Ballerina Tech THIS COMPANY AND THE MODEL ARE TOTALLY FICTIO

Assumptions & Summary COLORED CELLS ARE HIGHLIGHTED TO AID DISCUSSION

Assumptions
Funding closing 12/31/2009

Sales/CAC
Customer Acquisition Cost
Monthly Budget Year 1
Yr 2 Monthly Budget
Yr 3 Monthly Budget
% Dormant Inactive
$ 19.00
$ 8,000 Increase per month
$ 100,000 per month Yr 4 Monthly Budget $ 200,000
$ 150,000 per month Yr 5 Monthly Budget $ 250,000
80.0%

Products Per Subscriber Penetration % Year Start Gross Margin

Product 1 59.95 100% 1 90%
Product 2 0% 7 0%
Product 3 39.95 5% 1 99%
Product 4 79.95 2% 2 99%
Product 5 25.00 2% 3 99%
Product 6 5.00 2% 3 99%
Product 7 65.00 2% 4 99%
Product 8
Product 9

Staff Additions Active customers

Customer Service 10,000
Technical Support 10,000
Supervisors 10

VC Return

Exit EBITDA 3,277,546

EBITDA multiple exit 8
VC ownership 0.50
VC return 13,110,185
VC Investment 3,000,000
VC multiple 4.4
DEL ARE TOTALLY FICTIOUS

FINANCIAL SUMMARY
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue $ 1,981,742 3,842,151 5,942,826 8,069,375 10,118,560
Gross Margin $ 1,784,747 3,462,972 5,372,293 7,307,165 9,165,511
OPEX $ 2,090,265 2,825,340 3,589,140 5,019,840 5,887,965
EBITDA $ (305,518) 637,632 1,783,153 2,287,325 3,277,546
Revenue Growth na 94% 55% 36% 25%
GM % 90% 90% 90% 91% 91%
EBITDA % -15% 17% 30% 28% 32%

Cash 2,355,134 2,839,161 3,874,498 5,201,893 7,094,073

Accounts Receivable 152,452 159,697 249,364 337,036 425,184
PP&E 57,500 76,528 118,194 194,444 275,278
Current Liabilities 143,105 150,288 199,077 277,569 332,909
Funded Debt - - - - -
Due to Shareholders - - - - -
Equity 2,671,982 3,175,097 4,292,980 5,705,804 7,711,626
SW units sold annually 32,842 63,158 94,737 126,316 157,895

Sources and Uses

Sources $ Uses $
Equity 3,000,000 Marketing and A 2,750,000
Closing Costs 250,000
Total 3,000,000 Total 3,000,000
Ballerina Tech ANNUAL SUMMARY

Income Statement Year 1 Year 2 Year 3

Detail Row 24 Revenue $ 1,981,742 3,842,151 5,942,826
Gross Margin $ 1,784,747 3,462,972 5,372,293
OPEX $ 2,090,265 2,825,340 3,589,140
EBITDA $ (305,518) 637,632 1,783,153

Revenue Growth na 94% 55%

GM % 90% 90% 90%
EBITDA % -15% 17% 30%

SW units sold 32,842 63,158 94,737

YEAR 1 1 1 1
YTD Month 1 Month 2 Month 3 Month 4

Revenue 105,940 25,399 50,798 76,236 101,635

Gross Margin 53,072 22,873 45,747 68,659 91,533

Operating Expenses 512,863 122,783 130,783 138,783 146,783

Operating Income/EBITDA ### (99,909) (85,036) (70,123) (55,250)

Depreciation 1,658 1,528 1,528 1,667 1,667
Interest Expense - - - - -
Income Before Tax ### (101,437) (86,564) (71,790) (56,917)
Taxes - - - -
Net Income ### (101,437) (86,564) (71,790) (56,917)

Customer Acquisition Cost $ 19.00 19.00 19.00 19.00 19.00

Monthly Budget 8,000 16,000 24,000 32,000
New Customers 421 842 1,263 1,684

Customers
Opening - 421 1,263 2,526
Additions 421 842 1,263 1,684
Ending Customers 421 1,263 2,526 4,211
Active Customers 0.2 84 253 505 842

Units Sold
Product 1 100.0% 421 842 1,263 1,684
Product 2 0.0% - - - -
Product 3 5.0% 4 8 13 17
Product 4 2.0% - - - -
Product 5 2.0% - - - -
Product 6 2.0% - - - -
Product 7 2.0% - - - -
Product 8 0.0% - - - -
Product 9 0.0% - - - -

Revenue
 Product 1 59.95 25,239 50,478 75,717 100,956
Product 2 - - - - -
Product 3 39.95 160 320 519 679
Product 4 79.95 - - - -
Product 5 25.00 - - - -
Product 6 5.00 - - - -
Product 7 65.00 - - - -
Product 8 - - - - -
Product 9 - - - - -
Total Revenue 25,399 50,798 76,236 101,635
Revenue/customer 60 60 60 60

Gross Margin
Product 1 0.90 22,715 45,430 68,145 90,860
Product 2 0.00 - - - -
Product 3 0.99 158 316 514 672
Product 4 0.99 - - - -
Product 5 0.99 - - - -
Product 6 0.99 - - - -
Product 7 0.99 - - - -
Product 8 0.00 - - - -
Product 9 0.00 - - - -
Total Gross Margin 22,873 45,747 68,659 91,533
Gross Margin/Customer 54.32 54.32 54.36 54.35

Staffing Additions
CSR 10000 1 1 1 1
Tech Support 10000 1 1 1 1
Supervisors 10 - - - -

Expenses
Salaries
CEO ### 14,583 14,583 14,583 14,583
CFO ### - - - -
COO ### - - - -
Marketing Manager ### 10,000 10,000 10,000 10,000
Marketing Associate 1 $ 40,000
Marketing Associate 2 $ 35,000 2,917 2,917 2,917 2,917
Chief Engineer ### 10,000 10,000 10,000 10,000
Engineer Software 1 $ 80,000 6,667 6,667 6,667 6,667
Engineer Software 2 $ 80,000 6,667 6,667 6,667 6,667
Admin/Office Manager $ 65,000 - - - -
Controller $ 85,000 7,083 7,083 7,083 7,083
Accountant $ 35,000
Analyst $ 60,000 - - - -
CSR $ 35,000 2,917 2,917 2,917 2,917
Tech Support $ 45,000 3,750 3,750 3,750 3,750
Supervisors $ 55,000 - - - -
Employee Benefits & Taxes 17% 10,979 10,979 10,979 10,979
Total Salaries 75,563 75,563 75,563 75,563

G&A
Accounting/Audit 5,000 5,000 5,000 5,000 5,000
Customer Acquisition 8,000 16,000 24,000 32,000
 Dues, Subscription Fees 250 250 250 250 250
Finance Consulting 2,500 2,500 2,500 2,500 2,500
Insurance 1 1,000 1,000 1,000 1,000 1,000
Insurance 2 1,000 1,000 1,000 1,000 1,000
Internet 720 720 720 720 720
Legal 7,500
Marketing Consulting 5,000 5,000 5,000 5,000 5,000
Other 5,000 5,000 5,000 5,000 5,000
Parking 500 500 500 500 500
Postage and Delivery 350 350 350 350 350
Printing 500 500 500 500 500
Rent 5,000 5,000 5,000 5,000 5,000
Repairs and Maintenance 150 150 150 150 150
Technical Consulting 5,000 5,000 5,000 5,000 5,000
Telephone 1,500 1,500 1,500 1,500 1,500
Utilities 250 250 250 250 250
Website Hosting 5,000 5,000 5,000 5,000 5,000
Website Maintenance 500 500 500 500 500
Total 47,220 55,220 63,220 71,220

Total Expenses SG&A 122,783 130,783 138,783 146,783

Per New Customer 291.61 155.30 109.87 87.15
Operating Income/EBITDA (99,909) (85,036) (70,123) (55,250)
Depreciation 1,528 1,528 1,667 1,667
Interest Expense - - - -
Income Before Tax (101,437) (86,564) (71,790) (56,917)
NNUAL SUMMARY

Year 4 Year 5 THIS COMPANY AND THE MODEL ARE TOTALLY FICTIOUS
8,069,375 10,118,560
7,307,165 9,165,511
5,019,840 5,887,965
2,287,325 3,277,546

