Detail of Statement and Uses of Cash																		Cash												Cash												Cash												Cash
	Confidence level								90%
												-	-
						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
Cash Revenues																		Basic period
	New Domains Registered - basic period	150,000
	Weighted Avg. Initial/basic Subscription Term 1	2.1 Years
	Sunrise Period Subscription Term (Only)	3.2 Years
	Renewal Rate	75%
	Weighted Avg. Renewal Term Following Initial Registration Period	1.5 Years
	Registration Fee Per Domain Name Year	$5.45
	Registry back end Fee per Name	$2.00
	Registration Period											Sunrise IP Period	Sunrise IP Period	Quiet Period	Initial Rollout	Initial Rollout	Initial Rollout	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic	Basic
	Year											1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5	5	5
	Month											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
	Monthly Growth %											-	-	-	-	-	-	-	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01
	New Registrations											112,500	75,038	0	150,000	112,500	93,750	75,000	76,500	78,030	79,591	81,182	82,806	84,048	85,309	86,589	87,887	89,206	90,544	91,902	93,280	94,680	96,100	97,541	99,004	99,994	100,994	102,004	103,024	104,055	105,095	106,146	107,208	108,280	109,362	110,456	111,561	112,118	112,679	113,242	113,809	114,378	114,950	115,524	116,102	116,682	117,266	117,852	118,441	118,441	118,441	118,441	118,441	118,441	118,441
	1st Renewal Period[1]											0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	225,000	168,750	140,625	112,500	115,875	119,351	122,932	126,620	130,418	302,429	249,577	140,446	143,957	147,556	151,245	155,026	158,902	162,875	166,946	171,120	175,398	178,906	182,484	186,134	189,857	193,654	197,527
	2ed Renewal Period											0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	168,750	126,563	105,469	84,375	86,906	89,513	92,199	94,965	97,814
	Sales + Renewals											112,500	75,038	0	150,000	112,500	93,750	75,000	76,500	78,030	79,591	81,182	82,806	84,048	85,309	86,589	87,887	89,206	90,544	91,902	93,280	94,680	96,100	97,541	99,004	99,994	100,994	102,004	215,524	188,430	175,408	162,396	164,583	166,802	169,055	171,343	173,665	259,530	232,939	178,184	179,724	181,282	182,857	184,451	186,062	187,692	273,716	254,289	245,429	235,625	237,219	238,837	240,480	242,148	243,841
	Cummulative Under Management											112,500	187,538	0	337,538	450,038	543,788	618,788	695,288	773,318	852,908	934,091	1,016,897	1,100,945	1,186,254	1,272,842	1,360,729	1,449,935	1,540,479	1,632,381	1,725,661	1,820,341	1,916,441	2,013,982	2,112,986	2,212,981	2,313,975	2,415,980	2,631,504	2,819,934	2,995,341	3,157,737	3,322,320	3,489,122	3,658,178	3,829,521	4,003,186	4,262,715	4,495,654	4,673,838	4,853,562	5,034,844	5,217,702	5,402,152	5,588,215	5,775,907	6,049,623	6,303,912	6,549,341	6,784,966	7,022,185	7,261,021	7,501,501	7,743,648	7,987,490
	Cash from New Registrations + Renewals											1,962,000	1,308,654	0	1,716,750	1,287,563	1,072,969	858,375	875,543	893,053	910,914	929,133	947,715	961,931	976,360	991,005	1,005,871	1,020,959	1,036,273	1,051,817	1,067,594	1,083,608	1,099,862	1,116,360	1,133,106	1,144,437	1,155,881	1,167,440	3,018,489	2,570,437	2,352,424	2,134,530	2,174,269	2,214,957	2,256,621	2,299,287	2,342,982	3,755,551	3,329,904	2,444,208	2,479,392	2,515,326	2,552,028	2,589,517	2,627,812	2,666,931	4,086,427	3,782,374	3,651,650	3,507,886	3,557,830	3,608,980	3,661,366	3,715,019	3,769,972
