Deep Current, Inc.
Financial Projections
Jan-01 Feb-01 Mar-01 Apr-01 May-01 Jun-01 Jul-01 Aug-01 Sep-01 Oct-01 Nov-01 Dec-01 FY-01 Jan-02 Feb-02 Mar-02 Apr-02 May-02 Jun-02 Jul-02 Aug-02 Sep-02 Oct-02 Nov-02 Dec-02 FY-02 Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 FY-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 FY-04
Balance Sheet
Cash & Equivalents 0 44,007 39,979 33,979 27,979 21,856 ######## ######## ######## 902,622 707,470 554,761 554,761 405,184 285,248 220,463 185,043 198,983 235,664 303,826 419,001 545,358 735,184 964,821 988,931 988,931 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 2,024,117 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 4,220,046
Accounts Receivable 0 0 0 0 0 0 0 0 0 52,793 105,586 158,380 158,380 198,572 251,255 303,937 356,619 409,302 461,984 514,667 567,349 620,032 672,714 725,396 778,079 778,079 549,323 641,846 734,369 826,892 919,416 ######## ######## ######## ######## ######## ######## ######## 1,567,078 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 1,900,374
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 0 44,007 39,979 33,979 27,979 21,856 ######## ######## ######## 955,416 813,057 713,140 713,140 603,757 536,502 524,400 541,662 608,285 697,648 818,493 986,350 ######## ######## ######## ######## 1,767,009 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 3,591,195 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 6,120,420
Furniture Fixtures & Equipment 0 0 0 0 0 0 0 0 12,000 20,000 30,000 32,000 32,000 38,000 40,000 40,000 40,000 40,000 40,000 42,000 44,000 44,000 44,000 44,000 44,000 44,000 44,000 46,060 48,120 48,120 48,120 52,240 52,240 52,240 54,300 54,300 56,360 56,360 56,360 58,545 60,731 60,731 60,731 60,731 62,916 65,102 65,102 65,102 65,102 65,102 65,102 65,102
Leasehold Improvements 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 36,000 36,000
Computer Equipment 0 0 0 0 0 0 0 25,000 65,300 96,974 125,071 144,393 144,393 164,501 185,803 193,259 211,868 221,631 242,547 269,658 287,961 312,419 328,030 354,794 372,713 372,713 449,994 493,780 540,119 583,841 630,097 689,226 740,589 794,485 856,085 915,068 981,755 ######## 1,045,825 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 2,701,693
   accumulated depreciation 0 0 0 0 0 0 0 0 0 0 0 (54,531) (54,531) (65,817) (77,104) (88,390) (99,677) (110,963) (122,250) (133,536) (144,823) (156,109) (167,396) (178,682) (189,969) (189,969) (220,359) (250,749) (281,139) (311,529) (341,919) (372,309) (402,699) (433,089) (463,479) (493,869) (524,259) (554,649) (554,649) (631,381) (708,113) (784,845) (861,577) (938,309) ######## ######## ######## ######## ######## ######## ######## (1,467,412)
NET FIXED ASSETS 0 0 0 0 0 0 0 25,000 77,300 116,974 155,071 121,862 121,862 137,684 150,699 147,868 156,191 155,668 166,298 185,121 195,139 209,310 214,634 231,112 238,744 238,744 286,636 303,091 322,100 336,432 353,298 387,157 409,130 433,636 467,906 497,499 536,856 571,536 571,536 766,490 801,467 832,708 878,788 917,855 968,503 ######## ######## ######## ######## ######## ######## 1,335,383
TOTAL ASSETS 0 44,007 39,979 33,979 27,979 21,856 ######## ######## ######## ######## 968,128 835,002 835,002 741,440 687,202 672,268 697,853 763,953 863,946 ######## ######## ######## ######## ######## ######## 2,005,754 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 4,162,731 ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## ######## 7,455,803
Accounts Payable 0 35,000 70,000 105,000 140,000 175,000 200,000 6,411 6,411 6,411 6,411 6,411 6,411 7,413 7,420 7,420 7,397 7,397 7,433 7,442 7,452 7,461 7,471 7,480 7,490 7,490 12,720 12,748 12,748 12,329 12,329 13,069 13,194 13,319 13,444 13,568 13,693 13,818 13,818 22,068 22,401 22,401 16,767 16,767 25,402 25,916 26,429 26,943 27,457 27,971 28,484 28,484
Lines of Credit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Accrued Salaries & Expenses 0 11,507 13,479 13,479 13,479 11,581 11,647 17,468 33,993 57,668 73,545 79,096 79,096 82,868 87,687 91,420 95,180 98,981 105,606 108,631 113,843 127,812 121,607 125,505 147,265 147,265 134,803 142,188 161,026 170,315 186,111 205,591 202,424 209,031 237,471 224,074 232,001 270,169 270,169 268,622 270,322 275,990 281,688 287,371 312,946 301,731 307,437 339,673 318,871 324,599 365,983 365,983
TOTAL CURRENT LIABILITIES 0 46,507 83,479 118,479 153,479 186,581 211,647 23,879 40,404 64,079 79,956 85,507 85,507 90,281 95,108 98,840 102,577 106,378 113,039 116,074 121,295 135,273 129,078 132,986 154,754 154,754 147,523 154,936 173,775 182,644 198,440 218,660 215,618 222,350 250,915 237,642 245,694 283,987 283,987 290,690 292,723 298,391 298,455 304,138 338,348 327,647 333,866 366,616 346,327 352,569 394,467 394,467
Long Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Capital Leases 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL LONG TERM LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL LIABILITIES 0 46,507 83,479 118,479 153,479 186,581 211,647 23,879 40,404 64,079 79,956 85,507 85,507 90,281 95,108 98,840 102,577 106,378 113,039 116,074 121,295 13