# Financial Projections

**Financial Statements**

Listed below are ecoToken's financial statements for the company's first two fiscal periods. The company's financial year end is June 30th and all values are measured in Canadian Dollars (CAD).

**2022 Fiscal Year**\
Reporting Period: July 1, 2021 - June 30, 2022

<div align="left" data-full-width="false"><figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FsiBrJqkA9kmdeGEnbcw7%2FFY2022_ECOTOKEN_BalanceSheet_page-0001.jpg?alt=media&#x26;token=b1b7253f-f68f-4e51-b1ed-2fc55c59006b" alt="" width="188"><figcaption><p>Balance Sheet FY22</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FiIue1zAuZiM4iknB2oMT%2FFY2022_ECOTOKEN_IncomeStatement_page-0001.jpg?alt=media&#x26;token=23c04d95-dade-4652-a979-07ca2596e495" alt="" width="188"><figcaption><p>Income Statement FY22</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FibZCJ7Le8IadjV9TSrjC%2FFY2022_ECOTOKEN_StatementofCashFlows_page-0001.jpg?alt=media&#x26;token=7f9d0d93-6974-418c-b283-20392dc315ab" alt="" width="188"><figcaption><p>Cash Flow Statement FY22</p></figcaption></figure></div>

**2023 Fiscal Year**\
Reporting Period: July 1, 2022 - June 30, 2023

<div align="left"><figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FP5qnL0gSmXwDJcrLZbv5%2FFY2023_ECOTOKEN_BalanceSheet_page-0001.jpg?alt=media&#x26;token=c3f833e0-d286-419c-83eb-355cc6853066" alt="" width="188"><figcaption><p>Balance Sheet FY23 (1/2)</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2F56Z4zBM1pEg5CE4k2Z6q%2FFY2023_ECOTOKEN_BalanceSheet_page-0002.jpg?alt=media&#x26;token=4a501702-a18a-46b9-8235-1ee3e7a2ccab" alt="" width="188"><figcaption><p>Balance Sheet FY23 (2/2)</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FeZBq8fxVCYCNPvGGahOU%2FFY2023_ECOTOKEN_IncomeStatement_page-0001.jpg?alt=media&#x26;token=3c81d109-78f7-4ddc-bb90-1d0895d0567c" alt="" width="188"><figcaption><p>Income Statement FY23 (1/2)</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2F9bmQ3WlW1FJegSbgilDM%2FFY2023_ECOTOKEN_IncomeStatement_page-0002.jpg?alt=media&#x26;token=a4c171b0-2bda-419c-b1be-8923cd949c00" alt="" width="188"><figcaption><p>Income Statement FY23 (2/2)</p></figcaption></figure> <figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FGp8HBXAqzeJ2ruz6ar3X%2FFY2023_ECOTOKEN_StatementofCashFlows_page-0001.jpg?alt=media&#x26;token=9adf9f5b-34da-4d4d-be2b-77550df9695e" alt="" width="188"><figcaption><p>Cash Flow Statement FY23</p></figcaption></figure></div>

***

## **Financial Projections**

Listed below are ecoToken's financial projections for the next five fiscal years. The first two fiscal years are included to highlight ecoToken's past performance and to provide a basis of comparison.

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FKbHpgwxNCK4WzgHu4KRi%2FScreenshot%202023-09-15%20at%202.52.05%20PM.png?alt=media&#x26;token=cce6d2ad-b151-4384-97b3-57a744a6fa9d" alt=""><figcaption><p>FY 2022 (July 1, 2021 - June 30, 2022)</p></figcaption></figure>

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FLWntNfYnuyFlbhWtXqBT%2FScreenshot%202023-09-15%20at%203.00.52%20PM.png?alt=media&#x26;token=f555f72c-164d-40f4-83d7-c7b70a324c59" alt=""><figcaption><p>FY 2023 (July 1, 2022 - June 30, 2023)</p></figcaption></figure>

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FGy7ziemHOimUSWciZ9Uv%2FScreen%20Shot%202023-10-25%20at%2011.32.15%20AM.png?alt=media&#x26;token=78d5f3f2-9156-413b-9d64-97c5e66243f8" alt=""><figcaption><p>FY 2024 (July 1, 2023 - June 30, 2024)</p></figcaption></figure>

**FY 2024 Projections**

* $342,700 in ecoCredits sold
* $800,000 in ecoProjects funded

#### **Q1: July 1, 2023 - September, 2023**

* **Over 5,000 tonnes of carbon retired on platform with gross revenue $124,500. ecoToken retains 10% while they are not our credits**.&#x20;

#### **Q2: October, 2023 - December, 2023**

* **Revenue to date for this period is $25,500 USD.**
* Revenue from ecoToken's first joint venture operation begins to be captured. The operation located in Orlando, FL is expected to produce 5,000 gallons/day of grease feedstock for biodiesel production. 15% on the first $400,000 of monthly gross revenue will flow to ecoToken.
* Multi chain functionality is expanded and fungible cross chain ecoCredits are introduced to the platform. Strategic partnerships and marketing campaigns are launched to target offsetters and environmental projects seeking promotion.

