Cuentas Inc. - FORM 8-K - EX-99.1.3 - 99.1.3 AIM - JAN 1, 2016 TO JUNE 30, 2016 PROFIT & LOSS STATEMENT - July 25, 2016

Attached files

file filename
EX-99.1.2 - DEBT PURCHASE AND ASSIGNMENT AGREEMENT - Cuentas Inc.f8k072516ex99ii_nextgroup.htm
EX-99.1.1 - BINDING TERM SHEET AND SHARE PURCHASE AGREEMENT - Cuentas Inc.f8k072516ex99i_nextgroup.htm
8-K - CURRENT REPORT - Cuentas Inc.f8k072516_nextgrouphold.htm

Exhibit 99.3

 

ACCENT INTERMEDIA, INC.
STATEMENT OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2016
       

 

Revenue  $396,268 
Cost of sales   61,020 
Gross profit   335,248 
      
Operating expenses     
General and administrative   18,515 
Facilities   45,840 
Professional services   38,162 
Salaries and wages   172,948 
Total operating expenses   275,465 
      
Operating income   59,783 
      
Other expense     
Interest expense   (207)
Total other expense   (207)
      
Net income  $59,576 

  

  
 

 

ACCENT Intermedia, LLC.
Profit & Loss
January through June 2016

              Jan 16   Feb 16   Mar 16   Apr 16   May 16   Jun 16   TOTAL
  Ordinary Income/Expense                          
      Income                            
        Card Services                          
          Card Production (Digital) 33,290.04   15,125.37   19,334.93   487.50   3,792.70   658.70   72,689.24
          Card Fulfillment 18,566.63   27,174.65   25,639.65   22,589.65   14,377.05   14,768.55   123,116.18
          Card Fulfillment Supplies 1,792.33   1,549.30   8,993.66   1,700.22   1,514.06   2,360.60   17,910.17
          Card Processing 85.50   63.00   61.55   68.30   117.00   2,469.24   2,864.59
          Card Production 9,955.44   8,941.33   10,531.33   2,052.13   2,059.26   2,030.20   35,569.69
          Card Valuation Fees 5,079.78   4,350.43   4,385.26   1,454.83   1,515.39   2,218.21   19,003.90
          Gift Check Fulfillment Services 0.00   0.00   0.00   0.00   0.00   0.00   0.00
          Package Assemby and Printing 0.00   2,940.00   0.00   0.00   0.00   614.00   3,554.00
          Risk Assessment Service Fees 400.58   337.18   350.49   365.62   396.21   701.92   2,552.00
          Shipping & Handling Fees 1,997.07   1,543.56   1,685.99   1,417.52   1,532.01   1,923.22   10,099.37
          Storage of Client Inventory 130.00   322.00   220.00   246.00   240.00   257.45   1,415.45
          Transaction Processing - PCI 29.45   27.20   24.85   27.05   25.65   26.55   160.75
          Web Hosting Fees 13,695.00   10,695.00   12,195.00   12,195.00   12,195.00   12,195.00   73,170.00
          Web Setup Fees 3,500.00   6,900.00   0.00   0.00   0.00   5,100.00   15,500.00
        Total Card Services 88,521.82   79,969.02   83,422.71   42,603.82   37,764.33   45,323.64   377,605.34
        Miscellaneous Income                          
          Discount Realized 18,663.14   0.00   0.00   0.00   0.00   0.00   18,663.14
        Total Miscellaneous Income 18,663.14   0.00   0.00   0.00   0.00   0.00   18,663.14
      Total Income 107,184.96   79,969.02   83,422.71   42,603.82   37,764.33   45,323.64   396,268.48
      Cost of Goods Sold                          
        COGS - General                          
          Card Program Transaction Fees (FD)^ 419.18   419.18   419.18   419.18   419.18   419.18   2,515.08
          Card Testing 0.00   0.00   0.00   0.00   5.00   -5.00   0.00
        Total COGS - General 419.18   419.18   419.18   419.18   424.18   414.18   2,515.08
