90% 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
												171,429	128,571
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%	3.0%	3.0%	3.0%	3.0%	3.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
	New Domains Registered	200,000										171,429	128,571		600,000	400,000	250,000	200,000	206,000	212,180	218,545	225,101	231,854	234,173	236,515	238,880	241,269	243,682	246,119	248,580	251,066	253,577	256,113	258,674	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261
	Initial Annual Subscription Terms (Enter as Integer)
	Weighted Avg. Initial Subscription Term 1	2.1 Years										2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1	2.1
	Sunrise Period Subscription Term (Only)	5.0 Years										5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0	5.0
	Domain Years
	Domain Years - Term 1 Subscriptions (Sales Units)											-	-	-	1,260,000	840,000	525,000	420,000	432,600	445,578	458,945	472,712	486,893	491,763	496,682	501,648	506,665	511,732	516,850	522,018	527,239	532,512	537,837	543,215	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648
	Domain Years - Sunrise Period Subscriptions (Sales Units)											857,145	642,855
	New Domains Total Domain Years - (Sales Units)											857,145	642,855	-	1,260,000	840,000	525,000	420,000	432,600	445,578	458,945	472,712	486,893	491,763	496,682	501,648	506,665	511,732	516,850	522,018	527,239	532,512	537,837	543,215	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648
	New Domains Up For  Renewal
	Initial Subscription Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600,000	400,000	250,000	200,000	206,000	212,180	218,545	225,101	231,854	234,173	236,515	238,880	241,269	243,682	246,119	248,580	251,066	253,577	256,113	258,674	261,261	261,261	261,261	261,261	261,261	261,261
	Second Renewal Period  Domains Up For Renewal (Term 1)														-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360,000	240,000	150,000	120,000	123,600	127,308	131,127	135,061
	Sunrise Subscription Terms Up For Renewal											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Rate	60%										-	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%	60%
	Domains Renewed after Initial Registration (Term 1 Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360,000	240,000	150,000	120,000	123,600	127,308	131,127	135,061	139,112	140,504	141,909	143,328	144,761	146,209	147,671	149,148	150,640	152,146	153,668	155,204	156,757	156,757	156,757	156,757	156,757	156,757
	Second Renewal Period Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	216,000	144,000	90,000	72,000	74,160	76,385	78,676	81,036
	Domains Renewed (Sunrise Period Subscriptions)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domains Renewed											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360,000	240,000	150,000	120,000	123,600	127,308	131,127	135,061	139,112	140,504	141,909	143,328	144,761	146,209	147,671	149,148	150,640	152,146	369,668	299,204	246,757	228,757	230,917	233,141	235,433	237,793
	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)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900,000	600,000	375,000	300,000	309,000	318,270	327,818	337,652	347,781	351,260	354,773	358,320	361,904	365,523	369,179	372,870	376,599	380,366	924,170	748,011	616,892	571,892	577,292	582,854	588,582	594,482
	Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Renewal Total Domain Years (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900,000	600,000	375,000	300,000	309,000	318,270	327,818	337,652	347,781	351,260	354,773	358,320	361,904	365,523	369,179	372,870	376,599	380,366	924,170	748,011	616,892	571,892	577,292	582,854	588,582	594,482
	Total Domains Under Management											171,429	300,000	300,000	900,000	1,300,000	1,550,000	1,750,000	1,956,000	2,168,180	2,386,725	2,611,826	2,843,680	3,077,853	3,314,368	3,553,248	3,794,517	4,038,199	4,284,318	4,532,898	4,783,964	5,037,541	5,293,654	5,552,328	5,813,589	6,074,850	6,336,111	6,597,372	6,858,633	6,879,894	6,981,155	7,142,416	7,323,677	7,502,538	7,678,927	7,852,770	8,023,991	8,192,510	8,360,102	8,526,757	8,692,466	8,857,219	9,021,007	9,183,821	9,345,650	9,506,484	9,666,315	9,681,130	9,742,922	9,839,678	9,948,435	10,055,752	10,161,585	10,265,891	10,368,623
	Total Domain Years (Sales Units)
	Total Domain Years - Term 1 Subscriptions (Sales Units)											-	-	-	1,260,000	840,000	525,000	420,000	432,600	445,578	458,945	472,712	486,893	491,763	496,682	501,648	506,665	511,732	516,850	522,018	527,239	532,512	537,837	543,215	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648
	Total Domain Years - Renewal Subscriptions (Sales Units)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900,000	600,000	375,000	300,000	309,000	318,270	327,818	337,652	347,781	351,260	354,773	358,320	361,904	365,523	369,179	372,870	376,599	380,366	924,170	748,011	616,892	571,892	577,292	582,854	588,582	594,482
	Total Domain Years -From Sunrise Period Subscriptions (Sales Units)											857,145	642,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Domain Years (Sales Units)											857,145	642,855	-	1,260,000	840,000	525,000	420,000	432,600	445,578	458,945	472,712	486,893	491,763	496,682	501,648	506,665	511,732	516,850	522,018	527,239	532,512	537,837	543,215	548,648	548,648	548,648	548,648	548,648	1,448,648	1,148,648	923,648	848,648	857,648	866,918	876,466	886,300	896,429	899,908	903,421	906,968	910,552	914,171	917,827	921,518	925,247	929,014	1,472,818	1,296,659	1,165,540	1,120,540	1,125,940	1,131,502	1,137,230	1,143,131
	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)											-	-	-	7,245,000	4,830,000	3,018,750	2,415,000	2,487,450	2,562,074	2,638,931	2,718,095	2,799,637	2,827,639	2,855,919	2,884,476	2,913,323	2,942,460	2,971,887	3,001,604	3,031,622	3,061,942	3,092,564	3,123,489	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727
	Total Registration Revenue Renewals Term 1 (Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,175,000	3,450,000	2,156,250	1,725,000	1,776,750	1,830,053	1,884,951	1,941,496	1,999,741	2,019,742	2,039,942	2,060,340	2,080,945	2,101,757	2,122,776	2,144,003	2,165,444	2,187,102	5,313,975	4,301,063	3,547,126	3,288,376	3,319,426	3,351,408	3,384,347	3,418,274
	Total Registration Revenue Sunrise Period Subscriptions (Cash)											4,928,584	3,696,416	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Registration Revenue (Cash)											4,928,584	3,696,416	-	7,245,000	4,830,000	3,018,750	2,415,000	2,487,450	2,562,074	2,638,931	2,718,095	2,799,637	2,827,639	2,855,919	2,884,476	2,913,323	2,942,460	2,971,887	3,001,604	3,031,622	3,061,942	3,092,564	3,123,489	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	8,329,727	6,604,727	5,310,977	4,879,727	4,931,477	4,984,779	5,039,677	5,096,223	5,154,467	5,174,469	5,194,668	5,215,067	5,235,672	5,256,484	5,277,503	5,298,729	5,320,171	5,341,828	8,468,701	7,455,790	6,701,853	6,443,103	6,474,153	6,506,134	6,539,073	6,573,000
	Total Registration Revenue - Term 1 (Accrual)											-	-	-	287,500	479,167	598,958	694,792	793,500	895,170	999,889	1,107,750	1,218,847	1,331,055	1,444,385	1,558,848	1,674,456	1,791,220	1,909,152	2,028,264	2,148,566	2,270,072	2,392,793	2,516,741	2,641,928	2,767,116	2,892,303	3,017,491	3,142,678	3,267,866	3,105,553	3,039,074	3,044,470	3,073,824	3,100,304	3,123,822	3,144,290	3,161,616	3,175,707	3,188,687	3,200,544	3,211,269	3,220,848	3,229,271	3,236,527	3,242,603	3,247,488	3,251,170	3,253,637	3,254,877	3,254,877	3,254,877	3,254,877	3,254,877	3,254,877
