ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
[Download this form - do not make a copy in the cloud or else it could be shared with others]
2
Build with Gemini XPRIZE
3
PROFIT & LOSS STATEMENT
4
5
Program Period: May 19 - August 17Currency:USD
6
7
DescriptionMayJuneJulyAugustFull 90 Days
8
REVENUE
9
Independent Sales (ie. sales of product or service)-
10
Related Party Revenue (ie. see Rules)-
11
TOTAL REVENUE-----
12
13
EXPENSES
14
COGS
15
Personnel-
16
Software Subscriptions-
17
Tokens-
18
SG&A
19
Personnel -
20
Software Subscriptions-
21
Tokens-
22
Other Expenses
23
Other expenses (see Legend)-
24
TOTAL EXPENSES-----
25
26
PROFIT (LOSS)-----
27
28
Build with Gemini XPRIZE | Managed by Devpost | CONFIDENTIAL
29
30
LEGEND:
31
■ COGS stands for Cost of Goods Sold and includes expenses to produce
the service provided by the business.
32
■ SG&A stands for Selling, General, and Adminstrative Expenses and includes
expenses to operate the business. If personnel is hired to do marketing activities,
that expense would be under SG&A.
33
■ "Other Expenses" may include expenses like rent,
travel, or other expenses not outlined in the P&L.
If you include them, you must explain each expense line in
your Devpost submission.
34
■ You must record revenue and expenses uses the "cash basis" method.
"Cash basis" is a financial accounting method where revenue is recorded when
cash is received, and expenses are recorded when cash is paid out.
35
■ If any expenses correspond to the use of resouces that existed
prior to the hackathon, then you must clearly outline and explain those expenses
in your Devpost submission.
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100