Bodyscan 3D, LP

Bodyscan 3D, LP
24 E Centennial Dr
Medford, NJ. 08055
888-708-9575
856-673-0744
info@bodyscan3d.com

Confidentiality Agreement
The undersigned reader acknowledges that the information provided by Bodyscan 3D in
this business plan is confidential; therefore, reader agrees not to disclose it without the
express written permission of Bodyscan 3D.
It is acknowledged by reader that information to be furnished in this business plan is in
all respects confidential in nature, other than information which is in the public domain
through other means and that any disclosure or use of same by reader, may cause serious
harm or damage to Bodyscan 3D or its Portfolio Companies.
Upon request, this document is to be immediately returned to Robert Marco, Managing
Principal, Bodyscan 3D.
___________________
Signature
___________________
Name (typed or printed)
___________________
Date
This is a business plan. It does not imply an offering of securities.

Table of Contents

1. Executive Summary.........................................................................................................1
1.1. Objectives.................................................................................................................2
1.2. Mission......................................................................................................................2
1.3. Keys to Success.........................................................................................................2
2. Company Summary.........................................................................................................3
2.1. Company Ownership................................................................................................3
2.2. Start-up Summary.....................................................................................................3
3. Products and Services......................................................................................................5
4. Market Analysis Summary..............................................................................................5
4.1. Market Segmentation................................................................................................5
4.2. Target Market Segment Strategy..............................................................................7
4.3. Service Business Analysis........................................................................................7
4.3.1. Competition and Buying Patterns......................................................................7
5. Strategy and Implementation Summary...........................................................................8
5.1. SWOT Analysis........................................................................................................8
5.1.1. Strengths............................................................................................................8
5.1.2. Weaknesses........................................................................................................8
5.1.3. Opportunities......................................................................................................8
5.1.4. Threats................................................................................................................9
5.2. Competitive Edge......................................................................................................9
5.3. Marketing Strategy....................................................................................................9
5.4. Sales Strategy..........................................................................................................10
5.4.1. Sales Forecast...................................................................................................10
5.5. Milestones...............................................................................................................13
6. Web Plan Summary.......................................................................................................15
6.1. Website Marketing Strategy...................................................................................16
6.2. Development Requirements....................................................................................16
7. Management Summary..................................................................................................16
7.1. Personnel Plan.........................................................................................................16
8. Financial Plan.................................................................................................................16
8.1. Start-up Funding.....................................................................................................16
8.2. Important Assumptions...........................................................................................19
8.3. Break-even Analysis...............................................................................................19
8.4. Projected Profit and Loss........................................................................................20
8.5. Projected Cash Flow...............................................................................................25
8.6. Projected Balance Sheet..........................................................................................28
8.7. Business Ratios.......................................................................................................29

Bodyscan 3D, LP

1. Executive Summary
Bodyscan 3D a Delaware Limited Partnership located in Medford NJ has been created with the
intention of achieving significant, long-term capital appreciation for its partners by ushering in the
future of retail e-commerce and 3D virtual reality with the creation of the True Avatar.
Digital Sizing of the human form opens up a seemingly endless list of products and services. It
substantially increases functionality, efficiency and productivity, from design to manufacturing and
from socializing to shopping. We believe the future of the internet is "getting IN"- the internet and
Bodyscan 3D through its portfolio of products and services will make that happen. The beginning of a
major change is underway. The internet is in the process of transitioning into the next generation
website, from a 2 dimensional brochure style website to a 3 dimensional interactive one. The
Bodyscan 3D partnership will provide a key component in that shift; the digitization of the human
form.
We believe the missing link to a revenue explosion is the presence of a company willing to supply
convenient public access to 3D scanning locations along with an expanding portfolio of retail uses in
an intriguing and exciting environment. Bodyscan 3D has put in place these missing variables. We
have arranged for the purchase of the most accurate 3D scanners available along with a solution to
integrate various software and web enabling components into a seemless product that will enable the
internet with a new level of functionality.
The process of 3d scanning has been around for some time, however, it is the recent advancements in
software that now allow that scan to be effectively used in some of the largest markets, namely apparel
and accessories which is a $250 billion market. Online & catalog sales in 2007 were estimated at $60
billion, and they couldn't try on the products. The Bodyscan 3D, True Avatar service allows you to
virtually try on and try out any product in the 3d virtual world. The partnership has recently
consummated a licensing agreement with the premier clothing simulation and design software.
We have put in place the two most important infrastructure deals needed and we have designed a
merchandising strategy for delivering a lengthy list of great products and services.
By providing the public with convenient access to digital scanning via Evolutions Digital Department
Stores, the partnership will be poised to become an integral part in building the infrastructure needed
for providing the retail shopper with a digital clone of themselves a (TRUE AVATAR ). This image
will enable an increased level of functionality for a variety of online retail and entertainment products
and services. True Avatar by Bodyscan 3D, will be at the forefront of becoming the market leader
and industry standard by providing major apparel designers & manufacturers, game & multi media
companies, medical & sporting goods manufacturers with access to the largest network of scanning
locations that will not only provide vertical system integration from manufacturing to sales but
horizontal end user compatibility for consumers (one scan for many products). The Partnership is sponsored
by 3D Consortium, LLC of which Capital Street Investments LLC is the General Partner which is
primarily managed by Robert Marco, Managing Principal of both companies.
The Partnership is initially targeted at $7 million and the Partnership will be managed in its offices
located within the Greater Philadelphia & Southern New Jersey area.

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Bodyscan 3D, LP
Highlights

$90,000,000
$80,000,000
$70,000,000
$60,000,000

Sales

$50,000,000

Gross Margin

$40,000,000

Net Profit

$30,000,000
$20,000,000
$10,000,000
$0
FY 2009

1.1.

