AMERICAN SADDLE TREE
JULY
AUG
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
DEC
JAN
PRO FORMA FINANCIALS
2005
2005 2
2005 3
2005 4
2005 5
2005 6
2006 7
2006 8
2006 9
2006 10
2006 11
2006 12
2006 13
2006 14
2006 15
2006 16
2006 17
2006 18
2007 19
1
Units Per Day Units per Month Units Year to Date Units To Date Market Share Total Employees
300,000
SALES INCOME Per Month
0
0
15
20
25
25
50
50
50
76
76
76
99
99
99
123
123
123
147
0
0
300
400
504
504
1,008
1,008
1,008
1,512
1,512
1,512
1,988
1,988
1,988
2,464
2,464
2,464
2,940
0
0
300
700
1,204
1,708
1,008
2,016
3,024
4,536
6,048
7,560
9,548
11,536
13,524
15,988
18,452
20,916
2,940
0
0
300
700
1,204
1,708
2,716
3,724
4,732
6,244
7,756
9,268
11,256
13,244
15,232
17,696
20,160
22,624
25,564
0.00% 7
0.00% 10
0.10% 11
0.23% 12
0.40% 12
0.57% 14
0.34% 17
0.67% 17
1.0% 17
1.5% 30
2.0% 30
2.5% 30
3.2% 33
3.8% 33
4.5% 33
5.3% 36
6.2% 36
7.0% 36
1.0% 42 572,750
0
0
52,500
70,000
88,200
88,200
188,900
188,900
188,900
283,000
283,000
283,000
377,000
377,000
377,000
471,000
471,000
471,000
Income Year to Date
0
0
52,500
122,500
210,700
298,900
188,900
377,800
566,700
849,700
1,132,700
1,415,700
1,792,700
2,169,700
2,546,700
3,017,700
3,488,700
3,959,700
572,750
TOTAL INCOME TO DATE
0
0
52,500
122,500
210,700
298,900
487,800
676,700
865,600
1,148,600
1,431,600
1,714,600
2,091,600
2,468,600
2,845,600
3,316,600
3,787,600
4,258,600
4,831,350
60,169
COST OF GOODS SOLD Labor
0
13,200
13,200
13,200
13,200
13,200
32,384
32,384
32,384
51,568
51,568
51,568
52,876
52,876
52,876
54,185
54,185
54,185
Cost Year to Date
0
13,200
26,400
39,600
52,800
66,000
32,384
64,768
97,152
148,720
200,288
251,856
304,732
357,609
410,485
464,670
518,854
573,039
60,169
Materials
0
0
0
0
21,435
21,435
42,870
42,870
42,870
64,305
64,305
64,305
84,550
84,550
84,550
104,794
104,794
104,794
125,038
Cost Year to Date
0
0
0
0
21,435
42,870
42,870
85,740
128,611
192,916
257,221
321,527
406,076
490,626
575,176
679,970
784,764
889,557
125,038
Royalty Cost Year to Date
250,000 250,000
0 250,000
2,625 252,625
3,500 256,125
5,292 261,417
5,292 266,709
13,223 13,223
13,223 26,446
13,223 39,669
22,640 62,309
22,640 84,949
22,640 107,589
33,930 141,519
33,930 175,449
33,930 209,379
47,100 256,479
47,100 303,579
47,100 350,679
63,003 63,003
Total Per Month
250,000
13,200
15,825
16,700
39,927
39,927
88,477
88,477
88,477
138,513
138,513
138,513
171,356
171,356
171,356
206,079
206,079
206,079
248,209
Cost Year to Date
250,000
263,200
279,025
295,725
335,652
375,579
88,477
176,954
265,432
403,945
542,458
680,972
852,328
1,023,684
1,195,040
1,401,118
1,607,197
1,813,275
248,209
TO DATE
250,000
263,200
279,025
295,725
335,652
375,579
464,056
552,534
641,011
779,524
918,038
1,056,551
1,227,907
1,399,263
1,570,619
1,776,698
1,982,776
2,188,855
2,437,064
Cost Year to Date
-250,000 -250,000
-13,200 -263,200
36,675 -226,525
53,300 -173,225
48,273 -124,952
