financial forecast and assumptions as of may 1st, 2021
TRANSCRIPT
Financial Forecast and Assumptions
as of
May 1st, 2021
RISKS AND DISCLAIMERS
THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY. IT SHOULD NOT BE CONSTRUED
AS AN OFFER TO SELL, OR A SOLICITATION TO BUY ANY SECURITY OR TOKEN. THE
PRESENTATION IS NOT FOR THE GENERAL PUBLIC, BUT ONLY FOR ACCREDITED OR QUALIFIED
INVESTORS AS DEFINED UNDER US SECURITIES LAWS.
INVESTING IN THE COMPANY’S TOKENS INVOLVES AN EXTRAORDINARY DEGREE OF RISK, AND,
THEREFORE, SHOULD BE UNDERTAKEN ONLY BY INVESTORS CAPABLE OF EVALUATING THE
RISKS OF AN INVESTMENT AND BEARING THE RISKS OF A COMPLETE LOSS OF ALL INVESTED
CAPITAL. POTENTIAL INVESTORS SHOULD CAREFULLY CONSIDER THE RISKS DESCRIBED BELOW
AND THE RISKS WITH RESPECT TO THE COMPANY, THE COMPANY’S TOKEN AND
CRYPTOCURRENCY EXCHANGES AND THE OTHER INFORMATION IN THIS OFFERING AND
CONSULT WITH THEIR PROFESSIONAL ADVISORS BEFORE DECIDING WHETHER TO INVEST.
THERE CAN BE NO ASSURANCE THAT THE COMPANY’S TOKEN HOLDERS WILL RECEIVE A
RETURN OF THEIR CAPITAL OR ANY RETURNS ON THEIR INVESTMENT. AN INVESTMENT IN THE
COMPANY’S TOKENS IS DESIGNED ONLY FOR SOPHISTICATED PERSONS WHO ARE ABLE TO RISK
LOSING THEIR ENTIRE INVESTMENT IN THE COMPANY’S TOKENS. THE RISKS DESCRIBED HERE
ARE NOT EXHAUSTIVE.
BLOCKQUAKE IS A STARTUP; A LARGE PART OF THIS PRESENTATION THEREFORE CONSISTS OF
FORWARD LOOKING STATEMENTS RELATING TO: PLANS AND OBJECTIVES OF MANAGEMENT
FOR FUTURE OPERATIONS OR ECONOMIC PERFORMANCE; CONCLUSIONS AND PROJECTIONS
ABOUT CURRENT AND FUTURE ECONOMIC AND POLITICAL TRENDS AND REGULATIONS IN THE
CRYPTO CURRENCY AND BLOCKCHAIN SPACE; AND PROJECTED FINANCIAL RESULTS AND
RESULTS OF OPERATIONS. PROJECTED FINANCIAL RESULTS IN THIS PRESENTATION ARE ONLY
SAMPLES FOR POTENTIAL FUTURE PROFITABILITY. ACTUAL RESULTS COULD MATERIALLY
DIFFER FROM FORWARD-LOOKING STATEMENTS.
Page: 2 of 11
BlockQuake™ Holdings, LLC 110 Wall Street New York, NY 10005 Phone: (646) 657-1712 www.blockquake.com
COMPANY OVERVIEW:
BlockQuake™ is a Fintech Company established in January 2018 that is aiming to be the NASDAQ of
cryptocurrency/digital asset exchanges through its first line of business, a centralized trading platform. Our trading
exchange platform has been built and is currently undergoing extensive testing. We plan a “soft” launch during
June 2021 and anticipate a full global launch of onboarding customers during August 2021. Once globally
launched; we expect over 100 pairings available for trading, interest earning capabilities to be accessible and at
least six language options for our customers to choose from.
BlockQuake™ plans on Creating Seismic Shifts™ in the cryptocurrency/digital asset trading space by offering
the following features to distinguish itself from competitors:
❖ All customers/traders will receive a US FDIC insured account opened in their name that custodies their
FIAT currency
❖ Globally launching with six (6) FIAT currencies in some of the most liquid markets:
o USD, AUD, CAD, GBP, EUR, and JPY
❖ Additionally, allowing deposits from ~ 140 countries via debit/credit card:
o For non USD, AUD, CAD, GBP, EUR, and JPY FIAT deposits, customers/traders deposits
will auto convert to USD and be FDIC insured in USD
❖ Within 90/120 days after “soft” launching; adding borrowing/lending capabilities
o BlockQuake customers/traders will be able to earn annual interest on their
cryptocurrency/digital asset holdings--including Stable coins pegged one to one against the
USD--prorated based on time. Annual interest varies per digital asset but could exceed eight
percent (8%) on Stable coins.
