BUDGET (Years 2 and 3 by Quarter) Breeze Technology

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Breeze Technology, Inc.
BUDGET (Years 2 and 3 by Quarter)

	Qtr 1	Qtr 2	Qtr 3	Qtr 4	Year 2	Qtr 1	Qtr 2	Qtr 3	Qtr 4	Year 3
Sales
Breeze technology	625,000	625,000	625,000	625,000	2,500,000	625,000	625,000	625,000	3,500,000	5,375,000
Roll out products					0	150,000	200,000	400,000	600,000	1,350,000
Total Sales	625,000	625,000	625,000	625,000	2,500,000	775,000	825,000	1,025,000	4,100,000	6,725,000

Cost of Goods Sold
Contract manufacturing					0	90,000	120,000	240,000	360,000	810,000
% of Total Sales	0%	0%	0%	0%	0%	0%	15%	29%	35%	20%
Total Cost of Goods Sold	0	0	0	0	0	90,000	120,000	240,000	360,000	810,000

Gross Profit	625,000	625,000	625,000	625,000	2,500,000	685,000	705,000	785,000	3,740,000	5,915,000
Gross Margin	100%	100%	100%	100%	100%	88%	85%	77%	91%	88%

Operating Expenses
Sales, Marketing & Production
Advertising & Promotion	10,000	10,000	10,000	10,000	40,000	10,000	10,000	10,000	10,000	40,000
Contract distribution					0					0
Salaries					0	30,000	30,000	30,000	30,000	120,000
Trade Shows & Travel	30,000	30,000	30,000	30,000	120,000	30,000	30,000	30,000	30,000	120,000
Total Sales & Marketing Costs	40,000	40,000	40,000	40,000	160,000	70,000	70,000	70,000	70,000	280,000
% of Total Sales	6%	6%	6%	6%	6%	9%	8%	7%	2%	4%

Research & Development
Salaries & Consulting fees	68,750	68,750	68,750	68,750	275,000	90,000	90,000	90,000	90,000	360,000
Equipment hire & Testing	20,000	20,000	20,000	20,000	80,000	25,000	25,000	25,000	25,000	100,000
R & D Materials	20,000	20,000	20,000	20,000	80,000	40,000	40,000	40,000	40,000	160,000
Total R&D Costs	108,750	108,750	108,750	108,750	435,000	155,000	155,000	155,000	155,000	620,000
% of Total Sales	17%	17%	17%	17%	17%	20%	19%	15%	4%	9%

General & Administrative
Admin Salaries & Superannuation	97,500	97,500	97,500	97,500	390,000	136,250	136,250	136,250	136,250	545,000
Equipment Lease	9,000	9,000	9,000	9,000	l"> 36,000	18,000	18,000	18,000	18,000	72,000
Insurance	450	450	450	450	1,800	900	900	900	900	3,600
Legal & Accounting Fees	15,000	15,000	15,000	15,000	60,000	20,000	20,000	20,000	20,000	80,000
License & Permits	300	300	300	300	1,200	600	600	600	600	2,400
Office Expenses	3,000	3,000	3,000	3,000	12,000	6,000	6,000	6,000	6,000	24,000
Office Rental or Lease	7,500	7,500	7,500	7,500	30,000	15,000	15,000	15,000	15,000	60,000
Telephone & Utilities	7,500	7,500	7,500	7,500	30,000	15,000	15,000	15,000	15,000	60,000
Total G&A Costs	140,250	140,250	140,250	140,250	561,000	211,750	211,750	211,750	211,750	847,000
% of Total Sales	22%	22%	22%	22%	22%	27%	26%	21%	5%	13%

Total Operating Expenses	289,000	289,000	289,000	289,000	1,156,000	436,750	436,750	436,750	436,750	1,747,000
% of Total Sales	46%	46%	46%	46%	46%	56%	53%	43%	11%	26%
Income from Operations	336,000	336,000	336,000	336,000	1,344,000	248,250	268,250	348,250	3,303,250	4,168,000
% of Total Sales	54%	54%	54%	54%	54%	32%	33%	34%	81%	62%

