Expense Memorandum — Project Sprint

Internal Financial Record · Not Client-Facing

Emanay Advisors

1221 Brickell Ave, Suite 900
Miami, FL 33131
legal@emanay.io · emanay.io

Document Reference

EMA-EXP-SPRINT-001

Date

August 19, 2026

Prepared By

Emanay Inc. — Internal

Status

Draft — For Internal Review

Internal Only

Expense Memorandum — Every Cost, Payment & Credit

Project Sprint — Complete Financial LedgerEvery dollar found in correspondence, Nov 2024 – Aug 2026

Companion to EMA-MEMO-SPRINT-004 (Deal Life Cycle Memo) and the Statement of Account. Figures are grouped by confidence level — confirmed paid, deferred/contingent, Emanay-absorbed, and disputed/unreconciled — and should not be combined across groups without review.

This is the complete expense record assembled from email, Fathom/Gemini/Otter meeting notes, and the Dani ↔ Alex WhatsApp thread. Nothing here has been rounded up or combined to inflate a total — where a figure is disputed or unconfirmed, it stays in its own column and is not added to what's actually owed.

Confirmed Paid — Emanay (Stripe)

$25,641.76

Feb–Aug 2026 only, see Section 01

Confirmed Paid — CapForge (3rd party)

$29,630

See Section 02

Deferred to Closing (unadjusted)

$17.25K

May be overstated — see Section 03 flag

Confirmed Payments — Client to Emanay (Stripe Ledger)

Source: Stripe invoice export, customer cus_Ty2MNjq6XFKA8p. Covers Feb 12, 2026 – Aug 14, 2026 only — this export does not go back to 2025, so it cannot confirm or refute anything from the CapForge/feasibility/valuation period.

Date	Invoice #	Item	Amount	Status
Feb 12, 2026	MNMPOROG-0001	Accounting Sprint — Books Cleanup (ASN-2026-001: Nov 2024–Dec 2025 scope)	$7,500.00	Paid
Feb 12, 2026	MNMPOROG-0002	Processing fees on the $7,500 kickoff payment	$129.86	Paid
Apr 14, 2026	MNMPOROG-0003/0004	QuickBooks, 2 entities	$250.00	Paid
May 11, 2026	MNMPOROG-0005	QoE fee ("That's for the QOE" — chat)	$7,500.00	Paid
May 14, 2026	MNMPOROG-0006/0007	QuickBooks, 2 entities	$250.00	Paid
Jun 7, 2026	MNMPOROG-0008	Original disputed invoice	$9,775.80	Voided
Jun 8, 2026	MNMPOROG-0009	Reissue (duplicate, 2 min before 0010)	$4,630.80	Voided
Jun 8, 2026	MNMPOROG-0010	Final resolution of the Apr/May dispute	$4,630.80	Paid
Jun 14, 2026	MNMPOROG-0011/0012	QuickBooks, 2 entities	$250.00	Paid
Jul 2, 2026	MNMPOROG-0013	Auto-charged retainer (period 1)	$2,315.55	Paid
Jul 14, 2026	MNMPOROG-0014/0015	QuickBooks, 2 entities	$250.00	Paid
Jul 30, 2026	MNMPOROG-0016	Sent invoice, retainer (period 2 — confirmed distinct)	$2,315.55	Paid
Aug 14, 2026	MNMPOROG-0017/0018	QuickBooks, 2 entities	$250.00	Paid
Total Confirmed Paid (Feb–Aug 2026)			$25,641.76

Cross-check against the official invoice: ASN-2026-001 (issued Jun 1, 2026) states Cash Paid of $15,000.00 as of that date, covering the Feb 12 kickoff fee ($7,500) and the May 11 QoE payment ($7,500) — that's $15,000 exactly. The Stripe total above ($25,641.76) also includes everything paid *after* the invoice's Jun 1 issue date (the Jun 8 dispute resolution, QuickBooks charges, and the two retainer payments), which is why it's higher — the two figures aren't in conflict, they just cover different points in time.

All three prior open items below are now resolved:
1. The $130.80 gap between the $4,500 verbally agreed and the $4,630.80 actually charged is processing fees — not a billing error.
2. The Jul 2 and Jul 30, 2026 $2,315.55 charges cover two different periods — not a duplicate.
3. The QoE work totaled $15,000: $7,500 paid upfront (May 11, 2026) and $7,500 correctly deferred to closing per Invoice ASN-2026-001. This is not a double-count — see Section 03.

01A

Recurring QuickBooks Total

Period	Charges	Total
Apr 2026 – Aug 2026 (5 months × 2 entities)	10	$1,250.00

Confirms the $125/account/month rate discussed in chat. Both entities have been billed consistently since Apr 14, 2026.

Confirmed Payments — Client to Third Parties

Date	Item	Amount	Recipient
Apr 8, 2025, 2:12:55 PM	CapForge Bookkeeping Payment — Receipt #1431-3702, Visa -9583	$25,000.00	CapForge, Inc. — not Emanay
Aug 29, 2025, 8:08:56 AM	CapForge Bookkeeping Payment — Receipt #1482-6643, Visa -4161 (also invoice #166493)	$4,630.00	CapForge, Inc. — not Emanay
Total Confirmed Paid to CapForge		$29,630.00

Fully documented via Stripe receipts. This reconciles two previously-disputed figures in Section 06: Dani's Jul 14, 2025 reference to having "invested 25k on report" (the Apr 8, 2025 payment, ~3 months prior) and his Sep 25, 2025 statement "we paid them 30k" ($4,630 + $25,000 = $29,630).

