📅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 taxes🇦🇺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
Search and hire an extra Australian engineer
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 🚀
New Engineer Alert 🚨
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 🏆)
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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