	Registry Cash Expenses- Based on fees paid to outsouced service providers and internal expenses											720,000	480,240	0	630,000	472,500	393,750	315,000	321,300	327,726	334,281	340,966	347,785	353,002	358,297	363,672	369,127	374,664	380,284	385,988	391,778	397,654	403,619	409,674	415,819	419,977	424,177	428,418	905,203	791,405	736,712	682,064	691,247	700,569	710,033	719,640	729,394	1,090,024	978,343	748,372	754,842	761,384	768,001	774,693	781,462	788,307	1,149,606	1,068,016	1,030,803	989,624	996,318	1,003,114	1,010,014	1,017,020	1,024,133
Total Registry Operational Cash												1,242,000	828,414	0	1,086,750	815,063	679,219	543,375	554,243	565,327	576,634	588,167	599,930	608,929	618,063	627,334	636,744	646,295	655,989	665,829	675,817	685,954	696,243	706,687	717,287	724,460	731,705	739,022	2,113,287	1,779,032	1,615,712	1,452,466	1,483,022	1,514,388	1,546,588	1,579,646	1,613,588	2,665,527	2,351,561	1,695,836	1,724,551	1,753,942	1,784,027	1,814,824	1,846,350	1,878,624	2,936,821	2,714,359	2,620,847	2,518,262	2,561,512	2,605,866	2,651,352	2,698,000	2,745,839
						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
Expenses
Systems Development & Support
	Office outfitting including computers and networking					6,000	10,000	16,000	12,000	8,000	2,000	-	6,000	-	-	6,000	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Office outfitting including computers and networking					6,000	10,000	16,000	12,000	8,000	2,000	-	6,000	-	-	6,000	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer Service
	Labor					-	-	3,646	21,771	33,333	36,042	36,042	42,396	42,396	42,396	48,750	112,813	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	115,006	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	117,299	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	119,694	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	122,198
	Other Customer Service
	Total Customer Service					-	-	3,646	21,771	33,333	36,042	36,042	42,396	42,396	42,396	48,750	112,813	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	50,944	115,006	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	53,236	117,299	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	55,632	119,694	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	58,135	122,198
Marketing & Sales
	Labor					-	-	20,625	20,625	20,625	20,625	20,625	28,438	28,438	28,438	36,250	85,688	37,881	37,881	37,881	37,881	37,881	37,881	37,881	37,881	37,881	37,881	37,881	87,319	39,586	39,586	39,586	39,586	39,586	39,586	39,586	39,586	39,586	39,586	39,586	89,023	41,367	41,367	41,367	41,367	41,367	41,367	41,367	41,367	41,367	41,367	41,367	90,805	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	92,666
	Media					-	-	-	-	-	-	112,500	75,038	-	150,000	112,500	93,750	75,000	76,500	78,030	79,591	81,182	82,806	84,048	85,309	86,589	87,887	89,206	90,544	91,902	93,280	94,680	96,100	97,541	99,004	99,994	100,994	102,004	215,524	188,430	175,408	162,396	164,583	166,802	169,055	171,343	173,665	259,530	232,939	178,184	179,724	181,282	182,857	184,451	186,062	187,692	273,716	254,289	245,429	235,625	237,219	238,837	240,480	242,148	243,841
	Co-op Advertising					-	-	-	-	-	-	28,125	18,759	-	37,500	28,125	23,438	18,750	19,125	19,508	19,898	20,296	20,702	21,012	21,327	21,647	21,972	22,301	22,636	22,975	23,320	23,670	24,025	24,385	24,751	24,999	25,249	25,501	53,881	47,107	43,852	40,599	41,146	41,701	42,264	42,836	43,416	64,882	58,235	44,546	44,931	45,320	45,714	46,113	46,516	46,923	68,429	63,572	61,357	58,906	59,305	59,709	60,120	60,537	60,960
	Production					-	-	-	-	-	-	22,500	15,008	-	30,000	22,500	18,750	15,000	15,300	15,606	15,918	16,236	16,561	16,810	17,062	17,318	17,577	17,841	18,109	18,380	18,656	18,936	19,220	19,508	19,801	19,999	20,199	20,401	43,105	37,686	35,082	32,479	32,917	33,360	33,811	34,269	34,733	51,906	46,588	35,637	35,945	36,256	36,571	36,890	37,212	37,538	54,743	50,858	49,086	47,125	47,444	47,767	48,096	48,430	48,768