48,273 -76,679
100,423 -100,423
100,423 0
100,423 100,423
144,487 244,909
144,487 389,396
144,487 533,883
205,644 739,527
205,644 945,171
205,644 1,150,815
264,921 1,415,736
264,921 1,680,658
264,921 1,945,579
324,541 324,541
Percentage
0%
0%
70%
76%
55%
55%
53%
53%
53%
51%
51%
51%
55%
55%
55%
56%
56%
56%
57%
50,600 0 31,200 0 0 0
24,600 0 6,200 3 0 0
44,769 0 9,042 2,003 0 0
95,075 0 6,542 3,003 0 0
45,394 0 4,042 3,003 0 0
55,727 0 4,042 1,003 0 0
157,489 0 4,042 12,503 0 0
57,489 0 4,042 22,503 0 0
63,489 0 4,042 17,503 0 0
65,136 0 4,042 25,003 0 0
65,136 0 4,042 32,503 0 0
65,136 0 4,042 12,503 0 0
66,781 0 8,350 26,000 0 0
66,781 0 5,350 21,000 0 0
66,781 0 5,350 28,000 0 0
68,426 0 6,658 30,500 0 0
68,426 0 6,658 28,000 0 0
68,426 0 6,658 23,500 0 0
75,206 0 7,967 27,333 14,117 0
GROSS PROFIT
OPERATING EXPENSE
Administration Research & Development Manufacturing Marketing Sales Service & Support TOTAL OPERATING EXPENSES
81,800
30,803
55,813
104,620
52,438
60,772
174,034
84,034
85,034
94,181
101,681
81,681
101,131
93,131
100,131
105,584
103,084
98,584
124,623
Cost Year to Date
81,800
112,603
168,416
273,036
325,474
386,246
174,034
258,068
343,101
437,282
538,962
620,643
721,774
814,904
915,035
1,020,619
1,123,704
1,222,288
124,623
OPERATING INCOME
Per Month
-331,800
-44,003
-19,138
-51,320
-4,165
-12,499
-73,611
16,389
15,389
50,306
42,806
62,806
104,513
112,513
105,513
159,337
161,837
166,337
199,918
Cost Year to Date
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-73,611
-57,222
-41,833
8,473
51,279
114,085
218,599
331,112
436,625
595,962
757,800
924,137
199,918
TO DATE
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-536,536
-520,147
-504,758
-454,452
-411,646
-348,840
-244,326
-131,813
-26,300
133,037
294,875
461,212
661,129
Per Month
-331,800
-44,003
-19,138
-51,320
-4,165
-12,499
-73,611
16,389
15,389
50,306
42,806
62,806
104,513
112,513
105,513
159,337
161,837
166,337
199,918
Percentage
0%
0%
0%
-73%
-5%
-14%
-39%
9%
8%
18%
15%
22%
28%
30%
28%
34%
34%
35%
35%
Income Year to Date
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-73,611
-57,222
-41,833
8,473
51,279
114,085
218,599
331,112
436,625
595,962
757,800
924,137
199,918
TO DATE
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-536,536
-520,147
-504,758
-454,452
-411,646
-348,840
-244,326
-131,813
-26,300
133,037
294,875
461,212
661,129
0
0
0
0
0
0
0
0
0
0
0
0
0
31,504
29,544
44,614
45,314
46,574
55,977
0
0
0
0
0
0
0
0
0
0
0
0
0
31,504
61,047
105,662
150,976
197,551
55,977
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
Per Month
-331,800
-44,003
-19,138
-51,320
-4,165
-12,499
-73,611
16,389
15,389
50,306
42,806
62,806
104,513
81,009
75,969
114,723
116,523
119,763
143,941
Percentage
0%
0%
-36%
-73%
-5%
-14%
-39%
9%
8%
18%
15%
22%
28%
21%
20%
24%
25%
25%
25%
Year to Date
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-73,611
-57,222
-41,833
8,473
51,279
