Pro Forma Profit and Loss

1997 1998 1999
Sales $52,217 $77,383 $104,446
Direct Cost of Sales $12,114 $17,772 $24,227
Other $0 $0 $0

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Total Cost of Sales $12,114 $17,772 $24,227
Gross Margin $40,103 $59,611 $80,219
Gross Margin % 76.80% 77.03% 76.80%
Operating Expenses:


Advertising/Promotion $600 $624 $649
Travel $450 $468 $487
Miscellaneous $0 $0 $0
Other $360 $374 $389
Payroll Expense $10,800 $11,232 $11,681
Paryroll Burden $2,484 $2,583 $2,687
Depreciation $2,196 $2,284 $2,375
Depreciation $0 $0 $0
Utilities $1,720 $1,789 $1,861
Insurance $1,200 $1,248 $1,298
Rent $0 $0 $0
Other $0 $0 $0
Contract/Consultants $0 $0 $0

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Total Operating Expenses $19,810 $20,602 $21,427
Profit Before Interest and Taxes $20,293 $39,009 $58,792
Interest Expense Short-term $5,672 $5,672 $5,672
Interest Expense Long-term $0 $0 $0
Taxes Incurred $4,386 $10,001 $15,936
Extraordinary Items $0 $0 $0
Net Profit $10,235 $23,336 $37,184
Net Profit/Sales 19.60% 30.16% 35.60%