36% 25%
91% 91%
28% 32%

126,316 157,895

1 1 1 1 1 1 1 1
Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12

127,034 152,432 177,831 203,270 228,669 254,067 279,466 304,905

114,406 137,279 160,152 183,065 205,938 228,812 251,685 274,598

154,783 162,783 185,595 193,595 201,595 209,595 217,595 225,595

(40,377) (25,503) (25,443) (10,530) 4,343 19,217 34,090 49,003

1,806 1,806 1,944 1,944 2,083 2,083 2,222 2,222
- - - - - - - -
(42,182) (27,309) (27,387) (12,474) 2,260 17,133 31,868 46,781
- - - - - - - -
(42,182) (27,309) (27,387) (12,474) 2,260 17,133 31,868 46,781

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00

40,000 48,000 56,000 64,000 72,000 80,000 88,000 96,000
2,105 2,526 2,947 3,368 3,789 4,211 4,632 5,053

4,211 6,316 8,842 11,789 15,158 18,947 23,158 27,789

2,105 2,526 2,947 3,368 3,789 4,211 4,632 5,053
6,316 8,842 11,789 15,158 18,947 23,158 27,789 32,842
1,263 1,768 2,358 3,032 3,789 4,632 5,558 6,568

2,105 2,526 2,947 3,368 3,789 4,210 4,631 5,052

- - - - - - - -
21 25 29 34 38 42 46 51
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
126,195 151,434 176,673 201,912 227,151 252,390 277,628 302,867
- - - - - - - -
839 999 1,159 1,358 1,518 1,678 1,838 2,037
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
127,034 152,432 177,831 203,270 228,669 254,067 279,466 304,905
60 60 60 60 60 60 60 60

113,575 136,290 159,005 181,720 204,435 227,151 249,866 272,581

- - - - - - - -
831 989 1,147 1,345 1,503 1,661 1,819 2,017
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
114,406 137,279 160,152 183,065 205,938 228,812 251,685 274,598
54.34 54.34 54.34 54.35 54.34 54.34 54.34 54.35

1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1
- - - - - - - -

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583

- - - - - - - -
- - - - - - - -
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- - - - - - - -
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917
- - - - - - - -
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
3,750 3,750 3,750 3,750 3,750 3,750 3,750 3,750
- - - - - - - -
10,979 10,979 12,042 12,042 12,042 12,042 12,042 12,042
75,563 75,563 82,875 82,875 82,875 82,875 82,875 82,875

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

40,000 48,000 56,000 64,000 72,000 80,000 88,000 96,000
 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
79,220 87,220 102,720 110,720 118,720 126,720 134,720 142,720

154,783 162,783 185,595 193,595 201,595 209,595 217,595 225,595

73.52 64.43 62.97 57.47 53.20 49.78 46.98 44.65
(40,377) (25,503) (25,443) (10,530) 4,343 19,217 34,090 49,003
1,806 1,806 1,944 1,944 2,083 2,083 2,222 2,222
- - - - - - - -
(42,182) (27,309) (27,387) (12,474) 2,260 17,133 31,868 46,781
TOTALLY FICTIOUS

2 2 2 2 2 2 2 2
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20

329,787 319,273 319,313 319,273 319,313 319,313 319,273 319,313

298,092 287,684 287,724 287,684 287,724 287,724 287,684 287,724

229,595 229,595 229,595 237,395 237,395 237,395 237,395 237,395

68,497 58,089 58,129 50,289 50,329 50,329 50,289 50,329

2,361 2,361 2,500 2,639 2,778 2,917 3,056 3,194
- - - - - - - -
66,136 55,728 55,629 47,650 47,551 47,412 47,233 47,134
- - - - - - 16,532 16,497
66,136 55,728 55,629 47,650 47,551 47,412 30,702 30,637

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
5,263 5,263 5,263 5,263 5,263 5,263 5,263 5,263

32,842 38,105 43,368 48,632 53,895 59,158 64,421 69,684

5,263 5,263 5,263 5,263 5,263 5,263 5,263 5,263
38,105 43,368 48,632 53,895 59,158 64,421 69,684 74,947
7,621 8,674 9,726 10,779 11,832 12,884 13,937 14,989

5,263 5,263 5,263 5,263 5,263 5,263 5,263 5,263

- - - - - - - -
53 52 53 52 53 53 52 53
152 21 21 21 21 21 21 21
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
315,517 315,517 315,517 315,517 315,517 315,517 315,517 315,517
- - - - - - - -
2,117 2,077 2,117 2,077 2,117 2,117 2,077 2,117
12,152 1,679 1,679 1,679 1,679 1,679 1,679 1,679
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
329,787 319,273 319,313 319,273 319,313 319,313 319,273 319,313
63 61 61 61 61 61 61 61

283,965 283,965 283,965 283,965 283,965 283,965 283,965 283,965

- - - - - - - -
2,096 2,057 2,096 2,057 2,096 2,096 2,057 2,096
12,031 1,662 1,662 1,662 1,662 1,662 1,662 1,662
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
298,092 287,684 287,724 287,684 287,724 287,724 287,684 287,724
56.64 54.66 54.67 54.66 54.67 54.67 54.66 54.67

1 1 1 2 2 2 2 2
1 1 1 2 2 2 2 2
- - - - - - - -

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583

- - - - - - - -
- - - - - - - -
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- - - - - - - -
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
- - - - - - - -
2,917 2,917 2,917 5,833 5,833 5,833 5,833 5,833
3,750 3,750 3,750 7,500 7,500 7,500 7,500 7,500
- - - - - - - -
12,042 12,042 12,042 13,175 13,175 13,175 13,175 13,175
82,875 82,875 82,875 90,675 90,675 90,675 90,675 90,675

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
146,720 146,720 146,720 146,720 146,720 146,720 146,720 146,720

229,595 229,595 229,595 237,395 237,395 237,395 237,395 237,395

43.62 43.62 43.62 45.11 45.11 45.11 45.11 45.11
68,497 58,089 58,129 50,289 50,329 50,329 50,289 50,329
2,361 2,361 2,500 2,639 2,778 2,917 3,056 3,194
- - - - - - - -
66,136 55,728 55,629 47,650 47,551 47,412 47,233 47,134
 2 2 2 2 3 3 3 3
Month 21 Month 22 Month 23 Month 24 Month 25 Month 26 Month 27 Month 28

319,313 319,273 319,313 319,393 499,604 490,939 491,623 492,518

287,724 287,684 287,724 287,803 452,016 443,437 444,115 445,000

237,395 237,395 237,395 237,395 295,195 295,195 295,195 295,195

50,329 50,289 50,329 50,408 156,821 148,242 148,920 149,805

3,333 3,472 3,611 3,750 4,028 4,167 4,444 4,583
- - - - - - - -
46,995 46,817 46,717 46,658 152,793 144,076 144,475 145,222
16,448 16,386 16,351 16,330 53,478 50,426 50,566 50,828
30,547 30,431 30,366 30,327 99,316 93,649 93,909 94,394

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00

100,000 100,000 100,000 100,000 150,000 150,000 150,000 150,000
5,263 5,263 5,263 5,263 7,895 7,895 7,895 7,895

74,947 80,211 85,474 90,737 96,000 103,895 111,789 119,684

5,263 5,263 5,263 5,263 7,895 7,895 7,895 7,895
80,211 85,474 90,737 96,000 103,895 111,789 119,684 127,579
16,042 17,095 18,147 19,200 20,779 22,358 23,937 25,516

5,263 5,263 5,263 5,263 7,894 7,894 7,894 7,894

- - - - - - - -
53 52 53 53 78 79 79 79
21 21 21 22 31 32 31 32
- - - - 415 32 31 32
- - - - 2,078 2,236 2,394 2,552
- - - - - - - -
- - - - - - - -
- - - - - - - -
315,517 315,517 315,517 315,517 473,245 473,245 473,245 473,245
- - - - - - - -
2,117 2,077 2,117 2,117 3,116 3,156 3,156 3,156
1,679 1,679 1,679 1,759 2,478 2,558 2,478 2,558
- - - - 10,375 800 775 800
- - - - 10,389 11,179 11,968 12,758
- - - - - - - -
- - - - - - - -
- - - - - - - -
319,313 319,273 319,313 319,393 499,604 490,939 491,623 492,518
61 61 61 61 63 62 62 62

