2007
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Net Sales (less returns & allowances) Cost of Goods Sold Gross Income Operating Expenses Advertising Marketing & Promotion Outside Services Payroll Expenses Payroll Taxes (8%) Salaries & Wages Professional Fees Office Total Operating Expenses Operating Income Interest Expense Other Income (interest, royalties, etc.) Income Before Taxes Taxes Income (30%) Total Taxes Net Income
2008
$92 $50 42
$185 $50 135
$277 $75 202
$305 $85 220
$342 $90 252
$740 $110 630
$3,210 $410 2,800
$8,920 $560 8,360
$13,250 $1,100 12,150
$15,800 $1,200 14,600
$19,200 $1,320 17,880
$20,560 $1,800 18,760
Total $82,881 6,850 76,031
2,552 4,740 265 645 1,390 9,592 (9,550) (9,550)
2,552 4,740 265 645 1,390 9,592 (9,457) (9,457)
2,552 4,740 265 645 1,390 9,592 (9,390) (9,390)
2,552 4,740 265 645 1,390 9,592 (9,372) (9,372)
2,552 4,740 265 645 1,390 9,592 (9,340) (9,340)
2,552 4,740 265 645 1,390 9,592 (8,962) (8,962)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (58,048) 4,150 (62,198)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (52,488) 4,150 (56,638)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (48,698) 4,150 (52,848)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (46,248) 4,150 (50,398)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (42,968) 4,150 (47,118)
5,584 11,083 1,250 2,800 35,000 3,232 1,900 60,848 (42,088) 4,150 (46,238)
48,816 94,933 9,090 16,800 210,000 23,259 19,740 422,638 (346,607) 24,900 (371,507)
(9,550)
JAN
(9,457)
FEB
(9,390)
MAR APR
(9,372)
(9,340)
MAY
(8,962)
JUN
2,800 (64,998)
JUL
2,800 (59,438)
AUG
2,800 (55,648)
SEP
2,800 (53,198)
OCT
2,800 (49,918)
NOV
2,800 (49,038)
DEC
16,800 (388,307)
Net Sales (less returns & allowances) Cost of Goods Sold Gross Income Operating Expenses Technical Marketing & Promotion Outside Services Payroll Expenses Payroll (8%) Salaries & Wages Professional Fees Office Total Operating Expenses Operating Income Interest Expense Other Income (interest, royalties, etc.) Income Before Taxes Taxes Income (30%) Total Taxes Net Income
$28,950.00 2,000 26,950
$33,392.50 2,200 31,193
$37,890 2,200 35,690
$43,565 2,200 41,365
$50,875 2,200 48,675
$58,320 2,200 56,120
$65,720 2,500 63,220
$71,040 2,500 68,540
$75,340 2,500 72,840
$82,560 2,500 80,060
$88,800 2,500 86,300
$102,900 2,500 100,400
Total $739,353 28,000 711,353
8,920 10,400 1,450 2,800 35,000 4,050 3,500 66,120 (39,170) 4,150 (43,320)
8,920 10,400 1,450 2,800 35,000 4,050 3,500 66,120 (34,928) 4,150 (39,078)
8,920 10,400 1,450 2,800 35,000 4,050 3,500 66,120 (30,430) 4,150 (34,580)
8,920 10,400 1,450 2,800 35,000 4,050 3,500 66,120 (24,755) 4,150 (28,905)
8,920 10,400 1,450 4,180 35,000 4,050 3,500 67,500 (18,825) 4,150 (22,975)
8,920 10,400 1,450 4,180 35,000 4,050 3,500 67,500 (11,380) 4,150 (15,530)
11,240 10,800 1,675 4,180 35,000 4,050 3,500 70,445 (7,225) 8,300 (15,525)
11,240 10,800 1,675 4,180 35,000 4,050 3,500 70,445 (1,905) 8,300 (10,205)
11,240 10,800 1,675 4,180 35,000 4,050 3,500 70,445 2,395 8,300 (5,905)
11,240 10,800 1,675 4,180 35,000 4,050 3,500 70,445 9,615 8,300 1,315
13,800 11,290 1,675 4,180 35,000 4,050 3,500 73,495 12,805 8,300 4,505
13,800 11,290 1,675 4,180 35,000 4,050 3,500 73,495 26,905 8,300 18,605
126,080 128,180 18,750 44,640 420,000 48,600 42,000 828,250 (116,898) 74,700 (191,598)
2,800 (46,120)
2,800 (41,878)
2,800 (37,380)
2,800 (31,705)
4,180 (27,155)
4,180 (19,710)
4,180 (19,705)
4,180 (14,385)
4,180 (10,085)
4,180 (2,865)
4,180 325
4,180 14,425
44,640 (236,238)
2009
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Net Sales (less returns & allowances) Cost of Goods Sold Gross Income Operating Expenses Technical Marketing & Promotion Outside Services Payroll Expenses Payroll (8%) Salaries & Wages Professional Fees Office Total Operating Expenses Operating Income Interest Expense Other Income (interest, royalties, etc.) Income Before Taxes Taxes Income (30%) Total Taxes Net Income
2010
$112,450 $5,100 107,350
$119,000 5,500 113,500
$132,090 5,500 126,590
$145,089 5,500 139,589
$157,990 5,500 152,490
$184,000 5,500 178,500
$205,900 8,100 197,800
$233,840 8,100 225,740
$267,830 8,100 259,730
$294,000 8,100 285,900
$309,782 11,400 298,382
$324,000 11,400 312,600
Total $2,485,971 $87,800 2,398,171
