50% CONFIDENCE LEVEL					gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM
						Detail P&L												Detail P&L												Detail P&L												Detail P&L												Detail P&L
												400,000	300,000
P&L
						Year 1												Year 2												Year 3												Year 4												Year 5
		Period				1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12
Revenue												<---------SUNRISE PERIOD---------->
	Monthly Growth Rate											0%	-25%	QUIET	0%	-33%	-38%	-20.0%	4.5%	4.5%	4.5%	4.5%	4.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	1.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%
	New Domains Registered	300,000										400,000	300,000		900,000	600,000	375,000	300,000	313,500	327,608	342,350	357,756	373,855	379,463	385,155	390,932	396,796	402,748	408,789	414,921	421,145	427,462	433,874	440,382	446,988	449,223	451,469	453,726	455,995	458,275	460,566	462,869	465,183	467,509	469,847	472,196	474,557	476,930	479,315	481,712	484,121	486,542	488,975	491,420	493,877	496,346	498,828	501,322	503,829	506,348	508,880	511,424	513,981	516,551	519,134
	Initial Annual Subscription Terms (Enter as Integer)
	Weighted Avg. Initial Subscription Term 1	2.1 Years										2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1
	Sunrise Period Subscription Term (Only)	5.0 Years										5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
	Domain Years
	Domain Years - Term 1 Subscriptions (Sales Units)											-	-	-	1,890,000	1,260,000	787,500	630,000	658,350	687,977	718,935	751,288	785,096	796,872	808,826	820,957	833,272	845,771	858,457	871,334	884,405	897,670	911,135	924,802	938,675	943,368	948,085	952,825	957,590	962,378	967,189	972,025	976,884	981,769	986,679	991,612	996,570	1,001,553	1,006,562	1,011,595	1,016,654	1,021,738	1,026,848	1,031,982	1,037,142	1,042,327	1,047,539	1,052,776	1,058,041	1,063,331	1,068,648	1,073,990	1,079,360	1,084,757	1,090,181
	Domain Years - Sunrise Period Subscriptions (Sales Units)											2,000,000	1,500,000
	New Domains Total Domain Years - (Sales Units)											2,000,000	1,500,000	-	1,890,000	1,260,000	787,500	630,000	658,350	687,977	718,935	751,288	785,096	796,872	808,826	820,957	833,272	845,771	858,457	871,334	884,405	897,670	911,135	924,802	938,675	943,368	948,085	952,825	957,590	962,378	967,189	972,025	976,884	981,769	986,679	991,612	996,570	1,001,553	1,006,562	1,011,595	1,016,654	1,021,738	1,026,848	1,031,982	1,037,142	1,042,327	1,047,539	1,052,776	1,058,041	1,063,331	1,068,648	1,073,990	1,079,360	1,084,757	1,090,181
	New Domains Up For  Renewal
	Initial Subscription Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900,000	600,000	375,000	300,000	313,500	327,608	342,350	357,756	373,855	379,463	385,155	390,932	396,796	402,748	408,789	414,921	421,145	427,462	433,874	440,382	446,988	449,223	451,469	453,726	455,995	458,275
	Second Renewal Period  Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	630,000	420,000	262,500	210,000	219,450	229,326	239,645	250,429
	Sunrise Subscription Terms Up For Renewal											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Rate	70%										-	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%	70%
	Domains Renewed after Initial Registration (Term 1 Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	630,000	420,000	262,500	210,000	219,450	229,326	239,645	250,429	261,699	265,624	269,609	273,652	277,757	281,924	286,152	290,445	294,802	299,223	303,712	308,267	312,892	314,456	316,028	317,608	319,197	320,793
	Second Renewal Period Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	441,000	294,000	183,750	147,000	153,615	160,528	167,752	175,300
	Domains Renewed (Sunrise Period Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	630,000	420,000	262,500	210,000	219,450	229,326	239,645	250,429	261,699	265,624	269,609	273,652	277,757	281,924	286,152	290,445	294,802	299,223	744,712	602,267	496,642	461,456	469,643	478,136	486,948	496,093
	Weighted Avg. Renewal Term Following Initial Registration Period	1.5 Years										1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5
	Renewal Domain Years Term 1 Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,350,000	900,000	562,500	450,000	470,250	491,412	513,525	536,634	560,783	569,195	577,733	586,398	595,194	604,122	613,184	622,382	631,718	641,193	1,595,811	1,290,573	1,064,232	988,835	1,006,379	1,024,577	1,043,460	1,063,056
	Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Total Domain Years (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,350,000	900,000	562,500	450,000	470,250	491,412	513,525	536,634	560,783	569,195	577,733	586,398	595,194	604,122	613,184	622,382	631,718	641,193	1,595,811	1,290,573	1,064,232	988,835	1,006,379	1,024,577	1,043,460	1,063,056
	Total Domains Under Management											400,000	700,000	700,000	1,600,000	2,200,000	2,575,000	2,875,000	3,188,500	3,516,108	3,858,458	4,216,214	4,590,069	4,969,532	5,354,687	5,745,619	6,142,415	6,545,163	6,953,952	7,368,873	7,790,018	8,217,480	8,651,354	9,091,736	9,538,724	9,987,947	10,439,416	10,893,142	11,349,137	11,537,412	11,817,978	12,168,347	12,543,530	12,916,989	13,288,554	13,658,045	14,025,275	14,390,048	14,755,524	15,121,690	15,488,531	15,856,035	16,224,185	16,592,968	16,962,369	17,332,372	17,702,961	17,885,121	18,130,835	18,424,337	18,735,450	19,045,598	19,354,664	19,662,523	19,969,045
	Total Domain Years (Sales Units)
	Total Domain Years - Term 1 Subscriptions (Sales Units)											-	-	-	1,890,000	1,260,000	787,500	630,000	658,350	687,977	718,935	751,288	785,096	796,872	808,826	820,957	833,272	845,771	858,457	871,334	884,405	897,670	911,135	924,802	938,675	943,368	948,085	952,825	957,590	962,378	967,189	972,025	976,884	981,769	986,679	991,612	996,570	1,001,553	1,006,562	1,011,595	1,016,654	1,021,738	1,026,848	1,031,982	1,037,142	1,042,327	1,047,539	1,052,776	1,058,041	1,063,331	1,068,648	1,073,990	1,079,360	1,084,757	1,090,181
	Total Domain Years - Renewal Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,350,000	900,000	562,500	450,000	470,250	491,412	513,525	536,634	560,783	569,195	577,733	586,398	595,194	604,122	613,184	622,382	631,718	641,193	1,595,811	1,290,573	1,064,232	988,835	1,006,379	1,024,577	1,043,460	1,063,056
	Total Domain Years -From Sunrise Period Subscriptions (Sales Units)											2,000,000	1,500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domain Years (Sales Units)											2,000,000	1,500,000	-	1,890,000	1,260,000	787,500	630,000	658,350	687,977	718,935	751,288	785,096	796,872	808,826	820,957	833,272	845,771	858,457	871,334	884,405	897,670	911,135	924,802	938,675	943,368	948,085	952,825	957,590	2,312,378	1,867,189	1,534,525	1,426,884	1,452,019	1,478,091	1,505,137	1,533,204	1,562,336	1,575,756	1,589,328	1,603,052	1,616,932	1,630,970	1,645,166	1,659,523	1,674,044	1,688,732	2,648,587	2,348,614	2,127,563	2,057,483	2,080,369	2,103,938	2,128,217	2,153,238
	Registration Fee Per Domain Name Year (Cash)	$5.75										5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	$5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75	5.75
	Total Registration Revenue Term 1 - (Cash)											-	-	-	10,867,500	7,245,000	4,528,125	3,622,500	3,785,513	3,955,867	4,133,876	4,319,904	4,514,299	4,582,016	4,650,747	4,720,504	4,791,312	4,863,182	4,936,127	5,010,171	5,085,326	5,161,604	5,239,029	5,317,613	5,397,380	5,424,368	5,451,488	5,478,741	5,506,140	5,533,671	5,561,334	5,589,143	5,617,085	5,645,171	5,673,403	5,701,767	5,730,276	5,758,930	5,787,729	5,816,672	5,845,761	5,874,995	5,904,373	5,933,897	5,963,565	5,993,378	6,023,348	6,053,463	6,083,735	6,114,152	6,144,726	6,175,445	6,206,321	6,237,353	6,268,543
	Total Registration Revenue Renewals Term 1( Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,762,500	5,175,000	3,234,375	2,587,500	2,703,938	2,825,619	2,952,769	3,085,646	3,224,499	3,272,868	3,321,962	3,371,789	3,422,366	3,473,702	3,525,805	3,578,694	3,632,376	3,686,860	9,175,913	7,420,795	6,119,334	5,685,798	5,786,676	5,891,320	5,999,895	6,112,574
	Total Registration Revenue Sunrise Period Subscriptions (Cash)											11,500,000	8,625,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Registration Revenue (Cash)											11,500,000	8,625,000	-	10,867,500	7,245,000	4,528,125	3,622,500	3,785,513	3,955,867	4,133,876	4,319,904	4,514,299	4,582,016	4,650,747	4,720,504	4,791,312	4,863,182	4,936,127	5,010,171	5,085,326	5,161,604	5,239,029	5,317,613	5,397,380	5,424,368	5,451,488	5,478,741	5,506,140	13,296,171	10,736,334	8,823,518	8,204,585	8,349,109	8,499,022	8,654,535	8,815,921	8,983,429	9,060,597	9,138,634	9,217,550	9,297,360	9,378,075	9,459,702	9,542,258	9,625,754	9,710,208	15,229,376	13,504,530	12,233,486	11,830,524	11,962,121	12,097,641	12,237,248	12,381,117