FY 2010

FY 2011

Objectives
1.
Finalize the licensing of Optitex software and Purchase of Cyberware WBX
color 3D scanner.
2.
Complete a functional software and web integration of the technology
3.
Open one location by October 2008.
4.
Scan 100 people per day
5.
License 50 designer products by December 2008

1.2.

Mission
Provide a True Avatar Portal to the 3D virtual world of products and entertainment. Online
apparel and accessories revenue for 2007 was $26 Billion. None of these buyers were able to try
on or try out these products. The True Avatar technology will enhance the functionality of online
retail shopping by allowing the virtual fitting of apparel and accessories. The Bodyscan 3D
partnership will operate a chain of retail locations named Evolutions Digital Department Stores.
The stores will provide a multitude of 3D scanner based products and services from retail apparel
and accessories, to custom fit sports equipment and a true 3D digital image for entertainment
multi media sites and video games.

1.3.

Keys to Success
The Keys to Success are:

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Bodyscan 3D, LP
1.
Ease of use, the company must provide a functional and easy to apply scanning
process for the consumer as well as provide an expanding list of retail products and
services for that data scan.
2.
Supply, access to scanning locations must be convenient to the online shopper.
By providing supply of scanning access centers the Bodyscan 3D partnership will be
able to capture a significant portion of the online apparel and accessories market if we
also provide the same goods that are available in 2D.
3.
Discrete, the scanning process for apparel must be discrete. The consumer has
to be informed that they are the only one who will ever see their scan. A detailed
explanation of the security and scan process must be conveyed so that people will not be
intimidated by the process.
4.
Comfortable, the department store was chosen as a delivery vehicle for the
scanning process because it provides the shopper with an environment that they are used
to as well as allowing the company to offer a multitude of products and services.

2. Company Summary
Bodyscan 3D, a Delaware Limited Partnership was created as an investment partnership and parent
company for the following; Evolutions Digital Department Store, Evolutions Virtual Mall, TruE
Catalog and True Avatar Game Portal. 3D Consortium, LLC is the General Partner and responsible to
the business operating decisions and direction. Capital Street Investments will offer financial and
investment management.

2.1.

Company Ownership
3D Consortium shares 30% of the Bodyscan 3D partnership profits after the investors receive
100% ROI. The investors will share 70% of the profits. Capital Street Investments will receive a
2% per annum management fee for the financial and investment management of the partnership
and its portfolio companies.

2.2.

Start-up Summary
The major expenses go toward the leasing of a WBX 3D Cyberware color scanner,
($100,000) down payment on lease, $22,000 licensing fee for Optitex Software, and advisory fees
to software integration company and web development. Legal expenses were budgeted
for $40,000 for copyright, licensing, royalty, trademark and contracts.

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Bodyscan 3D, LP
Start-up
Requirements
Start-up Expenses
Legal
Stationery etc.
Insurance
Rent
Computer
Other
Total Start-up Expenses

$40,000
$5,000
$1,500
$16,000
$5,000
$50,000
$117,500

Start-up Assets
Cash Required
Other Current Assets
Long-term Assets
Total Assets

$300,000
$55,000
$100,000
$455,000

Total Requirements

$572,500

Start-up

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0
Expenses

Assets

Investment

Loans

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Bodyscan 3D, LP

3. Products and Services

For the consumer we provide a True Avatar image, a 3D digital clone through the process of 3D
scanning. We also provide products and services for that 3D data image. We will offer the service of
3D human scanning in a retail department store environment. The Evolutions Store will offer more
goods and services in a 5000 square foot space than a traditional department store which
typically occupies 200,000 square foot on average. The efficient use of space and the ability to not
carry inventory while still offering a great variety of products and services will allow the company a
great advantage over its competitors. The retail environment can go through great struggles when sales
slow, not having to carry the large rents and operating expenses will significantly increase our ability
to profit.
For the designer we offer retail distribution and 2D to 3D product conversion, virtual fitting, and TruE
Catalog marketing services. We will also provide 3D virtual store development and links to
manufacturing.

4. Market Analysis Summary

The target consumer market primarily are those who comprise the $26 billion in online apparel and
accessories revenue. Total online and catalog sales in 2007 were $60 billion. These consumers are
inclined to purchase merchandise through 2d pictures it would stand to reason they would easily switch
to a 3d format. The main reason most people don't make purchases online or via catalog is because
they can't try it on. Our True Avatar apparel and accessories fitting solves that problem. Total apparel
and accessories for 2007 was in excess of $250 billion.
Business service revenue will be initially targeted toward small and middle market designers. We can
offer them a retail distribution outlet with state of the art technology and marketing. The future of
ecommerce will be virtual reality. The ability to put a true digital version of yourself into the internet
or other closed networking is an instrumental part of that. We can offer these designers an edge on the
larger competition.

4.1.

Market Segmentation
Those consumers most inclined to use the service are typically those who are computer literate.
The digital department store concept will be most applicable to handle such a large and diverse
audience encompassing consumers who:

do not like or have the time to shop

are using the service for gaming and social networks

would like to have access to more goods and services from the comfort of their
homes.
The Consumer market can also be classified into subgroups depending on use of product or
services:

Virtual apparell and accessories fitting

Multi Media Online social interactive sites and gaming
Professional Studio Services
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Bodyscan 3D, LP
Business service segmentation initially will be targeted toward small and middle market
designers. These designers often do not have access to mainstream distribution or CAD
manufacturing. We can offer them a level of functionality they cannot achieve on their own by
bringing their target customers to them in the virtual world, provide them with a virtual store and
a link to CAD pattern cutting.

