Unassociated Document

WPCS International Inc.		Bond Holders - CR
Cash Forecast
Weekly Forecast As of 11/01/13
											Actual Beginning
											Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected
CONTROLLED ACCOUNTS	08/31/13	09/06/13	09/13/13	09/20/13	09/27/13	10/04/13	10/11/13	10/18/13	10/25/13	11/01/13	11/08/13	11/15/13	11/22/13	11/29/13	12/06/13	12/13/13	12/20/13	12/27/13	01/03/14
Beginning cash in Collateral		696,364	979,588	560,301	450,441	274,667	699,111	593,111	865,907	995,651	841,480	1,065,297	449,993	446,861	406,345	386,735	247,803	127,671	40,324
Transfers (to)/from Operating		(431,000)	(585,000)	(745,000)	(536,000)	(565,000)	(642,000)	(456,000)	(769,000)	(727,000)	(453,441)	(931,457)	(435,715)	(390,420)	(476,412)	(622,842)	(552,421)	(423,714)	(446,970)
Cash Receipts		714,224	165,713	635,140	360,226	989,445	536,000	728,796	898,744	572,829	677,258	316,154	432,583	349,904	456,803	483,910	432,288	336,366	527,019
Blue Chip Over 150 Days		0	0	1,463	0	878	5,888	0	3,367	0	0	0	0	0	0	0	0	0	0
Blue Chip Over 90 Days - Under 150		33,325	948	26,075	0	0	78,711	0	0	34,867	0	0	0	0	0	0	0	0	0
Blue Chip Under 90 Days		106,440	20,142	19,702	12,830	309,596	101,259	143,823	130,994	130,002	68,342	0	0	54,295	0	87,291	0	22,729	0
Collections Over 90 Days		46,360	3,500	35,416	48,212	2,664	143,742	115,458	7,174	21,436	0	0	0	0	0	0	0	0	0
Collections Over 60 Days - Under 90		223,471	11,419	85,985	99,390	43,096	15,108	22,678	73,319	2,342	0	0	0	0	0	0	0	0	0
Collections Under 60 Days		288,587	108,100	283,087	107,486	264,801	183,442	446,737	740,013	74,409	608,916	316,154	259,171	295,609	456,803	396,619	301,961	313,637	527,019
Collections Bonded Jobs		0	1,015	0	73,170	0	0	0	0	301,009	0	0	173,412	0	0	0	130,327	0	0
Miscellaneous - Non AR cash receipts		16,040	20,588	183,411	19,139	368,411	7,851	100	(56,123)	8,762	0	0	0	0	0	0	0	0	0
Unknown
LOC Interest/Fees		0	0	0	0	0
Master Account Total	1,173,421.30	979,588	560,301	450,441	274,667	699,111	593,111	865,907	995,651	841,480	1,065,297	449,993	446,861	406,345	386,735	247,803	127,671	40,324	120,372


Qualified AR-BB Calc		4,054,151	4,054,151	4,054,151	4,054,151	4,054,151	4,054,151	4,272,379	4,272,379	4,272,379	4,272,379	3,901,171	3,901,171	3,901,171	3,901,171	3,901,171	3,734,265	3,734,265	3,734,265
Qualified AR x 95%		3,851,444	3,851,444	3,851,444	3,851,444	3,851,444	3,851,444	4,058,760	4,058,760	4,058,760	4,058,760	3,706,112	3,706,112	3,706,112	3,706,112	3,706,112	3,547,552	3,547,552	3,547,552
Reserves and/or holdbacks:		(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)
Principal Balance		(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)	(3,406,077)
Interest on Principal		(13,632)	(16,290)	(18,947)	(21,606)	(24,269)	(26,936)	(29,603)	(32,270)	(378)	(3,028)	(5,677)	(8,326)	(10,975)	(13,632)	(16,290)	(18,947)	(21,606)	(24,269)
Net Available to Borrow		1,161,324	739,378	626,861	448,428	870,209	761,543	1,238,988	1,366,065	1,243,785	1,464,952	494,352	488,570	445,405	423,139	281,549	199	(89,807)	(12,421)


DISBURSEMENTS

Recurring Monthly Payments:
Facility Rent		11,651	0	0	0	23,665	0	0	0	23,755	0	0	0	0	23,965	0	0	0	23,965
Utilities, Auto leases, Comcast		4,549	0	3,500	882	1,000	3,552	0	4,382	547	7,260	0	4,382	0	2,000	5,260	882	3,500	2,000
Bank Fees / Veh. Equip Lease		1,648	14,279	1,515	0	656	4,865	8,226	0	3,600	2,562	8,800	0	0	6,162	8,000	0	0	3,600
Credit Cards (AMEX, BOA, Gas)		0	57,515	40,227	0	0	20,054	16,689	51,993	0	28,606	174,000	55,200	0	8,500	44,000	9,000	42,000	0
Interest, Consent Fees, Sales Tax, Franchise Tax		0	0	3,741	7,297	102,182	0	0	5,000	74,988	0	0	5,000	6,000	0	0	5,000	5,600	33,497
SUBTOTAL RECURRING PAYMENTS		17,848	71,795	48,983	8,179	127,503	28,471	24,915	61,375	102,890	38,428	182,800	64,582	6,000	40,627	57,260	14,882	51,100	63,062

