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<br />I I CUBELLIS BUSINESS TRUST <br /> I CONSOLIDA TED SCHEDULES OF TIME STATISTICS <br /> . For the years ended December 31, 2005 2004 <br /> I Direct hours 238,529 62.8% 161,951 64.1% <br /> Indirect hours 141,375 37.2% 90,518 35.9% <br /> I Total hours 379,904 10O<X, 252,469 100% <br /> Indirect expense. nel of certain payroll <br /> I and before recoveries $12,222,386 S 7.652,688 <br /> Hourly overhead rate per direct hour 51.24 47.25 <br /> I Break-even (ratio of direct labor cost <br /> and overhead to direct labor costs) 2.81 2.70 <br /> I .'\clual direct labor billing multiple 3.14 J. I I <br /> I Average billing per direct hours S 88.57 S 86.39 <br /> Employees' average hourly rate: <br /> I Direct S 28.24 S 27.78 <br /> Indirect $ 37.40 S 39.06 <br /> Total S 30.74 S 30.38 <br /> I. Calculation of income per direct hours: <br /> Average billing $ 88.57 S 86.39 <br /> I Direct labor (28.24 ) (27.78) <br /> Overhead (51.24) (47.25) <br /> I Income per direct hour $ 9.09 S 11.36 <br /> Times direct hours 238,529 161,951 <br /> I Income from operations. net of ce11ain <br /> payroll and before recoveries and <br /> I rounding S 2,168,229 S 1,839,763 <br /> Stafr Bonuses (343,100) (365.476) <br /> I Principal Bonuses (41,176) (44,500) <br /> Recoveries of indirect expenses 90,384 230,958 <br /> Gain on sale of investment 13,500 <br /> I Interest and other i ncomc 7,11'" 7.285 <br /> I nterest ex pense (179,138) (74,7-+()) <br /> I :VI isccllancous (59,805) (16,714) <br /> Rounding 391 188 <br /> .- Income before provisions for taxes on <br /> Income S ] ,642,899 S 1,590,258 <br /> I See a('COlll/lilll!S' rel'lell n:por! Oil supplcmelltal illjormLl! iOIl <br /> 18 <br />