With cash burn rate that low it doesn't take much to go positive. And if the Deferred Compensation of $45K according to the balance sheet 2nd qtr can wait then it's blue sky from here.
The thing is many HOA's are now facing difficulties collecting money. Now many states require HOA's to be registered and get permits. HOA's is now turning its management to a property management company. As F3 gets these management companies on board, ICS will be widely used in very short time. 1 propery mangement can manage 10, 50, or 100 HOA's. So we need a dozen of that those we are golden.
As you heard them say that there are about 260K HOAs in the USA and it's growing at 3 to 4% a year. Currently 70K have some management software in place. So that is about 190K HOAs that do not.
I assumed that F3 will acquire new 1200 HOAs a month. Let say each HOA's has 150 units.
For a period of one year, total 14,400 new HOAs.
Income from ICS fee alone excluding advertising revenue: $2.34 million or $0.0377 in earning per share per year.
For advertising income sharing on those 14,400 HOAs, I use 20% but per experience with F3 through John, it is 75% just like those big advertisers hosting sites. Let say we will use 20% instead from my avg pricing.
Income from advertising revenue sharing is $9.36 million a year or $0.15 in earning from advertising a year.
As you can see, just based on these two conservative numbers, F3 is to make about $0.19 a share in earning on ICS product alone.
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