	Total Registration Revenue Renewals - Term 1 (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	287,500	479,167	598,958	694,792	793,500	895,170	999,889	1,107,750	1,218,847	1,331,055	1,444,385	1,558,848	1,674,456	1,791,220	1,909,152	2,028,264	2,148,566	2,270,072	2,277,793	2,325,074	2,402,345	2,489,199	2,574,903	2,659,423	2,742,723	2,824,766
	Total Registration Revenue - Sunrise Period Subscriptions (Accrual)											82,143	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750	143,750
	Total Registration Revenue (Accrual)											82,143	143,750	143,750	431,250	622,917	742,708	838,542	937,250	1,038,920	1,143,639	1,251,500	1,362,597	1,474,805	1,588,135	1,702,598	1,818,206	1,934,970	2,052,902	2,172,014	2,292,316	2,413,822	2,536,543	2,660,491	2,785,678	2,910,866	3,036,053	3,161,241	3,286,428	3,699,116	3,728,470	3,781,783	3,883,012	4,011,074	4,139,223	4,267,461	4,395,790	4,524,213	4,650,512	4,776,822	4,903,142	5,029,475	5,155,818	5,282,174	5,408,541	5,534,919	5,661,310	5,672,713	5,722,461	5,800,971	5,887,826	5,973,530	6,058,050	6,141,349	6,223,393
	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											3,429	2,571	-	12,000	8,000	5,000	4,000	4,120	4,244	4,371	4,502	4,637	4,683	4,730	4,778	4,825	4,874	4,922	4,972	5,021	5,072	5,122	5,173	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225	5,225
	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)											1,714	1,286	-	6,000	4,000	2,500	2,000	2,060	2,122	2,185	2,251	2,319	2,342	2,365	2,389	2,413	2,437	2,461	2,486	2,511	2,536	2,561	2,587	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613
	Total Transfer Revenue (Cash)											9,857	7,393	-	34,500	23,000	14,375	11,500	11,845	12,200	12,566	12,943	13,332	13,465	13,600	13,736	13,873	14,012	14,152	14,293	14,436	14,581	14,726	14,874	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023
	Total Transfer Revenue (Accrual)											1,643	2,875	2,875	8,625	12,458	14,854	15,128	15,870	17,903	14,248	12,572	12,398	12,725	13,018	13,274	13,491	13,669	13,806	13,944	14,084	14,224	14,367	14,510	14,656	14,777	14,875	14,948	14,998	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023	15,023
	Fee to ICANN Per Sales Unit (Paid Annually)	$0.20										34,286	25,714	-	120,000	80,000	50,000	40,000	41,200	42,436	43,709	45,020	46,371	115,406	98,731	47,776	168,254	128,736	99,224	89,716	91,413	93,151	94,932	96,755	98,623	136,801	127,841	100,028	112,506	180,989	154,476	135,968	130,585	131,931	133,307	134,714	136,154	171,296	163,050	137,664	137,995	174,330	162,669	154,010	151,355	152,064	152,787	196,724	183,077	207,278	195,246	170,104	170,691	171,292	171,909
Registry Operator
	Registry Fees
	Total Sales Units - Term 1 (From Above)											-	-	-	1,260,000	840,000	525,000	420,000	432,600	445,578	458,945	472,712	486,893	491,763	496,682	501,648	506,665	511,732	516,850	522,018	527,239	532,512	537,837	543,215	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648	548,648
	Total Sales Units - Term 1 Renewals (From Above)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900,000	600,000	375,000	300,000	309,000	318,270	327,818	337,652	347,781	351,260	354,773	358,320	361,904	365,523	369,179	372,870	376,599	380,366	924,170	748,011	616,892	571,892	577,292	582,854	588,582	594,482
	Total Sales Units - Sunrise Period Subscriptions (From Above)											857,145	642,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Total Sales Units - Incremental Yield from Transfers (From Above)											1,714	1,286	-	6,000	4,000	2,500	2,000	2,060	2,122	2,185	2,251	2,319	2,342	2,365	2,389	2,413	2,437	2,461	2,486	2,511	2,536	2,561	2,587	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613	2,613
	Total Sales Units											858,859	644,141	-	1,266,000	844,000	527,500	422,000	434,660	447,700	461,130	474,963	489,212	494,105	499,047	504,037	509,078	514,169	519,311	524,504	529,749	535,047	540,398	545,802	551,261	551,261	551,261	551,261	551,261	1,451,261	1,151,261	926,261	851,261	860,261	869,531	879,078	888,912	899,042	902,520	906,033	909,581	913,164	916,784	920,439	924,131	927,860	931,626	1,475,430	1,299,272	1,168,152	1,123,152	1,128,552	1,134,114	1,139,843	1,145,743
	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	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	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)											-	-	-	1,770,000	1,180,000	737,500	590,000	607,700	625,931	644,708	664,048	683,969	1,196,526	1,077,004	704,696	2,481,744	1,898,862	1,463,551	1,323,311	1,348,345	1,373,983	1,400,241	1,427,136	1,454,689	1,512,102	1,506,368	1,475,416	1,659,464	1,607,582	1,570,521	1,563,031	1,572,135	1,581,365	1,590,724	1,600,213	1,609,837	1,610,521	1,611,212	1,611,910	1,612,614	1,613,326	1,614,045	1,614,771	1,615,504	1,616,245	1,616,993	1,617,749	1,618,512	1,618,512	1,618,512	1,618,512	1,618,512	1,618,512	1,618,512
	Core Registry Fee - Term 1 Renewals (Cash)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,062,000	708,000	442,500	354,000	364,620	375,559	386,825	398,429	410,382	414,486	418,632	422,818	958,046	785,317	656,881	616,987	626,697	636,611	1,283,932	1,081,867	933,123	882,075	890,520	899,176	908,050	917,148
	Core Registry Fee - Sunrise Period Subscriptions (Cash)											505,716	379,284	-	-	-	-	-	-	-	-	-	-	505,716	379,284	-	-	-	-	-	-	-	-	-	-	505,716	379,284	-	-	-	-	-	-	-	-	-	-	505,716	379,284	-	-	-	-	-	-	-	-	-	-	505,716	379,284	-	-	-	-
	Core Registry Fee - Transfers (Cash)											5,057	3,793	-	17,700	11,800	7,375	5,900	6,077	6,259	6,447	6,640	6,840	6,908	6,977	7,047	7,117	7,189	7,261	7,333	7,406	7,481	7,555	7,631	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707
	Total Core Registry Fee (Cash)											510,773	383,077	-	1,787,700	1,191,800	744,875	595,900	613,777	632,190	651,155	670,688	690,809	1,709,150	1,463,265	711,743	2,488,861	1,906,051	1,470,812	1,330,644	1,355,751	1,381,464	1,407,796	1,434,767	1,462,396	2,025,525	1,893,359	1,483,123	1,667,171	2,677,289	2,286,228	2,013,238	1,933,842	1,953,692	1,973,990	1,994,745	2,015,973	2,534,325	2,412,690	2,038,248	2,043,139	2,579,079	2,407,069	2,279,359	2,240,198	2,250,649	2,261,311	2,909,388	2,708,086	3,065,057	2,887,579	2,516,739	2,525,395	2,534,269	2,543,367
	Core Registry Fee - Term 1 (Accrual)											-	-	-	147,500	245,833	307,292	356,458	407,100	459,261	512,987	568,324	625,321	725,032	814,782	873,507	932,819	992,724	1,053,228	1,114,337	1,176,058	1,238,395	1,301,357	1,364,947	1,429,174	1,455,472	1,491,252	1,555,479	1,486,956	1,462,682	1,471,596	1,491,573	1,510,222	1,527,504	1,543,378	1,557,801	1,570,730	1,578,931	1,587,668	1,599,043	1,595,139	1,595,617	1,599,244	1,603,556	1,607,170	1,610,077	1,612,266	1,613,727	1,614,450	1,615,116	1,615,724	1,616,275	1,616,766	1,617,198	1,617,570
	Core Registry Fee - Term 1 Renewals (Accrual)											-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,500	147,500	184,375	213,875	244,260	275,557	307,792	340,994	375,193	409,733	444,619	479,854	471,191	477,634	495,499	517,415	539,255	561,009	635,768	692,721	736,283	775,249	814,573	854,269	850,103	861,089
	Core Registry Fee - Sunrise Period (Accrual)											42,143	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750	73,750
	Core Registry Fee - Transfers											843	1,475	1,475	4,425	6,392	7,621	7,761	8,142	9,185	7,310	6,450	6,361	6,529	6,679	6,810	6,922	7,013	7,083	7,154	7,226	7,298	7,371	7,444	7,519	7,581	7,631	7,669	7,694	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707	7,707
