EX-99.1 6 genius_8k-ex9901.htm 2014-2017 FORECAST

EXHIBIT 99.1

 

 

 

  2014 2015 2016 2017
Total Revenue    11,596,480    19,623,001     25,431,995    43,953,893
         
Net Income (Loss) from Operations      2,840,233      9,613,071     17,581,159    34,602,118
         
Net Income (Loss)      2,827,393      9,610,126     17,578,214    34,599,174
         
Increase in Marketing over previous year          374,608          673,765           451,335            98,569
Increase in Revenue over previous year                       -      8,026,521        5,808,994    18,521,898
         
Increase (decrease) in Admin over previous year                       -          325,958              85,536          162,016
         
Cash Balance 3/31/2014  $  1,000,000      
Receivables  $  2,676,189      

 

 

 

Our product development cycle is approximately 2 years resulting in losses in years before product is delivered to market, but rapid revenue accleration as product is delivered to market and licensed to broadcasters and content users, consumer product licensees and retailers. Initial rollout of content is now occurring and we expect positive cash flow by Q4  2014. Though we have only included forecast through 2017, revenues and earnings will continue to accelerate beyond 2017, as new brands are brought to market and are aggregated with exisiting brands.

 

1
 

 

 

 

ANNUAL FORECAST

YEARS OF 2014 - 2016

 

    Forecast Forecast Forecast Forecast
Revenue   2014 2015 2016 2017
Domestic Revenue:        
  CDs                           560,000                           616,000                           677,600                        1,016,400
  DVDs                        1,292,000                        1,671,200                        1,731,820                        3,047,730
  Television                        1,275,000                        2,933,750                        3,141,250                        5,108,750
  Music Publishing                              50,000                           250,000                           250,000                           250,000
  Consumer Products                        2,011,008                        4,553,167                        6,299,033                     10,393,883
  Digital                        1,500,000                        2,700,000                        3,950,000                        5,925,000
Total Domestic Revenue                        6,688,008                     12,724,117                     16,049,703                     25,741,763
           
Foreign Revenue:        
  Filmed Entertainment                        2,616,736                        4,556,674                        4,216,146                     10,802,425
  Licensing- Foreign                        2,291,736                        2,342,210                        5,166,146                        7,409,705
   Total Foreign Revenue                        4,908,472                        6,898,884                        9,382,292                     18,212,130
           
Total Revenue                     11,596,480                     19,623,001                     25,431,995                     43,953,893
           
Cost of Sales        
  Product Sales                        2,018,106                        2,018,106                        2,018,106                        2,018,106
  Production Costs                        2,815,965                        2,975,524                           159,559                        1,314,912
  Digital                              93,732                           120,000                           170,000                           255,000
Total Cost of Sales                        4,927,802                        5,113,630                        2,347,665                        3,588,018
           
Gross Profit                        6,668,678                     14,509,371                     23,084,329                     40,365,875
           
           
Operating Costs        
  Marketing & Sales                           846,286                        1,520,051                        1,971,386                        2,069,955
  General & Administrative                        2,828,835                        3,154,793                        3,240,329                        3,402,345
Total Operating Costs                        3,675,121                        4,674,844                        5,211,715                        5,472,301
           
Net Income from Operations (excluding Depreciation & Amortization)                        2,993,557                        9,834,527                     17,872,615                     34,893,574
           
Other Income        
  Interest                                    340                                    350                                    350                                    350
  Other                                         -                                         -                                         -                                        1
Total Other Income                                    340                                    350                                    350                                    351
           
Depreciation & Amortization                           153,324                           221,456                           291,456                           291,456
           
Other Expenses        
  Interest Expense                              13,180                                3,295                                3,295                                3,295
  Interest - Debentures (1)                                         -                                         -                                         -                                         -
  Interest - Related Party                                         -                                         -                                         -                                         -
  (Gain) loss on derivative valuation                                         -                                         -                                         -                                         -
  Other Loss (2)                                         -                                         -                                         -                                         -
Total Other Expenses                              13,180                                3,295                                3,295                                3,295
           
