10% 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
												571,429	428,571
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%	6.0%	6.0%	6.0%	6.0%	6.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%
	New Domains Registered	400,000										571,429	428,571		1,200,000	800,000	500,000	400,000	424,000	449,440	476,406	504,990	535,289	545,995	556,915	568,053	579,414	591,002	602,822	614,878	627,176	639,720	652,514	665,564	678,875	685,664	692,521	699,446	706,440	713,504	720,639	727,845	735,123	742,474	749,899	757,398	764,972	772,622	780,348	788,151	796,033	803,993	812,033	820,153	828,355	836,639	845,005	853,455	861,990	870,610	879,316	888,109	896,990	905,960	915,020
	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)											-	-	-	2,520,000	1,680,000	1,050,000	840,000	890,400	943,824	1,000,453	1,060,479	1,124,107	1,146,590	1,169,522	1,192,911	1,216,769	1,241,104	1,265,926	1,291,244	1,317,070	1,343,412	1,370,279	1,397,684	1,425,638	1,439,894	1,454,294	1,468,837	1,483,524	1,498,358	1,513,342	1,528,475	1,543,758	1,559,195	1,574,788	1,590,536	1,606,441	1,622,506	1,638,731	1,655,117	1,671,669	1,688,385	1,705,269	1,722,321	1,739,546	1,756,942	1,774,511	1,792,256	1,810,179	1,828,281	1,846,564	1,865,029	1,883,679	1,902,516	1,921,542
	Domain Years - Sunrise Period Subscriptions (Sales Units)											2,857,145	2,142,855
	New Domains Total Domain Years - (Sales Units)											2,857,145	2,142,855	-	2,520,000	1,680,000	1,050,000	840,000	890,400	943,824	1,000,453	1,060,479	1,124,107	1,146,590	1,169,522	1,192,911	1,216,769	1,241,104	1,265,926	1,291,244	1,317,070	1,343,412	1,370,279	1,397,684	1,425,638	1,439,894	1,454,294	1,468,837	1,483,524	1,498,358	1,513,342	1,528,475	1,543,758	1,559,195	1,574,788	1,590,536	1,606,441	1,622,506	1,638,731	1,655,117	1,671,669	1,688,385	1,705,269	1,722,321	1,739,546	1,756,942	1,774,511	1,792,256	1,810,179	1,828,281	1,846,564	1,865,029	1,883,679	1,902,516	1,921,542
	New Domains Up For  Renewal
	Initial Subscription Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200,000	800,000	500,000	400,000	424,000	449,440	476,406	504,990	535,289	545,995	556,915	568,053	579,414	591,002	602,822	614,878	627,176	639,720	652,514	665,564	678,875	685,664	692,521	699,446	706,440	713,504
	Second Renewal Period  Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	960,000	640,000	400,000	320,000	339,200	359,552	381,125	403,992
	Sunrise Subscription Terms Up For Renewal											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Rate	80%										-	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%	80%
	Domains Renewed after Initial Registration (Term 1 Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	960,000	640,000	400,000	320,000	339,200	359,552	381,125	403,992	428,231	436,796	445,532	454,442	463,531	472,802	482,258	491,902	501,741	511,776	522,011	532,451	543,100	548,531	554,017	559,557	565,152	570,803
	Second Renewal Period Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	768,000	512,000	320,000	256,000	271,360	287,642	304,900	323,194
	Domains Renewed (Sunrise Period Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	960,000	640,000	400,000	320,000	339,200	359,552	381,125	403,992	428,231	436,796	445,532	454,442	463,531	472,802	482,258	491,902	501,741	511,776	1,290,011	1,044,451	863,100	804,531	825,377	847,198	870,052	893,997
	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)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800,000	1,200,000	750,000	600,000	636,000	674,160	714,609	757,485	802,934	818,993	835,373	852,080	869,121	886,503	904,233	922,317	940,764	959,580	2,418,771	1,958,346	1,618,313	1,508,496	1,547,582	1,588,497	1,631,347	1,676,244
	Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Total Domain Years (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800,000	1,200,000	750,000	600,000	636,000	674,160	714,609	757,485	802,934	818,993	835,373	852,080	869,121	886,503	904,233	922,317	940,764	959,580	2,418,771	1,958,346	1,618,313	1,508,496	1,547,582	1,588,497	1,631,347	1,676,244
	Total Domains Under Management											571,429	1,000,000	1,000,000	2,200,000	3,000,000	3,500,000	3,900,000	4,324,000	4,773,440	5,249,846	5,754,836	6,290,125	6,836,120	7,393,035	7,961,088	8,540,502	9,131,504	9,734,326	10,349,204	10,976,380	11,616,100	12,268,614	12,934,178	13,613,053	14,298,717	14,991,238	15,690,684	16,397,124	16,870,628	17,431,267	18,059,112	18,714,235	19,371,909	20,031,920	20,694,037	21,358,011	22,023,575	22,694,724	23,371,492	24,053,914	24,742,025	25,435,857	26,135,446	26,840,825	27,552,029	28,269,090	28,800,042	29,400,919	30,055,754	30,733,938	31,415,702	32,100,893	32,789,340	33,480,861
	Total Domain Years (Sales Units)
	Total Domain Years - Term 1 Subscriptions (Sales Units)											-	-	-	2,520,000	1,680,000	1,050,000	840,000	890,400	943,824	1,000,453	1,060,479	1,124,107	1,146,590	1,169,522	1,192,911	1,216,769	1,241,104	1,265,926	1,291,244	1,317,070	1,343,412	1,370,279	1,397,684	1,425,638	1,439,894	1,454,294	1,468,837	1,483,524	1,498,358	1,513,342	1,528,475	1,543,758	1,559,195	1,574,788	1,590,536	1,606,441	1,622,506	1,638,731	1,655,117	1,671,669	1,688,385	1,705,269	1,722,321	1,739,546	1,756,942	1,774,511	1,792,256	1,810,179	1,828,281	1,846,564	1,865,029	1,883,679	1,902,516	1,921,542
	Total Domain Years - Renewal Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800,000	1,200,000	750,000	600,000	636,000	674,160	714,609	757,485	802,934	818,993	835,373	852,080	869,121	886,503	904,233	922,317	940,764	959,580	2,418,771	1,958,346	1,618,313	1,508,496	1,547,582	1,588,497	1,631,347	1,676,244
	Total Domain Years -From Sunrise Period Subscriptions (Sales Units)											2,857,145	2,142,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domain Years (Sales Units)											2,857,145	2,142,855	-	2,520,000	1,680,000	1,050,000	840,000	890,400	943,824	1,000,453	1,060,479	1,124,107	1,146,590	1,169,522	1,192,911	1,216,769	1,241,104	1,265,926	1,291,244	1,317,070	1,343,412	1,370,279	1,397,684	1,425,638	1,439,894	1,454,294	1,468,837	1,483,524	3,298,358	2,713,342	2,278,475	2,143,758	2,195,195	2,248,948	2,305,145	2,363,926	2,425,440	2,457,723	2,490,490	2,523,749	2,557,506	2,591,772	2,626,554	2,661,863	2,697,706	2,734,091	4,211,027	3,768,525	3,446,594	3,355,060	3,412,610	3,472,176	3,533,863	3,597,786
	Registration Fee Per Domain Name Year	$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)											-	-	-	14,490,000	9,660,000	6,037,500	4,830,000	5,119,800	5,426,988	5,752,602	6,097,754	6,463,615	6,592,890	6,724,749	6,859,240	6,996,424	7,136,349	7,279,076	7,424,652	7,573,150	7,724,619	7,879,107	8,036,685	8,197,416	8,279,393	8,362,191	8,445,810	8,530,263	8,615,561	8,701,716	8,788,728	8,876,610	8,965,374	9,055,030	9,145,581	9,237,037	9,329,411	9,422,702	9,516,923	9,612,098	9,708,215	9,805,298	9,903,347	10,002,387	10,102,416	10,203,435	10,305,469	10,408,529	10,512,616	10,617,741	10,723,916	10,831,154	10,939,467	11,048,867
	Total Registration Revenue Renewals Term 1 (Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,350,000	6,900,000	4,312,500	3,450,000	3,657,000	3,876,420	4,109,002	4,355,539	4,616,868	4,709,207	4,803,392	4,899,457	4,997,446	5,097,392	5,199,340	5,303,323	5,409,393	5,517,585	13,907,933	11,260,490	9,305,297	8,673,852	8,898,594	9,133,858	9,380,246	9,638,403