	Total Registration Revenue - Term 1 (Accrual)											-	-	-	431,250	718,750	898,438	1,042,188	1,192,406	1,349,385	1,513,428	1,684,853	1,863,991	2,045,817	2,230,371	2,417,692	2,607,824	2,800,807	2,996,685	3,195,502	3,397,300	3,602,126	3,810,024	4,021,040	4,235,222	4,450,475	4,666,804	4,884,214	5,102,711	5,322,302	5,111,739	5,046,031	5,089,244	5,169,508	5,244,425	5,313,706	5,377,055	5,434,160	5,484,693	5,533,687	5,581,108	5,626,921	5,671,090	5,713,579	5,754,350	5,793,367	5,830,590	5,865,981	5,899,501	5,931,110	5,960,766	5,990,571	6,020,525	6,050,628	6,080,882
	Total Registration Revenue Renewals - Term 1 (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	431,250	718,750	898,438	1,042,188	1,192,406	1,349,385	1,513,428	1,684,853	1,863,991	2,045,817	2,230,371	2,417,692	2,607,824	2,800,807	2,996,685	3,195,502	3,397,300	3,602,126	3,680,649	3,805,415	3,965,691	4,137,818	4,309,082	4,479,398	4,648,683	4,816,846
	Total Registration Revenue - Sunrise Period Subscriptions (Accrual)											191,667	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417	335,417
	Total Registration Revenue (Accrual)											191,667	335,417	335,417	766,667	1,054,167	1,233,854	1,377,604	1,527,823	1,684,802	1,848,844	2,020,269	2,199,408	2,381,234	2,565,788	2,753,109	2,943,241	3,136,224	3,332,102	3,530,918	3,732,717	3,937,543	4,145,440	4,356,457	4,570,639	4,785,891	5,002,220	5,219,631	5,438,128	6,088,968	6,165,906	6,279,885	6,466,848	6,697,331	6,929,226	7,162,551	7,397,325	7,633,568	7,865,927	8,099,474	8,334,217	8,570,162	8,807,314	9,045,681	9,285,269	9,526,083	9,768,132	9,882,046	10,040,333	10,232,217	10,434,001	10,635,069	10,835,340	11,034,728	11,233,145
																																																																	121,952,044
	Transfer Activity ( % of New Registrations)	2.0%										2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%
	Total Number of Transfers											8,000	6,000	-	18,000	12,000	7,500	6,000	6,270	6,552	6,847	7,155	7,477	7,589	7,703	7,819	7,936	8,055	8,176	8,298	8,423	8,549	8,677	8,808	8,940	8,984	9,029	9,075	9,120	9,166	9,211	9,257	9,304	9,350	9,397	9,444	9,491	9,539	9,586	9,634	9,682	9,731	9,780	9,828	9,878	9,927	9,977	10,026	10,077	10,127	10,178	10,228	10,280	10,331	10,383
	Incremental Domain Years Yield from Transfers (Sales Units)	0.5 Years										0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
	Total Incremental Domain Years - Transfers (Sales Units)											4,000	3,000	-	9,000	6,000	3,750	3,000	3,135	3,276	3,424	3,578	3,739	3,795	3,852	3,909	3,968	4,027	4,088	4,149	4,211	4,275	4,339	4,404	4,470	4,492	4,515	4,537	4,560	4,583	4,606	4,629	4,652	4,675	4,698	4,722	4,746	4,769	4,793	4,817	4,841	4,865	4,890	4,914	4,939	4,963	4,988	5,013	5,038	5,063	5,089	5,114	5,140	5,166	5,191
	Total Transfer Revenue (Cash)											23,000	17,250	-	51,750	34,500	21,563	17,250	18,026	18,837	19,685	20,571	21,497	21,819	22,146	22,479	22,816	23,158	23,505	23,858	24,216	24,579	24,948	25,322	25,702	25,830	25,959	26,089	26,220	26,351	26,483	26,615	26,748	26,882	27,016	27,151	27,287	27,423	27,561	27,698	27,837	27,976	28,116	28,257	28,398	28,540	28,683	28,826	28,970	29,115	29,261	29,407	29,554	29,702	29,850
	Total Transfer Revenue (Accrual)											3,833	6,708	6,708	15,333	21,083	24,677	23,719	23,848	26,988	21,644	19,322	19,311	20,073	20,759	21,366	21,888	22,319	22,654	22,994	23,339	23,689	24,044	24,405	24,771	25,099	25,390	25,642	25,854	26,025	26,155	26,286	26,418	26,550	26,682	26,816	26,950	27,085	27,220	27,356	27,493	27,630	27,769	27,907	28,047	28,187	28,328	28,470	28,612	28,755	28,899	29,044	29,189	29,335	29,481
																																																																	344,255
	Fee to ICANN Per Sales Unit (Paid Annually)	$0.20										80,000	60,000	-	180,000	120,000	75,000	60,000	62,700	65,522	68,470	71,551	74,771	235,893	197,031	78,186	259,359	200,550	156,758	142,984	146,929	151,014	155,245	159,628	164,169	253,737	233,325	168,932	188,558	310,205	265,371	234,058	225,536	229,436	233,456	237,600	241,872	325,160	306,985	248,828	250,690	315,570	296,469	282,637	279,324	282,226	285,190	376,418	350,113	411,138	385,522	328,591	331,733	334,949	338,244
																																																																	3,986,085
Registry Operator
	Registry Fees
	Total Sales Units - Term 1 (From Above)											-	-	-	1,890,000	1,260,000	787,500	630,000	658,350	687,977	718,935	751,288	785,096	796,872	808,826	820,957	833,272	845,771	858,457	871,334	884,405	897,670	911,135	924,802	938,675	943,368	948,085	952,825	957,590	962,378	967,189	972,025	976,884	981,769	986,679	991,612	996,570	1,001,553	1,006,562	1,011,595	1,016,654	1,021,738	1,026,848	1,031,982	1,037,142	1,042,327	1,047,539	1,052,776	1,058,041	1,063,331	1,068,648	1,073,990	1,079,360	1,084,757	1,090,181
	Total Sales Units - Term 1 Renewals (From Above)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,350,000	900,000	562,500	450,000	470,250	491,412	513,525	536,634	560,783	569,195	577,733	586,398	595,194	604,122	613,184	622,382	631,718	641,193	1,595,811	1,290,573	1,064,232	988,835	1,006,379	1,024,577	1,043,460	1,063,056
	Total Sales Units - Sunrise Period Subscriptions (From Above)											2,000,000	1,500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Sales Units - Incremental Yield from Transfers (From Above)											4,000	3,000	-	9,000	6,000	3,750	3,000	3,135	3,276	3,424	3,578	3,739	3,795	3,852	3,909	3,968	4,027	4,088	4,149	4,211	4,275	4,339	4,404	4,470	4,492	4,515	4,537	4,560	4,583	4,606	4,629	4,652	4,675	4,698	4,722	4,746	4,769	4,793	4,817	4,841	4,865	4,890	4,914	4,939	4,963	4,988	5,013	5,038	5,063	5,089	5,114	5,140	5,166	5,191
	Total Sales Units											2,004,000	1,503,000	-	1,899,000	1,266,000	791,250	633,000	661,485	691,253	722,359	754,865	788,834	800,667	812,677	824,867	837,240	849,798	862,545	875,483	888,616	901,945	915,474	929,206	943,145	947,861	952,600	957,362	962,149	2,316,960	1,871,794	1,539,154	1,431,536	1,456,694	1,482,789	1,509,859	1,537,949	1,567,105	1,580,549	1,594,145	1,607,893	1,621,798	1,635,859	1,650,080	1,664,462	1,679,008	1,693,720	2,653,600	2,353,652	2,132,626	2,062,571	2,085,483	2,109,077	2,133,383	2,158,429
	Core Registry Fee per Name	$2.95										2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95
	Core Registry Fee - Term 1 (Cash)											-	-	-	2,655,000	1,770,000	1,106,250	885,000	924,825	966,444	1,009,933	1,055,380	1,102,872	2,299,416	2,021,207	1,153,249	3,825,548	2,958,107	2,312,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 Renewals (Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Sunrise Period Subscriptions (Cash)											1,180,000	885,000	-	-	-	-	-	-	-	-	-	-	1,180,000	885,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Transfers (Cash)											11,800	8,850	-	26,550	17,700	11,063	8,850	9,248	9,664	10,099	10,554	11,029	11,194	11,362	11,532	11,705	11,881	12,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Core Registry Fee (Cash)											1,191,800	893,850	-	2,681,550	1,787,700	1,117,313	893,850	934,073	976,108	1,020,032	1,065,934	1,113,901	3,490,610	2,917,569	1,164,782	3,837,254	2,969,988	2,324,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 (Accrual)											-	-	-	221,250	368,750	460,938	534,688	611,756	692,293	776,454	864,403	956,309	1,147,927	1,316,361	1,412,465	1,510,010	1,609,019	1,709,513	1,635,763	1,558,694	1,478,157	1,393,996	1,306,048	1,214,142	1,022,524	854,090	757,986	439,190	192,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 Renewals (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Sunrise Period (Accrual)											98,333	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	172,083	73,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Transfers											1,967	3,442	3,442	7,867	10,817	12,660	12,169	12,235	13,846	11,104	9,913	9,907	10,298	10,650	10,962	11,229	11,451	11,622	9,757	7,863	5,941	3,990	2,010	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Accrual)											100,300	175,525	175,525	401,200	551,650	645,681	718,940	796,075	878,222	959,642	1,046,399	1,138,299	1,330,308	1,499,094	1,595,510	1,693,323	1,792,553	1,893,219	1,817,603	1,738,641	1,656,182	1,570,070	1,480,141	1,386,225	1,096,274	854,090	757,986	439,190	192,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Registry Operations											100,300	175,525	175,525	401,200	551,650	645,681	718,940	796,075	878,222	959,642	1,046,399	1,138,299	1,330,308	1,499,094	1,595,510	1,693,323	1,792,553	1,893,219	1,817,603	1,738,641	1,656,182	1,570,070	1,480,141	1,386,225	1,096,274	854,090	757,986	439,190	192,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
