This is the financial summary for Nevarro LLC in Q1 of 2024. I generated revenue apart from capital contributions for the first time, and I also put another $2k into the business via a capital contribution.
A total of $270.00 in revenue was generated, and $820.90 of expenses were incurred. The budget for this quarter was $741. The main overage was due to paying for Twilio (~$20/mo) and adding a GitHub donation for GoatCounter.
| Summary | |
|---|---|
| Revenue | $270.00 |
| Capital Contribution | $2,000.00 |
| Expenses | $820.90 |
| Equity | $1,804.79 |
The total equity is up $1,449.10 since last quarter.
At the end of the quarter, the total equity of Nevarro LLC was $1,804.79.
The equity breakdown is as follows:
| Assets | Liabilities | ||
|---|---|---|---|
| Bluevine Checking | $2,296.71 | Chase Credit Card | $491.92 |
| TOTAL | $2,296.71 | TOTAL | $491.92 |
This quarter, the burn rate was $274/mo. At this burn rate, Nevarro LLC has six months of runway. However, many of the annual subscription costs were incurred this quarter, so burn for next quarter is expected to be lower.
Server costs will be reduced to around $35/mo due to downsizing the main Matrix instance.
Multiple domain renewals and transfers will occur (I'm centralizing all of the domain registrations in Namecheap at ~$20/yr)
| Line Item | Amount |
|---|---|
| Hetzner ($35.00/mo) | $105.00 |
| Backblaze ($15.00/mo) | $45.00 |
| GitHub Donation ($5.30/mo) | $15.90 |
| Twilio Sendgrid ($19.95/mo) | $59.85 |
| TOTAL | $225.75 |