	Total Registration Revenue Sunrise Period Subscriptions (Cash)											16,428,584	12,321,416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Registration Revenue (Cash)											16,428,584	12,321,416	-	14,490,000	9,660,000	6,037,500	4,830,000	5,119,800	5,426,988	5,752,602	6,097,754	6,463,615	6,592,890	6,724,749	6,859,240	6,996,424	7,136,349	7,279,076	7,424,652	7,573,150	7,724,619	7,879,107	8,036,685	8,197,416	8,279,393	8,362,191	8,445,810	8,530,263	18,965,561	15,601,716	13,101,228	12,326,610	12,622,374	12,931,450	13,254,583	13,592,576	13,946,278	14,131,909	14,320,315	14,511,556	14,705,661	14,902,691	15,102,687	15,305,709	15,511,809	15,721,020	24,213,402	21,669,019	19,817,913	19,291,593	19,622,510	19,965,012	20,319,713	20,687,270
	Total Registration Revenue - Term 1 (Accrual)											-	-	-	575,000	958,333	1,197,917	1,389,583	1,592,750	1,808,107	2,036,385	2,278,359	2,534,852	2,796,474	3,063,329	3,335,521	3,613,157	3,896,346	4,185,198	4,479,827	4,780,349	5,086,881	5,399,544	5,718,460	6,043,755	6,372,302	6,704,135	7,039,286	7,377,789	7,719,676	7,489,982	7,455,408	7,568,071	7,732,173	7,888,333	8,035,896	8,174,167	8,302,408	8,419,832	8,535,865	8,650,442	8,763,497	8,874,960	8,984,762	9,092,830	9,199,090	9,303,466	9,405,881	9,506,255	9,604,506	9,700,551	9,797,556	9,895,531	9,994,485	10,094,430
	Total Registration Revenue Renewals - Term 1 (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575,000	958,333	1,197,917	1,389,583	1,592,750	1,808,107	2,036,385	2,278,359	2,534,852	2,796,474	3,063,329	3,335,521	3,613,157	3,896,346	4,185,198	4,479,827	4,780,349	5,086,881	5,284,544	5,526,794	5,804,171	6,094,385	6,385,585	6,677,665	6,970,512	7,264,004
	Total Registration Revenue - Sunrise Period Subscriptions (Accrual)											273,810	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167	479,167
	Total Registration Revenue (Accrual)											273,810	479,167	479,167	1,054,167	1,437,500	1,677,083	1,868,750	2,071,917	2,287,273	2,515,551	2,757,526	3,014,018	3,275,641	3,542,496	3,814,688	4,092,324	4,375,512	4,664,365	4,958,994	5,259,515	5,566,048	5,878,711	6,197,627	6,522,921	6,851,469	7,183,302	7,518,453	7,856,955	8,773,843	8,927,482	9,132,491	9,436,821	9,804,090	10,175,606	10,551,447	10,931,693	11,316,426	11,695,473	12,078,361	12,465,130	12,855,821	13,250,473	13,649,126	14,051,823	14,458,605	14,869,514	15,169,592	15,512,215	15,887,844	16,274,103	16,662,307	17,052,362	17,444,164	17,837,601
	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											11,429	8,571	-	24,000	16,000	10,000	8,000	8,480	8,989	9,528	10,100	10,706	10,920	11,138	11,361	11,588	11,820	12,056	12,298	12,544	12,794	13,050	13,311	13,578	13,713	13,850	13,989	14,129	14,270	14,413	14,557	14,702	14,849	14,998	15,148	15,299	15,452	15,607	15,763	15,921	16,080	16,241	16,403	16,567	16,733	16,900	17,069	17,240	17,412	17,586	17,762	17,940	18,119	18,300
	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)											5,714	4,286	-	12,000	8,000	5,000	4,000	4,240	4,494	4,764	5,050	5,353	5,460	5,569	5,681	5,794	5,910	6,028	6,149	6,272	6,397	6,525	6,656	6,789	6,857	6,925	6,994	7,064	7,135	7,206	7,278	7,351	7,425	7,499	7,574	7,650	7,726	7,803	7,882	7,960	8,040	8,120	8,202	8,284	8,366	8,450	8,535	8,620	8,706	8,793	8,881	8,970	9,060	9,150
	Total Transfer Revenue (Cash)											32,857	24,643	-	69,000	46,000	28,750	23,000	24,380	25,843	27,393	29,037	30,779	31,395	32,023	32,663	33,316	33,983	34,662	35,355	36,063	36,784	37,520	38,270	39,035	39,426	39,820	40,218	40,620	41,026	41,437	41,851	42,270	42,692	43,119	43,550	43,986	44,426	44,870	45,319	45,772	46,230	46,692	47,159	47,630	48,107	48,588	49,074	49,564	50,060	50,561	51,066	51,577	52,093	52,614
	Total Transfer Revenue (Accrual)											5,476	9,583	9,583	21,083	28,750	33,542	31,899	31,855	36,162	29,228	26,401	26,739	28,138	29,412	30,548	31,535	32,360	33,007	33,667	34,340	35,027	35,728	36,442	37,171	37,849	38,476	39,048	39,565	40,024	40,425	40,829	41,237	41,649	42,066	42,487	42,911	43,341	43,774	44,212	44,654	45,100	45,551	46,007	46,467	46,932	47,401	47,875	48,354	48,837	49,326	49,819	50,317	50,820	51,328
																																									447,763
	Fee to ICANN Per Sales Unit (Paid Annually)	$0.20										114,286	85,714	-	240,000	160,000	100,000	80,000	84,800	89,888	95,281	100,998	107,058	337,771	282,811	113,611	355,883	278,200	220,564	202,976	210,235	217,832	225,784	234,111	242,833	372,046	344,173	253,500	281,171	468,901	402,692	356,545	344,940	353,268	361,921	370,917	380,274	502,509	478,786	397,987	402,971	504,026	477,151	458,349	455,620	462,885	470,341	631,597	588,259	672,089	636,083	558,869	567,617	576,624	585,903
Registry Operator
	Registry Fees
	Total Sales Units - Term 1 (From Above)											-	-	-	2,520,000	1,680,000	1,050,000	840,000	890,400	943,824	1,000,453	1,060,479	1,124,107	1,146,590	1,169,522	1,192,911	1,216,769	1,241,104	1,265,926	1,291,244	1,317,070	1,343,412	1,370,279	1,397,684	1,425,638	1,439,894	1,454,294	1,468,837	1,483,524	1,498,358	1,513,342	1,528,475	1,543,758	1,559,195	1,574,788	1,590,536	1,606,441	1,622,506	1,638,731	1,655,117	1,671,669	1,688,385	1,705,269	1,722,321	1,739,546	1,756,942	1,774,511	1,792,256	1,810,179	1,828,281	1,846,564	1,865,029	1,883,679	1,902,516	1,921,542
	Total Sales Units - Term 1 Renewals (From Above)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800,000	1,200,000	750,000	600,000	636,000	674,160	714,609	757,485	802,934	818,993	835,373	852,080	869,121	886,503	904,233	922,317	940,764	959,580	2,418,771	1,958,346	1,618,313	1,508,496	1,547,582	1,588,497	1,631,347	1,676,244
	Total Sales Units - Sunrise Period Subscriptions (From Above)											2,857,145	2,142,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Sales Units - Incremental Yield from Transfers (From Above)											5,714	4,286	-	12,000	8,000	5,000	4,000	4,240	4,494	4,764	5,050	5,353	5,460	5,569	5,681	5,794	5,910	6,028	6,149	6,272	6,397	6,525	6,656	6,789	6,857	6,925	6,994	7,064	7,135	7,206	7,278	7,351	7,425	7,499	7,574	7,650	7,726	7,803	7,882	7,960	8,040	8,120	8,202	8,284	8,366	8,450	8,535	8,620	8,706	8,793	8,881	8,970	9,060	9,150
	Total Sales Units											2,862,859	2,147,141	-	2,532,000	1,688,000	1,055,000	844,000	894,640	948,318	1,005,217	1,065,529	1,129,460	1,152,049	1,175,091	1,198,592	1,222,564	1,247,014	1,271,954	1,297,393	1,323,341	1,349,809	1,376,805	1,404,340	1,432,426	1,446,751	1,461,219	1,475,831	1,490,588	3,305,493	2,720,548	2,285,753	2,151,110	2,202,620	2,256,447	2,312,719	2,371,576	2,433,166	2,465,527	2,498,371	2,531,709	2,565,546	2,599,893	2,634,756	2,670,146	2,706,072	2,742,541	4,219,561	3,777,145	3,455,300	3,363,853	3,421,491	3,481,146	3,542,923	3,606,936