114,085
218,599
299,608
375,578
490,300
606,823
726,586
143,941
TO DATE
-331,800
-375,803
-394,941
-446,261
-450,426
-462,925
-536,536
-520,147
-504,758
-454,452
-411,646
-348,840
-244,326
-163,317
-87,347
27,375
143,898
263,661
407,602
-331,800 500,000
-44,003
-19,138
-12,499
15,389
50,306
42,806
62,806
104,513
143,941
0
0
0
-73,611 250,000
16,389
0
-51,320 250,000
-4,165
Capital Investment
0
0
0
0
500,000
500,000
500,000
750,000
750,000
750,000
1,000,000
1,000,000
1,000,000
1,000,000
168,200
124,197
105,059
303,739
299,574
287,075
463,464
479,853
495,242
545,548
NET INCOME (LOSS) BEFORE TAXES
INCOME TAXES Cost Year to Date Percentage
28%
NET PROFIT
CASH BALANCE Total Investment to Date CASH FLOW
`
81,009
75,969
114,723
116,523
119,763
0
0
0
0
0
0
0
0
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
588,354
651,160
755,674
836,683
912,653
1,027,375
1,143,898
1,263,661
1,407,602
CASH POSITIVE
FEB
MAR
APRIL
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
2007 20
2007 21
2007 22
2007 23
2007 24
2007 25
2007 26
2007 27
2007 28
2007 29
2007 30
2008 31
2008 32
2008 33
2008 34
2008 35
2008 36
2008 37
2008 38
2008 39
2008 40
2008 41
147
147
171
171
171
195
195
195
218
218
218
238
238
238
258
258
258
281
281
281
305
305
2,940
2,940
3,416
3,416
3,416
3,892
3,892
3,892
4,368
4,368
4,368
4,760
4,760
4,760
5,152
5,152
5,152
5,628
5,628
5,628
6,104
6,104
5,880
8,820
12,236
15,652
19,068
22,960
26,852
30,744
35,112
39,480
43,848
4,760
9,520
14,280
19,432
24,584
29,736
35,364
40,992
46,620
52,724
58,828
28,504
31,444
34,860
38,276
41,692
45,584
49,476
53,368
57,736
62,104
66,472
71,232
75,992
80,752
85,904
91,056
96,208
101,836
107,464
113,092
119,196
125,300
2.0% 42
2.9% 43
4.1% 46
5.2% 46
6.4% 51
7.7% 54
9.0% 54
10.2% 54
11.7% 57
13.2% 57
14.6% 57
1.6% 61
3.2% 61
4.8% 61
6.5% 64
8.2% 64
9.9% 64
11.8% 67
13.7% 68
15.5% 68
17.6% 68
19.6% 68
572,750
572,750
665,250
665,250
665,250
770,750
770,750
770,750
873,250
873,250
873,250
953,500
953,500
953,500
1,046,500
1,046,500
1,046,500
1,153,000
1,153,000
1,153,000
1,257,625
1,257,625
1,145,500
1,718,250
2,383,500
3,048,750
3,714,000
4,484,750
5,255,500
6,026,250
6,899,500
7,772,750
8,646,000
953,500
1,907,000
2,860,500
3,907,000
4,953,500
6,000,000
7,153,000
8,306,000
9,459,000
10,716,625
11,974,250
5,404,100
5,976,850
6,642,100
7,307,350
7,972,600
8,743,350
9,514,100
10,284,850
11,158,100
12,031,350
12,904,600
13,858,100
14,811,600
15,765,100
16,811,600
17,858,100
18,904,600
20,057,600
21,210,600
22,363,600
23,621,225
24,878,850
60,169
60,169
78,031
78,031
78,031
95,894
95,894
95,894
113,756
113,756
113,756
119,740
119,740
119,740
125,724
125,724
125,724
143,587
143,587
143,587
146,579
146,579
120,337
180,506
258,537
336,569
414,600
510,494
606,388
702,281
816,038
929,794
1,043,551
119,740
239,481
359,221
484,946
610,670
736,395
879,982
1,023,569
1,167,156
1,313,735
1,460,314
125,038
125,038
131,022
131,022