▪ Example, an active trader that doesn’t want to risk market volatility while
they are sleeping can trade out of their cryptocurrencies into a Stable coin;
earning interest while sleeping and then trade back into cryptocurrencies
when ready
❖ One Stop Shop Exchange
o No need to use multiple trading exchange platforms to execute a buy or sell order
Page: 3 of 11
❖ Hundreds of Options with multiple base pairings and fiat integration
o Up to eight base cryptocurrencies (i.e. BTC, ETH, XLM, LTC, BCH, ETC, USDT, TUSD)
▪ Additional cryptocurrencies will be added each quarter &
• Up to twenty additional fiat currencies may be added during the first twenty-four months
❖ No Withdrawal Fees on the first ten withdrawals each month
❖ High Performance
o Using a battle-tested, high frequency trading engine based on equities technology
❖ Secure
o Trusted security protocols utilized in traditional financial markets
MARKET HIGHLIGHTS / OTHER:
• Major global regulators have made it clear their intent is to regulate this marketplace, not shut it down
• The leading exchanges regularly have had trading volumes approaching $1 billion USD daily despite
concerns
• The top cryptocurrency exchanges (inclusive of those less than a year old) currently have annualized
revenue ranging from $500 million to $1 billion USD
• The cryptocurrency markets represent less than 2% of the entire global economy, paving the way for
exponential growth, similar to the rise of the dot com/internet era
• Major global financial and technology institutions are investing in blockchain technology,
cryptocurrency projects and exchanges
• The BlockQuake™ team has more diversified experience in data management, traditional tech and
finance as well as risk management and regulatory expertise than what currently exists in this space
• BlockQuake™ seeks to create beneficial partnerships with key global financial and technology
institutions to ensure its longevity and viability in this space and is already in negotiations to enter
foreign markets
• Beyond the cryptocurrency/digital asset exchange, future projects will include investment research
analysis, blockchain projects, tax franchising, amongst other revenue creating projects; including a
traditional Broker Dealer/Alternative Trading System business
Page: 4 of 11
Page: 5 of 11
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Forecasted QuakeCoin™ Tokens in
Circulation - - - - 4,000,000,000 4,326,966,667 4,972,430,000 5,609,423,333 5,609,423,333
Grand Total - - - - 4,000,000,000 4,326,966,667 4,972,430,000 5,609,423,333 5,609,423,333
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Average conservative QuakeCoin™ Token
Price$0.00 $0.00 $0.00 $0.00 $0.54 $1.38 $2.38 $3.38 $1.10
Grand Total $0.00 $0.00 $0.00 $0.00 $0.54 $1.38 $2.38 $3.38 $1.10
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Average Daily Exchange Trading Volume -
excluding QuakeCoin™ $ - $ - $ - $ 181,750,000 $ 1,302,236,474 $ 2,151,593,883 $ 4,416,872,035 $ 9,355,319,221 $ 2,486,824,516
Average Daily Exchange Trading Volume -
QuakeCoin™ ONLY (i.e. conservative 3% of
total circulation)
- - - - 32,500,000 180,939,625 356,674,363 570,342,838 162,922,404
Grand Total -$ -$ -$ 181,750,000$ 1,334,736,474$ 2,332,533,508$ 4,773,546,398$ 9,925,662,058$ 2,649,746,920$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Total BQH Exchange Transaction Fees
Revenue (NET)-$ -$ -$ 78,314,600$ 574,842,125$ 1,016,886,750$ 2,080,646,108$ 4,308,071,859$ 8,058,761,442$