						Year 1												Year 2												Year 3												Year 4												Year 5
						1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12	1	2	3	4	5	6	7	8	9	10	11	12
Systems Development & Support
	Labor					18,229	37,500	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	121,042	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	220,391	298,203	231,410	231,410	231,410	231,410	231,410	231,410	231,410	231,410	231,410	231,410	231,410	309,223	312,921	312,921	312,921	312,921	312,921	312,921	312,921	312,921	312,921	312,921	312,921	390,733	402,003	402,003	402,003	402,003	402,003	402,003	402,003	402,003	402,003	402,003	402,003	479,816
	Equipment Operating Leases					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,831	27,831	142,717	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	380,336	439,115	439,115	439,115	439,115	439,115	439,115	439,115	439,115	439,115	439,115	439,115	439,115	490,935	490,935	490,935	490,935	490,935	490,935	490,935	490,935	490,935	490,935	490,935	490,935
	Remote Centers					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800	28,800
	Network Operations Center					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	26,400	26,400	26,400	26,400	26,400	26,400	26,400	26,400	26,400	26,400	26,400
	Other Systems Development & Support
	Total Systems Development & Support					18,229	37,500	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	121,042	45,391	45,391	45,391	45,391	45,391	45,391	45,391	73,222	73,222	216,908	629,527	707,339	640,546	640,546	640,546	640,546	640,546	640,546	640,546	640,546	664,546	664,546	664,546	742,359	804,835	804,835	804,835	804,835	804,835	804,835	804,835	804,835	804,835	804,835	804,835	882,648	945,739	948,139	948,139	948,139	948,139	948,139	948,139	948,139	948,139	948,139	948,139	1,025,951
Customer Service
	Labor					-	-	3,646	26,042	42,396	42,396	42,396	42,396	48,542	48,542	48,542	114,917	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	123,797	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	126,668	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	129,683	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	132,848
	Other Customer Service
	Total Customer Service					-	-	3,646	26,042	42,396	42,396	42,396	42,396	48,542	48,542	48,542	114,917	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	57,422	123,797	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	60,293	126,668	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	63,308	129,683	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	66,473	132,848
Marketing & Sales
	Labor					-	19,271	32,813	32,813	32,813	32,813	32,813	32,813	40,625	40,625	40,625	98,750	50,859	50,859	50,859	50,859	50,859	50,859	50,859	50,859	50,859	50,859	50,859	108,984	53,402	53,402	53,402	53,402	53,402	53,402	53,402	53,402	53,402	53,402	53,402	111,527	56,072	56,072	56,072	56,072	56,072	56,072	56,072	56,072	56,072	56,072	56,072	114,197	58,876	58,876	58,876	58,876	58,876	58,876	58,876	58,876	58,876	58,876	58,876	117,001
	Advertising & Promotion:
	Media					-	-	-	-	-	-	700,000	700,000	700,000	2,000,000	2,000,000	2,000,000	595,947	595,947	595,947	595,947	595,947	595,947	595,947	595,947	595,947	595,947	595,947	595,947	478,714	478,714	478,714	478,714	478,714	478,714	478,714	478,714	478,714	478,714	478,714	478,714	421,853	421,853	421,853	421,853	421,853	421,853	421,853	421,853	421,853	421,853	421,853	421,853	368,297	368,297	368,297	368,297	368,297	368,297	368,297	368,297	368,297	368,297	368,297	368,297
	Co-op Advertising					-	-	-	-	-	-	-	-	-	2,000,000	2,000,000	2,000,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000
	Production					-	-	-	-	-	100,000	100,000	100,000	1,000,000	200,000	100,000	-	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530
	Research					-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474
	Agency Fee					100,000	100,000	100,000	100,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005
	Public Relations					200,000	200,000	200,000	300,000	400,000	400,000	400,000	400,000	500,000	500,000	500,000	500,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333
	Total Marketing & Sales					300,000	319,271	332,813	432,813	632,813	732,813	1,482,813	1,482,813	2,490,625	4,990,625	4,890,625	4,848,750	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,692,167	1,750,292	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,462,550	1,520,675	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,309,701	1,367,826	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,244,515	1,302,640
General & Administrative
	Labor					-	20,313	28,646	68,750	83,333	83,333	83,333	83,333	83,333	83,333	83,333	203,646	87,500	87,500	93,516	102,266	102,266	102,266	102,266	102,266	102,266	102,266	102,266	222,578	107,379	107,379	107,379	107,379	107,379	107,379	107,379	107,379	107,379	107,379	107,379	227,691	112,748	112,748	112,748	112,748	112,748	112,748	112,748	112,748	112,748	112,748	112,748	233,060	118,385	118,385	118,385	118,385	118,385	118,385	118,385	118,385	118,385	118,385	118,385	238,698
	Rent					525	3,675	6,825	11,025	15,225	15,225	15,225	15,225	16,800	16,800	16,800	16,800	18,375	18,375	18,900	20,475	20,475	23,100	23,100	23,100	23,100	23,100	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	38,850	44,100	44,100	44,100	44,100	44,100	44,100	44,100	44,100	44,100	44,100	44,100	44,100	49,350	49,350	49,350	49,350	49,350	49,350	49,350	49,350	49,350	49,350	49,350	49,350
	Telecommunications					20,048	20,336	20,624	21,008	21,392	21,392	21,392	21,392	21,536	21,536	21,536	21,536	21,680	21,680	21,728	21,872	21,872	22,112	22,112	22,112	22,112	22,112	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	23,552	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,032	24,512	24,512	24,512	24,512	24,512	24,512	24,512	24,512	24,512	24,512	24,512	24,512
	Materials & Supplies					200	1,400	2,600	4,200	5,800	5,800	5,800	5,800	6,400	6,400	6,400	6,400	7,280	7,280	7,488	8,112	8,112	9,152	9,152	9,152	9,152	9,152	15,392	15,392	16,008	16,008	16,008	16,008	16,008	16,008	16,008	16,008	16,008	16,008	16,008	16,008	18,898	18,898	18,898	18,898	18,898	18,898	18,898	18,898	18,898	18,898	18,898	18,898	21,993	21,993	21,993	21,993	21,993	21,993	21,993	21,993	21,993	21,993	21,993	21,993
	Travel & Entertainment					72,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000	75,600	75,600	75,600	75,600	75,600	75,600	75,600	75,600	75,600	75,600	75,600	75,600	79,380	79,380	79,380	79,380	79,380	79,380	79,380	79,380	79,380	79,380	79,380	79,380	83,349	83,349	83,349	83,349	83,349	83,349	83,349	83,349	83,349	83,349	83,349	83,349	87,516	87,516	87,516	87,516	87,516	87,516	87,516	87,516	87,516	87,516	87,516	87,516
	Seminars & Conferences					9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,600	9,984	9,984	9,984	9,984	9,984	9,984	9,984	9,984	9,984	9,984	9,984	9,984	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,383	10,799	10,799	10,799	10,799	10,799	10,799	10,799	10,799	10,799	10,799	10,799	10,799	11,231	11,231	11,231	11,231	11,231	11,231	11,231	11,231	11,231	11,231	11,231	11,231
	Insurance					5,900	5,900	5,900	5,900	5,900	5,900	5,900	5,900	5,900	5,900	5,900	5,900	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,136	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,381	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,637	6,902	6,902	6,902	6,902	6,902	6,902	6,902	6,902	6,902	6,902	6,902	6,902
	Facility Maintenance & Other					-	4,600	4,600	4,600	4,600	4,600	4,600	4,600	4,600	4,600	4,600	4,600	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,784	4,975	4,975	4,975	4,975	4,975	4,975	4,975	4,975	4,975	4,975	4,975	4,975	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,174	5,381	5,381	5,381	5,381	5,381	5,381	5,381	5,381	5,381	5,381	5,381	5,381
	Legal Services					100,000	100,000	100,000	100,000	100,000	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,260	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,323	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,459	1,459	1,459	1,459	1,459	1,459	1,459	1,459	1,459	1,459	1,459	1,459
	Financial & Accounting Services					6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,300	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,615	6,946	6,946	6,946	6,946	6,946	6,946	6,946	6,946	6,946	6,946	6,946	6,946	7,293	7,293	7,293	7,293	7,293	7,293	7,293	7,293	7,293	7,293	7,293	7,293
	Other Outside Services					2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,756	2,894	2,894	2,894	2,894	2,894	2,894	2,894	2,894	2,894	2,894	2,894	2,894	3,039	3,039	3,039	3,039	3,039	3,039	3,039	3,039	3,039	3,039	3,039	3,039
