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Financial Assumptions
The following table highlights the important assumptions made in this section.
Financial Summary
Vintage Home & Residential Care depends on occupancy in order to be profitable. Total costs outweigh total revenue if there are only three seniors occupying the facility. All sales and marketing goals are focused on getting the facility to its highest possible occupancy level. Vintage Home has two beds available at this time due to current living conditions. As of right now, Founder and CEO Alice Smith lives in one of the 2 bed rooms, while her aunt lives in another. This limits Vintages capacity to three total guests for the first year of operation. In year two, Vintage will be positioned to take on two new guests, which will make the business profitable.
Vintage expects to have sales of $12,300 per month during the first year based on the assumption that there will be 3 guests living at the facility. This figure rises to $19,500 per month in year two due to addition of 2 new guests. Also, an additional $2,000 is added to each of the monthly figures when a new guest is admitted to the facility due to a one time pre-admission fee.
Total costs from employee payroll will be $5,580per month in year 1. Total other expenses are $492 per month and these costs include a groundskeeper, bookkeeper, and handyman. Total expenses for the operation of the facility are $13,531 per month.
Because of the slow growth that will take place over the first two years of operation, Vintage will realize a loss of $14,028 in the first year. As new guests move in, profitability is reached and Vintage will make a profit of $8,116 in the second year. In year 3, Vintages net profit will increase to $26,776. Vintage will be profitable as long as there is an average of at least 4 paying guests. The key to increasing net profits is to increase total capacity for the home.
In order to begin operations at Vintage, a total cash infusion of $45,000 will be needed. Vintage is seeking these funds in the form of equity investment. Vintage is currently owned entirely by Alice Smith.
Startup Expenses and Assumptions
| Start-up Expenses: | |
| Start-up year: | 2011 |
| Start-up funding: | |
| Initial cash investment (equity) | 45,000 |
| Initial loan (short-term) | |
| Initial loan (long-term) | |
| Total cash infusion | 45,000 |
| Start-up expenses: | |
| Land purchase | |
| Building(Fence) | 2,500 |
| Plant and equipment | |
| Company vehicles | |
| Office furniture | |
| Leasehold improvements | |
| Website | 1,500 |
| Logo Design | 500 |
| Bathroom Remodel | 27,000 |
| Office equipment | |
| Initial inventory | 0 |
| Rent deposit | |
| Utility deposits | |
| Research & development | |
| Other start-up expenses | |
| Total start-up expenses | 31,500 |
| Organization expenses: | |
| Legal expenses | |
| Accountant expenses | |
| Consultant expenses | |
| Other organization expenses | |
| Total organization expenses | 0 |
| Total org. & startup expenses | 31,500 |
| Assumptions | |
| Reccurrent ratios | |
| Average Days Receivable | 0 |
| Average Days Payable | 0 |
| Average Days of Inventory | 0 |
| % of sales in cash | 100% |
| % of purchases in cash | 100% |
| % of payroll for taxes & benefits | 25% |
| Short-term interest rate | 0 |
| Long-term interest rate | 0 |
| % tax rate, federal plus state | 0 |
Sales
| Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | 2011 | 2012 | 2013 |
| Unit sales (units): | |||||||||||||||
| Shared Room | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 24 |
| Private Room | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 36 | 36 | 36 |
| ADLs Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Incontinence Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dementia Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Transportation | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 180 | 300 | 300 |
| Pre-Admission Fee | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 |
| Unit prices ($): | |||||||||||||||
| Shared Room | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 |
| Private Room | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 | 4,000.00 |
| ADLs Care | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |
| Incontinence Care | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 |
| Dementia Care | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 | 300.00 |
| Transportation | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Pre-Admission Fee | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 |
| Total sales ($): | |||||||||||||||
| Shared Room | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84,000 | 84,000 |
| Private Room | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 144,000 | 144,000 | 144,000 |
| ADLs Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Incontinence Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dementia Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Transportation | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 3,600 | 6,000 | 6,000 |
| Pre-Admission Fee | 2,000 | 0 | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 4,000 | 0 |
| Total sales ($) | 14,300 | 12,300 | 12,300 | 14,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 151,600 | 238,000 | 234,000 |
| Unit cost ($): | |||||||||||||||
