$6,961,132.21 $15,377,457.28 Profit Margin-385.8%22.1%62.1%61.5%Earnings per Common Share-0.300.060.781.72 6.1.3 Staffing 2001200220032004 Total Exec. & Staff Salary 448,583691,0601,933,3205,166,7458,239,709 Office Space and Furniture 36,03378,569291,888845,2951,251,785 Travel and Expense 10,37521,71177,412215,797325,294 Number of staff 527139416587 Cost of staff per quarter 40,60442,25343,96845,75443,145 Number of staff 527139416587 Square feet per staff 900900900900900 Cost per square foot 123128133139131 Hours per quarter 2,0002,0002,0002,0002,000 Cost per hour 2032112202292166.1.4 Technology2001200220032004PCs$28,013$58,620$209,011$582,652Web Hosting includes Bandwidth$480,000$600,000$720,000$720,000Application Package Software$120,000$140,000$160,000$160,000Application Maintenance$101,510$105,632$109,921$114,384Telecommunication$2,075$4,342$15,482$43,159Number of staff527139416Cost of PCs per staff per quarter$5,400$5,400$5,400$5,400Hours per quarter$2,0002,0002,0002,000Cost per hour$203$211$220$229 7. Proposed Company Offering7.1 Proposed Company OfferingThe objective of this section is to indicate the amount of money that is being sought for TapNet.7.2 Desired FinancingBased on real-time cash flow projects we need $19,350,000.00 over the next three years.The breakdown is:SharesIPO priceSecured from Offering 3,850,000 $5.00 19,250,000 Loans from Directors 100,000 Total Cash Flow from Offering19,350,000 OfferingSharesType of StockCommonPercent of Company that investors will hold after Offering50,000 5%Securities sold through private placementPreferred7.3 CapitalizationCurrent Outstanding Shares0Proposed Outstanding Shares 3,850,000 Available to Public4,000,000 40%Retained by Directors/Executives/Board5,100,000 51%Remained authorized but unissued200,000 2%Reserved for Stock Options for future employees200,000 2%Total Shares Authorized10,000,000 100%Use of FundsThe capital raised during this offering will be used in ...