Net Income before Taxes (3)                        2,827,393                        9,610,126                     17,578,214                     34,599,174
           
           

 

(1) Includes non-cash amortization of debt discount on debentures

(2) Non-cash conversion rate vs. market price on debentures and debt converted to common stock as part of merger agreement

(3) Excludes any potential merger transaction gain or loss on asset valuation compared to appraised value of shares exchanged

 

2
 

 

 

ANNUAL FORECAST

YEARS OF 2012 - 2016

 

      Forecast Forecast Forecast Forecast
      2014 2015 2016 2017
Revenue            
             
Domestic Revenue Baby Genius        
  CDs   560,000 616,000 677,600 1,016,400
  DVDs   1,142,000 1,256,200 1,381,820 2,072,730
  Television   1,000,000 750,000 1,000,000 1,500,000
  Music Publishing   0 0 0 0
  Consumer Products   1,000,000 2,000,000 3,000,000 4,500,000
       Total Domestic Income 3,702,000 4,622,200 6,059,420 9,089,130
Foreign Revenue Baby Genius   0 0 0 0
  Filmed Entertainment 750,000 750,000 750,000 1,125,000
  Licensing- Foreign   750,000 0 750,000 1,125,000
       Total Foreign Income 1,500,000 750,000 1,500,000 2,250,000
    Total Baby Genius Income 5,202,000 5,372,200 7,559,420 11,339,130
             
Domestic Revenue Wee Worship        
  CDs   0 0 0 0
  DVDs   0 0 0 0
  Television   0 0 0 0
  Music Publishing   0 0 0 0
  Consumer Products   0 100,000 100,000 150,000
       Total Domestic Income 0 100,000 100,000 150,000
Foreign Revenue Wee Worship   0 0 0 0
  Filmed Entertainment 0 50,000 50,000 75,000
  Licensing- Foreign   0 0 0 0
       Total Foreign Income 0 50,000 50,000 75,000
    Total Wee Worship Income 0 150,000 150,000 225,000
             
Domestic Revenue Ready!Play!Learn!        
  CDs   0 0 0 0
  DVDs   0 0 0 0
  Television   0 0 0 0
  Music Publishing   0 0 0 0
  Consumer Products   100,000 100,000 100,000 150,000
       Total Domestic Income 100,000 100,000 100,000 150,000
Foreign Revenue Wee Worship   0 0 0 0
  Filmed Entertainment 0 0 0 0
  Licensing- Foreign   0 0 0 0
       Total Foreign Income 0 0 0 0
    Total Ready!Play!Learn! Income 100,000 100,000 100,000 150,000
             
Domestic Revenue Secret Millionaires Club        
  CDs   0 0 0 0
  DVDs   0 50,000 50,000 175,000
  Television   75,000 100,000 100,000 525,000
  Music Publishing   50,000 50,000 50,000 50,000
  Consumer Products   200,000 643,500 1,037,700 1,556,550
       Total Domestic Income 325,000 843,500 1,237,700 2,306,550
Foreign Revenue Secret Millionaires Club 0 0 0 0
  Filmed Entertainment 525,000 1,342,210 2,554,524 3,193,155
  Licensing- Foreign   200,000 1,342,210 2,554,524 3,193,155
       Total Foreign Income 725,000 2,684,420 5,109,048 6,386,310
    Total SMC Income 1,050,000 3,527,920 6,346,748 8,692,860
             
Domestic Revenue Stan Lee and the Mighty 7        
  CDs   0 0 0 0
  DVDs   150,000 165,000 300,000 800,000
  Television   100,000 83,750 41,250 83,750
  Music Publishing   0 0 0 0
  Consumer Products   113,333 369,667 491,333 1,228,333
       Total Domestic Income 363,333 618,417 832,583 2,112,083
Foreign Revenue Secret Millionaires Club 0 0 0 0
  Filmed Entertainment 819,061 0 861,622 1,005,225
  Licensing- Foreign   819,061 0 861,622 1,137,550
       Total Foreign Income 1,638,122 0 1,723,244 2,142,775
    Total SLAM7 Income 2,001,455 618,417 2,555,827 4,254,858
             