Market Analysis
2008
Potential
Customers
Consumer Market
100 mile radius of
scanning location
Consumer Market
- Evolutions store
in tourist
destination
Small & Middle
Market Designers
Total

Gro
wth
30%

2009

2010

2011

2012

30,000,
000

39,000,
000

50,700,
000

65,910,
000

CAG
R
85,683,0 30.00
00
%

5,000,0
00

6,500,0
00

8,450,0
00

10,985,
000

14,280,5 30.00
00
%

30% 200,000 260,000 338,000 439,400

571,220 30.00
%
100,534, 30.00
720
%

30%

30.00
%

35,200,
000

45,760,
000

59,488,
000

77,334,
400

Market Analysis (Pie)

30,000,000
25,000,000
20,000,000
15,000,000

Consumer Market 100 mile radius of scanning location

Consumer Market - Evolutions store in tourist destination
Small & Middle Market Designers

10,000,000
5,000,000
0

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Bodyscan 3D, LP

4.2.

Target Market Segment Strategy

The consumer market is so diverse and open to all who are inclined to use it. The main obstacle
is supply. The ability to get scanned in a location that is reasonably close to your home
or work is an important part of the logistics in choosing scanning locations. High population
densities and tourist destinations are the prime targets for scanning locations.
As for the Business Service Market, we are initially targeting the small and mid market designers
because they are more in need of distribution then the larger ones. They are easily approachable
and are more inclined to sign a licensing agreement on our terms. Once we develop a reputation
and track record we can than be better suited to negotiate with the larger market players.

4.3.

Service Business Analysis

The industry we are in ranges from e-commerce retail apparel and accessories to virtual reality
and multi media gaming services. The generation of the True Avatar is the last frontier in
digitization. Digital sizing of the human form enables all digital media and commerce to function
more effectively. As a provider of the data scan and owner of the data we can control the flow of
uses to our consumers and continue to capture revenue every time a purchase is made using their
data scan. The partnership will be in the middle of connecting 3D products with 3D consumers
and capitalizing off of every transaction.

4.3.1. Competition and Buying Patterns

There still is no U.S. presence of a scan based retailer worth mentioning. All attempts
have not brought the components together to make it successful. They did not integrate
the right software and uses to make it effective. Nor did they offer more than a
proprietary line of products. They technology for customization can reasonably compete
with off the rack goods. The methodology for converting 2D designs into 3D ones allows
for both off the rack and customized products to be virtually fit or created using the
dimensions of the scanned customer. The premium for customized clothing is 5-20%
depending on the merchandise.
The Bodyscan 3D Partnership has agreed to licensing terms with Optitex, a software
company whose product allows our True Avatar to be virtually fit or have custom
clothing created for it. The software is the very best in the apparel industry; used by
major designers to efficiently create a product. Virtual mannequins are built into the
program. We can replace these virtual mannequins with our True Avatar scan of the
consumer. We can integrate this software along with the PLY format of the data scan
and create a Web based flash media which is viewable almost instantaneously to the
consumer. No other retailer has attempted to do this. It is easily doable and inevitable,
we might as well be the first.
There in lies the choice, will the $60 billion in online and catalog revenue continue to go
to an outdated retail channel or will it go to the one that offers them; increased
functionality, customizable choices, 3D viewing & perfect sizing.

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Bodyscan 3D, LP
5. Strategy and Implementation Summary
Bodyscan 3D has issues a Private Placement Memorandum for equity financing with an objective of
$7 million to fund the first 10 locations and build the infrastructure. Primarily at least $600,000 is
needed for the building and beta testing of the system infrastructure. This would include the WBX
Cyberware Color Scanner, the licensing of Optitex Software, the software integration, virtual website
and data base management.

5.1.

SWOT Analysis
The SWOT analysis provides us with an opportunity to examine the internal strengths and
weaknesses Bodyscan 3D and its portfolio companies must address. It also allows us to examine
the opportunities presented to Bodyscan 3D as well as potential threats.

5.1.1. Strengths
Bodyscan 3D has a valuable inventory of strengths that will help it succeed. These
strengths include: first mover advantages, industry insight, early identification of a
market need and the ability to supply that deficiency in a reasonable time, the ability to
lock out competitors to acquiring 3D color scanners and the premier apparel simulation
software. We believe our revenue model will be a key component to our success, the free
scan and distribution royalty will create a seamless transition to the new technology.

5.1.2. Weaknesses
Weaknesses include: being an under funded start-up and the dependence on a single
scanner supplier, and the cost factor associated with keeping state-of-the art hardware and
software. As well as the rapid competition that could occur if the availablitiy and price of
scanners and turn key systems are introduced to retail competitors. All of these
vulnerablities can be used to our advantage in the future. Changes to the cost and supply
of scanning systems may intice the Bodyscan 3D partnership to invest in the scanning
manufacturer and software providers. The development of a turnkey 3D scanning system
and virtual web platform can be offered as a business service to traditional retailers in the
future once the price is compatible with keeping an inventory and scanner. We can
develop and offer this as a future revenue source.
Through constant monitoring and analysis of the industry Bodyscan 3D will be best
suited to make the necessary adjustments to keep pace with the rapidly changing markets
and technologies. Building a strond managment team and advisory board comprised of
the best and brightest is a high priority to the partnership. We will succeed through the
strengh of plan and the ability of our people.

5.1.3. Opportunities
Bodyscan 3D's strengths will help it capitalize on emerging opportunities. These
opportunities include, but are not limited to, a growing population of daily

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Bodyscan 3D, LP
Internet shoppers and Multi Media Online users, it is estimated that by 2011 80% of
internet users will participate in online virtual worlds. The technology has reached a
point that makes the scanning process commercially viable and highly functional, the
boom in online worlds and the rapid advancements in 3D software make the current
opportunity for investment nothing short of spectacular. There is a virtual gold rush that
is about to occur and Bodyscan 3D and its portfolio products and companies can be at the
forefront of this revenue explosion.

5.1.4. Threats
Threats that Bodyscan 3D should be aware of include, the rapid advance in competitive
scanning technology and software as well as well capitalized competitors entering the
space. Security is one of the most important factors to consider. We can not afford the
theft of 3D scan data. We must take the necessary precautions to not allow theft of data
on our server. The assembly of the scanned information will be encrypted and encoded
on the customer's computer so that the shift of risk is on the user and not the company.