	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)											-	-	-	3,540,000	2,360,000	1,475,000	1,180,000	1,250,800	1,325,848	1,405,398	1,489,721	1,579,103	3,296,401	2,907,184	1,675,756	5,249,271	4,103,456	3,253,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 Renewals (Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Sunrise Period Subscriptions (Cash)											1,685,716	1,264,284	-	-	-	-	-	-	-	-	-	-	1,685,716	1,264,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Transfers (Cash)											16,857	12,643	-	35,400	23,600	14,750	11,800	12,508	13,258	14,054	14,897	15,791	16,107	16,429	16,758	17,093	17,435	17,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Core Registry Fee (Cash)											1,702,573	1,276,927	-	3,575,400	2,383,600	1,489,750	1,191,800	1,263,308	1,339,106	1,419,452	1,504,618	1,594,894	4,998,223	4,187,897	1,692,514	5,266,364	4,120,890	3,271,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 (Accrual)											-	-	-	295,000	491,667	614,583	712,917	817,150	927,637	1,044,754	1,168,897	1,300,489	1,575,189	1,817,454	1,957,101	2,099,540	2,244,828	2,393,022	2,294,688	2,190,455	2,079,968	1,962,851	1,838,708	1,707,116	1,432,416	1,190,151	1,050,504	613,065	271,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Term 1 Renewals (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Sunrise Period (Accrual)											140,476	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	245,833	105,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee - Transfers											2,810	4,917	4,917	10,817	14,750	17,208	16,365	16,343	18,553	14,995	13,545	13,718	14,436	15,089	15,673	16,179	16,602	16,934	14,250	11,511	8,718	5,870	2,964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Accrual)											143,286	250,750	250,750	551,650	752,250	877,625	975,115	1,079,326	1,192,023	1,305,582	1,428,275	1,560,041	1,835,458	2,078,377	2,218,607	2,361,552	2,507,263	2,655,789	2,554,771	2,447,800	2,334,520	2,214,554	2,087,505	1,952,949	1,537,773	1,190,151	1,050,504	613,065	271,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Registry Operations											143,286	250,750	250,750	551,650	752,250	877,625	975,115	1,079,326	1,192,023	1,305,582	1,428,275	1,560,041	1,835,458	2,078,377	2,218,607	2,361,552	2,507,263	2,655,789	2,554,771	2,447,800	2,334,520	2,214,554	2,087,505	1,952,949	1,537,773	1,190,151	1,050,504	613,065	271,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
						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	331,016	270,457	275,051	279,645	279,645	279,645	279,645	279,645	279,645	279,645	279,645	279,645	357,457	392,507	399,742	399,742	399,742	399,742	399,742	399,742	399,742	399,742	399,742	399,742	477,555	521,022	521,022	521,022	521,022	521,022	521,022	521,022	521,022	521,022	521,022	521,022	598,834
	Equipment Operating Leases					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,831	27,831	142,716	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	446,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,558,238	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059	2,610,059
	Remote Centers					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200
	Network Operations Center					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	38,400	40,800	40,800	40,800	40,800	40,800	40,800	40,800	40,800	40,800	40,800	40,800	40,800	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200	43,200
	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	111,621	111,621	269,707	748,229	858,854	798,295	802,889	807,483	807,483	807,483	807,483	807,483	807,483	807,483	807,483	807,483	885,295	3,034,745	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,041,981	3,119,793	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,217,481	3,295,293
Customer Service
	Labor					-	-	3,646	26,042	47,396	47,396	47,396	47,396	53,542	53,542	53,542	125,917	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	135,047	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	138,180	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	141,471	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	144,926
	Other Customer Service
	Total Customer Service					-	-	3,646	26,042	47,396	47,396	47,396	47,396	53,542	53,542	53,542	125,917	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	62,672	135,047	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	65,805	138,180	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	69,096	141,471	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	72,551	144,926
Marketing & Sales
	Labor					-	19,271	39,583	39,583	39,583	39,583	39,583	39,583	47,396	47,396	47,396	113,646	57,969	57,969	57,969	57,969	57,969	57,969	57,969	57,969	57,969	57,969	57,969	124,219	60,867	60,867	60,867	60,867	60,867	60,867	60,867	60,867	60,867	60,867	60,867	127,117	63,911	63,911	63,911	63,911	63,911	63,911	63,911	63,911	63,911	63,911	63,911	130,161	67,106	67,106	67,106	67,106	67,106	67,106	67,106	67,106	67,106	67,106	67,106	133,356
	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	339,583	439,583	639,583	739,583	1,489,583	1,489,583	2,497,396	4,997,396	4,897,396	4,863,646	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,699,277	1,765,527	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,470,015	1,536,265	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,317,540	1,383,790	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,252,745	1,318,995
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					613	4,288	8,575	13,475	19,600	19,600	19,600	19,600	21,438	21,438	21,438	21,438	23,275	23,275	23,888	25,725	25,725	28,788	28,788	28,788	28,788	28,788	47,163	50,225	50,838	51,450	52,063	52,063	52,063	52,063	52,063	52,063	52,063	52,063	52,063	52,063	60,638	61,250	61,250	61,250	61,250	61,250	61,250	61,250	61,250	61,250	61,250	61,250	69,825	69,825	69,825	69,825	69,825	69,825	69,825	69,825	69,825	69,825	69,825	69,825
	Telecommunications					20,048	20,336	20,672	21,056	21,536	21,536	21,536	21,536	21,680	21,680	21,680	21,680	21,824	21,824	21,872	22,016	22,016	22,256	22,256	22,256	22,256	22,256	23,696	23,936	23,984	24,032	24,080	24,080	24,080	24,080	24,080	24,080	24,080	24,080	24,080	24,080	24,752	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	24,800	25,472	25,472	25,472	25,472	25,472	25,472	25,472	25,472	25,472	25,472	25,472	25,472
	Materials & Supplies					200	1,400	2,800	4,400	6,400	6,400	6,400	6,400	7,000	7,000	7,000	7,000	7,904	7,904	8,112	8,736	8,736	9,776	9,776	9,776	9,776	9,776	16,016	17,056	17,955	18,171	18,387	18,387	18,387	18,387	18,387	18,387	18,387	18,387	18,387	18,387	22,272	22,497	22,497	22,497	22,497	22,497	22,497	22,497	22,497	22,497	22,497	22,497	26,673	26,673	26,673	26,673	26,673	26,673	26,673	26,673	26,673	26,673	26,673	26,673
	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					-	-	-	-	-	-	68,571	51,429	-	144,000	96,000	60,000	49,920	52,915	56,090	59,455	63,023	66,804	68,140	69,503	70,893	72,311	73,757	75,232	79,806	81,402	83,031	84,691	86,385	88,113	88,994	89,884	90,782	91,690	92,607	93,533	98,247	99,230	100,222	101,224	102,236	103,259	104,291	105,334	106,388	107,451	108,526	109,611	115,136	116,287	117,450	118,624	119,811	121,009	122,219	123,441	124,675	125,922	127,181	128,453
	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	11,300	12,100	13,100	13,100	13,100	13,100	13,400	13,400	13,400	13,400	14,096	14,096	14,196	14,496	14,496	14,996	14,996	14,996	14,996	14,996	17,996	18,496	19,008	19,108	19,208	19,208	19,208	19,208	19,208	19,208	19,208	19,208	19,208	19,208	21,036	21,136	21,136	21,136	21,136	21,136	21,136	21,136	21,136	21,136	21,136	21,136	21,300	21,300	21,300	21,300	21,300	21,300	21,300	21,300	21,300	21,300	21,300	21,300