131,022
137,006
137,006
137,006
142,990
142,990
142,990
159,662
159,662
159,662
176,334
176,334
176,334
182,318
182,318
182,318
189,458
189,458
250,076
375,115
506,137
637,159
768,181
905,187
1,042,194
1,179,200
1,322,190
1,465,180
1,608,170
159,662
319,324
478,986
655,320
831,653
1,007,987
1,190,305
1,372,622
1,554,940
1,744,398
1,933,856
63,003 126,005
63,003 189,008
79,830 268,838
79,830 348,668
79,830 428,498
100,198 528,695
100,198 628,893
100,198 729,090
122,255 851,345
122,255 973,600
122,255 1,095,855
143,025 143,025
143,025 286,050
143,025 429,075
156,975 586,050
156,975 743,025
156,975 900,000
172,950 1,072,950
172,950 1,245,900
172,950 1,418,850
188,644 1,607,494
188,644 1,796,138
248,209
248,209
288,883
288,883
288,883
333,098
333,098
333,098
379,002
379,002
379,002
422,427
422,427
422,427
459,033
459,033
459,033
498,855
498,855
498,855
524,681
524,681
496,419
744,628
1,033,512
1,322,395
1,611,279
1,944,376
2,277,474
2,610,571
2,989,573
3,368,575
3,747,576
422,427
844,855
1,267,282
1,726,315
2,185,349
2,644,382
3,143,237
3,642,091
4,140,946
4,665,627
5,190,307
2,685,273
2,933,483
3,222,366
3,511,250
3,800,133
4,133,231
4,466,328
4,799,426
5,178,428
5,557,429
5,936,431
6,358,858
6,781,286
7,203,713
7,662,746
8,121,780
8,580,813
9,079,668
9,578,522
10,077,377
10,602,058
11,126,738
324,541 649,081
324,541 973,622
376,367 1,349,988
376,367 1,726,355
376,367 2,102,722
437,652 2,540,374
437,652 2,978,026
437,652 3,415,679
494,248 3,909,927
494,248 4,404,175
494,248 4,898,424
531,073 531,073
531,073 1,062,145
531,073 1,593,218
587,467 2,180,685
587,467 2,768,151
587,467 3,355,618
654,145 4,009,763
654,145 4,663,909
654,145 5,318,054
732,944 6,050,998
732,944 6,783,943
57%
57%
57%
57%
57%
57%
57%
57%
57%
57%
57%
56%
56%
56%
56%
56%
56%
57%
57%
57%
58%
58%
75,206 0 7,967 62,333 14,117 0
75,206 0 7,967 37,333 14,117 0
76,825 0 12,045 42,333 14,117 0
76,825 0 12,045 42,333 14,117 0
76,825 0 12,045 44,833 14,117 0
78,671 0 19,123 32,333 14,117 0
78,671 0 16,123 27,333 14,117 0
78,671 0 16,123 34,333 14,117 0
80,465 0 20,202 41,833 14,117 0
80,465 0 20,202 24,333 14,117 0
80,465 0 20,202 19,833 14,117 0
81,870 0 22,752 27,333 19,533 0
81,870 0 22,752 37,333 19,533 0
81,870 0 22,752 32,333 19,533 0
83,497 0 25,302 44,833 19,533 0
83,497 0 25,302 47,333 19,533 0
83,497 0 25,302 24,833 19,533 0
85,361 0 32,380 28,833 19,533 0
85,361 0 29,380 23,333 24,950 0
85,361 0 29,380 30,333 24,950 0
87,192 0 33,458 37,833 24,950 0
87,192 0 33,458 30,333 24,950 0
159,623
134,623
145,320
145,320
147,820
144,245
136,245
143,245
156,617
139,117
134,617
151,488
161,488
156,488
173,165
175,665
153,165
166,108
163,024
170,024
183,433
175,933
284,246
418,869
564,190
709,510
857,330
1,001,575
1,137,820
1,281,064
1,437,681
1,576,798
1,711,415
151,488
312,976
469,464
642,629
818,295
971,460
1,137,568
1,300,592
1,470,616
1,654,049
1,829,983
164,918
189,918
231,046
231,046
