|
PROSHOT CONCRETE, INC. AND SUBSIDIARIES
<br />CONSOLIDATING STATEMENT OF INCOME
<br />FOR THE YEAR ENDED DECEMBER 31, 2019
<br />CONTRACT REVENUE EARNED
<br />COST OF REVENUES EARNED
<br />GROSS PROFIT (LOSS)
<br />OPERATING EXPENSES
<br />Advertising
<br />Auto and truck expense
<br />Depreciation
<br />Employee benefits
<br />Insurance
<br />Meals and entertainment
<br />Office expenses
<br />Payroll and related expenses
<br />Equipment rental
<br />Professional fees
<br />Repairs and maintenance
<br />Taxes, licenses, and permits
<br />Telephone and utilities
<br />Travel
<br />Provision for losses on contracts
<br />in progress
<br />Workers compensation
<br />(Gain) loss on disposal of property
<br />and equipment
<br />Other operating expenses
<br />Total operating expenses
<br />INCOME (LOSS) FROM
<br />OPERATIONS
<br />OTHER INCOME (EXPENSES)
<br />Rental income
<br />Other income
<br />Interest income
<br />Interest expense
<br />Total other income (expenses)
<br />NET INCOME
<br />RETAINED EARNINGS AT
<br />BEGINNING OF YEAR
<br />DISTRIBUTIONS
<br />RETAINED EARNINGS AT
<br />END OF YEAR
<br />See independent auditors' report.
<br />19
<br />Proshot Property
<br />Proshot
<br />Investments,
<br />Concrete, Inc.
<br />RE, LLC
<br />PC, LLC
<br />LLC
<br />Eliminations
<br />Total
<br />$19,117,432
<br />$ -
<br />$ -
<br />$ -
<br />$
<br />$19,117,432
<br />15,682,196
<br />8,881
<br />22,711
<br />7,935
<br />15,721,723
<br />3,435,236
<br />(8,881)
<br />(22,711)
<br />(7,935)
<br />-
<br />3,395,709
<br />64,878
<br />-
<br />-
<br />64,878
<br />51,192
<br />-
<br />51,192
<br />-
<br />-
<br />11,903
<br />11,903
<br />298,096
<br />-
<br />-
<br />298,096
<br />471,457
<br />5,510
<br />-
<br />476,967
<br />50,535
<br />-
<br />-
<br />50,535
<br />161,243
<br />-
<br />-
<br />161,243
<br />890,589
<br />-
<br />-
<br />-
<br />890,589
<br />245,743
<br />-
<br />(225,600)
<br />20,143
<br />80,528
<br />-
<br />3,940
<br />84,468
<br />-
<br />-
<br />-
<br />4,550
<br />-
<br />4,550
<br />56,307
<br />16,761
<br />1,859
<br />12,870
<br />-
<br />87,797
<br />102,233
<br />-
<br />-
<br />-
<br />-
<br />102,233
<br />113,507
<br />-
<br />-
<br />113,507
<br />144,691
<br />-
<br />-
<br />-
<br />144,691
<br />44,941
<br />-
<br />-
<br />-
<br />44,941
<br />(83,944)
<br />(4,500)
<br />(11,000)
<br />-
<br />-
<br />(99,444)
<br />236,617
<br />84
<br />56
<br />2,950
<br />-
<br />239,707
<br />2,928,613
<br />17,855
<br />(9,085)
<br />36,213
<br />(225,600)
<br />2,747,996
<br />506,623
<br />(26,736)
<br />(13,626)
<br />(44,148)
<br />225,600
<br />647,713
<br />-
<br />96,000
<br />80,400
<br />114,694
<br />(225,600)
<br />65,494
<br />172,168
<br />-
<br />-
<br />-
<br />172,168
<br />44,457
<br />-
<br />-
<br />44,457
<br />(23,867)
<br />(5,588)
<br />(53,309)
<br />-
<br />(82,764)
<br />192,758
<br />90,412
<br />80,400
<br />61,385
<br />(225,600)
<br />199,355
<br />699,381
<br />63,676
<br />66,774
<br />17,237
<br />847,068
<br />4,584,552
<br />448,408
<br />422,679
<br />(10,698)
<br />-
<br />5,444,941
<br />-
<br />-
<br />(218,994)
<br />-
<br />(218,994)
<br />$ 5,283,933
<br />$ 512,084
<br />$ 270,459
<br />$ 6,539
<br />$$
<br />6,073,015
<br />See independent auditors' report.
<br />19
<br />
|