	Total G&A					224,461	255,136	272,593	323,381	347,569	248,769	317,341	300,198	251,651	395,651	347,651	431,963	314,328	317,323	327,482	342,503	346,070	354,694	356,030	357,393	358,783	360,201	390,702	517,332	414,028	416,601	419,206	420,867	422,561	424,288	425,169	426,059	426,958	427,866	428,783	550,021	460,255	462,223	463,215	464,218	465,230	466,252	467,285	468,328	469,381	470,445	471,520	592,917	503,121	504,273	505,436	506,610	507,796	508,994	510,204	511,427	512,661	513,908	515,167	636,751
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					-	-	-	-	-	-	2,738	4,792	4,792	10,542	14,375	16,771	18,688	20,719	22,873	25,156	27,575	30,140	32,756	35,425	38,147	40,923	43,755	46,644	49,590	52,595	55,660	58,787	61,976	65,229	68,515	71,833	75,185	78,570	87,738	89,275	91,325	94,368	98,041	101,756	105,514	109,317	113,164	116,955	120,784	124,651	128,558	132,505	136,491	140,518	144,586	148,695	151,696	155,122	158,878	162,741	166,623	170,524	174,442	178,376
	Total R&D					-	-	-	-	-	-	2,738	4,792	4,792	10,542	14,375	16,771	18,688	20,719	22,873	36,093	38,513	80,453	83,069	85,737	88,459	91,236	94,068	96,956	102,418	105,423	108,489	111,615	114,804	118,057	121,343	124,661	128,013	131,398	140,567	142,103	146,794	149,838	153,510	157,226	160,984	164,786	168,634	172,424	176,253	180,121	184,028	187,974	194,734	198,761	202,829	206,938	209,939	213,365	217,121	220,984	224,866	228,767	232,685	236,619
Total Operating Expenses						542,690	611,907	659,051	832,235	1,077,778	1,078,978	2,043,573	2,135,948	3,101,359	6,052,009	6,108,443	6,436,963	3,115,470	3,224,708	3,349,718	3,491,518	3,620,198	3,802,527	4,081,897	4,395,078	4,539,419	4,844,645	5,502,211	6,029,505	5,405,333	5,308,534	5,205,518	5,090,339	4,968,173	4,838,598	4,427,588	4,084,174	3,948,778	3,515,632	3,183,763	3,251,865	5,028,431	5,040,677	5,045,342	5,050,059	5,054,830	5,059,655	5,064,535	5,069,368	5,074,250	5,079,182	5,084,163	5,425,945	5,240,632	5,245,810	5,251,041	5,256,324	5,260,511	5,265,136	5,270,102	5,275,187	5,280,303	5,285,451	5,290,628	5,632,584
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)						(542,690)	(611,907)	(659,051)	(832,235)	(1,077,778)	(1,078,978)	(1,764,287)	(1,647,198)	(2,612,609)	(4,976,759)	(4,642,193)	(4,726,338)	(1,214,821)	(1,120,936)	(1,026,282)	(946,739)	(836,271)	(761,770)	(778,118)	(823,170)	(694,183)	(720,785)	(1,094,339)	(1,332,134)	(412,673)	(14,678)	395,558	824,099	1,265,896	1,721,494	2,461,730	3,137,603	3,608,723	4,380,888	5,630,104	5,716,042	4,144,889	4,437,381	4,800,397	5,167,613	5,539,104	5,914,950	6,295,232	6,669,879	7,048,322	7,430,602	7,816,758	7,870,079	8,454,501	8,852,480	9,254,496	9,660,591	9,956,955	10,295,433	10,666,579	11,048,241	11,431,823	11,817,228	12,204,356	12,256,345
Depreciation & Amortization						-	5,139	14,417	16,667	17,444	18,417	18,417	18,417	18,417	18,708	18,708	18,708	18,708	19,000	19,000	19,097	19,569	19,569	20,958	20,958	20,958	20,958	20,958	29,292	30,681	30,958	31,236	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	30,264	21,264	19,014	18,236	17,264	17,264	17,264	17,264	16,972	16,972	16,972	16,972	20,569	20,569	20,472	20,000	20,000	18,611	18,611	18,611	18,611	18,611	10,278
Earnings Before Interest, Taxes						(542,690)	(617,046)	(673,468)	(848,902)	(1,095,222)	(1,097,394)	(1,782,704)	(1,665,615)	(2,631,026)	(4,995,468)	(4,660,901)	(4,745,047)	(1,233,530)	(1,139,936)	(1,045,282)	(965,836)	(855,841)	(781,339)	(799,077)	(844,129)	(715,141)	(741,744)	(1,115,297)	(1,361,425)	(443,353)	(45,636)	364,321	792,585	1,234,382	1,689,980	2,430,216	3,106,089	3,577,209	4,349,374	5,598,590	5,684,528	4,113,376	4,407,117	4,779,133	5,148,599	5,520,868	5,897,686	6,277,968	6,652,615	7,031,058	7,413,630	7,799,786	7,853,107	8,437,529	8,831,910	9,233,927	9,640,119	9,936,955	10,275,433	10,647,968	11,029,630	11,413,212	11,798,617	12,185,745	12,246,067
Interest		1.75%				-	6,313	4,952	3,885	2,727	1,265	-	20,279	33,318	28,865	41,350	43,177	41,043	40,593	43,118	45,961	49,109	52,644	56,453	57,947	57,638	59,931	61,399	60,196	60,520	64,487	71,304	78,084	84,747	91,275	97,662	103,564	109,036	114,242	118,943	137,839	151,373	159,437	166,471	173,639	180,950	188,422	196,074	203,925	211,735	219,505	227,235	234,926	242,474	249,691	257,182	264,638	272,062	291,623	307,183	319,728	331,183	342,800	354,593	366,577
Pretax Consortium Profit (Before Rebates)						(542,690)	(623,359)	(678,420)	(852,787)	(1,097,949)	(1,098,659)	(1,782,704)	(1,685,893)	(2,664,344)	(5,024,332)	(4,702,251)	(4,788,224)	(1,274,573)	(1,180,530)	(1,088,400)	(1,011,797)	(904,950)	(833,983)	(855,530)	(902,075)	(772,779)	(801,675)	(1,176,696)	(1,421,622)	(503,873)	(110,123)	293,017	714,501	1,149,635	1,598,705	2,332,554	3,002,525	3,468,173	4,235,133	5,479,647	5,546,689	3,962,002	4,247,681	4,612,662	4,974,960	5,339,918	5,709,263	6,081,894	6,448,689	6,819,323	7,194,125	7,572,551	7,618,180	8,195,055	8,582,219	8,976,745	9,375,480	9,664,893	9,983,810	10,340,785	10,709,903	11,082,028	11,455,817	11,831,152	11,879,490
Rebate Pool (% of Before Tax Profits)		25%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,254	178,625	287,409	399,676	583,138	750,631	867,043	1,058,783	1,369,912	1,386,672	990,501	1,061,920	1,153,166	1,243,740	1,334,980	1,427,316	1,520,473	1,612,172	1,704,831	1,798,531	1,893,138	1,904,545	2,048,764	2,145,555	2,244,186	2,343,870	2,416,223	2,495,952	2,585,196	2,677,476	2,770,507	2,863,954	2,957,788	2,969,872
Pretax Consortium Profit						(542,690)	(623,359)	(678,420)	(852,787)	(1,097,949)	(1,098,659)	(1,782,704)	(1,685,893)	(2,664,344)	(5,024,332)	(4,702,251)	(4,788,224)	(1,274,573)	(1,180,530)	(1,088,400)	(1,011,797)	(904,950)	(833,983)	(855,530)	(902,075)	(772,779)	(801,675)	(1,176,696)	(1,421,622)	(503,873)	(110,123)	219,763	535,876	862,226	1,199,029	1,749,415	2,251,894	2,601,130	3,176,349	4,109,735	4,160,017	2,971,502	3,185,760	3,459,497	3,731,220	4,004,939	4,281,948	4,561,420	4,836,517	5,114,492	5,395,594	5,679,413	5,713,635	6,146,291	6,436,664	6,732,559	7,031,610	7,248,670	7,487,857	7,755,589	8,032,427	8,311,521	8,591,863	8,873,364	8,909,617
Estimated Stockholder Taxes		40%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87,905	214,350	344,891	479,612	699,766	900,757	1,040,452	1,270,540	1,643,894	1,664,007	1,188,601	1,274,304	1,383,799	1,492,488	1,601,975	1,712,779	1,824,568	1,934,607	2,045,797	2,158,238	2,271,765	2,285,454	2,458,517	2,574,666	2,693,023	2,812,644	2,899,468	2,995,143	3,102,235	3,212,971	3,324,608	3,436,745	3,549,346	3,563,847
Estimated Consortium Net Income						(542,690)	(623,359)	(678,420)	(852,787)	(1,097,949)	(1,098,659)	(1,782,704)	(1,685,893)	(2,664,344)	(5,024,332)	(4,702,251)	(4,788,224)	(1,274,573)	(1,180,530)	(1,088,400)	(1,011,797)	(904,950)	(833,983)	(855,530)	(902,075)	(772,779)	(801,675)	(1,176,696)	(1,421,622)	(503,873)	(110,123)	131,858	321,526	517,336	719,417	1,049,649	1,351,136	1,560,678	1,905,810	2,465,841	2,496,010	1,782,901	1,911,456	2,075,698	2,238,732	2,402,963	2,569,169	2,736,852	2,901,910	3,068,695	3,237,356	3,407,648	3,428,181	3,687,775	3,861,999	4,039,535	4,218,966	4,349,202	4,492,714	4,653,353	4,819,456	4,986,913	5,155,118	5,324,018	5,345,770