Grand Total -$ -$ -$ 78,314,600$ 574,842,125$ 1,016,886,750$ 2,080,646,108$ 4,308,071,859$ 8,058,761,442$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Funds Raised from Private and Public Token
Sales - - - 50,000,000 75,000,000 - - - 125,000,000
Interest Income 8 11 1 88,282 2,034,054 4,910,652 10,797,569 25,502,128 43,332,706
Token Listing Fees - - - 175,000 250,000 275,000 302,500 332,750 1,335,250
Grand Total 8$ 11$ 1$ 50,263,282$ 77,284,054$ 5,185,652$ 11,100,069$ 25,834,878$ 169,667,956$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
1. Total Personnel -$ -$ -$ 40,084,992$ 98,220,535$ 99,242,111$ 100,294,334$ 101,378,124$ 439,220,097$
2. Total Exchange Development & Related 40,000 114,733 288,198 7,429,150 32,001,625 42,710,375 74,918,566 109,860,627 267,363,275
3. Total International Operations - - - 450,000 5,695,620 8,261,989 10,905,348 13,628,009 38,940,966
4. Total Filing and Attorney Fees 38,831 67,539 55,496 1,019,496 1,343,371 1,383,672 1,425,183 1,467,938 6,801,526
5. Total Insurance - - - 6,932,888 38,408,049 65,689,960 131,205,703 268,289,766 510,526,365
6. Total Consultants 130,266 385,716 80,868 26,462,077 38,635,021 32,481,578 33,096,013 34,088,894 165,360,431
7. Total Transportation, Lodging, etc. 64,754 145,968 3,528 550,388 850,350 875,860 902,136 929,200 4,322,183
8. Total Other Administrative Costs 19,249 215,468 174,271 6,482,132 32,856,682 53,526,017 102,466,884 204,943,979 400,684,682
9. Total Property 11,235 32,700 35,290 100,500 402,000 501,360 516,401 735,968 2,335,454
10. Total Deprecation - - 50,000 2,192,857 4,335,714 6,478,571 8,621,429 10,764,286 32,442,857
11. Total Other (Unforeseen) - - (100) 2,741,011 20,119,474 35,591,036 72,822,614 150,782,515 282,056,550
Grand Total 304,335$ 962,122$ 687,552$ 94,445,490$ 272,868,441$ 346,742,529$ 537,174,611$ 896,869,305$ 2,150,054,385$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Profit from Operations / (Loss) - PFO (304,327)$ (962,111)$ (687,551)$ 34,132,392$ 379,257,738$ 675,329,873$ 1,554,571,566$ 3,437,037,432$ 6,078,375,013$
Grand Total (304,327)$ (962,111)$ (687,551)$ 34,132,392$ 379,257,738$ 675,329,873$ 1,554,571,566$ 3,437,037,432$ 6,078,375,013$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Minority Interest / Profit Sharing @ 55% PFO -$ -$ -$ -$ 125,414,521$ 323,677,583$ 738,565,772$ 1,637,241,426$ 2,824,899,302$
Grand Total -$ -$ -$ -$ 125,414,521$ 323,677,583$ 738,565,772$ 1,637,241,426$ 2,824,899,302$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Total Tax & Interest Expense -$ -$ -$ 9,830,594$ 70,867,427$ 99,050,809$ 227,761,121$ 500,252,496$ 907,762,447$
Grand Total -$ -$ -$ 9,830,594$ 70,867,427$ 99,050,809$ 227,761,121$ 500,252,496$ 907,762,447$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
Net Income (304,327)$ (962,111)$ (687,551)$ 24,301,798$ 182,975,790$ 252,601,481$ 588,244,674$ 1,299,543,510$ 2,345,713,264$
Grand Total (304,327)$ (962,111)$ (687,551)$ 24,301,798$ 182,975,790$ 252,601,481$ 588,244,674$ 1,299,543,510$ 2,345,713,264$
Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TOTALS
EBITDA (304,327)$ (962,111)$ (637,551)$ 36,325,250$ 258,178,932$ 358,130,861$ 824,627,223$ 1,810,560,291$ 3,285,918,569$
Grand Total (304,327)$ (962,111)$ (637,551)$ 36,325,250$ 258,178,932$ 358,130,861$ 824,627,223$ 1,810,560,291$ 3,285,918,569$
BLOCKQUAKE™
Summary Financial Forecast - Key Performance Indicators
