PRO-FORMA STATEMENTS OF INCOME | (In whole U.S. dollars)
LOADING LIVE DATA...
LINE ITEM
FY2024
FY2025
FY2026
FY2027
FY2028
REVENUE
Net revenue
$-
$-
$380,000
$1,680,000
$4,390,000
COST OF REVENUE
Cost of revenue
$-
$-
$114,000
$504,000
$1,317,000
Gross Profit
$-
$-
$266,000
$1,176,000
$3,073,000
OPERATING EXPENSES
Research and development
$-
$228
$250,000
$650,000
$1,100,000
Selling, general and administrative
$-
$20
$150,000
$400,000
$750,000
Amortization of intangible assets
$-
$-
$205
$205
$205
Total Operating Expenses
$-
$248
$400,205
$1,050,205
$1,850,205
Operating Income
$-
($248)
($134,205)
$125,795
$1,222,795
OTHER INCOME (EXPENSE)
Interest expense
$-
$-
$-
$-
$-
Other income (expense), net
$-
$-
$-
$-
$-
Income Before Income Taxes
$-
($248)
($134,205)
$125,795
$1,222,795
Provision for income taxes
$-
$-
$-
$-
$-
NET INCOME
$-
($248)
($134,205)
$125,795
$1,222,795
KEY METRICS
Gross Margin %
N/A
N/A
70.0%
70.0%
70.0%
Operating Margin %
N/A
N/A
-35.3%
7.5%
27.9%
Net Margin %
N/A
N/A
-35.3%
7.5%
27.9%
SOURCES & NOTES:
• FY2024-FY2025 are BETA PERIOD figures reflecting actual known costs (Netlify $228, GoDaddy $20, USPTO provisional $91). All other beta-period items are $0 — pre-revenue status.
• FY2026-FY2028 are unaudited, forward-looking management projections. NOT based on signed contracts or committed revenue. Illustrative only.
• Revenue model assumes blended SaaS license ($45K ACV) + 2.5% transaction facilitation fee on GTV. ODPS has not finalized a commercial pricing model.
• Elle Grey LLC is a pass-through entity — no entity-level income tax provision recorded.
PRO-FORMA BALANCE SHEETS | (In whole U.S. dollars)
LINE ITEM
FY2024
FY2025
FY2026
FY2027
FY2028
ASSETS — CURRENT ASSETS
Cash and cash equivalents
$800
$961
$355,961
$438,961
$1,566,961
Accounts receivable, net
$-
$-
$15,000
$65,000
$155,000
Inventories
$-
$-
$-
$-
$-
Prepaid expenses and other current assets
$-
$-
$5,000
$10,000
$20,000
Total Current Assets
$800
$961
$375,961
$513,961
$1,741,961
NON-CURRENT ASSETS
Property, plant and equipment, net
$-
$-
$5,000
$20,000
$50,000
Goodwill
$-
$-
$-
$-
$-
Intangible assets, net (Patent costs)
$-
$91
$3,886
$3,681
$3,476
Total Non-Current Assets
$-
$91
$8,886
$23,681
$53,476
TOTAL ASSETS
$800
$1,052
$384,847
$537,642
$1,795,437
LIABILITIES — CURRENT LIABILITIES
Accounts payable
$-
$-
$10,000
$25,000
$45,000
Accrued and other current liabilities
$-
$-
$8,000
$20,000
$35,000
Current portion of long-term debt
$-
$-
$-
$-
$-
Total Current Liabilities
$-
$-
$18,000
$45,000
$80,000
NON-CURRENT LIABILITIES
Long-term debt
$-
$-
$-
$-
$-
Deferred tax liabilities
$-
$-
$-
$-
$-
Total Non-Current Liabilities
$-
$-
$-
$-
$-
TOTAL LIABILITIES
$-
$-
$18,000
$45,000
$80,000
MEMBERS' EQUITY
Common stock / Member interests
$-
$-
$-
$-
$-
Additional paid-in capital (member contributions)
$800
$1,300
$501,300
$501,300