	Research					-	-	-	-	-	-	11,250	7,504	-	15,000	11,250	9,375	7,500	7,650	7,803	7,959	8,118	8,281	8,405	8,531	8,659	8,789	8,921	9,054	9,190	9,328	9,468	9,610	9,754	9,900	9,999	10,099	10,200	21,552	18,843	17,541	16,240	16,458	16,680	16,906	17,134	17,367	25,953	23,294	17,818	17,972	18,128	18,286	18,445	18,606	18,769	27,372	25,429	24,543	23,562	23,722	23,884	24,048	24,215	24,384
	Agency Fee					-	-	-	-	25,000	50,000	22,500	15,008	-	30,000	22,500	18,750	15,000	15,300	15,606	15,918	16,236	16,561	16,810	17,062	17,318	17,577	17,841	18,109	18,380	18,656	18,936	19,220	19,508	19,801	19,999	20,199	20,401	43,105	37,686	35,082	32,479	32,917	33,360	33,811	34,269	34,733	51,906	46,588	35,637	35,945	36,256	36,571	36,890	37,212	37,538	54,743	50,858	49,086	47,125	47,444	47,767	48,096	48,430	48,768
	Public Relations					-	-	-	-	25,000	50,000	56,250	37,519	-	75,000	56,250	46,875	37,500	38,250	39,015	39,795	40,591	41,403	42,024	42,654	43,294	43,944	44,603	45,272	45,951	46,640	47,340	48,050	48,771	49,502	49,997	50,497	51,002	107,762	94,215	87,704	81,198	82,291	83,401	84,528	85,671	86,833	129,765	116,469	89,092	89,862	90,641	91,429	92,225	93,031	93,846	136,858	127,145	122,715	117,812	118,609	119,418	120,240	121,074	121,921
	Total Marketing & Sales					-	-	20,625	20,625	70,625	120,625	273,750	197,272	28,438	365,938	289,375	296,625	206,631	210,006	213,449	216,960	220,542	224,195	226,990	229,826	232,705	235,628	238,594	291,042	246,365	249,467	252,615	255,810	259,054	262,346	264,573	266,823	269,096	524,516	463,553	483,691	406,759	411,678	416,672	421,742	426,889	432,114	625,309	565,480	442,281	445,747	449,252	502,234	458,243	461,869	465,536	659,089	615,380	595,444	573,385	576,971	580,611	584,308	588,061	641,309
General & Administrative
	Labor					28,125	38,229	55,313	64,896	68,438	68,438	68,438	68,438	68,438	68,438	68,438	164,313	71,517	71,517	71,517	71,517	71,517	71,517	71,517	71,517	71,517	71,517	71,517	167,392	74,735	74,735	74,735	74,735	74,735	74,735	74,735	74,735	74,735	74,735	74,735	170,610	78,099	78,099	78,099	78,099	78,099	78,099	78,099	78,099	78,099	78,099	78,099	173,974	81,613	81,613	81,613	81,613	81,613	81,613	81,613	81,613	81,613	81,613	81,613	177,488
	Rent					1,407	3,752	7,504	10,318	12,194	12,663	12,663	14,070	14,070	14,070	15,477	15,477	15,477	15,477	15,477	15,477	15,477	15,946	15,946	15,946	15,946	15,946	15,946	15,946	15,946	15,946	15,946	15,946	15,946	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415	16,415
	Telecommunications					12,125	12,334	12,669	12,920	13,087	13,129	13,129	13,254	13,254	13,254	13,379	13,379	13,379	13,379	13,379	13,379	13,379	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,421	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463	13,463
	Materials & Supplies					570	1,520	3,040	4,180	4,940	5,130	5,130	5,700	5,700	5,700	6,270	6,270	6,521	6,521	6,521	6,521	6,521	6,718	6,718	6,718	6,718	6,718	6,718	6,718	6,987	6,987	6,987	6,987	6,987	7,193	7,193	7,193	7,193	7,193	7,193	7,193	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,480	7,780	7,780	7,780	7,780	7,780	7,780	7,780	7,780	7,780	7,780	7,780	7,780
	Travel & Entertainment					50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	52,500	52,500	52,500	52,500	52,500	52,500	52,500	52,500	52,500	52,500	52,500	52,500	55,125	55,125	55,125	55,125	55,125	55,125	55,125	55,125	55,125	55,125	55,125	55,125	57,881	57,881	57,881	57,881	57,881	57,881	57,881	57,881	57,881	57,881	57,881	57,881	60,775	60,775	60,775	60,775	60,775	60,775	60,775	60,775	60,775	60,775	60,775	60,775
	Seminars & Conferences					12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,312	13,844	13,844	13,844	13,844	13,844	13,844	13,844	13,844	13,844	13,844	13,844	13,844	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,398	14,974	14,974	14,974	14,974	14,974	14,974	14,974	14,974	14,974	14,974	14,974	14,974
