Monthly Board Pack — Harborview Analytics, Inc.

Period ended September 30, 2026 · Issued October 14, 2026 · Prepared for the Board & management

Revenue

$148,200

+9.8% MoM

OpEx

$181,400

+3.5% MoM

Net burn

$(68,000)

budget $(70,000)

Cash (all accts)

$1,204,200

Mercury + Brex + Stripe

Runway

16.1 mo

12-mo covenant cleared

Headcount

+1 vs plan

Statement of Operations

	Month Sep-26	vs Aug	YTD Sep-26	Budget Mo.
Revenue — SaaS subscription	131,900	120,800	1,024,300	130,000
Revenue — services & other	16,300	14,200	121,600	15,000
Total revenue	148,200	135,000	1,145,900	145,000
Cost of revenue (hosting, support, COGS)	34,800	31,900	268,400	35,000
Gross profit — 76.5% margin	113,400	103,100	877,500	110,000
People (excl. COGS)	108,700	105,400	906,200	104,000
Marketing & sales	28,900	27,600	163,600	32,000
G&A (software, rent, prof. fees, D&O)	31,000	30,100	199,900	29,000
Other (bank fees, FX, one-timers)	12,800	12,200	79,300	15,000
Operating expenses	181,400	175,300	1,349,000	180,000
Net loss	(68,000)	(72,200)	(471,500)	(70,000)

	Sep 30	Aug 31
Cash & equivalents	1,204,200	1,290,300
Accounts receivable	196,500	171,200
Prepaid & other current	58,900	55,300
Total assets	1,459,600	1,516,800
Accounts payable	47,200	39,800
Accrued liabilities & payroll	102,400	96,700
Deferred revenue	318,600	287,900
Notes payable (convertible)	500,000	500,000
Total liabilities	968,200	924,400
Mezzanine (SAFEs, at cost)	1,500,000	1,500,000
Stockholders’ equity / (deficit)	(1,008,600)	(907,600)
Total L, M & E	1,459,600	1,516,800

	Month	YTD
Beginning cash	1,290,300	1,380,000
Net loss	(68,000)	(471,500)
Depreciation & amortization (non-cash)	—	14,500
Working-capital change	(8,400)	51,800
Net cash used by operations	(76,400)	(405,200)
Capital expenditures	(1,600)	(14,600)
Financing (note draw, net)	(8,100)	244,000
Ending cash	1,204,200	1,204,200

	Month	Trend
MRR (net)	$107,800	+8.1%
Net revenue retention (trailing 3mo)	111%	—
ARPA (monthly / account) · logos	$4,146 · 26	+3 new
Gross churn (logo)	2.1%	—
Burn multiple (net burn / net new ARR)	0.8×	vs 1.5× budget
Runway — cash ÷ trailing-3-mo avg burn	16.1	covenant 12.0

	Current	31–60	61–90	90+
AR ($196,500)	141,200	38,400	12,100	4,800
AP ($47,200)	39,700	7,500	—	—

September Stripe balance ($18,300) ties to the settlement report at 99.97% — residual is in-flight disputes; carried to October close.
Two duplicated vendor invoices (design tooling, cloud) caught and removed before publication; change log available on request.
Books follow the client’s classification policy memo dated July 2026 (accrual basis; capitalized software threshold $5,000).
Convertible note interest begins accruing with the first full quarter post-closing (October).
Work requiring a licensed signature — compilation, review, audit, tax returns — is not offered here and is coordinated directly with the client’s CPA firm.