May 2018 Accounts

Website Cryptocurrency Mining

May 2018 Accounts

June 13, 2018 Accounts News 0

We are now one month away from the ICO and we have detailed our budget to the end of July along with the monthly accounts.

The spend allocation is really only a rough guide at this point as this will likely change between now and the ICO.

Cash flow forecast for start of ICO

Accounts for May 2018

Income Report

  Year to date
  $ $
     
Income    
Token Crowdsale    
USD   54,023
Ethereum   0
Bitcoin   0
Adsense for Search   56
     
Direct income expenses    
Purchases 80  
Domain names 0  
     
  80  
Gross Income   53,999
     
Less Overheads    
     
Office Rent 0  
Salaries 7,151  
Advertising 3,154  
Mileage Expenses 0  
Repairs and renewals 0  
Telephone Charges 0  
Stationery, Printing & Postage 84  
Server costs 11,537  
Insurance 0  
Travel & Business Entertainment 325  
Paypal and Bank Charges 2,420  
Currency Exchange variation (2,173)  
Legal and accountancy fees 1,604  
Depreciation 0  
   
Total Overheads 24,103  
     
     
Net Income   29,896

 

Balance Sheet

  $ $
Fixed Assets    
     
Plant & Machinery 0  
Motor Vehicles 0  
Office Equipment 0  
    0
Current Assets    
     
   
Sundry Debtors 3,052  
Bank Account 1 32,160  
Bank Account 2 (3,701)  
Bitcoin/Ethereum 0  
Paypal account 1,531  
    33,042
Creditors    
Trade Creditors 1,484  
Sundry Creditors 0  
Loan Account 0  
Taxation 346  
     
    1,830
Net Current Assets   31,212
     
Creditors after one year    
Long Term Loan   0
     
Net Assets   31,212
     
     
Capital & Reserves    
     
Share Capital   1,316
Dividends Paid 0  
Profit & Loss 0  
Income Report 29,896  
    29,896
    31,212