Interest Income	4,199	6,537	8,904	11,301	30,941	8,108	4,711	6,834	9,983	29,636
Interest/Financing Expense	3,150	3,150	3,150	3,150	12,600	3,150	3,150	3,150	3,150	12,600
Income before Taxes	337,049	339,387	341,754	344,151	1,362,341	253,208	269,811	351,934	3,310,083	4,185,036
Taxes on Income (calculated yearly)	0	0	0	449,572	449,572	0	0	0	1,381,062	1,381,062

Net Income After Taxes	337,049	339,387	341,754	(105,421)	912,769	253,208	269,811	351,934	1,929,021	2,803,974
% of Total Sales	54%	54%	55%	0%	37%	33%	33%	34%	47%	42%

CASH FLOW STATEMENT (Year 2 and 3 by Quarter)

	Qtr 1	Qtr 2	Qtr 3	Qtr 4	Year 2	Qtr 1	Qtr 2	Qtr 3	Qtr 4	Year 3
Beginning Cash Balance	335,899	522,948	712,335	904,089	335,899	648,667	376,876	546,687	798,620	648,667

Cash Receipts
Total Sales	625,000	625,000	625,000	625,000	2,500,000	775,000	825,000	1,025,000	4,100,000	6,725,000
Interest Income	4,199	6,537	8,904	11,301	30,941	8,108	4,711	6,834	9,983	29,636
Total Cash Receipts	629,199	631,537	633,904	636,301	2,530,941	783,108	829,711	1,031,834	4,109,983	6,754,636

Cash Disbursements
Salaries & Labor	166,250	166,250	166,250	166,250	665,000	256,250	256,250	256,250	256,250	1,025,000
Advertising & Promotion	10,000	10,000	10,000	10,000	40,000	10,000	10,000	10,000	10,000	40,000
Contract distribution	0	0	0	0	0	0	0	0	0	0
Cost of Goods Sold (non-labor)	0	0	0	0	0	90,000	120,000	240,000	360,000	810,000
Other Disbursements	96,250	96,250	96,250	96,250	385,000	137,500	137,500	137,500	137,500	550,000
Interest payments	3,150	3,150	3,150	3,150	12,600	3,150	3,150	3,150	3,150	12,600
Taxes on income	0	0	0	449,572	449,572	0	0	0	1,381,062	1,381,062
Equipment Lease	9,000	9,000	9,000	9,000	36,000	18,000	18,000	18,000	18,000	72,000
Office Rental or Lease	7,500	7,500	7,500	7,500	30,000	15,000	15,000	15,000	15,000	60,000
Net Inc. in Inventory & Debtors						225,000				225,000
Net Inc. of Plan & Equipment						200000				200,000
Total Cash Disbursements	292,150	292,150	292,150	741,722	1,618,172	954,900	559,900	679,900	2,180,962	4,375,662

Net Cash from Operations	337,049	339,387	341,754	(105,421)	912,769	(171,792)	269,811	351,934	1,929,021	2,378,974

Cash dividends	(150,000)	(150,000)	(150,000)	(150,000)	(600,000)	(100,000)	(100,000)	(100,000)	(100,000)	(400,000)
Sale of Stock					0					0
Proceeds of Investor Loan					0				(70,000)	(70,000)

Net Cash Balance	522,948	712,335	904,089	648,668	648,668	376,875	546,687	798,621	2,557,641	2,557,641

Budget, Cash Flow Statement (Year 1 by month)
Income Statement, Cash Flow Statement (Years 1 - 5), Ratio Analysis
Balance Sheet, Source & Use of Funds

Breeze Technology, Inc.
Table of Contents	Appendices
0. Executive Summary 1. The Company 2. Market Analysis 3. Strategic Options 4. Marketing Strategy 5. Research & Development 6. Organizational Structure 7. Risk Reduction Strategies 8. Exit & Harvest Strategies 9. Financials 10. Summary	I. Focus Group Analysis II. Competitor Content Analysis III. Product Test Results IV. Inventor's Test Results V. Resumes of Directors VI. US Market Data VII. Technical Drawings Discussion Questions