	Trademark Review					-	-	-	-	-	-	48,000	36,000	-	108,000	72,000	45,000	37,440	39,125	40,885	42,725	44,648	46,657	47,357	48,067	48,788	49,520	50,263	51,017	53,853	54,661	55,481	56,313	57,158	58,015	58,306	58,597	58,890	59,185	59,480	59,778	62,480	62,792	63,106	63,422	63,739	64,057	64,378	64,700	65,023	65,348	65,675	66,004	68,987	69,332	69,679	70,027	70,377	70,729	71,083	71,438	71,795	72,154	72,515	72,878
	Site Hosting, Connectivity, and Devel. & Maint.					-	-	-	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,120	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,245	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,375	3,510	3,510	3,510	3,510	3,510	3,510	3,510	3,510	3,510	3,510	3,510	3,510
	Other General & Administrative					7,600	8,200	11,200	12,000	12,800	12,800	12,800	12,800	13,100	13,100	13,100	13,100	13,796	13,796	13,896	14,196	14,196	14,696	14,696	14,696	14,696	14,696	17,696	17,696	18,108	18,108	18,108	18,108	18,108	18,108	18,108	18,108	18,108	18,108	18,108	18,108	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,536	19,300	19,300	19,300	19,300	19,300	19,300	19,300	19,300	19,300	19,300	19,300	19,300
	Total G&A					224,373	254,524	270,495	320,583	342,150	243,350	291,350	279,350	245,969	353,969	317,969	411,282	295,880	297,565	306,222	319,455	321,378	327,792	328,492	329,202	329,923	330,655	357,828	478,894	372,809	373,617	374,437	375,269	376,114	376,971	377,261	377,553	377,846	378,140	378,436	499,046	402,356	402,668	402,982	403,298	403,615	403,933	404,254	404,576	404,899	405,224	405,551	526,192	428,858	429,203	429,550	429,898	430,248	430,600	430,954	431,309	431,666	432,025	432,386	553,061
R&D
	Labor					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,938	10,938	50,313	50,313	50,313	50,313	50,313	50,313	50,313	52,828	52,828	52,828	52,828	52,828	52,828	52,828	52,828	52,828	52,828	52,828	52,828	55,470	55,470	55,470	55,470	55,470	55,470	55,470	55,470	55,470	55,470	55,470	55,470	58,243	58,243	58,243	58,243	58,243	58,243	58,243	58,243	58,243	58,243	58,243	58,243
	Outsourced R&D Efforts					-	-	-	-	-	-	1,955	3,421	3,421	7,820	10,753	12,585	39,955	14,013	15,517	17,118	18,705	20,396	22,187	24,013	25,865	27,745	29,651	31,585	33,548	280,343	35,539	37,561	39,612	41,695	43,809	45,954	48,110	50,276	52,453	54,640	61,150	61,921	572,719	63,062	64,933	67,239	69,559	71,894	74,243	76,607	78,931	81,268	83,617	85,978	88,351	905,681	90,736	93,133	95,543	97,965	99,105	100,689	102,610	104,629
	Total R&D					-	-	-	-	-	-	1,955	3,421	3,421	7,820	10,753	12,585	39,955	14,013	15,517	28,055	29,642	70,708	72,500	74,326	76,178	78,057	79,964	81,898	86,376	333,172	88,367	90,389	92,440	94,523	96,637	98,782	100,938	103,104	105,281	107,468	116,619	117,390	628,188	118,531	120,402	122,708	125,029	127,363	129,712	132,076	134,401	136,738	141,860	144,221	146,594	963,924	148,979	151,376	153,786	156,208	157,348	158,932	160,853	162,872
Total Operating Expenses						542,602	611,294	650,182	822,666	1,060,588	1,061,788	1,962,043	2,026,734	3,007,311	5,845,385	5,862,768	6,154,257	2,849,755	2,902,633	2,994,941	3,102,132	3,192,399	3,331,779	3,526,279	3,725,433	3,824,422	4,068,532	4,609,461	5,035,439	4,440,177	4,608,818	4,282,375	4,199,117	4,112,085	4,021,109	3,733,561	3,493,814	3,424,159	3,107,824	2,863,788	2,996,216	2,696,819	2,697,902	3,209,014	2,699,673	2,701,861	2,704,486	2,707,127	2,709,783	2,712,456	2,715,145	2,717,796	3,043,087	2,827,445	2,832,551	2,835,270	3,652,949	2,838,354	2,841,103	2,843,866	2,846,644	2,848,141	2,850,085	2,852,366	3,177,373
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)						(542,602)	(611,294)	(650,182)	(822,666)	(1,060,588)	(1,061,788)	(1,766,543)	(1,684,609)	(2,665,186)	(5,063,385)	(4,787,518)	(4,895,725)	(1,448,432)	(1,350,962)	(1,283,152)	(1,231,644)	(1,152,808)	(1,113,060)	(1,124,973)	(1,138,886)	(1,049,946)	(1,103,404)	(1,450,918)	(1,680,683)	(886,265)	(852,763)	(321,144)	(29,632)	268,777	574,301	1,077,429	1,533,796	1,821,113	2,356,158	3,251,206	3,195,846	3,609,352	3,795,363	3,514,866	4,256,236	4,487,505	4,719,789	4,953,526	5,183,364	5,414,375	5,646,566	5,879,996	5,791,996	6,246,143	6,480,765	6,719,000	6,143,512	7,072,162	7,227,842	7,417,106	7,616,257	7,815,971	8,014,444	8,211,697	8,085,254
Depreciation & Amortization						-	5,139	14,417	16,569	17,347	18,125	18,125	18,125	18,125	18,417	18,417	18,417	18,417	18,708	18,708	18,806	19,278	19,278	20,667	20,667	20,667	20,667	20,667	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	26,639	17,361	15,208	14,431	13,653	13,653	13,653	13,653	13,361	13,361	13,361	13,361	15,847	15,847	15,750	15,278	15,278	13,889	13,889	13,889	13,889	13,889	5,556
Earnings Before Interest, Taxes						(542,602)	(616,433)	(664,599)	(839,236)	(1,077,935)	(1,079,913)	(1,784,668)	(1,702,734)	(2,683,311)	(5,081,802)	(4,805,934)	(4,914,142)	(1,466,849)	(1,369,670)	(1,301,860)	(1,250,449)	(1,172,085)	(1,132,338)	(1,145,639)	(1,159,553)	(1,070,613)	(1,124,070)	(1,471,584)	(1,709,683)	(915,265)	(881,763)	(350,144)	(58,632)	239,777	545,301	1,048,429	1,504,796	1,792,113	2,327,158	3,222,206	3,166,846	3,580,352	3,768,724	3,497,505	4,241,027	4,473,075	4,706,136	4,939,873	5,169,711	5,400,722	5,633,204	5,866,635	5,778,635	6,232,782	6,464,918	6,703,153	6,127,762	7,056,884	7,212,564	7,403,217	7,602,368	7,802,082	8,000,555	8,197,808	8,079,698
Interest		1.75%				-	6,313	4,952	3,900	2,755	1,325	-	13,579	21,935	17,816	25,724	25,201	21,666	20,006	21,101	22,387	23,818	25,465	27,200	27,317	26,174	26,827	26,699	24,358	23,224	24,750	28,160	31,674	35,473	39,213	42,818	46,053	48,956	51,628	53,905	66,820	75,674	81,408	86,402	91,448	96,112	101,183	106,296	111,459	116,543	121,549	126,476	131,325	135,995	140,364	144,915	149,390	153,849	165,606	175,307	182,992	189,920	196,873	203,857	210,879
Pretax Consortium Profit (Before Rebates)						(542,602)	(622,746)	(669,551)	(843,136)	(1,080,690)	(1,081,238)	(1,784,668)	(1,716,313)	(2,705,246)	(5,099,617)	(4,831,658)	(4,939,343)	(1,488,515)	(1,389,676)	(1,322,961)	(1,272,836)	(1,195,903)	(1,157,803)	(1,172,840)	(1,186,869)	(1,096,787)	(1,150,897)	(1,498,284)	(1,734,041)	(938,490)	(906,512)	(378,304)	(90,306)	204,304	506,088	1,005,612	1,458,743	1,743,158	2,275,530	3,168,301	3,100,025	3,504,677	3,687,316	3,411,103	4,149,579	4,376,963	4,604,953	4,833,577	5,058,252	5,284,179	5,511,656	5,740,159	5,647,310	6,096,787	6,324,553	6,558,238	5,978,371	6,903,036	7,046,958	7,227,910	7,419,376	7,612,162	7,803,682	7,993,951	7,868,819
Rebate Pool (% of Before Tax Profits)		25%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,076	126,522	251,403	364,686	435,789	568,883	792,075	775,006	876,169	921,829	852,776	1,037,395	1,094,241	1,151,238	1,208,394	1,264,563	1,321,045	1,377,914	1,435,040	1,411,827	1,524,197	1,581,138	1,639,559	1,494,593	1,725,759	1,761,740	1,806,977	1,854,844	1,903,041	1,950,921	1,998,488	1,967,205
Pretax Consortium Profit						(542,602)	(622,746)	(669,551)	(843,136)	(1,080,690)	(1,081,238)	(1,784,668)	(1,716,313)	(2,705,246)	(5,099,617)	(4,831,658)	(4,939,343)	(1,488,515)	(1,389,676)	(1,322,961)	(1,272,836)	(1,195,903)	(1,157,803)	(1,172,840)	(1,186,869)	(1,096,787)	(1,150,897)	(1,498,284)	(1,734,041)	(938,490)	(906,512)	(378,304)	(90,306)	153,228	379,566	754,209	1,094,057	1,307,368	1,706,648	2,376,226	2,325,019	2,628,508	2,765,487	2,558,327	3,112,184	3,282,722	3,453,715	3,625,183	3,793,689	3,963,134	4,133,742	4,305,119	4,235,482	4,572,590	4,743,415	4,918,678	4,483,779	5,177,277	5,285,219	5,420,932	5,564,532	5,709,122	5,852,762	5,995,463	5,901,614
Estimated Stockholder Taxes		40%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,291	151,826	301,684	437,623	522,947	682,659	950,490	930,008	1,051,403	1,106,195	1,023,331	1,244,874	1,313,089	1,381,486	1,450,073	1,517,476	1,585,254	1,653,497	1,722,048	1,694,193	1,829,036	1,897,366	1,967,471	1,793,511	2,070,911	2,114,087	2,168,373	2,225,813	2,283,649	2,341,105	2,398,185	2,360,646
Estimated Consortium Net Income						(542,602)	(622,746)	(669,551)	(843,136)	(1,080,690)	(1,081,238)	(1,784,668)	(1,716,313)	(2,705,246)	(5,099,617)	(4,831,658)	(4,939,343)	(1,488,515)	(1,389,676)	(1,322,961)	(1,272,836)	(1,195,903)	(1,157,803)	(1,172,840)	(1,186,869)	(1,096,787)	(1,150,897)	(1,498,284)	(1,734,041)	(938,490)	(906,512)	(378,304)	(90,306)	91,937	227,740	452,525	656,434	784,421	1,023,989	1,425,735	1,395,011	1,577,105	1,659,292	1,534,996	1,867,311	1,969,633	2,072,229	2,175,110	2,276,213	2,377,881	2,480,245	2,583,072	2,541,289	2,743,554	2,846,049	2,951,207	2,690,267	3,106,366	3,171,131	3,252,559	3,338,719	3,425,473	3,511,657	3,597,278	3,540,968
						gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM
						Cash												Cash												Cash												Cash												Cash
CASH
		Period				Year 1 Month 1	Year 1 Month 2	Year 1 Month 3	Year 1 Month 4	Year 1 Month 5	Year 1 Month 6	Year 1 Month 7	Year 1 Month 8	Year 1 Month 9	Year 1 Month 10	Year 1 Month 11	Year 1 Month 12	Year 2 Month 1	Year 2 Month 2	Year 2 Month 3	Year 2 Month 4	Year 2 Month 5	Year 2 Month 6	Year 2 Month 7	Year 2 Month 8	Year 2 Month 9	Year 2 Month 10	Year 2 Month 11	Year 2 Month 12	Year 3  Month 1	Year 3  Month 2	Year 3  Month 3	Year 3  Month 4	Year 3  Month 5	Year 3  Month 6	Year 3  Month 7	Year 3  Month 8	Year 3  Month 9	Year 3  Month 10	Year 3  Month 11	Year 3  Month 12	Year 4  Month 1	Year 4  Month 2	Year 4  Month 3	Year 4  Month 4	Year 4  Month 5	Year 4  Month 6	Year 4  Month 7	Year 4  Month 8	Year 4  Month 9	Year 4  Month 10	Year 4  Month 11	Year 4  Month 12	Year 5  Month 1	Year 5  Month 2	Year 5  Month 3	Year 5  Month 4	Year 5  Month 5	Year 5  Month 6	Year 5  Month 7	Year 5  Month 8	Year 5  Month 9	Year 5  Month 10	Year 5  Month 11	Year 5  Month 12
Cash Sales
	Registration Revenue (Cash)					-	-	-	-	-	-	11,500,000	8,625,000	-	10,867,500	7,245,000	4,528,125	3,622,500	3,785,513	3,955,867	4,133,876	4,319,904	4,514,299	4,582,016	4,650,747	4,720,504	4,791,312	4,863,182	4,936,127	5,010,171	5,085,326	5,161,604	5,239,029	5,317,613	5,397,380	5,424,368	5,451,488	5,478,741	5,506,140	13,296,171	10,736,334	8,823,518	8,204,585	8,349,109	8,499,022	8,654,535	8,815,921	8,983,429	9,060,597	9,138,634	9,217,550	9,297,360	9,378,075	9,459,702	9,542,258	9,625,754	9,710,208	15,229,376	13,504,530	12,233,486	11,830,524	11,962,121	12,097,641	12,237,248	12,381,117
Cash Outlays
	Capital Expenditures					(185,000)	(334,000)	(77,500)	(28,000)	(28,000)	-	-	-	(10,500)	-	-	-	(10,500)	-	(3,500)	(17,000)	-	(50,000)	-	-	-	-	(300,000)	-	-	-	-	-	-	-	-	-	-	-	-	-	(100,000)	-	-	-	-	-	-	-	-	-	-	-	(100,000)	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Cash)					-	-	-	-	-	-	(1,191,800)	(893,850)	-	(2,681,550)	(1,787,700)	(1,117,313)	(893,850)	(934,073)	(976,108)	(1,020,032)	(1,065,934)	(1,113,901)	(3,490,610)	(2,917,569)	(1,164,782)	(3,837,254)	(2,969,988)	(2,324,237)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Systems Development & Support					(18,229)	(37,500)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(121,042)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(73,222)	(73,222)	(216,908)	(629,527)	(707,339)	(640,546)	(640,546)	(640,546)	(640,546)	(640,546)	(640,546)	(640,546)	(640,546)	(664,546)	(664,546)	(664,546)	(742,359)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(804,835)	(882,648)	(945,739)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(948,139)	(1,025,951)
	Customer Service					-	-	(3,646)	(26,042)	(42,396)	(42,396)	(42,396)	(42,396)	(48,542)	(48,542)	(48,542)	(114,917)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(57,422)	(123,797)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(60,293)	(126,668)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(63,308)	(129,683)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(66,473)	(132,848)
	Marketing					(300,000)	(319,271)	(332,813)	(432,813)	(632,813)	(732,813)	(1,482,813)	(1,482,813)	(2,490,625)	(4,990,625)	(4,890,625)	(4,848,750)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,692,167)	(1,750,292)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,462,550)	(1,520,675)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,309,701)	(1,367,826)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,244,515)	(1,302,640)
	G&A					(224,373)	(254,524)	(270,495)	(320,583)	(342,150)	(243,350)	(291,350)	(279,350)	(245,969)	(353,969)	(317,969)	(411,282)	(295,880)	(297,565)	(306,222)	(319,455)	(321,378)	(327,792)	(328,492)	(329,202)	(329,923)	(330,655)	(357,828)	(478,894)	(372,809)	(373,617)	(374,437)	(375,269)	(376,114)	(376,971)	(377,261)	(377,553)	(377,846)	(378,140)	(378,436)	(499,046)	(402,356)	(402,668)	(402,982)	(403,298)	(403,615)	(403,933)	(404,254)	(404,576)	(404,899)	(405,224)	(405,551)	(526,192)	(428,858)	(429,203)	(429,550)	(429,898)	(430,248)	(430,600)	(430,954)	(431,309)	(431,666)	(432,025)	(432,386)	(553,061)
	R&D					-	-	-	-	-	-	(1,955)	(3,421)	(3,421)	(7,820)	(10,753)	(12,585)	(39,955)	(14,013)	(15,517)	(28,055)	(29,642)	(70,708)	(72,500)	(74,326)	(76,178)	(78,057)	(79,964)	(81,898)	(86,376)	(333,172)	(88,367)	(90,389)	(92,440)	(94,523)	(96,637)	(98,782)	(100,938)	(103,104)	(105,281)	(107,468)	(116,619)	(117,390)	(628,188)	(118,531)	(120,402)	(122,708)	(125,029)	(127,363)	(129,712)	(132,076)	(134,401)	(136,738)	(141,860)	(144,221)	(146,594)	(963,924)	(148,979)	(151,376)	(153,786)	(156,208)	(157,348)	(158,932)	(160,853)	(162,872)
	Total					(727,602)	(945,294)	(727,682)	(850,666)	(1,088,588)	(1,061,788)	(3,053,543)	(2,745,059)	(2,842,286)	(8,125,735)	(7,098,818)	(6,625,888)	(3,035,165)	(3,040,631)	(3,096,327)	(3,179,522)	(3,211,934)	(3,357,381)	(5,686,581)	(5,143,908)	(3,393,694)	(6,212,463)	(6,086,895)	(5,466,457)	(2,622,574)	(2,870,178)	(2,626,193)	(2,629,047)	(2,631,943)	(2,634,883)	(2,637,287)	(2,639,724)	(2,666,173)	(2,668,634)	(2,671,106)	(2,996,216)	(2,796,819)	(2,697,902)	(3,209,014)	(2,699,673)	(2,701,861)	(2,704,486)	(2,707,127)	(2,709,783)	(2,712,456)	(2,715,145)	(2,717,796)	(3,043,087)	(2,927,445)	(2,832,551)	(2,835,270)	(3,652,949)	(2,838,354)	(2,841,103)	(2,843,866)	(2,846,644)	(2,848,141)	(2,850,085)	(2,852,366)	(3,177,373)
Interest*		6%				-	(3,638)	(8,383)	(12,063)	(16,377)	(21,901)	(27,320)	14,776	44,249	30,259	44,119	45,071	34,807	37,918	41,832	46,339	51,342	57,139	63,209	58,002	55,827	62,740	55,948	50,109	47,708	59,884	71,260	84,293	97,764	111,120	124,096	135,886	146,613	156,615	165,328	210,567	241,796	263,500	282,211	299,942	319,027	338,349	357,934	377,813	397,546	417,133	436,574	455,869	474,293	492,560	511,179	529,652	546,146	591,848	628,746	658,961	686,772	714,842	743,194	771,851
Rebates						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(51,076)	(126,522)	(251,403)	(364,686)	(435,789)	(568,883)	(792,075)	(775,006)	(876,169)	(921,829)	(852,776)	(1,037,395)	(1,094,241)	(1,151,238)	(1,208,394)	(1,264,563)	(1,321,045)	(1,377,914)	(1,435,040)	(1,411,827)	(1,524,197)	(1,581,138)	(1,639,559)	(1,494,593)	(1,725,759)	(1,761,740)	(1,806,977)	(1,854,844)	(1,903,041)	(1,950,921)	(1,998,488)	(1,967,205)
Net Cash from Operating Before Taxes						(727,602)	(948,932)	(736,065)	(862,729)	(1,104,964)	(1,083,689)	8,419,137	5,894,717	(2,798,037)	2,772,024	190,302	(2,052,692)	622,142	782,799	901,372	1,000,693	1,159,312	1,214,057	(1,041,356)	(435,159)	1,382,637	(1,358,411)	(1,167,765)	(480,221)	2,435,305	2,275,033	2,606,670	2,694,274	2,732,357	2,747,094	2,659,774	2,582,965	2,523,392	2,425,239	9,998,317	7,175,680	5,392,325	4,848,354	4,569,530	5,061,896	5,177,461	5,298,546	5,425,843	5,464,064	5,502,680	5,541,624	5,581,098	5,379,030	5,482,353	5,621,129	5,662,102	5,092,318	11,211,409	9,493,536	8,211,388	7,787,997	7,897,711	8,011,477	8,129,589	8,008,390
	Equity Financing (Enter Number as a Positive)
	Debt Financing (Enter Number as a Positive)					-
	Disbursements (Enter Number as a Negative)						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(61,291)	(151,826)	(301,684)	(437,623)	(522,947)	(682,659)	(950,490)	(930,008)	(1,051,403)	(1,106,195)	(1,023,331)	(1,244,874)	(1,313,089)	(1,381,486)	(1,450,073)	(1,517,476)	(1,585,254)	(1,653,497)	(1,722,048)	(1,694,193)	(1,829,036)	(1,897,366)	(1,967,471)	(1,793,511)	(2,070,911)	(2,114,087)	(2,168,373)	(2,225,813)	(2,283,649)	(2,341,105)	(2,398,185)	(2,360,646)
Cumulative Cash Balance After Disbursements						(727,602)	(1,676,535)	(2,412,600)	(3,275,329)	(4,380,293)	(5,463,983)	2,955,155	8,849,871	6,051,834	8,823,858	9,014,160	6,961,468	7,583,610	8,366,409	9,267,781	10,268,474	11,427,786	12,641,843	11,600,487	11,165,328	12,547,965	11,189,554	10,021,789	9,541,568	11,976,872	14,251,905	16,858,575	19,552,849	22,223,916	24,819,184	27,177,274	29,322,615	31,323,060	33,065,639	42,113,467	48,359,139	52,700,061	56,442,220	59,988,418	63,805,440	67,669,812	71,586,872	75,562,642	79,509,230	83,426,657	87,314,784	91,173,834	94,858,671	98,511,988	102,235,751	105,930,382	109,229,189	118,369,688	125,749,136	131,792,151	137,354,335	142,968,398	148,638,770	154,370,174	160,017,918
	Debt Balance					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
*Function as percent of previous period Cash Balance After Debt & Equity Financing and Disbursements Debt Balance.
