Lady-M-Valuation-Excel-Yuhao-Wang

Exhibit2a2012/12/312013/12/31524,785712,011----53,037135,267276,197387,04439,360107,937235,68954,10099,809449,9001,512,6101,397,4022,960,367-281,383--267,826328,561-63,097-6,0224342,8423,5003,500412,50099,980295,001917,635979,2611,703,0201,886,5041,886,504(1,780,234)(1,484,770)311,871855,613--418,1411,257,3471,397,4022,960,367TotalLiabilitiesTotalLiabilitiesandMembers'EquityAccumulatedothercomprehensiveincome(loss)CurrentearningsRetainedearningsCapitalStockShareholders'Equity:TotalShareholders'EquityUnauditedConsolidatedStatementsofFinancialConditionAssetsLoanspayable-longtermTotalAssetsLiabilitiesandShareholders'EquityLiabilities:CompensationpayableIntercompanypayableAccountspayableandaccruedexpensesDeferredrentpayableAdvancedreceiptsCorporatetaxpayableInterestpayableLoanspayable-shorttermFixedassets,netAffiliatedreceivablePrepaidexpensesandotherreceivablesDepositsIntercompanyreceivableInvestmentsinsubsidiariesCashAccountsreceivableInventory2012/12/312013/12/312014/12/31##################LiquidAssets947,502########LiquidLiabilities684,260785,385WC263,242662,372691,982830,379########∆Sales#################################∆Sales%toWC19.72%∆workingcapital399,13029,610138,396332,1512017/12/31#########2019/12/31##################################################290,632363,291454,113Exhibit2a2012/12/31#########2014/12/314,132,517##################1,303,416########2,397,4762,829,101########8,602,5241,309,589########65,676124,8271,375,265########2,816,7081,453,836########5,785,8162,449,200########6,376,493273,864499,837733,9574,00424,67936,23891,272125,102183,699233,335406,819597,37098,506104,450153,374---700,981########1,704,637752,855########4,081,179351,075753,37933,00041,800149,00741,800149,007---40,33249,974(21,627)(38,479)21,80437,1863,179--316,292929,8034,081,1794,42174,191311,871855,6121,152,00115.38%576,001576,00150.00%Avg.price80.00$COGSperunit40.00$Salesvolume14,40040.00UnitsTotalUnitsSoldperdayNETINCOMEInsuranceOther(Income)ExpenseOther(Income)InterestExpenseOtherexpenseNETINCOMEBEFOREINCOMETAXESOccupancyandDepreciaionExpensesOccupancyDepreciation&AmortizationDepreciationCorporateTaxesGeneralandAdministrativeRepairsandMaintenanceResearchandDevelopmentTotalothercontrollableexpensesCONTROLLABLEPROFITMadeinBryantParkDirectoperatingexpensesUnauditedConsolidatedStatementsofIncomeandComprehensiveIncomeSalesRevenueCostofSalesGrossMarginCompensationSalariesandwagesEmployeebenefitsTotalCompensationPRIMECOSTOtherControllableExpensesSales,General,&Admin.AmortizationMarketingUtilitiesTotalCompensation433,156PRIMECOST142,845Exhibit2c2012/12/312013/12/311,886,504#########--1,886,504############################311,871855,613--##########(629,157)------418,141#########ReinvestedEarningsUnauditedConsolidatedStatementsofRetainedEarningsandStockholders'EquityCapitalStockBeginningBalanceStockIssuedEndingBalancedNetforegincurrencytranslationEndingBalanceTotalShareholders'EquityBeginningBalanceNetIncomeDividendsEndingBalanceAccumulatedOtherComprehensiveIncome(loss)BeginningBalanceExhibit2d2012/12/312013/12/31311,871855,612-149,007(227)-7,782(135,267)-(5,666)(17,677)(110,847)--(16,875)(45,709)(4,597)(68,577)-281,383---63,837--558-(22)5,328270,000(12,520)1,750-240,692184,065552,5631,039,677(15,197)(394,150)(127,015)(800,244)(142,212)##########(24,540)222,634(24,540)222,634385,81167,917138,975644,092524,786712,009DepreciationandamortizationexpenseUnauditedConsolidatedStatementsofCashFlowsCashFlowsfromOperatingActivitesNetIncomeAdjustmentstoreconcilenetincometonetcashprovided(used)byoperatingactivities:OtherDecrease(increase)in:AffiliatedreceivablePrepaidexpensesandotherreceivablesAccountsreceivablesIntercompanyreceivablesDepositsCorporatetaxpayableLoanspayable-shorttermInterestpayableTotalAdjustmentsAdvancedreceiptsInventoryIncrease(decrease)in:CompensationpayableIntercompanypayablesAccountspayableandaccruedexpensesDeferredrentpayablesNetcashprovided(used)byoperatingactivitiesNetcashprovidedby(usedin)financingactivitiesNetincrease(decrease)incashandcashequivalentsCash,beginningofperiodCash,endofperiodCashFlowsfromInvestingActivitiesPurchaseoffixedassetsLeaseholdimprovementsNetcashprovidedby(usedin)investingactivitiesCashFlowsfromFinancingActivitiesProceeds(payments)onlong-termloanExpense310,600$Fixed38,644$Fixed594,750$Variable943,994$BreakevenPointAnalysis310,600$Fixed38,644$Fixed594,750$VariableConstructionCosts1,000,000$FixedCOGS(50%ofSales,includingFCandVC)1,943,994$VariableCosts594,750$FixedCosts1,349,244$COGS1,943,994$Sales3,887,988$SalesPriceperunit80.00$SalesVolume48,600units135units/dailyVCperunit12.24$BreakevenSalesVolume19,911units55units/dailyIfusetheBreakevenPointsSalesSales1,592,914FC1,349,244VC243,670ConstructionCosts1,000,000GM(1,000,000)IfusetheGM=0infirstyearSales2,773,600FC1,349,244VC424,281ConstructionCosts1,000,000GM75SalesVolumeDailly96GM%AssumeT-BillRate(5-year)PVofGMLabor(5%escalation)Rent(3%escalation)Utility(3%escalation)Labor(3%escalation)Rent(3%escalation)Utility(3%escalation)𝑆𝑎𝑙𝑒𝑠−𝐹𝐶−𝑉𝐶−𝐶𝐶