	Core Registry Fee (Accrual)											42,986	75,225	75,225	225,675	325,975	388,663	437,970	488,992	542,196	594,046	648,524	705,432	805,310	895,211	954,067	1,013,490	1,073,487	1,134,061	1,195,241	1,257,033	1,319,443	1,382,477	1,446,142	1,510,443	1,536,803	1,572,634	1,636,898	1,568,400	1,632,639	1,700,554	1,757,405	1,805,554	1,853,221	1,900,391	1,947,050	1,993,181	2,035,581	2,078,859	2,125,119	2,156,450	2,148,266	2,158,336	2,180,513	2,206,042	2,230,789	2,254,732	2,330,952	2,388,629	2,432,856	2,472,430	2,512,305	2,552,493	2,548,758	2,560,116
	Total Registry Operations											42,986	75,225	75,225	225,675	325,975	388,663	437,970	488,992	542,196	594,046	648,524	705,432	805,310	895,211	954,067	1,013,490	1,073,487	1,134,061	1,195,241	1,257,033	1,319,443	1,382,477	1,446,142	1,510,443	1,536,803	1,572,634	1,636,898	1,568,400	1,632,639	1,700,554	1,757,405	1,805,554	1,853,221	1,900,391	1,947,050	1,993,181	2,035,581	2,078,859	2,125,119	2,156,450	2,148,266	2,158,336	2,180,513	2,206,042	2,230,789	2,254,732	2,330,952	2,388,629	2,432,856	2,472,430	2,512,305	2,552,493	2,548,758	2,560,116
						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					-	29,688	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	131,979	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	134,141	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	136,410	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	138,793	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	141,295
	Equipment Operating Leases					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Remote Centers					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Network Operations Center					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Other Systems Development & Support
	Total Systems Development & Support					-	29,688	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	43,229	131,979	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	134,141	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	136,410	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	138,793	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	141,295
Customer Service
	Labor					-	-	3,646	26,042	42,396	42,396	42,396	42,396	48,542	48,542	48,542	114,917	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	117,344	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	119,892	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	122,568	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	125,378
	Other Customer Service
	Total Customer Service					-	-	3,646	26,042	42,396	42,396	42,396	42,396	48,542	48,542	48,542	114,917	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	117,344	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	119,892	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	122,568	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	125,378
Marketing & Sales
	Labor					-	19,271	32,813	32,813	32,813	32,813	32,813	32,813	40,625	40,625	40,625	98,750	42,656	42,656	42,656	42,656	42,656	42,656	42,656	42,656	42,656	42,656	42,656	100,781	44,789	44,789	44,789	44,789	44,789	44,789	44,789	44,789	44,789	44,789	44,789	102,914	47,029	47,029	47,029	47,029	47,029	47,029	47,029	47,029	47,029	47,029	47,029	105,154	49,380	49,380	49,380	49,380	49,380	49,380	49,380	49,380	49,380	49,380	49,380	107,505
	Advertising & Promotion:
	Media					-	-	-	-	-	-	350,000	350,000	350,000	1,000,000	1,000,000	1,000,000	395,947	395,947	395,947	395,947	395,947	395,947	395,947	395,947	395,947	395,947	395,947	395,947	328,714	328,714	328,714	328,714	328,714	328,714	328,714	328,714	328,714	328,714	328,714	328,714	221,853	221,853	221,853	221,853	221,853	221,853	221,853	221,853	221,853	221,853	221,853	221,853	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					-	-	-	-	-	-	-	-	-	1,000,000	1,000,000	1,000,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000
	Production					-	-	-	-	-	100,000	100,000	100,000	1,000,000	200,000	100,000	-	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	124,363	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	111,060	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	104,607	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530	98,530
	Research					-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	23,318	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	20,824	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	19,614	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474	18,474
	Agency Fee					100,000	100,000	100,000	100,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	147,681	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	131,883	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	124,221	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005	117,005
	Public Relations					200,000	200,000	200,000	300,000	400,000	400,000	400,000	400,000	500,000	500,000	500,000	500,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	166,667	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333	83,333
	Total Marketing & Sales					300,000	319,271	332,813	432,813	632,813	732,813	1,132,813	1,132,813	2,140,625	2,990,625	2,890,625	2,848,750	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,233,964	1,292,089	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,053,937	1,112,062	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	908,783	985,019	985,019	985,019	985,019	985,019	985,019	985,019	985,019	985,019	985,019	985,019	1,043,144
General & Administrative
	Labor					-	20,313	28,646	65,104	74,479	74,479	74,479	74,479	74,479	74,479	74,479	184,167	78,203	78,203	84,219	88,047	88,047	88,047	88,047	88,047	88,047	88,047	88,047	197,734	92,449	92,449	92,449	92,449	92,449	92,449	92,449	92,449	92,449	92,449	92,449	202,137	97,072	97,072	97,072	97,072	97,072	97,072	97,072	97,072	97,072	97,072	97,072	206,759	101,925	101,925	101,925	101,925	101,925	101,925	101,925	101,925	101,925	101,925	101,925	211,613
	Rent					-	3,675	7,963	12,250	16,538	16,538	16,538	16,538	18,375	18,375	18,375	18,375	18,375	18,375	18,988	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213	20,213
	Telecommunications					20,000	20,288	20,624	20,960	21,296	21,296	21,296	21,296	21,440	21,440	21,440	21,440	21,440	21,440	21,488	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584	21,584
	Materials & Supplies					-	1,200	2,600	4,000	5,400	5,400	5,400	5,400	6,000	6,000	6,000	6,000	6,240	6,240	6,448	6,864	6,864	6,864	6,864	6,864	6,864	6,864	6,864	6,864	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,139	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,424	7,721	7,721	7,721	7,721	7,721	7,721	7,721	7,721	7,721	7,721	7,721	7,721
	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					-	-	-	-	-	-	20,571	15,429	-	72,000	48,000	30,000	24,960	25,709	26,480	27,274	28,093	28,935	29,225	29,517	29,812	30,110	30,412	30,716	32,264	32,586	32,912	33,241	33,574	33,910	33,910	33,910	33,910	33,910	33,910	33,910	35,266	35,266	35,266	35,266	35,266	35,266	35,266	35,266	35,266	35,266	35,266	35,266	36,677	36,677	36,677	36,677	36,677	36,677	36,677	36,677	36,677	36,677	36,677	36,677
	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					7,500	8,100	11,200	11,900	12,600	12,600	12,600	12,600	12,900	12,900	12,900	12,900	13,296	13,296	13,396	13,596	13,596	13,596	13,596	13,596	13,596	13,596	13,596	13,596	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,008	14,436	14,436	14,436	14,436	14,436	14,436	14,436	14,436	14,436	14,436	14,436	14,436	13,200	13,200	13,200	13,200	13,200	13,200	13,200	13,200	13,200	13,200	13,200	13,200
