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BulletProof |
Business Plans |
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TouchTop Technologies, Inc. |
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PLANNED CAPITALIZATION - DESIRED FUNDING – USE OF PROCEEDS The Company is seeking
$2,300,000 in first round financing, in the form of convertible preferred units, to fund production and testing of 3 full-scale prototypes. The Company intends to use the proceeds from equity investments as
follows: |
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Use of Proceeds |
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GROSS OFFERING ............................................................................................... |
$2,300,000 |
LESS ESTIMATED OFFERING EXPENSES AND COMMISSIONS......... |
0 |
NET PROCEEDS.................................................................................................... |
2,300,000 |
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PLANNED USES |
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CAPITAL EXPENDITURES |
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Computer equipment
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90,000 |
Purchased software
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90,000 |
Furniture and Fixtures
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70,000 |
Leasehold Improvements
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50,000 |
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Total proceeds for capital expenditures................................................... |
300,000 |
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WORKING CAPITAL |
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Salaries and wages................................................................................................
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428,259 |
Occupancy.............................................................................................................
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173,000 |
Professional services ...........................................................................................
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120,000 |
Travel...................................
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154,059 |
Research and development expenses (1998).................................................... |
1,102,069 |
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Reserve................................
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322,613 |
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Total proceeds for working capital and reserve................................... |
1,654,774 |
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Total Uses......................................................................................... |
$2,300,000 |
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