228,546
293,408
301,408
294,408
337,631
355,131
359,631
379,585
369,585
374,585
414,301
411,801
434,301
488,038
491,121
484,121
549,511
557,011
364,835
554,753
785,799
1,016,845
1,245,392
1,538,799
1,840,207
2,134,614
2,472,246
2,827,377
3,187,009
379,585
749,169
1,123,754
1,538,055
1,949,857
2,384,158
2,872,196
3,363,317
3,847,438
4,396,949
4,953,960
826,047
1,015,964
1,247,011
1,478,057
1,706,603
2,000,011
2,301,419
2,595,826
2,933,458
3,288,589
3,648,221
4,027,805
4,397,390
4,771,975
5,186,276
5,598,077
6,032,379
6,520,416
7,011,538
7,495,659
8,045,170
8,602,181
164,918
189,918
231,046
231,046
228,546
293,408
301,408
294,408
337,631
355,131
359,631
379,585
369,585
374,585
414,301
411,801
434,301
488,038
491,121
484,121
549,511
557,011
29%
33%
35%
35%
34%
38%
39%
38%
39%
41%
41%
40%
39%
39%
40%
39%
42%
42%
43%
42%
44%
44%
364,835
554,753
785,799
1,016,845
1,245,392
1,538,799
1,840,207
2,134,614
2,472,246
2,827,377
3,187,009
3,566,593
369,585
744,169
1,158,471
1,570,272
2,004,574
2,492,611
2,983,732
3,467,853
4,017,364
4,574,375
826,047
1,015,964
1,247,011
1,478,057
1,706,603
2,000,011
2,301,419
2,595,826
2,933,458
3,288,589
3,648,221
4,027,805
4,397,390
4,771,975
5,186,276
5,598,077
6,032,379
6,520,416
7,011,538
7,495,659
8,045,170
8,602,181
46,177
53,177
64,693
64,693
63,993
82,154
84,394
82,434
94,537
99,437
100,697
106,284
103,484
104,884
116,004
115,304
121,604
136,651
137,514
135,554
153,863
155,963
102,154
155,331
220,024
284,717
348,710
430,864
515,258
597,692
692,229
791,666
892,362
106,284
209,767
314,651
430,656
545,960
667,564
804,215
941,729
1,077,283
1,231,146
1,387,109
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
118,741
136,741
166,353
166,353
164,553
211,254
217,014
211,974
243,095
255,695
258,935
273,301
266,101
269,701
298,297
296,497
312,697
351,387
353,607
348,567
395,648
401,048
21%
24%
25%
25%
25%
27%
28%
28%
28%
29%
30%
29%
28%
28%
29%
28%
30%
30%
31%
30%
31%
32%
262,681
399,422
565,775
732,129
896,682
1,107,935
1,324,949
1,536,922
1,780,017
2,035,712
2,294,646
273,301
266,101
535,802
834,099
1,130,596
1,443,293
1,794,680
2,148,287
2,496,854
2,892,502
3,293,550
526,342
663,083
829,436
995,790
1,160,343
1,371,596
1,588,610
1,800,583
2,043,678
2,299,373
2,558,307
2,831,608
3,097,709
3,367,410
3,665,707
3,962,204
4,274,901
4,626,288
4,979,896
5,328,463
5,724,111
6,125,159
118,741
136,741
166,353
166,353
164,553
211,254
217,014
211,974
243,095
255,695
258,935
273,301
266,101
269,701
298,297
296,497
312,697
351,387
353,607
348,567
395,648
401,048
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,526,342
1,663,083
1,829,436
1,995,790
2,160,343
2,371,596
2,588,610
2,800,583
3,043,678
3,831,608
4,097,709
4,367,410
4,665,707
4,962,204
5,274,901
5,626,288
5,979,896
6,328,463
6,724,111
7,125,159
1st / $1,000,000 NET 1,000,000 1,000,000 3,299,373
3,558,307
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
DEC
JAN