	Total G&A					223,500	254,176	271,632	317,814	333,913	235,113	255,684	250,541	237,994	309,994	285,994	377,682	272,323	273,072	280,827	287,387	288,205	289,048	289,337	289,629	289,925	290,223	290,524	400,516	302,715	303,038	303,364	303,693	304,025	304,361	304,361	304,361	304,361	304,361	304,361	414,048	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	426,244	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	437,338
R&D
	Labor					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,938	10,938	10,938	10,938	10,938	10,938	10,938	10,938	10,938	11,484	11,484	11,484	11,484	11,484	11,484	11,484	11,484	11,484	11,484	11,484	11,484	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,059	12,662	12,662	12,662	12,662	12,662	12,662	12,662	12,662	12,662	12,662	12,662	12,662
	Outsourced R&D Efforts					-	-	-	-	-	-	821	1,438	1,438	4,313	6,229	7,427	8,385	9,373	10,389	11,436	12,515	13,626	14,748	15,881	17,026	18,182	19,350	20,529	21,720	22,923	24,138	25,365	26,605	27,857	29,109	30,361	31,612	32,864	36,991	37,285	37,818	38,830	40,111	41,392	42,675	43,958	45,242	46,505	47,768	49,031	50,295	51,558	52,822	54,085	55,349	56,613	56,727	57,225	58,010	58,878	59,735	60,580	61,413	62,234
	Total R&D					-	-	-	-	-	-	821	1,438	1,438	4,313	6,229	7,427	8,385	9,373	10,389	22,374	23,452	24,563	25,686	26,819	27,963	29,120	30,287	31,467	33,205	34,408	35,623	36,850	38,089	39,341	40,593	41,845	43,097	44,349	48,476	48,769	49,876	50,889	52,169	53,451	54,733	56,016	57,301	58,564	59,827	61,090	62,353	63,617	65,483	66,747	68,011	69,275	69,389	69,886	70,671	71,540	72,397	73,242	74,075	74,895
Total Operating Expenses						523,500	603,134	651,320	819,898	1,052,350	1,053,550	1,517,929	1,545,641	2,547,053	3,622,378	3,600,594	3,869,417	2,049,002	2,101,760	2,163,736	2,234,131	2,290,505	2,349,367	2,450,657	2,541,983	2,602,279	2,663,156	2,724,622	3,109,617	2,686,275	2,749,593	2,813,544	2,878,134	2,943,370	3,009,259	3,036,871	3,073,954	3,139,470	3,072,224	3,140,590	3,531,735	3,080,732	3,129,894	3,178,841	3,227,293	3,275,234	3,322,648	3,366,333	3,410,873	3,458,397	3,490,990	3,484,070	3,818,341	3,670,213	3,697,006	3,723,016	3,748,224	3,824,558	3,882,732	3,927,744	3,968,187	4,008,918	4,049,952	4,047,050	4,382,166
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)						(523,500)	(603,134)	(651,320)	(819,898)	(1,052,350)	(1,053,550)	(1,434,143)	(1,399,016)	(2,400,428)	(3,182,503)	(2,965,219)	(3,111,855)	(1,195,332)	(1,148,640)	(1,106,913)	(1,076,244)	(1,026,433)	(974,372)	(963,127)	(940,830)	(886,407)	(831,459)	(775,982)	(1,042,909)	(500,317)	(443,193)	(385,497)	(327,225)	(268,369)	(208,926)	(111,229)	(23,026)	36,719	229,202	573,548	211,757	716,073	768,141	847,256	926,953	1,007,250	1,088,164	1,172,903	1,254,661	1,333,448	1,427,174	1,560,428	1,352,500	1,626,983	1,726,557	1,826,925	1,928,109	1,863,177	1,854,752	1,888,249	1,934,661	1,979,634	2,023,121	2,109,322	1,856,249
Depreciation & Amortization						-	4,861	14,139	16,569	17,250	17,931	17,931	17,931	17,931	18,222	18,222	18,222	18,222	18,222	18,222	18,319	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	13,833	4,556	2,125	1,444	764	764	764	764	472	472	472	472	472	472	375	-	-	-	-	-	-	-	-
Earnings Before Interest, Taxes						(523,500)	(607,995)	(665,459)	(836,467)	(1,069,600)	(1,071,481)	(1,452,074)	(1,416,947)	(2,418,358)	(3,200,725)	(2,983,441)	(3,130,077)	(1,213,554)	(1,166,862)	(1,125,136)	(1,094,563)	(1,045,128)	(993,067)	(981,821)	(959,525)	(905,101)	(850,153)	(794,676)	(1,061,603)	(519,012)	(461,887)	(404,192)	(345,919)	(287,064)	(227,620)	(129,923)	(41,720)	18,025	210,508	554,854	193,063	697,379	754,307	842,700	924,828	1,005,805	1,087,400	1,172,139	1,253,897	1,332,684	1,426,702	1,559,955	1,352,028	1,626,511	1,726,085	1,826,453	1,927,734	1,863,177	1,854,752	1,888,249	1,934,661	1,979,634	2,023,121	2,109,322	1,856,249
Interest		1.75%				-	6,348	5,004	3,939	2,802	1,387	-	4,834	7,428	4,242	9,265	9,289	7,234	6,191	6,593	7,062	7,577	8,190	8,890	8,871	8,327	8,551	8,067	6,754	5,865	5,803	6,101	6,403	6,709	7,020	7,333	7,213	6,777	6,727	6,685	13,035	17,765	20,463	22,549	24,508	26,417	28,278	30,093	31,496	32,538	33,861	35,361	36,341	37,683	38,925	40,029	41,012	41,910	46,921	50,968	53,393	54,989	56,860	58,960	60,978
Pretax Consortium Profit (Before Rebates)						(523,500)	(614,343)	(670,462)	(840,406)	(1,072,402)	(1,072,868)	(1,452,074)	(1,421,781)	(2,425,786)	(3,204,967)	(2,992,707)	(3,139,366)	(1,220,788)	(1,173,054)	(1,131,729)	(1,101,625)	(1,052,705)	(1,001,257)	(990,712)	(968,395)	(913,428)	(858,705)	(802,744)	(1,068,357)	(524,877)	(467,691)	(410,293)	(352,322)	(293,773)	(234,640)	(137,256)	(48,933)	11,247	203,781	548,169	180,028	679,613	733,844	820,151	900,320	979,388	1,059,122	1,142,047	1,222,402	1,300,146	1,392,841	1,524,594	1,315,687	1,588,828	1,687,159	1,786,424	1,886,722	1,821,268	1,807,830	1,837,282	1,881,268	1,924,645	1,966,261	2,050,362	1,795,271
Rebate Pool (% of Before Tax Profits)		25%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,812	50,945	137,042	45,007	169,903	183,461	205,038	225,080	244,847	264,780	285,512	305,600	325,036	348,210	381,149	328,922	397,207	421,790	446,606	471,680	455,317	451,958	459,320	470,317	481,161	491,565	512,590	448,818
Pretax Consortium Profit						(523,500)	(614,343)	(670,462)	(840,406)	(1,072,402)	(1,072,868)	(1,452,074)	(1,421,781)	(2,425,786)	(3,204,967)	(2,992,707)	(3,139,366)	(1,220,788)	(1,173,054)	(1,131,729)	(1,101,625)	(1,052,705)	(1,001,257)	(990,712)	(968,395)	(913,428)	(858,705)	(802,744)	(1,068,357)	(524,877)	(467,691)	(410,293)	(352,322)	(293,773)	(234,640)	(137,256)	(48,933)	8,436	152,836	411,127	135,021	509,710	550,383	615,113	675,240	734,541	794,341	856,535	916,801	975,109	1,044,631	1,143,446	986,765	1,191,621	1,265,369	1,339,818	1,415,041	1,365,951	1,355,873	1,377,961	1,410,951	1,443,484	1,474,695	1,537,771	1,346,453
Estimated Stockholder Taxes		40%				-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,374	61,134	164,451	54,008	203,884	220,153	246,045	270,096	293,817	317,737	342,614	366,721	390,044	417,852	457,378	394,706	476,648	506,148	535,927	566,017	546,380	542,349	551,184	564,381	577,394	589,878	615,109	538,581
Estimated Consortium Net Income						(523,500)	(614,343)	(670,462)	(840,406)	(1,072,402)	(1,072,868)	(1,452,074)	(1,421,781)	(2,425,786)	(3,204,967)	(2,992,707)	(3,139,366)	(1,220,788)	(1,173,054)	(1,131,729)	(1,101,625)	(1,052,705)	(1,001,257)	(990,712)	(968,395)	(913,428)	(858,705)	(802,744)	(1,068,357)	(524,877)	(467,691)	(410,293)	(352,322)	(293,773)	(234,640)	(137,256)	(48,933)	5,061	91,701	246,676	81,013	305,826	330,230	369,068	405,144	440,725	476,605	513,921	550,081	585,066	626,778	686,067	592,059	714,973	759,222	803,891	849,025	819,570	813,524	826,777	846,571	866,090	884,817	922,663	807,872
						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)					-	-	-	-	-	-	4,928,584	3,696,416	-	7,245,000	4,830,000	3,018,750	2,415,000	2,487,450	2,562,074	2,638,931	2,718,095	2,799,637	2,827,639	2,855,919	2,884,476	2,913,323	2,942,460	2,971,887	3,001,604	3,031,622	3,061,942	3,092,564	3,123,489	3,154,727	3,154,727	3,154,727	3,154,727	3,154,727	8,329,727	6,604,727	5,310,977	4,879,727	4,931,477	4,984,779	5,039,677	5,096,223	5,154,467	5,174,469	5,194,668	5,215,067	5,235,672	5,256,484	5,277,503	5,298,729	5,320,171	5,341,828	8,468,701	7,455,790	6,701,853	6,443,103	6,474,153	6,506,134	6,539,073	6,573,000
Cash Outlays