Domestic Revenue Thomas Edison's Secret Lab        
  CDs   0 0 0 0
  DVDs   0 200,000 0 0
  Television   100,000 2,000,000 2,000,000 3,000,000
  Music Publishing   0 200,000 200,000 200,000
  Consumer Products   422,675 1,000,000 1,000,000 1,954,000
       Total Domestic Income 522,675 3,400,000 3,200,000 5,154,000
Foreign Revenue Secret Thomas Edison's Secret Lab 0 0 0 0
  Filmed Entertainment 522,675 2,414,464 0 5,404,045
  Licensing- Foreign   522,675 1,000,000 1,000,000 1,954,000
       Total Foreign Income 1,045,350 3,414,464 1,000,000 7,358,045
    Total Edison Income 1,568,025 6,814,464 4,200,000 12,512,045
             
Domestic Revenue Pascualina          
  CDs   0 0 0 0
  DVDs   0 0 0 0
  Television   0 0 0 0
  Music Publishing   0 0 0 0
  Consumer Products   175,000 340,000 570,000 855,000
       Total Domestic Income 175,000 340,000 570,000 855,000
Foreign Revenue Pascualina   0 0 0 0
  Filmed Entertainment 0 0 0 0
  Licensing- Foreign   0 0 0 0
       Total Foreign Income 175,000 340,000 570,000 855,000
    Total Pascualina Income 175,000 340,000 570,000 855,000
             
             
Revenue Digital          
  Baby Genius Digital & Applications (2) 1,000,000 1,500,000 2,250,000 3,375,000
  Digital Delivery Partners 500,000 1,200,000 1,700,000 2,550,000
Total Digital Revenue   1,500,000 2,700,000 3,950,000 5,925,000
             
Total Revenue   11,596,480 19,623,001 25,431,995 43,953,893
             
Cost of Sales          
  Materials   1,237,680 1,237,680 1,237,680 1,237,680
  Royalties   14,964 14,964 14,964 14,964
  Fulfillment   338,453 338,453 338,453 338,453
  Freight   427,009 427,009 427,009 427,009
    Total Product Cost of Sales 2,018,106 2,018,106 2,018,106 2,018,106
             
  Baby Genius Digital & Applications 93,732 120,000 170,000 255,000
             
    Total Digital & App Costs 93,732 120,000 170,000 255,000
             
Total Cost of Sales   2,111,838 2,138,106 2,188,106 2,273,106
             
Total Production Costs   2,815,965 2,975,524 159,559 1,314,912
             
Gross Profit   6,668,678 14,509,371 23,084,329 40,365,875
Margin     58% 74% 91% 92%
             
Operating Costs          
  Marketing & Sales   846,286 1,520,051 1,971,386 2,069,955
  General & Administrative 2,828,835 3,154,793 3,240,329 3,402,345
Total Operating Costs   3,675,121 4,674,844 5,211,715 5,472,301
             
Net Income from Operations   2,993,557 9,834,527 17,872,615 34,893,574
      45% 68% 77% 86%
             
Other Income          
  Interest   340 350 350 350
  Other   0 0 0 0
Total Other Income   340 350 350 350
             
Depreciation & Amortization   153,324 221,456 291,456 291,456
             
Other Expenses          
  Interest Expense   5,000 5,000 5,000 5,000
  Interest - Debentures (1) 0 0 0 0
  Interest - Related Party 0 0 0 0
  (Gain) loss on derivative valuation 0 0 0 0
  Other   0 0 0 0
Total Other Expenses   5,000 5,000 5,000 5,000
             