FEB
MAR
APRIL
MAY
JUNE
JULY
AUG
SEPT
2008 42
2009 43
2009 44
2009 45
2009 46
2009 47
2009 48
2009 49
2009 50
2009 51
2009 52
2009 53
2009 54
2010 55
2010 56
2010 57
2010 58
2010 59
2010 60
2010 61
2010 62
2010 63
305
329
329
329
353
353
353
353
353
353
353
353
353
353
353
353
353
353
353
7056
353
353
6,104
6,580
6,580
6,580
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
7,056
64,932
6,580
13,160
19,740
26,796
33,852
40,908
47,964
55,020
62,076
69,132
76,188
83,244
7,056
14,112
21,168
28,224
35,280
42,336
49,392
56,448
63,504
131,404
137,984
144,564
151,144
158,200
165,256
172,312
179,368
186,424
193,480
200,536
207,592
214,648
221,704
228,760
235,816
242,872
249,928
256,984
264,040
271,096
278,152
21.6% 68
2.2% 70
4.4% 70
6.6% 70
8.9% 71
11.3% 71
13.6% 71
16.0% 72
18.3% 72
20.7% 72
23.0% 72
25.4% 72
27.7% 72
2.4% 72
4.7% 72
7.1% 72
9.4% 72
11.8% 72
14.1% 72
16.5% 72
18.8% 72
21.2% 72
1,257,625
1,359,750
1,359,750
1,359,750
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
1,470,000
13,231,875
1,359,750
2,719,500
4,079,250
5,549,250
7,019,250
8,489,250
9,959,250
11,429,250
12,899,250
14,369,250
15,839,250
17,309,250
1,470,000
2,940,000
4,410,000
5,880,000
7,350,000
8,820,000
10,290,000
11,760,000
13,230,000
26,136,475
27,496,225
28,855,975
30,215,725
31,685,725
33,155,725
34,625,725
36,095,725
37,565,725
39,035,725
40,505,725
41,975,725
43,445,725
44,915,725
46,385,725
47,855,725
49,325,725
50,795,725
52,265,725
53,735,725
55,205,725
56,675,725
146,579
149,571
149,571
149,571
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
152,563
1,606,893
149,571
299,142
448,713
601,276
753,839
906,402
1,058,965
1,211,529
1,364,092
1,516,655
1,669,218
1,821,781
152,563
305,126
457,689
610,252
762,815
915,378
1,067,941
1,220,505
1,373,068
189,458
196,598
196,598
196,598
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
203,738
2,123,313
196,598
393,195
589,793
793,531
997,269
1,201,006
1,404,744
1,608,482
1,812,219
2,015,957
2,219,695
2,423,433
203,738
407,475
611,213
814,951
1,018,689
1,222,426
1,426,164
1,629,902
1,833,639
188,644 1,984,781
203,963 203,963
203,963 407,925
203,963 611,888
220,500 832,388
220,500 1,052,888
220,500 1,273,388
220,500 1,493,888
220,500 1,714,388
220,500 1,934,888
220,500 2,155,388
220,500 2,375,888
220,500 2,596,388
220,500 220,500
220,500 441,000
220,500 661,500
220,500 882,000
220,500 1,102,500
220,500 1,323,000
220,500 1,543,500
220,500 1,764,000
220,500 1,984,500
524,681
550,131
550,131
550,131
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
576,801
5,714,988
550,131
1,100,263
1,650,394
2,227,195
2,803,995
3,380,796
3,957,597
4,534,398
5,111,199
5,687,999
6,264,800
6,841,601
576,801
1,153,602
1,730,402
2,307,203
2,884,004
3,460,805
4,037,606
4,614,406
5,191,207
11,651,419
12,201,550
12,751,681
13,301,813
13,878,613
14,455,414
15,032,215
15,609,016
16,185,817
16,762,617
17,339,418
17,916,219
18,493,020
