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TOUCHTOP TECHNOLOGIES, INC.Projected Balance Sheet
Assuming Equity Financing of Approximately $2.3 Million on January 1, 1997 For Each of the Five Years Ending December 31, 2001
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1997 |
1998 |
1999 |
2000 |
2001 |
ASSETS |
|
|
|
|
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Current assets: |
|
|
|
|
|
Cash and equivalents |
$583,606 |
$3,939,643 |
$18,834,292 |
$31,199,617 |
$47,965,445 |
Marketable securities |
0 |
5,000,000 |
15,000,000 |
30,000,000 |
50,000,000 |
Accounts receivable |
0 |
370,333 |
1,265,667 |
3,546,470 |
4,494,598 |
Total Current assets |
583,606 |
9,309,976 |
35,099,959 |
64,746,087 |
102,460,043 |
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|
|
|
|
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Property, plant, and equipment: |
|
|
|
|
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Purchased software |
90,000 |
340,000 |
840,000 |
1,590,000 |
2,090,000 |
Computer equipment |
90,000 |
590,000 |
840,000 |
1,590,000 |
2,040,000 |
Furniture and fixtures |
70,000 |
170,000 |
170,000 |
370,000 |
620,000 |
Leasehold improvements |
50,000 |
130,000 |
330,000 |
630,000 |
1,030,000 |
Total Property, plant, and equipment |
300,000 |
1,230,000 |
2,180,000 |
4,180,000 |
5,780,000 |
Less Accumulated depreciation |
60,166 |
329,594 |
849,023 |
1,809,881 |
3,036,928 |
Net Property, plant, and equipment
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239,834 |
900,406 |
1,330,977 |
2,370,119 |
2,743,072 |
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|
|
|
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Total assets |
$823,440 |
$10,210,382 |
$36,430,936 |
$67,116,206 |
$105,203,115 |
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|
|
|
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LIABILITIES |
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|
|
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Current liabilities: |
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|
|
|
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Accounts payable |
50,259 |
140,202 |
312,992 |
640,920 |
777,714 |
Total Current liabilities |
50,259 |
140,202 |
312,992 |
640,920 |
777,714 |
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|
|
|
|
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Total liabilities |
50,259 |
140,202 |
312,992 |
640,920 |
777,714 |
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|
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EQUITY |
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|
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Owners' equity: |
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|
|
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Contributed capital: |
|
|
|
|
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Preferred stock |
10,000 |
10,000 |
10,000 |
10,000 |
10,000 |
Additional paid-in capital - preferred |
2,290,000 |
2,290,000 |
2,290,000 |
2,290,000 |
2,290,000 |
Common stock |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
Total Contributed capital |
2,301,000 |
2,301,000 |
2,301,000 |
2,301,000 |
2,301,000 |
Retained earnings |
(1,527,819) |
7,769,180 |
33,816,944 |
64,174,286 |
102,124,401 |
Net Owners' equity |
773,181 |
10,070,180 |
36,117,944 |
66,475,286 |
104,425,401 |
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|
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Total liabilities and equity |
$823,440 |
$10,210,382 |
$36,430,936 |
$67,116,206 |
$105,203,115 |
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