        Cost of Goods - Card Services                          
          Fulfillment Supplies 4,237.65   1,147.89   12,911.84   929.96   -4,255.50   -3,913.55   11,058.29
          Giftcard Supplies 30.00   0.00   0.00   0.00   1,400.00   0.00   1,430.00
          Postage & Freight -5,676.25   -38,415.74   25,204.09   6,309.48   8,442.82   -13,230.19   -17,365.79
        Total Cost of Goods - Card Services -1,408.60   -37,267.85   38,115.93   7,239.44   5,587.32   -17,143.74   -4,877.50
      Total COGS -989.42   -36,848.67   38,535.11   7,658.62   6,011.50   -16,729.56   -2,362.42
    Gross Profit   108,174.38   116,817.69   44,887.60   34,945.20   31,752.83   62,053.20   398,630.90
      Expense                            
        Equipment                          
          Small Office 0.00   0.00   371.00   0.00   0.00   190.79   561.79
        Total Equipment 0.00   0.00   371.00   0.00   0.00   190.79   561.79
        Insurances                          
          Other 0.00   233.05   0.00   0.00   0.00   0.00   233.05
          Property/General Liability 0.00   286.42   286.42   286.42   286.42   286.42   1,432.10
          Workers Compensation 128.00   128.00   128.00   128.00   128.00   128.00   768.00
        Total Insurances 128.00   647.47   414.42   414.42   414.42   414.42   2,433.15
        Maintenance & Repair                          
          Building 0.00   0.00   0.00   0.00   0.00   330.00   330.00
          Equipment 0.00   0.00   0.00   1,608.40   0.00   0.00   1,608.40
        Total Maintenance & Repair 0.00   0.00   0.00   1,608.40   0.00   330.00   1,938.40
        Miscellaneous Expense                          
          Conferencing 0.00   25.44   0.00   0.00   50.88   25.44   101.76
          Banking Fees (Metro) 232.89   12,342.64   107.84   24,602.85   12,386.78   12,332.08   62,005.08
          Dues/Subscriptions 44.05   44.05   94.93   21.19   143.05   22.86   370.13
          Office Postage 3.88   2,677.58   2.65   0.47   41.13   9.89   2,735.60
          Processing Fees Misc 0.00   0.00   72.87   0.00   0.00   0.00   72.87
        Total Miscellaneous Expense 280.82   15,089.71   278.29   24,624.51   12,621.84   12,390.27   65,285.44
        Professional Services                          
          Legal^ 0.00   0.00   0.00   0.00   0.00   0.00   0.00
        Total Professional Services 0.00   0.00   0.00   0.00   0.00   0.00   0.00
        Rent/Lease                          
          Building 5,900.00   5,900.00   6,395.00   5,900.00   5,900.00   5,900.00   35,895.00
          Equipment (Automation Equipment)^ 5,320.18   0.00   0.00   0.00   0.00   0.00   5,320.18
        Total Rent/Lease 11,220.18   5,900.00   6,395.00   5,900.00   5,900.00   5,900.00   41,215.18
        Supplies                          
          Fulfillment Center 1,043.21   109.42   0.00   0.00   0.00   0.00   1,152.63
        Total Supplies 1,043.21   109.42   0.00   0.00   0.00   0.00   1,152.63
        Taxes/Licenses                          
          Filing Fees 0.00   0.00   175.00   0.00   0.00   0.00   175.00
          Income 0.00   0.00   0.00   283.73   0.00   229.34   513.07
          Sales & Use 0.00   0.00   0.00   0.00   0.00   10.00   10.00
          Taxes/Licenses - Other 0.00   0.00   0.00   0.00   0.00   350.00   350.00
        Total Taxes/Licenses 0.00   0.00   175.00   283.73   0.00   589.34   1,048.07
        Utilities                          
