Regan Arts Plan 2015 Income Statement Revenue Direct Costs Gross Margin GM% Other Expenses Net Profit Cash Flow Cash Inflows Cash Out Flows Net Cash Flow Maximum Funding Notes Current Scenario Best Case Current Worse Case 12,701,339 6,265,576 5,012,461 7,407,984 3,346,066 2,657,612 5,293,355 2,919,510 2,354,849 41.7% 46.6% 47.0% 4,640,045 4,640,045 4,640,045 653,310 (1,720,535) (2,285,196) Best Case Current Worse Case 11,050,165 5,891,777 4,713,422 12,396,855 10,844,784 10,844,784 (1,346,690) (4,953,007) (6,131,362) (4,805,391) (7,091,391) (7,686,852) - Laydown numbers per Regan Arts/S&S Sales Teams - 47% net receipts - 13% Selling & Distribution - Return Rates by Category: Fiction (50%), Illustration (30%), Other (40%) Best Case Scenario - Sell all print run - 47% net receipts - 13% Selling & Distribution - No Returns Worse Case Scenario - Laydown numbers per Regan Arts/S&S Sales Teams reduced by 20% - 47% net receipts - 13% Selling & Distribution - Return Rates by Category: Fiction (50%), Illustration (30%), Other (40%) EFTA01116400