13,800 11,290 1,675 4,180 65,250 6,250 6,525 108,970 (1,620) 12,450 (14,070)
13,800 11,290 1,675 4,180 65,250 6,250 6,525 108,970 4,530 12,450 (7,920)
13,800 11,290 1,675 4,180 65,250 6,250 6,525 108,970 17,620 12,450 5,170
15,780 13,350 1,675 4,180 65,250 6,250 6,525 113,010 26,579 12,450 14,129
15,780 13,350 1,675 4,180 65,250 6,250 6,525 113,010 39,480 12,450 27,030
15,780 13,350 1,675 6,800 105,000 6,250 10,500 159,355 19,145 12,450 6,695
15,780 13,350 1,675 6,800 105,000 6,250 10,500 159,355 38,445 12,450 25,995
15,780 13,350 1,675 6,800 105,000 6,250 10,500 159,355 66,385 12,450 53,935
15,780 13,350 1,675 6,800 105,000 6,250 10,500 159,355 100,375 12,450 87,925
20,200 16,890 1,675 6,800 105,000 6,250 10,500 167,315 118,585 12,450 106,135
20,200 16,890 1,675 6,800 105,000 6,250 10,500 167,315 131,067 12,450 118,617
20,200 16,890 1,675 6,800 105,000 6,250 10,500 167,315 145,285 12,450 132,835
196,680 164,640 20,100 68,500 1,061,250 75,000 106,125 1,692,295 705,876 149,400 556,476
(4,221) (41) (18,332)
JAN
(2,376) 1,804 (8,492)
FEB
1,551 5,731 12,452
MAR APR
4,239 8,419 26,786
8,109 12,289 47,428
MAY
2,009 8,809 17,512
JUN
7,799 14,599 48,392
JUL
16,181 22,981 93,096
AUG
26,378 33,178 147,480
SEP
31,841 38,641 176,616
OCT
35,585 42,385 196,587
NOV
39,851 46,651 219,336
DEC
166,943 235,443 958,862
Total $7,792,205 238,170 8,030,375
Net Sales (less returns & allowances) Cost of Goods Sold Gross Income Operating Expenses Technical Marketing & Promotion Outside Services Payroll Expenses Salaries & Wages Payroll (8%) Professional Fees Office Total Operating Expenses Operating Income Interest Expense Other Income (interest, royalties, etc.) Income Before Taxes Taxes Income (30%) Total Taxes Net Income
$346,420 14,500 $360,920
$361,720 14,500 $376,220
$401,900 17,500 $419,400
$425,540 17,500 $443,040
$459,540 18,930 $478,470
$619,485 19,240 $638,725
$748,200 21,000 $769,200
$854,700 21,000 $875,700
$872,000 21,000 $893,000
$893,000 23,500 $916,500
$901,300 24,600 $925,900
$908,400 24,900 $933,300
20,200 16,890 1,675 126,000 10,080 6,250 12,600 193,695 $167,225 16,600
20,200 16,890 1,675 126,000 10,080 6,250 12,600 193,695 $182,525 16,600
20,200 16,890 1,675 126,000 10,080 6,250 12,600 193,695 $225,705 16,600
24,300 18,500 1,675 126,000 10,080 6,250 12,600 199,405 $243,635 16,600
24,300 18,500 1,675 126,000 10,080 6,250 12,600 199,405 $279,065 16,600
24,300 18,500 1,675 126,000 10,080 6,250 12,600 199,405 $439,320 16,600
24,300 18,500 1,675 225,000 18,000 6,250 22,500 316,225 $452,975 16,600
24,300 18,500 1,675 225,000 18,000 6,250 22,500 316,225 $559,475 16,600
24,300 18,500 1,675 225,000 18,000 6,250 22,500 316,225 $576,775 16,600
28,900 22,400 1,675 225,000 18,000 6,250 22,500 324,725 $591,775 16,600
28,900 22,400 1,675 225,000 18,000 6,250 22,500 324,725 $601,175 16,600
28,900 22,400 1,675 225,000 18,000 6,250 22,500 324,725 $608,575 16,600
293,100 228,870 20,100 2,106,000 168,480 75,000 210,600 3,102,150 4,928,225 199,200 4,729,025
150,625
165,925
209,105
227,035
262,465
422,720
436,375
542,875
560,175
575,175
584,575
591,975
45,188 55,268 95,358
49,778 59,858 106,068
62,732 72,812 136,294
68,111 78,191 148,845
78,740 88,820 173,646
126,816 136,896 285,824
130,913 148,913 287,463
162,863 180,863 362,013
168,053 186,053 374,123
172,553 190,553 384,623
175,373 193,373 391,203
177,593 195,593 396,383
1,418,708 1,587,188 3,141,838
Pro-Forma Income Statement
2007
2008
2009
2010
Net Sales (less returns & allowances) Cost of Goods Sold Gross Income Operating Expenses Technical Marketing & Promotion Outside Services Payroll Expenses Payroll Taxes (8%) Salaries & Wages Professional Fees Office Total Operating Expenses Operating Income Interest Expense Income Before Taxes Taxes Income (30%) Total Taxes Net Income
$82,881 6,850 76,031
$739,353 28,000 711,353
$2,485,971 $87,800 2,398,171
$7,792,205 238,170 7,554,035
48,816 94,933 9,090 16,800 210,000 23,259 19,740 422,638 (346,607) 24,900 (371,507)
126,080 128,180 18,750 44,640 420,000 48,600 42,000 828,250 (116,898) 74,700 (191,598)
196,680 164,640 20,100 68,500 1,061,250 75,000 106,125 1,692,295 705,876 149,400 556,476
293,100 228,870 20,100 168,480 2,106,000 75,000 210,600 3,102,150 4,451,885 199,200 4,252,685
16,800 (388,307)
44,640 (236,238)
166,943 235,443 321,033
1,275,806 1,587,188 2,665,498