Karma.Financial report

	A	B	C	D	E
1	Assets	Amount	USD.rate	USD. Equiv.
2	ETH	5 701,63	404	2 303 457
3	BTC	104,38	7 411	773 530
4	LTC	2 779	124	344 539
5	DASH	6,79	333	2 261
6	KRM	439 408 176	0,01	4 394 082
7	BTS	400 556	0,15	60 083
8	BIT.USD	121 694	1	121 694
9	USD	11 582	1	11 582
10	RUB	707 733	0,0174	12 293
11	TOTAL			8 023 522
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13	Liabilities and receivables			423 189	Loans issued.
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15	Total assets, liabilities and receivables			8 446 711
16	Total assets, liabilities and receivables at prev. checkpoint			10 000 000	prev. checkpoint: 16.12.2017
17	Delta between checkpoints			-1 553 289
18	Cryptocurrency downfall to USD			-4 704 723	if we just kept our funds untouchable since tokensale end.
19	Real delta in USD			3 151 434
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21	Expenditures
22	External tokensale bonuses			-1 400 000	Post-tokensale bonuses for the PR, marketing, tech, law and other type of partners, who had a success fee contract without salary. We've cut them to 0.4M comparing to the whitepaper 1.8M target.
23	Production subcontractors			-317 438	UI, design, frontend, backend, content management, community management. Since Q2 we will actively increase our inhouse team to increase speed and reduce subcontractors' costs.
24	Exchanges			-212 000	Lobbyists, listing fees etc.
25	Tokensale team bonus vested			-142 510
26	Salaries			-116 112	12 full time inhouse team members now.
27	Events			-103 052	Conferences participation fees, our meetups, tickets, hotels, transport, food etc. Including advance payment for Dubai conference in May. Since Q2 we've decided not to buy conference participation, and only visit those conferences, which want to see us as a speakers. Or create our own meetups.
28	Office			-80 347	Rent, including first advances, reconstruction, water, food, furniture etc.
29	PR-Marketing			-28 030	TV shows, interviews, press releases, ads, souvenirs etc.
30	Lawyers			-14 000	Consulting for tokensale, loans origination and servicing, crypto-fiat exchange, holding structure design etc.
31	Saas			-1 732	Software, hosting etc.
32	Misc			-1 500
33	Total expenditures			-2 416 721
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35	Monthly operational expenditures (burn rate)			-177 725	Excluded capital expenditures like tokensale bonuses, vesting, exchanges and office installation, split by 3.5 months.
36
37	Income
38	Loan commissions and repayments			9 064
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40	Net quarterly profit			-2 407 657
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43	All amounts and exchange rates are calculated at 03.Apr.2018 14:00 Moscow time.
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