Payroll & Benefits:
Payroll		125,315	194,108	126,828	194,658	108,650	162,711	150,735	153,195	147,139	169,540	163,800	160,300	160,300	160,300	157,071	154,471	117,071	192,571
PR Taxes & Fees		75,268	44,454	61,446	51,243	61,162	41,034	61,875	42,200	149,348	49,016	72,407	52,341	70,348	48,841	70,348	50,832	72,332	50,839
Union Dues & Fringes		15,000	16,217	295,155	94,973	1,984	0	189,783	79,251	0	0	257,367	25,158	0	0	151,418	136,000	30,000	0
Admin Health Insurance		0	25,647	0	7,395	0	1,932	23,872	0	9,212	0	22,058	5,235	0	0	18,558	10,735	0	0
Admin Simple Plan & 401K		0	2,020	2,826	5,839	577	2,402	14,529	2,356	4,019	2,387	4,591	2,384	544	6,428	4,588	2,384	544	6,675
Garnishments		497	703	1,571	1,196	1,506	1,977	1,521	1,977	1,506	1,971	1,462	1,978	1,528	1,978	1,528	1,978	1,528	1,978
Delinquent PR Taxes		21,562	21,562	21,562	21,562	21,562	21,554	15,493	15,493	15,493	28,004	15,493	15,493	15,493	15,493	15,493	11,962	11,962	11,962
SUBTOTAL PAYROLL & BENEFITS		237,642	304,712	509,388	376,865	195,441	231,610	457,808	294,472	326,716	250,919	537,178	262,889	248,213	233,040	419,005	368,362	233,437	264,025

Vendors to be Paid		100,083	75,133	34,753	50,052	68,079	56,304	40,530	47,806	101,992	68,114	52,380	51,144	59,369	75,645	34,477	57,077	27,077	32,783
		7,232	0	0	0	0	14,666	300	0	0	0	0	0	0	0	0	0	0	0
		34,500	0	0	3,181	0	0	0	0	759	9,978	0	0	1,738	0	0	0	0	0
		2,916	0	0	0	5,002	11,207	13,045	16,070	4,858	1,741	0	5,000	5,000	0	0	0	0	0
		964	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		1,561	8,600	0	0	269	1,739	0	0	50	0	0	0	0	0	0	0	0	0
		99,475	90,145	165,800	170,034	233,163	145,454	151,583	80,542	186,140	77,162	152,000	45,000	63,000	120,000	105,000	105,000	105,000	80,000
All other vendors/suppliers		4,144	7,167	8,500	0	2,194	3,734	0	38,048	6,054	7,100	7,100	7,100	7,100	7,100	7,100	7,100	7,100	7,100
SUBTOTAL VENDOR PAYMENTS		250,875	181,045	209,053	223,268	308,707	233,104	205,458	182,467	299,853	164,094	211,480	108,244	136,207	202,745	146,577	169,177	139,177	119,883

Subtotal Disbursements		506,365	557,551	767,423	608,312	631,650	493,185	688,181	538,313	729,459	453,441	931,457	435,715	390,420	476,412	622,842	552,421	423,714	446,970

Total Forecast Disbursements		506,365	557,551	767,423	608,312	631,650	493,185	688,181	538,313	729,459	453,441	931,457	435,715	390,420	476,412	622,842	552,421	423,714	446,970

SUMMARY
Current Projection 11/1/13
Beginning of Week Cash in Collateral Account		696,364	979,588	560,301	450,441	274,667	699,111	593,111	865,907	995,651	841,480	1,065,297	449,993	446,861	406,345	386,735	247,803	127,671	40,324
Receipts		714,224	165,713	635,140	360,226	989,445	536,000	728,796	898,744	572,829	677,258	316,154	432,583	349,904	456,803	483,910	432,288	336,366	527,019
Borrow (Disbursements for the Week)		(431,000)	(585,000)	(745,000)	(536,000)	(565,000)	(642,000)	(456,000)	(769,000)	(727,000)	(453,441)	(931,457)	(435,715)	(390,420)	(476,412)	(622,842)	(552,421)	(423,714)	(446,970)
Ending Cash Balance		979,588	560,301	450,441	274,667	699,111	593,111	865,907	995,651	841,480	1,065,297	449,993	446,861	406,345	386,735	247,803	127,671	40,324	120,372

Cumulative
Cumulative Reciepts		714,224	879,937	1,515,077	1,875,302	2,864,747	3,400,747	4,129,543	5,028,287	5,601,116	6,278,373	6,594,527	7,027,110	7,377,014	7,833,817	8,317,727	8,750,015	9,086,382	9,613,400
Cumulative Disbursements/Draws		(431,000)	(1,016,000)	(1,761,000)	(2,297,000)	(2,862,000)	(3,504,000)	(3,960,000)	(4,729,000)	(5,456,000)	(5,909,441)	(6,840,898)	(7,276,614)	(7,667,034)	(8,143,446)	(8,766,287)	(9,318,708)	(9,742,422)	(10,189,392)
Net Cash Flow		283,224	(136,063)	(245,923)	(421,698)	2,747	(103,253)	169,543	299,287	145,116	368,933	(246,371)	(249,504)	(290,019)	(309,629)	(448,561)	(568,693)	(656,040)	(575,992)


Prior Projection 10/18/13
Beginning of Week Cash in Collateral Account		696,364	979,588	560,301	450,441	274,667	699,111	593,111	865,907	756,911	708,210	813,869	477,459	487,922	476,581	595,687	291,153	239,306	248,794
Receipts		714,224	165,713	635,140	360,226	989,445	536,000	728,796	674,380	557,636	493,062	368,463	472,583	369,966	538,260	277,072	423,508	410,536	621,825
Borrow (Disbursements for the Week)		(431,000)	(585,000)	(745,000)	(536,000)	(565,000)	(642,000)	(456,000)	(783,376)	(606,338)	(387,402)	(704,874)	(462,119)	(381,308)	(419,154)	(581,606)	(475,355)	(401,048)	(583,074)
Ending Cash Balance		979,588	560,301	450,441	274,667	699,111	593,111	865,907	756,911	708,210	813,869	477,459	487,922	476,581	595,687	291,153	239,306	248,794	287,545