Net Income before Taxes   $2,835,573 $9,608,421 $17,576,509 $34,597,468
             
EBITDA     $2,993,557 $9,834,527 $17,872,615 $34,893,574

 

3
 

 

Baby Genius            
             
Income 2014 2015 2016 2017 Total  
US Domestic Revenue            
CDs 560,000 616,000 677,600 1,016,400 2,870,000  
DVDs 1,142,000 1,256,200 1,381,820 2,072,730 5,852,750  
Television 1,000,000 750,000 1,000,000 1,500,000 4,250,000  
Music Publishing 0 0 0 0 0  
Consumer Products 1,000,000 2,000,000 3,000,000 4,500,000 10,500,000  
     Total Domestic Income 3,702,000 4,622,200 6,059,420 9,089,130 23,472,750  
Foreign Revenue            
Filmed Entertainment 750,000 750,000 750,000 1,125,000 3,375,000  
Licensing- Foreign 750,000 0 750,000 1,125,000 2,625,000  
     Total Foreign Income 1,500,000 750,000 1,500,000 2,250,000 6,000,000  
Total Revenue 5,202,000 5,372,200 7,559,420 11,339,130 29,472,750  
             
Production Costs            
Property Development            
Production Staff            
Production costs- Writing, title & clearance            
Animation, Animatics and Storyboards            
Voice Recording            
Post Production            
Music            
Production Contingencies            
Profit partner- Xing Xing            
Total Production Costs            
             
Product Costs            
Materials 1,237,680 1,237,680 1,237,680 1,237,680 4,950,720  
Royalties 14,964 14,964 14,964 14,964 59,856  
Fullfillment 338,453 338,453 338,453 338,453 1,353,812  
Freight 427,009 427,009 427,009 427,009 1,708,036  
Total Product Costs 2,018,106 2,018,106 2,018,106 2,018,106 8,072,424  
             
Total Costs 2,018,106 2,018,106 2,018,106 2,018,106 8,072,424  
             
Notes:            
This Does Not Include BabyGenius.com streaming service, which is detailed elsewhere within this projection

 

4
 

 

Wee Worship          
           
Income 2014 2015 2016 2017 Total
US Domestic Revenue          
CDs 0 0 0 0 0
DVDs 0 0 0 0 0
Television 0 0 0 0 0
Music Publishing 0 0 0 0 0
Consumer Products 0 100,000 100,000 150,000 350,000
     Total Domestic Income 0 100,000 100,000 150,000 350,000
Foreign Revenue          
Filmed Entertainment 0 50,000 50,000 75,000 175,000
Licensing- Foreign 0 0 0 0 0
     Total Foreign Income 0 50,000 50,000 75,000 175,000
Total Revenue 0 150,000 150,000 225,000 525,000
           
Production Costs          
Property Development 0 0 0 0 0
Production Staff 0 0 0 0 0
Production costs- Writing, title & clearance 0 0 0 0 0
Animation, Animatics and Storyboards 0 0 0 0 0
Voice Recording 0 0 0 0 0
Post Production 0 0 0 0 0
Music 0 0 0 0 0
Production Contingencies 0 0 0 0 0
Total Production Costs 0 0 0 0 0
           
Product Costs          
Materials         0
Royalties         0
Fullfillment         0
Freight         0
Total Product Costs 0 0 0 0 0
           
Total Costs 0 0 0 0 0
           
         

 

5
 

 

Ready!Play!Learn!          
           
