| INCOME STATEMENT | QUARTERLY | | | | | ANNUAL |
| | Westlake | Sugar Bowl | Sugar Bowl | Sugar Bowl | Sugar Bowl | Westlake | Sugar Bowl |
| | Q3 2010 | Q2 2011* | Q3 2011 | Q4 2011 | Q1 2012 | 2010 | 2011 |
| Income |
| Lane Rental | $ 118,290 | $ 106,707 | $ 179,021 | $ 275,400 | $ 267,540 | $ 398,850 | $ 561,128 |
| Food Sale | $ 17,150 | $ 70,392 | $ 159,667 | $ 448,500 | $ 410,270 | $ 56,920 | $ 678,559 |
| Liquor Sale | $ 20,571 | $ 99,460 | $ 243,763 | $ 559,270 | $ 501,550 | $ 69,890 | $ 902,493 |
| Total | $ 156,011 | $ 276,559 | $ 582,451 | $ 1,283,170 | $ 1,179,360 | $ 525,660 | $ 2,142,180 |
| Variable Cost of Sales |
| Food Purchased | $ 5,145 | $ 39,420 | $ 110,250 | $ 181,386 | $ 199,336 | $ 17,076 | $ 331,056 |
| Liquor Purchased | $ 4,114 | $ 29,838 | $ 105,000 | $ 249,530 | $ 201,600 | $ 13,978 | $ 384,368 |
| Food & Beverage Supplies | $ 3,772 | $ 35,953 | $ 129,157 | $ 114,500 | $ 147,011 | $ 12,681 | $ 279,610 |
| Total | $ 13,031 | $ 105,210 | $ 344,407 | $ 545,416 | $ 547,946 | $ 43,735 | $ 995,033 |
| General Overhead Expenses |
| Marketing and Advertising | $ 2,820 | $ 10,000 | $ 15,000 | $ 15,000 | $ 15,000 | $ 9,250 | $ 40,000 |
| Salaries: Full Time | $ 29,400 | $ 48,498 | $ 48,498 | $ 48,498 | $ 48,498 | $ 115,000 | $ 145,494 |
| Salaries: Part Time | $ 9,240 | $ 20,130 | $ 18,720 | $ 34,528 | $ 23,900 | $ 30,800 | $ 73,378 |
| Catering wage | n/a | $ 16,128 | $ 25,920 | $ 32,027 | $ 25,920 | | $ 74,075 |
| Coupons | $ 2,339 | $ 7,000 | $ 9,000 | $ 11,000 | $ 9,000 | $ 7,090 | $ 27,000 |
| Legal and Audit | $ 2,112 | $ 3,600 | $ 3,600 | $ 3,600 | $ 3,600 | $ 7,040 | $ 10,800 |
| License & Permits | $ 440 | $ 2,475 | $ 2,475 | $ 6,000 | $ 6,000 | $ 6,500 | $ 10,950 |
| Office Supplies | $ 794 | $ 1,950 | $ 3,450 | $ 5,450 | $ 3,450 | $ 2,740 | $ 10,850 |
| Rent | $ 26,949 | $ 43,000 | $ 43,000 | $ 43,000 | $ 43,000 | $ 89,830 | $ 129,000 |
| Repair & Maintenance Labor | $ 13,838 | $ 14,000 | $ 29,550 | $ 34,550 | $ 29,550 | $ 102,700 | $ 78,100 |
| Repair & Maintenance Supplies | $ 24,855 | $ 45,000 | $ 49,000 | $ 58,000 | $ 63,000 | $ 67,500 | $ 152,000 |
| Utilities | $ 7,131 | $ 15,000 | $ 26,100 | $ 24,040 | $ 23,520 | $ 27,560 | $ 65,140 |
| Travel & Promotion | $ 263 | $ 8,000 | $ 3,000 | $ 3,000 | $ 3,000 | $ - 0 | $ 14,000 |
| Insurance | $ 14,700 | $ 28,500 | $ 28,500 | $ 33,000 | $ 33,000 | $ 49,000 | $ 90,000 |
| Miscellaneous | $ 450 | $ 6,000 | $ 8,500 | $ 7,500 | $ 9,700 | $ 1,500 | $ 22,000 |
| Total General | $ 135,329 | $ 269,281 | $ 314,313 | $ 359,193 | $ 340,138 | $ 516,510 | $ 942,787 |
| Operating Income (Loss) | $ 7,651 | $ (97,932) | $ (76,269) | $ 378,561 | $ 291,276 | $ (34,585) | $ 204,360 |
| Interest payment: Bank | $ 1,897 | $ 8,000 | $ 8,000 | $ 8,000 | $ 8,000 | $ 16,000 | $ 32,000 |
| Interest payment: Friends & Family | | $ 4,000.00 | $ 4,000.00 | $ 4,000.00 | $ 4,000.00 | $ 8,000 | $ 16,000 |
| Depreciation | $ 2,100 | $ 3,000 | $ 3,000 | $ 3,000 | $ 3,000 | $ 9,000 | $ 14,000 |
| Tax | $ 2,678 | | | $ 132,496 | $ 101,946 | | $ 78,566 |
| Net Income | $ 4,973 | $ (112,932) | $ (91,269) | $ 231,065 | $ 174,329 | $ (67,585) | $ 63,793 |
| *Q2 2011 represents just 8 weeks of Sugar Bowl Operations. Note the facility closed for renovations in November 2010, |
| and reopened in early May 2011. |
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