						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)					-	-	-	-	-	-	16,428,584	12,321,416	-	14,490,000	9,660,000	6,037,500	4,830,000	5,119,800	5,426,988	5,752,602	6,097,754	6,463,615	6,592,890	6,724,749	6,859,240	6,996,424	7,136,349	7,279,076	7,424,652	7,573,150	7,724,619	7,879,107	8,036,685	8,197,416	8,279,393	8,362,191	8,445,810	8,530,263	18,965,561	15,601,716	13,101,228	12,326,610	12,622,374	12,931,450	13,254,583	13,592,576	13,946,278	14,131,909	14,320,315	14,511,556	14,705,661	14,902,691	15,102,687	15,305,709	15,511,809	15,721,020	24,213,402	21,669,019	19,817,913	19,291,593	19,622,510	19,965,012	20,319,713	20,687,270
Cash Outlays
	Capital Expenditures					(185,000)	(334,000)	(81,000)	(28,000)	(35,000)	-	-	-	(10,500)	-	-	-	(10,500)	-	(3,500)	(17,000)	-	(50,000)	-	-	-	-	(300,000)	(50,000)	(10,000)	(10,000)	(10,000)	-	-	-	-	-	-	-	-	-	(140,000)	(10,000)	-	-	-	-	-	-	-	-	-	-	(140,000)	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Cash)					-	-	-	-	-	-	(1,702,573)	(1,276,927)	-	(3,575,400)	(2,383,600)	(1,489,750)	(1,191,800)	(1,263,308)	(1,339,106)	(1,419,452)	(1,504,618)	(1,594,894)	(4,998,223)	(4,187,897)	(1,692,514)	(5,266,364)	(4,120,890)	(3,271,108)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	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)	(111,621)	(111,621)	(269,707)	(748,229)	(858,854)	(798,295)	(802,889)	(807,483)	(807,483)	(807,483)	(807,483)	(807,483)	(807,483)	(807,483)	(807,483)	(807,483)	(885,295)	(3,034,745)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,041,981)	(3,119,793)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,217,481)	(3,295,293)
	Customer Service					-	-	(3,646)	(26,042)	(47,396)	(47,396)	(47,396)	(47,396)	(53,542)	(53,542)	(53,542)	(125,917)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(62,672)	(135,047)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(65,805)	(138,180)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(69,096)	(141,471)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(72,551)	(144,926)
	Marketing					(300,000)	(319,271)	(339,583)	(439,583)	(639,583)	(739,583)	(1,489,583)	(1,489,583)	(2,497,396)	(4,997,396)	(4,897,396)	(4,863,646)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,699,277)	(1,765,527)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,470,015)	(1,536,265)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,317,540)	(1,383,790)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,252,745)	(1,318,995)
	G&A					(224,461)	(255,136)	(272,593)	(323,381)	(347,569)	(248,769)	(317,341)	(300,198)	(251,651)	(395,651)	(347,651)	(431,963)	(314,328)	(317,323)	(327,482)	(342,503)	(346,070)	(354,694)	(356,030)	(357,393)	(358,783)	(360,201)	(390,702)	(517,332)	(414,028)	(416,601)	(419,206)	(420,867)	(422,561)	(424,288)	(425,169)	(426,059)	(426,958)	(427,866)	(428,783)	(550,021)	(460,255)	(462,223)	(463,215)	(464,218)	(465,230)	(466,252)	(467,285)	(468,328)	(469,381)	(470,445)	(471,520)	(592,917)	(503,121)	(504,273)	(505,436)	(506,610)	(507,796)	(508,994)	(510,204)	(511,427)	(512,661)	(513,908)	(515,167)	(636,751)
	R&D					-	-	-	-	-	-	(2,738)	(4,792)	(4,792)	(10,542)	(14,375)	(16,771)	(18,688)	(20,719)	(22,873)	(36,093)	(38,513)	(80,453)	(83,069)	(85,737)	(88,459)	(91,236)	(94,068)	(96,956)	(102,418)	(105,423)	(108,489)	(111,615)	(114,804)	(118,057)	(121,343)	(124,661)	(128,013)	(131,398)	(140,567)	(142,103)	(146,794)	(149,838)	(153,510)	(157,226)	(160,984)	(164,786)	(168,634)	(172,424)	(176,253)	(180,121)	(184,028)	(187,974)	(194,734)	(198,761)	(202,829)	(206,938)	(209,939)	(213,365)	(217,121)	(220,984)	(224,866)	(228,767)	(232,685)	(236,619)
	Total					(727,690)	(945,907)	(740,051)	(860,235)	(1,112,778)	(1,078,978)	(3,602,860)	(3,162,125)	(2,861,109)	(9,075,759)	(7,739,793)	(7,049,088)	(3,342,655)	(3,408,690)	(3,500,301)	(3,622,387)	(3,696,540)	(3,887,380)	(7,244,662)	(6,504,598)	(4,013,327)	(7,749,456)	(7,415,838)	(6,694,824)	(2,860,562)	(2,870,734)	(2,880,998)	(2,875,785)	(2,880,668)	(2,885,649)	(2,889,815)	(2,894,024)	(2,898,274)	(2,902,567)	(2,912,653)	(3,251,865)	(5,168,431)	(5,050,677)	(5,045,342)	(5,050,059)	(5,054,830)	(5,059,655)	(5,064,535)	(5,069,368)	(5,074,250)	(5,079,182)	(5,084,163)	(5,425,945)	(5,380,632)	(5,245,810)	(5,251,041)	(5,256,324)	(5,260,511)	(5,265,136)	(5,270,102)	(5,275,187)	(5,280,303)	(5,285,451)	(5,290,628)	(5,632,584)
Interest*		6%				-	(3,638)	(8,386)	(12,128)	(16,490)	(22,137)	(27,642)	36,348	82,327	68,433	95,846	105,926	101,398	109,342	118,444	128,670	139,964	152,670	166,314	163,887	165,807	180,866	178,005	177,498	181,306	205,033	229,571	254,131	278,453	302,464	326,139	348,303	369,128	389,174	407,612	474,845	523,715	555,103	582,577	610,690	639,469	668,980	699,289	730,469	761,701	792,986	824,329	855,734	886,446	916,952	948,235	979,594	1,011,033	1,084,274	1,144,260	1,194,283	1,240,884	1,288,324	1,336,660	1,385,953
Rebates						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(73,254)	(178,625)	(287,409)	(399,676)	(583,138)	(750,631)	(867,043)	(1,058,783)	(1,369,912)	(1,386,672)	(990,501)	(1,061,920)	(1,153,166)	(1,243,740)	(1,334,980)	(1,427,316)	(1,520,473)	(1,612,172)	(1,704,831)	(1,798,531)	(1,893,138)	(1,904,545)	(2,048,764)	(2,145,555)	(2,244,186)	(2,343,870)	(2,416,223)	(2,495,952)	(2,585,196)	(2,677,476)	(2,770,507)	(2,863,954)	(2,957,788)	(2,969,872)
Net Cash from Operating Before Taxes						(727,690)	(949,545)	(748,437)	(872,364)	(1,129,268)	(1,101,114)	12,798,082	9,195,639	(2,778,783)	5,482,673	2,016,053	(905,662)	1,588,743	1,820,452	2,045,131	2,258,885	2,541,178	2,728,905	(485,458)	384,038	3,011,721	(572,166)	(101,484)	761,749	4,745,396	4,907,450	4,999,937	5,078,827	5,147,062	5,214,555	5,132,578	5,065,839	5,049,621	4,958,087	15,090,608	11,438,024	7,466,013	6,769,116	7,006,443	7,248,341	7,504,242	7,774,585	8,060,560	8,180,838	8,302,935	8,426,829	8,552,689	8,427,934	8,559,738	8,831,297	8,964,817	9,100,420	17,547,701	14,992,205	13,106,874	12,533,213	12,812,584	13,103,931	13,407,957	13,470,766
	Equity Financing (Enter Number as a Positive)
	Debt Financing (Enter Number as a Positive)					-
	Disbursements (Enter Number as a Negative)						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(87,905)	(214,350)	(344,891)	(479,612)	(699,766)	(900,757)	(1,040,452)	(1,270,540)	(1,643,894)	(1,664,007)	(1,188,601)	(1,274,304)	(1,383,799)	(1,492,488)	(1,601,975)	(1,712,779)	(1,824,568)	(1,934,607)	(2,045,797)	(2,158,238)	(2,271,765)	(2,285,454)	(2,458,517)	(2,574,666)	(2,693,023)	(2,812,644)	(2,899,468)	(2,995,143)	(3,102,235)	(3,212,971)	(3,324,608)	(3,436,745)	(3,549,346)	(3,563,847)
Cumulative Cash Balance After Disbursements						(727,690)	(1,677,235)	(2,425,672)	(3,298,036)	(4,427,304)	(5,528,418)	7,269,664	16,465,303	13,686,521	19,169,194	21,185,248	20,279,585	21,868,329	23,688,780	25,733,912	27,992,797	30,533,975	33,262,879	32,777,422	33,161,460	36,173,180	35,601,014	35,499,531	36,261,280	41,006,676	45,914,126	50,826,158	55,690,634	60,492,805	65,227,748	69,660,560	73,825,642	77,834,811	81,522,359	94,969,073	104,743,090	111,020,502	116,515,314	122,137,958	127,893,810	133,796,077	139,857,884	146,093,875	152,340,106	158,597,244	164,865,835	171,146,760	177,289,240	183,390,461	189,647,092	195,918,886	202,206,662	216,854,895	228,851,957	238,856,595	248,176,838	257,664,813	267,331,999	277,190,610	287,097,529
