FOMO Corp. 2020 Annual Operating Budget Summary
Summary
This document outlines FOMO Corp.'s projected operating expenses for the year 2020, detailing monthly and annual budget allocations for various business activities. It includes costs for accounting, legal counsel, payroll, marketing, technology development, and other operational needs. The budget specifies payment schedules, service providers, and anticipated project timelines. The document serves as an internal financial planning tool and does not create binding obligations between parties.
EX-10.3 4 ex10-3.htm
FOMO CORP.
Summary 2020 Budget
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual Total | ||||||||||||||||||||||||||||||||||||||||||
Accounting | 2,000 | 1,000 | 2,000 | 2,000 | 2,000 | 9,000 | books and tax returns | |||||||||||||||||||||||||||||||||||||||||||||||
Amex | 2,000 | 2,000 | misc. expenses outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Audit | 3,750 | 3,750 | 2,000 | 2,000 | 2,000 | 13,500 | Boyle CPA | |||||||||||||||||||||||||||||||||||||||||||||||
Doty Scott Catchup | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 6,000 | need to find out his exact invoice and settle this out | ||||||||||||||||||||||||||||||||||||||||||||||
FOMO website | 1,500 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 2,050 | need to build a proper corporate website | ||||||||||||||||||||||||||||||||||||||||
Internet/Cell/Mailing/Supplies | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 4,800 | |||||||||||||||||||||||||||||||||||||||||
FINRA (name ticker change) | 1,100 | 1,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
FINRA (reverse split) | 1,100 | 1,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Franchise Tax Bureau CA | 800 | 800 | 2020 annual corporate fee due 4/15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Kanab Admin/Development | 500 | 500 | 500 | 750 | 750 | 750 | 1,250 | 1,250 | 1,250 | 2,500 | 2,500 | 2,500 | 15,000 | $10/hour outsourced to Markup Designs | ||||||||||||||||||||||||||||||||||||||||
Kanab apps (IOS/Android) | 7,000 | 7,000 | 14,000 | 150 days to complete | ||||||||||||||||||||||||||||||||||||||||||||||||||
Kanab friend rec engine | 1,200 | 1,200 | by 1/31 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Kanab hosting | 100 | 200 | 300 | 400 | 500 | 600 | 700 | 800 | 900 | 1,000 | 1,100 | 1,200 | 7,800 | ramps up as subscribers and users grow | ||||||||||||||||||||||||||||||||||||||||
Kanab marketplace | 1,500 | 1,500 | 3,000 | 60 days | ||||||||||||||||||||||||||||||||||||||||||||||||||
Kanab SEO Social optimization | 1,250 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 12,250 | 250 initial setup fee, hit all major social platforms | ||||||||||||||||||||||||||||||||||||||||
Kanab advertising deployment | 5,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 10,000 | wait until desktop and apps done and traffic exists to monetize | ||||||||||||||||||||||||||||||||||||||||||||||
SEC counsel | 5,000 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 32,500 | Fred Lehrer all you can eat | ||||||||||||||||||||||||||||||||||||||||
Cannabis counsel (corporate) | - | - | - | 5,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 13,000 | |||||||||||||||||||||||||||||||||||||||||
M2 (PR and XBRL hosting) | 1,000 | 1,695 | 1,695 | 1,695 | 6,085 | hosts PR and does XBRL | ||||||||||||||||||||||||||||||||||||||||||||||||
Shared office (Coworking) | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 1,500 | |||||||||||||||||||||||||||||||||||||||||
Payroll | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 120,000 | budgeting adding 1-2 10-99's in July | ||||||||||||||||||||||||||||||||||||||||
Press releases | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 12,000 | 4 per month GlobeNewswire (through M2) | ||||||||||||||||||||||||||||||||||||||||
Shoutouts for Kanab | - | 500 | 750 | 1,000 | 1,250 | 1,500 | 1,750 | 2,000 | 2,250 | 2,500 | 2,750 | 3,000 | 19,250 | celebrities at Cameo.com | ||||||||||||||||||||||||||||||||||||||||
SOS of CA | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 1,200 | amendments, fees | ||||||||||||||||||||||||||||||||||||||||
SSL/encryption | 250 | 250 | for Kanab and corporate site | |||||||||||||||||||||||||||||||||||||||||||||||||||
TA | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 12,000 | includes monthly DWAC | ||||||||||||||||||||||||||||||||||||||||
T&E | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 27,500 | need to hit the road to pitch the site to dispensaries promoters and funders, also go to India to meet programmers | |||||||||||||||||||||||||||||||||||||||||
Unexpected expenses | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 12,000 | |||||||||||||||||||||||||||||||||||||||||
Daymak | 1,700 | 1,700 | they sent an eBike to former 2050 lawyer to cleanup $4k invoice, overdue | |||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL | $ | 41,725 | $ | 20,375 | $ | 24,975 | $ | 26,125 | $ | 25,675 | $ | 30,720 | $ | 34,920 | $ | 33,920 | $ | 28,575 | $ | 30,175 | $ | 34,525 | $ | 30,875 | $ | 362,585 | ||||||||||||||||||||||||||||
1 | Q20 | $ | 87,075 | 2 | Q20 | $ | 82,520 | 3 | Q20 | $ | 97,415 | 4 | Q20 | $ | 95,575 |
Total Annual Budget | 362,585 | |||
Estimated Quarterly | 90,646 |