5.2.

Competitive Edge
The advantages Bodyscan 3D has over its competitors are numerous:
1.
Reduced Costs, no inventory
2.
Efficiency, Minimal space needed, 5000 square foot of space replaces 200,000
square feet
3.
First Mover Advantages
4.
Pre-existing agreements with infrastructure suppliers. e.g. Cyberware & Optitex
5.
Pre-existing dialogue for exclusivity or out right purchase of Cyberware &
Optitex
6.
Increased functionality for the consumer, the designer and the manufacturer
7.
Vertical system integration
8.
Horizontal compatibility (one scan for many products)
9.
Annuitization of scanned data and the exponentially accelerating revenues
10.
Opportunity to establish the benchmark

5.3.

Marketing Strategy
We plan to market our business services initially to upcoming designers, offering them a thin
version of Optitex design software under the True Avatar label. We plan to run a design contest
where the winner will receive a free virtual kiosk on the Evolutions Virtual Mall. We will use
this as an opportunity to beta test functionality and populate the site with actual products. We can
offer these designers a link to manufacturing and distribution through our website.
Initially we will need to acquire scans without any products for sale. We will run promotions on
local college campuses as well as rely on existing contacts and referrals for acquiring scan data
for beta testing.

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Bodyscan 3D, LP
Once the systems are completely functional we will advertise the location on local radio,
newspaper, internet and T.V. We will also run promotional events with celebrity endorsments.

5.4.

Sales Strategy
The process of scanning is free. The charges will come from the royalty agreements with
designers for distributing their merchandise over the website, Evolutions Virtual Mall. Also,
virtual rent will be charged for designing and offering store space on the virtual site. Proactive
marketing through the TruE-Catalog will also offer tremendous revenue potential. For example,
if we have a database of one million scans we can offer for $3 per scan to the designer a custom
catalog of that scanned customer wearing whatever they want them to be seen in. There is no
better marketing information than knowing every physical aspect of the target customer than the
3D scan. If we provide 10 designers that 1 million scan data base catalog that would equal $30
million in revenue with a estimated 60% profit margin.

5.4.1. Sales Forecast

In 2009 we have assumed that if we can do 100 scans per day per scanner and if we add a
new scanning location every 3 months on average we can do 90,000 scans in 2009. Since
we own the rights to the data it can be stored and sold multiple times, therefore the
growth is exponential. 2010 we have assumed a total of 8 scanners and 2011 a total of 15
scanners. Once scanned the data can be used indefinitely.
Unit Price assumptions for Royalty Fees are as follows; each person scanned will
purchase $500 of merchandise using their scan each year and we will have a gross profit
of $100 per year per scan. That same person can make purchases in subsequent years
without getting re scanned and we would still collect a fee from that use, therefore
annuitizing the data. The same goes for TruE-Catalog. As for the Virtual Rent and
Advertising these fees are annual and will go up parallel with traffic. We have assumed
that if we charge $3 per catalog per recipient (which is in line with traditional media) and
if we contract 3 designers in the first year, 5 designers in 2010, and 10 designers in 2011
the sales will grow to $26,000,000 by the third year. This number only assumes one
catalog per customer per year, there may be multiple catalogs representing the seasons
which may increase the revenue by 400%. Virtual Rent assumptions are an average of
$5000 per year and adding 250 virtual stores by 2011.

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Bodyscan 3D, LP
Sales Forecast
Unit Sales
Scans (Royalty Fees
derived)
TruE-Catalog
Virtual Rent
Total Unit Sales
Unit Prices
Scans (Royalty Fees
derived)
TruE-Catalog
Virtual Rent
Sales
Scans (Royalty Fees
derived)
TruE-Catalog
Virtual Rent
Total Sales
Direct Unit Costs
Scans (Royalty Fees
derived)
TruE-Catalog
Virtual Rent
Direct Cost of Sales
Scans (Royalty Fees
derived)
TruE-Catalog
Virtual Rent

FY 2009

FY 2010

FY 2011

90,000

250,000

540,000

153,000
30
243,030

1,700,000
90
1,950,090

8,800,000
250
9,340,250

FY 2009
$100.00

FY 2010
$100.00

FY 2011
$100.00

$3.00
$5,000.00

$3.00
$5,000.00

$3.00
$5,000.00

$9,000,000

$25,000,000

$54,000,000

$459,000
$150,000
$9,609,000

$5,100,000
$450,000
$30,550,000

$26,400,000
$1,250,000
$81,650,000

FY 2009
$31.00

FY 2010
$31.00

FY 2011
$31.00

$0.60
$1,000.00

$0.60
$1,000.00

$0.60
$1,000.00

$2,790,000

$7,750,000

$16,740,000

$91,800
$30,000

$1,020,000
$90,000

$5,280,000
$250,000

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Bodyscan 3D, LP
Subtotal Direct Cost of
Sales

$2,911,800

$8,860,000

$22,270,000

Sales Monthly

$1,400,000
$1,200,000
$1,000,000
$800,000

Scans (Royalty Fees derived)

$600,000

TruE-Catalog

$400,000

Virtual Rent

$200,000
$0

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Bodyscan 3D, LP

Sales by Year

$90,000,000
$80,000,000
$70,000,000
$60,000,000

Scans (Royalty Fees derived)

$50,000,000

TruE-Catalog

$40,000,000

Virtual Rent

$30,000,000
$20,000,000
$10,000,000
$0
FY 2009

5.5.

FY 2010

FY 2011

Milestones
The following table represents important milestones, dates and budgets. The most important of
which is the raising of capital for implementing the remaining.