For the Period Covering Years 2018 - 2025
Page: 6 of 11
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Assets
Current Assets
Cash 320,973$ 55,513$ 16,441$ 19,306,268$ 179,466,942$ 342,876,605$ 794,072,638$ 1,804,515,181$
Accounts Receivable @ 25 % Crypto's - - - 6,435,423 59,822,314 114,292,202 264,690,879 601,505,060
Other Current and Non Current Assets
(Goodwill, etc.) - - - - - - - -
Total Current and Non Current Assets 320,973 55,513 16,441 25,741,690 239,289,256 457,168,806 1,058,763,518 2,406,020,241
Long-term Assets
Long-term Assets - - 15,350,000 30,350,000 45,350,000 60,350,000 75,350,000
Less : Accumulated Depreciation - - (2,192,857) (4,335,714) (6,478,571) (8,621,429) (10,764,286)
Total Long-term Assets - - - 13,157,143 26,014,286 38,871,429 51,728,571 64,585,714
Total Assets 320,973$ 55,513$ 16,441$ 38,898,833$ 265,303,542$ 496,040,235$ 1,110,492,089$ 2,470,605,955$
Liabilities and Capital
Current Liabilities
Accounts Payable / Accrued Expenses -$ -$ -$ 10,180,594$ 53,609,513$ 31,744,724$ 57,951,905$ 166,366,854$
Current Borrowing - - - - - - - -
Other Current Liabilities - - - - - - - -
Subtotal Current Liabilities - - - 10,180,594 53,609,513 31,744,724 57,951,905 166,366,854
Long-term Liabilities - - - - - - - -
Total Liabilities - - - 10,180,594 53,609,513 31,744,724 57,951,905 166,366,854
Paid-in Capital 625,300 1,321,950 1,922,830 6,322,830 6,322,830 6,322,830 6,322,830 6,322,830
Retained Earnings / (Losses) - (304,327) (1,218,839) (1,906,390) 22,395,409 205,371,199 457,972,680 998,372,761
Earnings / (Losses) (304,327) (962,111) (687,551) 24,301,798 182,975,790 252,601,481 588,244,674 1,299,543,510
Total Capital 320,973 55,513 16,441 28,718,239 211,694,029 464,295,511 1,052,540,184 2,304,239,101
Total Liabilities and capital 320,973$ 55,513$ 16,441$ 38,898,833$ 265,303,542$ 496,040,235$ 1,110,492,089$ 2,470,605,955$
Net Worth 320,973$ 55,513$ 16,441$ 28,718,239$ 211,694,029$ 464,295,511$ 1,052,540,184$ 2,304,239,101$
BLOCKQUAKE™
Projected Balance Sheet
For the Period Covering Years 2018 - 2025
Page: 7 of 11
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Totals
Beginning Cash Balance - $320,973 $55,513 $16,441 $25,741,690 $239,289,256 $457,168,806 $1,058,763,518 -
Cash Received
Cash from Operations
Cash Sales - 75% Fiat - - - 58,735,950 431,131,594 762,665,062 1,560,484,581 3,231,053,894 6,044,071,082
Cash from Receivables - - - 19,578,650 143,710,531 254,221,687 520,161,527 1,077,017,965 2,014,690,361
Subtotal Cash from Operations - - - 78,314,600 574,842,125 1,016,886,750 2,080,646,108 4,308,071,859 8,058,761,442
Additional Cash Received
Non Operating Other Income - Interest Income 8 11 1 88,282 2,034,054 4,910,652 10,797,569 25,502,128 43,332,706
Token Sales and Listing Fees - - - 50,175,000 75,250,000 275,000 302,500 332,750 126,335,250
New Current Borrowing - - - - - - - - -
New Long-term Liabilities - - - - - - - - -
New Investment Received 625,300 696,650 600,880 4,400,000 - - - - 6,322,830
Subtotal Cash Received 625,308 696,662 600,881 132,977,882 652,126,179 1,022,072,402 2,091,746,177 4,333,906,737 8,234,752,229
Expenditures
Expenditures from OperationsCash Spending - Cash used for Operating Expenses
(excluding deprecation) 304,335 962,122 637,552 92,252,633 268,532,727 340,263,958 528,553,182 885,900,945 2,117,407,453
Subtotal Spent on Operations 304,335 962,122 637,552 92,252,633 268,532,727 340,263,958 528,553,182 885,900,945 2,117,407,453
