Burst.com, Inc.

Profit & Loss Detail

July 1, - September 30, 2003

 

     
Jul - Sep 03 Jan - Sep 03
Ordinary Income/Expense
Income
Burstware Lisc. Fees 40,300.00 120,900.00
Total Income 40,300.00 120,900.00
Gross Profit 40,300.00 120,900.00
Expense
R & D
Professional Svs. - R&D 17,935.37 27,999.37
Total R & D 17,935.37 27,999.37
G & A
Salary & Wage Expense
Payroll Service 132.64 1,448.85
Ins NF 0.00 -180.00
Salary - Admin 32,550.00 92,075.00
Salary - Operations 12,500.01 35,416.70
Payroll Taxes
Payroll Tax - Admin 1,842.19 7,272.77
Payroll Tax Operations 956.25 2,954.62
Total Payroll Taxes 2,798.44 10,227.39
Insurance Medical 0.00 300.00
Temp Help - Office 2,490.00 6,375.00
Vacation Accural Admin. -1,384.61 -461.54
Vacation Accural Oper -817.31 625.00
Total Salary & Wage Expense 48,269.17 145,826.40
Accounting & Auditing Exp
Acct. Corporate 5,250.00 37,834.70
Total Accounting & Auditing Exp 5,250.00 37,834.70
Legal Expense
Legal Corporate 140.00 4,542.20
Legal SEC Filings 0.00 195.00
Legal Contract Negotiations 0.00 1,695.00
Total Legal Expense 140.00 6,432.20
Patent Expense
Pat. Main. Domestic 0.00 3,418.00
Pat. Main. International 3,376.00 8,966.00
Pat.- Legal Domestic 0.00 5,034.05
Pat. - Legal International 1,587.21 9,667.73
Total Patent Expense 4,963.21 27,085.78
Professional Services
Prof. Svs. - Misc 2,775.00 2,775.00
Total Professional Services 2,775.00 2,775.00
Auto Leases 1,486.89 4,460.67
Bank Charges & Penalties 0.00 -50.00
Computer Maintenance 0.00 643.42
Computer Purchase <$500 0.00 554.05
Dues & Subscriptions 0.00 179.40
Fees & Licensese Exp 45.00 797.57
Insurance Bus/Liability 0.00 2,276.98
Insurance Key Man 1,105.00 3,393.00
Internet Web Hosting 0.00 549.80
Meals 0.00 59.17
Misc. Expense 0.00 69.99
Office Supplies 208.46 486.87
Other Expense Misc. 0.00 55.26
Postage 366.59 1,260.66
Printing - Office 81.27 257.36
Stock Admin Fees 777.14 2,164.92
Rent - Office 2,925.00 7,710.00
Storage - Admin 543.00 1,448.00
Taxes Other 100.00 100.00
Telephone Expense
Phone - Admin 769.74 2,112.79
Phone - Office 525.66 1,938.90
Phone - Operations 353.30 1,034.94
Phone Internet ISP 293.75 855.77
Total Telephone Expense 1,942.45 5,942.40
Travel
Travel - Admin 234.00 765.88
Travel - Operations 748.00 2,403.00
Total Travel 982.00 3,168.88
Total G & A 71,960.18 255,482.48
Negotiated Vendor Reductions -72,991.88 -83,749.38
Depreciation 10,900.74 33,942.38
Total Expense 27,804.41 233,674.85
Net Ordinary Income 12,495.59 -112,774.85
Other Income/Expense
Other Income
Interest Income 759.71 3,696.41
Total Other Income 759.71 3,696.41
Other Expense
Interest Expense
Interest Exp Disc. Notes 43,709.00 131,127.00
Interest Exp - Notes 43,575.15 124,851.45
Total Interest Expense 87,284.15 255,978.45
Other Income (Expense)
Income Tax Expense - State 846.00 1,646.00
Total Other Income (Expense) 846.00 1,646.00
Total Other Expense 88,130.15 257,624.45
Net Other Income -87,370.44 -253,928.04
Net Income -74,874.85 -366,702.89