7.0. EDSR 05-10-2004 - Laserfiche WebLink

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Display Solutions Inc. 10 ID 6. Financial Assumptions The enclosed financials are based on several assumptions. They assume the owners will invest an additional $100,000 of their own funds and Display Solutions Inc will be able to align a financing for an additional $200,000.No distributions have been included in this forecast. Depending upon performance, distributions will be made when appropriate. 6.1 Assumptions Below is a summary of the assumptions used to forecast the next 36 months of Display Solutions Inc. planned operation. Beginning Balance Sheet (- Beginning Balance Sheet For year beginning April,2004 ( Assets: Current assets: E Cash 107,000 Inventory 25,000 CTotal current assets 132,000 Property,plant and equipment(net) 223,000 Other assets(net) 9,000 ' i Total assets 364,000 Liabilities: Current liabilities: Accounts payable(inventory) 25,000 (_. Current maturities of long-term liabilities 35,101 Total current liabilities 60,101 Long-term liabilities(net) 164,899 Total liabilities 225,000 z. ) Equity: Contributed cash 125,000 Assets transferred in 14,000 Total equity 139,000 Total liabilities and equity 364,000 Debt-to-equity ratio 1.62 i;; Cash- The amount of cash remaining after the anticipated$300,000 infusion, $100,000 by the founders and$200,000 from aquired loans. Of this amount, $208,000 will be used to purchase equipment, $4,000 to perform some building improvements and the remaining $89,000 for operating capital. Property,plant and equipment(net) -This includes the planned purchase of$211,000 of equipment and building improvements. The owners contribution consists of$14,000 of office and manufacturing equipment. 1111 100 000 will be made bythe founders. Contributed cash-A cash investment of$ a