EFTA00604442.pdf

Amt Yacht Harki, limane Stima«, i • Amail faimpaume, For de Nme Xionats Ending Septembec 30, 2015 uN,wOrrun *utom& September 2015 QUMIC 10 Date Year co Date Raud Budget Varé Varrt Raud Budget Varg Var % Raud Budget VareI Va, % NIMIIILI "p Revenue 127,413 1411.64/1 (13,115) (9.4%) 395,000 505.997 (110,997) (21.9%) 1,130,004 1236,016 (185,922) (135%) NIMII1Y Bip Dotounts (f194) (604) (2.315) (1,913) (5686) (5.686) Upland Revenue 118,196 122,479 (10,277) (l") 151,279 584,830 (12371) (1.9%) 990,982 1~750 (77.768) (73%) NishlsdroCnnergeServxn 4,346 4,200 146 33% 17330 14,250 3280 151% 59.054 41199 15,133 93.9% Unlity Revenue 94262 193,512 (41,349) 910.5%9 321,433 427139 (106,504) (249%) 924,741 1092095 006234) (20.8%) Fad 138114 215,644 917110) (16.0%) 564,119 911,625 (47,306) (39.1%) 1,610,411 2133.470 (529.059) (24.5%) Mest lunting 5,474 10,900 (5116) (49.9%) 20,499 38,911 (19,422) (413%) 61,279 8923/7 (28,599) (319%) PavaThrovic.4v I &pensel 412118 42,616 (1278) 932%9 115,900 127,848 (1,249) (1.8%) 932771 369,557 (13,786) (33%) Odver 2.569 2,569 10835 100:35 99,227 18227 Toial Revenue, 530009 677,999 (147,084) (21.7%) 1,804722 2,411,420 (606,699) (2.2%) 5,079,871 6061(554 .1987.792) (16.1%) Dm& Com NIMIglilCai1Clagt &Mitti 1,175 1,024 (151) (14.7%) 2,100 3,072 971 31.6% 1159 5820 1,962 99.3% </ohms 51160 104,660 53300 503% 177,102 319,355 141153 14.5% 473,683 756,004 1915,921 97.1% Dokka mg% 54.76 77.23 21.48 Q29 55.16 74.69 19.47 0.16 57.68 73.32 15.64 0.21 Pm< 84,495 155,993 11,500 45.8% 946,061 659,470 313,409 47.5% 963,016 1255,679 592169 99.1% ratio-bi % 61.22 72.94 11.12 0.15 61.92 72.94 11.02 025 59.90 7/92 13.12 0.19 Mecchandive 5,858 9,720 4,162 429% 16219 29,420 13,101 14.6% 43,419 62.670 17,231 27.5% Other 92 (92) Total Dua( enga 142788 271,999 128611 47.4% 541,776 11111217 469,541 46.4% 1197268 2,3/9,473 991305 97.5% Geina Norn 3S<S92< 406334 (18,473) (4334) 1,161.946 1102103 (197,157) (9.8%) 3,596,504 3082391 (92487) (2.484) Gross Norn % 73.10 59.96 (1114) 03122 69.99 58.06 (11.92) "21) 70.69 60.75 (994) (0.16) Skrall Einpibee Bombia Tigd Payrol 71,41» 70,162 (1,241) (1.9%) 212007 210186 (1,321) (fl%) 639,380 631,458 (6.912) (1.1%) Tigd 1.mploym Bene 6u 23361 23,946 372 1.6% 72736 72815 0419 (13%) 209,812 215353 5,541 2.6% Tad Papa & Employee &nerts lkher Operating Eapemea 94,964 94,109 (056) (0.9%) 1194,769 292,301 04923 "9%) 949,192 816111 (1.581) Rent 121113 13,333 580 36,975 39199 2124 7.9% 112,250 116,997 4,747 4.1% Dulme, Urollomted 14109 17,779 3.264 18.4% 22,979 52825 29,947 56.5% 76,673 146,964 70,299 47.9% Unlims 6169 12,092 5063 47.1% 2111137 35,785 14,948 41.8% 60,069 99,441 39,373 39.6% Inicaranee 25,144 91,772 <124 20.8% 75146 95.293 191952 20.8% 244,519 269,522 19103 7.2% NImic&ment Fem 26240 99,993 7,953 213% 90096 120,571 30215 25.2% 233,694 309,084 49,190 16.3% Tam, 26,916 13,993 (11111) (69.1%) 91,454 56,457 (94,997) (620%) 221,689 142510 (79.178) (55.6%) Repaav di 145nerum e 7219 7,911 672 83% 20,490 25824 48.17 19.1% 94,927 74,540 9,719 19.0% Suppkes .9.540 4,665 1315 24.1% 9,721 14,195 4,474 31.5% 93,409 4.32315 9,977 23.0% Mackeimg .9157 4,950 1193 918% 12149 8,550 91,499) (40.9%) 96176 45,550 9,074 19.9% Security Ill 900 182 6.0" 593 900 301 14.1% 2,177 2.700 529 19.4% Profemorul km 6.109 15.129 6.8)9 519% 41,201 49,424 8,211 16.6% 92,021 139,192 47,171 53.9% Travel Napensea 2,169 2.300 151 5.1% Provnam rm Doubdul Accounis 2.1305 4,000 1,995 49.9% (31,800) 12,000 43100 3630% 07,495) 37,400 74393 200.3% 'rekning 1,192 1,650 458 27.8% 3,729 4,950 1210 24.8% 11150 14850 2,700 19.2% Dala Cacd Commirmon 12215 12,600 365 19% 37,717 47900 111093 21.1% 102,933 112300 8,965 9.1% DeiliAIS 1.3.1.1 2,000 (1,1.1.1) (66.7%) 9,999 141100 4101 29.6% 29,997 30000 5 0.0% Ill!