Cumulative
Cumulative Reciepts		714,224	879,937	1,515,077	1,875,302	2,864,747	3,400,747	4,129,543	4,803,923	5,361,559	5,854,621	6,223,085	6,695,668	7,065,634	7,603,893	7,880,965	8,304,473	8,715,009	9,336,834
Cumulative Disbursements/Draws		(431,000)	(1,016,000)	(1,761,000)	(2,297,000)	(2,862,000)	(3,504,000)	(3,960,000)	(4,743,376)	(5,349,714)	(5,737,116)	(6,441,990)	(6,904,109)	(7,285,417)	(7,704,571)	(8,286,176)	(8,761,532)	(9,162,580)	(9,745,654)
Net Cash Flow		283,224	(136,063)	(245,923)	(421,698)	2,747	(103,253)	169,543	60,547	11,845	117,505	(218,906)	(208,442)	(219,783)	(100,677)	(405,211)	(457,058)	(447,570)	(408,820)


Current Projection vs 10/18/13
Receipts
Current Projection		714,224	165,713	635,140	360,226	989,445	536,000	728,796	898,744	572,829	677,258	316,154	432,583	349,904	456,803	483,910	432,288	336,366	527,019
10/18/13 Forecast		714,224	165,713	635,140	360,226	989,445	536,000	728,796	674,380	557,636	493,062	368,463	472,583	369,966	538,260	277,072	423,508	410,536	621,825
Over/(Under)		0	0	0	0	0	0	0	224,364	15,192	184,196	(52,309)	(40,001)	(20,062)	(81,457)	206,838	8,780	(74,170)	(94,806)

	Cumulative	0	0	0	0	0	0	0	224,364	239,556	423,752	371,443	331,442	311,380	229,923	436,762	445,542	371,372	276,566

Disbursements
Current Projection		(431,000)	(585,000)	(745,000)	(536,000)	(565,000)	(642,000)	(456,000)	(769,000)	(727,000)	(453,441)	(931,457)	(435,715)	(390,420)	(476,412)	(622,842)	(552,421)	(423,714)	(446,970)
10/18/13 Forecast		(431,000)	(585,000)	(745,000)	(536,000)	(565,000)	(642,000)	(456,000)	(783,376)	(606,338)	(387,402)	(704,874)	(462,119)	(381,308)	(419,154)	(581,606)	(475,355)	(401,048)	(583,074)
Over/(Under)		0	0	0	0	0	0	0	14,376	(120,662)	(66,039)	(226,583)	26,404	(9,112)	(57,259)	(41,236)	(77,066)	(22,666)	136,104

	Cumulative	0	0	0	0	0	0	0	14,376	(106,286)	(172,325)	(398,908)	(372,504)	(381,616)	(438,875)	(480,111)	(557,177)	(579,843)	(443,738)

WPCS Consolidated Sovereign Accounts
Cash Forecast
Weekly Forecast As of 11/01/13

	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected
	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal
	8/31/2013	9/6/2013	9/13/2013	9/20/2013	9/27/2013	10/4/2013	10/11/2013	10/18/2013	10/25/2013	11/1/2013	11/8/2013	11/15/2013	11/22/2013	11/29/2013	12/6/2013	12/13/2013	12/20/2013	12/27/2013	1/3/2014	Totals
Receipts
Bank Statement Balance	743,005
Less: Outstanding Checks ( )	(268,851)
Add: Deposits In Transit	-
Adjusted Opening Cash Balance	474,154

