - - - - - - - - - - - - -

IT Expense - - - - - - - - - - - - -

Office Expense - - - - - - - - - - - - -

Recruiting - - - - - - - - - - - - -

Postage - - - - - - - - - - - - -

Equipment Leases - - - - - - - - - - - - -

Education & Training - - - - - - - - - - - - -

Bank Charges - - - - - - - - - - - - -

Other - - - - - - - - - - - - -

Total SG&A 1,268$ 1,268$ 1,268$ 1,208$ 1,208$ 1,208$ 1,208$ 1,208$ 1,208$ 1,208$ 1,208$ 1,208$ 14,680$

Total Expenses 42,447$ 42,447$ 45,754$ 42,896$ 42,896$ 42,896$ 42,896$ 42,896$ 42,896$ 42,896$ 42,896$ 42,896$ 516,712$

EBITDA (68,447)$ (68,447)$ (71,754)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (828,712)$

Non-Operating

Taxes -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Net Interest - - - - - - - - - - - - -

Depreciation/Amortzation - - - - - - - - - - - - -

Other - - - - - - - - - - - - -

Total Non-Operating -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Net Income (Loss) (68,447)$ (68,447)$ (71,754)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (68,896)$ (828,712)$

Monthly Budget - BPO Services January February March April May June July August September October November December Full Year

Revenue


Total Data Revenue

Total Revenue

Cost of Goods Sold

Cost of Sales

Other


Total Gross Profit


Expenses

Payroll

Salaries 10 10 10 10 10 10 10 10 10 10 10 10 116

Payroll Taxes 1 1 1 1 1 1 1 1 1 1 1 1 16

Benefits 1 1 1 1 1 1 1 1 1 1 1 1 8

Bonus

Comissions

Other

Total Payroll 12 12 12 12 12 12 12 12 12 12 12 12 140

Marketing

Marketing

Total Marketing

Facilities

Rent

Utilities

Other

Total Facilities

SG&A


Insurance

Accounting

Legal

Telephone & Internet 2


Consulting

IT Expense

Office Expense

Recruiting

Postage

Equipment Leases


Bank Charges

Other

Total SG&A 1 1 1 1 1 1 1 1 1 1 1 1 12

Total Expenses 13 13 13 13 13 13 13 13 13 13 13 13 152

EBITDA -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -152

Non-Operating

Taxes

Net Interest


Other

Total Non-Operating

Net Income (Loss) -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -152

Budget Yr BPO Services - Monthly 9/18/2013

New Business January February March April May June July August SeptemberOctoberNovemberDecemberFull Year

Pipe Line

1 Year -

3 Year

3 Months

New Business - Projection

1 Year 150 210 240 210 240 450 285 240 450 312 375 810 3973

3 Year 75 105 120 105 120 225 143 120 225 312 375 375 2300

3 Months 275 385 440 385 440 825 523 440 825 625 750 1315 7227

500 700 800 700 800 1500 950 800 1500 1250 1500 2500 13500

Total

1 Year 150 210 240 210 240 450 285 240 450 312 375 810 3973

3 Year 75 105 120 105 120 225 143 120 225 312 375 375 2300

3 Months 275 385 440 385 440 825 523 440 825 625 750 1315 7227

500 700 800 700 800 1500 950 800 1500 1250 1500 2500 13500

Billing January February March April May June July August SeptemberOctoberNovemberDecemberFull Year

1 Year 60 60 30 150

84 84 42 210

96 96 48 240

84 84 42 210

96 96 48 240

180 180 90 450

114 114 285

96 96 240

180 180 450

125 312

150 375

324 810

60 84 96 144 180 276 228 234 408 281 294 594 3973

3 Year 10 10 5 75

14 14 7 105

16 16 8 120

14 14 7 105

16 16 8 120

30 30 15 225

19 19 143

16 16 120

30 30 225

42 312

50 375

50 375

10 14 16 24 30 46 38 39 68 68 74 95 2300

3 Month 92 183 275

128 257 385

147 293 440

128 257 385

147 293 440

275 550 825

174 348 523

147 293 440

275 550 825

208 625

250 750

438 1315

92 128 147 312 403 568 431 440 825 557 543 988 7227

NB Billing 162 226 259 480 613 890 697 713 1301 905 911 1677 8835

NB Collection 81 194 243 369 546 752 794 705 1007 1103 908 6702

BackLog Collection 1321 620 916 399 183 328 270 332 118 44 427 70 5029

BackLog Billing 355 657 291 255 299 301 225 81 236 249 99 129 3178

Accounts Receivable January February March April May June July August September October NovemberDecember Full Year