19,069,820
19,646,621
20,223,422
20,800,223
21,377,024
21,953,824
22,530,625
23,107,426
23,684,227
732,944 7,516,887
809,619 809,619
809,619 1,619,237
809,619 2,428,856
893,199 3,322,055
893,199 4,215,255
893,199 5,108,454
893,199 6,001,653
893,199 6,894,852
893,199 7,788,051
893,199 8,681,251
893,199 9,574,450
893,199 10,467,649
893,199 893,199
893,199 1,786,398
893,199 2,679,598
893,199 3,572,797
893,199 4,465,996
893,199 5,359,195
893,199 6,252,394
893,199 7,145,594
893,199 8,038,793
58%
60%
60%
60%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
61%
87,192 0 33,458 27,833 24,950 0
88,979 0 37,537 80,833 30,367 0
88,979 0 37,537 38,333 30,367 0
88,979 0 37,537 33,333 30,367 0
90,908 0 41,615 50,833 30,367 0
90,908 0 41,615 53,333 30,367 0
90,908 0 41,615 40,833 30,367 0
90,908 0 44,615 23,833 35,783 0
90,908 0 41,615 18,333 35,783 0
90,908 0 41,615 25,333 35,783 0
90,908 0 41,615 27,833 35,783 0
90,908 0 41,615 30,333 35,783 0
90,908 0 41,615 25,833 35,783 0
90,908 0 41,615 73,833 35,783 0
90,908 0 41,615 33,333 35,783 0
90,908 0 41,615 28,333 35,783 0
90,908 0 41,615 30,833 35,783 0
90,908 0 41,615 43,333 35,783 0
90,908 0 44,615 40,833 35,783 0
90,908 0 44,615 40,833 35,783 0
90,908 0 44,615 40,833 35,783 0
90,908 0 44,615 40,833 35,783 0
173,433
237,716
195,216
190,216
213,723
216,223
203,723
195,140
186,640
193,640
196,140
198,640
194,140
242,140
201,640
196,640
199,140
211,640
212,140
212,140
212,140
212,140
2,003,416
237,716
432,931
623,147
836,870
1,053,094
1,256,817
1,451,957
1,638,597
1,832,237
2,028,377
2,227,017
2,421,157
242,140
443,780
640,420
839,560
1,051,200
1,263,340
1,475,480
1,687,620
1,899,760
559,511
571,903
614,403
619,403
679,476
676,976
689,476
698,059
706,559
699,559
697,059
694,559
699,059
651,059
691,559
696,559
694,059
681,559
681,059
681,059
681,059
681,059
5,513,471
571,903
1,186,306
1,805,709
2,485,185
3,162,161
3,851,637
4,549,696
5,256,255
5,955,815
6,652,874
7,347,433
8,046,492
651,059
1,342,618
2,039,178
2,733,237
3,414,796
4,095,855
4,776,914
5,457,974
6,139,033
9,161,692
9,733,595
10,347,998
10,967,401
11,646,877
12,323,853
13,013,329
13,711,388
14,417,947
15,117,506
15,814,565
16,509,125
17,208,184
17,859,243
18,550,802
19,247,361
19,941,421
20,622,980
21,304,039
21,985,098
22,666,158
23,347,217
559,511
571,903
614,403
619,403
679,476
676,976
689,476
698,059
706,559
699,559
697,059
694,559
699,059
651,059
691,559
696,559
694,059
681,559
681,059
681,059
681,059
681,059
44%
42%
45%
46%
46%
46%
47%
47%
48%
48%
47%
47%
48%
44%
47%
47%
47%
46%
46%
46%
46%
46%
5,133,886
571,903
1,186,306
1,805,709
2,485,185
3,162,161
3,851,637
4,549,696
5,256,255
5,955,815
6,652,874
7,347,433
8,046,492
651,059
1,342,618
2,039,178
2,733,237
3,414,796
4,095,855
4,776,914
5,457,974
6,139,033
9,161,692
9,733,595
10,347,998
10,967,401
11,646,877
12,323,853
13,013,329
13,711,388
14,417,947
15,117,506
15,814,565
16,509,125
17,208,184