Additional Cash SpentNon Operating Other Expense - Cash used for
Interest Expense & Taxes - - 2,401 - 22,381,366 76,510,080 103,282,411 221,462,131 423,638,390
Short Term Liabilities Principal Repayment - - - - - - - - -
Long Term Liabilities Principal Repayment - - - - - - - - -
Minority Interest / Profit Sharing Distributions - - - - 125,414,521 323,677,583 738,565,772 1,637,241,426 2,824,899,302
Dividends - Cash used for Partner Distributions - - - - 7,250,000 48,741,231 104,750,101 227,045,512 387,786,843
Purchase Other Current Assets - - - - - - - - -
Purchases & Technology Developments - - - 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 75,000,000
Cash used for Other (Earnest Money Deposits,
Investment in New Companies, Finders Fee, etc.): - - - - - - - - -
Subtotal Cash Spent 304,335 962,122 639,953 107,252,633 438,578,614 804,192,852 1,490,151,466 2,986,650,014 5,828,731,988
Net Cash Flow 320,973 (265,461) (39,072) 25,725,250 213,547,566 217,879,550 601,594,711 1,347,256,723 2,406,020,241
Ending Cash Balance $320,973 $55,513 $16,441 $25,741,690 $239,289,256 $457,168,806 $1,058,763,518 $2,406,020,241 $2,406,020,241
BLOCKQUAKE™
Projected Cash Flow
For the Period Covering Years 2018 - 2025
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FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Totals
Average Daily Exchange Trading Volume - Excluding
QuakeCoin ™ $ - $ - $ - $ 181,750,000 $ 1,302,236,474 $ 2,151,593,883 $ 4,416,872,035 $ 9,355,319,221 $ 2,486,824,516
Forecasted QuakeCoin™ Tokens in Circulation - - - - 4,000,000,000 4,326,966,667 4,972,430,000 5,609,423,333 5,609,423,333
Average Conservative QuakeCoin™ Token Price $ - $ - $ - $ 0.54 $ 1.38 $ 2.38 $ 3.38 $ 1.10
Average Daily Exchange Trading Volume - QuakeCoin ™
ONLY (i.e. conservative 3% of total circulation) $ - $ - $ - $ - $ 32,500,000 $ 180,939,625 $ 356,674,363 $ 570,342,838 $ 162,922,404
Revenue
BQH Exchange Transaction Fees Revenue
Exchange Revenue - Excluding QuakeCoin™ @ 0.2% -$ -$ -$ 120,484,000$ 857,817,423$ 1,417,563,678$ 2,911,693,438$ 6,165,356,677$ 11,472,915,216$
Exchange Revenue - QuakeCoin™ ONLY @ 0.2% - - - - 21,576,000 119,337,949 235,056,717 375,737,523 751,708,190
QuakeCoin™ Token Referral Program - 20% - - - - (4,315,200) (23,867,590) (47,011,343) (75,147,505) (150,341,638)
QuakeCoin ™ Token Holders Discount - 35% Blended Rate - - - (42,169,400) (300,236,098) (496,147,287) (1,019,092,703) (2,157,874,837) (4,015,520,326)
Total BQH Exchange Transaction Fees Revenue (NET) -$ -$ -$ 78,314,600$ 574,842,125$ 1,016,886,750$ 2,080,646,108$ 4,308,071,859$ 8,058,761,442$
Other Revenue Streams
Funds Raised from Private and Public Token Sales $ - $ - $ - $ 50,000,000 $ 75,000,000 $ - $ - $ - $ 125,000,000 Token Listing Fees - - - 175,000 250,000 275,000 302,500 332,750 1,335,250
Interest Income 8 11 1 88,282 2,034,054 4,910,652 10,797,569 25,502,128 43,332,706
Total Other Revenue Streams 8$ 11$ 1$ 50,263,282$ 77,284,054$ 5,185,652$ 11,100,069$ 25,834,878$ 169,667,956$
Total Net Revenue 8$ 11$ 1$ 128,577,882$ 652,126,179$ 1,022,072,402$ 2,091,746,177$ 4,333,906,737$ 8,228,429,398$
Expenses
Salaries -$ -$ -$ 4,988,630$ 25,797,375$ 26,571,296$ 27,368,435$ 28,189,488$ 112,915,225$
Bonus if KPI's are Met - - - 33,500,000 64,168,000 64,168,000 64,168,000 64,168,000 290,172,000
Benefits - - - 1,596,362 8,255,160 8,502,815 8,757,899 9,020,636 36,132,872 Total Personnel -$ -$ -$ 40,084,992$ 98,220,535$ 99,242,111$ 100,294,334$ 101,378,124$ 439,220,097$
