This year was Nevarro LLC's first year of existence. Formed in January and funded with an initial capital contribution of $1,500.00 from Sumner Evans in January, Nevarro LLC proceeded to spend down that initial capital contribution over the course of the year at an average rate of $95.36/mo.
Monitoring costs were the largest expenditure, followed closely by server costs. Next year, the server costs will most likely outpace the monitoring costs, since the server costs increased over the year to about $80/mo while the monitoring costs will stay stable around $40/mo.
Domains and email services collectively came out to under $150 for the year, but that number is going to go up due to some domain renewals for domains that were not initially under Nevarro LLC.
Next year, Nevarro LLC will attempt to operate at a burn rate of under $150/mo ($1,800 for the year). This should be achievable, as estimated cost of doing business are about $135/mo.
Nevarro LLC's tutoring wing has not gained much traction (a few leads have been generated through Tutors.com, but none so far have worked out). My goal for this year is to get one student and generate $100.00 in revenue from tutoring.
| Event | Amount |
|---|---|
| Initial Capital Contribution | $1,500.00 |
| TOTAL | $1,500.00 |
| Category | Amount |
|---|---|
| Monitoring Services | $501.86 |
| + UptimeRobot | $386.86 |
| + Nodeping | $25.00 |
| + Plausible | $90.00 |
| Server Costs | $489.66 |
| + Hetzner (see details below) | $400.86 |
| + Backblaze | $88.80 |
| Domains | $93.16 |
| + Google Domains (2 new, 3 renewed) | $78.00 |
| + Namecheap (1 new) | $15.16 |
| Email Services | $46.93 |
| + Migadu Micro yearly plan | $19.00 |
| + Twilio Sendgrid | $27.93 |
| Business Maintenance Expenses | $22.10 |
| + USPS | $1.10 |
| + Secretary of State | $21.00 |
| Points Redemptions | -9.40 |
| TOTAL | $1,144.31 |
Since Nevarro LLC did not exist at the beginning of the year, its equity was zero.
At the end of the year, the equity of Nevarro LLC was $355.69.