283,965 283,965 283,965 283,965 425,921 425,921 425,921 425,921

- - - - - - - -
2,096 2,057 2,096 2,096 3,085 3,124 3,124 3,124
1,662 1,662 1,662 1,741 2,454 2,533 2,454 2,533
- - - - 10,271 792 767 792
- - - - 10,286 11,067 11,849 12,630
- - - - - - - -
- - - - - - - -
- - - - - - - -
287,724 287,684 287,724 287,803 452,016 443,437 444,115 445,000
54.67 54.66 54.67 54.68 57.26 56.17 56.25 56.37

2 2 2 2 3 3 3 3
2 2 2 2 3 3 3 3
- - - - - - - -

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583

- - - - - - - -
- - - - - - - -
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- - - - - - - -
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
- - - - - - - -
5,833 5,833 5,833 5,833 8,750 8,750 8,750 8,750
7,500 7,500 7,500 7,500 11,250 11,250 11,250 11,250
- - - - - - - -
13,175 13,175 13,175 13,175 14,308 14,308 14,308 14,308
90,675 90,675 90,675 90,675 98,475 98,475 98,475 98,475

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

100,000 100,000 100,000 100,000 150,000 150,000 150,000 150,000
 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
146,720 146,720 146,720 146,720 196,720 196,720 196,720 196,720

237,395 237,395 237,395 237,395 295,195 295,195 295,195 295,195

45.11 45.11 45.11 45.11 37.39 37.39 37.39 37.39
50,329 50,289 50,329 50,408 156,821 148,242 148,920 149,805
3,333 3,472 3,611 3,750 4,028 4,167 4,444 4,583
- - - - - - - -
46,995 46,817 46,717 46,658 152,793 144,076 144,475 145,222
 3 3 3 3 3 3 3 3
Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36

493,202 494,097 494,886 495,571 496,465 497,150 498,044 498,728

445,678 446,564 447,345 448,023 448,908 449,586 450,471 451,149

295,195 295,195 302,995 302,995 302,995 302,995 302,995 302,995

150,483 151,369 144,350 145,028 145,913 146,591 147,476 148,154

4,861 5,000 5,417 5,556 5,972 6,111 6,528 6,667
- - - - - - - -
145,622 146,369 138,933 139,472 139,941 140,480 140,949 141,487
50,968 51,229 48,627 48,815 48,979 49,168 49,332 49,521
94,654 95,140 90,307 90,657 90,962 91,312 91,617 91,967

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00

150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
7,895 7,895 7,895 7,895 7,895 7,895 7,895 7,895

127,579 135,474 143,368 151,263 159,158 167,053 174,947 182,842

7,895 7,895 7,895 7,895 7,895 7,895 7,895 7,895
135,474 143,368 151,263 159,158 167,053 174,947 182,842 190,737
27,095 28,674 30,253 31,832 33,411 34,989 36,568 38,147

7,894 7,894 7,894 7,894 7,894 7,894 7,894 7,894

- - - - - - - -
79 79 79 79 79 79 79 79
31 32 32 31 32 31 32 31
31 32 32 31 32 31 32 31
2,709 2,867 3,025 3,183 3,341 3,499 3,657 3,815
- - - - - - - -
- - - - - - - -
- - - - - - - -
473,245 473,245 473,245 473,245 473,245 473,245 473,245 473,245
- - - - - - - -
3,156 3,156 3,156 3,156 3,156 3,156 3,156 3,156
2,478 2,558 2,558 2,478 2,558 2,478 2,558 2,478
775 800 800 775 800 775 800 775
13,547 14,337 15,126 15,916 16,705 17,495 18,284 19,074
- - - - - - - -
- - - - - - - -
- - - - - - - -
493,202 494,097 494,886 495,571 496,465 497,150 498,044 498,728
62 63 63 63 63 63 63 63

425,921 425,921 425,921 425,921 425,921 425,921 425,921 425,921

- - - - - - - -
3,124 3,124 3,124 3,124 3,124 3,124 3,124 3,124
2,454 2,533 2,533 2,454 2,533 2,454 2,533 2,454
767 792 792 767 792 767 792 767
13,412 14,193 14,975 15,757 16,538 17,320 18,101 18,883
- - - - - - - -
- - - - - - - -
- - - - - - - -
445,678 446,564 447,345 448,023 448,908 449,586 450,471 451,149
56.45 56.56 56.66 56.75 56.86 56.95 57.06 57.15

3 3 4 4 4 4 4 4
3 3 4 4 4 4 4 4
- - - - - - - -

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583

- - - - - - - -
- - - - - - - -
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
- - - - - - - -
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
- - - - - - - -
8,750 8,750 11,667 11,667 11,667 11,667 11,667 11,667
11,250 11,250 15,000 15,000 15,000 15,000 15,000 15,000
- - - - - - - -
14,308 14,308 15,442 15,442 15,442 15,442 15,442 15,442
98,475 98,475 106,275 106,275 106,275 106,275 106,275 106,275

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500
196,720 196,720 196,720 196,720 196,720 196,720 196,720 196,720

295,195 295,195 302,995 302,995 302,995 302,995 302,995 302,995

37.39 37.39 38.38 38.38 38.38 38.38 38.38 38.38
150,483 151,369 144,350 145,028 145,913 146,591 147,476 148,154
4,861 5,000 5,417 5,556 5,972 6,111 6,528 6,667
- - - - - - - -
145,622 146,369 138,933 139,472 139,941 140,480 140,949 141,487
 4 4 4 4 4 4 4 4 4
Month 37 Month 38 Month 39 Month 40 Month 41 Month 42 Month 43 Month 44 Month 45

712,193 663,545 664,638 665,651 666,703 667,756 668,848 669,861 670,914

648,278 600,117 601,198 602,201 603,243 604,285 605,367 606,369 607,412

412,470 412,470 412,470 412,470 412,470 420,270 420,270 420,270 420,270

235,808 187,647 188,728 189,731 190,773 184,015 185,097 186,099 187,142

7,292 7,431 8,056 8,194 8,819 9,097 9,722 10,000 10,625
- - - - - - - - -
228,516 180,216 180,673 181,537 181,954 174,918 175,375 176,099 176,517
79,981 63,076 63,236 63,538 63,684 61,221 61,381 61,635 61,781
148,535 117,141 117,437 117,999 118,270 113,697 113,994 114,465 114,736

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00

200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526

190,737 201,263 211,789 222,316 232,842 243,368 253,895 264,421 274,947

10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526
201,263 211,789 222,316 232,842 243,368 253,895 264,421 274,947 285,474
40,253 42,358 44,463 46,568 48,674 50,779 52,884 54,989 57,095

10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526

- - - - - - - - -
105 105 106 105 105 105 106 105 105
43 42 42 42 42 42 42 42 42
43 42 42 42 42 42 42 42 42
4,025 4,236 4,446 4,657 4,867 5,078 5,288 5,499 5,709
805 42 42 42 42 42 42 42 42
- - - - - - - - -
- - - - - - - - -
631,034 631,034 631,034 631,034 631,034 631,034 631,034 631,034 631,034
- - - - - - - - -
4,195 4,195 4,235 4,195 4,195 4,195 4,235 4,195 4,195
3,438 3,358 3,358 3,358 3,358 3,358 3,358 3,358 3,358
1,075 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050
20,126 21,179 22,232 23,284 24,337 25,389 26,442 27,495 28,547
52,325 2,730 2,730 2,730 2,730 2,730 2,730 2,730 2,730
- - - - - - - - -
- - - - - - - - -
712,193 663,545 664,638 665,651 666,703 667,756 668,848 669,861 670,914
68 63 63 63 63 63 64 64 64

567,930 567,930 567,930 567,930 567,930 567,930 567,930 567,930 567,930

- - - - - - - - -
4,153 4,153 4,192 4,153 4,153 4,153 4,192 4,153 4,153
3,403 3,324 3,324 3,324 3,324 3,324 3,324 3,324 3,324
1,064 1,040 1,040 1,040 1,040 1,040 1,040 1,040 1,040
19,925 20,967 22,009 23,051 24,093 25,136 26,178 27,220 28,262
51,802 2,703 2,703 2,703 2,703 2,703 2,703 2,703 2,703
- - - - - - - - -
- - - - - - - - -
648,278 600,117 601,198 602,201 603,243 604,285 605,367 606,369 607,412
61.59 57.01 57.11 57.21 57.31 57.41 57.51 57.61 57.70