Income 2014 2015 2016 2017 Total
US Domestic Revenue          
CDs 0 0 0 0 0
DVDs 0 0 0 0 0
Television 0 0 0 0 0
Music Publishing 0 0 0 0 0
Consumer Products 100,000 100,000 100,000 150,000 450,000
     Total Domestic Income 100,000 100,000 100,000 150,000 450,000
Foreign Revenue          
Filmed Entertainment 0 0 0 0 0
Licensing- Foreign 0 0 0 0 0
     Total Foreign Income 0 0 0 0 0
Total Revenue 100,000 100,000 100,000 150,000 450,000
           
Production Costs          
Property Development 100,000 100,000 100,000 150,000 450,000
Production Staff 0 0 0 0 0
Production costs- Writing, title & clearance 0 0 0 0 0
Animation, Animatics and Storyboards 0 0 0 0 0
Voice Recording 0 0 0 0 0
Post Production 0 0 0 0 0
Music 0 0 0 0 0
Production Contingencies 0 0 0 0 0
Total Production Costs 100,000 100,000 100,000 150,000 450,000
           
Product Costs          
Materials          
Royalties          
Fullfillment          
Freight          
Total Product Costs          
           
Total Costs          
           
         

 

6
 

 

SMC              
               
Income 2012 2013 2014 2015 2016 2017 Total
US Domestic Revenue              
CDs     0 0 0 0 0
DVDs     0 50,000 50,000 175,000 275,000
Television     75,000 100,000 100,000 525,000 800,000
Music Publishing     50,000 50,000 50,000 50,000 200,000
Consumer Products     200,000 643,500 1,037,700 1,556,550 3,437,750
     Total Domestic Income 0 0 325,000 843,500 1,237,700 2,306,550 4,712,750
Foreign Revenue              
Filmed Entertainment     525,000 1,342,210 2,554,524 3,193,155 4,421,734
Licensing- Foreign     200,000 1,342,210 2,554,524 3,193,155 4,096,734
     Total Foreign Income 0 0 725,000 2,684,420 5,109,048 6,386,310 8,518,468
Total Revenue 0 0 1,050,000 3,527,920 6,346,748 8,692,860 13,231,218
               
Production Costs              
Property Development     0 0 0 51,146 0
Production Staff     0 0 0 276,202 0
Production costs- Writing, title & clearance     0 0 0 176,918 0
Animation, Animatics and Storyboards     0 0 0 0 0
Voice Recording     0 0 0 229,682 0
Post Production     0 0 0 341,625 0
Music     0 0 0 0 0
Production Contingencies     0 0 0 0 0
Profit partner- Xing Xing (1)     0 0 0 0 0
Total Production Costs 0 0 0 0 0 1,075,573 0
               
Product Costs              
Materials              
Royalties              
Fullfillment              
Freight              
Total Product Costs              
               
Total Costs              
               
Notes:              
(1) Xing Xing Profit Share - Profits and expenses expect to net zero        

 

7
 

 

SLAM 7              
               
Income 2012 2013 2014 2015 2016 2017 Total
US Domestic Revenue              
CDs     0 0 0 0 0
DVDs     150,000 165,000 300,000 800,000 1,415,000
Television     100,000 83,750 41,250 83,750 308,750
Music Publishing     0 0 0 0 0
Consumer Products     113,333 369,667 491,333 1,228,333 2,202,667
     Total Domestic Income 0 0 363,333 618,417 832,583 2,112,083 3,926,417
Foreign Revenue              
Filmed Entertainment     819,061 0 861,622 1,005,225 1,680,682
Licensing- Foreign     819,061 0 861,622 1,137,550 1,680,683
     Total Foreign Income 0 0 1,638,122 0 1,723,244 2,142,775 3,361,365
Total Revenue 0 0 2,001,455 618,417 2,555,827 4,254,858 7,287,782
               
Production Costs              
Property Development     28,000 44,000 0 0 72,000
Production Staff     57,771 78,886 0 0 136,657
Production costs- Writing, title & clearance     0 13,500 0 0 13,500
Animation, Animatics and Storyboards     300,000 250,000 0 0 550,000
Voice Recording     5,667 72,083 0 0 77,750
Post Production     107,893 53,947 0 0 161,840
Music     10,000 8,750 0 0 18,750
Production Contingencies     50,933 75,558 0 0 126,491
Commission- 10% to Ripp Enter.     15,000 0 0 0 15,000
Profit Partner- Archie 1/3     0 0 29,780 44,670 29,780
Profit Partner- Stan Lee 1/3     0 0 29,780 44,670 29,780
Total Production Costs     575,265 596,724 59,559 89,339 1,231,548
               
