EXHIBIT D
Pro-Forma
Income Statement |
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Ferventure Realty LLC |
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For 2008 through 2011 |
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(all numbers in $000) |
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REVENUE |
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2008 |
2009 |
2010 |
2011 |
Gross
sales |
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$13 |
$13 |
$26 |
$39 |
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Less
sales returns and allowances |
0 |
0 |
0 |
0 |
Net
Sales |
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$13 |
$13 |
$26 |
$39 |
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COST
OF SALES |
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Beginning
inventory |
$0 |
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Plus
goods purchased / manufactured |
0 |
0 |
0 |
0 |
Total
Goods Available |
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Less
ending inventory |
0 |
0 |
0 |
0 |
Total
Cost of Goods Sold |
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Gross
Profit (Loss) |
$13 |
$13 |
$26 |
$39 |
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OPERATING
EXPENSES |
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Salaries
and wages |
$0 |
$0 |
$0 |
$0 |
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Commissions |
0 |
0 |
0 |
0 |
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Advertising |
0 |
0 |
0 |
0 |
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Depreciation |
0 |
0 |
0 |
0 |
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Other
(credit) |
6 |
6 |
12 |
8 |
Total
Selling Expenses |
$6 |
$6 |
$12 |
$8 |
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General/Administrative |
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Salaries
and wages |
$0 |
$0 |
$0 |
$0 |
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Property
taxes |
1 |
1 |
3 |
5 |
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Insurance |
1 |
1 |
1 |
1 |
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Rent |
0 |
0 |
4 |
6 |
Total
General/Administrative Expenses |
$2 |
$2 |
$8 |
$12 |
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Total Operating
Expenses |
$8 |
$8 |
$20 |
$20 |
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Net
Income Before Taxes |
$5 |
$5 |
$6 |
$19 |
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Taxes
on income |
0 |
0 |
0 |
0 |
Net
Income After Taxes |
$5 |
$5 |
$6 |
$19 |
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Extraordinary
gain or loss |
$0 |
$0 |
$0 |
$0 |
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Income
tax on extraordinary gain |
0 |
0 |
0 |
0 |
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NET
INCOME (LOSS) |
$5 |
$5 |
$6 |
$19 |
Business Plan Pro Forma Balance Sheet Works Cited