17,859,243
18,550,802
19,247,361
19,941,421
20,622,980
21,304,039
21,985,098
22,666,158
23,347,217
156,663
160,133
172,033
173,433
190,253
189,553
193,053
195,457
197,837
195,877
195,177
194,477
195,737
182,297
193,637
195,037
194,337
190,837
190,697
190,697
190,697
190,697
1,543,772
160,133
332,166
505,599
695,852
885,405
1,078,458
1,273,915
1,471,751
1,667,628
1,862,805
2,057,281
2,253,018
182,297
375,933
570,970
765,306
956,143
1,146,839
1,337,536
1,528,233
1,718,929
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
28%
402,848
411,770
442,370
445,970
489,223
487,423
496,423
502,603
508,723
503,683
501,883
500,083
503,323
468,763
497,923
501,523
499,723
490,723
490,363
490,363
490,363
490,363
32%
30%
33%
33%
33%
33%
34%
34%
35%
34%
34%
34%
34%
32%
34%
34%
34%
33%
33%
33%
33%
33%
3,696,398
411,770
854,140
1,300,111
1,789,333
2,276,756
2,773,179
3,275,781
3,784,504
4,288,186
4,790,069
5,290,152
5,793,474
468,763
966,685
1,468,208
1,967,931
2,458,653
2,949,016
3,439,378
3,929,741
4,420,104
6,528,007
6,939,777
7,382,147
7,828,117
8,317,340
8,804,763
9,301,185
9,803,788
10,312,510
10,816,193
11,318,076
11,818,158
12,321,481
12,790,244
13,288,166
13,789,689
14,289,411
14,780,134
15,270,497
15,760,859
16,251,222
16,741,585
402,848
411,770
442,370
445,970
489,223
487,423
496,423
502,603
508,723
503,683
501,883
500,083
503,323
468,763
497,923
501,523
499,723
490,723
490,363
490,363
490,363
490,363
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
7,528,007
7,939,777
8,382,147
8,828,117
9,317,340
9,804,763
10,301,185
10,803,788
11,312,510
11,816,193
12,318,076
12,818,158
13,321,481
13,790,244
14,288,166
14,789,689
15,289,411
15,780,134
16,270,497
16,760,859
17,251,222
17,741,585
$ 5,000,000 NET
$ 20,000,000 10,000,000 NET
OCT
NOV
DEC
2010 64
2010 65
2010 66
353
353
353
7,056
7,056
7,056
70,560
77,616
84,672
285,208
292,264
299,320
23.5% 72
25.9% 72
28.2% 72
1,470,000
1,470,000
1,470,000
14,700,000
16,170,000
17,640,000
58,145,725
59,615,725
61,085,725
152,563
152,563
152,563
1,525,631
1,678,194
1,830,757
203,738
203,738
203,738
2,037,377
2,241,115
2,444,853
220,500 2,205,000
220,500 2,425,500
220,500 2,646,000
576,801
576,801
576,801
5,768,008
6,344,809
6,921,609
24,261,028
24,837,828
25,414,629
893,199 8,931,992
893,199 9,825,191
893,199 10,718,391
61%
61%
61%
90,908 0 44,615 40,833 35,783 0
90,908 0 44,615 40,833 35,783 0
90,908 0 44,615 40,833 35,783 0
212,140
212,140
212,140
2,111,900
2,324,040
2,536,180
681,059
681,059
681,059
6,820,092
7,501,151
8,182,211
24,028,276
24,709,335
25,390,394
681,059
681,059
681,059
46%
46%
46%
6,820,092
7,501,151
8,182,211
24,028,276
24,709,335
25,390,394
190,697
190,697
190,697
1,909,626
2,100,322
2,291,019
28%
28%
28%
490,363
490,363
490,363
33%
33%
33%
4,910,466
5,400,829
5,891,192
17,231,947
17,722,310
18,212,673
490,363
490,363
490,363
0
0
0
1,000,000
1,000,000
1,000,000
18,231,947
18,722,310
19,212,673