~ Bon Technolap 1,194 1,250 116 9.3% 2824 3,750 (74) (209) 12,956 11250 (1,706) (152%) Other Operating Fapemea 309 146 (16.1) (111.6%) (96) 438 5.14 121.9% 1293 1.914 (I)) (1.6%) Total Ikten Operumg Ibipenve 193.116 177,240 24.124 131% 445,249 592269 137126 112% 1,921,250 1,586,299 265,049 16.7% Total Operazelg l'aputst% 218180 271,349 29,268 8.6% 790,1819 864,570 132564 15.6% 2,169,442 2433,110 2631051 10.9% Operating Expenve% 46.74 40.03 (671) 017) 40.45 35.85 (4.90) (0.13) 42.76 4024 (2.62) (0817) Net Operating lamme 139,941 193,146 4.795 .93% 5.12940 595,533 (239D (0.9%) 1,417,062 1.242031 167,991 19.4% N(51% 2616 19.94 (643) (0.92) 29.53 22.21 (7•51) (033) 27.93 9161 <7321 (036) Smed CAM,. 03 Pm, Cash Imereat Imperbe 29,694 29/114 101014 59,226 86,811 27,595 31.8% 2.92,989 242381 10,995 4.3% ard hei, Mimen Imome (2111) (229.9) (2111) 882% (856) (2179) (6,923) 88.1% "149) (21337) (151188) 70.1% Depreasimin /1343 91,053 18,212 20.014 222319 271,899 49190 DU% 636,024 804297 149,279 19.4% Ammar:min 11217 (11,317) 341112 (14,012) 102,036 (102.036) Accreuon 2,477 921779 7,491 (:.451) 21293 (222 93) Inoome(I.ots) Before <Mur Cailfi 52566 16,790 *776 219.00, 2101111 184,001 26,606 14.5% 410,770 232940 187,990 94.3% Other Nonoperaung Innrim (3S) 99 Other Nonoperaung &Tse 90 C20) Net Imome 53866 16,790 36,776 219.0% 210600 1114,001 26,606 14.5% 410,719 722940 181.77111 94.2% EFTA00604442 American Yacht Harbor Balance Sheet September 30, 2015 UNAUDITED ASSETS Current Assets: December 2014 September 2015 Cash and cash equivalents $1,150 $1,150 Restricted cash 1,855,555 2,404,435 Accounts receivable 216,059 199,717 Inventory 82,679 64,869 Prepaids and other current assets 200,662 305,226 Total Current Assets 2,356,105 2,975,397 Land 1,847,000 1,847,000 Property and equipment, net 14,977,203 14,525,821 Intangible assets, net 337,412 279,725 Deferred financing costs 85,153 61,195 Other long term assets 167,183 245,895 Total Assets 19,770,056 19,935,033 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Notes payable 373,500 99,000 Accounts payable 91,133 118,659 Accrued expenses 284,728 222,282 Deferred revenue 3,299 7,810 Customer deposits 277,410 314,282 Total Current liabilities 1,030,070 762,033 Notes payable 12,913,200 12,913,200 Other liabilities 594,492 616,786 Total Liabilities 14,537,762 14,292,019 Equity: Paid in capital 10,276,223 10,276,223 Retained earnings (5,397,032) (5,043,927) Current year profit/loss 353,103 410,718 Total Equity 5,232,294 5,643,014 Total Liabilities and Equity 19,770,056 19,935,033 EFTA00604443 American Yacht Harbor (AYH) Cash Flow Statement For the Nine Months Ending September 30, 2015 UNAUDITED July Actual August Actual September Actual 3Q15 Total 2015 YTD Actual Beginning Cash Balance $2,165,916 $2,181,897 $2,219,900 $2,165,916 $1,856,706 Net Income From Operations $65,975 $91,069 $53,566 $210,610 $410,717 Add Back Non-Cash Expenses: Depreciation and Amortization 90,647 86,657 86,657 263,961 780,354 Provision for doubtful accounts (36,220) 2,415 2,005 (31,800) (37,495) Cash from Operations $120,402 $180,141 $142,228 $442,771 $1,153,576 Sources (Uses) of Cash: Accounts Receivable 3,959 4,634 (10,643) (2,050) 53,836 Inventory (22,802) 22,579 8,960 8,737 17,810 Prepaid Expenses (144,290) 33,919 7,907 (102,464) (203,666) Accounts Payable (35,134) (10,575) 76,453 30,744 27,527 Deferred revenue 15,119 (12,492) 2,324 4,951 4,511 Accrued Expenses and 141,179 (142,125) 2,745 1,799 (25,573) Other Liabilities Total Sources (Uses) of Cash ($41,969) ($104,060) $87,746 ($58,283) ($125,555) NET CASH FLOW FROM $78,433 $76,081 $229,974 $384,488 $1,028,021 OPERATING ACTIVITIES: CASH FLOW FROM INVESTING ACTIVITIES: Additions to Fixed Assets (31,952) (7,578) (13,789) (53,319) (204,642) ($31,952) ($7,578) ($13,789) ($53,319) ($204,642) CASH FLOW FROM FINANCING ACTIVITIES: Payments on Long Term Debt (30,500) (30,500) (30,500) (91,500) (274,500) ($30,500) ($30,500) ($30,500) ($91,500) ($274,500) NET CASH FLOW $15,981 $38,003 $185,685 $239,669 $548,879 Ending Cash Balance $2,181,897 $2,219,900 $2,405,585 $2,405,585 $2,405,585 EFTA00604444