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Re: Question about forum finances (again :P)
by
TasosRiv
on 04/10/2018, 20:17:16 UTC
Guys... BTCT is not a public company... no one has any obligation to post their private earnings.
Would you go to a local café-bar and while drinking your coffee, ask them how much is their yearly income? Well if you're friends with them maybe, but otherwise that'd be totally weird.

Is not the first time the forum publish these kind of informations as you can see

I'm behind on the accounting. 2015 is basically done, but I need to double-check it and apply the results of taxes (even when there's a net loss, there may be capital gain taxes). 2016 is still very incomplete: I've had to do half of the work in order to pay taxes, but I basically need to go through everything again to figure out forum balances. Sloppy, I know, but I've been disincentivized to spend many hours figuring it out exactly because the reserves so obviously exceed the expenses. There's currently about 1250 BTC(+BCH) in reserve.

Keep in mind that if I make an accounting mistake, almost certainly the result of this will be that I pay forum expenses out of my own pocket accidentally. The income is almost all very obvious/public, and I have to list all of the expenses that I temporarily paid out of pocket in order to be repaid from the forum income or reserves. So it's very unlikely that I would take too much money.

Here are approximate numbers.

Code:
2015:
Income: About $144,000
Expenses - Forum software project: $849,400
Expenses - Mods and others: About $104,000

2016:
Income: About $178,000
Expenses - Forum software project: $36,260
Expenses - Mods and others: About $85,000
Expenses - Hosting etc: About $27,000

2017 !!!VERY TENTATIVE!!!
Income: About $1,065,000
Expenses - Forum software project: About $159,000
Expenses - Mods and others: About $120,000
Expenses - Hosting etc: About $40,000

Ah I see, I didn't know that! Thanks!
But I guess it's a bit early to ask for 2018, wouldn't the numbers be finalized on January 2019 the earliest?