	Capital Expenditures					(175,000)	(334,000)	(87,500)	(24,500)	(24,500)	-	-	-	(10,500)	-	-	-	-	-	(3,500)	(13,500)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Core Registry Fee (Cash)					-	-	-	-	-	-	(510,773)	(383,077)	-	(1,787,700)	(1,191,800)	(744,875)	(595,900)	(613,777)	(632,190)	(651,155)	(670,688)	(690,809)	(1,709,150)	(1,463,265)	(711,743)	(2,488,861)	(1,906,051)	(1,470,812)	(1,330,644)	(1,355,751)	(1,381,464)	(1,407,796)	(1,434,767)	(1,462,396)	(2,025,525)	(1,893,359)	(1,483,123)	(1,667,171)	(2,677,289)	(2,286,228)	(2,013,238)	(1,933,842)	(1,953,692)	(1,973,990)	(1,994,745)	(2,015,973)	(2,534,325)	(2,412,690)	(2,038,248)	(2,043,139)	(2,579,079)	(2,407,069)	(2,279,359)	(2,240,198)	(2,250,649)	(2,261,311)	(2,909,388)	(2,708,086)	(3,065,057)	(2,887,579)	(2,516,739)	(2,525,395)	(2,534,269)	(2,543,367)
	Systems Development & Support					-	(29,688)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(43,229)	(131,979)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(45,391)	(134,141)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(47,660)	(136,410)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(50,043)	(138,793)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(52,545)	(141,295)
	Customer Service					-	-	(3,646)	(26,042)	(42,396)	(42,396)	(42,396)	(42,396)	(48,542)	(48,542)	(48,542)	(114,917)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(50,969)	(117,344)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(53,517)	(119,892)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(56,193)	(122,568)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(59,003)	(125,378)
	Marketing					(300,000)	(319,271)	(332,813)	(432,813)	(632,813)	(732,813)	(1,132,813)	(1,132,813)	(2,140,625)	(2,990,625)	(2,890,625)	(2,848,750)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,233,964)	(1,292,089)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,053,937)	(1,112,062)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(850,658)	(908,783)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(985,019)	(1,043,144)
	G&A					(223,500)	(254,176)	(271,632)	(317,814)	(333,913)	(235,113)	(255,684)	(250,541)	(237,994)	(309,994)	(285,994)	(377,682)	(272,323)	(273,072)	(280,827)	(287,387)	(288,205)	(289,048)	(289,337)	(289,629)	(289,925)	(290,223)	(290,524)	(400,516)	(302,715)	(303,038)	(303,364)	(303,693)	(304,025)	(304,361)	(304,361)	(304,361)	(304,361)	(304,361)	(304,361)	(414,048)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(316,557)	(426,244)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(327,650)	(437,338)
	R&D					-	-	-	-	-	-	(821)	(1,438)	(1,438)	(4,313)	(6,229)	(7,427)	(8,385)	(9,373)	(10,389)	(22,374)	(23,452)	(24,563)	(25,686)	(26,819)	(27,963)	(29,120)	(30,287)	(31,467)	(33,205)	(34,408)	(35,623)	(36,850)	(38,089)	(39,341)	(40,593)	(41,845)	(43,097)	(44,349)	(48,476)	(48,769)	(49,876)	(50,889)	(52,169)	(53,451)	(54,733)	(56,016)	(57,301)	(58,564)	(59,827)	(61,090)	(62,353)	(63,617)	(65,483)	(66,747)	(68,011)	(69,275)	(69,389)	(69,886)	(70,671)	(71,540)	(72,397)	(73,242)	(74,075)	(74,895)
	Total					(698,500)	(937,134)	(738,820)	(844,398)	(1,076,850)	(1,053,550)	(1,985,716)	(1,853,493)	(2,482,328)	(5,184,403)	(4,466,419)	(4,225,630)	(2,206,932)	(2,226,545)	(2,257,231)	(2,304,739)	(2,312,670)	(2,334,744)	(3,354,496)	(3,110,037)	(2,359,955)	(4,138,527)	(3,557,185)	(3,446,367)	(2,821,678)	(2,848,311)	(2,875,564)	(2,903,453)	(2,931,996)	(2,961,213)	(3,525,593)	(3,394,679)	(2,985,695)	(3,170,994)	(4,185,240)	(4,117,410)	(3,336,565)	(3,258,181)	(3,279,312)	(3,300,891)	(3,322,929)	(3,345,440)	(3,865,076)	(3,744,704)	(3,371,526)	(3,377,680)	(3,914,883)	(4,067,074)	(3,769,059)	(3,731,162)	(3,742,877)	(3,754,803)	(4,402,994)	(4,202,190)	(4,559,946)	(4,383,335)	(4,013,353)	(4,022,854)	(4,032,561)	(4,365,417)
Interest*		6%				-	(3,493)	(8,196)	(11,931)	(16,212)	(21,678)	(27,054)	(12,475)	(3,322)	(15,751)	(5,527)	(3,736)	(9,789)	(8,798)	(7,537)	(6,051)	(4,410)	(2,405)	(93)	(2,727)	(4,012)	(1,409)	(7,542)	(10,653)	(13,079)	(12,245)	(11,390)	(10,515)	(9,622)	(8,712)	(7,788)	(9,682)	(10,930)	(10,170)	(10,863)	8,298	20,281	28,385	34,617	40,796	46,943	53,068	59,175	62,777	66,878	72,753	78,473	81,277	84,012	87,605	91,241	94,671	97,891	113,701	125,566	131,851	137,635	145,335	153,071	160,730
Rebates						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(2,812)	(50,945)	(137,042)	(45,007)	(169,903)	(183,461)	(205,038)	(225,080)	(244,847)	(264,780)	(285,512)	(305,600)	(325,036)	(348,210)	(381,149)	(328,922)	(397,207)	(421,790)	(446,606)	(471,680)	(455,317)	(451,958)	(459,320)	(470,317)	(481,161)	(491,565)	(512,590)	(448,818)
Net Cash from Operating Before Taxes						(698,500)	(940,626)	(747,015)	(856,328)	(1,093,063)	(1,075,228)	2,915,814	1,830,448	(2,485,650)	2,044,847	358,054	(1,210,616)	198,278	252,107	297,306	328,141	401,015	462,488	(526,950)	(256,846)	520,510	(1,226,613)	(622,267)	(485,134)	166,847	171,066	174,989	178,597	181,871	184,802	(378,654)	(249,634)	155,290	(77,383)	3,996,582	2,450,608	1,824,789	1,466,470	1,481,744	1,499,603	1,518,845	1,539,071	1,063,054	1,186,941	1,564,985	1,561,930	1,018,113	941,765	1,195,249	1,233,382	1,221,929	1,210,017	3,708,282	2,915,344	1,808,153	1,721,301	2,117,274	2,137,050	2,146,992	1,919,496
	Equity Financing (Enter Number as a Positive)
	Debt Financing (Enter Number as a Positive)					-
	Disbursements (Enter Number as a Negative)						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(3,374)	(61,134)	(164,451)	(54,008)	(203,884)	(220,153)	(246,045)	(270,096)	(293,817)	(317,737)	(342,614)	(366,721)	(390,044)	(417,852)	(457,378)	(394,706)	(476,648)	(506,148)	(535,927)	(566,017)	(546,380)	(542,349)	(551,184)	(564,381)	(577,394)	(589,878)	(615,109)	(538,581)
Cumulative Cash Balance After Disbursements						(698,500)	(1,639,126)	(2,386,142)	(3,242,470)	(4,335,533)	(5,410,760)	(2,494,946)	(664,498)	(3,150,148)	(1,105,301)	(747,247)	(1,957,863)	(1,759,584)	(1,507,477)	(1,210,172)	(882,031)	(481,016)	(18,528)	(545,478)	(802,324)	(281,814)	(1,508,427)	(2,130,695)	(2,615,828)	(2,448,982)	(2,277,915)	(2,102,927)	(1,924,330)	(1,742,459)	(1,557,657)	(1,936,312)	(2,185,946)	(2,034,030)	(2,172,548)	1,659,583	4,056,182	5,677,088	6,923,404	8,159,103	9,388,610	10,613,638	11,834,972	12,555,412	13,375,633	14,550,574	15,694,651	16,255,386	16,802,445	17,521,046	18,248,280	18,934,283	19,578,283	22,740,184	25,113,179	26,370,147	27,527,067	29,066,948	30,614,119	32,146,003	33,526,918
	Debt Balance					-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
*Function as percent of previous period Cash Balance After Debt & Equity Financing and Disbursements Debt Balance.
Financing
	Debt
	Equity
Cash Balance
	ST Investments
	Cash
						gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM												gTLD CONSORTIUM
						Balance Sheet												Balance Sheet												Balance Sheet												Balance Sheet												Balance Sheet
gTLD BALANCE SHEET
		Period				Year 1 Month 1	Year 1 Month 2	Year 1 Month 3	Year 1 Month 4	Year 1 Month 5	Year 1 Month 6	Year 1 Month 7	Year 1 Month 8	Year 1 Month 9	Year 1 Month 10	Year 1 Month 11	Year 1 Month 12	Year 2 Month 1	Year 2 Month 2	Year 2 Month 3	Year 2 Month 4	Year 2 Month 5	Year 2 Month 6	Year 2 Month 7	Year 2 Month 8	Year 2 Month 9	Year 2 Month 10	Year 2 Month 11	Year 2 Month 12	Year 3  Month 1	Year 3  Month 2	Year 3  Month 3	Year 3  Month 4	Year 3  Month 5	Year 3  Month 6	Year 3  Month 7	Year 3  Month 8	Year 3  Month 9	Year 3  Month 10	Year 3  Month 11	Year 3  Month 12	Year 4  Month 1	Year 4  Month 2	Year 4  Month 3	Year 4  Month 4	Year 4  Month 5	Year 4  Month 6	Year 4  Month 7	Year 4  Month 8	Year 4  Month 9	Year 4  Month 10	Year 4  Month 11	Year 4  Month 12	Year 5  Month 1	Year 5  Month 2	Year 5  Month 3	Year 5  Month 4	Year 5  Month 5	Year 5  Month 6	Year 5  Month 7	Year 5  Month 8	Year 5  Month 9	Year 5  Month 10	Year 5  Month 11	Year 5  Month 12