Cash Receipts
Blue Chip Over 150 Days	-	-	-	1,463	-	878	5,888	-	3,367	-	-	-	-	-	-	-	-	-	-	11,595
Blue Chip Over 90 Days-Under 150 Days	-	33,325	-	26,075	-	-	78,711	-	-	34,867	-	-	-	-	-	-	-	-	-	172,978
Blue Chip Under 90 Days	-	106,440	20,142	19,702	12,830	309,596	101,259	143,823	130,994	130,002	68,342	-	-	54,295	-	87,291	-	22,729	-	1,207,445
Remaining AR Over 90 Days	-	45,082	3,500	35,416	48,212	2,664	143,742	115,458	7,174	21,436	-	-	-	-	-	-	-	-	-	422,684
Remaining AR Over 60 and Under 90 Days	-	223,471	11,419	85,985	99,390	43,096	15,108	22,678	73,319	2,342	-	-	-	-	-	-	-	-	-	576,808
Remaining AR Under 60 Days	-	289,865	109,048	283,087	107,486	264,801	183,442	446,737	740,013	74,409	608,916	316,154	259,171	295,609	456,803	396,619	301,961	313,637	527,019	5,974,777
Collections Bonded Jobs	-	15,000	-	-	73,170	-	-	-	-	301,009	-	-	173,412	-	-	-	130,327	-	-	692,918
Miscellaneous - Non AR cash receipts	-	1,040	21,268	183,411	19,139	368,411	7,851	100	(56,123)	8,762	-	-	-	-	-	-	-	-	-	553,859
Subtotal Receipts	-	714,224	165,378	635,140	360,226	989,445	536,000	728,796	898,744	572,829	677,258	316,154	432,583	349,904	456,803	483,910	432,288	336,366	527,019	9,613,065	9,613,065
Trans from Hudson Bay		714,224	165,378	635,140	360,226	989,444	536,000	728,796	674,380	557,636	493,062	368,463	472,583	369,966	538,260	277,072	423,508	410,536	621,825	9,336,499	9,336,499
Cash Disbursements	Less trans from Hudson Bay																			-	276,566
Recurring Monthly Payments:	-																			-
Facility Rent	-	11,651	-	-	-	23,665	-	-	-	23,755	-	-	-	-	23,965	-	-	-	23,965	107,001
Utilities, Auto leases, Comcast	-	4,549	-	3,500	882	1,000	3,552	-	4,382	547	7,260	-	4,382	-	2,000	5,260	882	3,500	2,000	43,696
Bank Fees / Veh. Equip Lease	-	1,648	14,279	1,515	-	656	4,865	8,226	-	3,600	2,562	8,800	-	-	6,162	8,000	-	-	3,600	63,913
LOC Principal / Credit Cards (AMEX, BOA, Gas)	-	-	57,515	40,227	-	-	20,054	16,689	51,993	-	28,606	174,000	55,200	-	8,500	44,000	9,000	42,000	-	547,784
Interest, Consent Fees, Sales Tax, Franchise Tax	-	-	-	3,741	7,297	102,182	-	-	5,000	74,988	-	-	5,000	6,000	-	-	5,000	5,600	33,497	248,305
	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payroll & Benefits:	-																			-
Payroll	-	125,315	194,108	126,828	194,658	108,650	162,711	150,735	153,195	147,139	169,540	163,800	160,300	160,300	160,300	157,071	154,471	117,071	192,571	2,798,762
PR Taxes & Fees	-	75,268	44,454	61,446	51,243	61,162	41,034	61,875	42,200	149,348	49,016	72,407	52,341	70,348	48,841	70,348	50,832	72,332	50,839	1,125,333
Union Dues & Fringes	-	15,000	16,217	295,155	94,973	1,984	-	189,783	79,251	-	-	257,367	25,158	-	-	151,418	136,000	30,000	-	1,292,307
Admin Health Insurance	-	-	25,647	-	7,395	-	1,932	23,872	-	9,212	-	22,058	5,235	-	-	18,558	10,735	-	-	124,645
Admin Simple Plan & 401K	-	-	2,020	2,826	5,839	577	2,402	14,529	2,356	4,019	2,387	4,591	2,384	544	6,428	4,588	2,384	544	6,675	65,095
Garnishments	-	497	703	1,571	1,196	1,506	1,977	1,521	1,977	1,506	1,971	1,462	1,978	1,528	1,978	1,528	1,978	1,528	1,978	28,382
	-	21,562	21,562	21,562	21,562	21,562	21,554	15,493	15,493	15,493	28,004	15,493	15,493	15,493	15,493	15,493	11,962	11,962	11,962	317,198
Vendors to be Paid	-																			-
WPCS CORPORATE	-	100,083	75,133	34,753	50,052	68,079	56,304	40,530	47,806	101,992	68,114	52,380	51,144	59,369	75,645	34,477	57,077	27,077	32,783	1,032,799
	-	7,232	-	-	-	-	14,666	300	-	-	-	-	-	-	-	-	-	-	-	22,198
	-	34,500	-	-	3,181	-	-	-	-	759	9,978	-	-	1,738	-	-	-	-	-	50,156
	-	2,916	-	-	-	5,002	11,207	13,045	16,070	4,858	1,741	-	5,000	5,000	-	-	-	-	-	64,838
	-	964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	964
	-	1,561	8,600	-	-	269	1,739	-	-	50	-	-	-	-	-	-	-	-	-	12,219
	-	99,475	90,145	165,800	170,034	233,163	145,454	151,583	80,542	186,140	77,162	152,000	45,000	63,000	120,000	105,000	105,000	105,000	80,000	2,174,498
All other vendors/suppliers	-	4,144	7,167	8,500	-	2,194	3,734	-	38,048	6,054	7,100	7,100	7,100	7,100	7,100	7,100	7,100	7,100	7,100	133,741
																				-
Subtotal Disbursements	-	506,365	557,551	767,423	608,312	631,650	493,185	688,181	538,313	729,459	453,441	931,457	435,715	390,420	476,412	622,842	552,421	423,714	446,970	10,253,832	10,253,832
	10/18/2013	506,365	557,551	767,423	608,312	631,650	493,185	688,181	554,376	606,338	387,402	704,874	462,119	381,308	419,154	581,606	475,355	401,048	583,074		9,809,322
																					(444,510)
Ending Cash	474,154	207,859	91,150	114,929	(110,435)	122,536	(11,893)	14,358	100,924	59,005	253,788	(115,424)	(138,675)	(136,967)	(240,562)	(401,009)	(421,417)	(526,940)	(474,377)	(640,767)


Net Weekly Cash Flow		207,859	(392,173)	(132,284)	(248,087)	357,794	42,815	40,615	360,431	(156,631)	223,817	(615,303)	(3,133)	(40,516)	(19,610)	(138,931)	(120,132)	(87,347)	80,049	(582,264)

Cumulative Cash Flow		207,859	(184,314)	(316,598)	(564,684)	(206,890)	(164,075)	(123,460)	236,971	80,341	304,158	(311,146)	(314,278)	(354,794)	(374,404)	(513,336)	(633,468)	(720,815)	(640,767)	-


						(254,142)	(388,571)	(362,320)	(275,754)	(317,673)	(122,890)	(642,103)	(665,353)	(663,645)	(767,240)	(927,687)	(948,095)	(1,053,619)	(1,001,055)
						47,252	224,497	238,861	512,725	398,014	427,048	330,957	351,075	308,851	392,836	414,351	314,627	332,803	360,288
CONTROLLED ACCOUNTS
Cash Balance in Controlled Accounts			2,026,354	2,026,354	2,026,354	2,026,354	2,562,355	3,291,151	4,189,894	4,762,723	5,439,981	5,756,135	6,188,718	6,538,622	6,995,424	7,479,334	7,911,623	8,247,989	8,775,008
Collections		-	-	-	-	0	0	0	224,364	15,192	199,388	147,079	107,078	(20,062)	(101,519)	105,319	114,100	39,930	(94,806)
Qualified AR x 95%			3,285,816	3,285,816	3,285,816	3,285,816	3,285,816	3,285,816	3,285,816	2,996,436	2,996,436	2,996,436	2,996,436	3,121,375	3,121,375	3,121,375	3,121,375	3,121,375	3,365,015
Reserves and/or holdbacks:	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)	(250,000)
Principal Balance	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000
Available to Borrow	(250,000)	(250,000)	1,062,171	1,062,171	1,062,171	1,062,171	1,598,172	2,326,967	3,450,075	3,524,351	4,385,805	4,649,650	5,042,232	5,389,935	5,765,280	6,456,029	6,897,098	7,159,294	7,795,217



