Capitalization          
Pre-Money First-Round Mezzanine IPO  
                         
Founders    6,812,000 68%    6,812,000 46%  $10,490    6,812,000 36%  $  54,733    6,812,000 29%  $145,955  
Advisors    1,550,000 16%    1,550,000 10%  $  2,387    1,550,000 8%  $  12,454    1,550,000 7%  $  33,210  
Royal Family    1,638,000 16%    1,638,000 11%  $  2,523    1,638,000 9%  $  13,161    1,638,000 7%  $  35,096  
Employee Pool      2,987,013 20%  $  4,600    2,987,013 16%  $  24,000    2,987,013 13%  $  64,000  
Series A Preferred      1,948,052 13%  $  3,000    1,948,052 10%  $  15,652    1,948,052 8%  $  41,739  
Series B Preferred          3,733,766 20%  $  30,000    3,733,766 16%  $  80,000  
Public Offering              4,667,208 20%  $100,000  
               
   10,000,000    14,935,065    $23,000  18,668,831    $150,000  23,336,038    $500,000  
         
         
      Price/Share  $1.54   Price/Share  $8.03   Price/Share  $21.43