| Shared Room | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Private Room | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| ADLs Care | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Incontinence Care | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dementia Care | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Transportation | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 15.00 |
| Pre-Admission Fee | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total cost of sales: | |||||||||||||||
| Shared Room | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Private Room | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ADLs Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Incontinence Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dementia Care | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Transportation | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 2,700 | 4,500 | 4,500 |
| Pre-Admission Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Total cost of sales | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 2,700 | 4,501 | 4,502 |
Personnel
| Personnel | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | 2011 | 2012 | 2013 |
| Administrator | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,200 | $19,200 |
| Asst Admin/Direct Care | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $14,400 | $14,400 | $14,400 |
| Direct Care Staff 1st Shift | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $26,280 | $26,280 | $17,280 |
| Direct Care Staff 2nd Shift | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $2,190 | $26,280 | $26,280 | $17,280 |
| Overnight Staff | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23,360 | $23,360 |
| Subtotal | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $66,960 | $109,520 | $91,520 |
| Total Headcount | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 |
| Total payroll | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $66,960 | $109,520 | $91,520 |
| Taxes & benefits | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total payroll exp | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $5,580 | $66,960 | $109,520 | $91,520 |
Profit And Loss Statement
| P & L | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | 2011 | 2012 | 2013 |
| Sales ($) | 14,300 | 12,300 | 12,300 | 14,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 12,300 | 151,600 | 238,000 | 234,000 |
| Cost of sales | |||||||||||||||
| Material ($) | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 2,700 | 4,500 | 4,500 |
| Labor ($) | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Other ($) | – | – | – | ||||||||||||
| Total cost of sales | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 225 | 2,700 | 4,500 | 4,500 |
| Gross profit ($) | 14,075 | 12,075 | 12,075 | 14,075 | 12,075 | 12,075 | 12,075 | 12,075 | 12,075 | 12,075 | 12,075 | 12,075 | 148,900 | 233,500 | 229,500 |
| Operating expenses ($) | |||||||||||||||
| Marketing and Advertising expenses | |||||||||||||||
| Sales and Marketing Payroll ($) | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Marketing Strategies Budget ($) | 210 | 10 | 10 | 10 | 10 | 10 | 210 | 10 | 10 | 10 | 10 | 10 | 620 | 620 | 620 |
| Ads ($) | – | – | – | ||||||||||||
| Catalog ($) | – | – | – | ||||||||||||
| Mailing ($) | – | – | – | ||||||||||||
| Promotional Material ($) | – | – | – | ||||||||||||
| Shows ($) | – | – | – | ||||||||||||
| PR ($) | – | – | – | ||||||||||||
| Other ($) | – | – | – | ||||||||||||
| Total Marketing and Advertising expenses | 210 | 10 | 10 | 10 | 10 | 10 | 210 | 10 | 10 | 10 | 10 | 10 | 620 | 620 | 620 |
| General and Administrative Expenses | |||||||||||||||
| Adminstration Payroll ($) | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 6,975 | 83,700 | 136,900 | 114,400 |
| Merchant Services ($) | 584 | 504 | 504 | 584 | 504 | 504 | 504 | 504 | 504 | 504 | 504 | 504 | 6,208 | 9,532 | 9,372 |
| Laundry and Dry Cleaning | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 900 | 900 | 900 |
| Recreational Activities | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 1,800 | 1,800 | 1,800 |
| Rent ($) | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | 37,200 | 37,200 | 37,200 |
| Auto Expenses | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 3600 | 3600 | 3600 |
| Utilities ($) | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 3000 | 3000 | 3000 |
| Telephone ($) | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 2400 | 2400 | 2400 |
| Insurance ($) | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 3600 | 3600 | 3600 |
| Household Supplies ($) | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 600 | 600 | 600 |
| Offce Supplies ($) | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 600 | 600 | 600 |
| Travel ($) | 0 | 0 | 0 | ||||||||||||
| Medical and First Aid ($) | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 600 | 600 | 600 |
| Food ($) | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 9000 | 15000 | 15000 |
| Toiletries ($) | 0 | ||||||||||||||
| Linens ($) | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 900 | 900 | 900 |
| Repair and Maintenance ($) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 1800 | 1800 | 1800 |
| Licensing and Membership Fees ($) | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 600 | 600 | 600 |
| Depreciation ($) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ammortization | 0 | ||||||||||||||