OPERATING ACCOUNTS
Beginning Operating Cash Balance	474,154
Less Outstanding Checks
Available to Borrow	(250,000)	(250,000)	1,062,171	1,062,171	1,062,171	1,062,171	1,598,172	2,326,967	3,450,075	3,524,351	4,385,805	4,649,650	5,042,232	5,389,935	5,765,280	6,456,029	6,897,098	7,159,294	7,795,217
Total Cash for Disbursements	224,154	(250,000)	1,062,171	1,062,171	1,062,171	1,062,171	1,598,172	2,326,967	3,450,075	3,524,351	4,385,805	4,649,650	5,042,232	5,389,935	5,765,280	6,456,029	6,897,098	7,159,294	7,795,217
Amount Drawn		714,224	165,378	635,140	360,226	989,444	536,000	728,796	674,380	557,636	493,062	368,463	472,583	369,966	538,260	277,072	423,508	410,536	621,825
Disbursements		(506,365)	(1,063,916)	(1,831,339)	(2,439,651)	(3,071,301)	(3,564,487)	(4,252,667)	(4,790,980)	(5,520,440)	(5,973,880)	(6,905,338)	(7,341,053)	(7,731,473)	(8,207,886)	(8,830,727)	(9,383,148)	(9,806,862)	(10,253,832)

Subsidiary: WPCS
Cash Forecast
Weekly Forecast As of 11/01/13

	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected
	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	18 Week
	8/31/2013	9/6/2013	9/13/2013	9/20/2013	9/27/2013	10/4/2013	10/11/2013	10/18/2013	10/25/2013	11/1/2013	11/8/2013	11/15/2013	11/22/2013	11/29/2013	12/6/2013	12/13/2013	12/20/2013	12/27/2013	1/3/2014	Totals
Receipts
Bank Statement Balance	495,758
Less: Outstanding Checks ( )	-
Add: Deposits In Transit
Adjusted Opening Cash Balance	495,758

Cash Receipts
Blue Chip Over 150 Days																				-
Blue Chip Over 90 Days-Under 150 Days																				-
Blue Chip Under 90 Days																				-
Remaining AR Over 90 Days																				-
Remaining AR Over 60 and Under 90 Days																				-
Remaining AR Under 60 Days																				-
Collections Bonded Jobs																				-
Miscellaneous - Non AR cash receipts						367,981														367,981
Subtotal Receipts	-	-	-	-	-	367,981	-	-	-	-	-	-	-	-	-	-	-	-	-	367,981	367,981
						367,981														367,981	367,981
Cash Disbursements																				-	0
Recurring Monthly Payments:																				-
Facility Rent						5,325				5,250					5,274				5,274	21,124
Auto leases					882				882				882				882			3,527
Account Analysis Fees			8,772					8,226				8,800				8,000				33,798
LOC Principal/legal, etc												150,000								150,000
Quarterly Interest and Consent Fees						102,182				64,834										167,017
																				-
Payroll & Benefits:																				-
Payroll			41,917		41,101			38,902		40,607	3,381	41,900	1,900	41,900	1,900	41,900	1,900	1,900	40,000	339,208
PR Taxes & Fees			79	14	79			90	52	79	72	79	72	79	72	79	72	72	79	1,068
Union Dues & Fringes																				-
Admin Health Insurance					7,395					9,212			5,235				7,235			29,078
Admin Simple Plan & 401K				2,633	3,455			3,550		3,550		4,047			4,044	4,044			4,291	29,614
Garnishments																				-
																				-
Vendors to be Paid																				-
Insurance premiums FY13/14 - due 12th		38,000	38,000	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	17,500	356,000
Other											3,875									3,875
Tchek 8th and 22nd			3,723	4,389			5,683		5,279		10,326		10,000			7,000		7,000		53,400
AMEX due by the 6th & Settlement 7/15 & 8/15		1,150																		1,150
Sichenzia - monthly retainer $4k		1,300	1,300	2,600	1,300	1,800	1,800	1,800	7,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	44,400
Directors Fees 9/30/13						5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077	5,077		66,000
Zurich must be there by 5th		25,000				25,000				25,000					25,000					100,000
Cohn Reznick 50k 8/15, 50k 8/31, doulble 50k 9/15		28,333	28,333	12,333	12,333	12,333	12,333	12,333	12,333	17,333	17,333	12,333	12,333	12,333	12,333					214,666
Minken $4k & $2k 8/30, half $18k 9/30, half 10/31			-	2,319	2,319	2,319	2,319	2,319	2,319	2,319	2,319	2,319	2,319	1,725	3,085					28,003
AC Lordi											5,000	4,400	4,400	4,400	4,400	4,400	5,000			32,000
Sebastian Giordano					10,833					10,833				10,833					10,833	43,332
Other										830	395	3,000	3,000	3,000	3,000	3,000	25,000			41,225
DE Franchise Tax-was due 6/1/13, pay 1Q & 2Q 9/1/13																			33,497	33,497
Other		5,000	7,500		5,000	2,050	15,000		2,500	20,000	920	3,250	2,015		2,750				1,950	67,935
All other vendors/suppliers		1,300	-		767	2,000	2,275	1,500	577	600	13,195	2,000	2,000	2,000		2,000	2,000	2,000		34,213
																				-
Subtotal Disbursements	-	100,083	129,624	41,789	102,964	175,586	61,988	91,298	54,019	225,525	81,893	257,206	69,233	101,348	86,935	95,500	67,166	36,049	115,924	1,894,130	1,894,130
	10/18/2013	100,083	129,624	41,789	102,964	175,586	61,988	91,298	54,320	237,605	59,450	94,159	57,012	92,968	77,070	84,706	35,194	33,077	107,892		1,636,785
																					(257,345)
Ending Cash	495,758	395,675	266,051	224,261	121,297	313,692	251,705	160,407	106,388	(119,137)	(201,030)	(458,236)	(527,469)	(628,817)	(715,752)	(811,252)	(878,418)	(914,466)	(1,030,391)	(1,744,130)