5 5 5 5 5 6 6 6 6
5 5 5 5 5 6 6 6 6
1 1 1 1 1 1 1 1 1

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583
14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
14,583 14,583 14,583 14,583 14,583 17,500 17,500 17,500 17,500
18,750 18,750 18,750 18,750 18,750 22,500 22,500 22,500 22,500
4,583 4,583 4,583 4,583 4,583 4,583 4,583 4,583 4,583
24,083 24,083 24,083 24,083 24,083 25,217 25,217 25,217 25,217
165,750 165,750 165,750 165,750 165,750 173,550 173,550 173,550 173,550

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
 250 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500 500
246,720 246,720 246,720 246,720 246,720 246,720 246,720 246,720 246,720

412,470 412,470 412,470 412,470 412,470 420,270 420,270 420,270 420,270

39.18 39.18 39.18 39.18 39.18 39.93 39.93 39.93 39.93
235,808 187,647 188,728 189,731 190,773 184,015 185,097 186,099 187,142
7,292 7,431 8,056 8,194 8,819 9,097 9,722 10,000 10,625
- - - - - - - - -
228,516 180,216 180,673 181,537 181,954 174,918 175,375 176,099 176,517
 4 4 4 5 5 5 5 5 5 5
Month 46 Month 47 Month 48 Month 49 Month 50 Month 51 Month 52 Month 53 Month 54 Month 55

672,176 673,019 674,072 835,894 837,340 838,696 839,801 841,327 842,643 843,749
608,661 609,496 610,538 756,546 757,978 759,320 760,415 761,925 763,228 764,323

420,270 428,070 428,070 478,070 478,070 485,870 485,870 485,870 485,870 493,670

188,391 181,426 182,468 278,476 279,908 273,450 274,545 276,055 277,358 270,653
10,903 11,667 11,944 12,708 12,986 13,889 14,167 15,069 15,347 16,389
- - - - - - - - - -
177,489 169,759 170,523 265,768 266,922 259,561 260,378 260,986 262,011 254,264
62,121 59,416 59,683 93,019 93,423 90,846 91,132 91,345 91,704 88,992
115,368 110,343 110,840 172,749 173,499 168,715 169,246 169,641 170,307 165,271

19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00 19.00
200,000 200,000 200,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
10,526 10,526 10,526 13,158 13,158 13,158 13,158 13,158 13,158 13,158

285,474 296,000 306,526 317,053 330,211 343,368 356,526 369,684 382,842 396,000
10,526 10,526 10,526 13,158 13,158 13,158 13,158 13,158 13,158 13,158
296,000 306,526 317,053 330,211 343,368 356,526 369,684 382,842 396,000 409,158
59,200 61,305 63,411 66,042 68,674 71,305 73,937 76,568 79,200 81,832

10,526 10,526 10,526 13,157 13,157 13,157 13,157 13,157 13,157 13,157
- - - - - - - - - -
106 105 105 132 131 132 131 132 132 131
43 42 42 52 53 53 52 53 53 52
43 42 42 52 53 53 52 53 53 52
5,920 6,131 6,341 6,604 6,867 7,131 7,394 7,657 7,920 8,183
43 42 42 52 53 53 52 53 53 52
- - - - - - - - - -
- - - - - - - - - -
631,034 631,034 631,034 788,762 788,762 788,762 788,762 788,762 788,762 788,762
- - - - - - - - - -
4,235 4,195 4,195 5,273 5,233 5,273 5,233 5,273 5,273 5,233
3,438 3,358 3,358 4,157 4,237 4,237 4,157 4,237 4,237 4,157
1,075 1,050 1,050 1,300 1,325 1,325 1,300 1,325 1,325 1,300
29,600 30,653 31,705 33,021 34,337 35,653 36,968 38,284 39,600 40,916
2,795 2,730 2,730 3,380 3,445 3,445 3,380 3,445 3,445 3,380
- - - - - - - - - -
- - - - - - - - - -
672,176 673,019 674,072 835,894 837,340 838,696 ### ### ### ###
64 64 64 64 64 64 64 64 64 64

567,930 567,930 567,930 709,886 709,886 709,886 709,886 709,886 709,886 709,886
- - - - - - - - - -
4,192 4,153 4,153 5,221 5,181 5,221 5,181 5,221 5,221 5,181
3,403 3,324 3,324 4,116 4,195 4,195 4,116 4,195 4,195 4,116
1,064 1,040 1,040 1,287 1,312 1,312 1,287 1,312 1,312 1,287
29,304 30,346 31,388 32,691 33,993 35,296 36,599 37,901 39,204 40,507
2,767 2,703 2,703 3,346 3,411 3,411 3,346 3,411 3,411 3,346
- - - - - - - - - -
- - - - - - - - - -
608,661 609,496 610,538 756,546 757,978 759,320 ### ### ### ###
57.82 57.90 58.00 57.50 57.61 57.71 57.79 57.91 58.01 58.09

6 7 7 7 7 8 8 8 8 9
6 7 7 7 7 8 8 8 8 9
1 1 1 1 1 1 1 1 1 1

14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583
14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583
14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583 14,583
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667
5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417 5,417
7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917 2,917
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
17,500 20,417 20,417 20,417 20,417 23,333 23,333 23,333 23,333 26,250
22,500 26,250 26,250 26,250 26,250 30,000 30,000 30,000 30,000 33,750
4,583 4,583 4,583 4,583 4,583 4,583 4,583 4,583 4,583 4,583
25,217 26,350 26,350 26,350 26,350 27,483 27,483 27,483 27,483 28,617
173,550 181,350 181,350 181,350 181,350 189,150 189,150 189,150 189,150 196,950

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
200,000 200,000 200,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
 250 250 250 250 250 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
720 720 720 720 720 720 720 720 720 720
7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500 500 500
350 350 350 350 350 350 350 350 350 350
500 500 500 500 500 500 500 500 500 500
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
150 150 150 150 150 150 150 150 150 150
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
250 250 250 250 250 250 250 250 250 250
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
500 500 500 500 500 500 500 500 500 500
246,720 246,720 246,720 296,720 296,720 296,720 296,720 296,720 296,720 296,720

420,270 428,070 428,070 478,070 478,070 485,870 485,870 485,870 485,870 493,670
39.93 40.67 40.67 36.33 36.33 36.93 36.93 36.93 36.93 37.52
188,391 181,426 182,468 278,476 279,908 273,450 274,545 276,055 277,358 270,653
10,903 11,667 11,944 12,708 12,986 13,889 14,167 15,069 15,347 16,389
- - - - - - - - - -
177,489 169,759 170,523 265,768 266,922 259,561 260,378 260,986 262,011 254,264
 5 5 5 5 5
Month 56 Month 57 Month 58 Month 59 Month 60

845,274 846,380 847,906 849,182 850,368

765,833 766,928 768,438 769,701 770,875

493,670 493,670 493,670 506,833 506,833

272,163 273,258 274,768 262,869 264,043

16,667 17,708 17,986 19,236 19,514
- - - - -
255,496 255,550 256,782 243,633 244,529
89,424 89,442 89,874 85,272 85,585
166,073 166,107 166,908 158,361 158,944

19.00 19.00 19.00 19.00 19.00

250,000 250,000 250,000 250,000 250,000
13,158 13,158 13,158 13,158 13,158

409,158 422,316 435,474 448,632 461,789

13,158 13,158 13,158 13,158 13,158
422,316 435,474 448,632 461,789 474,947
84,463 87,095 89,726 92,358 94,989

13,157 13,157 13,157 13,157 13,157

- - - - -
132 131 132 131 132
53 52 53 53 52
53 52 53 53 52
8,446 8,709 8,973 9,236 9,499
53 52 53 53 52
- - - - -
- - - - -
788,762 788,762 788,762 788,762 788,762
- - - - -
5,273 5,233 5,273 5,233 5,273
4,237 4,157 4,237 4,237 4,157
1,325 1,300 1,325 1,325 1,300
42,232 43,547 44,863 46,179 47,495
3,445 3,380 3,445 3,445 3,380
- - - - -
- - - - -
### ### ### ### ###
64 64 64 65 65