	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						$4,328,794	$3,395,489	$2,663,919	$1,869,724	$867,408	($212,235)	$13,905,549	$22,846,783	$19,792,876	$28,354,077	$29,607,118	$28,143,555	$27,835,332	$29,566,465	$31,516,175	$33,674,583	$36,098,882	$38,710,607	$39,734,801	$39,523,212	$41,095,793	$42,102,392	$41,277,417	$41,499,190	$44,219,594	$48,894,442	$53,543,224	$58,112,273	$62,588,766	$66,968,242	$71,015,477	$74,767,297	$78,337,294	$81,560,808	$94,517,868	$103,798,907	$109,327,993	$114,151,685	$119,066,633	$124,079,920	$129,203,946	$134,450,945	$139,834,591	$145,189,924	$150,517,557	$155,818,027	$161,092,201	$166,267,857	$171,217,006	$176,353,186	$181,466,217	$186,556,881	$199,970,185	$210,639,800	$219,241,782	$227,097,254	$235,062,904	$243,149,216	$251,367,338	$259,651,584
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	$1,559,287	$2,585,464	$2,334,714	$5,358,464	$6,989,814	$7,601,939	$7,818,624	$8,002,605	$8,149,688	$8,263,558	$8,339,900	$8,374,754	$11,537,518	$13,647,038	$13,120,945	$16,025,757	$17,639,384	$18,254,703	$15,699,932	$13,252,132	$10,917,612	$8,703,058	$6,615,553	$4,662,604	$3,124,831	$1,934,680	$884,175	$271,110	($0)	($0)	($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	$8,214	$14,375	$14,375	$31,625	$43,125	$50,313	$56,063	$62,158	$68,618	$75,467	$82,726	$90,421	$98,269	$106,275	$114,441	$122,770	$131,265	$139,931	$148,770	$157,785	$166,981	$176,361	$185,929	$195,688	$205,544	$215,499	$225,554	$235,709	$263,215	$267,824	$273,975	$283,105	$294,123	$305,268	$316,543	$327,951	$339,493	$350,864	$362,351	$373,954	$385,675	$397,514	$409,474	$421,555	$433,758	$446,085	$455,088	$465,366	$476,635	$488,223	$499,869	$511,571	$523,325	$535,128
Total Current Assets						$4,328,794	$3,395,489	$2,663,919	$1,869,724	$867,408	($212,235)	$15,473,050	$25,446,622	$22,141,965	$33,744,166	$36,640,057	$35,795,806	$35,710,018	$37,631,228	$39,734,482	$42,013,607	$44,521,508	$47,175,781	$51,370,589	$53,276,525	$54,331,179	$58,250,918	$59,048,067	$59,893,824	$60,068,296	$62,304,359	$64,627,818	$66,991,692	$69,390,248	$71,826,534	$74,345,851	$76,917,476	$79,447,024	$82,067,627	$94,781,083	$104,066,732	$109,601,967	$114,434,790	$119,360,756	$124,385,189	$129,520,489	$134,778,896	$140,174,084	$145,540,788	$150,879,908	$156,191,981	$161,477,875	$166,665,372	$171,626,480	$176,774,741	$181,899,975	$187,002,966	$200,425,273	$211,105,166	$219,718,417	$227,585,477	$235,562,773	$243,660,787	$251,890,663	$260,186,712
Fixed Assets:
Plant, Property, & Equipment						$185,000	$519,000	$600,000	$628,000	$663,000	$663,000	$663,000	$663,000	$673,500	$673,500	$673,500	$673,500	$684,000	$684,000	$687,500	$704,500	$704,500	$754,500	$754,500	$754,500	$754,500	$754,500	$1,054,500	$1,104,500	$1,114,500	$1,124,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,134,500	$1,274,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,284,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500	$1,424,500
Accumulated Depreciation						$0	($5,139)	($19,556)	($36,222)	($53,667)	($72,083)	($90,500)	($108,917)	($127,333)	($146,042)	($164,750)	($183,458)	($202,167)	($221,167)	($240,167)	($259,264)	($278,833)	($298,403)	($319,361)	($340,319)	($361,278)	($382,236)	($403,194)	($432,486)	($463,167)	($494,125)	($525,361)	($556,875)	($588,389)	($619,903)	($651,417)	($682,931)	($714,444)	($745,958)	($777,472)	($808,986)	($840,500)	($870,764)	($892,028)	($911,042)	($929,278)	($946,542)	($963,806)	($981,069)	($998,333)	($1,015,306)	($1,032,278)	($1,049,250)	($1,066,222)	($1,086,792)	($1,107,361)	($1,127,833)	($1,147,833)	($1,167,833)	($1,186,444)	($1,205,056)	($1,223,667)	($1,242,278)	($1,260,889)	($1,271,167)
Total Fixed Assets						$185,000	$513,861	$580,444	$591,778	$609,333	$590,917	$572,500	$554,083	$546,167	$527,458	$508,750	$490,042	$481,833	$462,833	$447,333	$445,236	$425,667	$456,097	$435,139	$414,181	$393,222	$372,264	$651,306	$672,014	$651,333	$630,375	$609,139	$577,625	$546,111	$514,597	$483,083	$451,569	$420,056	$388,542	$357,028	$325,514	$434,000	$413,736	$392,472	$373,458	$355,222	$337,958	$320,694	$303,431	$286,167	$269,194	$252,222	$235,250	$358,278	$337,708	$317,139	$296,667	$276,667	$256,667	$238,056	$219,444	$200,833	$182,222	$163,611	$153,333
Total Assets						$4,513,794	$3,909,350	$3,244,363	$2,461,502	$1,476,741	$378,682	$16,045,550	$26,000,706	$22,688,131	$34,271,624	$37,148,807	$36,285,848	$36,191,852	$38,094,061	$40,181,815	$42,458,843	$44,947,175	$47,631,878	$51,805,728	$53,690,706	$54,724,401	$58,623,182	$59,699,372	$60,565,838	$60,719,629	$62,934,734	$65,236,957	$67,569,317	$69,936,359	$72,341,131	$74,828,935	$77,369,045	$79,867,079	$82,456,168	$95,138,111	$104,392,246	$110,035,967	$114,848,526	$119,753,228	$124,758,647	$129,875,711	$135,116,854	$140,494,779	$145,844,219	$151,166,074	$156,461,175	$161,730,098	$166,900,622	$171,984,758	$177,112,449	$182,217,114	$187,299,633	$200,701,939	$211,361,833	$219,956,473	$227,804,922	$235,763,607	$243,843,009	$252,054,274	$260,340,046
Current Liabilities:
Accounts Payable						266,484	285,398	298,831	368,756	481,944	482,544	1,744,486	1,524,118	1,364,638	4,477,213	3,809,230	3,374,078	1,598,469	1,636,737	1,679,188	1,728,231	1,773,808	1,833,727	3,537,368	3,134,221	1,888,585	3,677,608	3,162,371	2,828,314	1,012,739	1,016,600	1,020,507	1,022,900	1,025,342	1,027,832	1,029,915	1,032,020	1,034,145	1,036,291	1,041,334	1,121,140	1,008,101	1,012,295	1,014,628	1,016,986	1,019,372	1,021,784	1,024,224	1,026,641	1,029,082	1,031,548	1,034,038	1,115,129	1,048,805	1,051,394	1,054,009	1,056,651	1,058,744	1,061,057	1,063,540	1,066,082	1,068,640	1,071,214	1,073,803	1,154,981
Unearned Revenue						-	-	-	-	-	-	16,182,155	28,039,464	27,550,714	41,034,464	49,274,214	53,629,839	56,582,190	59,622,599	62,751,994	65,987,211	69,330,076	72,783,713	76,104,218	79,289,082	82,335,749	85,241,630	88,004,090	90,620,456	93,087,803	95,403,160	97,563,488	99,565,675	101,406,561	103,082,920	104,512,420	105,692,654	106,621,182	107,295,545	117,488,265	124,163,511	128,133,271	131,024,092	133,843,419	136,600,316	139,304,516	141,966,473	144,597,410	147,034,943	149,278,004	151,325,547	153,176,517	154,829,876	156,284,589	157,539,639	158,594,017	159,446,710	168,491,719	174,649,734	178,581,025	181,599,750	184,561,200	187,475,110	190,351,932	193,202,886
Other Current Liabilities						$0	$0	$0	$0	$0	$0	$5,476	$9,583	$9,583	$21,083	$28,750	$33,542	$37,375	$41,438	$45,745	$50,311	$55,151	$60,280	$65,513	$70,850	$76,294	$81,846	$87,510	$93,287	$99,180	$105,190	$111,321	$117,574	$123,953	$130,458	$137,029	$143,666	$150,369	$157,139	$175,477	$178,550	$182,650	$188,736	$196,082	$203,512	$211,029	$218,634	$226,329	$233,909	$241,567	$249,303	$257,116	$265,009	$272,983	$281,036	$289,172	$297,390	$303,392	$310,244	$317,757	$325,482	$333,246	$341,047	$348,883	$356,752