Net Cash Flow	-	(100,083)	(129,624)	(41,789)	(102,964)	192,395	(61,988)	(91,298)	(54,019)	(225,525)	(81,893)	(257,206)	(69,233)	(101,348)	(86,935)	(95,500)	(67,166)	(36,049)	(115,924)

Cumulative Cash Flow		(100,083)	(229,707)	(271,496)	(374,461)	(182,065)	(244,053)	(335,351)	(389,370)	(614,895)	(696,788)	(953,993)	(1,023,227)	(1,124,574)	(1,211,510)	(1,307,010)	(1,374,176)	(1,410,224)	(1,526,148)

								Liggett	Vivien Chan	Tallmon	Cooper Elec Settle
								Donah-5075	Mullins	Marilyn Travel Award $4919.08
							Retention	Cohen 830	Alliance	K&L Gates	Minken-Q1
								Greenberg	Steve Chaussy	Klaris, Thomson

Subsidiary: Seattle Operations
Cash Forecast
Weekly Forecast As of 11/01/13

	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected
	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Forecasted
	8/31/2013	9/6/2013	9/13/2013	9/20/2013	9/27/2013	10/4/2013	10/11/2013	10/18/2013	10/25/2013	11/1/2013	11/8/2013	11/15/2013	11/22/2013	11/29/2013	12/6/2013	12/13/2013	12/20/2013	12/27/2013	1/3/2014	Totals
Receipts
Bank Statement Balance 8/31/13	189,339
Less: Outstanding Checks ( )	(191,946)
Add: Deposits In Transit
Adjusted Opening Cash Balance	(2,607)

Cash Receipts
Blue Chip Over 150 Days		-	-	1,463	-	878	5,888	-	-	-										8,228
Blue Chip Over 90 Days-Under 150 Days		33,325	-	26,075	-	-	78,711	-	-	-										138,111
Blue Chip Under 90 Days		43,296	11,882	7,383	12,380	235,188	60,517	97,117	130,994	93,707										692,464
Remaining AR Over 90 Days		35,707	3,500	4,759	45,468	-	143,742	29,390	7,174	-										269,740
Remaining AR Over 60 and Under 90 Days		216,703	1,435	11,740	80,133	-	-	17,394	18,054	-										345,459
Remaining AR Under 60 Days		181,645	54,527	125,071	101,075	40,249	67,876	125,478	374,306	24,860	216,000	175,000	195,000	100,000	240,000	185,000	185,000	190,000	175,000	2,756,087
Collections Bonded Jobs		15,000	-		-	-	-	-	-	-										15,000
Miscellaneous - Non AR cash receipts		-	8,639	1,033	12,511	429	231	-	82	3,861										26,788
Subtotal Receipts	-	525,676	79,983	177,524	251,567	276,743	356,965	269,379	530,611	122,429	216,000	175,000	195,000	100,000	240,000	185,000	185,000	190,000	175,000	4,251,876	4,251,876
	10/18/2013	525,676	79,983	177,524	251,567	276,743	356,965	269,379	200,000	200,000	195,000	125,000	220,000	100,000	240,000	185,000	185,000	190,000	175,000		3,952,836
Cash Disbursements																					299,040	Fav
Recurring Monthly Payments:																				-
Facility Rent		7,521				7,521				7,691					7,691				7,691	38,115
Utilities (Elec, tele., etc)		3,750	-	-	-		3,552				5,260					5,260				17,822
Vehicle & equipment leases		1,648	3,600	1,515			2,303			3,600					3,600				3,600	19,866
Credit Cards ( AMEX, VISA, Gas)		-	29,863	11,665			4,070	16,689	5,821		10,372	24,000	10,000		8,500	22,000	9,000			151,980
Sales Tax		-			7,297				-	5,776				6,000				5,600		24,673
																				-
Payroll & Benefits:																	Nov 5 week			-
Payroll		75,025	64,305	68,086	63,166	58,828	72,355	58,333	65,000	65,000	68,233	68,500	65,000	65,000	65,000	65,000	65,000	65,000	65,000	1,181,830
PR Taxes		32,227	27,694	23,351	26,010	23,582	21,920	24,611	21,836	108,028	28,708	26,591	29,000	25,500	25,500	25,500	25,500	25,500	25,500	546,559
Union Dues & Fringes				161,672	94,973	70		63,735	78,224			102,842	25,158				136,000	30,000		692,675
Admin Health Insurance			4,000					3,500				3,500					3,500			14,500
Admin Simple Plan & 401K			26		384	384	384	10,819	384	384	387	384	384	384	384	384	384	384	384	16,226
Garnishments		497	497	1,343	497	1,278	1,278	1,271	1,278	1,278	1,271	1,212	1,278	1,278	1,278	1,278	1,278	1,278	1,278	20,646
DELINQUENT PR TAXES		11,962	11,962	11,962	11,962	11,962	11,962	11,962	11,962	11,962	24,473	11,962	11,962	11,962	11,962	11,962	11,962	11,962	11,962	227,827
Vendors to be Paid																				-
List any single vendor payments over $50K																				-
-- Connect Air		7,232																		7,232
-- GexPro		34,500																		34,500
-- Platt invoices over 53		2,916																		2,916
-- Stoneway invoices over 53		964																		964
-- Northcoast invoices over 53		1,385																		1,385
All other vendors/suppliers		34,950	38,602	53,994	70,000	46,100	58,163	64,095	57,017	31,321	46,162	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	740,404
Office Vendors		2,626	6,609			2,194	3,734		15,223	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	2,100	51,386
																				-
Subtotal Disbursements	-	217,203	187,158	333,587	274,289	151,920	179,721	255,015	256,746	237,140	186,966	271,091	174,882	142,224	156,015	163,484	284,724	171,824	147,515	3,791,505	3,791,505
	10/18/2013	217,203	187,158	333,587	274,289	151,920	179,721	255,015	225,081	220,020	153,659	280,899	174,899	144,899	158,520	166,159	294,399	176,999	146,420		3,740,848
																					(50,657)	fav
Ending Cash	(2,607)	305,865	198,690	42,627	19,905	144,728	321,973	336,336	610,201	495,490	524,524	428,433	448,550	406,326	490,311	511,827	412,103	430,279	457,764	460,371