709,886 709,886 709,886 709,886 709,886

- - - - -
5,221 5,181 5,221 5,181 5,221
4,195 4,116 4,195 4,195 4,116
1,312 1,287 1,312 1,312 1,287
41,809 43,112 44,415 45,717 47,020
3,411 3,346 3,411 3,411 3,346
- - - - -
- - - - -
### ### ### ### ###
58.20 58.29 58.40 58.50 58.59

9 9 9 10 10
9 9 9 10 10
1 1 1 2 2

14,583 14,583 14,583 14,583 14,583

14,583 14,583 14,583 14,583 14,583
14,583 14,583 14,583 14,583 14,583
10,000 10,000 10,000 10,000 10,000
3,333 3,333 3,333 3,333 3,333
2,917 2,917 2,917 2,917 2,917
10,000 10,000 10,000 10,000 10,000
6,667 6,667 6,667 6,667 6,667
6,667 6,667 6,667 6,667 6,667
5,417 5,417 5,417 5,417 5,417
7,083 7,083 7,083 7,083 7,083
2,917 2,917 2,917 2,917 2,917
5,000 5,000 5,000 5,000 5,000
26,250 26,250 26,250 29,167 29,167
33,750 33,750 33,750 37,500 37,500
4,583 4,583 4,583 9,167 9,167
28,617 28,617 28,617 30,529 30,529
196,950 196,950 196,950 210,113 210,113

5,000 5,000 5,000 5,000 5,000

250,000 250,000 250,000 250,000 250,000
 250 250 250 250 250
2,500 2,500 2,500 2,500 2,500
1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000
720 720 720 720 720
7,500 7,500 7,500 7,500 7,500
5,000 5,000 5,000 5,000 5,000
5,000 5,000 5,000 5,000 5,000
500 500 500 500 500
350 350 350 350 350
500 500 500 500 500
5,000 5,000 5,000 5,000 5,000
150 150 150 150 150
5,000 5,000 5,000 5,000 5,000
1,500 1,500 1,500 1,500 1,500
250 250 250 250 250
5,000 5,000 5,000 5,000 5,000
500 500 500 500 500
296,720 296,720 296,720 296,720 296,720

493,670 493,670 493,670 506,833 506,833

37.52 37.52 37.52 38.52 38.52
272,163 273,258 274,768 262,869 264,043
16,667 17,708 17,986 19,236 19,514
- - - - -
255,496 255,550 256,782 243,633 244,529
Ballerina Tech THIS COMPANY AND THE MODEL ARE TOTAL
Balance Sheet
Detail Row 55

YTD Month 1 Month 2 Month 3 Month 4 Month 5

Balance Sheet
Assets
Current Assets
Cash 2,646,308 2,555,098 2,473,782 2,412,358 2,360,807
Accounts Receivable 12,699 25,399 38,118 50,817 63,517
Inventory - - - - -
Prepaid Expenses - - - - -
Total Current Assets 2,659,008 2,580,497 2,511,900 2,463,175 2,424,324

Property, Plant & Equipment

Property
Plant & Equipment 55,000 55,000 60,000 60,000 65,000
Accumulated Depreciation 1,528 3,056 4,722 6,389 8,194
Net PP&E 53,472 51,944 55,278 53,611 56,806

Other Assets 250,000 250,000 250,000 250,000 250,000

Total Assets 2,962,480 2,882,441 2,817,177 2,766,786 2,731,130

Liabilities & Shareholders Equity

Current Liabilities
Line of Credit
CPLTD
Accounts Payable 2,525 5,051 7,577 10,102 12,628
Accrued Expenses 61,391 65,391 69,391 73,391 77,391
Income Taxes Payable - - - - -
Total Current Liabilities 63,917 70,442 76,968 83,494 90,019

Long Term Liabilities

Long Term Debt - - - - -
Due to Shareholders - - - - -
Total Long Term Liabilities - - - - -
Total Liabilities 63,917 70,442 76,968 83,494 90,019

Stockholders' Equity / (Deficit):

Common Stock 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
Preferred Series A - - - - -
Retained Earnings/(Deficit) - (101,437) (188,001) (259,791) (316,707)
Net Income / (Loss) (101,437) (86,564) (71,790) (56,917) (42,182)
Total Stockholders' Equity / (Deficit) 2,898,563 2,811,999 2,740,209 2,683,293 2,641,111

Total Liabilities and Stockholders' Equity / (Deficit) 2,962,480 2,882,441 2,817,177 2,766,786 2,731,130

Check Total - - - - -
Working Capital 2,595,091 2,510,055 2,434,932 2,379,682 2,334,305
Current Ratio 41.60 36.63 32.64 29.50 26.93

AR 15 12,699 25,399 38,118 50,817 63,517

AP 30 2,525 5,051 7,577 10,102 12,628
AE 15 61,391 65,391 69,391 73,391 77,391

CAPEX
Opening - 55,000 55,000 60,000 60,000
Additions 55,000 - 5,000 - 5,000
Writedoffs - - - - -
Closing 55,000 55,000 60,000 60,000 65,000

Depreciation 36 1,528 1,528 1,667 1,667 1,806

Accumulated Depreciation 1,528 3,056 4,722 6,389 8,194
Net Book Balance 53,472 51,944 55,278 53,611 56,806

Capex Additions 2500 5,000 - 5,000 - 5,000

E MODEL ARE TOTALLY FICTIOUS

Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Month 13 Month 14 Month 15 Month 16

2,329,130 2,299,920 2,283,196 2,276,366 2,289,409 2,312,325 2,355,134 2,409,578 2,472,818 2,525,927 2,575,136
76,216 88,916 101,635 114,334 127,034 139,733 152,452 164,893 159,637 159,657 159,637
- - - - - - - - - - -
- - - - - - - - - - -
2,405,346 2,388,835 2,384,831 2,390,700 2,416,442 2,452,058 2,507,586 2,574,471 2,632,455 2,685,584 2,734,772

65,000 70,000 70,000 75,000 75,000 80,000 80,000 85,000 85,000 90,000 95,000
10,000 11,944 13,889 15,972 18,056 20,278 22,500 24,861 27,222 29,722 32,361
55,000 58,056 56,111 59,028 56,944 59,722 57,500 60,139 57,778 60,278 62,639

250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000

2,710,346 2,696,891 2,690,942 2,699,728 2,723,387 2,761,780 2,815,086 2,884,610 2,940,233 2,995,861 3,047,411

15,153 17,679 20,205 22,730 25,256 27,781 30,307 31,694 31,589 31,590 31,589
81,391 92,798 96,798 100,798 104,798 108,798 112,798 114,798 114,798 114,798 118,698
- - - - - - - - - - -
96,545 110,476 117,002 123,528 130,053 136,579 143,105 146,492 146,387 146,387 150,287

- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
96,545 110,476 117,002 123,528 130,053 136,579 143,105 146,492 146,387 146,387 150,287

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
- - - - - - - - - - -
(358,889) (386,198) (413,585) (426,060) (423,800) (406,666) (374,799) (328,018) (261,882) (206,154) (150,526)
(27,309) (27,387) (12,474) 2,260 17,133 31,868 46,781 66,136 55,728 55,629 47,650
2,613,802 2,586,415 2,573,940 2,576,200 2,593,334 2,625,201 2,671,982 2,738,118 2,793,846 2,849,474 2,897,124

2,710,346 2,696,891 2,690,942 2,699,728 2,723,387 2,761,780 2,815,086 2,884,610 2,940,233 2,995,861 3,047,411

- - - - - - - - - - -
2,308,802 2,278,359 2,267,829 2,267,173 2,286,389 2,315,479 2,364,482 2,427,979 2,486,068 2,539,197 2,584,485
 24.91 21.62 20.38 19.35 18.58 17.95 17.52 17.57 17.98 18.35 18.20

76,216 88,916 101,635 114,334 127,034 139,733 152,452 164,893 159,637 159,657 159,637
15,153 17,679 20,205 22,730 25,256 27,781 30,307 31,694 31,589 31,590 31,589
81,391 92,798 96,798 100,798 104,798 108,798 112,798 114,798 114,798 114,798 118,698

65,000 65,000 70,000 70,000 75,000 75,000 80,000 80,000 85,000 85,000 90,000
- 5,000 - 5,000 - 5,000 - 5,000 - 5,000 5,000
- - - - - - - - - - -
65,000 70,000 70,000 75,000 75,000 80,000 80,000 85,000 85,000 90,000 95,000

