#Financial Model Republia Project

	C	D	E	F	G	H	I	J	K	L	M
1	REPUBLIA GROUP
2	FORECASTED REVENUES AND EXPENCES
3
4	Forecast Line:	1Q 2018, kUSD	2Q 2018, kUSD	3Q 2018, kUSD	4Q 2018, kUSD	Aggregated, year 2018	Aggregated 2019 year	Aggregated 2020 year	Aggregated 2021 year	Aggregated 2022 year	Total

5	REVENUES:
6
7	- private pools	0	550	710	0	1 260	0	0	0	0	1 260
8	- pre-ico	0	0	0	5 000	5 000	0	0	0	0	5 000
9	- ico	0	0	0	45 000	45 000	0	0	0	0	45 000
10	- operational income	0	0	0	0	0	600	4 210	6 955	10 510	22 275
11
12	TOTAL REVENUES	0	550	710	50 000	51 260	600	4 210	6 955	10 510	73 535
13
14	EXPENCES:
15
16	ECOSYSTEM RESEARCH AND DEVELOPMENT COSTS:
17
18	Development costs:
19	- salary for developers	160	169	288	335	951	2 290	2 780	2 531	2 455	11 008
20	- developers education and training	22	17	33	36	108	249	303	265	258	1 183
21	- IT equipment	61	3	43	3	109	92	48	16	18	283
22	- outsource code audit (blockchain)	0	0	0	20	20	108	205	102	102	538
23	Total Development costs	243	189	364	393	1 189	2 739	3 336	2 915	2 833	13 012
24
25	Research and Development costs:
26	- R&D department engineers salary	58	83	196	196	534	1 773	2 485	2 888	2 823	10 503
27	- outsource Research and Development	10	20	135	227	392	437	319	243	169	1 560
28	Total Research and Development costs	68	103	331	423	926	2 210	2 804	3 131	2 992	12 063
29	TOTAL ECOSYSTEM RESEARCH AND DEVELOPMENT COSTS:	311	291	696	817	2 115	4 949	6 140	6 045	5 826	25 075
30
31	MARKETING AND BUSINESS DEVELOPMENT COSTS:
32
33	Marketing costs:
34	- salary for marketers department	25	25	31	31	110	295	295	418	417	1 536
35	- direct digital-marketing (SMM, SEO, Native)	0	32	220	270	522	300	320	330	340	1 812
36	- outsource marketing	0	73	0	130	203	200	240	250	130	1 023
37	- ICO listings	0	20	196	246	462	0	0	0	0	462
38	- Paid ads	0	20	51	102	174	103	103	102	102	584
39	- events	0	6	6	37	49	108	129	151	172	608
40	Total Marketing costs	25	177	504	815	1 521	1 006	1 087	1 251	1 162	6 026
41
42	Business Development costs:
43	- PR department employees salaries	34	34	46	46	160	197	209	209	209	983
44	- organization of business meetups	0	1	2	7	10	15	35	81	134	275
45	- operating expenses for negotiations	0	30	90	100	220	300	350	400	450	1 720
46	Total Business Development	34	64	138	153	390	512	594	690	792	2 978
47	TOTAL MARKETING AND BUSINESS DEVELOPMENT COSTS	58	241	643	969	1 911	1 518	1 681	1 941	1 954	9 004
48
49	ADMINISTRATIVE AND OPERATIONAL EXPENCES:
50
51	Administrative and operating costs:
52	- top-management salaries	110	110	110	110	442	739	886	885	884	3 835
53	- rental	11	11	19	28	70	325	456	632	836	2 318
54	- administrative employees salaries	9	9	9	9	37	62	62	61	61	283
55	- bills (utilities)	1	1	1	2	5	46	90	147	235	523
56	TOTAL ADMINISTRATIVE AND OPERATIONAL EXPENCES:	131	132	140	150	554	1 172	1 492	1 725	2 016	6 958
57
58	NEGOTIATION AND LISTING ON EXCHANGES COSTS:
59
60	- listings on cryptoexchanges	0	0	0	614	614	1 026	615	205	205	2 664
61	TOTAL NEGOTIATION AND LISTING ON EXCHANGES COSTS	0	0	0	614	614	1 026	615	205	205	2 664
62
63	LEGAL SUPPORT COSTS:
64
65	- legal department salaries	34	34	40	55	163	222	246	270	270	1 171
66	- legal support in different countries	0	0	80	95	175	374	435	465	600	2 049
67	TOTAL LEGAL SUPPORT COSTS	34	34	120	150	338	596	681	735	870	3 220
68
69	UNEXPECTED CIRCUMSTANCES COSTS:
70
71	- unexpexted circumstances costs	100	100	150	150	500	500	500	500	500	2 500
72	TOTAL UNEXPECTED CIRCUMSTANCES COSTS	100	100	150	150	500	500	500	500	500	2 500
73
74	TOTAL EXPENCES	634	798	1 749	2 850	6 031	9 760	11 109	11 151	11 370	49 421
75
76	EBIT	-634	-248	-1 039	47 150	45 229	-9 160	-6 899	-4 196	-860	24 114
77
78	NET INCOME	-634	-248	-1 039	47 150	45 229	-9 160	-6 899	-4 196	-860	24 114
79
80	Net Margin	-100,00%	-45,12%	-146,27%	94,30%	88,23%	-1526,69%	-163,87%	-60,33%	-8,18%	32,79%