Net Cash Flow		308,472	(107,175)	(156,063)	(22,722)	124,823	177,245	14,364	273,865	(114,711)	29,034	(96,091)	20,118	(42,224)	83,985	21,516	(99,724)	18,176	27,485

Cumulative Cash Flow	-	308,472	201,297	45,234	22,512	147,335	324,580	338,944	612,808	498,097	527,131	431,040	451,158	408,934	492,919	514,434	414,710	432,886	460,371

		109,230
As of 8/16/13	UPDATE
	Total Due	Over 120	Retention
Accounts Receivable	3,168,373	369,020	560,891				179,721
Accounts Payable	497,384	377,410	-

Subsidiary: Suisun City Operations
Cash Forecast
As of: 11/1/13

				1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16
	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Cumulative
	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	22 Week
	8/31/2013	9/6/2013	9/13/2013	9/20/2013	9/27/2013	10/4/2013	10/11/2013	10/18/2013	10/25/2013	11/1/2013	11/8/2013	11/15/2013	11/22/2013	11/29/2013	12/6/2013	12/13/2013	12/20/2013	12/27/2013	1/3/2014	Totals
Receipts
Bank Statement Balance 8/31/13 - ALL ACCOUNTS	57,908
Less: Outstanding Checks (SOV )	(42,130)
Add: Deposits In Transit (unlocated diff)
GL Opening Cash Balance	15,778
		ACTUAL	ACTUAL	ACTUAL	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted	Forecasted
Cash Receipts	15,778	168,131	69,967	378,847	330,239	374,523	268,225	303,253	435,079	135,584	125,321	219,398	249,045	269,966	259,979	108,030	231,108	232,385	458,674
Blue Chip Over 150 Days		-	-	-	-				3,367											3,367
Blue Chip Over 90 Days-Under 150 Days		-	-	-	-	-				34,867										34,867
Blue Chip Under 90 Days		63,144	8,260	12,319	450	74,408	40,742	46,707		36,295	68,342	-	-	54,295		87,291		22,729	-	514,981
Remaining AR Over 90 Days		9,376	-	30,657	2,744	2,664		86,068		21,436										152,944
Remaining AR Over 60 and Under 90 Days		6,769	9,984	74,245	19,257	43,096	15,108	5,284	55,264	2,342										231,349
Remaining AR Under 60 Days		87,802	39,094	153,580	6,410	127,686	92,920	285,409	327,906	33,511	338,283	115,850	60,633	190,671	108,888	210,119	95,713	123,207	352,019	2,749,702
Collections Bonded Jobs		-	-	-	73,170					301,009			173,412				130,327			677,918
Miscellaneous - Non AR cash receipts		1,040	12,629	182,378	6,627		7,620		(56,205)											154,090
Subtotal Receipts		168,131	69,967	453,179	108,659	247,854	156,389	423,467	330,332	429,461	406,625	115,850	234,045	244,966	108,888	297,410	226,040	145,936	352,019	4,519,218	4,519,218
	10/18/2013	168,131	69,967	453,179	108,659	247,854	156,389	423,467	435,079	342,559	188,546	223,628	249,045	269,966	254,369	89,572	219,260	220,536	446,825		4,567,031
Cash Disbursements																					(47,813)	fav
Recurring Monthly Payments:
Facility Rent		4,130				10,819				10,814					11,000				11,000	47,763
Utilities (Elec, tele., etc)		799		3,500		1,000			3,500	-	2,000		3,500		2,000			3,500	2,000	21,799
Vehicle & equipment leases			1,907			656	2,562	-			2,562				2,562					10,249
Credit Cards (AMEX, VISA, Gas)			16,103	24,172			9,923		35,306	-	7,219		35,000			15,000		35,000		177,724
Sales Tax				3,741					5,000	4,377			5,000				5,000			23,118

Payroll & Benefits:
Payroll		40,013	77,713	48,359	82,991	41,972	81,658	46,000	84,000	37,205	93,600	48,900	88,900	48,900	88,900	48,900	86,300	48,900	86,300	1,179,511
PR Taxes		38,161	12,301	33,124	20,810	33,951	15,602	33,913	16,952	39,473	18,469	43,969	21,469	42,969	21,469	42,969	25,000	46,500	25,000	532,102
Union Dues & Fringes				133,483				111,000				141,000				141,000				526,483
Admin Health Insurance			19,125					17,850				17,850				17,850				72,675
Admin Simple Plan & 401K		-	1,994	193	2,000	193	2,018	160	1,972	85	2,000	160	2,000	160	2,000	160	2,000	160	2,000	19,255
Garnishments		-	206	228	699	228	699	250	699	228	700	250	700	250	700	250	700	250	700	7,736
Delinquent taxes		3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531	3,531
Vendors to be Paid
List any single vendor payments over $50K
Consultants							14,666													14,666
Transfers to Corporate																				-
New Job - material purchases																				-
Material Bills-paid when paid (non-specific jobs)																				-
Special Payments			8,600							50										8,650
Material Bills-pay when paid (specific job)		64,525	51,543	111,806	100,034	187,063	87,291	87,488	23,525	154,819	31,000	122,000	15,000	33,000	90,000	75,000	75,000	75,000	50,000	1,434,095
Office Bills		1,518	558	8,500					22,825	3,954	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	82,355