1,806 1,944 1,944 2,083 2,083 2,222 2,222 2,361 2,361 2,500 2,639
10,000 11,944 13,889 15,972 18,056 20,278 22,500 24,861 27,222 29,722 32,361
55,000 58,056 56,111 59,028 56,944 59,722 57,500 60,139 57,778 60,278 62,639

- 5,000 - 5,000 - 5,000 - 5,000 - 5,000 5,000

Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Month 25 Month 26

2,620,445 2,665,773 2,694,550 2,723,362 2,752,242 2,781,165 2,810,123 2,839,161 2,887,296 2,984,358
159,657 159,657 159,637 159,657 159,657 159,637 159,657 159,697 249,802 245,469
- - - - - - - - - -
- - - - - - - - - -
2,780,101 2,825,430 2,854,186 2,883,018 2,911,899 2,940,801 2,969,779 2,998,857 3,137,099 3,229,828

100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 145,000 150,000
35,139 38,056 41,111 44,306 47,639 51,111 54,722 58,472 62,500 66,667
64,861 66,944 68,889 70,694 72,361 73,889 75,278 76,528 82,500 83,333

250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000

3,094,962 3,142,374 3,173,075 3,203,713 3,234,260 3,264,690 3,295,057 3,325,385 3,469,599 3,563,161

31,590 31,590 31,589 31,590 31,590 31,589 31,590 31,590 47,588 47,501
118,698 118,698 118,698 118,698 118,698 118,698 118,698 118,698 147,598 147,598
- - - - - - - - - -
150,287 150,287 150,287 150,287 150,287 150,287 150,287 150,288 195,186 195,099

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
150,287 150,287 150,287 150,287 150,287 150,287 150,287 150,288 195,186 195,099

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
- - - - - - - - - -
(102,876) (55,325) (7,913) 22,789 53,426 83,973 114,404 144,770 175,097 274,413
47,551 47,412 30,702 30,637 30,547 30,431 30,366 30,327 99,316 93,649
2,944,675 2,992,087 3,022,789 3,053,426 3,083,973 3,114,404 3,144,770 3,175,097 3,274,413 3,368,062

3,094,962 3,142,374 3,173,075 3,203,713 3,234,260 3,264,690 3,295,057 3,325,385 3,469,599 3,563,161

- - - - - - - - - -
2,629,814 2,675,142 2,703,900 2,732,731 2,761,612 2,790,515 2,819,492 2,848,570 2,941,913 3,034,729
 18.50 18.80 18.99 19.18 19.38 19.57 19.76 19.95 16.07 16.55

159,657 159,657 159,637 159,657 159,657 159,637 159,657 159,697 249,802 245,469
31,590 31,590 31,589 31,590 31,590 31,589 31,590 31,590 47,588 47,501
118,698 118,698 118,698 118,698 118,698 118,698 118,698 118,698 147,598 147,598

95,000 100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 145,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 10,000 5,000
- - - - - - - - - -
100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 145,000 150,000

2,778 2,917 3,056 3,194 3,333 3,472 3,611 3,750 4,028 4,167
35,139 38,056 41,111 44,306 47,639 51,111 54,722 58,472 62,500 66,667
64,861 66,944 68,889 70,694 72,361 73,889 75,278 76,528 82,500 83,333

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 10,000 5,000
Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36

3,072,376 3,165,916 3,255,096 3,349,797 3,434,034 3,524,911 3,606,406 3,698,494 3,781,200 3,874,498
245,812 246,259 246,601 247,048 247,443 247,785 248,233 248,575 249,022 249,364
- - - - - - - - - -
- - - - - - - - - -
3,318,188 3,412,175 3,501,697 3,596,845 3,681,477 3,772,696 3,854,639 3,947,069 4,030,222 4,123,863

160,000 165,000 175,000 180,000 195,000 200,000 215,000 220,000 235,000 240,000
71,111 75,694 80,556 85,556 90,972 96,528 102,500 108,611 115,139 121,806
88,889 89,306 94,444 94,444 104,028 103,472 112,500 111,389 119,861 118,194

250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000

3,657,077 3,751,480 3,846,141 3,941,290 4,035,505 4,126,168 4,217,139 4,308,458 4,400,083 4,492,057

47,508 47,517 47,524 47,533 47,541 47,548 47,557 47,564 47,573 47,579
147,598 147,598 147,598 147,598 151,498 151,498 151,498 151,498 151,498 151,498
- - - - - - - - - -
195,106 195,115 195,122 195,131 199,038 199,045 199,054 199,061 199,070 199,077

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
195,106 195,115 195,122 195,131 199,038 199,045 199,054 199,061 199,070 199,077

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
- - - - - - - - - -
368,062 461,971 556,366 651,020 746,159 836,466 927,123 1,018,085 1,109,397 1,201,013
93,909 94,394 94,654 95,140 90,307 90,657 90,962 91,312 91,617 91,967
3,461,971 3,556,366 3,651,020 3,746,159 3,836,466 3,927,123 4,018,085 4,109,397 4,201,013 4,292,980

3,657,077 3,751,480 3,846,141 3,941,290 4,035,505 4,126,168 4,217,139 4,308,458 4,400,083 4,492,057

- - - - - - - - - -
3,123,082 3,217,060 3,306,575 3,401,715 3,482,438 3,573,651 3,655,585 3,748,008 3,831,152 3,924,786
 17.01 17.49 17.95 18.43 18.50 18.95 19.36 19.83 20.25 20.71

245,812 246,259 246,601 247,048 247,443 247,785 248,233 248,575 249,022 249,364
47,508 47,517 47,524 47,533 47,541 47,548 47,557 47,564 47,573 47,579
147,598 147,598 147,598 147,598 151,498 151,498 151,498 151,498 151,498 151,498

150,000 160,000 165,000 175,000 180,000 195,000 200,000 215,000 220,000 235,000
10,000 5,000 10,000 5,000 15,000 5,000 15,000 5,000 15,000 5,000
- - - - - - - - - -
160,000 165,000 175,000 180,000 195,000 200,000 215,000 220,000 235,000 240,000

4,444 4,583 4,861 5,000 5,417 5,556 5,972 6,111 6,528 6,667
71,111 75,694 80,556 85,556 90,972 96,528 102,500 108,611 115,139 121,806
88,889 89,306 94,444 94,444 104,028 103,472 112,500 111,389 119,861 118,194

10,000 5,000 10,000 5,000 15,000 5,000 15,000 5,000 15,000 5,000
Month 37 Month 38 Month 39 Month 40 Month 41 Month 42 Month 43 Month 44 Month 45 Month 46

3,972,166 4,115,575 4,218,032 4,338,729 4,442,803 4,558,981 4,659,661 4,773,630 4,875,975 4,991,627
356,096 331,773 332,319 332,825 333,352 333,878 334,424 334,931 335,457 336,088
- - - - - - - - - -
- - - - - - - - - -
4,328,263 4,447,347 4,550,351 4,671,555 4,776,154 4,892,859 4,994,086 5,108,560 5,211,432 5,327,715

262,500 267,500 290,000 295,000 317,500 327,500 350,000 360,000 382,500 392,500
129,097 136,528 144,583 152,778 161,597 170,694 180,417 190,417 201,042 211,944
133,403 130,972 145,417 142,222 155,903 156,806 169,583 169,583 181,458 180,556

250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000

4,711,665 4,828,320 4,945,768 5,063,777 5,182,057 5,299,664 5,413,669 5,528,144 5,642,890 5,758,270

63,915 63,428 63,439 63,450 63,460 63,471 63,482 63,492 63,502 63,515
206,235 206,235 206,235 206,235 206,235 210,135 210,135 210,135 210,135 210,135
- - - - - - - - - -
270,150 269,663 269,674 269,685 269,695 273,606 273,617 273,627 273,637 273,650

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
270,150 269,663 269,674 269,685 269,695 273,606 273,617 273,627 273,637 273,650

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
- - - - - - - - - -
1,292,980 1,441,516 1,558,656 1,676,093 1,794,092 1,912,362 2,026,059 2,140,052 2,254,517 2,369,253
148,535 117,141 117,437 117,999 118,270 113,697 113,994 114,465 114,736 115,368
4,441,516 4,558,656 4,676,093 4,794,092 4,912,362 5,026,059 5,140,052 5,254,517 5,369,253 5,484,620

4,711,665 4,828,320 4,945,768 5,063,777 5,182,057 5,299,664 5,413,669 5,528,144 5,642,890 5,758,270