Deferred to Closing (Contractually Pending)

Source: the official ASN-2026-001 Client Report & Invoice PDF (issued Jun 1, 2026), read directly rather than reconstructed from chat/email references. Account Totals per this document: Billed $38,500.00 · Cash Paid $15,000.00 · Credits/Deferred to Closing $16,750.00 · Balance Due $6,750.00.

Item	Amount	Source
QoE — deferred half (total fee $15,000; $7,500 paid May 11, 2026)	$7,500.00	ASN-2026-001, line item
2023 Historical Cleanup — full amount deferred	$2,500.00	ASN-2026-001; Section 04 explicitly states "$2,500.00 fully deferred to closing · $0.00 net cash due now"
Ongoing accounting credit — Jan–Mar 2026, both entities (6 monthly credits × $1,125)	$6,750.00	ASN-2026-001, itemized monthly
Total Deferred to Closing (verified against line items)	$16,750.00

The official invoice contains its own internal math error, independent of anything on Emanay's or Dani's side of the relationship. Its own "Total Credit Extended — Deferred to Closing" summary box states the total as $14,000.00 (itemized there as $7,500 QoE + $4,500 accounting credit [4 months, not 6] + $2,000 historical-cleanup goodwill [not the full $2,500]). That sub-total does not match the $16,750.00 figure in the Account Totals row, which is correct when verified against every individual line item. The $2,750 gap comes from the summary box undercounting by two months of accounting credit ($2,250) and using $2,000 instead of $2,500 for the historical cleanup ($500). Use $16,750.00 — it's the number that actually reconciles.

This also confirms the QoE double-count concern raised in an earlier draft of this memo was not an error — the invoice's own line item explicitly shows "$15,000.00 billed · $7,500.00 paid · $7,500.00 credit applied," exactly matching the two-payment structure already documented elsewhere.

Contingent — Due Only If a Sale Closes

Item	Basis	Source
Sell-side success fee	4% of purchase price (~$300,000 at $7.5M)	Nov 2, 2024 engagement letter

04A

Quoted, Not Confirmed Paid — Lender Underwriting Feasibility Report

Item	Amount	Status
Feasibility Report — official proposal sent Jul 14, 2025, 10:29 AM	$7,500.00 flat fee ($3,750 due upon execution + $3,750 deferred to completion)	No payment confirmation located for either installment. Not in the Stripe export (which starts Feb 2026) or the CapForge receipts.

This is a fully documented, formal proposal — scope, fee structure, and deliverables are all confirmed — but payment status is the one thing that remains unverified. Do not assume paid; check for a PandaDoc execution record or a Stripe/wire receipt dated around Jul 14–21, 2025 before including this in any client-facing total.

Emanay-Absorbed Costs (Not Billed to Client)

These are costs Alex/Emanay has stated, in writing or on recorded calls, that Emanay covered rather than billing the client. They are Emanay's own internal cost, not client-owed amounts, and should not appear on any invoice to Dani.

Date	Amount	Context
Jul 14–15, 2025	~$10,000	"I have already come out of pocket $10,000 on valuation work alone + costs of running your deal" (email)
Jun 7–8, 2026	~$14,000–15,000	"Pretty sure I've covered almost 15k on my end" (chat); "~$14k in costs to date" (Fathom recap, next day)
Jun 8, 2026 (ongoing)	March accounting services	Explicitly absorbed per the invoice dispute resolution

The Jul 2025 (~$10K) and Jun 2026 (~$14–15K) figures are stated a year apart and almost certainly do not represent the same pool of costs — but this has not been confirmed against any internal ledger. Do not add them together (~$24–25K) without checking first.

Disputed / Unreconciled Client Statements — Do Not Bill Against These

Two previously-flagged figures were resolved in Section 02 above: "$25k on report" (Jul 14, 2025) and "we paid them 30k" (Sep 25, 2025) both refer to the confirmed $4,630 + $25,000 = $29,630 paid to CapForge. The remaining figures below still lack a confirmed, itemized basis and should not be used for additional billing.

Figure	Context	Status
"paid 15k" / "if I pay 30k... if I pay 5k more"	Jan 6, 2026 — Dani's framing of a CapForge-related refund condition tied to whether Ryan's deal closed	Unreconciled — possibly the same $25K/$30K CapForge pool viewed differently, not confirmed
"60k... over 1 year"	Jan 6, 2026 — Dani's own stated total spend across the engagement to that point	Now partially explained: $29,630 (CapForge) + $12,000+ (Emanay 2026, but this postdates Jan 6) — still doesn't fully account for $60K; some portion remains unidentified

Recommended Next Steps Before Finalizing Any Bill

1	Do not attempt to reconstruct Dani's $60K or "$15K refundable" figures into a bill — some portion remains unidentified even after the CapForge reconciliation.
2	Confirm whether the $10K (Jul 2025) and $14–15K (Jun 2026) Emanay-absorbed-cost figures overlap.