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12:09 PM 09/26/18 Accrual Basis Adfin Solutions, Inc. Profit & Loss January through August 2018 Ordinary Income/Expense Income 40200 • Set Up Fees / Misc Income 48700 • Services Income Jan - Aug 18 60,000.00 616,107.66 Total Income 676,107.66 Gross Profit 676.107.66 Expense 60000 • Payroll & Consulting 60010 • Payroll 60011 • Gross Salaries 1,007,373.87 60150 • Officer Salaries 191,666.64 60200 • Employee Bonus 177,000.00 60300 • Employee Benefit Expense 63301 Medical Insurance Expense 36,935.67 Total 60300 Employee Benefit Expense 36,935.67 60400 • Workers compensation 3,442.39 60500 • Payroll taxes 98,221.94 60501 • Payroll Taxes Bonus 5,498.98 60600 • Payroll Admin Service Fee 19,942.48 Total 60010 - Payroll 1,540,081.97 60700 • Consulting 42,982.50 60870 • Consulting Services-G&A 60875 • Intern 7,615.25 60882 • Analyst 32,675.00 Total 60870 - Consulting Services-G&A 40,290.25 60890 • Consulting Services-Marketing 60890 • Consulting Services-Marketing - Other 186,265.50 Total 60890 - Consulting Services-Marketing 186,285.50 60900 • Consulting Services-R & D 60900 • Consulting Services-R & D - Other 55,718.80 Total 60900 - Consulting Services-R & D 55,718.80 60950 • Consulting Services-Sales 825.00 Total 60000 • Payroll & Consulting 1,866,164.02 60750 • Education and Training 61000 • Travel. Conferences. M&E 61100 • Conferences 61150 • Conferences M&E 61200 • Conferences Travel 61200 - Conferences Travel - Other 5,250.00 701.32 14,900.15 Total 61200- Conferences Travel 14,900.15 61240 • Conference Reg Fees 61250 • Conference Booth Expenses 7,990.00 14,825.17 Total 61100 - Conferences 38,416.64 61500 • Travel Expense 61500 • Travel Expense - Other 40,203.94 Total 61500 Travel Expense 40,203.94 61700 • Meals & Entertainment 61700 • Meals & Entertainment - Other 10,415.07 Total 61700 - Meals & Entertainment 10,415.07 Page 1 EFTA00797311 12:09 PM 09/26/18 Accrual Basis Adfin Solutions, Inc. Profit & Loss January through August 2018 Jan -Aug 18 Total 61000 • Travel, Conferences. M&E 89,035.65 62000 • Marketing Expenses 62311 • Client Acquisition 7,351.96 Total 62000 • Marketing Expenses 7,351.96 63000 • Data Storage Costs 63100 • Data Services 127,870.17 63400 • Subscriptions 63410 • software subscriptions-G&A 1,445.73 Total 63400 • Subscriptions 1,445.73 64220 • Storage 916.98 Total 63000 • Data Storage Costs 64000 • Adminstrative Expenses 64010 • Rent Expense 64030 • Office Rent 88,000.00 64040 • Office Expense 8,961.16 Total 64010 • Rent Expense 96,961.16 64200 • Computer and Internet Expenses 64230 • Internet, Software Expenses 25,906.39 64240 • Internet Service 8,000.00 Total 64200 • Computer and Internet Expenses 33,906.39 64300 • Office and Computer Supplies 6,452.86 64400 • Postage, Delivery & Shipping 1.00 64500 • Recruiting 64510 • Recruiting Fees 46,550.00 Total 64500 • Recruiting 46,550.00 64700 • Business Licenses and Permits 5,698.91 64710 • Registration and Filing Fees 306.75 64720 • Dues and Subscriptions 135.50 64730 • Bank Service Charges 195.70 64760 • Moving expense 130,232.88 64769 • New Office Expenses 64769 • New Office Expenses - Other Total 64769 • New Office Expenses 500.00 500.00 Total 64760 • Moving expense 500.00 64770 • Repairs and maintenance 2,600.00 64800 • Telephone Expense 7,864.84 Total 64000 • Adminstrative Expenses 201,173.11 64610 • Insurance General Liability 4,535.90 64621 • Insurance D80 and Emp Liability 7,161.00 65000 • Legal Expense 81,217.76 66700 • Professional Fees 1,632.04 69100 • Taxes 69110 • NYC Taxes 4,425.00 69120 • NYS Taxes 12,096.00 Total 69100 • Taxes 16,521.00 Total Expense 2,410,275.32 Net Ordinary Income -1,734,167.66 Net Income -1,734,167.86 Page 2 EFTA00797312