1. Bioceutical Research Labs, Inc.
PROJECTED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
PERIODS ENDING: June 30, 2011
Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Total % of
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 total
Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 sales
Sales
Gross Sales 35,000 110,000 108,000 170,000 85,000 208,000 250,000 360,000 325,000 500,000 500,000 500,000 3,151,000 102.04%
Chargebacks 0 0 0 0 0 0 0 0 0 0 0
Returns (700) (2,200) (2,160) (3,400) (1,700) (4,160) (5,000) (7,250) (6,500) (10,000) (10,000) (10,000) (63,070) -2.04%
Total Sales 34,300 107,800 105,840 166,600 83,300 203,840 245,000 352,750 318,500 490,000 490,000 490,000 3,087,930 100.00%
1% 3% 3% 5% 3% 7% 8% 11% 10% 16% 16% 16% 100%
Cost of Goods Sold
Direct Material & Floor Costs (9,800) (30,800) (30,450) (47,600) (23,800) (58,450) (69,800) (101,250) (90,300) (139,600) (139,600) (139,600) (881,050) -28.53%
Percent -28.00% -28.00% -28.19% -28.00% -28.00% -28.10% -27.92% -28.13% -27.78% -27.92% -27.92% -27.92% -28.53%
Total Cost of Goods Sold (9,800) (30,800) (30,450) (47,600) (23,800) (58,450) (69,800) (101,250) (90,300) (139,600) (139,600) (139,600) (881,050) -28.53%
Gross Profit 24,500 77,000 75,390 119,000 59,500 145,390 175,200 251,500 228,200 350,400 350,400 350,400 2,206,880 71.47%
Operating Expenses
Fixed Costs
Office Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
Office supplies 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) (20,000) -0.65%
Telephone 0 0 (7,500) 0 0 (7,500) 0 0 (7,500) 0 0 (7,500) (30,000) -0.97%
Technology & Equipment 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) (20,000) -0.65%
Legal (690) (2,000) (2,500) (2,500) (2,500) (2,500) (2,500) (2,500) (2,500) (2,500) (2,500) (2,500) (27,690) -0.90%
Fees (466) (6,496) (6,000) 0 0 0 0 0 0 0 0 0 (12,962) -0.42%
Travel & Meals Expenses (3,500) (6,000) (7,000) (7,500) (7,500) (7,500) (8,000) (8,000) (8,000) (8,500) (8,500) (8,500) (88,500) -2.87%
Insurance (product related) 0 0 (8,000) 0 0 0 0 0 0 0 0 (17,500) (25,500) -0.83%
Wages and salaries (42,500) (42,500) (42,500) (50,000) (58,000) (66,000) (60,000) (60,000) (60,000) (60,000) (60,000) (60,000) (661,500) -21.42%
Salary OH (10,600) (10,600) (10,600) (12,500) (14,500) (16,500) (15,000) (15,000) (15,000) (15,000) (15,000) (15,000) (165,300) -5.35%
Freight 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
Product Development 0 0 (24,325) 0 0 0 (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (84,325) -2.73%
Other G&A 0 0 (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (6,000) (6,000) (6,000) (6,000) (54,000) -1.75%
OneTime CapEx (15,000) 0 0 0 0 0 0 0 0 (15,000) 0 (30,000) -0.97%
Total Fixed Costs (72,756) (67,596) (123,425) (77,500) (87,500) (115,000) (100,500) (100,500) (119,000) (102,000) (117,000) (137,000) (1,219,777) -39.50%
Variable Costs
Commissions 0 0 (5,400) (8,500) (4,200) (7,500) (12,500) (17,500) (16,000) (24,000) (24,000) (24,000) (143,600) -4.65%
Freight (2,401) (7,546) (7,409) (1,162) (5,831) (14,269) (17,150) (24,693) (22,295) (34,300) (34,300) (34,300) (205,656) -6.66%
Warehouse Fees (1,372) (4,312) (4,234) (6,644) (3,332) (8,154) (9,800) (14,110) (12,740) (19,600) (19,600) (19,600) (123,498) -4.00%
Product Marketing 0 0 0 (30,000) (35,000) (50,000) (60,000) (60,000) (60,000) (60,000) (60,000) (60,000) (475,000) -15.38%
In Store Programs 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Variable Costs (3,773) (11,858) (17,043) (46,306) (48,363) (79,923) (99,450) (116,303) (111,035) (137,900) (137,900) (137,900) (947,754) -30.69%
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
Contingency 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) 0 0 (5,000) (20,000) -0.65%
Total Operating Expenses (76,529) (79,454) (145,468) (123,806) (135,863) (199,923) (199,950) (216,803) (235,035) (239,900) (254,900) (279,900) (2,187,531) -70.84%
Income From Operations (EBIT) (52,029) (2,454) (70,078) (4,806) (76,363) (54,533) (24,750) 34,697 (6,835) 110,500 95,500 70,500 19,349 0.63%
Interest Expense
Bridge Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
Total Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00%
Earnings Before Taxes (EBT) (52,029) (2,454) (70,078) (4,806) (76,363) (54,533) (24,750) 34,697 (6,835) 110,500 95,500 70,500 19,349 0.63%
Provision for Income Taxes 0 0 0 0 0 0 0 (12,144) 0 (38,675) (33,425) (24,675) (6,772)
Net Income (Loss) (52,029) (2,454) (70,078) (4,806) (76,363) (54,533) (24,750) 22,553 (6,835) 71,825 62,075 45,825 12,577 0.41%