Total Current Liabilities						$266,484	$285,398	$298,831	$368,756	$481,944	$482,544	$17,932,117	$29,573,166	$28,924,935	$45,532,760	$53,112,194	$57,037,458	$58,218,034	$61,300,773	$64,476,927	$67,765,753	$71,159,034	$74,677,721	$79,707,100	$82,494,153	$84,300,628	$89,001,084	$91,253,971	$93,542,057	$94,199,721	$96,524,950	$98,695,315	$100,706,150	$102,555,855	$104,241,210	$105,679,365	$106,868,339	$107,805,695	$108,488,975	$118,705,076	$125,463,201	$129,324,022	$132,225,124	$135,054,128	$137,820,815	$140,534,916	$143,206,890	$145,847,963	$148,295,493	$150,548,653	$152,606,397	$154,467,672	$156,210,014	$157,606,376	$158,872,069	$159,937,199	$160,800,751	$169,853,856	$176,021,034	$179,962,322	$182,991,314	$185,963,086	$188,887,371	$191,774,618	$194,714,619
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						(542,690)	(1,166,048)	(1,844,468)	(2,697,255)	(3,795,203)	(4,893,863)	(6,676,566)	(8,362,460)	(11,026,804)	(16,051,136)	(20,753,387)	(25,541,610)	(26,816,183)	(27,996,712)	(29,085,112)	(30,096,909)	(31,001,859)	(31,835,843)	(32,691,372)	(33,593,447)	(34,366,227)	(35,167,902)	(36,344,598)	(37,766,220)	(38,270,093)	(38,380,216)	(38,248,358)	(37,926,832)	(37,409,497)	(36,690,079)	(35,640,430)	(34,289,294)	(32,728,616)	(30,822,807)	(28,356,965)	(25,860,955)	(24,078,054)	(22,166,598)	(20,090,900)	(17,852,168)	(15,449,205)	(12,880,036)	(10,143,184)	(7,241,274)	(4,172,579)	(935,222)	2,472,426	5,900,607	9,588,382	13,450,380	17,489,916	21,708,882	26,058,084	30,550,798	35,204,151	40,023,608	45,010,520	50,165,638	55,489,656	60,835,427
Total Owner Equity						$4,247,310	$3,623,952	$2,945,532	$2,092,745	$994,797	($103,863)	($1,886,566)	($3,572,460)	($6,236,804)	($11,261,136)	($15,963,387)	($20,751,610)	($22,026,183)	($23,206,712)	($24,295,112)	($25,306,909)	($26,211,859)	($27,045,843)	($27,901,372)	($28,803,447)	($29,576,227)	($30,377,902)	($31,554,598)	($32,976,220)	($33,480,093)	($33,590,216)	($33,458,358)	($33,136,832)	($32,619,497)	($31,900,079)	($30,850,430)	($29,499,294)	($27,938,616)	($26,032,807)	($23,566,965)	($21,070,955)	($19,288,054)	($17,376,598)	($15,300,900)	($13,062,168)	($10,659,205)	($8,090,036)	($5,353,184)	($2,451,274)	$617,421	$3,854,778	$7,262,426	$10,690,607	$14,378,382	$18,240,380	$22,279,916	$26,498,882	$30,848,084	$35,340,798	$39,994,151	$44,813,608	$49,800,520	$54,955,638	$60,279,656	$65,625,427
Total Equity & Liabilities						$4,513,794	$3,909,350	$3,244,363	$2,461,502	$1,476,741	$378,682	$16,045,550	$26,000,706	$22,688,131	$34,271,624	$37,148,807	$36,285,848	$36,191,852	$38,094,061	$40,181,815	$42,458,843	$44,947,175	$47,631,878	$51,805,728	$53,690,706	$54,724,401	$58,623,182	$59,699,372	$60,565,838	$60,719,629	$62,934,734	$65,236,957	$67,569,317	$69,936,359	$72,341,131	$74,828,935	$77,369,045	$79,867,079	$82,456,168	$95,138,111	$104,392,246	$110,035,967	$114,848,526	$119,753,228	$124,758,647	$129,875,711	$135,116,854	$140,494,779	$145,844,219	$151,166,074	$156,461,175	$161,730,098	$166,900,622	$171,984,758	$177,112,449	$182,217,114	$187,299,633	$200,701,939	$211,361,833	$219,956,473	$227,804,922	$235,763,607	$243,843,009	$252,054,274	$260,340,046
						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$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)						-	-	-	-	-	-	851,286	638,464	-	1,787,700	1,191,800	744,875	595,900	631,654	669,553	709,726	752,309	797,447	2,499,112	2,093,949	846,257	2,633,182	2,060,445	1,635,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	26,858	41,441	49,826	49,826	49,826	49,826	53,083	53,083	53,083	131,658	59,157	59,157	60,561	65,155	65,155	74,342	74,342	74,342	74,342	74,342	115,176	201,407	130,045	131,117	132,189	132,189	132,189	132,189	132,189	132,189	132,189	132,189	132,189	210,764	161,871	163,559	163,559	163,559	163,559	163,559	163,559	163,559	163,559	163,559	163,559	242,134	195,372	195,372	195,372	195,372	195,372	195,372	195,372	195,372	195,372	195,372	195,372	273,947
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.)						262,230	267,412	271,974	327,316	432,118	432,718	843,373	835,828	1,311,555	2,636,430	2,564,346	2,497,544	943,412	945,925	949,074	953,351	956,344	961,938	963,915	965,930	967,986	970,083	986,750	991,353	882,694	885,483	888,318	890,711	893,153	895,643	897,726	899,831	901,956	904,102	909,145	910,376	846,231	848,736	851,069	853,427	855,813	858,225	860,665	863,082	865,523	867,989	870,479	872,995	853,433	856,022	858,638	861,279	863,373	865,685	868,168	870,711	873,269	875,843	878,431	881,034
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						-	-	-	-	-	-	8,214	14,375	14,375	31,625	43,125	50,313	56,063	62,158	68,618	75,467	82,726	90,421	98,269	106,275	114,441	122,770	131,265	139,931	148,770	157,785	166,981	176,361	185,929	195,688	205,544	215,499	225,554	235,709	263,215	267,824	273,975	283,105	294,123	305,268	316,543	327,951	339,493	350,864	362,351	373,954	385,675	397,514	409,474	421,555	433,758	446,085	455,088	465,366	476,635	488,223	499,869	511,571	523,325	535,128
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						-	-	-	-	-	-	5,476	9,583	9,583	21,083	28,750	33,542	37,375	41,438	45,745	50,311	55,151	60,280	65,513	70,850	76,294	81,846	87,510	93,287	99,180	105,190	111,321	117,574	123,953	130,458	137,029	143,666	150,369	157,139	175,477	178,550	182,650	188,736	196,082	203,512	211,029	218,634	226,329	233,909	241,567	249,303	257,116	265,009	272,983	281,036	289,172	297,390	303,392	310,244	317,757	325,482	333,246	341,047	348,883	356,752
Other Current Liabilities as a % of Revenue (Accrual)						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%	2.0%	2.0%	2.0%	2.0%	2.0%
						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						(542,690)	(623,359)	(678,420)	(852,787)	(1,097,949)	(1,098,659)	(1,782,704)	(1,685,893)	(2,664,344)	(5,024,332)	(4,702,251)	(4,788,224)	(1,274,573)	(1,180,530)	(1,088,400)	(1,011,797)	(904,950)	(833,983)	(855,530)	(902,075)	(772,779)	(801,675)	(1,176,696)	(1,421,622)	(503,873)	(110,123)	131,858	321,526	517,336	719,417	1,049,649	1,351,136	1,560,678	1,905,810	2,465,841	2,496,010	1,782,901	1,911,456	2,075,698	2,238,732	2,402,963	2,569,169	2,736,852	2,901,910	3,068,695	3,237,356	3,407,648	3,428,181	3,687,775	3,861,999	4,039,535	4,218,966	4,349,202	4,492,714	4,653,353	4,819,456	4,986,913	5,155,118	5,324,018	5,345,770
Add-back:  Depreciation & Amortization						-	5,139	14,417	16,667	17,444	18,417	18,417	18,417	18,417	18,708	18,708	18,708	18,708	19,000	19,000	19,097	19,569	19,569	20,958	20,958	20,958	20,958	20,958	29,292	30,681	30,958	31,236	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	31,514	30,264	21,264	19,014	18,236	17,264	17,264	17,264	17,264	16,972	16,972	16,972	16,972	20,569	20,569	20,472	20,000	20,000	18,611	18,611	18,611	18,611	18,611	10,278