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Bodyscan 3D, LP
Milestones
Milestone

Start
Date
8/26/20
08

End
Date
9/25/20
08

Budget

License Optitex
Software

9/16/20
08

9/25/20
08

$22,000

Purchase or Lease
Cyberware Scanner

9/16/20
08

9/25/20
08

100000
to
240000

Hire Virtual Web

Developer

8/26/20
08

9/15/20
08

$100,00
0

Hire Software
Integration Specialist
Finalize First Location

8/26/20
08
8/26/20
08
8/26/20
08
8/26/20
08
8/26/20
08
8/26/20
08

9/15/20
08
9/15/20
08
9/15/20
08
9/25/20
08
9/25/20
08
9/25/20
08

$100,00
0
$72,000

Raise $600,000
through the sale of LP
Units

Start Beta Testing

Web Site
Sign 5 Designers
Name me
Name me

$0

Manage Departm
r
ent
RMarco Managi
ng
Principa
l
RMarco Managi
ng
Principa
l
RMarco Managi
ng
Principa
l
Rmarco Managi
ng
Principa
l

$25,000
$40,000
$0
$0

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Bodyscan 3D, LP
Totals

$359,00
0

Milestones

Raise $600,000 through the sale of LP Units

License Optitex Software
Purchase or Lease Cyberware Scanner
Hire Virtual Web Developer
Hire Software Integration Specialist
Finalize First Location
Start Beta Testing Web Site
Sign 5 Designers
Name me
Name me
9/1

9/8

9/15

9/22

6. Web Plan Summary

Building the Evolutions Virtual Mall and Virtual world surrounding it will allow the Scanned customer
to engage that world in a digital environment as real to life as technically possible. All business and
information can be performed in a 3D interactive format and allow the user to become engrossed in the
process. The customer can enter the website for shopping, socializing, business and education. We
plan to expand the virtual website and create a world that offers more functionality than any other site
in existence today.
Your True Avatar can be seen by everyone or you can have the function of disguising yourself as an
alternative Avatar. The opportunity to engage businesses looking to expand into the next generation of
internet technology is tremendous. By building a staff of virtual web developers we can create and
expand revenues to meet the demands of any business. Imagine a virtual college campus, where you
can interact with the 3D versions of the real people in your class. Imagine a business meeting where
you engage the customer in a virtual office built to your specifications. The customer can see the real
you dressed in a suit, but you might be sitting on a beach somewhere. The future of this is innevatible,
the abilitiy to create your True Avatar is only dependant upon access. Building these virtual worlds,
supplying the access to scan sites and integrating the software will be how the Bodyscan 3d partnership
takes its place in the next internet and technology gold rush.

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Bodyscan 3D, LP

6.1.

Website Marketing Strategy

Item body here

6.2.

Development Requirements
Item body here

7. Management Summary
Item body here

7.1.

Personnel Plan
Item body here

Personnel Plan
Name or Title or Group
Name or Title or Group
Name or Title or Group
Total People
Total Payroll

FY 2009
$0
$0
$0
0

FY 2010
$0
$0
$0
0

FY 2011
$0
$0
$0
0

$0

$0

$0

8. Financial Plan
Item body here

8.1.

Start-up Funding
Item body here

Page 16

Bodyscan 3D, LP

Page 17

Bodyscan 3D, LP
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
Assets
Non-cash Assets from Start-up
Cash Requirements from Startup
Additional Cash Raised
Cash Balance on Starting Date
Total Assets

$117,500
$455,000
$572,500
$155,000
$300,000
$0
$300,000
$455,000

Liabilities and Capital

Liabilities
Current Borrowing
Long-term Liabilities
Accounts Payable (Outstanding
Bills)
Other Current Liabilities
(interest-free)
Total Liabilities

$0
$0
$0
$0
$0

Capital
Planned Investment
Owner
Investor
Additional Investment
Requirement
Total Planned Investment
Loss at Start-up (Start-up
Expenses)
Total Capital
Total Capital and Liabilities

$0
$0
$572,500
$572,500
($117,500)
$455,000
$455,000

Page 18

Bodyscan 3D, LP
Total Funding

8.2.

$572,500

Important Assumptions
Item body here

8.3.

Break-even Analysis
Item body here

Page 19

Bodyscan 3D, LP

Break-even Analysis
Monthly Units Break-even
Monthly Revenue Break-even

0
$0

Assumptions:
Average Per-Unit Revenue
Average Per-Unit Variable
Cost
Estimated Monthly Fixed Cost

$39.54
$11.98
$0

Break-even Analysis

$350
$300
$250
$200
$150
$100
$50
$0
0

10

Monthly break-even point

Break-even point = where line intersects with 0

8.4.

Projected Profit and Loss

Item body here

Page 20

Bodyscan 3D, LP

Page 21

Bodyscan 3D, LP
Pro Forma Profit and Loss

Cost of Goods Sold

FY 2009
$9,609,000
$2,911,800
$0
-----------$2,911,800

FY 2010
$30,550,000
$8,860,000
$0
-----------$8,860,000

FY 2011
$81,650,000
$22,270,000
$0
-----------$22,270,000

Gross Margin
Gross Margin %

$6,697,200
69.70%

$21,690,000
71.00%

$59,380,000
72.73%

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

Profit Before Interest

and Taxes
EBITDA
Interest Expense
Taxes Incurred

$6,697,200

$21,690,000

$59,380,000

$6,697,200
$0
$2,009,160

$21,690,000
$0
$6,507,000

$59,380,000
$0
$17,814,000

Net Profit

$4,688,040

$15,183,000

$41,566,000

Sales
Direct Costs of Goods
Other Costs of Goods

Expenses
Payroll
Marketing/Promotion
Depreciation
Rent
Utilities
Insurance
Payroll Taxes
Other
Total Operating
Expenses

Page 22

Bodyscan 3D, LP
Net Profit/Sales

48.79%

49.70%

50.91%

Profit Monthly

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Page 23

Bodyscan 3D, LP

Profit Yearly

$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
FY 2009

FY 2010

FY 2011

Gross Margin Monthly

$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Page 24

Bodyscan 3D, LP

Gross Margin Yearly

$60,000,000

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

$0
FY 2009

8.5.

