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efta-efta01851875DOJ Data Set 10Correspondence

EFTA Document EFTA01851875

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DOJ Data Set 10
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efta-efta01851875
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
ArtSpace - Cash Flow 2014 2015 2016 2017 Receipts 897,076 3,067,804 4,886,246 8,914,381 Payments COGS 704,882 2,183,757 3,211,700 5,751,063 Incremental COGS 0 88,715 131,349 236,247 Incremental COGS 0 38,595 136,156 284,664 GM 107,000 156,000 156,000 156,000 Marketing 110,000 270,000 278,100 286,443 Techhnology/Product 64,208 196,692 213,544 216,573 Salaries 662,302 2,215,817 2,290,124 2,381,729 Accrued Commissions 400,000 0 0 0 Bonuses 250,000 0 0 0 Integration Costs 50,000 0 0 0 2,348,392 5,149,575 6,416,973 9,312,718 Capex 0 100,000 100,000 100,000 Interest 0 100,000 100,000 100,000 Total Payments 2,348,392 5,349,575 6,616,973 9,512,718 Cash Inflow/(Outflow) (1,451,316) (2,281,772) (1,730,727) (598,337) Acccumulated Cash Flow (1,451,316) (3,733,087) (5,463,814) (6,062,151) EFTA_R1_00248092 EFTA01851875

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