Financing
	Debt
	Equity
Cash Balance
	ST Investments
	Cash
						gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM
						Balance Sheet												Balance Sheet												Balance Sheet												Balance Sheet												Balance Sheet
gTLD BALANCE SHEET
		Period				Year 1 Month 1	Year 1 Month 2	Year 1 Month 3	Year 1 Month 4	Year 1 Month 5	Year 1 Month 6	Year 1 Month 7	Year 1 Month 8	Year 1 Month 9	Year 1 Month 10	Year 1 Month 11	Year 1 Month 12	Year 2 Month 1	Year 2 Month 2	Year 2 Month 3	Year 2 Month 4	Year 2 Month 5	Year 2 Month 6	Year 2 Month 7	Year 2 Month 8	Year 2 Month 9	Year 2 Month 10	Year 2 Month 11	Year 2 Month 12	Year 3  Month 1	Year 3  Month 2	Year 3  Month 3	Year 3  Month 4	Year 3  Month 5	Year 3  Month 6	Year 3  Month 7	Year 3  Month 8	Year 3  Month 9	Year 3  Month 10	Year 3  Month 11	Year 3  Month 12	Year 4  Month 1	Year 4  Month 2	Year 4  Month 3	Year 4  Month 4	Year 4  Month 5	Year 4  Month 6	Year 4  Month 7	Year 4  Month 8	Year 4  Month 9	Year 4  Month 10	Year 4  Month 11	Year 4  Month 12	Year 5  Month 1	Year 5  Month 2	Year 5  Month 3	Year 5  Month 4	Year 5  Month 5	Year 5  Month 6	Year 5  Month 7	Year 5  Month 8	Year 5  Month 9	Year 5  Month 10	Year 5  Month 11	Year 5  Month 12
Current Assets:
Cash						$4,328,838	$3,395,882	$2,674,358	$1,889,367	$908,735	($153,778)	$9,311,556	$15,040,926	$12,216,346	$17,639,020	$17,280,520	$14,856,621	$13,718,177	$14,469,062	$15,350,832	$16,332,082	$17,461,511	$18,651,685	$18,731,338	$17,947,754	$18,395,762	$18,308,141	$16,702,627	$15,925,192	$16,971,098	$19,309,515	$21,719,352	$24,324,034	$26,888,634	$29,360,741	$31,578,950	$33,569,530	$35,401,720	$36,963,507	$45,819,688	$51,890,976	$55,822,601	$59,247,141	$62,707,164	$65,905,142	$69,382,620	$72,888,748	$76,429,031	$79,915,236	$83,347,608	$86,726,235	$90,051,537	$93,253,907	$96,249,904	$99,370,494	$102,438,931	$105,496,217	$113,558,250	$120,210,589	$125,480,048	$130,230,929	$134,998,455	$139,787,639	$144,602,833	$149,374,168
Accounts Receivable						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Pre-Paid Expense						$0	$0	$0	$0	$0	$0	$1,091,500	$1,809,825	$1,634,300	$3,914,650	$5,150,700	$5,622,331	$5,797,242	$5,935,240	$6,033,126	$6,093,516	$6,113,051	$6,088,653	$8,248,955	$9,667,430	$9,236,702	$11,380,632	$12,558,067	$12,989,084	$11,171,481	$9,432,840	$7,776,659	$6,206,589	$4,726,447	$3,340,222	$2,243,948	$1,389,858	$631,872	$192,681	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other Current Assets						$0	$0	$0	$0	$0	$0	$5,750	$10,063	$10,063	$23,000	$31,625	$37,016	$41,328	$45,835	$50,544	$55,465	$60,608	$65,982	$71,437	$76,974	$82,593	$88,297	$94,087	$99,963	$105,928	$111,982	$118,126	$124,363	$130,694	$137,119	$143,577	$150,067	$156,589	$163,144	$182,669	$184,977	$188,397	$194,005	$200,920	$207,877	$214,877	$221,920	$229,007	$235,978	$242,984	$250,027	$257,105	$264,219	$271,370	$278,558	$285,783	$293,044	$296,461	$301,210	$306,967	$313,020	$319,052	$325,060	$331,042	$336,994
Total Current Assets						$4,328,838	$3,395,882	$2,674,358	$1,889,367	$908,735	($153,778)	$10,408,806	$16,860,813	$13,860,709	$21,576,670	$22,462,845	$20,515,968	$19,556,747	$20,450,136	$21,434,502	$22,481,063	$23,635,170	$24,806,319	$27,051,730	$27,692,158	$27,715,057	$29,777,071	$29,354,781	$29,014,240	$28,248,507	$28,854,336	$29,614,137	$30,654,986	$31,745,775	$32,838,083	$33,966,475	$35,109,455	$36,190,181	$37,319,332	$46,002,357	$52,075,954	$56,010,998	$59,441,147	$62,908,084	$66,113,019	$69,597,496	$73,110,667	$76,658,038	$80,151,214	$83,590,592	$86,976,261	$90,308,642	$93,518,127	$96,521,275	$99,649,052	$102,724,713	$105,789,261	$113,854,711	$120,511,799	$125,787,014	$130,543,949	$135,317,507	$140,112,699	$144,933,875	$149,711,163
Fixed Assets:
Plant, Property, & Equipment						$185,000	$519,000	$596,500	$624,500	$652,500	$652,500	$652,500	$652,500	$663,000	$663,000	$663,000	$663,000	$673,500	$673,500	$677,000	$694,000	$694,000	$744,000	$744,000	$744,000	$744,000	$744,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,044,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,144,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000	$1,244,000
Accumulated Depreciation						$0	($5,139)	($19,556)	($36,125)	($53,472)	($71,597)	($89,722)	($107,847)	($125,972)	($144,389)	($162,806)	($181,222)	($199,639)	($218,347)	($237,056)	($255,861)	($275,139)	($294,417)	($315,083)	($335,750)	($356,417)	($377,083)	($397,750)	($426,750)	($455,750)	($484,750)	($513,750)	($542,750)	($571,750)	($600,750)	($629,750)	($658,750)	($687,750)	($716,750)	($745,750)	($774,750)	($803,750)	($830,389)	($847,750)	($862,958)	($877,389)	($891,042)	($904,694)	($918,347)	($932,000)	($945,361)	($958,722)	($972,083)	($985,444)	($1,001,292)	($1,017,139)	($1,032,889)	($1,048,167)	($1,063,444)	($1,077,333)	($1,091,222)	($1,105,111)	($1,119,000)	($1,132,889)	($1,138,444)
Total Fixed Assets						$185,000	$513,861	$576,944	$588,375	$599,028	$580,903	$562,778	$544,653	$537,028	$518,611	$500,194	$481,778	$473,861	$455,153	$439,944	$438,139	$418,861	$449,583	$428,917	$408,250	$387,583	$366,917	$646,250	$617,250	$588,250	$559,250	$530,250	$501,250	$472,250	$443,250	$414,250	$385,250	$356,250	$327,250	$298,250	$269,250	$340,250	$313,611	$296,250	$281,042	$266,611	$252,958	$239,306	$225,653	$212,000	$198,639	$185,278	$171,917	$258,556	$242,708	$226,861	$211,111	$195,833	$180,556	$166,667	$152,778	$138,889	$125,000	$111,111	$105,556
Total Assets						$4,513,838	$3,909,743	$3,251,303	$2,477,742	$1,507,762	$427,124	$10,971,584	$17,405,466	$14,397,737	$22,095,281	$22,963,039	$20,997,745	$20,030,608	$20,905,289	$21,874,446	$22,919,202	$24,054,031	$25,255,903	$27,480,646	$28,100,408	$28,102,641	$30,143,988	$30,001,031	$29,631,490	$28,836,757	$29,413,586	$30,144,387	$31,156,236	$32,218,025	$33,281,333	$34,380,725	$35,494,705	$36,546,431	$37,646,582	$46,300,607	$52,345,204	$56,351,248	$59,754,758	$63,204,334	$66,394,060	$69,864,108	$73,363,626	$76,897,343	$80,376,866	$83,802,592	$87,174,900	$90,493,920	$93,690,043	$96,779,830	$99,891,761	$102,951,574	$106,000,372	$114,050,545	$120,692,354	$125,953,681	$130,696,727	$135,456,396	$140,237,699	$145,044,986	$149,816,718
Current Liabilities:
Accounts Payable						266,440	285,092	296,202	365,778	476,488	477,088	1,472,966	1,318,724	1,358,365	4,005,340	3,491,881	3,169,383	1,448,020	1,456,003	1,480,497	1,510,094	1,534,800	1,572,024	2,761,624	2,476,372	1,601,265	2,938,806	2,560,546	2,314,294	971,969	1,095,771	973,779	975,205	976,654	978,124	979,326	980,544	981,768	982,999	984,235	1,060,756	942,314	942,856	1,198,412	943,741	944,835	946,148	947,468	948,796	950,132	951,477	952,803	1,029,415	954,127	955,480	956,839	1,365,679	958,381	959,756	961,137	962,526	963,275	964,246	965,387	1,041,857
Unearned Revenue						-	-	-	-	-	-	11,327,500	19,627,625	19,285,500	29,422,750	35,627,000	38,918,156	41,156,583	43,408,451	45,671,366	47,954,439	50,255,322	52,572,399	54,774,927	56,861,273	58,829,781	60,678,780	62,406,577	64,011,453	65,491,571	66,845,057	68,070,008	69,164,500	70,126,573	70,954,246	71,593,453	72,043,291	72,302,849	72,371,226	79,578,754	84,149,510	86,693,472	88,431,539	90,083,649	91,653,778	93,146,098	94,565,032	95,915,232	97,110,243	98,149,745	99,033,421	99,760,966	100,332,073	100,746,443	101,003,784	101,103,806	101,046,237	106,393,923	109,858,478	111,860,107	113,256,991	114,584,407	115,847,073	117,049,960	118,198,301
Other Current Liabilities						$0	$0	$0	$0	$0	$0	$5,750	$10,063	$10,063	$23,000	$31,625	$37,016	$41,328	$45,835	$50,544	$55,465	$60,608	$65,982	$71,437	$76,974	$82,593	$88,297	$94,087	$99,963	$105,928	$111,982	$118,126	$124,363	$130,694	$137,119	$143,577	$150,067	$156,589	$163,144	$182,669	$184,977	$188,397	$194,005	$200,920	$207,877	$214,877	$221,920	$229,007	$235,978	$242,984	$250,027	$257,105	$264,219	$271,370	$278,558	$285,783	$293,044	$296,461	$301,210	$306,967	$313,020	$319,052	$325,060	$331,042	$336,994
Total Current Liabilities						$266,440	$285,092	$296,202	$365,778	$476,488	$477,088	$12,806,216	$20,956,411	$20,653,928	$33,451,090	$39,150,506	$42,124,555	$42,645,932	$44,910,289	$47,202,406	$49,519,999	$51,850,731	$54,210,405	$57,607,988	$59,414,619	$60,513,639	$63,705,883	$65,061,210	$66,425,710	$66,569,467	$68,052,809	$69,161,913	$70,264,069	$71,233,921	$72,069,489	$72,716,355	$73,173,901	$73,441,206	$73,517,369	$80,745,658	$85,395,243	$87,824,183	$89,568,401	$91,482,981	$92,805,396	$94,305,810	$95,733,099	$97,091,707	$98,295,017	$99,342,862	$100,234,925	$100,970,873	$101,625,707	$101,971,940	$102,237,821	$102,346,428	$102,704,959	$107,648,765	$111,119,444	$113,128,211	$114,532,537	$115,866,734	$117,136,380	$118,346,389	$119,577,152
