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TOUCHTOP TECHNOLOGIES, INC.Statement of Projected Cash Flow
Assuming Equity Financing of Approximately $2.3 Million on January 1, 1997 For Each of the Five Years Ending December 31, 2001
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1997 |
1998 |
1999 |
2000 |
2001 |
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|
|
|
|
|
Cash flows from operating activities: |
|
|
|
|
|
| |
|
|
|
|
|
Net income |
($1,527,819) |
$9,296,999 |
$26,047,764 |
$30,357,342 |
$37,950,115 |
| |
|
|
|
|
|
Reconciliation of net income to cash from operations: |
|
|
|
|
|
Depreciation and amortization |
60,166 |
269,428 |
519,429 |
960,858 |
1,227,047 |
Gains and losses on sale of assets |
0 |
0 |
0 |
0 |
0 |
| |
|
|
|
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Accounts receivable |
0 |
(370,333) |
(895,334) |
(2,280,803) |
(948,128) |
Accounts payable |
50,259 |
89,943 |
172,790 |
327,928 |
136,794 |
Total Changes in operating assets and liabilities |
50,259 |
(280,390) |
(722,544) |
(1,952,875) |
(811,334) |
Net cash provided (used) by operations |
(1,417,394) |
9,286,037 |
25,844,649 |
29,365,325 |
38,365,828 |
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|
|
|
|
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Cash from investing activities: |
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|
|
|
|
| |
|
|
|
|
|
(Purchases) Sales of investments |
0 |
(5,000,000) |
(10,000,000) |
(15,000,000) |
(20,000,000) |
Purchases of Property, plant, and equipment |
(300,000) |
(930,000) |
(950,000) |
(2,000,000) |
(1,600,000) |
Total Cash from investing activities
|
(300,000) |
(5,930,000) |
(10,950,000) |
(17,000,000) |
(21,600,000) |
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|
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Cash from financing activities: |
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|
|
|
|
Issuance (Retirement) of stock: |
|
|
|
|
|
Change in Preferred stock |
10,000 |
0 |
0 |
0 |
0 |
Change in Additional paid-in capital - preferred |
2,290,000 |
0 |
0 |
0 |
0 |
Change in Common stock |
1,000 |
0 |
0 |
0 |
0 |
Total Issuance (Retirement) of stock |
2,301,000 |
0 |
0 |
0 |
0 |
Total Cash from financing activities |
2,301,000 |
0 |
0 |
0 |
0 |
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_________ |
_________ |
_________ |
_________ |
_________ |
Net increase (decrease) in cash and equivalents |
583,606 |
3,356,037 |
14,894,649 |
12,365,325 |
16,765,828 |
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|
|
|
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Cash and equivalents, beginning |
0 |
583,606 |
3,939,643 |
18,834,292 |
31,199,617 |
| |
|
|
|
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Cash and equivalents, ending |
$583,606 |
$3,939,643 |
$18,834,292 |
$31,199,617 |
$47,965,445 |
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