Subtotal Disbursements	-	152,677	193,581	370,638	210,065	279,413	217,950	300,192	197,310	254,536	166,081	382,660	180,100	133,810	227,162	349,660	199,000	214,310	182,000	4,211,145	4,211,145
	10/18/2013	152,677	193,581	370,638	210,065	279,413	217,950	300,192	245,755	131,186	161,793	303,791	212,731	135,941	179,793	318,791	144,231	189,441	327,231	FALSE	4,075,200
																					(135,945)	unfav
Ending Cash	15,778	31,232	(92,382)	(9,841)	(111,247)	(142,806)	(204,366)	(81,091)	51,931	226,856	467,400	200,590	254,534	365,690	247,416	195,166	222,206	153,833	323,851	308,073


Net Cash Flow		15,454	(123,614)	82,541	(101,406)	(31,559)	(61,560)	123,275	133,023	174,925	240,544	(266,810)	53,945	111,156	(118,274)	(52,250)	27,040	(68,374)	170,019

Cumulative Cash Flow		15,454	(108,160)	(25,619)	(127,025)	(158,584)	(220,144)	(96,869)	36,153	211,078	451,622	184,812	238,756	349,912	231,638	179,388	206,428	138,055	30 8,073

As of 9/13/13	Total Due	Current	30 Days	60 Days	Over 90	Over 120	Retention
Accounts Receivable	3,006,933	1,562,264	467,359	595,155	249,058	133,096	362,066
Accounts Payable	1,047,878	325,386	235,202	410,385	76,905		36,128

Subsidiary: Trenton Operations
Cash Forecast
Weekly Forecast As of 11/01/13

	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected	Projected
	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	Cash Bal	18 Week
	8/31/2013	9/6/2013	9/13/2013	9/20/2013	9/27/2013	10/4/2013	10/11/2013	10/18/2013	10/25/2013	11/1/2013	11/8/2013	11/15/2013	11/22/2013	11/29/2013	12/6/2013	12/13/2013	12/20/2013	12/27/2013	1/3/2014
Receipts
Bank Statement Balance	-
Less: Outstanding Checks ( )	(34,775)
Add: Deposits In Transit	-
Adjusted Opening Cash Balance	(34,775)

Cash Receipts
Blue Chip Over 150 Days																				-
Blue Chip Over 90 Days-Under 150 Days																				-
Blue Chip Under 90 Days																				-
Remaining AR Over 90 Days																				-
Remaining AR Over 60 and Under 90 Days																				-
Remaining AR Under 60 Days		20,418	15,428	4,437	-	96,866	22,646	35,850	37,801	16,038	54,633	25,304	3,538	4,938	107,915	1,500	21,249	430	-	468,989
Collections Bonded Jobs																				-
Miscellaneous - Non AR cash receipts								100		4,901										5,001
Subtotal Receipts	-	20,418	15,428	4,437	-	96,866	22,646	35,950	37,801	20,939	54,633	25,304	3,538	4,938	107,915	1,500	21,249	430	-	473,989	473,989
3	10/18/2013	20,418	15,428	4,437	-	96,866	22,646	35,950	39,301	15,077	109,516	19,835	3,538	-	43,891	2,500	19,249	-	-	448,650	448,650
Cash Disbursements																				-	25,339	fav
Recurring Monthly Payments:																				-
Facility Rent																				-
Utilities (Elec, tele., etc)										547										547
Vehicle & equipment leases																				-
Credit Cards (AMEX, VISA, Gas)			7,826				378		5,587		689		200							14,680
Sales Tax																				-
																				-
Payroll & Benefits:																				-
Payroll		10,277	10,173	10,383	7,400	7,849	8,699	7,500	4,195	4,326	4,326	4,500	4,500	4,500	4,500	1,271	1,271	1,271	1,271	98,212
PR Taxes		4,880	4,380	4,957	4,344	3,628	3,512	3,261	3,359	1,767	1,767	1,767	1,800	1,800	1,800	1,800	260	260	260	45,604
Union Dues & Fringes		15,000	16,217			1,914		15,049	1,027			13,525				10,418				73,150
Admin Health Insurance			2,522				1,932	2,522				708				708				8,392
Admin Simple Plan & 401K																				-
Garnishments																				-
Delinquent PR Taxes		6,069	6,069	6,069	6,069	6,069	6,061													36,406
Vendors to be Paid																				-
List any single vendor payments over $50K																				-
Cooper Electric litigation								300												300
Cohen					3,181					759	9,978			1,738						15,656
Billows						5,002	11,207	13,045	16,070	4,858	1,741		5,000	5,000						61,922
Burlington Electric - balance $15600 Credit Card																				-
Vendors		176				269	1,739													2,184
																				-
All other vendors/suppliers																				-
																				-
Subtotal Disbursements	-	36,402	47,188	21,409	20,994	24,731	33,527	41,676	30,238	12,258	18,501	20,501	11,500	13,038	6,300	14,197	1,531	1,531	1,531	357,052	357,052
	10/18/2013	36,402	47,188	21,409	20,994	24,731	33,527	41,676	29,220	17,526	12,500	26,025	17,478	7,500	3,771	11,949	1,531	1,531	1,531		356,489
																					(563)	unfav
Ending Cash	(34,775)	(50,758)	(82,518)	(99,491)	(120,485)	(48,351)	(59,232)	(64,958)	(57,395)	(48,714)	(12,582)	(7,779)	(15,740)	(23,840)	77,774	65,077	84,794	83,693	82,162	116,937


Net Cash Flow		(15,984)	(31,760)	(16,973)	(20,994)	72,135	(10,882)	(5,726)	7,563	8,681	36,132	4,803	(7,962)	(8,100)	101,615	(12,697)	19,718	(1,101)	(1,531)

Cumulative Cash Flow		(15,984)	(47,744)	(64,716)	(85,711)	(13,576)	(24,458)	(30,183)	(22,620)	(13,939)	22,193	26,996	19,034	10,934	112,549	99,852	119,569	118,468	116,937