Current Assets:
Cash						$4,353,250	$3,431,112	$2,700,965	$1,921,223	$950,936	($103,401)	$3,314,586	$5,093,341	$2,909,030	$6,353,298	$6,369,705	$4,960,202	$4,245,587	$4,520,965	$4,842,387	$5,195,853	$5,616,281	$6,096,241	$6,082,713	$5,709,960	$5,863,704	$5,531,952	$4,631,333	$4,021,545	$3,979,307	$4,183,365	$4,390,635	$4,600,787	$4,813,476	$5,028,349	$4,946,111	$4,647,259	$4,612,605	$4,583,951	$8,938,279	$12,181,743	$14,031,953	$15,462,364	$16,805,329	$18,114,423	$19,390,852	$20,634,868	$21,597,031	$22,311,742	$23,219,189	$24,247,501	$24,919,726	$25,839,760	$26,691,718	$27,448,613	$28,122,532	$28,738,013	$32,174,719	$34,949,378	$36,612,074	$37,706,440	$38,989,697	$40,429,549	$41,813,352	$43,125,019
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	$467,787	$775,639	$700,414	$2,262,439	$3,128,264	$3,484,477	$3,642,407	$3,767,192	$3,857,186	$3,914,295	$3,936,459	$3,921,837	$4,825,676	$5,393,730	$5,151,406	$6,626,777	$7,459,341	$7,796,091	$7,931,494	$8,030,211	$8,092,232	$8,117,551	$8,106,176	$8,058,130	$8,546,851	$8,867,577	$8,713,802	$8,812,572	$9,857,222	$9,469,397	$9,164,729	$9,034,892	$8,995,238	$8,948,476	$8,896,169	$8,839,928	$9,281,238	$9,579,880	$9,488,256	$9,400,933	$9,888,783	$9,650,661	$9,441,825	$9,314,599	$9,234,888	$9,154,025	$9,656,859	$9,328,153	$9,571,208	$9,789,516	$9,687,124	$9,584,080	$9,524,683	$9,449,987
Other Current Assets						$0	$0	$0	$0	$0	$0	$2,464	$4,313	$4,313	$12,938	$18,688	$22,281	$25,156	$28,118	$31,168	$34,309	$37,545	$40,878	$44,244	$47,644	$51,078	$54,546	$58,049	$61,587	$65,160	$68,769	$72,415	$76,096	$79,815	$83,570	$87,326	$91,082	$94,837	$98,593	$110,973	$111,854	$113,453	$116,490	$120,332	$124,177	$128,024	$131,874	$135,726	$139,515	$143,305	$147,094	$150,884	$154,675	$158,465	$162,256	$166,048	$169,839	$170,181	$171,674	$174,029	$176,635	$179,206	$181,741	$184,240	$186,702
Total Current Assets						$4,353,250	$3,431,112	$2,700,965	$1,921,223	$950,936	($103,401)	$3,784,837	$5,873,292	$3,613,757	$8,628,674	$9,516,657	$8,466,960	$7,913,151	$8,316,275	$8,730,741	$9,144,457	$9,590,285	$10,058,956	$10,952,632	$11,151,335	$11,066,189	$12,213,275	$12,148,723	$11,879,223	$11,975,961	$12,282,346	$12,555,281	$12,794,434	$12,999,467	$13,170,049	$13,580,288	$13,605,917	$13,421,244	$13,495,117	$18,906,474	$21,762,993	$23,310,136	$24,613,747	$25,920,899	$27,187,077	$28,415,046	$29,606,669	$31,013,995	$32,031,137	$32,850,750	$33,795,528	$34,959,393	$35,645,096	$36,292,007	$36,925,469	$37,523,468	$38,061,877	$42,001,759	$44,449,205	$46,357,311	$47,672,591	$48,856,027	$50,195,370	$51,522,276	$52,761,708
Fixed Assets:
Plant, Property, & Equipment						$175,000	$509,000	$596,500	$621,000	$645,500	$645,500	$645,500	$645,500	$656,000	$656,000	$656,000	$656,000	$656,000	$656,000	$659,500	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000	$673,000
Accumulated Depreciation						$0	($4,861)	($19,000)	($35,569)	($52,819)	($70,750)	($88,681)	($106,611)	($124,542)	($142,764)	($160,986)	($179,208)	($197,431)	($215,653)	($233,875)	($252,194)	($270,889)	($289,583)	($308,278)	($326,972)	($345,667)	($364,361)	($383,056)	($401,750)	($420,444)	($439,139)	($457,833)	($476,528)	($495,222)	($513,917)	($532,611)	($551,306)	($570,000)	($588,694)	($607,389)	($626,083)	($644,778)	($658,611)	($663,167)	($665,292)	($666,736)	($667,500)	($668,264)	($669,028)	($669,792)	($670,264)	($670,736)	($671,208)	($671,681)	($672,153)	($672,625)	($673,000)	($673,000)	($673,000)	($673,000)	($673,000)	($673,000)	($673,000)	($673,000)	($673,000)
Total Fixed Assets						$175,000	$504,139	$577,500	$585,431	$592,681	$574,750	$556,819	$538,889	$531,458	$513,236	$495,014	$476,792	$458,569	$440,347	$425,625	$420,806	$402,111	$383,417	$364,722	$346,028	$327,333	$308,639	$289,944	$271,250	$252,556	$233,861	$215,167	$196,472	$177,778	$159,083	$140,389	$121,694	$103,000	$84,306	$65,611	$46,917	$28,222	$14,389	$9,833	$7,708	$6,264	$5,500	$4,736	$3,972	$3,208	$2,736	$2,264	$1,792	$1,319	$847	$375	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Assets						$4,528,250	$3,935,251	$3,278,465	$2,506,654	$1,543,617	$471,349	$4,341,657	$6,412,181	$4,145,215	$9,141,911	$10,011,671	$8,943,752	$8,371,720	$8,756,622	$9,156,366	$9,565,263	$9,992,396	$10,442,372	$11,317,355	$11,497,362	$11,393,522	$12,521,914	$12,438,667	$12,150,473	$12,228,517	$12,516,207	$12,770,448	$12,990,906	$13,177,244	$13,329,133	$13,720,677	$13,727,611	$13,524,244	$13,579,422	$18,972,085	$21,809,910	$23,338,358	$24,628,136	$25,930,732	$27,194,785	$28,421,310	$29,612,169	$31,018,732	$32,035,109	$32,853,958	$33,798,264	$34,961,657	$35,646,887	$36,293,327	$36,926,316	$37,523,843	$38,061,877	$42,001,759	$44,449,205	$46,357,311	$47,672,591	$48,856,027	$50,195,370	$51,522,276	$52,761,708
Current Liabilities:
Accounts Payable						261,750	283,095	296,771	365,365	474,731	475,331	941,413	875,302	1,180,747	2,537,035	2,178,043	1,971,531	1,045,541	1,055,348	1,067,336	1,082,153	1,092,868	1,103,905	1,613,781	1,491,552	1,116,511	2,005,797	1,715,126	1,573,600	1,344,199	1,357,515	1,371,142	1,385,087	1,399,358	1,413,966	1,696,156	1,630,700	1,426,208	1,518,857	2,025,980	1,905,948	1,598,311	1,559,119	1,569,684	1,580,474	1,591,492	1,602,748	1,862,566	1,802,380	1,615,791	1,618,868	1,887,470	1,877,448	1,811,059	1,792,110	1,797,968	1,803,931	2,128,026	2,027,624	2,206,502	2,118,197	1,933,206	1,937,956	1,942,810	2,023,121
Unearned Revenue						-	-	-	-	-	-	4,854,655	8,411,839	8,265,214	15,104,839	19,322,464	21,598,027	23,170,857	24,717,032	26,234,483	27,728,093	29,195,059	30,633,034	31,986,608	33,254,974	34,437,314	35,532,812	36,540,645	37,459,975	38,289,914	39,029,572	39,678,049	40,234,431	40,697,792	41,067,208	41,311,314	41,430,135	41,423,695	41,292,018	45,922,629	48,798,885	50,328,079	51,324,794	52,245,196	53,090,752	53,862,968	54,563,401	55,193,656	55,717,613	56,135,459	56,447,384	56,653,581	56,754,246	56,749,575	56,639,764	56,425,015	56,105,533	58,901,522	60,634,851	61,535,732	62,091,009	62,591,632	63,039,717	63,437,440	63,787,048
Other Current Liabilities						$0	$0	$0	$0	$0	$0	$1,643	$2,875	$2,875	$8,625	$12,458	$14,854	$16,771	$18,745	$20,778	$22,873	$25,030	$27,252	$29,496	$31,763	$34,052	$36,364	$38,699	$41,058	$43,440	$45,846	$48,276	$50,731	$53,210	$55,714	$58,217	$60,721	$63,225	$65,729	$73,982	$74,569	$75,636	$77,660	$80,221	$82,784	$85,349	$87,916	$90,484	$93,010	$95,536	$98,063	$100,589	$103,116	$105,643	$108,171	$110,698	$113,226	$113,454	$114,449	$116,019	$117,757	$119,471	$121,161	$122,827	$124,468
Total Current Liabilities						$261,750	$283,095	$296,771	$365,365	$474,731	$475,331	$5,797,711	$9,290,016	$9,448,836	$17,650,499	$21,512,965	$23,584,412	$24,233,169	$25,791,125	$27,322,597	$28,833,119	$30,312,958	$31,764,191	$33,629,885	$34,778,288	$35,587,876	$37,574,973	$38,294,470	$39,074,633	$39,677,553	$40,432,934	$41,097,468	$41,670,248	$42,150,360	$42,536,888	$43,065,688	$43,121,556	$42,913,128	$42,876,604	$48,022,591	$50,779,403	$52,002,026	$52,961,573	$53,895,102	$54,754,010	$55,539,810	$56,254,065	$57,146,706	$57,613,003	$57,846,787	$58,164,314	$58,641,640	$58,734,811	$58,666,278	$58,540,045	$58,333,681	$58,022,690	$61,143,002	$62,776,924	$63,858,254	$64,326,963	$64,644,308	$65,098,834	$65,503,077	$65,934,637
