a. SCF for 2006. Where do you think the $93,036,851 came from? who provided these funds to the company?

b. SCF for 2006. Who received the payment of $69,005,127?

c. SCF for 2008. Where did the $38,349,817 come from?

CONSOLIDATED STATEMENTS OF CASH FLOWS January 31, 2006 Fiscal Year Ended January 31, 2007 February 3. 2008 Cash flows from operating activities Net income Items not affecting cash Depreciation and amortization Stock-based compensation Deferred income taxes Loss on property and equipment Non-controlling interest Other, including net changes in other non-cash balances $ 1,394,104 $ 7,666,331 $ 30,842,439 2,466,298 4,618,512 8,340,732 2,699,916 2,829,572 5,947,097 (174,901) (3,076,876) 1,798,882 229,950 10,000 (111,865) (334,220) (17,379,431) 13,293,190 (8,504,366) (10,984,014) 25,448,814 38,090,564 (7,144,319) (12,837,820) (29,675,940) (460,567) (511,850) (5,559,179) (7,604,886) (13,349,670 (35,235,119) 222,440 Cash flows from investing activities Purchase of property and equipment Acquisition of franchises Cash flows from financing activities Funds received from principal stockholder loan Distribution to principal stockholder Funds repaid on principal stockholder loan Amounts received from joint venture partner Proceeds from credit facility Repayment of credit facility Repayment of long-term debt Cash received on exercise of stock options Capital stock issued for cash Payment of initial public offering costs 7,831,694 (69,005,127) (11,143,141) (634,467) 93,036,851 446,419 564,397 1,454,775 (1,454,775) 54,649 38,349,817 (6,992,309) 31,976,554 2,478,793 37,310,792 16,028,534 $ 53,339,326 Effect of exchange rate changes on cash Increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year 20,085,810 (271,667) 1,225,243 2,651,774 $ 3,877,017 668,859 (616,486) 12,151,517 3,877,017 $ 16,028,534