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SUMMIT CONSTRUCTION OF VERO BEACH, LLC <br />INSTATEMENT OF INCOME AND MEMBER'S EQUITY <br />SIX MONTHS ENDED JUNE 30, 2016 <br />Completed contracts revenue <br />Contracts in progress income <br />+,. <br />,,„.. <br />1::44:-.::;:e.t.N.7!:41t:,,,,,:::,0=7, <br />'""" <br />$ 2,339,356 <br />1,192,268 <br />Total construction revenue 3,531,624 <br />Cost of construction revenue - completed contract <br />Cost of construction revenue - contracts in progress <br />2,067,691 <br />1,024,989 <br />Total cost of construction revenue 3,092,680 <br />438,944 <br />Operating expenses <br />Compensation 244,477 <br />Office 57,395 <br />Insurance 37,382 <br />Professional fees 14,828 <br />Depreciation expense 11,342 <br />Repairs and maintenance 8,050 <br />Vehicle 6,825 <br />Advertising 3,273 <br />Utilities and security 1,896 <br />Total operating expenses 385,468 <br />Operating income 53,476 <br />Other income (expense) <br />Interest income <br />Interest expense <br />11,614 <br />(1,490) <br />Other income - net 10,124 <br />Net income 63,600 <br />Member's equity, beginning of period 927,867 <br />Member's distributions (147,040) <br />Member's equity, end of period $ 844,427 <br />See accompanying independent accountants' compilation report. <br />