	Insurance					5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,624	5,849	5,849	5,849	5,849	5,849	5,849	5,849	5,849	5,849	5,849	5,849	5,849
	Facility Maintenance & Other					-	4,200	4,200	4,200	4,200	4,200	4,200	4,200	4,200	4,200	4,200	4,200	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,368	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,543	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,724	4,913	4,913	4,913	4,913	4,913	4,913	4,913	4,913	4,913	4,913	4,913	4,913
	Legal Services					6,000	6,024	6,048	6,072	6,097	6,121	6,145	6,170	6,195	6,219	6,244	6,269	6,294	6,320	6,345	6,370	6,396	6,421	6,447	6,473	6,499	6,525	6,551	6,577	6,603	6,630	6,656	6,683	6,710	6,736	6,763	6,790	6,818	6,845	6,872	6,900	6,927	6,955	6,983	7,011	7,039	7,067	7,095	7,124	7,152	7,181	7,209	7,238	7,267	7,296	7,325	7,355	7,384	7,414	7,443	7,473	7,503	7,533	7,563	7,593
	Financial & Accounting Services					5,800	5,823	5,846	5,870	5,893	5,917	5,941	5,964	5,988	6,012	6,036	6,060	6,085	6,109	6,133	6,158	6,183	6,207	6,232	6,257	6,282	6,307	6,332	6,358	6,383	6,409	6,434	6,460	6,486	6,512	6,538	6,564	6,590	6,617	6,643	6,670	6,696	6,723	6,750	6,777	6,804	6,831	6,859	6,886	6,914	6,941	6,969	6,997	7,025	7,053	7,081	7,110	7,138	7,167	7,195	7,224	7,253	7,282	7,311	7,340
	Other Outside Services					2,700	2,711	2,722	2,733	2,743	2,754	2,765	2,777	2,788	2,799	2,810	2,821	2,832	2,844	2,855	2,867	2,878	2,890	2,901	2,913	2,924	2,936	2,948	2,960	2,971	2,983	2,995	3,007	3,019	3,031	3,044	3,056	3,068	3,080	3,093	3,105	3,117	3,130	3,142	3,155	3,167	3,180	3,193	3,206	3,218	3,231	3,244	3,257	3,270	3,283	3,296	3,310	3,323	3,336	3,350	3,363	3,376	3,390	3,403	3,417
	Trademark Review					-	-	-	-	-	-	7,875	5,253	-	10,500	7,875	6,563	5,250	5,408	5,570	5,737	5,909	6,086	6,238	6,394	6,554	6,718	6,886	7,058	7,235	7,415	7,601	7,791	7,986	8,185	8,349	8,516	8,686	16,735	14,943	14,140	13,340	13,646	13,959	14,280	14,609	14,946	21,122	19,430	15,771	16,056	16,348	16,644	16,947	17,256	17,570	23,797	22,647	22,242	21,688	21,965	22,246	22,534	22,827	23,126
	Site Hosting, Connectivity, and Devel. & Maint.					-	-	-	4,750	4,750	4,750	4,750	4,750	4,750	4,750	4,750	4,750	4,940	4,940	4,940	4,940	4,940	4,940	4,940	4,940	4,940	4,940	4,940	4,940	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,138	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,343	5,557	5,557	5,557	5,557	5,557	5,557	5,557	5,557	5,557	5,557	5,557	5,557
	Other General & Administrative					7,800	8,300	11,500	12,100	12,500	12,600	12,600	12,900	12,900	12,900	13,200	13,200	13,596	13,596	13,596	13,596	13,596	13,696	13,696	13,696	13,696	13,696	13,696	13,696	14,108	14,108	14,108	14,108	14,108	14,208	14,208	14,208	14,208	14,208	14,208	14,208	14,636	14,636	14,636	14,636	14,636	14,636	14,636	14,636	14,636	14,636	14,636	14,636	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400	13,400
	Total G&A					132,327	150,694	176,642	195,838	202,642	203,501	211,436	211,275	206,082	216,642	216,479	311,102	221,272	221,490	221,714	221,942	222,176	223,223	223,437	223,656	223,878	224,105	224,336	320,446	232,448	232,693	232,942	233,196	233,456	234,537	234,765	234,998	235,234	243,348	241,623	336,761	248,145	248,518	248,899	249,288	249,684	250,088	256,333	254,710	251,119	251,474	251,835	348,076	259,249	259,628	260,013	266,310	265,232	264,898	264,416	264,764	265,118	265,478	265,844	362,091
Total Expenses						138,327	160,694	216,912	250,234	314,600	362,168	521,227	456,943	276,915	624,975	560,604	720,540	478,847	482,440	486,106	489,846	493,661	500,362	501,371	504,426	507,527	510,676	513,873	726,495	532,049	535,396	538,793	542,243	545,746	552,119	552,575	555,057	557,566	821,100	758,412	937,750	710,536	715,828	721,203	726,661	732,205	737,834	937,274	875,821	749,032	752,853	756,718	970,005	775,627	779,632	783,684	983,535	938,747	918,478	895,936	899,870	903,865	907,921	912,040	1,125,598
