Aarnav ARM A1 Miner PROFITABLITY

PROJECTED REVENUES FROM CRYPTOMINING BY USING OBELISK SC1 MINERS
PARTICULARS 2019-2020 Projected 2020-2021 Projected
1. GROSS RECEIPT
(I)CRYPTOMINING {NOTE 1} 1767403 1324950
TOTAL 1767403 1324950
2. OPERATING EXPENSES
(II) POWER {NOTE 2} 242506 242506
(III) SALARY 170000 170000
(IV) DEPRECIATION {NOTE 3} 275000 274780
(V) SPARE PARTS 27490 8833
(VI) LEASE CHARGES 76200 76200
(VII) INSTALLATION CHARGES 80000 00000
(VIII) SUB TOTAL (II TO VII) 871196 772319
3. GENERAL AND ADMINISTRATIVE EXP. 17775 17775
4.SUB TOTAL (2+3)(TOTAL COST) 888971 790094
5. EARNINGS BEFORE INTEREST, TAX AND AMORTIZATION (EBITA) (1-4) 878432 534856
6. INTEREST 60000 00000
7. EARNING BEFORE TAX (EBT) (5-6) 818432 534856
8. PROVISION FOR TAXES (25.7%) 210337 137458
9. NET EARNING (7-8) 608095 397398
PROJECTED BALANCE SHEET
PARTICULARS 2019-2020 Projected 2020-2021 Projected
1.CURRENT LIABILITIES
PROVISION FOR TAXATION 210337 137458
SECURED LOANS 400000 00000
TOTAL (A) 610337 137458
2. CAPITAL
FUNDED BY DIRECTORS 225000 225000
GENERAL RESERVES 608095 1005493
TOTAL (B) 833095 1230493
TOTAL LIABILITIES (A+B) 1443432 1367951
3.CURRENT ASSETS
CASH AND BANK BALANCES 1168652 1367951
TOTAL (C)
4.FIXED ASSETS
GROSS BLOCK 549780 00000
LESS:TOTAL DEPRECIATION 275000 00000
TOTAL (D) 274780 00000
TOTAL ASSETS (C+D) 1443432 1367951
PROJECTED CASH FLOW STATEMENT
PARTICULARS 2019-2020 Projected 2020-2021 Projected
BANK BALANCE AT THE START OF THE YEAR 1168652
CASH COMING IN
CROWDFUNDING 225000 --
LOANS 400000 --
NET EARNING 608095 397398
NON CASH EXEPENSES
DEPRECIATION 275000 274780
PROVISION FOR TAX 210337 137458
TOTAL (A) 1718432 1978288
CASH GOING OUT
MINING EQUIPMENTS 549780 --
REFUND OF LOAN -- 400000
TAX PAID -- 210337
TOTAL (B) 549780 610337
BANK BALANCE AT THE END OF 1168652 1367951 THE YEAR (A-B) 1168652 1367951
PROJECTED CASH FLOW STATEMENT
PARTICULARS OBELISK SC1 OBELISK SC1
1-ST YEAR 2019-20 II-ND YEAR 2020-21
GROSS AVERAGE PROFIT PER DAY $22.01 $16.50
GROSS PROFIT PER YEAR PER MACHINE 22.01X365=$8033.65 16.50X365=$6022.50
GROSS PROFIT FOR 220 MACHINES $8033.65 X 220 = 1,767,403million$ $6022.50 X 220 = 1,324,950million$
CALCULATION OF ELECTRICITY COST
PARTICULARS OBELISK SC1 1-st YEAR TOTAL 2-nd YEAR TOTAL
COST OF ELECTRICITY PER MACHINE PER DAY $3.02
COST OF ELECTRICITY PER MACHINE PER YEAR $3.02 X 365 = $1102.30
TOTAL COST OF ELECTRICITY FOR 220 MACHINES {{NOTE 2}} $1102.30 X 220 = 242,506 million$ $1102.30 X 220 = 242,506 million$
CALCULATION OF COST OF MACHINES AND DEPRICIATION
PARTICULARS OBELISK SC1 1-st Year OBELISK SC1 2-nd Year
PRICE $2499 Inclusive of PSU
DEPRECIATION PER MACHINE PURCHASED IN 1ST YEAR $1250 $1249
COST OF 220 MACHINES PURCHASED $2499 X 220 = 549,780 Million$
TOTAL COST OF MACHINES (GROSS BLOCK) 549,780 Million$
TOTAL DEPRECIATION $1250 X 220 = 275,000million$ $1249 X 220 = 274,780million$