EZMCOM FINANCIAL 2006-2010
Description
2006 (April-December)
2007 (January - December)
2008 (January - December)
2009 (January - December)
2010 (January - December)
INFLOW to EZMCOM
Sales
AI (Soft Token +PS)
$29,970
$151,475
$146,520
Applications (3rd party + PCIDSS given by AI)
$11,000
$600
PCS (QIB, COM)
$28,448
$147,085
8I wires
$49,885
Total Payment Received
$0
$0
$79,855
$190,923
$294,205
OUTFLOW from EZMCOM
Salary, Dev
WIRE OUT to EZMCOM INDIA Center (Jun-Dec 2009 , Jan-June 2010)
$31,395
$38,168
WIRE OUT to EZMCOM-MALAYASIA ( 8I )
$30,080
$102,120
$16,020
$0
US
$90,000
$120,000
$120,000
$120,000
$120,000
Outsourced Application Dev
$9,100
$6,495
Consultants
$2,500
$1,250
Office Operation
Product Liability Insurance
$4,641
$5,067
$1,711
travel
$1,010
$6,652
$5,409
$5,280
$1,918
rent++Corporate fees+ DSL+phone+health ins + Office Supplies+ Presales entertainment + Patent
$14,684
$12,908
$13,351
$18,385
$16,108
software(advent, MySQL..)
$6,867
$7,864
$1,980
California Corporate Francise Tax
$2,459
$800
legal fees
$5,300
$3,690
$131
Cost of Goods (Hardware Tokens+ shipping)+ commission+testing
$28,330
$67,871
Laptop
$930
$600
Soc security, Medicare US Corporate taxes ((6.2+1.45)=7.65% of US Salaries) * not paid
$7,326
$9,621
$9,621
$9,621
$9,621
TOTAL EXPENSES (EBITDA)
$143,100
$299,869
$166,252
$216,082
$261,580
PROFIT/LOSS (EBITDA)
($143,100)
($299,869)
($86,397)
($25,159)
$32,625