Long-Term Liabilities:
Bank Loans						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other Long-Term Liabilities						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Long-Term Liabilities						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Owner Equity:
Equity Contributions						$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000	$4,790,000
Retained Earnings / (Loss) - After Tax						(542,602)	(1,165,348)	(1,834,900)	(2,678,035)	(3,758,726)	(4,839,964)	(6,624,632)	(8,340,945)	(11,046,191)	(16,145,809)	(20,977,467)	(25,916,809)	(27,405,324)	(28,795,000)	(30,117,960)	(31,390,797)	(32,586,700)	(33,744,502)	(34,917,342)	(36,104,211)	(37,200,998)	(38,351,896)	(39,850,179)	(41,584,221)	(42,522,710)	(43,429,223)	(43,807,526)	(43,897,833)	(43,805,896)	(43,578,156)	(43,125,631)	(42,469,196)	(41,684,775)	(40,660,787)	(39,235,051)	(37,840,040)	(36,262,935)	(34,603,643)	(33,068,646)	(31,201,336)	(29,231,702)	(27,159,473)	(24,984,364)	(22,708,151)	(20,330,270)	(17,850,025)	(15,266,953)	(12,725,664)	(9,982,110)	(7,136,061)	(4,184,854)	(1,494,587)	1,611,779	4,782,911	8,035,470	11,374,189	14,799,662	18,311,319	21,908,597	25,449,566
Total Owner Equity						$4,247,398	$3,624,652	$2,955,100	$2,111,965	$1,031,274	($49,964)	($1,834,632)	($3,550,945)	($6,256,191)	($11,355,809)	($16,187,467)	($21,126,809)	($22,615,324)	($24,005,000)	($25,327,960)	($26,600,797)	($27,796,700)	($28,954,502)	($30,127,342)	($31,314,211)	($32,410,998)	($33,561,896)	($35,060,179)	($36,794,221)	($37,732,710)	($38,639,223)	($39,017,526)	($39,107,833)	($39,015,896)	($38,788,156)	($38,335,631)	($37,679,196)	($36,894,775)	($35,870,787)	($34,445,051)	($33,050,040)	($31,472,935)	($29,813,643)	($28,278,646)	($26,411,336)	($24,441,702)	($22,369,473)	($20,194,364)	($17,918,151)	($15,540,270)	($13,060,025)	($10,476,953)	($7,935,664)	($5,192,110)	($2,346,061)	$605,146	$3,295,413	$6,401,779	$9,572,911	$12,825,470	$16,164,189	$19,589,662	$23,101,319	$26,698,597	$30,239,566
Total Equity & Liabilities						$4,513,838	$3,909,743	$3,251,303	$2,477,742	$1,507,762	$427,124	$10,971,584	$17,405,466	$14,397,737	$22,095,281	$22,963,039	$20,997,745	$20,030,608	$20,905,289	$21,874,446	$22,919,202	$24,054,031	$25,255,903	$27,480,646	$28,100,408	$28,102,641	$30,143,988	$30,001,031	$29,631,490	$28,836,757	$29,413,586	$30,144,387	$31,156,236	$32,218,025	$33,281,333	$34,380,725	$35,494,705	$36,546,431	$37,646,582	$46,300,607	$52,345,204	$56,351,248	$59,754,758	$63,204,334	$66,394,060	$69,864,108	$73,363,626	$76,897,343	$80,376,866	$83,802,592	$87,174,900	$90,493,920	$93,690,043	$96,779,830	$99,891,761	$102,951,574	$106,000,372	$114,050,545	$120,692,354	$125,953,681	$130,696,727	$135,456,396	$140,237,699	$145,044,986	$149,816,718
						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Balance Sheet Assumptions - Working Capital
Accounts Receivable						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable as a % of Revenue (Cash)						0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Accounts Receivable - Collection Days						0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accts Payable Registry Operator (Core Registration Expense)						-	-	-	-	-	-	595,900	446,925	-	1,340,775	893,850	558,656	446,925	467,037	488,054	510,016	532,967	556,950	1,745,305	1,458,785	582,391	1,918,627	1,484,994	1,162,118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Payable as a % of Core Registry Expense (As Defined Above)						0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	50.0%	50.0%	0.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Accounts Payable - Holding Days						15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15
Accts Payable Labor						4,253	17,986	25,278	39,861	47,080	47,080	47,080	47,080	50,337	50,337	50,337	125,616	56,273	56,273	57,677	62,271	62,271	71,458	71,458	71,458	71,458	71,458	112,292	187,571	117,906	117,906	117,906	117,906	117,906	117,906	117,906	117,906	117,906	117,906	117,906	193,185	140,121	140,121	140,121	140,121	140,121	140,121	140,121	140,121	140,121	140,121	140,121	215,400	164,262	164,262	164,262	164,262	164,262	164,262	164,262	164,262	164,262	164,262	164,262	239,541
Salaries Payable as a % of Total Salary Expense						23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%	23%
Salaries Payable - Holding Days						7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7
Accts Payable (All OPS Expense Excluding Labor, Registry Operator, and Depr. & Amort.)						262,187	267,106	270,925	325,917	429,409	430,009	829,986	824,719	1,308,029	2,614,228	2,547,694	2,485,111	944,822	932,693	934,766	937,808	939,562	943,615	944,861	946,129	947,415	948,721	963,261	964,605	854,063	977,865	855,872	857,299	858,747	860,217	861,419	862,638	863,862	865,093	866,329	867,571	802,193	802,735	1,058,291	803,620	804,714	806,027	807,347	808,675	810,012	811,356	812,682	814,015	789,865	791,217	792,577	1,201,416	794,119	795,494	796,875	798,264	799,013	799,984	801,125	802,316
Accounts Payable as a % of Ops Expense (As Defined Above)						50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%	50.0%
Accounts Payable - Holding Days						15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15
Other Current Assets						-	-	-	-	-	-	5,750	10,063	10,063	23,000	31,625	37,016	41,328	45,835	50,544	55,465	60,608	65,982	71,437	76,974	82,593	88,297	94,087	99,963	105,928	111,982	118,126	124,363	130,694	137,119	143,577	150,067	156,589	163,144	182,669	184,977	188,397	194,005	200,920	207,877	214,877	221,920	229,007	235,978	242,984	250,027	257,105	264,219	271,370	278,558	285,783	293,044	296,461	301,210	306,967	313,020	319,052	325,060	331,042	336,994
Other Current Assets as a % of Revenue (Accrual)						3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%
Other Current Liabilities						-	-	-	-	-	-	5,750	10,063	10,063	23,000	31,625	37,016	41,328	45,835	50,544	55,465	60,608	65,982	71,437	76,974	82,593	88,297	94,087	99,963	105,928	111,982	118,126	124,363	130,694	137,119	143,577	150,067	156,589	163,144	182,669	184,977	188,397	194,005	200,920	207,877	214,877	221,920	229,007	235,978	242,984	250,027	257,105	264,219	271,370	278,558	285,783	293,044	296,461	301,210	306,967	313,020	319,052	325,060	331,042	336,994
Other Current Liabilities as a % of Revenue (Accrual)						3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%
						gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM
						Cash Flow Statement												Cash Flow Statement												Cash Flow Statement												Cash Flow Statement												Cash Flow Statement
gTLD CASH FLOW STATEMENT
		Period				Year 1 Month 1	Year 1 Month 2	Year 1 Month 3	Year 1 Month 4	Year 1 Month 5	Year 1 Month 6	Year 1 Month 7	Year 1 Month 8	Year 1 Month 9	Year 1 Month 10	Year 1 Month 11	Year 1 Month 12	Year 2 Month 1	Year 2 Month 2	Year 2 Month 3	Year 2 Month 4	Year 2 Month 5	Year 2 Month 6	Year 2 Month 7	Year 2 Month 8	Year 2 Month 9	Year 2 Month 10	Year 2 Month 11	Year 2 Month 12	Year 3  Month 1	Year 3  Month 2	Year 3  Month 3	Year 3  Month 4	Year 3  Month 5	Year 3  Month 6	Year 3  Month 7	Year 3  Month 8	Year 3  Month 9	Year 3  Month 10	Year 3  Month 11	Year 3  Month 12	Year 4  Month 1	Year 4  Month 2	Year 4  Month 3	Year 4  Month 4	Year 4  Month 5	Year 4  Month 6	Year 4  Month 7	Year 4  Month 8	Year 4  Month 9	Year 4  Month 10	Year 4  Month 11	Year 4  Month 12	Year 5  Month 1	Year 5  Month 2	Year 5  Month 3	Year 5  Month 4	Year 5  Month 5	Year 5  Month 6	Year 5  Month 7	Year 5  Month 8	Year 5  Month 9	Year 5  Month 10	Year 5  Month 11	Year 5  Month 12
Cash From Operations:
Net Income After Taxes						(542,602)	(622,746)	(669,551)	(843,136)	(1,080,690)	(1,081,238)	(1,784,668)	(1,716,313)	(2,705,246)	(5,099,617)	(4,831,658)	(4,939,343)	(1,488,515)	(1,389,676)	(1,322,961)	(1,272,836)	(1,195,903)	(1,157,803)	(1,172,840)	(1,186,869)	(1,096,787)	(1,150,897)	(1,498,284)	(1,734,041)	(938,490)	(906,512)	(378,304)	(90,306)	91,937	227,740	452,525	656,434	784,421	1,023,989	1,425,735	1,395,011	1,577,105	1,659,292	1,534,996	1,867,311	1,969,633	2,072,229	2,175,110	2,276,213	2,377,881	2,480,245	2,583,072	2,541,289	2,743,554	2,846,049	2,951,207	2,690,267	3,106,366	3,171,131	3,252,559	3,338,719	3,425,473	3,511,657	3,597,278	3,540,968
