EFTA00729205.pdf

12:01 PM 01/26/10 Cash Basis DANGENE MCKAY BAILEY (NY) Profit & Loss September through December 2009 Ordinary Income/Expense Income Retail Sales Services Sales Tax Vendor Collection Cre Refund Total Income Cost of Goods Sold Equipment Rental Sep 09 7,384.60 89,161.18 0.00 0.00 Oct 09 7,798.00 87,572.70 0.00 -1,050.00 Nov 09 5,617.00 104,203.83 0.00 0.00 Dec 09 5,627.00 107,998.11 199.94 -2,378.22 TOTAL 26,426.60 388,935.82 199.94 -3,428.22 96,545.78 94,320.70 109,820.83 111,448.83 412,134.14 LA 0.00 2,412.76 0.00 1,12257 3,535.33 Equipment Rental -Other 1,875.50 7,927.35 5,001.30 8,583.21 23,387.36 Total Equipment Rental 1,875.50 10,340.11 5,001.30 9,705.78 26,922.69 Medical Supplies 9,684.50 7,792.86 3,682.83 11,996.64 33,156.83 Total COGS 11,560.00 18,132.97 8,684.13 21,702.42 60,079.52 Gross Profit 84,985.78 76,18723 101.136.70 89,744.41 352,054.62 Expense 179 Expense 0.00 0.00 1.085.00 460.00 1,545.00 Bank Service Charges 322.05 161.30 194.00 100.00 777.35 Commission Expense -Gina 16,935.80 0.00 0.00 0.00 16,935.80 Computer Expense Repairs 0.00 250.00 0.00 0.00 250.00 IT 300.00 0.00 0.00 406.25 706.25 Hardware 99.50 0.00 0.00 0.00 99.50 Software 128.95 39110 198.95 73.90 440.80 Total Computer Expense 528.45 2891)0 198.95 480.15 1.496.55 Contributions 50.00 01)0 0.00 0.00 5a 00 Credit Card Annual Fee 0.00 01)0 2,500.00 85.00 2.585.00 Credit Card Service Charge 655.19 398.75 1,171.61 6.031.81 8.257.36 Dues and Subscriptions 0.00 01)0 214.13 0.00 214.13 Finance Charges Citi..7479 0.00 0.00 770.10 848.54 1.618.64 BOA...5082 1.50 18.13 384.02 403.32 806.97 BOA...9747 330.65 316.30 319.72 0.00 966.67 United 4138 301.48 355.38 328.48 330.56 1,315.90 Total Finance Charges 633.63 689.81 1,802.32 1,582.42 4,708.18 Insurance Premium Financing 261.28 26128 248.84 26128 1,032.68 Insurance -Other 0.00 80.57 118.59 118.59 317.75 Total Insurance 261.28 341.85 367.43 379.87 1,350.43 Licenses and Permits 0.00 0.00 0.00 970.00 970.00 Local Travel (Petty Cash) 0.00 8,948.70 3,000.00 5,081.00 17,029.70 Marketing & Promotion 0.00 0.00 0.00 2,079.41 2,079.41 Meals and Entertainment 1,050.04 1,119.92 270.68 210.65 2,651.29 Miscellaneous 383.12 906.70 70.59 0.00 1,360.41 Office Supplies 950.25 1,317.52 1,052.03 1,506.95 4,826.75 Payroll Expense (Salaries) 7,046.80 16,250.01 10,833.34 10,833.34 44,963.49 Payroll Expenses Profit Sharing Plan Fee 0.00 280.00 0.00 0.00 280.00 Payroll Expenses -Other 175.46 61.36 96.03 96.03 428.88 Total Payroll Expenses 175.46 341.36 96.03 96.03 708.88 Payroll Processing Fees 51.00 0.00 0.00 0.00 51.00 Payroll Taxes FICA 414.37 1,243.13 828.75 828.74 3,314.99 FUTA 26.00 30.00 0.00 0.00 56.00 NY SUI 130.81 211.31 0.00 0.00 342.12 Re-employment Service Fund 2.44 3.94 0.00 0.00 6.38 State Disability -2.60 -7.80 -5.20 -5.20 -20.80 Total Payroll Taxes 571.02 1,480.58 823.55 823.54 3,698.69 Postage and Delivery 857.99 483.92 397.18 251.40 1,990.49 Page 1 EFTA00729205 12:01 PM DANGENE MCKAY BAILEY (NY) 01/26/10 Cash Basis Profit & Loss September through December 2009 Professional Fees Singer Lewak Accounting Legal Fees Total Professional Fees Rent Taxes NYC UBT TAX Sales Tax Sep 09 0.00 540.00 1510.13 2050.13 5500.00 0.00 1.779.29 Oct 09 000 0.00 0.00 0.00 5500.00 3.000.00 