๐Ÿ“…Aug 2022 Report

We are changing the way crypto gaming operates. We have full transparency with our community around the roadmap for the game and the underlying treasury.We are a proudly Sydney based team. This means we pay Australian taxes and must always liquidate and reserve at least 30% for corporate taxes๐Ÿ‡ฆ๐Ÿ‡บโ€‹The following is used for educational purposes only and is no indication for accounting, valuations and/or taxation purposes. The numbers below reflect rough estimates or reflections of on-chain activity and are prone to mistakes

Values are in $USD As of writing, 1 MATIC = $0.82 USD

August Goals

  1. Search and hire an extra Australian engineer

  2. Apply for technical credits

August Net Revenue

In June 2022, Thought Farm accumulated roughly $ 41,000 USD net revenue. To account for income tax easier, all revenue streams were converted into FIAT on a 2-3 day basis.

This was the first net loss for Sunflower Land development as forecasted. The team plans to continue at loss for the following 2-3 months until we exit Beta and launch our marketing and growth strategies ๐Ÿš€

New Engineer Alert ๐Ÿšจ

An Australian streamer and software builder reached out and successfully made it through the interview process. We are extremely excited for them to start on September 26th.

More details to come.

August Expenses

We successfully achieved startup credits for our infrastructure services which cuts down the technical expenses significantly.

  • Technical infrastructure + services - $2K USD (Credits applied ๐Ÿ†)

  • Legal & Accounting - $2K USD

  • Salaries - $50K USD

  • Bumpkin Item Template Designs (La Creme Creative) - $1K USD

  • Contractors - $10.5K USD (PR, Communications, Art Design, Support Team)

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