Artemis Natural Homes
Income Statement
Years 1 to 5
($)
		Industry	Year 1	Year 2	Year 3	Year 4	Year 5
NET REVENUES			102,000	357,000	595,000	952,000	1,088,000
COST OF GOODS SOLD			73,914	257,343	438,071	693,057	803,443
		73.1%	72.5%	72.1%	73.6%	72.8%	73.8%
GROSS PROFIT			28,086	99,657	156,929	258,943	284,557
% of Revenues		26.9%	27.5%	27.9%	26.4%	27.2%	26.2%
OPERATING EXPENSES
Sales & Marketing			4,500	5,500	6,500	7,000	7,500
Research & Development			0	0	0	0	0
General and Administration			24,200	64,500	106,700	158,200	193,400
Total Operating Expenses			28,700	70,000	113,200	165,200	200,900
% of Revenues		24.5%	28%	20%	19%	17%	18%
EARNINGS FROM OPERATIONS			(614)	29,657	43,729	93,743	83,657
EXTRAORDINARY INCOME / (EXPENSE)			(2,000)	0	0	0	0
EARNINGS BEFORE INTEREST & TAXES			(2,614)	29,657	43,729	93,743	83,657
INTEREST INCOME / (EXPENSE)			(13,000)	(13,000)	(12,000)	(12,000)	(12,000)
NET EARNINGS BEFORE TAXES			(15,614)	16,657	31,729	81,743	71,657
TAXES			0	(504)	(12,342)	(35,885)	(31,457)
NET EARNINGS			(15,614)	16,154	19,386	45,858	40,200
		2.3%	-15.3%	4.5%	3.3%	4.8%	3.7%