ACTUAL ACTUAL ACTUAL FORECAST

JAN - DEC 2022 JAN - DEC 2023 JAN - DEC 2024 JAN - DEC 2025
Income 4300 Sales 1,500,000 1,875,000 2,437,500 3,656,250
Total Income 1,500,000 1,875,000 2,437,500 3,656,250
Cost of Goods Sold 5,000 25,000 28,095 5,000
COGS R&D Supplies 500 500 500 450
COGS Variable Overhead 800 650 800 950
COGS Product Testing 450 350 43,000 48,258
COGS Supplies (MFG) 190,000 780,000 1,300,000 1,800,000
Consumables - COGS 9,000 30,000 7,000 30,000
COGS - Consulting 138,455 105,000 138,455 105,000
Employee Meals 350 2,000 6,000 2,000
519 COGS Salaries 150,000 250,000 500,000 105,000
COGS Payroll Taxes 45,000 65,000 70,518 30,500
COGS Salaries-Payroll Expenses 80,000 100,000 100,000 750,000
Total Cost of Goods Sold 425,850.00 1,217,685 2,087,867 2,766,208
GROSS PROFIT 1,074,150 657,315 349,633 890,042
Expenses 150.00 180 450 800
S&M Programs -Paid Advertising/Ad Subscriptions 30,500 13,895 11,825 25,000
S&M Programs- Meals & Entertainment 6,000 7,000 4,000 8,000
S&M Programs- Lodging 4,500 4,500 4,500 4,700
S&M Travel/Gas Expenses 1,550 1,590 150 9,500
S&M Programs - R&D Product Purchases 4,000 8,000 4,000 40,000
S&M Programs - Public Relations 150 9,500 750 10,500
S&M Programs - Events/Tradeshows 1,200 5,000 5,000 40,000
S&M Programs - Social Media 1,500 50 4,200 12,000
S&M Travel Expense 300.00 100 600 750
Total S&M Expenses 450.00 930 25,925 109,700
6700 Other Depreciation 500.00 800 500.00 1,500
7050 Charitable Contributions 250.00 2,000 1,200 10,000
7410 Travel Expense 35.00 450 1,500 750
7411 Meals 500.00 800 700 600
Professional Fees 8,000 15,500 5,000 4,500
Accounting & Finance 3,100 9,000 19,000 42,000
Marketing 15,500 5,000 24,000 82,000
7613 Consulting Expenses 18,000 5,000 3,100 9,000
Legal-Corporate 42,000 13,000 4,500 7,200
615 Legal-IP Counsel 14,000 2,000 5,000 2,600
Total Professional Fees 83,500 29,000 50,600 49,200
Office Expenses 9,850 14,000 5,000 9,000
Postage and Delivery 110 350 200 350
Dues and Subscriptions 350 180 1,400 1,400
Bank Service Charges 590 280 2,200 2,600
Tax 570 350 12,000 22,000
Miscellaneous Expense 450 590 12,000 2,000
Car Allowances 1,200 780 4,950 4,950
Bad Debt Expense 1,500 340 2,500 9,220
Payroll Salary Expense 5,000 2,500 5,000 9,000
Total Payroll Salary Expense 9,520 9,700 1,300 169,420
Total Expenses 138,875 58,040 109,625 351,770
NET OPERATING INCOME 935,275 599,275 240,008 538,272
Other Expenses 32,000 2,500 22,500 4,950
Interest Expense 12,500 200,000 80,000 4,500
Total Other Expenses 12,500 16,000 40,000 50,000
NET OTHER INCOME (12,500) (16,000) (40,000) (50,000)
NET INCOME 922,775 599,275 200,008 488,272