Exchange Development & Related
Design and Implementation 40,000$ 75,500$ 153,095$ 552,405$ 655,636$ 675,305$ 695,564$ 716,431$ 3,563,937$
Annual Maintenance and Consulting - - - 5,876,745 30,025,989 40,675,470 72,822,614 107,701,796 257,102,614
Other Development Related - 39,233 135,103 1,000,000 1,320,000 1,359,600 1,400,388 1,442,400 6,696,723
Total Exchange Development & Related 40,000$ 114,733$ 288,198$ 7,429,150$ 32,001,625$ 42,710,375$ 74,918,566$ 109,860,627$ 267,363,275$
International Operations
International Office Operations (Multiple Countries) - - - 450,000 5,695,620 8,261,989 10,905,348 13,628,009 38,940,966
Total International Operations - - - 450,000 5,695,620 8,261,989 10,905,348 13,628,009 38,940,966
Filing and Attorney Fee Expenses
Regulatory Filings (i.e. Domestic and International) -$ -$ -$ 325,588$ 464,409$ 478,341$ 492,691$ 507,472$ 2,268,502$
Filings Fees (i.e. non attorney billable hours) - 9,190 (1,903) 243,811 338,062 348,204 358,650 369,410 1,665,424
Other Legal (unknown) 38,831 58,349 57,400 450,097 540,900 557,127 573,841 591,056 2,867,600
Total Filing and Attorney Fees 38,831$ 67,539$ 55,496$ 1,019,496$ 1,343,371$ 1,383,672$ 1,425,183$ 1,467,938$ 6,801,526$
BLOCKQUAKE™
Projected Income Statement
For the Period Covering Years 2018 - 2025
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FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Totals
BLOCKQUAKE™
Projected Income Statement
For the Period Covering Years 2018 - 2025
Insurance Expenses
Business (i.e. C-Suite, Cyber, etc.) -$ -$ -$ 1,788,167$ 2,731,818$ 2,813,772$ 2,898,185$ 2,985,131$ 13,217,072$
Trader Asset Protection (i.e. SIPC, DIC, IADI, BFSB, etc.) - - - 122,745 857,885 1,525,330 3,120,969 6,462,108 12,089,037
Other Trader Asset Protection (i.e. Market Places like Lloyd’s of
London) - - - 4,809,796 34,490,528 61,013,205 124,838,767 258,484,312 483,636,607
Life - - - 212,180 327,818 337,653 347,782 358,216 1,583,649
Total Insurance -$ -$ -$ 6,932,888$ 38,408,049$ 65,689,960$ 131,205,703$ 268,289,766$ 510,526,365$
Consultant Expenses
Security Services -$ -$ -$ 838,333$ 1,295,225$ 1,334,082$ 1,374,104$ 1,415,327$ 6,257,071$
Cyber Security - - - 3,333,333 5,150,000 5,304,500 5,463,635 5,627,544 24,879,012
Customer Service / Call Center - - - 8,327,997 12,146,000 12,510,380 12,885,691 13,272,262 59,142,331
Advertising and Marketing - - - 12,588,416 18,886,596 12,140,700 12,144,909 12,509,257 68,269,878
C.P.A (Audit & Tax) 10,000 41,605 - 388,997 601,000 619,030 637,601 656,729 2,954,960
Others 120,266 344,111 80,868 985,000 556,200 572,886 590,073 607,775 3,857,178
Total Consultants 130,266$ 385,716$ 80,868$ 26,462,077$ 38,635,021$ 32,481,578$ 33,096,013$ 34,088,894$ 165,360,431$
Transportation, Lodging, etc. Expenses
Travel & Lodging (Flights) 6,241$ 28,564$ 22$ 154,500$ 238,703$ 245,864$ 253,239$ 260,837$ 1,187,970$
Travel & Lodging (Hotels) 4,409 21,205 90 118,821 183,578 189,085 194,758 200,601 912,547
Travel & Lodging (Car Rentals, Gas, Airport Fees, Taxis, Train, etc.) - 8,647 1,114 25,462 39,338 40,518 41,734 42,986 199,798
Meals & Entertainment 3,252 19,291 1,145 34,333 53,045 54,636 56,275 57,964 279,942
Lease Car / Insurance 75 - - 5,092 7,868 8,104 8,347 8,597 38,083
Events 50,776 68,261 1,157 212,180 327,818 337,653 347,782 358,216 1,703,843