						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)					#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
Cash Outlays
	Capital Expenditures					(185,000)	(334,000)	(74,000)	(28,000)	(28,000)	-	-	-	(21,000)	-	-	-	-	-	(3,500)	(17,000)	-	(50,000)	-	-	-	-	(300,000)	-	-	-	-	-	-	-	-	-	-	-	-	-	(100,000)	-	-	-	-	-	-	-	-	-	-	-	(100,000)	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Cash)					-	-	-	-	-	-	(720,000)	(480,240)	-	(630,000)	(472,500)	(393,750)	(315,000)	(321,300)	(327,726)	(334,281)	(340,966)	(347,785)	(353,002)	(358,297)	(363,672)	(369,127)	(374,664)	(380,284)	(385,988)	(391,778)	(397,654)	(403,619)	(409,674)	(415,819)	(419,977)	(424,177)	(428,418)	(905,203)	(791,405)	(736,712)	(682,064)	(691,247)	(700,569)	(710,033)	(719,640)	(729,394)	(1,090,024)	(978,343)	(748,372)	(754,842)	(761,384)	(768,001)	(774,693)	(781,462)	(788,307)	(1,149,606)	(1,068,016)	(1,030,803)	(989,624)	(996,318)	(1,003,114)	(1,010,014)	(1,017,020)	(1,024,133)
	Systems Development & Support					(6,000)	(10,000)	(16,000)	(12,000)	(8,000)	(2,000)	-	(6,000)	-	-	(6,000)	-	-	-	-	-	-	(2,000)	-	-	-	-	-	-	-	-	-	-	-	(2,000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Customer Service					-	-	(3,646)	(21,771)	(33,333)	(36,042)	(36,042)	(42,396)	(42,396)	(42,396)	(48,750)	(112,813)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(50,944)	(115,006)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(53,236)	(117,299)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(55,632)	(119,694)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(58,135)	(122,198)
	Marketing					-	-	(20,625)	(20,625)	(70,625)	(120,625)	(273,750)	(197,272)	(28,438)	(365,938)	(289,375)	(296,625)	(206,631)	(210,006)	(213,449)	(216,960)	(220,542)	(224,195)	(226,990)	(229,826)	(232,705)	(235,628)	(238,594)	(291,042)	(246,365)	(249,467)	(252,615)	(255,810)	(259,054)	(262,346)	(264,573)	(266,823)	(269,096)	(524,516)	(463,553)	(483,691)	(406,759)	(411,678)	(416,672)	(421,742)	(426,889)	(432,114)	(625,309)	(565,480)	(442,281)	(445,747)	(449,252)	(502,234)	(458,243)	(461,869)	(465,536)	(659,089)	(615,380)	(595,444)	(573,385)	(576,971)	(580,611)	(584,308)	(588,061)	(641,309)
	G&A					(132,327)	(150,694)	(176,642)	(195,838)	(202,642)	(203,501)	(211,436)	(211,275)	(206,082)	(216,642)	(216,479)	(311,102)	(221,272)	(221,490)	(221,714)	(221,942)	(222,176)	(223,223)	(223,437)	(223,656)	(223,878)	(224,105)	(224,336)	(320,446)	(232,448)	(232,693)	(232,942)	(233,196)	(233,456)	(234,537)	(234,765)	(234,998)	(235,234)	(243,348)	(241,623)	(336,761)	(248,145)	(248,518)	(248,899)	(249,288)	(249,684)	(250,088)	(256,333)	(254,710)	(251,119)	(251,474)	(251,835)	(348,076)	(259,249)	(259,628)	(260,013)	(266,310)	(265,232)	(264,898)	(264,416)	(264,764)	(265,118)	(265,478)	(265,844)	(362,091)
	R&D					#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
	Total					#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
Interest*		6%				-	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
Rebates						#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
Net Cash from Operating Before Taxes						#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
	Equity Financing (Enter Number as a Positive)
	Debt Financing (Enter Number as a Positive)					-
	Disbursements (Enter Number as a Negative)						#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
Cumulative Cash Balance After Disbursements						#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!