Change in Accounts Receivable						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Pre-Paid Expense						-	-	-	-	-	-	(1,559,287)	(1,026,177)	250,750	(3,023,750)	(1,631,350)	(612,125)	(216,685)	(183,982)	(147,083)	(113,869)	(76,343)	(34,853)	(3,162,765)	(2,109,520)	526,093	(2,904,812)	(1,613,627)	(615,319)	2,554,771	2,447,800	2,334,520	2,214,554	2,087,505	1,952,949	1,537,773	1,190,151	1,050,504	613,065	271,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Other Current Assets						-	-	-	-	-	-	(8,214)	(6,161)	-	(17,250)	(11,500)	(7,187)	(5,750)	(6,095)	(6,461)	(6,848)	(7,259)	(7,695)	(7,849)	(8,006)	(8,166)	(8,329)	(8,496)	(8,666)	(8,839)	(9,016)	(9,196)	(9,380)	(9,567)	(9,759)	(9,856)	(9,955)	(10,055)	(10,155)	(27,507)	(4,609)	(6,150)	(9,130)	(11,018)	(11,145)	(11,275)	(11,407)	(11,542)	(11,371)	(11,487)	(11,603)	(11,721)	(11,840)	(11,960)	(12,081)	(12,203)	(12,327)	(9,002)	(10,279)	(11,269)	(11,588)	(11,646)	(11,702)	(11,754)	(11,803)
Change in Accounts Payable						266,484	18,914	13,433	69,925	113,188	600	1,261,941	(220,367)	(159,480)	3,112,575	(667,983)	(435,152)	(1,775,608)	38,267	42,451	49,043	45,577	59,920	1,703,641	(403,147)	(1,245,636)	1,789,022	(515,237)	(334,057)	(1,815,575)	3,861	3,907	2,394	2,441	2,490	2,083	2,104	2,125	2,146	5,043	79,806	(113,039)	4,194	2,332	2,359	2,385	2,412	2,440	2,417	2,441	2,466	2,491	81,091	(66,324)	2,589	2,615	2,642	2,094	2,312	2,483	2,542	2,558	2,574	2,589	81,178
Change in Unearned Revenue						-	-	-	-	-	-	16,182,155	11,857,309	(488,750)	13,483,750	8,239,750	4,355,625	2,952,351	3,040,408	3,129,395	3,235,217	3,342,865	3,453,637	3,320,506	3,184,864	3,046,667	2,905,881	2,762,460	2,616,366	2,467,347	2,315,357	2,160,328	2,002,187	1,840,886	1,676,359	1,429,500	1,180,234	928,528	674,363	10,192,720	6,675,246	3,969,760	2,890,822	2,819,327	2,756,897	2,704,199	2,661,957	2,630,938	2,437,532	2,243,061	2,047,543	1,850,970	1,653,359	1,454,713	1,255,050	1,054,379	852,693	9,045,009	6,158,014	3,931,291	3,018,725	2,961,450	2,913,910	2,876,822	2,850,954
Change in Other Current Liabilities						-	-	-	-	-	-	5,476	4,107	-	11,500	7,667	4,792	3,833	4,063	4,307	4,566	4,839	5,130	5,232	5,337	5,444	5,553	5,664	5,777	5,893	6,010	6,131	6,253	6,378	6,506	6,571	6,637	6,703	6,770	18,338	3,073	4,100	6,087	7,345	7,430	7,517	7,605	7,695	7,581	7,658	7,735	7,814	7,893	7,973	8,054	8,136	8,218	6,002	6,852	7,513	7,725	7,764	7,801	7,836	7,869
Total Cash Flow from Operations						($276,206)	($599,306)	($650,570)	($766,195)	($967,316)	($1,079,643)	$14,117,784	$8,941,234	($3,043,408)	$8,561,201	$1,253,041	($1,463,563)	($297,723)	$1,731,133	$1,953,210	$2,175,408	$2,424,299	$2,661,725	$1,024,194	($211,589)	$1,572,581	$1,006,599	($524,974)	$271,772	$2,730,404	$4,684,848	$4,658,783	$4,569,048	$4,476,493	$4,379,477	$4,047,234	$3,751,820	$3,569,997	$3,223,513	$12,957,060	$9,281,040	$5,669,085	$4,833,692	$4,914,948	$5,013,287	$5,124,025	$5,247,000	$5,383,646	$5,355,333	$5,327,633	$5,300,470	$5,274,174	$5,175,657	$5,089,149	$5,136,180	$5,113,031	$5,090,664	$13,413,304	$10,669,615	$8,601,983	$7,855,472	$7,965,650	$8,086,312	$8,218,123	$8,284,246
Cash From Investing Activities:
Capital Expenditures						($185,000)	($334,000)	($81,000)	($28,000)	($35,000)	$0	$0	$0	($10,500)	$0	$0	$0	($10,500)	$0	($3,500)	($17,000)	$0	($50,000)	$0	$0	$0	$0	($300,000)	($50,000)	($10,000)	($10,000)	($10,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	($140,000)	($10,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($140,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Cash Flow from Investing Activities						($185,000)	($334,000)	($81,000)	($28,000)	($35,000)	$0	$0	$0	($10,500)	$0	$0	$0	($10,500)	$0	($3,500)	($17,000)	$0	($50,000)	$0	$0	$0	$0	($300,000)	($50,000)	($10,000)	($10,000)	($10,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	($140,000)	($10,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($140,000)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Cash Flow Before Financing						($461,206)	($933,306)	($731,570)	($794,195)	($1,002,316)	($1,079,643)	$14,117,784	$8,941,234	($3,053,908)	$8,561,201	$1,253,041	($1,463,563)	($308,223)	$1,731,133	$1,949,710	$2,158,408	$2,424,299	$2,611,725	$1,024,194	($211,589)	$1,572,581	$1,006,599	($824,974)	$221,772	$2,720,404	$4,674,848	$4,648,783	$4,569,048	$4,476,493	$4,379,477	$4,047,234	$3,751,820	$3,569,997	$3,223,513	$12,957,060	$9,281,040	$5,529,085	$4,823,692	$4,914,948	$5,013,287	$5,124,025	$5,247,000	$5,383,646	$5,355,333	$5,327,633	$5,300,470	$5,274,174	$5,175,657	$4,949,149	$5,136,180	$5,113,031	$5,090,664	$13,413,304	$10,669,615	$8,601,983	$7,855,472	$7,965,650	$8,086,312	$8,218,123	$8,284,246
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						$4,328,794	($933,306)	($731,570)	($794,195)	($1,002,316)	($1,079,643)	$14,117,784	$8,941,234	($3,053,908)	$8,561,201	$1,253,041	($1,463,563)	($308,223)	$1,731,133	$1,949,710	$2,158,408	$2,424,299	$2,611,725	$1,024,194	($211,589)	$1,572,581	$1,006,599	($824,974)	$221,772	$2,720,404	$4,674,848	$4,648,783	$4,569,048	$4,476,493	$4,379,477	$4,047,234	$3,751,820	$3,569,997	$3,223,513	$12,957,060	$9,281,040	$5,529,085	$4,823,692	$4,914,948	$5,013,287	$5,124,025	$5,247,000	$5,383,646	$5,355,333	$5,327,633	$5,300,470	$5,274,174	$5,175,657	$4,949,149	$5,136,180	$5,113,031	$5,090,664	$13,413,304	$10,669,615	$8,601,983	$7,855,472	$7,965,650	$8,086,312	$8,218,123	$8,284,246
Beginning Cash Balance						$0	$4,328,794	$3,395,489	$2,663,919	$1,869,724	$867,408	($212,235)	$13,905,549	$22,846,783	$19,792,876	$28,354,077	$29,607,118	$28,143,555	$27,835,332	$29,566,465	$31,516,175	$33,674,583	$36,098,882	$38,710,607	$39,734,801	$39,523,212	$41,095,793	$42,102,392	$41,277,417	$41,499,190	$44,219,594	$48,894,442	$53,543,224	$58,112,273	$62,588,766	$66,968,242	$71,015,477	$74,767,297	$78,337,294	$81,560,808	$94,517,868	$103,798,907	$109,327,993	$114,151,685	$119,066,633	$124,079,920	$129,203,946	$134,450,945	$139,834,591	$145,189,924	$150,517,557	$155,818,027	$161,092,201	$166,267,857	$171,217,006	$176,353,186	$181,466,217	$186,556,881	$199,970,185	$210,639,800	$219,241,782	$227,097,254	$235,062,904	$243,149,216	$251,367,338
Net Increase/(Decrease) in Cash						$4,328,794	($933,306)	($731,570)	($794,195)	($1,002,316)	($1,079,643)	$14,117,784	$8,941,234	($3,053,908)	$8,561,201	$1,253,041	($1,463,563)	($308,223)	$1,731,133	$1,949,710	$2,158,408	$2,424,299	$2,611,725	$1,024,194	($211,589)	$1,572,581	$1,006,599	($824,974)	$221,772	$2,720,404	$4,674,848	$4,648,783	$4,569,048	$4,476,493	$4,379,477	$4,047,234	$3,751,820	$3,569,997	$3,223,513	$12,957,060	$9,281,040	$5,529,085	$4,823,692	$4,914,948	$5,013,287	$5,124,025	$5,247,000	$5,383,646	$5,355,333	$5,327,633	$5,300,470	$5,274,174	$5,175,657	$4,949,149	$5,136,180	$5,113,031	$5,090,664	$13,413,304	$10,669,615	$8,601,983	$7,855,472	$7,965,650	$8,086,312	$8,218,123	$8,284,246
Ending Cash Balance						$4,328,794	$3,395,489	$2,663,919	$1,869,724	$867,408	($212,235)	$13,905,549	$22,846,783	$19,792,876	$28,354,077	$29,607,118	$28,143,555	$27,835,332	$29,566,465	$31,516,175	$33,674,583	$36,098,882	$38,710,607	$39,734,801	$39,523,212	$41,095,793	$42,102,392	$41,277,417	$41,499,190	$44,219,594	$48,894,442	$53,543,224	$58,112,273	$62,588,766	$66,968,242	$71,015,477	$74,767,297	$78,337,294	$81,560,808	$94,517,868	$103,798,907	$109,327,993	$114,151,685	$119,066,633	$124,079,920	$129,203,946	$134,450,945	$139,834,591	$145,189,924	$150,517,557	$155,818,027	$161,092,201	$166,267,857	$171,217,006	$176,353,186	$181,466,217	$186,556,881	$199,970,185	$210,639,800	$219,241,782	$227,097,254	$235,062,904	$243,149,216	$251,367,338	$259,651,584