Total Transportation, Lodging, etc. 64,754$ 145,968$ 3,528$ 550,388$ 850,350$ 875,860$ 902,136$ 929,200$ 4,322,183$
Other Administrative Costs
Advertising / Media Tapings / Firms etc. 10,000$ 62,058$ 9,204$ 1,178,000$ 3,000,000$ 3,900,000$ 4,500,000$ 5,100,000$ 17,759,262$
ADP Fees - - - 1,252,656 3,069,392 3,101,316 3,134,198 3,168,066 13,725,628
Bank & Credit Card fees 567 32,446 95,380 3,764,520 26,381,803 46,107,049 94,402,505 196,232,826 367,017,095
Software - New Releases, Updates 367 - - 57,289 78,676 81,037 83,468 85,972 386,808
Office Supplies / Books & Publications 6,583 7,831 1,096 14,322 19,669 20,259 20,867 21,493 112,119
Website Development / Registration / Fundraising Portals - 45,374 18,526 71,611 73,759 75,972 78,251 80,599 444,091
Public Relations Firm / Press Release Services - 60,000 23,799 94,525 95,481 98,345 101,296 104,335 577,781
Tuition Reimbursement - possible employee benefit - - - - 81,955 84,413 86,946 89,554 342,867
Cell & Lan Phones / High Speed Internet - 446 - 9,548 13,113 13,506 13,911 14,329 64,853
Postage / UPS Store related - 96 1 2,387 3,278 3,377 3,478 3,582 16,199
Computer Equip./ Software / Licenses 1,241 544 4,635 2,387 3,278 3,377 3,478 3,582 22,522
Website Hosting / Other Hosting (Email, Customer Support, etc.) 191 6,673 21,630 32,500 33,000 33,990 35,010 36,060 199,054
Business Card, Logo & Art Work 300 - - 2,387 3,278 3,377 3,478 3,582 16,402
Total Other Administrative Costs 19,249$ 215,468$ 174,271$ 6,482,132$ 32,856,682$ 53,526,017$ 102,466,884$ 204,943,979$ 400,684,682$
Property Expenses
Rent & Utilities (Multiple Locations) 11,235$ 32,700$ 35,290$ 100,500$ 300,000$ 309,000$ 318,270$ 531,893$ 1,638,888$
Mobile Exchange Offices - - - - 90,000 180,000 185,400 190,962 646,362
Storage - - - - 12,000 12,360 12,731 13,113 50,204
Total Property 11,235$ 32,700$ 35,290$ 100,500$ 402,000$ 501,360$ 516,401$ 735,968$ 2,335,454$
Deprecation Expense
Deprecation -$ -$ 50,000$ 2,192,857$ 4,335,714$ 6,478,571$ 8,621,429$ 10,764,286$ 32,442,857$
Total Deprecation -$ -$ 50,000$ 2,192,857$ 4,335,714$ 6,478,571$ 8,621,429$ 10,764,286$ 32,442,857$
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FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Totals
BLOCKQUAKE™
Projected Income Statement
For the Period Covering Years 2018 - 2025
Other Expenses
Unforeseen -$ -$ (100)$ 2,741,011$ 20,119,474$ 35,591,036$ 72,822,614$ 150,782,515$ 282,056,550$
Total Other -$ -$ (100)$ 2,741,011$ 20,119,474$ 35,591,036$ 72,822,614$ 150,782,515$ 282,056,550$
Total Operating Expenses 304,335$ 962,122$ 687,552$ 94,445,490$ 272,868,441$ 346,742,529$ 537,174,611$ 896,869,305$ 2,150,054,385$
Profit from Operations / (Loss) - PFO (304,327)$ (962,111)$ (687,551)$ 34,132,392$ 379,257,738$ 675,329,873$ 1,554,571,566$ 3,437,037,432$ 6,078,375,013$
Minority Interest / Profit Sharing @ 55% PFO - - - - 125,414,521 323,677,583 738,565,772 1,637,241,426 2,824,899,302$
Tax and Interest Expenses
GILTI, Franchise, Other Tax - - - 9,830,594 70,867,427 99,050,809 227,761,121 500,252,496 907,762,447
Interest Expense - - - - - - - - -
Total Tax & Interest Expense - - - 9,830,594 70,867,427 99,050,809 227,761,121 500,252,496 907,762,447
Net Income (304,327)$ (962,111)$ (687,551)$ 24,301,798$ 182,975,790$ 252,601,481$ 588,244,674$ 1,299,543,510$ 2,345,713,264$
EBITDA (304,327)$ (962,111)$ (637,551)$ 36,325,250$ 258,178,932$ 358,130,861$ 824,627,223$ 1,810,560,291$ 3,285,918,569$
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