	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
						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
Beginning Cash Balance & Additional Cash						1,003,111
Cash from Registrations less associated operational costs						-	-	-	-	-	-	1,242,000	828,414	-	1,086,750	815,063	679,219	543,375	554,243	565,327	576,634	588,167	599,930	608,929	618,063	627,334	636,744	646,295	655,989	665,829	675,817	685,954	696,243	706,687	717,287	724,460	731,705	739,022	2,113,287	1,779,032	1,615,712	1,452,466	1,483,022	1,514,388	1,546,588	1,579,646	1,613,588	2,665,527	2,351,561	1,695,836	1,724,551	1,753,942	1,784,027	1,814,824	1,846,350	1,878,624	2,936,821	2,714,359	2,620,847	2,518,262	2,561,512	2,605,866	2,651,352	2,698,000	2,745,839
Cash Expenses						138,327	160,694	216,912	250,234	314,600	362,168	521,227	456,943	276,915	624,975	560,604	720,540	478,847	482,440	486,106	489,846	493,661	500,362	501,371	504,426	507,527	510,676	513,873	726,495	532,049	535,396	538,793	542,243	545,746	552,119	552,575	555,057	557,566	821,100	758,412	937,750	710,536	715,828	721,203	726,661	732,205	737,834	937,274	875,821	749,032	752,853	756,718	970,005	775,627	779,632	783,684	983,535	938,747	918,478	895,936	899,870	903,865	907,921	912,040	1,125,598
Net Increase/(Decrease) in Cash						(138,327)	(160,694)	(216,912)	(250,234)	(314,600)	(362,168)	720,773	371,471	(276,915)	461,775	254,458	(41,321)	64,528	71,802	79,221	86,788	94,505	99,568	107,558	113,637	119,806	126,067	132,421	(70,505)	133,780	140,421	147,160	154,000	160,941	165,168	171,885	176,647	181,456	1,292,186	1,020,620	677,961	741,931	767,194	793,185	819,927	847,442	875,754	1,728,254	1,475,740	946,804	971,698	997,224	814,023	1,039,196	1,066,718	1,094,939	1,953,286	1,775,612	1,702,369	1,622,325	1,661,642	1,702,001	1,743,431	1,785,959	1,620,241
Ending Cash Balance						$864,784	$704,090	$487,178	$236,944	($77,656)	($439,824)	$280,948	$652,420	$375,504	$837,279	$1,091,737	$1,050,416	$1,114,944	$1,186,746	$1,265,968	$1,352,756	$1,447,261	$1,546,829	$1,654,387	$1,768,024	$1,887,831	$2,013,898	$2,146,320	$2,075,814	$2,209,594	$2,350,015	$2,497,176	$2,651,176	$2,812,116	$2,977,285	$3,149,170	$3,325,817	$3,507,273	$4,799,459	$5,820,079	$6,498,041	$7,239,971	$8,007,165	$8,800,350	$9,620,277	$10,467,719	$11,343,472	$13,071,726	$14,547,466	$15,494,270	$16,465,968	$17,463,191	$18,277,214	$19,316,411	$20,383,128	$21,478,068	$23,431,354	$25,206,965	$26,909,335	$28,531,660	$30,193,302	$31,895,303	$33,638,735	$35,424,694	$37,044,935

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[1]

starts 2 yrs. After initial rollout