$501,300
Accumulated deficit
$-
($248)
($134,453)
($8,658)
$1,214,137
Total Members' Equity
$800
$1,052
$366,847
$492,642
$1,715,437
TOTAL LIABILITIES AND EQUITY
$800
$1,052
$384,847
$537,642
$1,795,437
PRO-FORMA STATEMENTS OF CASH FLOWS | (In whole U.S. dollars)
LINE ITEM
FY2024
FY2025
FY2026
FY2027
FY2028
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
$-
($248)
($134,205)
$125,795
$1,222,795
Depreciation and amortization
$-
$-
$205
$205
$205
Stock-based / equity compensation (non-cash)
$-
$-
$-
$-
$-
Changes in operating assets and liabilities
$-
$-
($2,000)
($28,000)
($65,000)
Net Cash From Operating Activities
$-
($248)
($136,000)
$98,000
$1,158,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment
$-
$-
($5,000)
($15,000)
($30,000)
Patent prosecution & IP costs capitalized
$-
($91)
($4,000)
$-
$-
Acquisitions, net of cash acquired
$-
$-
$-
$-
$-
Net Cash From Investing Activities
$-
($91)
($9,000)
($15,000)
($30,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from member capital contributions (founder)
$800
$500
$-
$-
$-
Proceeds from seed financing round (pro-forma target)
$-
$-
$500,000
$-
$-
Proceeds from issuance of debt
$-
$-
$-
$-
$-
Repayment of debt
$-
$-
$-
$-
$-
Distributions to members
$-
$-
$-
$-
$-
Net Cash From Financing Activities
$800
$500
$500,000
$-
$-
NET CHANGE IN CASH
$800
$161
$355,000
$83,000
$1,128,000
Cash at beginning of period
$-
$800
$961
$355,961
$438,961
CASH AT END OF PERIOD
$800
$961
$355,961
$438,961
$1,566,961
FREE CASH FLOW (NON-GAAP)
Operating cash flow
$-
($248)
($136,000)
$98,000
$1,158,000
Capital expenditures
$-
$-
($5,000)
($15,000)
($30,000)
FREE CASH FLOW
$-
($248)
($141,000)
$83,000
$1,128,000
FINANCIAL RATIOS & KEY METRICS | (Unaudited)
RATIO
FY2024
FY2025
FY2026
FY2027
FY2028
PROFITABILITY RATIOS
Gross Margin
N/A
N/A
70.0%
70.0%
70.0%
Operating Margin
N/A
N/A
-35.3%
7.5%
27.9%
Net Margin
N/A
N/A
-35.3%
7.5%
27.9%
Return on Assets (ROA)
0.0%
-23.6%
-34.9%
23.4%
68.1%
Return on Equity (ROE)
0.0%
-23.6%
-36.6%
25.5%
71.3%
LIQUIDITY RATIOS
Current Ratio
N/A
N/A
20.9x
11.4x
21.8x
Quick Ratio
N/A
N/A
20.9x
11.4x
21.8x
Cash Ratio
N/A
N/A
19.8x
9.8x
19.6x
SOLVENCY RATIOS
Debt-to-Equity
0.0x
0.0x
0.05x
0.09x
0.05x
Debt-to-Assets
0.0x
0.0x
0.05x
0.08x
0.04x
Interest Coverage
N/A
N/A
N/A
N/A
N/A
EFFICIENCY RATIOS
Asset Turnover
0.0x
0.0x
1.0x
3.1x
2.4x
BETA TRACTION METRICS | LIVE FROM SUPABASE | NOT PART OF GAAP STATEMENTS
LOADING LIVE DATA...
METRIC
FY2024
FY2025 / LIVE
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NOTE: Beta traction metrics are drawn from live Supabase compliance_logs data and user-provided figures. They have not been independently audited. $177M+ GTV represents gross transaction value routed through the platform during the beta period — not revenue collected by Elle Grey LLC.
REVENUE MODEL ASSUMPTIONS (Pro-Forma Only — Unaudited)