This document shows ION Storm's projected "burn rate," or rate of expenditure, through December 1999. Pursuant to its contract with Eidos, ION's "burn rate" is used to determine how much money Eidos will advance ION Storm.
| Ion Storm Burn Rate July 1998 to December 1999 | |||||||||||||||||||||||||||||
| Comparison of August actuals to the model | |||||||||||||||||||||||||||||
| Actual | Proj | Dollar | Percent | Projections | |||||||||||||||||||||||||
| Sep-98 | Dec-98 | Variance | Variance | Jul-98 | Aug-98 | Sep-98 | Oct-98 | Nov-98 | Dec-98 | Jan-99 | Feb-99 | Mar-99 | Apr-99 | May-99 | Jun-99 | Jul-99 | Aug-99 | Sep-99 | Oct-99 | Nov-99 | Dec-99 | ||||||||
| Payroll (including on costs - 12%av) | Payroll (including on costs - 12%av) | ||||||||||||||||||||||||||||
| Daikatana (then next) | $235,249 | $212,480 | (22,769) | -9.68% | Daikatana (then next) | $132,277 | $137,177 | $123,643 | $124,861 | $124,861 | $126,541 | $126,541 | $128,049 | $129,150 | $131,628 | $133,057 | $133,465 | $133,910 | $134,330 | $134,771 | $134,771 | $134,771 | $134,771 | ||||||
| Dominion | $55,646 | $0 | (55,646) | -100.00% | Dominion | $50,486 | $45,586 | $13,067 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||||
| Doppelgdnger | $51,277 | $0 | (51,277) | -100.00% | Doppelganger | $74,265 | $74,265 | $121,683 | $121,683 | $124,560 | $127,949 | $128,642 | $128,642 | $129,004 | $129,004 | $129,886 | $130,558 | $131,146 | $131,146 | $131,146 | $131,146 | $131,146 | $131,146 | ||||||
| Anachronox (then next) | $138,431 | $147,662 | 9,231 | 6.67% | Anachronox (then next) | $118,832 | $118,832 | $119,378 | $119,378 | $119,953 | $122,683 | $123,103 | $123,838 | $123,838 | $127,057 | $127,469 | $127,956 | $128,972 | $129,527 | $129,527 | $129,527 | $129,527 | $129,527 | ||||||
| Deus Ex (Austin) | $130,345 | $130,345 | 0 | 0.00% | Deus Ex (Austin) | $101,113 | $101,113 | $101,827 | $104,237 | $104,237 | $104,237 | $104,237 | $105,665 | $105,665 | $107,595 | $107,595 | $108,746 | $109,502 | $109,910 | $110,213 | $110,213 | $110,213 | $110,213 | ||||||
| Payroll - overheads (incl gen games) | $92,930 | $102,161 | 9,231 | 9.93% | Human Head | $0 | |||||||||||||||||||||||
| Technology | $0 | $ - | 0 | Technology | $0 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $39,200 | $42,728 | $42,728 | $42,728 | $42,728 | $42,728 | |||||||
| $703,878 | $592,648 | (111,230) | -15.80% | $476,973 | $476,973 | $479,598 | $470,160 | $473,612 | $481,411 | $482,524 | $525,395 | $526,858 | $534,485 | $537,208 | $539,926 | $542,731 | $547,642 | $548,385 | $548,385 | $548,385 | $548,385 | ||||||||
| Other game specific costs | Other game specific costs | ||||||||||||||||||||||||||||
| Daikatana | $ - | $ - | $ - | $ - | Daikatana | $32,000 | $68,000 | ||||||||||||||||||||||
| Dominion | $ - | $ - | $ - | $ - | Dominion | $100,000 | |||||||||||||||||||||||
| Doppelganger | $ - | $ - | $ - | $ - | Doppelganger | ||||||||||||||||||||||||
| Anachronox | $ - | $ - | $ - | $ - | Anachronox | $100,000 | |||||||||||||||||||||||
| Deus Ex (Austin) | $11,440 | $11,440 | 0 | 0.00% | Deus Ex (Austin) | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $11,630 | $111,980 | $11,980 | $11,980 | $11,980 | $11,980 | $11,980 | ||||||