#### **Q3: January, 2024 - March, 2024**

* The first tokenized Water Credits along with dynamic NFTs that evolve with water offsets are introduced. Positioning ourselves as an end-to-end provider in Water Credit methodology, verification, tokenization and delivery is our key advantage as we lead the market in this sector.
* First full projects are tokenized and ready to receive funding.&#x20;

#### Q4: April, 2024 - June, 2024

* Platform opens to outside projects, allowing 3rd party environmental projects developers to apply to become an ecoToken verified ecoProject. These projects will be made available for crowdfunding and ecoCredit tokenization through the ecoLedger, subject to our hosting fees.

***

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FTnpsqrQGVDphPU3TK2lh%2FScreenshot%202023-09-15%20at%203.02.42%20PM.png?alt=media&#x26;token=e29a46a1-d6a0-4bb2-bde1-53bc48b95020" alt=""><figcaption><p>FY 2025 (July 1, 2024 - June 30, 2025)</p></figcaption></figure>

### **FY 2025 Projections**

* $2,025,540 in ecoCredits sold
* $7,000,000 in ecoProjects funded

#### **Q1: July, 2024 - September, 2024**

* We anticipate the first outside projects vetted and approved to receive funding through out platform. Expansion of septic projects and targeting of manure lagoon project expansion.&#x20;

#### **Q4: April, 2025 - June, 2025**&#x20;

* The shift to utilizing credits generated by our own platform is a major part of our strategy, by this stage we anticipate 25% of ecoCredits sold come from ecoProjects funded by ecoToken. 100% of proceeds from the sale of these ecoCredits are captured by ecoToken, significantly increasing ARPU (Average Revenue per User).&#x20;
* Demand has become clear for the generation of further methodologies that can generate ecoCredits which results in increased projections in development and consulting.&#x20;

***

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2F3Y4RQw66HJINTHbeaLQN%2FScreen%20Shot%202023-09-18%20at%2008.54.09%20AM.png?alt=media&#x26;token=1ffed26b-25c2-4691-bb10-19356de7a99f" alt=""><figcaption><p>FY 2026 (July 1, 2025 - June 30, 2026)</p></figcaption></figure>

### **FY 2026 Projections**

* $4,957,487 in ecoCredits sold
* $13,500,000 in ecoProjects funded

#### **Q1: July, 2025 - September, 2025**

* We see ecoToken developing at a steady rate. The ecoCredit sales here are based off of a somewhat simple metric. Currently Solana offsets 10,000 tons per year to be carbon neutral, we are expecting other chains to follow suit. At this stage we will have credits available on over 8 chains. We also anticipate demand for fungible credits in DeFi applications on those chains to be roughly 5x the demand of the chain neutrality itself. This would be a demand of 480,000 credits per year. This would be a 9.5% market share for us which we see as very reasonable given we will be the first project to be available on all of these chains simultaneously. We will also have an established presence and credibility at this stage.&#x20;

#### **Q4: April, 2026- June, 2026**&#x20;

* We anticipate the overall market to continue expansion as credits begin to come on chain.&#x20;
* As projects through the ecoToken System continue to generate credits we have bumped our projections to ecoProject credits being 35% of our sales. This is because we will feature and market credits developed through our platform.&#x20;
* At this stage we would look to raise a series A investment to raise $20,000,000 which would allow us to expand into the compulsory market.&#x20;

***

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2FqGhNqX8U2AUU6OElQLwm%2FScreen%20Shot%202023-09-18%20at%2009.08.46%20AM.png?alt=media&#x26;token=c9ba8201-5584-4418-a2bb-e24c6e4a0dfa" alt=""><figcaption><p>FY 2027 (July 1, 2026 - June 30, 2027)</p></figcaption></figure>

### **FY 2027 Projections**

* $23,489,932 in ecoCredits sold
* $29,250,000 in ecoProjects funded

#### **Q1: July, 2026 - September, 2026**

* Enter the compulsory credit market. The price of credits sold in the compulsory market are mandated significantly higher than their voluntary market counterparts, see information below regarding Canada's Federal Benchmark Pricing System. Focus will shift towards growing the volume of credit sales from the compulsory market to 40% of transactions within 12 months.\
  \
  [Canada's Minimum National Carbon Pollution Price Schedule (2023-2030)](https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work/carbon-pollution-pricing-federal-benchmark-information/federal-benchmark-2023-2030.html)\\

* We would be looking to transition the credits being generated through ecoProjects from the voluntary market to the compulsory market. This would also make ecoProjects more appealing to funders.&#x20;

#### **Q4: April, 2027- June, 2027**

* At this stage we are predicting that we were able to achieve market entry to the compulsory market and that 40% of our transactions are now from the compulsory market.&#x20;

***

<figure><img src="https://649268996-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FTTf987fWwPlPsT9wUoC2%2Fuploads%2F8FlgVBSnwpnskaqAftiu%2FScreen%20Shot%202023-09-18%20at%2009.31.38%20AM.png?alt=media&#x26;token=8eef8029-ddb7-4158-8ff1-0c62db3316b7" alt=""><figcaption><p>FY 2028 (July 1, 2027 - June 30, 2028)</p></figcaption></figure>

### **FY 2028 Projections**

* $57,216,399 in ecoCredits sold
* $43,500,000 in ecoProjects funded

#### **Q1: July, 2027 - September, 2027**

* We anticipate continued market adoption in both the voluntary and compulsory markets. At this stage we see ecoToken as a dominant player not only in the blockchain ecoCredit industry but also the overall carbon credit industry.&#x20;