Opening Balance 2044 1239 1422 862 956 1316 1633 1533 1202 1915 2018 1498 2044

Total Billing 516 884 549 735 912 1191 922 794 1537 1154 1010 1807 12012

Total Collection 1321 701 1110 641 552 875 1022 1126 823 1051 1530 979 11730

AR Balance 1239 1422 862 956 1316 1633 1533 1202 1915 2018 1498 2326 2326

Cash Flow Extract January February March April May June July August September October November December

Cash from or used in operating activities

Receipts for Customer 1321 701 1110 641 552 875 1022 1126 823 1051 1530 979

Other Receipts

Less

Payroll Less Comm -495 -484 -523 -576 -569 -619 -589 -578 -573 -571 -570 -568

Commission -34 -36 -50 -44 -48 -84 -68 -67 -86 -85 -108 -130

Facilities Expenes -50 -50 -50 -50 -50 -50 -47 -47 -47 -47 -47 -47

Cost of Sales -140 -146 -184 -158 -165 -165 -179 -179 -179 -179 -179 -178

Accounts Payable -150 -150 -180 -242 -188 -188 -188 -188 -188 -188 -188 -188

Interest to Finance Institution -113 -115 -116 -116

Net Operating Cash Flow 452 -166 9 -429 -469 -346 -49 66 -365 -19 438 -249

Financing Activities

Short-Term Loan Payment

Capital Expenditure -25 -25 -50

Net Cash from Financing -25 -25 -50

Net Cash Flow 452 -166 -16 -429 -469 -371 -49 66 -415 -19 438 -249

Add:Opening Balance 59 510 345 328 -101 -569 -940 -989 -923 -1338 -1358 -920

Closing Balance 510 345 328 -101 -569 -940 -989 -923 -1338 -1358 -920 -1169

Deferred Revenue January February March April May June July August September October November December Full Year

963

Opening 963 601 473 164 169 310 292 194 -49 409 443 178 12012

Add:Billing 516 884 549 735 912 1191 922 794 1537 1154 1010 1807 12500

Less:Revenue 879 1011 858 730 772 1209 1020 1037 1078 1120 1275 1509 476

Closing Balance 601 473 164 169 310 292 194 -49 409 443 178 476

Accounts Payable January February March April May June July August September October November December Full Year

524

Opening 524 553 552 550 477 463 442 439 419 401 381 361 1887

Add:S G & A 158 133 161 158 158 159 160 160 160 160 160 160 86

Marketing 13 13 14 8 13 4 17 3 1 71

Other 8 3 3 3 3 3 8 8 8 8 8 8 2226

Less:Payments 150 150 180 242 188 188 188 188 188 188 188 188 341

Closing Balance 553 552 550 477 463 442 439 419 401 381 361 341

Interest Expenes January February March April May June July August September October November December Full Year

Opening Balance 38 76 38 76 39 77 39 78 374

Add:Expenses 31 31 31 31 31 31 32 32 32 32 32 32 62

Less: PIK 5 5 5 5 5 5 5 5 5 5 5 5 23

Add: Silent Partner (1) 2 2 2 2 2 2 2 2 2 2 2 2 126

Add: Silent Partner (2) 10 10 10 10 10 10 10 10 10 10 10 10 460

Less:Payments 113 115 116 116

Closing Balance Payable 38 76 38 76 39 77 39 78

Investment Partners January February March April May June July August September October November December Full Year

3052

Opening Balance 3052 3057 3062 3067 3073 3078 3083 3088 3093 3099 3104 3109 62

Add:PIK 5 5 5 5 5 5 5 5 5 5 5 5

Less:Payments 3115

Closing Balance 3057 3062 3067 3073 3078 3083 3088 3093 3099 3104 3109 3115

Balance Sheet Dec-12 January February March April May June July August September October November December