Add-back:  Depreciation & Amortization						-	5,139	14,417	16,569	17,347	18,125	18,125	18,125	18,125	18,417	18,417	18,417	18,417	18,708	18,708	18,806	19,278	19,278	20,667	20,667	20,667	20,667	20,667	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	29,000	26,639	17,361	15,208	14,431	13,653	13,653	13,653	13,653	13,361	13,361	13,361	13,361	15,847	15,847	15,750	15,278	15,278	13,889	13,889	13,889	13,889	13,889	5,556
Change in Accounts Receivable						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Pre-Paid Expense						-	-	-	-	-	-	(1,091,500)	(718,325)	175,525	(2,280,350)	(1,236,050)	(471,631)	(174,910)	(137,999)	(97,886)	(60,390)	(19,535)	24,398	(2,160,302)	(1,418,475)	430,728	(2,143,931)	(1,177,434)	(431,018)	1,817,603	1,738,641	1,656,182	1,570,070	1,480,141	1,386,225	1,096,274	854,090	757,986	439,190	192,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Other Current Assets						-	-	-	-	-	-	(5,750)	(4,313)	-	(12,938)	(8,625)	(5,391)	(4,313)	(4,507)	(4,709)	(4,921)	(5,143)	(5,374)	(5,455)	(5,537)	(5,620)	(5,704)	(5,790)	(5,876)	(5,964)	(6,054)	(6,145)	(6,237)	(6,330)	(6,425)	(6,458)	(6,490)	(6,522)	(6,555)	(19,525)	(2,308)	(3,419)	(5,609)	(6,915)	(6,957)	(7,000)	(7,043)	(7,087)	(6,971)	(7,006)	(7,042)	(7,078)	(7,115)	(7,151)	(7,188)	(7,224)	(7,261)	(3,417)	(4,749)	(5,757)	(6,054)	(6,032)	(6,008)	(5,982)	(5,953)
Change in Accounts Payable						266,440	18,652	11,111	69,575	110,711	600	995,878	(154,242)	39,641	2,646,974	(513,459)	(322,498)	(1,721,363)	7,983	24,494	29,598	24,706	37,224	1,189,600	(285,252)	(875,107)	1,337,541	(378,260)	(246,252)	(1,342,325)	123,802	(121,992)	1,427	1,448	1,470	1,202	1,218	1,224	1,230	1,236	76,521	(118,442)	542	255,556	(254,671)	1,094	1,312	1,320	1,328	1,336	1,344	1,326	76,612	(75,288)	1,353	1,360	408,839	(407,297)	1,375	1,382	1,389	749	972	1,141	76,470
Change in Unearned Revenue						-	-	-	-	-	-	11,327,500	8,300,125	(342,125)	10,137,250	6,204,250	3,291,156	2,238,427	2,251,868	2,262,915	2,283,073	2,300,883	2,317,077	2,202,528	2,086,346	1,968,507	1,848,999	1,727,797	1,604,877	1,480,117	1,353,486	1,224,952	1,094,492	962,073	827,673	639,207	449,837	259,558	68,377	7,207,528	4,570,756	2,543,962	1,738,067	1,652,110	1,570,129	1,492,320	1,418,934	1,350,200	1,195,011	1,039,502	883,676	727,544	571,108	414,370	257,341	100,023	(57,570)	5,347,686	3,464,555	2,001,629	1,396,885	1,327,415	1,262,666	1,202,887	1,148,341
Change in Other Current Liabilities						-	-	-	-	-	-	5,750	4,313	-	12,938	8,625	5,391	4,313	4,507	4,709	4,921	5,143	5,374	5,455	5,537	5,620	5,704	5,790	5,876	5,964	6,054	6,145	6,237	6,330	6,425	6,458	6,490	6,522	6,555	19,525	2,308	3,419	5,609	6,915	6,957	7,000	7,043	7,087	6,971	7,006	7,042	7,078	7,115	7,151	7,188	7,224	7,261	3,417	4,749	5,757	6,054	6,032	6,008	5,982	5,953
Total Cash Flow from Operations						($276,162)	($598,956)	($644,024)	($756,991)	($952,632)	($1,062,513)	$9,465,335	$5,729,370	($2,814,080)	$5,422,674	($358,500)	($2,423,899)	($1,127,944)	$750,885	$885,270	$998,250	$1,129,429	$1,240,174	$79,653	($783,584)	$448,008	($87,621)	($1,305,514)	($777,435)	$1,045,906	$2,338,416	$2,409,838	$2,604,682	$2,564,600	$2,472,108	$2,218,209	$1,990,581	$1,832,190	$1,561,787	$8,856,181	$6,071,288	$4,031,625	$3,424,540	$3,460,023	$3,197,977	$3,477,478	$3,506,128	$3,540,283	$3,486,205	$3,432,372	$3,378,627	$3,325,303	$3,202,370	$3,095,997	$3,120,590	$3,068,437	$3,057,286	$8,062,033	$6,652,339	$5,269,459	$4,750,881	$4,767,526	$4,789,184	$4,815,195	$4,771,335
Cash From Investing Activities:
Capital Expenditures						($185,000)	($334,000)	($77,500)	($28,000)	($28,000)	$0	$0	$0	($10,500)	$0	$0	$0	($10,500)	$0	($3,500)	($17,000)	$0	($50,000)	$0	$0	$0	$0	($300,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($100,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($100,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Cash Flow from Investing Activities						($185,000)	($334,000)	($77,500)	($28,000)	($28,000)	$0	$0	$0	($10,500)	$0	$0	$0	($10,500)	$0	($3,500)	($17,000)	$0	($50,000)	$0	$0	$0	$0	($300,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($100,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($100,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Cash Flow Before Financing						($461,162)	($932,956)	($721,524)	($784,991)	($980,632)	($1,062,513)	$9,465,335	$5,729,370	($2,824,580)	$5,422,674	($358,500)	($2,423,899)	($1,138,444)	$750,885	$881,770	$981,250	$1,129,429	$1,190,174	$79,653	($783,584)	$448,008	($87,621)	($1,605,514)	($777,435)	$1,045,906	$2,338,416	$2,409,838	$2,604,682	$2,564,600	$2,472,108	$2,218,209	$1,990,581	$1,832,190	$1,561,787	$8,856,181	$6,071,288	$3,931,625	$3,424,540	$3,460,023	$3,197,977	$3,477,478	$3,506,128	$3,540,283	$3,486,205	$3,432,372	$3,378,627	$3,325,303	$3,202,370	$2,995,997	$3,120,590	$3,068,437	$3,057,286	$8,062,033	$6,652,339	$5,269,459	$4,750,881	$4,767,526	$4,789,184	$4,815,195	$4,771,335
Cash Flow From Financing Activities:
Proceeds from Equity Contributions
						$4,790,000
Debt (Bank Loans)
Debt (Other L-T)
Total Cash Flow From Financing Activities						$4,790,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Cash Flow from Ops, Investing & Financing						$4,328,838	($932,956)	($721,524)	($784,991)	($980,632)	($1,062,513)	$9,465,335	$5,729,370	($2,824,580)	$5,422,674	($358,500)	($2,423,899)	($1,138,444)	$750,885	$881,770	$981,250	$1,129,429	$1,190,174	$79,653	($783,584)	$448,008	($87,621)	($1,605,514)	($777,435)	$1,045,906	$2,338,416	$2,409,838	$2,604,682	$2,564,600	$2,472,108	$2,218,209	$1,990,581	$1,832,190	$1,561,787	$8,856,181	$6,071,288	$3,931,625	$3,424,540	$3,460,023	$3,197,977	$3,477,478	$3,506,128	$3,540,283	$3,486,205	$3,432,372	$3,378,627	$3,325,303	$3,202,370	$2,995,997	$3,120,590	$3,068,437	$3,057,286	$8,062,033	$6,652,339	$5,269,459	$4,750,881	$4,767,526	$4,789,184	$4,815,195	$4,771,335
Beginning Cash Balance						$0	$4,328,838	$3,395,882	$2,674,358	$1,889,367	$908,735	($153,778)	$9,311,556	$15,040,926	$12,216,346	$17,639,020	$17,280,520	$14,856,621	$13,718,177	$14,469,062	$15,350,832	$16,332,082	$17,461,511	$18,651,685	$18,731,338	$17,947,754	$18,395,762	$18,308,141	$16,702,627	$15,925,192	$16,971,098	$19,309,515	$21,719,352	$24,324,034	$26,888,634	$29,360,741	$31,578,950	$33,569,530	$35,401,720	$36,963,507	$45,819,688	$51,890,976	$55,822,601	$59,247,141	$62,707,164	$65,905,142	$69,382,620	$72,888,748	$76,429,031	$79,915,236	$83,347,608	$86,726,235	$90,051,537	$93,253,907	$96,249,904	$99,370,494	$102,438,931	$105,496,217	$113,558,250	$120,210,589	$125,480,048	$130,230,929	$134,998,455	$139,787,639	$144,602,833
Net Increase/(Decrease) in Cash						$4,328,838	($932,956)	($721,524)	($784,991)	($980,632)	($1,062,513)	$9,465,335	$5,729,370	($2,824,580)	$5,422,674	($358,500)	($2,423,899)	($1,138,444)	$750,885	$881,770	$981,250	$1,129,429	$1,190,174	$79,653	($783,584)	$448,008	($87,621)	($1,605,514)	($777,435)	$1,045,906	$2,338,416	$2,409,838	$2,604,682	$2,564,600	$2,472,108	$2,218,209	$1,990,581	$1,832,190	$1,561,787	$8,856,181	$6,071,288	$3,931,625	$3,424,540	$3,460,023	$3,197,977	$3,477,478	$3,506,128	$3,540,283	$3,486,205	$3,432,372	$3,378,627	$3,325,303	$3,202,370	$2,995,997	$3,120,590	$3,068,437	$3,057,286	$8,062,033	$6,652,339	$5,269,459	$4,750,881	$4,767,526	$4,789,184	$4,815,195	$4,771,335
Ending Cash Balance						$4,328,838	$3,395,882	$2,674,358	$1,889,367	$908,735	($153,778)	$9,311,556	$15,040,926	$12,216,346	$17,639,020	$17,280,520	$14,856,621	$13,718,177	$14,469,062	$15,350,832	$16,332,082	$17,461,511	$18,651,685	$18,731,338	$17,947,754	$18,395,762	$18,308,141	$16,702,627	$15,925,192	$16,971,098	$19,309,515	$21,719,352	$24,324,034	$26,888,634	$29,360,741	$31,578,950	$33,569,530	$35,401,720	$36,963,507	$45,819,688	$51,890,976	$55,822,601	$59,247,141	$62,707,164	$65,905,142	$69,382,620	$72,888,748	$76,429,031	$79,915,236	$83,347,608	$86,726,235	$90,051,537	$93,253,907	$96,249,904	$99,370,494	$102,438,931	$105,496,217	$113,558,250	$120,210,589	$125,480,048	$130,230,929	$134,998,455	$139,787,639	$144,602,833	$149,374,168
																																																															367816.01-nys1a