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						(523,500)	(1,137,843)	(1,808,306)	(2,648,712)	(3,721,114)	(4,793,981)	(6,246,055)	(7,667,835)	(10,093,621)	(13,298,588)	(16,291,295)	(19,430,661)	(20,651,449)	(21,824,503)	(22,956,231)	(24,057,856)	(25,110,561)	(26,111,819)	(27,102,530)	(28,070,926)	(28,984,354)	(29,843,059)	(30,645,803)	(31,714,160)	(32,239,036)	(32,706,727)	(33,117,020)	(33,469,342)	(33,763,115)	(33,997,755)	(34,135,011)	(34,183,945)	(34,178,883)	(34,087,182)	(33,840,506)	(33,759,493)	(33,453,667)	(33,123,437)	(32,754,369)	(32,349,225)	(31,908,500)	(31,431,896)	(30,917,975)	(30,367,894)	(29,782,828)	(29,156,050)	(28,469,982)	(27,877,923)	(27,162,951)	(26,403,729)	(25,599,838)	(24,750,813)	(23,931,243)	(23,117,719)	(22,290,943)	(21,444,372)	(20,578,281)	(19,693,464)	(18,770,801)	(17,962,929)
Total Owner Equity						$4,266,500	$3,652,157	$2,981,694	$2,141,288	$1,068,886	($3,981)	($1,456,055)	($2,877,835)	($5,303,621)	($8,508,588)	($11,501,295)	($14,640,661)	($15,861,449)	($17,034,503)	($18,166,231)	($19,267,856)	($20,320,561)	($21,321,819)	($22,312,530)	($23,280,926)	($24,194,354)	($25,053,059)	($25,855,803)	($26,924,160)	($27,449,036)	($27,916,727)	($28,327,020)	($28,679,342)	($28,973,115)	($29,207,755)	($29,345,011)	($29,393,945)	($29,388,883)	($29,297,182)	($29,050,506)	($28,969,493)	($28,663,667)	($28,333,437)	($27,964,369)	($27,559,225)	($27,118,500)	($26,641,896)	($26,127,975)	($25,577,894)	($24,992,828)	($24,366,050)	($23,679,982)	($23,087,923)	($22,372,951)	($21,613,729)	($20,809,838)	($19,960,813)	($19,141,243)	($18,327,719)	($17,500,943)	($16,654,372)	($15,788,281)	($14,903,464)	($13,980,801)	($13,172,929)
Total Equity & Liabilities						$4,528,250	$3,935,251	$3,278,465	$2,506,654	$1,543,617	$471,349	$4,341,657	$6,412,181	$4,145,215	$9,141,911	$10,011,671	$8,943,752	$8,371,720	$8,756,622	$9,156,366	$9,565,263	$9,992,396	$10,442,372	$11,317,355	$11,497,362	$11,393,522	$12,521,914	$12,438,667	$12,150,473	$12,228,517	$12,516,207	$12,770,448	$12,990,906	$13,177,244	$13,329,133	$13,720,677	$13,727,611	$13,524,244	$13,579,422	$18,972,085	$21,809,910	$23,338,358	$24,628,136	$25,930,732	$27,194,785	$28,421,310	$29,612,169	$31,018,732	$32,035,109	$32,853,958	$33,798,264	$34,961,657	$35,646,887	$36,293,327	$36,926,316	$37,523,843	$38,061,877	$42,001,759	$44,449,205	$46,357,311	$47,672,591	$48,856,027	$50,195,370	$51,522,276	$52,761,708
						$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$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)						-	-	-	-	-	-	255,386	191,539	-	893,850	595,900	372,438	297,950	306,889	316,095	325,577	335,344	345,404	854,575	731,633	355,871	1,244,430	953,025	735,406	665,322	677,876	690,732	703,898	717,384	731,198	1,012,762	946,680	741,562	833,585	1,338,645	1,143,114	1,006,619	966,921	976,846	986,995	997,372	1,007,986	1,267,163	1,206,345	1,019,124	1,021,570	1,289,540	1,203,535	1,139,679	1,120,099	1,125,325	1,130,656	1,454,694	1,354,043	1,532,529	1,443,789	1,258,369	1,262,698	1,267,134	1,271,683
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%	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
Accts Payable Labor						-	16,163	25,278	39,010	45,014	45,014	45,014	45,014	48,271	48,271	48,271	123,623	50,684	50,684	52,088	55,533	55,533	55,533	55,533	55,533	55,533	55,533	55,533	130,885	58,310	58,310	58,310	58,310	58,310	58,310	58,310	58,310	58,310	58,310	58,310	133,662	61,226	61,226	61,226	61,226	61,226	61,226	61,226	61,226	61,226	61,226	61,226	136,578	64,287	64,287	64,287	64,287	64,287	64,287	64,287	64,287	64,287	64,287	64,287	139,639
Salaries Payable as a % of Total Salary Expense						0%	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.)						261,750	266,932	271,493	326,355	429,717	430,317	641,013	638,750	1,132,476	1,594,914	1,533,872	1,475,471	696,907	697,775	699,153	701,042	701,991	702,967	703,673	704,386	705,106	705,833	706,567	707,309	620,567	621,330	622,100	622,878	623,664	624,458	625,084	625,710	626,336	626,962	629,025	629,172	530,466	530,972	531,612	532,253	532,894	533,536	534,178	534,810	535,441	536,073	536,704	537,336	607,093	607,725	608,356	608,988	609,045	609,294	609,687	610,121	610,550	610,972	611,389	611,799
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						-	-	-	-	-	-	2,464	4,313	4,313	12,938	18,688	22,281	25,156	28,118	31,168	34,309	37,545	40,878	44,244	47,644	51,078	54,546	58,049	61,587	65,160	68,769	72,415	76,096	79,815	83,570	87,326	91,082	94,837	98,593	110,973	111,854	113,453	116,490	120,332	124,177	128,024	131,874	135,726	139,515	143,305	147,094	150,884	154,675	158,465	162,256	166,048	169,839	170,181	171,674	174,029	176,635	179,206	181,741	184,240	186,702
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						-	-	-	-	-	-	1,643	2,875	2,875	8,625	12,458	14,854	16,771	18,745	20,778	22,873	25,030	27,252	29,496	31,763	34,052	36,364	38,699	41,058	43,440	45,846	48,276	50,731	53,210	55,714	58,217	60,721	63,225	65,729	73,982	74,569	75,636	77,660	80,221	82,784	85,349	87,916	90,484	93,010	95,536	98,063	100,589	103,116	105,643	108,171	110,698	113,226	113,454	114,449	116,019	117,757	119,471	121,161	122,827	124,468
Other Current Liabilities as a % of Revenue (Accrual)						2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%
						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						(523,500)	(614,343)	(670,462)	(840,406)	(1,072,402)	(1,072,868)	(1,452,074)	(1,421,781)	(2,425,786)	(3,204,967)	(2,992,707)	(3,139,366)	(1,220,788)	(1,173,054)	(1,131,729)	(1,101,625)	(1,052,705)	(1,001,257)	(990,712)	(968,395)	(913,428)	(858,705)	(802,744)	(1,068,357)	(524,877)	(467,691)	(410,293)	(352,322)	(293,773)	(234,640)	(137,256)	(48,933)	5,061	91,701	246,676	81,013	305,826	330,230	369,068	405,144	440,725	476,605	513,921	550,081	585,066	626,778	686,067	592,059	714,973	759,222	803,891	849,025	819,570	813,524	826,777	846,571	866,090	884,817	922,663	807,872
Add-back:  Depreciation & Amortization						-	4,861	14,139	16,569	17,250	17,931	17,931	17,931	17,931	18,222	18,222	18,222	18,222	18,222	18,222	18,319	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	18,694	13,833	4,556	2,125	1,444	764	764	764	764	472	472	472	472	472	472	375	-	-	-	-	-	-	-	-
Change in Accounts Receivable						-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Pre-Paid Expense						-	-	-	-	-	-	(467,787)	(307,852)	75,225	(1,562,025)	(865,825)	(356,213)	(157,930)	(124,785)	(89,994)	(57,109)	(22,165)	14,623	(903,839)	(568,055)	242,324	(1,475,371)	(832,564)	(336,750)	(135,403)	(98,718)	(62,020)	(25,319)	11,375	48,046	(488,721)	(320,726)	153,775	(98,771)	(1,044,650)	387,825	304,667	129,838	39,654	46,762	52,307	56,241	(441,310)	(298,642)	91,624	87,323	(487,850)	238,121	208,837	127,225	79,711	80,863	(502,834)	328,706	(243,055)	(218,309)	102,392	103,045	59,396	74,696
Change in Other Current Assets						-	-	-	-	-	-	(2,464)	(1,848)	-	(8,625)	(5,750)	(3,594)	(2,875)	(2,961)	(3,050)	(3,142)	(3,236)	(3,333)	(3,366)	(3,400)	(3,434)	(3,468)	(3,503)	(3,538)	(3,573)	(3,609)	(3,645)	(3,682)	(3,718)	(3,756)	(3,756)	(3,756)	(3,756)	(3,756)	(12,381)	(881)	(1,599)	(3,037)	(3,842)	(3,844)	(3,847)	(3,850)	(3,853)	(3,789)	(3,789)	(3,790)	(3,790)	(3,790)	(3,791)	(3,791)	(3,791)	(3,792)	(342)	(1,492)	(2,355)	(2,606)	(2,571)	(2,536)	(2,499)	(2,461)
