Murphy analysis

Attached was prepared by John Murphy. I think he is producing a report based on Artspacc prepared financial report He has tied out (more or less) to the tax return filing (cash basis) It shows lettle revenue growth and costs increasing. with annual costs in 2013 and annualized 2014 at S7.9MM - Labor has been slashed so no idea on what is pay scale for current workforce - financial model has projecred costs). 1 will lok to see if 1 can match cash to bank statements but only a smattering of bank statements were posted of drop box. A quickbooks file should be made available shortly which should show all transactions.