CONFIDENTIAL
BALANCE SHEET The Company’s balance sheet is presented below: 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
2014
2015
Assets Current assets: Cash Accounts receivable Inventory Other Total current assets
23,678
23,963
28,174
32,676
33,937
34,865
233,392
231,919
230,446
228,973
227,210
228,685
228,685
234,903
430,995
721,051
1,084,494
2,035
1,777
1,777
1,108
773
773
773
773
773
773
1,442
1,777
1,777
6,955
7,975
9,028
10,190
619
4,802
4,802
1,897
1,897
1,897
1,897
1,897
1,897
1,897
4,802
4,802
4,802
20,255
22,680
24,538
26,356
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
29,832
34,042
38,253
39,180
40,107
41,034
239,561
238,089
236,616
235,143
236,954
238,764
238,764
265,613
465,149
758,117
1,124,540
325,000
325,000
325,000
325,000
325,000
325,000
825,000
825,000
825,000
825,000
825,000
825,000
825,000
935,000
935,000
935,000
935,000
0
0
0
0
0
0
0
0
0
0
0
0
325,000
325,000
325,000
325,000
325,000
325,000
825,000
825,000
825,000
825,000
825,000
825,000
825,000
3,950
3,950
3,950
3,950
3,950
3,950
1,067,714 1,067,714
1,204,563
1,404,099
1,697,067
2,063,490
Fixed Assets Capital assets Less accum depre Book value Other assets Total assets
3,950
3,950
3,950
3,950
3,950
3,950
3,950
3,950
3,950
3,950
3,950
358,782
362,992
367,203
368,130
369,057
369,984
1,068,511
1,067,039
1,065,566
1,064,093
1,065,904
-
935,000
935,000
935,000
935,000
Liabilities Current Liabilities Accounts payable
0
0
0
0
0
0
0
0
0
0
0
0
-
-
-
-
Short-term notes
32,942
32,383
31,825
31,267
30,708
30,150
29,592
29,033
28,475
27,917
27,358
26,800
26,800
20,100
13,400
6,700
-
Total current liabilities
32,942
32,383
31,825
31,267
30,708
30,150
29,592
29,033
28,475
27,917
27,358
26,800
26,800
20,100
13,400
6,700
Long-term loans
0
0
0
0
0
0
0
0
0
0
0
0
-
-
-
-
Total liabilities
32,942
32,383
31,825
31,267
30,708
30,150
29,592
29,033
28,475
27,917
27,358
26,800
26,800
20,100
13,400
6,700
0
Beginning capital
311,940
311,940
311,940
311,940
311,940
311,940
1,011,940
1,011,940
1,011,940
1,011,940
1,011,940
1,011,940 1,011,940
1,011,940
1,011,940
1,011,940
1,011,940
Profit or (loss)
13,900
18,669
23,438
24,923
26,409
27,894
26,980
26,065
25,151
24,236
26,605
28,974
28,974
163,223
360,159
650,527
1,023,650
-
-
-
-
-
-
-
-
-
-
-
-
-
0 0 -
Equity
Ow ner's w ithdraw als Capital-end of period Total liab & equity
42 | p a g e
325,840 358,782
330,609
335,378
362,992
367,203
336,863 368,130
338,349 369,057
339,834 369,984
1,038,920 1,068,511
1,038,005 1,067,039
1,037,091 1,065,566
1,036,176 1,064,093
Copyright © 2012, The Startup Garage. This article may not be reprinted, reproduced, or retransmitted
1,038,545 1,065,904
1,040,914
-
-
-
-
1,040,914
1,175,163
1,372,099
1,662,467
2,035,590
1,067,714 1,067,714
1,195,263
1,385,499
1,669,167
2,035,590