Change in Accounts Payable						261,750	21,345	13,676	68,594	109,365	600	466,083	(66,111)	305,445	1,356,288	(358,992)	(206,511)	(925,990)	9,806	11,989	14,817	10,715	11,037	509,876	(122,229)	(375,041)	889,286	(290,671)	(141,526)	(229,401)	13,316	13,627	13,945	14,271	14,608	282,190	(65,457)	(204,492)	92,650	507,123	(120,032)	(307,638)	(39,192)	10,566	10,789	11,019	11,256	259,818	(60,186)	(186,589)	3,077	268,602	(10,021)	(66,389)	(18,948)	5,857	5,963	324,096	(100,402)	178,878	(88,305)	(184,991)	4,751	4,853	80,311
Change in Unearned Revenue						-	-	-	-	-	-	4,854,655	3,557,184	(146,625)	6,839,625	4,217,625	2,275,563	1,572,830	1,546,175	1,517,451	1,493,610	1,466,966	1,437,974	1,353,574	1,268,366	1,182,340	1,095,499	1,007,832	919,330	829,939	739,659	648,477	556,382	463,361	369,416	244,106	118,821	(6,440)	(131,677)	4,630,611	2,876,256	1,529,194	996,715	920,402	845,556	772,216	700,433	630,254	523,957	417,847	311,924	206,197	100,665	(4,671)	(109,811)	(214,749)	(319,482)	2,795,988	1,733,329	900,881	555,277	500,623	448,085	397,724	349,608
Change in Other Current Liabilities						-	-	-	-	-	-	1,643	1,232	-	5,750	3,833	2,396	1,917	1,974	2,033	2,094	2,157	2,222	2,244	2,267	2,289	2,312	2,335	2,359	2,382	2,406	2,430	2,454	2,479	2,504	2,504	2,504	2,504	2,504	8,254	587	1,066	2,025	2,561	2,563	2,565	2,567	2,568	2,526	2,526	2,526	2,527	2,527	2,527	2,527	2,528	2,528	228	995	1,570	1,737	1,714	1,690	1,666	1,641
Total Cash Flow from Operations						($261,750)	($588,138)	($642,647)	($755,242)	($945,787)	($1,054,337)	$3,417,987	$1,778,755	($2,173,811)	$3,444,268	$16,407	($1,409,503)	($714,615)	$275,378	$324,922	$366,966	$420,428	$479,961	($13,528)	($372,752)	$153,744	($331,752)	($900,619)	($609,788)	($42,238)	$204,058	$207,270	$210,152	$212,689	$214,873	($82,239)	($298,852)	($34,653)	($28,654)	$4,354,327	$3,243,464	$1,850,211	$1,430,411	$1,342,964	$1,309,094	$1,276,429	$1,244,015	$962,164	$714,710	$907,448	$1,028,312	$672,225	$920,033	$851,958	$756,896	$673,919	$615,480	$3,436,706	$2,774,659	$1,662,696	$1,094,366	$1,283,257	$1,439,852	$1,383,803	$1,311,667
Cash From Investing Activities:
Capital Expenditures						($175,000)	($334,000)	($87,500)	($24,500)	($24,500)	$0	$0	$0	($10,500)	$0	$0	$0	$0	$0	($3,500)	($13,500)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$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 Cash Flow from Investing Activities						($175,000)	($334,000)	($87,500)	($24,500)	($24,500)	$0	$0	$0	($10,500)	$0	$0	$0	$0	$0	($3,500)	($13,500)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$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 Before Financing						($436,750)	($922,138)	($730,147)	($779,742)	($970,287)	($1,054,337)	$3,417,987	$1,778,755	($2,184,311)	$3,444,268	$16,407	($1,409,503)	($714,615)	$275,378	$321,422	$353,466	$420,428	$479,961	($13,528)	($372,752)	$153,744	($331,752)	($900,619)	($609,788)	($42,238)	$204,058	$207,270	$210,152	$212,689	$214,873	($82,239)	($298,852)	($34,653)	($28,654)	$4,354,327	$3,243,464	$1,850,211	$1,430,411	$1,342,964	$1,309,094	$1,276,429	$1,244,015	$962,164	$714,710	$907,448	$1,028,312	$672,225	$920,033	$851,958	$756,896	$673,919	$615,480	$3,436,706	$2,774,659	$1,662,696	$1,094,366	$1,283,257	$1,439,852	$1,383,803	$1,311,667
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						$4,353,250	($922,138)	($730,147)	($779,742)	($970,287)	($1,054,337)	$3,417,987	$1,778,755	($2,184,311)	$3,444,268	$16,407	($1,409,503)	($714,615)	$275,378	$321,422	$353,466	$420,428	$479,961	($13,528)	($372,752)	$153,744	($331,752)	($900,619)	($609,788)	($42,238)	$204,058	$207,270	$210,152	$212,689	$214,873	($82,239)	($298,852)	($34,653)	($28,654)	$4,354,327	$3,243,464	$1,850,211	$1,430,411	$1,342,964	$1,309,094	$1,276,429	$1,244,015	$962,164	$714,710	$907,448	$1,028,312	$672,225	$920,033	$851,958	$756,896	$673,919	$615,480	$3,436,706	$2,774,659	$1,662,696	$1,094,366	$1,283,257	$1,439,852	$1,383,803	$1,311,667
Beginning Cash Balance						$0	$4,353,250	$3,431,112	$2,700,965	$1,921,223	$950,936	($103,401)	$3,314,586	$5,093,341	$2,909,030	$6,353,298	$6,369,705	$4,960,202	$4,245,587	$4,520,965	$4,842,387	$5,195,853	$5,616,281	$6,096,241	$6,082,713	$5,709,960	$5,863,704	$5,531,952	$4,631,333	$4,021,545	$3,979,307	$4,183,365	$4,390,635	$4,600,787	$4,813,476	$5,028,349	$4,946,111	$4,647,259	$4,612,605	$4,583,951	$8,938,279	$12,181,743	$14,031,953	$15,462,364	$16,805,329	$18,114,423	$19,390,852	$20,634,868	$21,597,031	$22,311,742	$23,219,189	$24,247,501	$24,919,726	$25,839,760	$26,691,718	$27,448,613	$28,122,532	$28,738,013	$32,174,719	$34,949,378	$36,612,074	$37,706,440	$38,989,697	$40,429,549	$41,813,352
Net Increase/(Decrease) in Cash						$4,353,250	($922,138)	($730,147)	($779,742)	($970,287)	($1,054,337)	$3,417,987	$1,778,755	($2,184,311)	$3,444,268	$16,407	($1,409,503)	($714,615)	$275,378	$321,422	$353,466	$420,428	$479,961	($13,528)	($372,752)	$153,744	($331,752)	($900,619)	($609,788)	($42,238)	$204,058	$207,270	$210,152	$212,689	$214,873	($82,239)	($298,852)	($34,653)	($28,654)	$4,354,327	$3,243,464	$1,850,211	$1,430,411	$1,342,964	$1,309,094	$1,276,429	$1,244,015	$962,164	$714,710	$907,448	$1,028,312	$672,225	$920,033	$851,958	$756,896	$673,919	$615,480	$3,436,706	$2,774,659	$1,662,696	$1,094,366	$1,283,257	$1,439,852	$1,383,803	$1,311,667
Ending Cash Balance						$4,353,250	$3,431,112	$2,700,965	$1,921,223	$950,936	($103,401)	$3,314,586	$5,093,341	$2,909,030	$6,353,298	$6,369,705	$4,960,202	$4,245,587	$4,520,965	$4,842,387	$5,195,853	$5,616,281	$6,096,241	$6,082,713	$5,709,960	$5,863,704	$5,531,952	$4,631,333	$4,021,545	$3,979,307	$4,183,365	$4,390,635	$4,600,787	$4,813,476	$5,028,349	$4,946,111	$4,647,259	$4,612,605	$4,583,951	$8,938,279	$12,181,743	$14,031,953	$15,462,364	$16,805,329	$18,114,423	$19,390,852	$20,634,868	$21,597,031	$22,311,742	$23,219,189	$24,247,501	$24,919,726	$25,839,760	$26,691,718	$27,448,613	$28,122,532	$28,738,013	$32,174,719	$34,949,378	$36,612,074	$37,706,440	$38,989,697	$40,429,549	$41,813,352	$43,125,019
																																																														367856.01-NYS1A
Check						($5,051,750)	($18,489)	($16,868)	($76,586)	($122,776)	($20,891)	($502,172)	$51,693	($301,339)	($1,399,421)	$341,647	$198,887	$912,893	($23,271)	($24,116)	($25,325)	($19,413)	($17,472)	($513,421)	$115,906	$366,766	($894,861)	$278,352	$124,654	$209,085	($32,991)	($32,281)	($31,555)	($30,818)	($30,072)	($296,416)	$49,218	$189,943	($48,729)	($357,745)	($792,856)	($25,422)	$36,059	$138,779	$190,509	$242,416	$295,056	$100,890	$472,231	$657,537	$533,618	$345,888	$21,732	$343,291	$476,487	$548,010	$594,536	$271,576	$140,684	$145,457	$626,935	$834,017	$697,198	$763,189	$607,829
Check						($5,051,750)	($5,070,239)	($5,087,107)	($5,163,693)	($5,286,469)	($5,307,360)	($5,809,532)	($5,757,839)	($6,059,178)	($7,458,599)	($7,116,952)	($6,918,065)	($6,005,172)	($6,028,443)	($6,052,559)	($6,077,884)	($6,097,297)	($6,114,769)	($6,628,191)	($6,512,284)	($6,145,519)	($7,040,379)	($6,762,027)	($6,637,374)	($6,428,289)	($6,461,280)	($6,493,561)	($6,525,117)	($6,555,935)	($6,586,006)	($6,882,422)	($6,833,205)	($6,646,636)	($6,756,500)	($7,278,696)	($8,125,560)	($8,354,866)	($8,538,960)	($8,646,226)	($8,725,814)	($8,777,215)	($8,799,896)	($9,041,619)	($8,936,109)	($8,668,616)	($8,552,850)	($8,664,340)	($9,037,315)	($9,170,672)	($9,200,333)	($9,188,250)	($9,159,730)	($9,434,535)	($9,836,200)	($10,241,927)	($10,179,373)	($9,922,749)	($9,815,430)	($9,667,349)	($9,598,101)