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Income Statements 

 

 

 

 

 

12 Months

Jan-14

Feb-14

Mar-14

Apr-14

May-14

Jun-14

Jul-14

Aug-14

Sep-14

Oct-14

Nov-14

Dec-14

Operating Income 
    Bidding Sales 

3,904.00

$            

2,640.00

$               

6,600.00

$               

16,830.00

$             

20,599.92

$       

25,214.30

$       

30,862.31

$       

37,775.46

$   

46,237.17

$      

70,742.86

$      

108,236.58

$    

165,601.97

$      

    Product Sales 

2,052.00

$            

1,570.00

$               

3,925.00

$               

10,008.75

$             

12,250.71

$       

14,994.87

$       

18,353.72

$       

22,464.95

$   

27,497.10

$      

42,070.57

$      

64,367.97

$      

98,482.99

$        

Total Operating Income

5,956.00

$            

4,210.00

$               

10,525.00

$             

26,838.75

$             

32,850.63

$       

40,209.17

$       

49,216.03

$       

60,240.42

$   

73,734.27

$      

112,813.43

$    

172,604.55

$    

264,084.96

$      

Less: Operating Expenses
     Rent Expense

1,950.00

$            

1,950.00

$               

1,950.00

$               

1,950.00

$               

1,950.00

$          

1,950.00

$          

1,950.00

$         

1,950.00

$      

1,950.00

$        

1,950.00

$         

1,950.00

$         

1,950.00

$           

     Utilities Expense

150.00

$               

150.00

$                   

150.00

$                   

150.00

$                   

150.00

$             

150.00

$             

150.00

$             

150.00

$          

150.00

$            

150.00

$             

150.00

$             

150.00

$               

     Contractor Expense

8,333.33

$            

8,333.33

$               

8,333.33

$               

8,333.33

$               

8,333.33

$          

8,333.33

$          

8,333.33

$         

8,333.33

$      

8,333.33

$        

8,333.33

$         

8,333.33

$         

8,333.33

$           

     Management Fees

16,666.66

$         

16,666.66

$             

16,666.66

$             

16,666.66

$             

16,666.66

$       

16,666.66

$       

16,666.66

$       

16,666.66

$   

16,666.66

$      

16,666.66

$      

16,666.66

$      

16,666.66

$        

     Marketing Expense

16,090.00

$         

19,750.50

$             

25,644.79

$             

19,138.05

$             

22,285.51

$       

26,318.37

$       

24,496.37

$       

33,374.77

$   

36,169.18

$      

38,265.97

$      

45,210.51

$      

44,556.07

$        

     Hosting Expense

41.67

$                  

41.67

$                      

41.67

$                      

41.67

$                      

41.67

$                

41.67

$                

41.67

$               

41.67

$            

41.67

$              

41.67

$               

41.67

$               

41.67

$                 

     Professional Services

333.33

$               

333.33

$                   

333.33

$                   

333.33

$                   

333.33

$             

333.33

$             

    Website Development

417.00

$               

417.00

$                   

417.00

$                   

417.00

$                   

417.00

$             

417.00

$             

417.00

$             

417.00

$          

417.00

$            

417.00

$             

417.00

$             

417.00

$               

Total Operating Expense

43,981.99

$         

47,642.49

$             

53,536.78

$             

47,030.04

$             

50,177.50

$       

54,210.36

$       

52,055.03

$       

60,933.43

$   

63,727.84

$      

65,824.63

$      

72,769.17

$      

72,114.73

$        

Net Income before tax

(38,025.99)

$        

(43,432.49)

$           

(43,011.78)

$           

(20,191.29)

$           

(17,326.87)

$      

(14,001.19)

$      

(2,839.00)

$        

(693.02)

$        

10,006.43

$      

46,988.80

$      

99,835.37

$      

191,970.23

$