| Miscellaneous ($) | 0 | 0 | 0 | ||||||||||||
| Total General and Administrative Expenses | 13109 | 13029 | 13029 | 13109 | 13029 | 13029 | 13029 | 13029 | 13029 | 13029 | 13029 | 13029 | 156508 | 219032 | 196372 |
| Other expenses | |||||||||||||||
| Consultants ($) | 0 | 0 | 0 | ||||||||||||
| Legal ($) | 0 | 0 | 0 | ||||||||||||
| Bookkeeper ($) | $ 41.67 | $ 41.67 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 500 | 500 | 500 |
| Groundskeeper ($) | $ 200.00 | $ 200.00 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 2400 | 2400 | 2400 |
| Handyman ($) | $ 250.00 | $ 250.00 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 3000 | 3000 | 3000 |
| Other Payroll | |||||||||||||||
| Total Other expenses ($) | $492 | $492 | 492 | 492 | 492 | 492 | 492 | 492 | 492 | 492 | 492 | 492 | 5900 | 5900 | 5900 |
| Total expenses ($) | $13,811 | $13,531 | 13531 | 13611 | 13531 | 13531 | 13731 | 13531 | 13531 | 13531 | 13531 | 13531 | 163028 | 225552 | 202892 |
| Profit ($) | $264 | -$1,456 | -1456 | 464 | -1456 | -1456 | -1656 | -1456 | -1456 | -1456 | -1456 | -1456 | -14028 | 8116 | 26776 |
| Interest expenses – Short Term | $0 | $0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expenses – Long Term | $0 | $0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes ($) | $0 | $0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit ($) | $264 | -$1,456 | -1456 | 464 | -1456 | -1456 | -1656 | -1456 | -1456 | -1456 | -1456 | -1456 | -14028 | 8116 | 26776 |
Cash Flow
| Cash Flow | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | 2011 | 2012 | 2013 |
| Beginning cash | 13,500 | 13,764 | 12,309 | 10,853 | 11,317 | 9,862 | 8,406 | 6,750 | 5,295 | 3,839 | 2,383 | 928 | 13,500 | (528) | 7,588 |
| Cash in: | |||||||||||||||
| Net profit | 264 | (1,456) | (1,456) | 464 | (1,456) | (1,456) | (1,656) | (1,456) | (1,456) | (1,456) | (1,456) | (1,456) | (14,028) | 8,116 | 26,776 |
| Depreciation & amort. | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Change in accts payable | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Current borrowing | – | – | – | ||||||||||||
| Long-term borrowing | – | – | – | ||||||||||||
| Increase other liabilities | – | – | – | ||||||||||||
| Capital input | – | – | – | ||||||||||||
| Total cash in | 264 | (1,456) | (1,456) | 464 | (1,456) | (1,456) | (1,656) | (1,456) | (1,456) | (1,456) | (1,456) | (1,456) | (14,028) | 8,116 | 26,776 |
| Cash out: | |||||||||||||||
| Change in A/R | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Change in inventory | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Change other ST assets | – | – | – | ||||||||||||
| Capital expenditures | – | – | – | ||||||||||||
| Loan repayment (ST) | – | – | – | ||||||||||||
| Loan repayment (LT) | – | – | – | ||||||||||||
| Dividends | – | – | – | ||||||||||||
| Owner withdrawal | – | – | – | ||||||||||||
| Total cash out | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Net cash flow | 264 | (1,456) | (1,456) | 464 | (1,456) | (1,456) | (1,656) | (1,456) | (1,456) | (1,456) | (1,456) | (1,456) | (14,028) | 8,116 | 26,776 |
| Cash balance | 13,764 | 12,309 | 10,853 | 11,317 | 9,862 | 8,406 | 6,750 | 5,295 | 3,839 | 2,383 | 928 | (528) | (528) | 7,588 | 34,364 |
Balance Sheet
| Balance Sheet | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | 2011 | 2012 | 2013 |
| Current assets: | |||||||||||||||
| Cash | 13,764 | 12,309 | 10,853 | 11,317 | 9,862 | 8,406 | 6,750 | 5,295 | 3,839 | 2,383 | 928 | (528) | (528) | 7,588 | 34,364 |
| Accounts Receivable | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Inventory | |||||||||||||||
| Deposits | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Total Current Assets | 13,764 | 12,309 | 10,853 | 11,317 | 9,862 | 8,406 | 6,750 | 5,295 | 3,839 | 2,383 | 928 | (528) | (528) | 7,588 | 34,364 |
| Fixed Assets | |||||||||||||||
| Capital Assets | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 |
| Less accumulated depreciation | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Book Value | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 | 31,500 |
| Other Assets | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Total Assets | 45,264 | 43,809 | 42,353 | 42,817 | 41,362 | 39,906 | 38,250 | 36,795 | 35,339 | 33,883 | 32,428 | 30,972 | 30,972 | 39,088 | 65,864 |
| Current Liabilities | |||||||||||||||
| Accounts Payable | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Short-term Notes | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Other Short Term Liabilities | |||||||||||||||
| Total Current Liab. | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Long-term Liabilities | – | – | – | ||||||||||||
| Total Liabilities | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Beginning Capital | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 |
| Profit or (Loss) | 264 | (1,191) | (2,647) | (2,183) | (3,638) | (5,094) | (6,750) | (8,205) | (9,661) | (11,117) | (12,572) | (14,028) | (14,028) | (5,912) | 20,864 |
| Owner’s Withdrawal | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Capital – End of Period | 45,264 | 43,809 | 42,353 | 42,817 | 41,362 | 39,906 | 38,250 | 36,795 | 35,339 | 33,883 | 32,428 | 30,972 | 30,972 | 39,088 | 65,864 |
| Total Liabilities and Equity | 45,264 | 43,809 | 42,353 | 42,817 | 41,362 | 39,906 | 38,250 | 36,795 | 35,339 | 33,883 | 32,428 | 30,972 | 30,972 | 39,088 | 65,864 |