0.00 Nov 09 0.00 0.00 266.79 266.79 5,500.00 0.00 0.00 Dec 09 3.040.36 0.00 668.78 3,709.14 5,500.00 0.00 0.00 TOTAL 3.040.36 540.00 2.445.70 6.026.06 22,000.00 3.000.00 1,779.29 Total Taxes 1,779.29 3,000.00 0.00 0.00 4,779.29 Telephone 774.89 768.51 878.29 305.96 2,727.65 Transportation 89.00 0.00 89.00 89.00 267.00 Travel 49.96 133.72 0.00 -305.00 -121.32 Uniforms 45.00 42.30 0.00 0.00 87.30 Utilities Gas and Electric 8. water 290.85 501.00 472.70 739.90 2.004.45 Total Utilities 290.85 501.00 472.70 739.90 2,004.45 Total Expense 41,051.20 42.674.95 31,283.62 41,010.57 156.020.34 Net Ordinary Income 43,934.58 33.512.78 69,853.08 48,733.84 196.034.28 Other Income/Expense Other Income Tax Refund 0.00 0.00 304.74 0.00 304.74 Total Other Income 0.00 0.00 304.74 0.00 304.74 Other Expense Home Expenses- NY 18C NY 18C House Payment 7.70804 3,854.47 7.708.94 7.70044 26,981.29 NY 18C Condo Dues 1.50076 1.632.41 1.50076 1.509.76 6,161.69 NY 18C Electric 679.95 264.49 217.63 196.01 1,358.08 Total Home Expenses- NY 18C 9,898.65 5,751.37 9,436.33 9,414.71 34,501.06 Home Expenses - NY 4B NY 48 House Payment 3.365.76 3,365.76 3.365.76 3.365.76 13,463.04 NY 48 Condo Dues 506.22 613.81 506.22 506.22 2,132.47 NY 46 Electric 94.19 59.15 57.95 109.93 321.22 Total Home Expenses - NY 4B 3,966.17 4.038.72 3,929.93 3,981.91 15916.73 Drawing Auto 0.00 0.00 0.00 800.00 800.00 Saks 0.00 0.00 0.00 1.634.24 1,634.24 Divorce 0.00 0.00 250.00 0.00 250.00 Draw Schedule A Items California Taxes 0.00 7.528.00 0.00 0.00 7,528.00 Medical 0.00 175.00 31.44 3.165.00 3.371.44 NYS Estimated taxes 4,220.00 0.00 1,712.00 0.00 5,932.00 Total Draw Schedule A Items 4220.00 7,703.00 1.743.44 3.165.00 16,831.44 Medquest 1.406.45 191.77 1.55109 179.62 3,328.93 Auto Lease Payments 0.00 1,064.55 1.064.55 1.06455 3,193.65 Apple Store 0.00 0.00 267.09 504.05 771.14 Barney's 2.106.73 0.00 0.00 0.00 2,106.73 Cable 328.74 482.00 272.60 472.37 1.555.71 Car Detail 0.00 220.00 0.00 0.00 220.00 Dangene Bailey 0.00 148.55 0.00 0.00 148.55 Health Insurance 1.14800 2,296.00 0.00 1.148.00 4.592.00 Judy Cole 2.00000 2,000.00 1.00000 0.00 5000.00 Life Insurance 111.75 269.79 269.79 269.79 921.12 Robert McKay 4.000.00 4.000.00 2.00000 2.00000 12.000.00 Personal Expenses 46.80 408.69 183.98 0.00 639.47 Pet Care 312.82 4,547.93 301.21 504.11 5666.07 Prin/Int-loan from Tristi (NY) 0.00 373.58 482.55 466.98 1,323.11 Sweet Pea's 0.00 0.00 122.50 0.00 122.50 Neiman Marcus 286.07 231.63 0.00 286.07 803.77 Page 2 EFTA00729206 12:01 PM 01/26/10 Cash Basis DANGENE MCKAY BAILEY (NY) Profit & Loss September through December 2009 Sep 09 Oct 09 Nov 09 Dec 09 TOTAL Williams Sonoma 112.52 0.00 0.00 0.00 112.52 Total Drawing 16,079.88 23,937.49 9,508.80 12.494.78 62.020.95 Interest Expense Pam del payroll 0.00 0.00 0.00 636.27 636.27 Chase LOC..0845 1,573.03 732.56 709.95 67960 3,695.14 Interest Expense - Other 0.00 0.00 9.76 0.00 9.76 Total Interest Expense 1,573.03 732.56 719.71 1,315.87 4,34117 Fines and Penalties 0.00 0.00 142.69 843.34 986.03 Total Other Expense 31,517.73 34,460.14 23,737.46 28,050.61 117,765.94 Net Other Income -31,517.73 -34,46014 -23,432.72 -28,050.61 -117,461.20 Net Income 12,416.85 -947.36 46,420.36 20,683.23 78,573.08 Page 3 EFTA00729207