| Human Head (W'sin) | $ - | $ - | $ - | $ - | Human Head (W'sin) | ||||||||||||||||||||||||
| Technology | $ - | $ - | $ - | $ - | Technology | ||||||||||||||||||||||||
| $11,440 | $11,440 | 0 | 0.00% | $111,630 | $11,630 | $11,630 | $11,630 | $43,630 | $11,630 | $11,630 | $79,630 | $11,630 | $111,630 | $11,630 | $11,630 | $111,980 | $11,980 | $11,980 | $11,980 | $11,980 | $11,980 | ||||||||
| Overheads | |||||||||||||||||||||||||||||
| Payroll - general games | $54,367 | $54,367 | $54,367 | $54,367 | $54,808 | $56,236 | $56,866 | $57,328 | $57,664 | $58,063 | $58,730 | $58,730 | $59,260 | $59,260 | $59,260 | $59,260 | $59,260 | $59,260 | |||||||||||
| Overheads | Payroll - overheads | $55,785 | $62,785 | $62,785 | $48,785 | $48,785 | $48,785 | $49,688 | $49,688 | $50,150 | $50,507 | $50,906 | $50,906 | $51,221 | $52,901 | $52,901 | $52,901 | $52,901 | $52,901 | ||||||||||
| Premises | $47,665 | $47,665 | 0 | 0.00% | Premises | $45,307 | $45,307 | $45,307 | $45,307 | $45,307 | $45,307 | $45,307 | $45,307 | $54,107 | $45,307 | $45,307 | $45,307 | $46,666 | $46,666 | $46,666 | $46,666 | $46,666 | $46,666 | ||||||
| Staff welfare | $12,768 | $12,768 | 0 | 0.00% | Staff welfare | $26,550 | $19,050 | $14,050 | $14,925 | $14,050 | $14,050 | $16,050 | $14,050 | $31,550 | $14,925 | $17,550 | $14,050 | $15,347 | $14,472 | $14,472 | $15,347 | $14,472 | $14,472 | ||||||
| Marketing | $782 | $782 | 0 | 0.00% | Marketing | $4,700 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | ||||||
| Financial, legal, professional | $37,349 | $25,000 | (12,349) | -33.06% | Financial, legal, professional | $64,550 | $24,550 | $24,550 | $24,550 | $32,550 | $24,550 | $24,550 | $24,550 | $24,550 | $24,550 | $24,550 | $74,550 | $25,287 | $25,287 | $25,287 | $25,287 | $25,287 | $25,287 | ||||||
| Travel & entertainment | $62,828 | $20,500 | (42,328) | -67.37% | Travel & entertainment | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $20,500 | $21,115 | $21,115 | $21,115 | $21,115 | $21,115 | $21,115 | ||||||
| Equipment/studio | $4,580 | $4,580 | 0 | 0.00% | Equipment/studio | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 | $12,875 | $12,875 | $12,875 | $12,875 | $12,875 | $12,875 | ||||||
| Other overheads | $13,954 | $13,954 | 0 | 0.00% | Other overheads | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,350 | $20,960 | $20,960 | $20,960 | $20,960 | $20,960 | $20,960 | ||||||
| $179,926 | $125,249 | ($54,677) | -30.39% | $304,609 | $260,509 | $255,509 | $242,384 | $249,950 | $243,378 | $246,911 | $245,373 | $272,471 | $247,802 | $251,494 | $297,994 | $253,831 | $254,636 | $254,636 | $255,511 | $254,636 | $254,636 | ||||||||
| Capital expenditure | Capital expenditure | ||||||||||||||||||||||||||||
| Dallas | $77,373 | $20,000 | (57,373) | -74.15% | Dallas | $75,347 | $75,347 | $84,865 | $66,274 | $58,956 | $40,908 | $49,408 | $60,907 | $47,407 | $63,958 | $35,958 | $55,907 | $38,907 | $83,307 | $35,088 | $32,588 | $65,063 | $65,063 | ||||||
| Austin | $6,967 | $5,000 | (1,967) | -28.23% | Austin | $39,726 | $39,726 | $29,020 | $15,620 | $13,620 | $13,820 | $61,220 | $14,820 | $16,820 | $13,820 | $15,920 | $28,720 | $21,820 | $25,820 | $14,220 | $15,820 | $28,820 | $13,820 | ||||||