FY 2010

FY 2011

Projected Cash Flow

Item body here

Page 25

Bodyscan 3D, LP

Page 26

Bodyscan 3D, LP
Pro Forma Cash Flow
FY 2009

FY 2010

FY 2011

$9,609,000
$9,609,000

$30,550,000
$30,550,000

$81,650,000
$81,650,000

$0

$0

$0

$0
$0

$0
$0

$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$9,609,000

$30,550,000

$81,650,000

FY 2009

FY 2010

FY 2011

$0
$4,282,109
$4,282,109

$0
$14,742,810
$14,742,810

$0
$38,052,466
$38,052,466

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from
Operations
Additional Cash
Received
Sales Tax, VAT,
HST/GST Received
New Current Borrowing
New Other Liabilities
(interest-free)
New Long-term
Liabilities
Sales of Other Current
Assets
Sales of Long-term
Assets
New Investment
Received
Subtotal Cash Received
Expenditures
Expenditures from
Operations
Cash Spending
Bill Payments
Subtotal Spent on
Operations
Additional Cash Spent
Sales Tax, VAT,
HST/GST Paid Out
Principal Repayment of
Current Borrowing
Other Liabilities
Principal Repayment
Long-term Liabilities
Principal Repayment
Purchase Other Current
Assets

Page 27

Bodyscan 3D, LP
Purchase Long-term
Assets
Dividends
Subtotal Cash Spent

$0

$0

$0

$0
$4,282,109

$0
$14,742,810

$0
$38,052,466

Net Cash Flow

Cash Balance

$5,326,891
$5,626,891

$15,807,190
$21,434,081

$43,597,534
$65,031,615

Cash

$6,000,000

$5,000,000

$4,000,000

Net Cash Flow

$3,000,000

Cash Balance
$2,000,000

$1,000,000

$0
Feb

8.6.

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Projected Balance Sheet

Item body here

Page 28

Bodyscan 3D, LP

Pro Forma Balance Sheet

FY 2009

FY 2010

FY 2011

$5,626,891
$55,000
$5,681,891

$21,434,081
$55,000
$21,489,081

$65,031,615
$55,000
$65,086,615

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$5,781,891

$100,000
$21,589,081

$100,000
$65,186,615

FY 2009

FY 2010

FY 2011

$638,851
$0
$0

$1,263,041
$0
$0

$3,294,575
$0
$0

$638,851

$1,263,041

$3,294,575

$0
$638,851

$0
$1,263,041

$0
$3,294,575

Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and
Capital

$572,500
($117,500)
$4,688,040
$5,143,040
$5,781,891

$572,500
$4,570,540
$15,183,000
$20,326,040
$21,589,081

$572,500
$19,753,540
$41,566,000
$61,892,040
$65,186,615

Net Worth

$5,143,040

$20,326,040

$61,892,040

Assets
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated
Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current
Liabilities
Subtotal Current
Liabilities
Long-term Liabilities
Total Liabilities

8.7.

Business Ratios
Item body here

Page 29

Bodyscan 3D, LP

Page 30

Bodyscan 3D, LP
Ratio Analysis
Sales Growth
Percent of Total Assets
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
Percent of Sales
Sales
Gross Margin
Selling, General &
Administrative
Expenses
Advertising Expenses
Profit Before Interest
and Taxes
Main Ratios
Current
Quick
Total Debt to Total
Assets
Pre-tax Return on Net
Worth
Pre-tax Return on
Assets
Additional Ratios
Net Profit Margin
Return on Equity
Activity Ratios
Accounts Payable
Turnover
Payment Days
Total Asset Turnover

FY 2009

FY 2010

FY 2011

0.00%

217.93%

167.27%

Industry
Profile
0.00%

0.95%
98.27%
1.73%
100.00%

0.25%
99.54%
0.46%
100.00%

0.08%
99.85%
0.15%
100.00%

100.00%
100.00%
0.00%
100.00%

11.05%
0.00%
11.05%
88.95%

5.85%
0.00%
5.85%
94.15%

5.05%
0.00%
5.05%
94.95%

0.00%
0.00%
0.00%
100.00%

100.00%
69.70%
20.91%

100.00%
71.00%
21.30%

100.00%
72.73%
21.82%

100.00%
0.00%
0.00%

0.00%
69.70%

0.00%
71.00%

0.00%
72.73%

0.00%
0.00%

8.89
8.89
11.05%

17.01
17.01
5.85%

19.76
19.76
5.05%

0.00
0.00
0.00%

130.22%

106.71%

95.94%

0.00%

115.83%

100.47%

91.09%

0.00%

FY 2009
48.79%
91.15%

FY 2010
49.70%
74.70%

FY 2011
50.91%
67.16%

n.a
n.a

7.70

12.17

12.17

n.a

27
1.66

23
1.42

21
1.25

n.a
n.a

Page 31

Bodyscan 3D, LP
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total
Assets
Acid Test
Sales/Net Worth
Dividend Payout

