Finance

Projected Financial Statements for 2016

This projected financial report is based on the following assumptions:

  • $26,000 cash contributions from BenSino IT Corporation
  • Total sales of 5,000 units at $0.99
  • Business and economic trends are stable
  • Gaming industry trends and orders remain strong

In addition, according to our break-even analysis, the firm will not reach the break-even until 2018 even though we control costs to maintain a positive cash balance. This is consistent with our goal to build a solid base for the corporation with our primary products and services.

Balance Sheet Income Statement Cash Flow
2016
Assets:
Current assets $26,000
Fixed assets $5,000
Total assets $31,000
Liabilities:
Current liabilities $26,000
Long-term liabilities $5,000
Total liabilities $31,000
2016
Sales $30,950
Costs of goods sold $1,485
Gross profit $29,465
Operating expenses $1,767
Income from operations $27,698
Taxes $8,586.38
Net Income $19,111.62
Payroll $0
Retained earnings $19,111.62
2016
Operating cash flow $27,698
Capital spending $5,000
Change in Net Working Capital $0
Cash Flow from Assets $22,698
Cash Flow to Creditors $1,000
Cash Flow to Shareholders $21,698

Finally, all 2016 earnings will be invested in new equipment for future games and enterprise applications development and if possible a Java server hosting.

Previous Financial Reports

Income Statement
2015
Sales $0
Costs of goods sold $0
Gross profit $0
Operating expenses $0
Income from operations $0
Taxes $0
Net Income $0
Payroll $0
Retained earnings $0

This is not an official financial report and is subject to further modifications throughout the year, so it must be taken with care.

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