          Electric/Gas 1,218.19   1,683.02   0.00   2,236.01   988.57   957.47   7,083.26
          Internet 375.65   375.65   375.65   383.33   752.90   0.00   2,263.18
          Mobile Phone 203.12   0.00   161.55   78.85   82.68   78.87   605.07
          Security Monitoring - Fulfillment 0.00   0.00   225.00   0.00   0.00   0.00   225.00
          Telephone 1,319.17   837.29   847.10   0.00   0.00   0.00   3,003.56
          Waste Removal 145.08   145.87   142.11   145.01   167.80   177.65   923.52
        Total Utilities 3,261.21   3,041.83   1,751.41   2,843.20   1,991.95   1,213.99   14,103.59
        Web Maintenance & Security                          
          Contract Labor (Development) 0.00   0.00   1,087.50   0.00   3,525.00   0.00   4,612.50
          IT Expense (Peak10 Servers)^ 6,342.95   6,482.93   6,202.97   6,307.96   0.00   0.00   25,336.81
          Compliance Requirements 1,055.34   0.00   0.00   0.00   0.00   0.00   1,055.34
          Consulting (Development) 0.00   0.00   2,222.50   2,542.86   0.00   0.00   4,765.36
          Risk Assessment Tools 72.92   72.92   72.92   72.92   72.92   72.92   437.50
          Web Maintenance 325.71   325.71   325.71   325.71   325.71   325.71   1,954.25
        Total Web Maintenance & Security 7,796.92   6,881.56   9,911.60   9,249.45   3,923.63   398.63   38,161.76
        6560 · Payroll Expenses                          
          Benefits                          
            401K -259.17   137.92   137.92   181.25   137.92   137.92   473.76
            AD&D Insurance 2.80   0.00   0.00   0.00   0.00   0.00   2.80
            Dental Insurance 406.62   205.93   41.76   -36.72   237.96   100.62   956.17
            Health Insurance 6,319.16   -126.92   546.04   -688.30   3,324.36   1,318.03   10,692.37
            Life Insurance 12.60   0.00   0.00   0.00   0.00   0.00   12.60
            Long Term Disability Insurance 43.64   0.00   0.00   0.00   0.00   0.00   43.64
            Short Term Disability Insurance 23.70   -10.86   -7.04   -7.04   -7.04   -7.04   -15.32
            Vision Policy 119.42   8.59   15.91   -16.48   73.70   28.61   229.75
          Total Benefits 6,668.77   214.66   734.59   -567.29   3,766.90   1,578.14   12,395.77
          FICA 2,058.86   2,222.59   1,588.38   1,672.34   1,613.65   1,596.73   10,752.55
          FUTA 161.48   127.54   43.88   8.44   4.67   5.23   351.24
          Regular/Salary 28,083.94   30,027.22   21,504.60   22,602.10   21,834.97   21,613.72   145,666.55
          SUI 958.86   969.65   436.78   258.07   90.35   43.05   2,756.76
          6560 · Payroll Expenses - Other 344.35   146.90   131.60   123.60   143.55   135.20   1,025.20
        Total 6560 · Payroll Expenses 38,276.26   33,708.56   24,439.83   24,097.26   27,454.09   24,972.07   172,948.07
      Total Expense 62,006.60   65,378.55   43,736.55   69,020.97   52,305.93   46,399.51   338,848.08
  Net Ordinary Income 46,167.79   51,439.15   1,151.06   -34,075.77   -20,553.10   15,653.70   59,782.82
  Other Income/Expense                          
    Other Expense                            
      Interest Expense 207.00   0.00   0.00   0.00   0.00   0.00   207.00
    Total Other Expense 207.00   0.00   0.00   0.00   0.00   0.00   207.00
  Net Other Income   -207.00   0.00   0.00   0.00   0.00   0.00   -207.00
Net Income       45,960.79   51,439.15   1,151.06   -34,075.77   -20,553.10   15,653.70   59,575.82

 

 

 

Stock widget

Investing forum

Cuentas Inc. Reports