0.12
1.00

0.06
1.00

0.05
1.00

n.a
n.a

$5,043,040 $20,226,04 $61,792,04

0
0
0.00
0.00
0.00

n.a
n.a

0.60
11%

0.71
6%

0.80
5%

n.a
n.a

8.89
1.87
0.00

17.01
1.50
0.00

19.76
1.32
0.00

n.a
n.a
n.a

Page 32

Appendix

Sales Forecast
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

3,000
3,000
1
6,001

3,000
3,000
1
6,001

3,000
3,000
1
6,001

6,000
6,000
2
12,002

6,000
6,000
2
12,002

6,000
6,000
2
12,002

9,000
18,000
3
27,003

9,000
18,000
3
27,003

9,000
18,000
3
27,003

12,000
24,000
4
36,004

12,000
24,000
4
36,004

12,000
24,000
4
36,004

Unit Prices
Scans (Royalty Fees derived)
TruE-Catalog
Virtual Rent

Feb
$100.00
$3.00
$5,000.00

Mar
$100.00
$3.00
$5,000.00

Apr
$100.00
$3.00
$5,000.00

May
$100.00
$3.00
$5,000.00

Jun
$100.00
$3.00
$5,000.00

Jul
$100.00
$3.00
$5,000.00

Aug
$100.00
$3.00
$5,000.00

Sep
$100.00
$3.00
$5,000.00

Oct
$100.00
$3.00
$5,000.00

Nov
$100.00
$3.00
$5,000.00

Dec
$100.00
$3.00
$5,000.00

Jan
$100.00
$3.00
$5,000.00

Sales
Scans (Royalty Fees derived)
TruE-Catalog
Virtual Rent
Total Sales

$300,000
$9,000
$5,000
$314,000

$300,000
$9,000
$5,000
$314,000

$300,000
$9,000
$5,000
$314,000

$600,000
$18,000
$10,000
$628,000

$600,000
$18,000
$10,000
$628,000

$600,000
$18,000
$10,000
$628,000

$900,000
$54,000
$15,000
$969,000

$900,000
$54,000
$15,000
$969,000

$900,000
$54,000
$15,000
$969,000

$1,200,000
$72,000
$20,000
$1,292,000

$1,200,000
$72,000
$20,000
$1,292,000

$1,200,000
$72,000
$20,000
$1,292,000

Feb
$31.00
$0.60
$1,000.00

Mar
$31.00
$0.60
$1,000.00

Apr
$31.00
$0.60
$1,000.00

May
$31.00
$0.60
$1,000.00

Jun
$31.00
$0.60
$1,000.00

Jul
$31.00
$0.60
$1,000.00

Aug
$31.00
$0.60
$1,000.00

Sep
$31.00
$0.60
$1,000.00

Oct
$31.00
$0.60
$1,000.00

Nov
$31.00
$0.60
$1,000.00

Dec
$31.00
$0.60
$1,000.00

Jan
$31.00
$0.60
$1,000.00

$93,000
$1,800
$1,000
$95,800

$93,000
$1,800
$1,000
$95,800

$93,000
$1,800
$1,000
$95,800

$186,000
$3,600
$2,000
$191,600

$186,000
$3,600
$2,000
$191,600

$186,000
$3,600
$2,000
$191,600

$279,000
$10,800
$3,000
$292,800

$279,000
$10,800
$3,000
$292,800

$279,000
$10,800
$3,000
$292,800

$372,000
$14,400
$4,000
$390,400

$372,000
$14,400
$4,000
$390,400

$372,000
$14,400
$4,000
$390,400

Unit Sales
Scans (Royalty Fees derived)
TruE-Catalog
Virtual Rent
Total Unit Sales

Direct Unit Costs

Scans (Royalty Fees derived)
TruE-Catalog
Virtual Rent
Direct Cost of Sales
Scans (Royalty Fees derived)
TruE-Catalog
Virtual Rent
Subtotal Direct Cost of Sales

0%
0%
0%

31.00%
20.00%
20.00%

Page 33

Appendix

Personnel Plan
Name or Title or Group
Name or Title or Group
Name or Title or Group
Total People
Total Payroll

0%
0%
0%

Feb
$0
$0
$0
0

Mar
$0
$0
$0
0

Apr
$0
$0
$0
0

May
$0
$0
$0
0

Jun
$0
$0
$0
0

Jul
$0
$0
$0
0

Aug
$0
$0
$0
0

Sep
$0
$0
$0
0

Oct
$0
$0
$0
0

Nov
$0
$0
$0
0

Dec
$0
$0
$0
0

Jan
$0
$0
$0
0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

Page 34

Appendix

Pro Forma Profit and Loss

Cost of Goods Sold

Feb
$314,000
$95,800
$0
-----------$95,800

Mar
$314,000
$95,800
$0
-----------$95,800

Apr
$314,000
$95,800
$0
-----------$95,800

May
$628,000
$191,600
$0
-----------$191,600

Jun
$628,000
$191,600
$0
-----------$191,600

Jul
$628,000
$191,600
$0
-----------$191,600

Aug
$969,000
$292,800
$0
-----------$292,800

Sep
$969,000
$292,800
$0
-----------$292,800

Oct
$969,000
$292,800
$0
-----------$292,800

Nov
$1,292,000
$390,400
$0
-----------$390,400

Dec
$1,292,000
$390,400
$0
-----------$390,400

Jan
$1,292,000
$390,400
$0
-----------$390,400

Gross Margin
Gross Margin %

$218,200
69.49%

$218,200
69.49%

$218,200
69.49%

$436,400
69.49%

$436,400
69.49%

$436,400
69.49%

$676,200
69.78%

$676,200
69.78%

$676,200
69.78%

$901,600
69.78%

$901,600
69.78%

$901,600
69.78%

Total Operating Expenses

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

$0
$0
$0
$0
$0
$0
$0
$0
-----------$0

Profit Before Interest and Taxes

EBITDA
Interest Expense
Taxes Incurred

$218,200
$218,200
$0
$65,460

$218,200
$218,200
$0
$65,460

$218,200
$218,200
$0
$65,460

$436,400
$436,400
$0
$130,920

$436,400
$436,400
$0
$130,920

$436,400
$436,400
$0
$130,920

$676,200
$676,200
$0
$202,860

$676,200
$676,200
$0
$202,860

$676,200
$676,200
$0
$202,860

$901,600
$901,600
$0
$270,480

$901,600
$901,600
$0
$270,480

$901,600
$901,600
$0
$270,480

Net Profit
Net Profit/Sales

$152,740
48.64%

$152,740
48.64%

$152,740
48.64%

$305,480
48.64%

$305,480
48.64%

$305,480
48.64%

$473,340
48.85%

$473,340
48.85%

$473,340
48.85%

$631,120
48.85%

$631,120
48.85%

$631,120
48.85%

Sales
Direct Costs of Goods
Other Costs of Goods

Expenses
Payroll
Marketing/Promotion
Depreciation
Rent
Utilities
Insurance
Payroll Taxes
Other

