Exhibit99.1.2
Tel3
June 30, 2016 - Unaudited
2014 | 2015 | Jan to May 2016 | June 2016 | Jan to June 2016 | ||||||||||||||||
Revenue | $ | 3,760,000 | $ | 3,106,786 | $ | 1,059,682.11 | $ | 197,044.78 | $ | 1,256,726.89 | ||||||||||
Cost of Revenue | $ | 2,356,000 | $ | 2,124,548 | $ | 804,971.34 | $ | 142,871.15 | $ | 947,842.49 | ||||||||||
Gross Margin | $ | 1,404,000 | $ | 981,238 | $ | 254,710.77 | $ | 54,173.63 | $ | 308,884.40 | ||||||||||
37.3 | % | 31.6 | % | 24.0 | % | 27.5 | % | 24.6 | % | |||||||||||
Operating Expenses | $ | 1,165,000 | $ | 865,574 | $ | 258,954.96 | $ | 42,672.99 | $ | 301,627.95 | ||||||||||
EBITDA | $ | 5 239,000 | $ | 115,664 | - | $ | 4,244.19 | $ | 11,500.54 | $ | 7,256.45 |
May 31 | June 30 | Change | ||||||||||
Cash | $ | - | $ | - | $ | - | ||||||
AR | $ | 2,542.07 | $ | 44,327.42 | $ | 41,785.35 | ||||||
Prepaids | $ | 7,808.00 | $ | 7,268.00 | - | $ | 540.00 | |||||
Goodwill | $ | 692,202.00 | $ | 692,202.00 | $ | - | ||||||
$ | 702,552.07 | $ | 743,797.42 | $ | 41,245.35 | |||||||
A/P &Accruals | $ | 2,542.07 | $ | 42,188.40 | $ | 39,646.33 | ||||||
Deferred Revenue | $ | 700,000.00 | $ | 690,098.38 | - | $ | 9,901.62 | |||||
$ | 702,542.07 | $ | 732,286.78 | $ | 29,744.71 | |||||||
Share Capital | $ | 10.00 | $ | 10.00 | $ | - | ||||||
EBITDA | $ | - | $ | 11,500.64 | $ | 11,500.64 | ||||||
$ | 10.00 | $ | 11,510.64 | $ | 11,500.64 | |||||||
$ | 702,552.07 | $ | 743,797.42 | $ | 41,245.35 |
EBITDA | $ | 11,500.64 | ||
Cash flow from operations | $ | 11,500.64 | ||
Working capital adjustment: | ||||
AR | - | $ | 41,785.35 | |
Prepaids | $ | 540.00 | ||
AP | $ | 39,646.33 | ||
DR | - | $ | 9,901.62 | |
Operating cash flow | $ | 0.00 | ||
Investing | $ | - | ||
Fianancing | $ | - | ||
Change in cash during the period | $ | 0.00 |