| 4428188 Canada Inc. | |||||||||
| doing business as | For 05/25/2007 to 05/24/2008 | ||||||||
| SageTea Group | Notice: This document is updated periodically. Latest version: | http://sageteagroup.com/financials/4428188CanadaInc.Financial_Plan_Proforma_2008.html | |||||||
| Notice: Planned data and actual data will vary. Actual financial data is available from Simply Accounting (D Brown / 613 821 4036) | |||||||||
| Total | |||||||||
| Revenue | |||||||||
| Channel Sales (B2B/Retail) | $0.00 | ||||||||
| Phoenix Technical Support – Single | $0.00 | ||||||||
| Phoenix Technical support – Add On | $0.00 | ||||||||
| Atlantis 6 Hosted BPM Services | $0.00 | ||||||||
| The BPM Store (Products) | $0.00 | ||||||||
| Operating Revenue From Training | $1,750.80 | ||||||||
| Sub Licensing | $0.00 | ||||||||
| Atlantis Schedule A | $0.00 | ||||||||
| Web Hosting | $280.00 | ||||||||
| Web Design | $180.00 | ||||||||
| Sales | 5119.07 | ||||||||
| Miscellaneous | 0.17 | ||||||||
| Total revenue | $7,330.04 | ||||||||
| Expenses | |||||||||
| Wages & Salaries | $640.00 | ||||||||
| EI Expense | $0.00 | ||||||||
| CPP Expense | $0.00 | ||||||||
| WCB Expense | $0.00 | ||||||||
| EHT Expense | $0.00 | ||||||||
| Payroll – Management Fees | $0.00 | ||||||||
| Employee Benefits | $0.00 | ||||||||
| Subcontracting (Class C) | $4,755.77 | ||||||||
| Subcontracting (Class B) | $0.00 | ||||||||
| Property taxes | $0.00 | ||||||||
| Income taxes | $0.00 | ||||||||
| Amortization expense | $0.00 | ||||||||
| General overhead | $4,626.00 | ||||||||
| Courier and Postage | |||||||||
| Credit Card Charges | |||||||||
| Currency Exchange and Rounding | $0.00 | ||||||||
| Accounting & Legal | $10,450.00 | ||||||||
| Shareholder Loan Payments | $0.00 | ||||||||
| News Wire / Press Releases | $0.00 | ||||||||
| Interest and bank charges | $493.32 | ||||||||
| Rent | |||||||||
| Equipment Purchase | |||||||||
| Backup | $0.00 | ||||||||
| Insurance | $0.00 | ||||||||
| ROYALTY PAYMENT IN TRUST | $89.78 | ||||||||
| Book Keeping | $1,166.19 | ||||||||
| Telephone | $140.60 | ||||||||
| Advertising & Promotions | $353.09 | ||||||||
| Travel & Entertainment | $0.00 | ||||||||
| Bad debts | $0.00 | ||||||||
| Carry Over Expenses | $0.00 | ||||||||
| Programming & Graphic Design Expense | $0.00 | ||||||||
| Miscellaneous | $0.00 | ||||||||
| Realized Exchange Gain/Loss | $0.00 | ||||||||
| Utilities | $0.00 | ||||||||
| Office Supplies | $0.00 | ||||||||
| Cash Short/Over | $0.00 | ||||||||
| Repair & Maintenance | $0.00 | ||||||||
| Total expenses | 22,715 | ||||||||
| Income before income taxes | (15,385) | ||||||||
| Income tax expense | - | ||||||||
| Net income | (15,385) | ||||||||
| Opening retained earnings | (4,250) | ||||||||
| Ending retained earnings | (19,635) | ||||||||
| 4428188 Canada Inc. | ||||||||||||||
| doing business as | ||||||||||||||
| SageTea Group | Notice: This document is updated periodically. Latest version: | http://sageteagroup.com/financials/4428188CanadaInc.Financial_Plan_Proforma_2008.html | ||||||||||||
| Phoenix Technical Support | Notice: Planned data and actual data will vary. Actual financial data is available from Simply Accounting. | |||||||||||||
| Simply ID | 1. Jun. 2008 | 1. Jul. 2008 | 1. Aug. 2008 | 1. Sep. 2008 | 1. Oct. 2008 | 1. Nov. 2008 | 1. Dec. 2008 | 1. Jan. 2009 | 1. Feb. 2009 | 1. Mar. 2009 | 1. Apr. 2009 | Total | ||
| Revenue | ||||||||||||||
| Channel Sales (B2B/Retail) | - | - | - | - | - | - | - | - | 10,000 | - | - | $10,000.00 | ||
| Phoenix Technical Support – Single | - | - | 1,260 | 2,520 | 3,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | $34,315.00 | ||
| Phoenix Technical support – Add On | 98 | - | - | 353 | 490 | 490 | 490 | 490 | 490 | 490 | 490 | $3,880.80 | ||
| Atlantis 6 Hosted BPM Services | 2,600 | - | - | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | 2,600 | $23,400.00 | ||
| The BPM Store (Products) | - | - | - | 2,697 | 3,596 | 3,596 | 3,596 | 3,596 | 3,596 | 3,596 | 3,596 | $27,869.00 | ||