- - - - - - - - - -
4,058,113 4,177,684 4,280,677 4,401,870 4,506,459 4,619,253 4,720,469 4,834,934 4,937,794 5,054,065
 16.02 16.49 16.87 17.32 17.71 17.88 18.25 18.67 19.05 19.47

356,096 331,773 332,319 332,825 333,352 333,878 334,424 334,931 335,457 336,088
63,915 63,428 63,439 63,450 63,460 63,471 63,482 63,492 63,502 63,515
206,235 206,235 206,235 206,235 206,235 210,135 210,135 210,135 210,135 210,135

240,000 262,500 267,500 290,000 295,000 317,500 327,500 350,000 360,000 382,500
22,500 5,000 22,500 5,000 22,500 10,000 22,500 10,000 22,500 10,000
- - - - - - - - - -
262,500 267,500 290,000 295,000 317,500 327,500 350,000 360,000 382,500 392,500

7,292 7,431 8,056 8,194 8,819 9,097 9,722 10,000 10,625 10,903
129,097 136,528 144,583 152,778 161,597 170,694 180,417 190,417 201,042 211,944
133,403 130,972 145,417 142,222 155,903 156,806 169,583 169,583 181,458 180,556

22,500 5,000 22,500 5,000 22,500 10,000 22,500 10,000 22,500 10,000
Month 47 Month 48 Month 49 Month 50 Month 51 Month 52 Month 53 Month 54 Month 55

5,089,624 5,201,893 5,319,753 5,495,530 5,648,869 5,821,739 5,973,202 6,148,211 6,295,730

336,509 337,036 417,947 418,670 419,348 419,901 420,664 421,321 421,874
- - - - - - - - -
- - - - - - - - -
5,426,133 5,538,928 5,737,700 5,914,199 6,068,217 6,241,640 6,393,866 6,569,533 6,717,604

420,000 430,000 457,500 467,500 500,000 510,000 542,500 552,500 590,000

223,611 235,556 248,264 261,250 275,139 289,306 304,375 319,722 336,111
196,389 194,444 209,236 206,250 224,861 220,694 238,125 232,778 253,889

250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000

5,872,522 5,983,373 6,196,936 6,370,449 6,543,078 6,712,335 6,881,991 7,052,311 7,221,493

63,523 63,534 79,348 79,362 79,376 79,387 79,402 79,415 79,426

214,035 214,035 239,035 239,035 242,935 242,935 242,935 242,935 246,835
- - - - - - - - -
277,558 277,569 318,383 318,397 322,311 322,322 322,337 322,350 326,261

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
277,558 277,569 318,383 318,397 322,311 322,322 322,337 322,350 326,261

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000

- - - - - - - - -
2,484,620 2,594,964 2,705,804 2,878,553 3,052,052 3,220,767 3,390,013 3,559,654 3,729,961
110,343 110,840 172,749 173,499 168,715 169,246 169,641 170,307 165,271
5,594,964 5,705,804 5,878,553 6,052,052 6,220,767 6,390,013 6,559,654 6,729,961 6,895,232

5,872,522 5,983,373 6,196,936 6,370,449 6,543,078 6,712,335 6,881,991 7,052,311 7,221,493

- - - - - - - - -
5,148,575 5,261,360 5,419,317 5,595,802 5,745,906 5,919,319 6,071,529 6,247,183 6,391,343
 19.55 19.96 18.02 18.57 18.83 19.36 19.84 20.38 20.59

336,509 337,036 417,947 418,670 419,348 419,901 420,664 421,321 421,874

63,523 63,534 79,348 79,362 79,376 79,387 79,402 79,415 79,426
214,035 214,035 239,035 239,035 242,935 242,935 242,935 242,935 246,835

392,500 420,000 430,000 457,500 467,500 500,000 510,000 542,500 552,500

27,500 10,000 27,500 10,000 32,500 10,000 32,500 10,000 37,500
- - - - - - - - -
420,000 430,000 457,500 467,500 500,000 510,000 542,500 552,500 590,000

11,667 11,944 12,708 12,986 13,889 14,167 15,069 15,347 16,389

223,611 235,556 248,264 261,250 275,139 289,306 304,375 319,722 336,111
196,389 194,444 209,236 206,250 224,861 220,694 238,125 232,778 253,889

27,500 10,000 27,500 10,000 32,500 10,000 32,500 10,000 37,500

Month 56 Month 57 Month 58 Month 59 Month 60

6,467,722 6,613,495 6,787,642 6,926,196 7,094,073

422,637 423,190 423,953 424,591 425,184
- - - - -
- - - - -
6,890,359 7,036,686 7,211,595 7,350,787 7,519,257

600,000 637,500 647,500 692,500 702,500

352,778 370,486 388,472 407,708 427,222
247,222 267,014 259,028 284,792 275,278

250,000 250,000 250,000 250,000 250,000

7,387,581 7,553,700 7,720,623 7,885,579 8,044,534

79,441 79,452 79,468 79,480 79,492

246,835 246,835 246,835 253,416 253,416
- - - - -
326,276 326,287 326,303 332,897 332,909

- - - - -
- - - - -
- - - - -
326,276 326,287 326,303 332,897 332,909

3,000,000 3,000,000 3,000,000 3,000,000 3,000,000

- - - - -
3,895,232 4,061,305 4,227,412 4,394,321 4,552,682
166,073 166,107 166,908 158,361 158,944
7,061,305 7,227,412 7,394,321 7,552,682 7,711,626

7,387,581 7,553,700 7,720,623 7,885,579 8,044,534

- - - - -
6,564,083 6,710,398 6,885,293 7,017,890 7,186,348
 21.12 21.57 22.10 22.08 22.59

422,637 423,190 423,953 424,591 425,184

79,441 79,452 79,468 79,480 79,492
246,835 246,835 246,835 253,416 253,416

590,000 600,000 637,500 647,500 692,500

10,000 37,500 10,000 45,000 10,000
- - - - -
600,000 637,500 647,500 692,500 702,500

16,667 17,708 17,986 19,236 19,514

352,778 370,486 388,472 407,708 427,222
247,222 267,014 259,028 284,792 275,278

10,000 37,500 10,000 45,000 10,000

Ballerina Tech THIS COMPANY AND THE MODEL ARE TOTALLY F
Cash Flow

YTD Month 1 Month 2 Month 3 Month 4

Cash Flow

Cash provided by (used in)

Operating activities
Net income (loss) for the period (101,437) (86,564) (71,790) (56,917)
Non-cash transactions
Depreciation 1,528 1,528 1,667 1,667
Amortization - - - -
Non-cash interest accrued - - - -
Sub-total (99,909) (85,036) (70,123) (55,250)
Changes in assets and liabilities
Accounts receivable (12,699) (12,699) (12,719) (12,699)
Inventories - - - -
Prepaid expenses - - - -
Other Assets (250,000) - - -
Accounts payable 2,525 2,525 2,526 2,525
Accrued expenses 61,391 4,000 4,000 4,000
Income taxes payable - - - -
Sub-total (198,783) (6,174) (6,193) (6,174)
Total Operating Activities (298,692) (91,210) (76,317) (61,424)
Investing Activities
Purchase of PPE (55,000) - (5,000) -
Total (55,000) - (5,000.00) -
Financing activities
Line of credit - - - -
Long Term Debt - - - -
Proceeds from stock 3,000,000 - - -
Due to shareholders - - - -
Total 3,000,000 - - -

Increase (decrease) in cash during period 2,646,308 (91,210) (81,317) (61,424)

Cash beginning of period - 2,646,308 2,555,098 2,473,782
Cash end of period 2,646,308 2,555,098 2,473,782 2,412,358
MODEL ARE TOTALLY FICTIOUS

Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Month 13 Month 14

(42,182) (27,309) (27,387) (12,474) 2,260 17,133 31,868 46,781 66,136 55,728

1,806 1,806 1,944 1,944 2,083 2,083 2,222 2,222 2,361 2,361
- - - - - - - - - -
- - - - - - - - - -
(40,377) (25,503) (25,443) (10,530) 4,343 19,217 34,090 49,003 68,497 58,089

