Not sure if it would cover expenses. let's do some
Post# of 355
Posted On: 12/17/2016 2:26:03 PM
Re: Magnum7419 #104
Not sure if it would cover expenses. let's do some math here Magnum. Going to assume all employees make $15 per hour and possibly more.
31 (employees) x$15(per hour)x8(hours per day)=$3,720 per day
$3720 x20(days per month)=$74,400 per month
$74,400x40%(fringe benefits)=$29760 per month
Now you have the staff itself which I believe $5K each per month is somewhat in the range but let's just say $7K to be on the safe side which would be $85K plus benefits
5(staff) x $8K=$40K per month
Benefits $40Kx.40%=$16K
Without lights insurance Fica we have 74,400+29,760+40,000+$16000=$160,160 wages+benefits
I could be very light on the employees wages and possibly overtime. However, I would say we are cash flow positive and possibly a little net income in the event we can extrapolate the gross revenues going forward. Remember we did not have 31 employees in Sept. All in all I would say it appears good numbers for Q1 and we can expect some traditional financing. Certainly worth a huge gamble on my part!
I assume with the mobile lab and a lot of driving expenses will be rather high but all in we are golden especially with synergies involved with additional labs. Plus equipment purchases we will b ecash flow positive but starving for cash.
31 (employees) x$15(per hour)x8(hours per day)=$3,720 per day
$3720 x20(days per month)=$74,400 per month
$74,400x40%(fringe benefits)=$29760 per month
Now you have the staff itself which I believe $5K each per month is somewhat in the range but let's just say $7K to be on the safe side which would be $85K plus benefits
5(staff) x $8K=$40K per month
Benefits $40Kx.40%=$16K
Without lights insurance Fica we have 74,400+29,760+40,000+$16000=$160,160 wages+benefits
I could be very light on the employees wages and possibly overtime. However, I would say we are cash flow positive and possibly a little net income in the event we can extrapolate the gross revenues going forward. Remember we did not have 31 employees in Sept. All in all I would say it appears good numbers for Q1 and we can expect some traditional financing. Certainly worth a huge gamble on my part!
I assume with the mobile lab and a lot of driving expenses will be rather high but all in we are golden especially with synergies involved with additional labs. Plus equipment purchases we will b ecash flow positive but starving for cash.
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