| Training | - | - | - | 498 | 747 | 996 | 996 | 996 | 996 | 996 | 996 | $7,470.00 | ||
| Sub Licensing | - | - | - | - | - | - | - | - | - | - | - | $0.00 | ||
| Atlantis Schedule A | - | - | - | - | - | - | - | - | - | - | - | $0.00 | ||
| Web Hosting | 45 | 15 | - | 60 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | $1,166.10 | ||
| Federal Contracts | - | - | - | - | - | - | - | - | - | - | - | $0.00 | ||
| Consulting | 2,200 | 1,705 | 1,705 | 2,200 | 2,100 | - | 2,100 | - | 2,100 | - | 2,100 | $18,409.50 | ||
| Phoenix Virtual IT Department | 499 | - | 759 | 6,000 | 12,792 | 19,990 | 24,990 | 24,990 | 24,990 | 24,990 | 24,990 | $164,990.05 | ||
| Total revenue | 5,442 | 1,720 | 3,724 | 16,928 | 25,975 | 32,322 | 39,422 | 37,322 | 49,422 | 37,322 | 39,422 | 291,500 | ||
| Expenses | ||||||||||||||
| Wages & Salaries | - | - | - | - | - | 3,200 | 3,200 | 3,200 | 3,200 | 3,200 | 3,200 | 19,200 | ||
| EI Expense | - | - | - | - | - | - | - | - | 1,500 | - | - | 1,500 | ||
| CPP Expense | - | - | - | - | - | - | - | - | - | - | - | - | ||
| WCB Expense | - | - | - | - | - | - | - | - | - | - | - | - | ||
| EHT Expense | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Payroll – Management Fees | 2,000 | 2,000 | 2,000 | 2,846 | 3,299 | 3,616 | 3,971 | 3,866 | 4,471 | 3,866 | 3,971 | 36,031 | ||
| Employee Benefits | 300 | 300 | 300 | 427 | 495 | 542 | 596 | 580 | 896 | 580 | 596 | 5,630 | ||
| Subcontracting (Class C) | * | 245 | 650 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 5,395 | |
| Subcontracting (Class B) | * | 150 | 25 | 54 | 17 | 37 | 169 | 260 | ||||||
| Property taxes | - | |||||||||||||
| Income taxes | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Amortization expense | - | - | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 900 | ||
| General overhead | * | 500 | 250 | - | 250 | 250 | 250 | 250 | 250 | 250 | 2,250 | |||
| Courier and Postage | * | - | - | - | - | - | - | - | - | - | - | - | ||
| Credit Card Charges | * | - | - | - | - | - | - | - | - | - | - | - | ||
| Currency Exchange and Rounding | * | - | - | - | - | - | - | - | - | - | - | - | - | |
| Accounting & Legal | - | 250 | 670 | 250 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 9,170 | ||
| Shareholder Loan Payments | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 550 | ||
| News Wire / Press Releases | 20 | 20 | 20 | 20 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 3,580 | ||
| Interest and bank charges | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Rent | - | - | ||||||||||||
| Equipment Purchase | ||||||||||||||
| Backup | - | - | - | - | - | 750 | 250 | 250 | 250 | 250 | 250 | 2,000 | ||
| Insurance | - | - | - | - | 750 | 270 | 270 | 270 | 270 | 1,020 | 270 | 3,118 | ||
| ROYALTY PAYMENT IN TRUST | 195 | - | - | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 1,950 | ||
| Book Keeping | 120 | 250 | 250 | 250 | 260 | 400 | 400 | 400 | 400 | 400 | 400 | 3,650 | ||
| Telephone | 250 | 400 | 400 | 400 | 400 | 500 | 500 | 500 | 500 | 500 | 500 | 5,100 | ||
| Advertising & Promotions | 50 | 50 | 50 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 32,200 | ||
| Travel & Entertainment | 100 | 100 | 100 | 100 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 4,000 | ||
| Bad debts | ||||||||||||||
| Carry Over Expenses | ||||||||||||||
| Programming & Graphic Design Expense | 900 | 900 | 900 | 500 | 500 | 500 | 500 | |||||||
| Miscellaneous | ||||||||||||||
| Realized Exchange Gain/Loss | ||||||||||||||
| Utilities | ||||||||||||||
| Office Supplies | ||||||||||||||
| Cash Short/Over | - | - | - | - | - | - | - | - | - | - | ||||
| Repair & Maintenance | ||||||||||||||
| Total expenses | 3,980 | 4,070 | 4,690 | 9,138 | 14,199 | 17,298 | 17,236 | 16,678 | 19,119 | 17,580 | 16,791 | 136,224 | ||
| Income before income taxes | 1,462 | (2,350) | (966) | 7,789 | 11,776 | 15,023 | 22,186 | 20,644 | 30,303 | 19,742 | 22,630 | 155,277 | ||
| Income tax expense | - | - | - | - | 3,674 | 2,854 | 4,215 | 3,922 | 5,758 | 3,751 |