Page 38 - CAREPOINT GLOBAL BUSINESS PLAN

37 | P a g e

CarePoint Global Business Plan

Table: Profit and Loss

Pro Forma Profit and Loss

FY 2020 FY 2021 FY 2022
Sales $2,237,368 $2,486,000 $2,850,000
Direct Cost of Sales $389,611 $460,951 $320,000
Production Payroll $0 $0 $0
Other Costs of Sales $269,110 $131,645 $155,000

Total Cost of Sales $658,721 $592,596 $475,000

Gross Margin $1,578,647 $1,893,404 $2,375,000
Gross Margin % 70.56% 76.16% 83.33%

Operating Expenses

Sales and Marketing Expenses

Sales and Marketing Payroll $144,000 $222,000 $260,000
Advertising/Promotion $111,060 $52,000 $275,000
Other Sales and Marketing Expenses $29,880 $10,000 $285,000
Total Sales and Marketing Expenses $284,940 $284,000 $820,000
Sales and Marketing % 12.74% 11.42% 28.77%

General and Administrative Expenses

General and Administrative Payroll $42,000 $78,000 $85,000
Marketing/Promotion $30,000 $15,000 $88,000
Depreciation $0 $0 $0
Rent $42,000 $35,000 $37,000
Utilities $12,000 $10,000 $25,000
Insurance $3,500 $5,000 $8,000
Payroll Taxes $54,900 $81,000 $104,250
Other General and Administrative $6,000 $5,000 $7,000
Expenses

Total General and Administrative $190,400 $229,000 $354,250
Expenses

General and Administrative % 8.51% 9.21% 12.43%

Other Expenses:

Other Payroll $180,000 $240,000 $350,000
Consultants $10,500 $15,000 $25,000
Other Expenses $10,500 $15,000 $25,000
Total Other Expenses $201,000 $270,000 $400,000
Other % 8.98% 10.86% 14.04%

Total Operating Expenses $676,340 $783,000 $1,574,250

Profit Before Interest and Taxes $828,807 $1,120,404 $810,750
EBITDA $828,807 $1,120,404 $810,750
Interest Expense $45,000 $45,000 $45,000
Taxes Incurred $235,142 $322,621 $229,725

Other Income

Other Income Account Name $0 $25,000 $35,000
Other Income Account Name $0 $0 $0
Total Other Income $0 $25,000 $35,000

Other Expense

Other Expense Account Name $73,500 $15,000 $25,000

Page 49

37 | P a g e