(12,699) (12,699) (12,699) (12,719) (12,699) (12,699) (12,699) (12,719) (12,441) 5,257
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
2,525 2,525 2,525 2,526 2,525 2,525 2,525 2,526 1,387 (105)
4,000 4,000 11,406 4,000 4,000 4,000 4,000 4,000 2,000 -
- - - - - - - - - -
(6,174) (6,174) 1,232 (6,193) (6,174) (6,174) (6,174) (6,193) (9,054) 5,152
(46,551) (31,677) (24,210) (16,723) (1,830) 13,043 27,916 42,809 59,444 63,241

(5,000) - (5,000) - (5,000) - (5,000) - (5,000) -

(5,000) - (5,000) - (5,000) - (5,000) - (5,000) -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

(51,551) (31,677) (29,210) (16,723) (6,830) 13,043 22,916 42,809 54,444 63,241
2,412,358 2,360,807 2,329,130 2,299,920 2,283,196 2,276,366 2,289,409 2,312,325 2,355,134 2,409,578
2,360,807 2,329,130 2,299,920 2,283,196 2,276,366 2,289,409 2,312,325 2,355,134 2,409,578 2,472,818
Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24

55,629 47,650 47,551 47,412 30,702 30,637 30,547 30,431 30,366 30,327

2,500 2,639 2,778 2,917 3,056 3,194 3,333 3,472 3,611 3,750
- - - - - - - - - -
- - - - - - - - - -
58,129 50,289 50,329 50,329 33,757 33,832 33,880 33,903 33,977 34,077

(20) 20 (20) - 20 (20) - 20 (20) (40)

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
0 (0) 0 - (0) 0 - (0) 0 1
- 3,900 - - - - - - - -
- - - - - - - - - -
(20) 3,920 (20) - 20 (20) - 20 (20) (39)
58,109 54,209 50,309 50,329 33,777 33,812 33,880 33,923 33,958 34,038

(5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000)
(5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000)

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

53,109 49,209 45,309 45,329 28,777 28,812 28,880 28,923 28,958 29,038
2,472,818 2,525,927 2,575,136 2,620,445 2,665,773 2,694,550 2,723,362 2,752,242 2,781,165 2,810,123
2,525,927 2,575,136 2,620,445 2,665,773 2,694,550 2,723,362 2,752,242 2,781,165 2,810,123 2,839,161
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34

99,316 93,649 93,909 94,394 94,654 95,140 90,307 90,657 90,962 91,312

4,028 4,167 4,444 4,583 4,861 5,000 5,417 5,556 5,972 6,111
- - - - - - - - - -
- - - - - - - - - -
103,344 97,816 98,353 98,978 99,515 100,140 95,723 96,213 96,934 97,423

(90,106) 4,333 (342) (447) (342) (447) (395) (342) (447) (342)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
15,998 (87) 7 9 7 9 8 7 9 7
28,900 - - - - - 3,900 - - -
- - - - - - - - - -
(45,208) 4,246 (335) (438) (335) (438) 3,513 (335) (438) (335)
58,136 102,062 98,018 98,539 99,180 99,701 99,237 95,877 96,496 97,088

(10,000) (5,000) (10,000) (5,000) (10,000) (5,000) (15,000) (5,000) (15,000) (5,000)
(10,000) (5,000) (10,000) (5,000) (10,000) (5,000) (15,000) (5,000) (15,000) (5,000)

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

48,136 97,062 88,018 93,539 89,180 94,701 84,237 90,877 81,496 92,088
2,839,161 2,887,296 2,984,358 3,072,376 3,165,916 3,255,096 3,349,797 3,434,034 3,524,911 3,606,406
2,887,296 2,984,358 3,072,376 3,165,916 3,255,096 3,349,797 3,434,034 3,524,911 3,606,406 3,698,494
Month 35 Month 36 Month 37 Month 38 Month 39 Month 40 Month 41 Month 42 Month 43 Month 44

91,617 91,967 148,535 117,141 117,437 117,999 118,270 113,697 113,994 114,465

6,528 6,667 7,292 7,431 8,056 8,194 8,819 9,097 9,722 10,000
- - - - - - - - - -
- - - - - - - - - -
98,144 98,634 155,827 124,571 125,493 126,193 127,089 122,794 123,716 124,465

(447) (342) (106,732) 24,324 (546) (506) (526) (526) (546) (506)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
9 7 16,336 (486) 11 10 11 11 11 10
- - 54,738 - - - - 3,900 - -
- - - - - - - - - -
(438) (335) (35,659) 23,837 (535) (496) (516) 3,384 (535) (496)
97,706 98,298 120,168 148,408 124,958 125,697 126,574 126,178 123,180 123,968

(15,000) (5,000) (22,500) (5,000) (22,500) (5,000) (22,500) (10,000) (22,500) (10,000)
(15,000) (5,000) (22,500) (5,000) (22,500) (5,000) (22,500) (10,000) (22,500) (10,000)

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

82,706 93,298 97,668 143,408 102,458 120,697 104,074 116,178 100,680 113,968
3,698,494 3,781,200 3,874,498 3,972,166 4,115,575 4,218,032 4,338,729 4,442,803 4,558,981 4,659,661
3,781,200 3,874,498 3,972,166 4,115,575 4,218,032 4,338,729 4,442,803 4,558,981 4,659,661 4,773,630
Month 45 Month 46 Month 47 Month 48 Month 49 Month 50 Month 51 Month 52 Month 53 Month 54

114,736 115,368 110,343 110,840 172,749 173,499 168,715 169,246 169,641 170,307

10,625 10,903 11,667 11,944 12,708 12,986 13,889 14,167 15,069 15,347
- - - - - - - - - -
- - - - - - - - - -
125,361 126,270 122,010 122,785 185,458 186,485 182,604 183,412 184,710 185,654

(526) (631) (421) (526) (80,911) (723) (678) (553) (763) (658)
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
11 13 8 11 15,814 14 14 11 15 13
- - 3,900 - 25,000 - 3,900 - - -
- - - - - - - - - -
(516) (619) 3,487 (516) (40,097) (708) 3,236 (542) (748) (645)
124,845 125,652 125,497 122,269 145,360 185,777 185,839 182,871 183,963 185,009

(22,500) (10,000) (27,500) (10,000) (27,500) (10,000) (32,500) (10,000) (32,500) (10,000)
(22,500) (10,000) (27,500) (10,000) (27,500) (10,000) (32,500) (10,000) (32,500) (10,000)

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -

102,345 115,652 97,997 112,269 117,860 175,777 153,339 172,871 151,463 175,009
4,773,630 4,875,975 4,991,627 5,089,624 5,201,893 5,319,753 5,495,530 5,648,869 5,821,739 5,973,202
4,875,975 4,991,627 5,089,624 5,201,893 5,319,753 5,495,530 5,648,869 5,821,739 5,973,202 6,148,211
Month 55 Month 56 Month 57 Month 58 Month 59 Month 60

165,271 166,073 166,107 166,908 158,361 158,944 - - - -

16,389 16,667 17,708 17,986 19,236 19,514 #REF! #REF! #REF! #REF!
- - - - - - - - - -
- - - - - - - - - -
181,660 182,739 183,816 184,895 177,597 178,458 #REF! #REF! #REF! #REF!

(553) (763) (553) (763) (638) (593) 425,184 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - 250,000 - - -
11 15 11 15 13 12 (79,492) - - -
3,900 - - - 6,581 - (253,416) - - -
- - - - - - - - - -
3,358 (748) (542) (748) 5,956 (581) 342,275 - - -
185,018 181,992 183,274 184,147 183,554 177,877 #REF! #REF! #REF! #REF!

(37,500) (10,000) (37,500) (10,000) (45,000) (10,000) - - - -

(37,500) (10,000) (37,500) (10,000) (45,000) (10,000) - - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - (3,000,000) - - -
- - - - - - - - - -
- - - - - - (3,000,000) - - -

147,518 171,992 145,774 174,147 138,554 167,877 #REF! #REF! #REF! #REF!
6,148,211 6,295,730 6,467,722 6,613,495 6,787,642 6,926,196 7,094,073 #REF! #REF! #REF!
6,295,730 6,467,722 6,613,495 6,787,642 6,926,196 7,094,073 #REF! #REF! #REF! #REF!
 - -

#REF! #REF!
- -
- -
#REF! #REF!

- -
- -
- -
- -
- -
- -
- -
- -
#REF! #REF!

- -
- -

- -
- -
- -
- -
- -

#REF! #REF!
#REF! #REF!
#REF! #REF!