From: Richard Joslin

From: Richard Joslin To: jeffrey E. <[email protected]> Subject: FW: 2013 sales analysis Date: Tue, 05 Aug 2014 03:21:49 +0000 Attachments: SALES AND ORDERS_ANALYSIS_2013.pdf From: Richard Joslin Sent: Monday, August 04, 2014 11:21 PM To: Eileen Alexanderson; 'Keith Fox'; 'John Murphy' Subject: 2013 sales analysis Sales tax review FY 2013 — Quickbooks shows payments for NYS sales tax - larger share of sales are NYS sourced (34% taxable + exempt; 23.8% taxable) . LTD NYS sales tax remitted - $134K Order review — median sale/ order FY 2013 is $525; 67.6% of the total number of sales generates 18.8% of revenue; 6% of number of high end sales generates 40.7% of total revenue The Artspace sales detail shows $59K of non-NY tax, ncluding taxes to states and foreign countries — no proof of having been paid but appears to have been collected I can send excel detail if desired — culled from "orders w/o names" file John circulated earlier Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 (w) (c) (f) EFTA00633838