FY $12/31$ FY $12/32$ FY $12/33$ FY $12/34$ FY $12/35$ FY $12/36$ FY $12/37$ FY $12/38$

$20222023$E

Revenue $130,000,000100\mathrm{.}0\%$ Revenue $25\%162,500,000162,500,000100\mathrm{.}0\%$

Cost of Goods Sold $58,500,00045\mathrm{.}0\%0\mathrm{.}0\%1\mathrm{.}5$

Gross Profit $71,500,00055\mathrm{.}0\%$ G$.$ Margins $1\mathrm{.}0\%0\mathrm{.}0\%2\mathrm{.}0$

Sales and Marketing $($S&M$)26,000,00020\mathrm{.}0\%$ S&M $1\mathrm{.}0\%($CSB$)0\mathrm{.}0\%2\mathrm{.}0$

General and Admin $14,300,00011\mathrm{.}0\%$ G&A improves $1\mathrm{.}0\%($CSB$)0\mathrm{.}0\%2\mathrm{.}0$

Research and Development $5,000,0003\mathrm{.}8\%$ R&D $$ $$500,000($$ value$)0\mathrm{.}0\%2\mathrm{.}0$

Depreciation and Amortization $5,000,0003\mathrm{.}8\%$ D&A Stable $($$ value$)0\mathrm{.}0\%1\mathrm{.}5$

Total Operating Costs $50,300,00038\mathrm{.}7\%0\mathrm{.}0\%2\mathrm{.}5185,000$

Operating Income $21,200,00016\mathrm{.}3\%0\mathrm{.}0\%2\mathrm{.}0$

Interest Income $350,0000\mathrm{.}3\%$ Approx $3\mathrm{.}7\%$ of Avg. Cash $1,460,0001,460,0000\mathrm{.}9\%$

Interest Expense $715,0000\mathrm{.}6\%8\mathrm{.}5\%$ of Total Installment Debt Obligations $0\mathrm{.}0\%3\mathrm{.}0$

$0\mathrm{.}0\%$

Pre Tax Income $20,835,00016\mathrm{.}0\%0\mathrm{.}0\%2\mathrm{.}5$ Orig Shrs $11,000,000$

Tax $(21\%)4,375,3503\mathrm{.}4\%21\%0\mathrm{.}0\%1\mathrm{.}5$ Added

Net Income $16,459,65012\mathrm{.}7\%0\mathrm{.}0\%2\mathrm{.}0$ Proceeds

Bought from Mkt

EPS $-$ Basic $$1\mathrm{.}502\mathrm{.}5$ Net shares

EPS $-$ Diluted $$1\mathrm{.}4415\mathrm{.}0$

Shares Outstanding $11,000,00011,000,00011,000,000$

Shares Outstanding for Diluted $15\mathrm{.}0$

$5$ mil common stock warrants exercisable @ $$4\mathrm{.}60.$ Stock price for calculations $=$ $$5\mathrm{.}0057\mathrm{.}0$ CASH FLOW STATEMENT

Projected

BALANCE SHEET $2023$E

$12/31/2212/31/23$E Net Income $2\mathrm{.}0$

Cash $5,000,0003\mathrm{.}5$ Depreciation $1\mathrm{.}0$

A$/$R $($Avg Collec Period $=30$ days$)10,684,932$ Collec period $=30$ days $3\mathrm{.}0$

Inventory $($Days Inv. Held $=45)7,212,329$ Days Inv $=40$ days $3\mathrm{.}0$ A$/$R $2\mathrm{.}5$

Other $5,000,000$ $$1,000,0002\mathrm{.}0$ Inventory $2\mathrm{.}5$

Total Current Assets $27,897,2602\mathrm{.}0$ Other $2\mathrm{.}0$

A$/$P $2\mathrm{.}0$

PP&E $($see note below$)50,000,000$ No change $2\mathrm{.}0$ Accrued Liabs $2\mathrm{.}0$

Less Accumulated Depreciation $5,000,000$ PP&E $10$ yr SLD $2\mathrm{.}0$ Total Cash flow from Ops $2\mathrm{.}5$

Net PP&E $45,000,0001\mathrm{.}0$

PP&E $2\mathrm{.}0$

Other $5,000,000$ No change $2\mathrm{.}0$ Other

Total Assets $77,897,2603\mathrm{.}0$ Financing $2\mathrm{.}0$

Accounts Payable $10,000,00010\%($$ value$)2\mathrm{.}0$ Net Cash Flow $2\mathrm{.}5$

Current portion of LTD $2,000,000$ No change $1\mathrm{.}523\mathrm{.}0$

Accrued Liabilities $1,386,000$ No change $1\mathrm{.}5$

Total Current Liabilities $13,386,0002\mathrm{.}0125\mathrm{.}0$

LTD $9,000,000$ $$1$ Mil paid off on $1/1/232\mathrm{.}0$

Total Liabilities $22,386,0002\mathrm{.}5$

Common Stock $1,000$ No change $1\mathrm{.}5$

Addl PIC $9,999,000$ No change $1\mathrm{.}5$

Retained Earnings $45,511,2602\mathrm{.}5$

Shareholder's Equity $55,511,2602\mathrm{.}5$ B $=80$ and up

Total Equity and Liabilities $77,897,2602\mathrm{.}0$

$45\mathrm{.}0$

Average collection Period $=$ Accounts Receiable $-$: Average Daily Sales $-$

Average Daily Sales $=$ Sales $-$: $365-$

Days Inventory Held $=$ Inventory $-$: Average Daily Cost of Sales