| $84,340 | $25,000 | (59,340) | -70.36% | $115,073 | $115,073 | $113,885 | $81,894 | $72,576 | $54,728 | $110,628 | $75,727 | $64,227 | $77,778 | $51,878 | $84,627 | $60,727 | $109,127 | $49,308 | $48,408 | $93,883 | $78,883 | ||||||||
| Total before repayments | $979,584 | $754,337 | (225,247) | -22.99% | Total before repayments | $1,008,284 | $864,184 | $860,622 | $806,068 | $839,768 | $791,147 | $851,693 | $926,125 | $875,186 | $971,695 | $852,209 | $934,177 | $969,269 | $923,384 | $864,309 | $864,284 | $908,884 | $893,884 | ||||||
| Repay note 1 | $62,500 | $62,500 | $ - | 0.00% | Repay note 1 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | $62,500 | ||||||
| $1,062,500 | (1,062,500) | -100.00% | $1,125,000 | $1,062,500 | $1,000,000 | $937,500 | $875,000 | $812,500 | $750,000 | $687,500 | $625,000 | $562,500 | $500,000 | $437,500 | $375,000 | $312,500 | $250,000 | $187,500 | $125,000 | $62,500 | |||||||||
| Interest note 1 | $7,917 | $7,917 | 0 | 0.00% | Interest note 1 | $8,906 | $8,411 | $7,917 | $7,422 | $6,927 | $6,432 | $5,938 | $5,443 | $4,948 | $4,453 | $3,958 | $3,464 | $2,969 | $2,474 | $1,979 | $1,484 | $990 | $495 | ||||||
| Interest note 2 | $0 | $0 | 0 | Interest note 2 | $13,815 | $13,815 | $0 | ||||||||||||||||||||||
| $0 | |||||||||||||||||||||||||||||
| Total after repayments | $1,050,001 | $824,754 | (225,247) | -21.45% | Total after repayments | $1,093,505 | $948,910 | $931,038 | $875,990 | $909,195 | $860,079 | $920,130 | $994,067 | $942,634 | ######## | $918,668 | ######## | ######## | $988,358 | $928,788 | $928,268 | $972,373 | $956,879 | ||||||
| $100.83 | $86.42 | $86.06 | $80.61 | $83.98 | $79.11 | $85.17 | $92.61 | $87.52 | $97.17 | $85.22 | $93.42 | $96.93 | $92.34 | $86.43 | $86.43 | $90.89 | $89.39 | ||||||||||||
| $92.17 | Proposed cash | $1,010,000 | $860,000 | $860,000 | $810,000 | $840,000 | $790,000 | $850,000 | $930,000 | $880,000 | $970,000 | $850,000 | $930,000 | $970,000 | $920,000 | $860,000 | $860,000 | $910,000 | $890,000 | ||||||||||
| Proposed cash | $862,500 | $1,010,000 | $860,000 | $860,000 | $810,000 | $840,000 | $790,000 | $850,000 | $930,000 | $880,000 | $970,000 | $850,000 | $930,000 | $970,000 | $920,000 | $860,000 | $860,000 | $910,000 | $890,000 | ||||||||||
| Option 1 | Option 2 | Option 1 | Option 2 | ||||||||||||||||||||||||||
| Note 2 | Note 2 | ||||||||||||||||||||||||||||
| Original advance | $1,500,000 | paid | $1,500,000 | Original advance | $1,500,000 | paid | $1,500,000 | ||||||||||||||||||||||
| Unreal engine | $245,000 | paid | $245,000 | Unreal engine | $245,000 | paid | $245,000 | ||||||||||||||||||||||
| Human Head start up | $270,000 | outstanding | hold | Human Head start up | $270,000 | outstanding | hold | ||||||||||||||||||||||
| Clear current liabilities | $250,000 | outstanding | expense part | Clear current liabilities | $250,000 | outstanding | expense part | ||||||||||||||||||||||
| Payroll catch up | $320,000 | outstanding | hold | Payroll catch up | $320,000 | outstanding | hold | ||||||||||||||||||||||