Product Costs              
Materials              
Royalties              
Fullfillment              
Freight              
Total Product Costs              
               
Total Costs              
               
             

 

8
 

 

Thomas Edison              
               
Income 2012 2013 2014 2015 2016 2017 Total
US Domestic Revenue              
CDs     0 0 0 0 0
DVDs     0 200,000 0 0 200,000
Television     100,000 2,000,000 2,000,000 3,000,000 7,100,000
Music Publishing     0 200,000 200,000 200,000 600,000
Consumer Products     422,675 1,000,000 1,000,000 1,954,000 4,376,675
     Total Domestic Income 0 0 522,675 3,400,000 3,200,000 5,154,000 12,276,675
Foreign Revenue              
Filmed Entertainment     522,675 2,414,464 0 5,404,045 8,341,184
Licensing- Foreign     522,675 1,000,000 1,000,000 1,954,000 4,476,675
     Total Foreign Income 0 0 1,045,350 3,414,464 1,000,000 7,358,045 12,817,859
Total Revenue 0 0 1,568,025 6,814,464 4,200,000 12,512,045 25,094,534
               
Production Costs              
Property Development     12,500 105,000 0 0 117,500
Production Staff     22,500 0 0 0 22,500
Additional Producer     26,000 26,000 0 0 52,000
Script and Script Editor     324,000 276,000 0 0 600,000
Advisors, Script and Title Clearance     44,200 40,800 0 0 85,000
Voice Recording     390,000 382,500 0 0 772,500
Storyboards     0 178,500 0 0 178,500
Animatic     1,500 0 0 0 1,500
Animation     520,000 520,000 0 0 1,040,000
Video Post Production     325,000 325,000 0 0 650,000
Music and Audo Post Prod     325,000 325,000 0 0 650,000
Production Contingencies     100,000 100,000 0 0 200,000
Total Production Costs     2,090,700 2,278,800 0 0 4,369,500
               
Product Costs              
Materials              
Royalties              
Fullfillment              
Freight              
Total Product Costs              
               
Total Costs              
               
             

 

9
 

 

Pasculina (Licensing Only)              
               
Income 2012 2013 2014 2015 2016 2017 Total
US Domestic Revenue              
Television- Domestic 0   0 0 0 0 0
Home Entertainment- Domestic 0 0 0 0 0 0 0
Film Revenue 0 0 0 0 0 0 0
Webcast Revenue 0 0 0 0 0 0 0
Licensing 0 0 175,000 340,000 570,000 855,000 1,940,000
     Total Domestic Income 0 0 175,000 340,000 570,000 855,000 1,940,000
Foreign Revenue              
Filmed Entertainment 0 0 0 0 0 0 0
Licensing- Foreign 0 0 175,000 340,000 570,000 855,000 1,940,000
     Total Foreign Income 0 0 175,000 340,000 570,000 855,000 1,940,000
Total Revenue 0 0 350,000 680,000 1,140,000 1,710,000 3,880,000
               
Production Costs              
Property Development 0 0 50,000 0 0 0 50,000
Production Staff 0 0 0 0 0 0 0
Additional Producer 0 0 0 0 0 0 0
Script and Script Editor 0 0 0 0 0 0 0
Advisors, Script and Title Clearance 0 0 0 0 0 0 0
Voice Recording 0 0 0 0 0 0 0
Storyboards 0 0 0 0 0 0 0
Animatic 0 0 0 0 0 0 0
Animation 0 0 0 0 0 0 0
Video Post Production 0 0 0 0 0 0 0
Music and Audo Post Prod 0 0 0 0 0 0 0
Production Contingencies 0 0 0 0 0 0 0
Total Production Costs 0 0 50,000 0 0   50,000