ASSETS

Current Assets

Cash and Cash Equivalents 59 510 345 328 -101 -569 -940 -989 -923 -1338 -1358 -920 -1169

Accounts Receivable 2044 1239 1422 862 956 1316 1633 1533 1202 1915 2018 1498 2326

Deferred Commission 86 108 135 156 166 181 234 242 236 279 299 325 408

Other Assets 670 670 670 670 670 670 670 670 670 670 670 670 670

Total Current Assets 2859 2528 2571 2016 1691 1597 1597 1455 1185 1526 1629 1573 2235

Property and Equipment, HW/SW Net 1537 1520 1502 1510 1491 1473 1479 1459 1439 1469 1447 1426 1404

Intangible Assets, Net 8045 8045 8045 8045 8045 8045 8045 8045 8045 8045 8045 8045 8045

Security Deposits 110 110 110 110 110 110 110 110 110 110 110 110 110

TOTAL ASSETS 12551 12203 12229 11682 11338 11226 11231 11070 10779 11150 11231 11154 11795

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities

Current Liabilities

Accounts Payable 524 553 552 550 477 463 442 439 419 401 381 361 341

Accrued Commission 87 90 107 116 125 137 165 169 162 189 198 202 260

Accrued Expenses/Provisions & Other Liabilities736 774 812 736 775 813 736 775 814 736 775 814 736

Notes Payable 356 356 356 356 356 356 356 356 356 356 356 356 356

Deferred Revenue 963 601 473 164 169 310 292 194 -49 409 443 178 476

Total Current Liabilities 2666 2374 2300 1923 1901 2078 1992 1933 1701 2092 2153 1910 2169

Capitalized Lease Obligations 7 7 7 7 7 7 7 7 7 7 7 7 7

Loan Agreement - Silent Partnership 1875 1875 1875 1875 1875 1875 1875 1875 1875 1875 1875 1875 1875

Long Term Debt 3052 3057 3062 3067 3073 3078 3083 3088 3093 3099 3104 3109 3115

Total Liabilities 7600 7313 7244 6873 6856 7038 6957 6903 6677 7073 7139 6902 7166

Stockholders' Equity

Stocks 10250 10250 10250 10250 10250 10250 10250 10250 10250 10250 10250 10250 10250

Additional Paid In Capital

Accumulated Deficit -2295 -4954 -4954 -4954 -4954 -4954 -4954 -4954 -4954 -4954 -4954 -4954 -4954

Fiscal YTD Income (Deficit) -2659 -61 34 -142 -469 -763 -676 -784 -849 -873 -858 -699 -322

Other Comprehensive Income -

Foreign Currency Translation

Difference -345 -345 -345 -345 -345 -345 -345 -345 -345 -345 -345 -345 -345

Total Stockholders' Equity 4951 4890 4985 4809 4481 4187 4274 4166 4102 4077 4092 4252 4629

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY12551 12203 12229 11682 11338 11226 11231 11070 10779 11150 11231 11154 11795

Cash Flow Dec-12 January February March April May June July August September October November December Full Year

NET INCOME 209 -61 95 -176 -328 -294 87 -108 -64 -25 15 159 377 -322

Add: Non-Cash Expenses -269 17 17 17 19 19 19 20 20 20 22 22 22 233

(Depreciation, Amortization, etc)

Add: Working Capital -206 490 -283 162 -125 -198 -457 34 105 -366 -61 252 -653 -1101

Cash from Operating Activities -267 447 -171 4 -434 -474 -351 -54 61 -371 -24 433 -254 -1190

Capital Expenditure

Sale of Fixed Assets

Cash from Investing Activies

Invested Capital 5 5 5 5 5 5 5 5 5 5 5 5 62

Other 193 -25 -25 -50 -100

Cash from Financing Activies 193 5 5 -20 5 5 -20 5 5 -45 5 5 5 -38

Beginning Cash Balance 133 59 510 345 328 -101 -569 -940 -989 -923 -1338 -1358 -920 59

Net Cash Flow -74 452 -166 -16 -429 -469 -371 -49 66 -415 -19 438 -249 -1227

Ending Cash Balance 59 510 345 328 -101 -569 -940 -989 -923 -1338 -1358 -920 -1169 -1169

Master Budget

Economy & Finance

Transcript of Master Budget