| $2,585,000 | $2,585,000 | ||||||||||||||||||||||||||||
| Deducted in May | ($75,000) | refund | Deducted in May | ($75,000) | refund | ||||||||||||||||||||||||
| Deducted in June | ($75,000) | refund | Deducted in June | ($75,000) | refund | ||||||||||||||||||||||||
| To clear with funding deal | $2,435,000 | $1,745,000 | To clear with funding deal | $2,435,000 | $1,745,000 | ||||||||||||||||||||||||
| Total by game | Total by game | ||||||||||||||||||||||||||||
| Daikatana | $231,417 | $212,480 | (18,937) | -8.18% | Daikatana | $251,066 | $241,998 | $214,974 | $207,398 | $238,970 | $202,687 | $217,200 | $277,810 | $215,370 | $214,482 | $210,488 | $230,248 | $214,174 | $226,609 | $212,443 | $212,437 | $223,328 | $219,665 | ||||||
| Dominion | $76,999 | $0 | (76,999) | -100.00% | Dominion | $196,969 | $80,526 | $21,765 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||||
| Doppelganger | $121,385 | $0 | (121,385) | -100.00% | Doppelganger | $136,242 | $126,676 | $208,665 | $200,289 | $202,759 | $200,468 | $214,983 | $206,509 | $211,119 | $207,914 | $203,631 | $222,733 | $207,588 | $219,031 | $205,120 | $205,114 | $215,486 | $211,998 | ||||||
| Anachronox | $197,365 | $147,662 | (49,703) | -25.18% | Anachronox | $222,127 | $206,183 | $206,360 | $197,984 | $198,152 | $195,203 | $209,445 | $201,706 | $205,953 | $305,966 | $201,213 | $220,131 | $205,414 | $217,411 | $203,500 | $203,494 | $213,866 | $210,378 | ||||||
| Deus Ex (Austin) | $178,144 | $130,345 | (47,799) | -26.83% | Deus Ex (Austin) | $201,879 | $186,962 | $187,113 | $180,744 | $180,337 | $174,658 | $188,480 | $181,433 | $183,014 | $184,405 | $179,240 | $198,821 | $283,783 | $195,634 | $182,025 | $182,019 | $192,391 | $188,903 | ||||||
| Human Head (W'sin) | $96,766 | $102,161 | 5,395 | 5.58% | Human Head (W'sin) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||||
| Technology | $65,833 | $0 | (65,833) | -100.00% | Technology | $0 | $21,838 | $21,745 | $19,652 | $19,550 | $18,130 | $21,585 | $58,667 | $59,729 | $58,927 | $57,636 | $62,244 | $58,310 | $64,699 | $61,221 | $61,220 | $63,813 | $62,941 | ||||||
| Head Count | Head Count | ||||||||||||||||||||||||||||
| Daikatana | 24 | 29 | 5 | 20.83% | Daikatana | 23 | 24 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | ||||||
| Dominion | 8 | 6 | (2) | -25.00% | Dominion | 9 | 8 | 2 | |||||||||||||||||||||
| Doppelganger | 12 | 4 | (8) | -66.67% | Doppelganger | 12 | 12 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | ||||||
| Anachronox | 20 | 20 | 0 | 0.00% | Anachronox | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | ||||||
| Deus Ex (Austin) | 20 | 22 | 2 | 10.00% | Deus Ex (Austin) | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | ||||||
| Human Head (W'sin) | 12 | 0 | (12) | -100.00% | Human Head (W'sin) | ||||||||||||||||||||||||
| Technology | 5 | 0 | (5) | -100.00% | Technology | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||||
| Total Dallas | 69 | 59 | (10) | -14.49% | Total Dallas | 64 | 69 | 68 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | ||||||
| Total | 101 | 81 | (20) | -19.80% | Total | 84 | 89 | 88 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 |