15%

Page 35

Appendix

Pro Forma Cash Flow

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

$314,000
$314,000

$314,000
$314,000

$314,000
$314,000

$628,000
$628,000

$628,000
$628,000

$628,000
$628,000

$969,000
$969,000

$969,000
$969,000

$969,000
$969,000

$1,292,000
$1,292,000

$1,292,000
$1,292,000

$1,292,000
$1,292,000

$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
$0

$0
$0
$314,000

$0
$0
$314,000

$0
$0
$314,000

$0
$0
$628,000

$0
$0
$628,000

$0
$0
$628,000

$0
$0
$969,000

$0
$0
$969,000

$0
$0
$969,000

$0
$0
$1,292,000

$0
$0
$1,292,000

$0
$0
$1,292,000

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

$0
$5,375
$5,375

$0
$161,260
$161,260

$0
$161,260
$161,260

$0
$166,635
$166,635

$0
$322,520
$322,520

$0
$322,520
$322,520

$0
$328,291
$328,291

$0
$495,660
$495,660

$0
$495,660
$495,660

$0
$501,167
$501,167

$0
$660,880
$660,880

$0
$660,880
$660,880

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$0
$5,375

$0
$0
$161,260

$0
$0
$161,260

$0
$0
$166,635

$0
$0
$322,520

$0
$0
$322,520

$0
$0
$328,291

$0
$0
$495,660

$0
$0
$495,660

$0
$0
$501,167

$0
$0
$660,880

$0
$0
$660,880

$308,625
$608,625

$152,740
$761,365

$152,740
$914,105

$461,365
$1,375,469

$305,480
$1,680,949

$305,480
$1,986,429

$640,709
$2,627,138

$473,340
$3,100,478

$473,340
$3,573,818

$790,833
$4,364,651

$631,120
$4,995,771

$631,120
$5,626,891

Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from
Operations
Additional Cash Received
Sales Tax, VAT, HST/GST
Received
New Current Borrowing
New Other Liabilities
(interest-free)
New Long-term Liabilities
Sales of Other Current
Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received
Expenditures
Expenditures from
Operations
Cash Spending
Bill Payments
Subtotal Spent on
Operations
Additional Cash Spent
Sales Tax, VAT, HST/GST
Paid Out
Principal Repayment of
Current Borrowing
Other Liabilities Principal
Repayment
Long-term Liabilities
Principal Repayment
Purchase Other Current
Assets
Purchase Long-term Assets
Dividends
Subtotal Cash Spent
Net Cash Flow
Cash Balance

0.00%

Page 36

Appendix

Page 37

Appendix

Pro Forma Balance Sheet

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

$300,000
$55,000

$608,625
$55,000

$761,365
$55,000

$914,105
$55,000

$1,375,469
$55,000

$1,680,949
$55,000

$1,986,429
$55,000

$2,627,138
$55,000

$3,100,478
$55,000

$3,573,818
$55,000

$4,364,651
$55,000

$4,995,771
$55,000

$5,626,891
$55,000

$355,000

$663,625

$816,365

$969,105

$1,430,469

$1,735,949

$2,041,429

$2,682,138

$3,155,478

$3,628,818

$4,419,651

$5,050,771

$5,681,891

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000
$0

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$100,000

$455,000

$763,625

$916,365

$1,069,105

$1,530,469

$1,835,949

$2,141,429

$2,782,138

$3,255,478

$3,728,818

$4,519,651

$5,150,771

$5,781,891

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

$0
$0

$155,885
$0

$155,885
$0

$155,885
$0

$311,769
$0

$311,769
$0

$311,769
$0

$479,138
$0

$479,138
$0

$479,138
$0

$638,851
$0

$638,851
$0

$638,851
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$155,885

$155,885

$155,885

$311,769

$311,769

$311,769

$479,138

$479,138

$479,138

$638,851

$638,851

$638,851

Long-term
Liabilities
Total Liabilities

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$155,885

$155,885

$155,885

$311,769

$311,769

$311,769

$479,138

$479,138

$479,138

$638,851

$638,851

$638,851

Paid-in Capital
Retained
Earnings
Earnings
Total Capital
Total Liabilities
and Capital

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$572,500
($117,500)

$0
$455,000
$455,000

$152,740
$607,740
$763,625

$305,480
$760,480
$916,365

$458,220
$913,220
$1,069,105

$763,700
$1,218,700
$1,530,469

$1,069,180
$1,524,180
$1,835,949

$1,374,660
$1,829,660
$2,141,429

$1,848,000
$2,303,000
$2,782,138

$2,321,340
$2,776,340
$3,255,478

$2,794,680
$3,249,680
$3,728,818

$3,425,800
$3,880,800
$4,519,651

$4,056,920
$4,511,920
$5,150,771

$4,688,040
$5,143,040
$5,781,891

$455,000

$607,740

$760,480

$913,220

$1,218,700

$1,524,180

$1,829,660

$2,303,000

$2,776,340

$3,249,680

$3,880,800

$4,511,920

$5,143,040

Assets
Current Assets
Cash
Other Current
Assets
Total Current
Assets
Long-term Assets
Long-term Assets
Accumulated
Depreciation
Total Long-term
Assets
Total Assets

Starting
Balances

Liabilities and
Capital
Current
Liabilities
Accounts Payable
Current
Borrowing
Other Current
Liabilities
Subtotal Current
Liabilities

Net Worth

Page 38