 

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Digital Revenue

 

  2014 2015 2016 2017
BG Subscription & Streaming Service              1,000,000              1,500,000              2,250,000          3,375,000.0
         
         
  2014 2015 2016 2017
Amazon                  100,000                  200,000                  400,000              600,000.0
Netflix                  100,000                  200,000                  400,000              600,000.0
iTunes                  200,000                  600,000                  500,000              750,000.0
Other (Hulu, Voodoo, etc)                  100,000                  200,000                  400,000              600,000.0
         
             500,000.00        1,200,000.00        1,700,000.00        2,550,000.00
         
TOTAL        1,500,000.00        2,700,000.00        3,950,000.00          5,925,000.0

 

 

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Marketing Expenses        
         
         
         
  2014 2015 2016 2017
MARKETING & SALES        
Advertising 226,250 681,750 994,275 1,043,989
Commissions - Sales 105,736 169,801 193,311 202,976
Commissions - Licensing 105,000 210,000 376,000 394,800
Contract labor 80,000 36,000 36,000 37,800
Office supplies 800 1,000 1,000 1,050
Product Display Item 0 0 0 0
Postage & delivery 4,000 5,000 5,000 5,250
Marketing collarteral 4,000 5,000 5,000 5,250
Marketing and promotions 7,500 7,500 7,500 7,875
Professional Services 75,000 75,000 75,000 0
Printing Expense 2,000 2,000 2,000 2,100
Product promotional giveaway 0 0 0 0
Public Relations 100,000 126,000 132,300 138,915
Sales Discount 13,000 15,000 17,000 17,850
Trade Shows 40,000 60,000 62,000 65,100
Travel and entertainment 108,000 136,000 65,000 68,250
Website expense 50,000 65,000 75,000 78,750
         
Total      846,286   1,520,051   1,971,386   2,069,955

 

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General & Administrative Expenses

         
  2014 2015 2016 2017
         
Salaries 1,086,441 1,498,847 1,573,790 1,652,479
Payroll taxes - 119,508 164,873 173,117 181,773
Contract labor 0 0 0 0
Auto allowance 0 0 0 0
Bonuses 0 0 0 0
Severance 0 0 0 0
Employee relations 0 0 0 0
Medical insurance 114,764 123,944 136,341 143,158
Workers' comp insurance 14,000 15,400 16,940 17,787
Stock Compensation 200,000 200,000 200,000 210,000
Bank fees 27,600 30,000 40,000 42,000
Consultants 0 0 0 0
Dues and subscriptions 8,000 8,400 8,820 9,261
Licenses & permits 12,800 12,928 13,187 13,846
Office supplies 29,000 30,450 31,973 33,571
Postage & delivery 10,800 10,908 11,126 11,682
Legal & Professional Services 306,000 283,750 292,938 307,585
Accounting/Audit/Tax 166,000 120,000 125,000 131,250
Systems Technical Service 12,500 15,000 17,000 17,850
Outside Services 168,728 126,547 50,000 52,500
Printing 1,000 1,000 1,000 1,050
Insurance-Liability 60,000 66,000 72,600 76,230
Insurance-D&O 64,000 70,400 77,440 81,312
Investor Relations 186,750 120,000 120,000 126,000
Internet 18,000 20,000 22,000 23,100
Rent expense 140,444 142,166 149,274 156,738
Janitorial 0 0 0 0
Repairs and Maintenance 1,500 1,500 1,500 1,575
Security 0 0 0 0
Storage 3,400 3,500 4,000 4,200
Telephone 17,600 18,480 19,404 20,374
Utilities 0 0 0 0
Travel & Entertainment 52,000 62,400 74,880 78,624
Charitable Donations 2,000 2,000 2,000 2,100
Misc 6,000 6,300 6,000 6,300
         
Total G&A 2,828,835 3,154,793 3,240,329 3,402,345

 

 

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