hElp

profileBatman007
EtchedFinancials2021.06.30.xlsx
Home>Business & Finance homework help>hElp

Dashboard

Etched Financial Dashboard
June 2021
Debt Balance Available
GWB Term Loan $ 694,819 $ 305,181
US Bank Equipment Loan $ 167,596 $ - 0
Paddock Note $ 84,600 $ - 0
Operating LOC $ - 0 $ 230,000
Trailing Qtr YTD Target
Debt Service Ratio 4.43 2.65 1.20
Working Capital Balance
Cash Balance $ 126,179
Working Capital per B/S $ 415,508
P&L Highlights Last Month This Month YTD Target
Revenue $ 192,970 $ 219,804 $ 1,038,355 $ 128,000
Revenue Run Rate $ 2,315,641 $ 2,637,646 $ 2,076,711 $ 1,800,000
COGS
Materials % - Manufactured 19.4% 22.5% 21.4% 22.8%
Labor % - Manufactured 14.7% 16.1% 16.8% 18.0%
Gross Margin - Manufactured 51.8% 48.1% 45.9% 41.6%
Gross Margin - Resale 48.8% 64.8% 50.7% 46.9%
EBITDA $ 37,941 $ 62,807 $ 114,995 $ 3,717
Balance Sheet Ratios Last Month This Month YTD Target
A/R > 30 Days $ 9,909 $ 5,062 $ 5,062 <2.5%
A/P > 30 days $ 9,431 $ - $ - <$1,000
DSO 20.5 40.8 39.4 <45
DPO - Materially COGS Purchases 15.9 21.5 19.9 <30
Inventory Turns 14.6 10.8 11.2 12.0
July 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 2021 June 2021
Sales $116,409 $111,096 $83,901 $136,110 $75,654 $98,835 $150,446 $154,982 $145,594 $174,560 $192,970 $219,804
COGS + Expenses $126,610 $119,436 $100,553 $129,511 $89,024 $141,943 $132,816 $142,877 $149,384 $156,523 $155,029 $156,997
check - s/b/ $0 $ - 0

Sales vs. Expenses

Sales July 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 2021 June 2021 116408.54000000001 111095.51 83900.81 136110.02000000002 75654.349999999991 98835.12999999999 150445.68 154981.58000000002 145593.91 174560.13 192970.08 219803.87000000002 COGS + Expenses July 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 2021 June 2021 126609.73000000001 119436.13 100553.37999999999 129510.70999999999 89023.83 141943.09 132816.14000000001 142877.28000000003 149383.60999999999 156523.38 155028.83000000002 156997.14999999997

Borrowing Base

BORROWING BASE CERTIFICATE
Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials
Bower
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.
Borrower: Etched, LLC Lender: Great Western Bank
10801 N Wabash Ave 10610 Shawnee Mission Pkwy
Kansas City, MO 64155 Shawnee, KS 66203
ACCOUNTS RECEIVABLE
1. Accounts Receivable Book Value as of (date) 6/30/21 $ 298,933.75
2. Less: Retainage $ - 0
3. TOTAL ACCOUNTS RECEIVABLE $ 298,933.75
4. Less: Accounts >60 days from the due date >90 DAYS or more $ 249.00
from the invoice date
5. TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS $ 249.00
6. Eligible Accounts ( No. 3 - No. 5) $ 298,684.75
7 LOAN VALUE OF ACCOUNTS (75.000% of No. 6) $ 224,013.56
INVENTORY
8. Eligible Finished Goods Inventory as of (date): 6/30/21 $ 52,893.23
9. Loan Value of Finished Goods Invenory (50% of No. 8) $ 26,446.62
10. Eligible Raw Material Inventory as of (date): 6/30/21 $ 62,755.53
11. Loan Value of Raw Material Inventory (50% of #10) $ 31,377.77
12. Less: Obsolete/Unsalable Inventory $ - 0
13. Less: Inventory with offsetting claims $ - 0
14. Less: Work-in-progress Inventory $ - 0
15. Total Eligible Inventory (No.9 plus No. 11 less sum of No.12 through No. 14) $ 57,824.38
16. Maximum Eligible Inventory (Lesser of $$$ or No. 15) $ 57,824.38
ELIGIBLE COLLATERAL TOTAL
17. SUM OF NO. 7 PLUS NO. 16 $ 281,837.94
BORROWING BASE FORMULA
18. Maximum Outstanding Line of Credit Availability (Lesser of $230K or No. 17) $ 230,000.00
19. Present balance owing lender as of (date): 6/30/21 $ - 0
20. Amount due (If No.19 > No. 18, No. 18 minus No. 19, otherwise 0) $ - 0
21. Available unused loan value (If No. 19 < No. 18, No. 19 minus No. 18, otherwise 0) $ 230,000.00
COMMENTS:
The undersigned represents and warrants that the foregoing is true, complete, and correct and that the information reflected in this certificate complies with the representations and warranties set forth in the Loan and Security Agreement dated Februrary 19, 2010 between the undersigned and Great Western Bank.
Etched, LLC
By: Date:

Budget vs. Actual

Etched, LLC
Budget vs. Actuals
January - June 2021
Actual Budget over Budget % of Budget
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate $ 518,818 $ 415,100 $ 103,718 124.99%
4120 Sales - Aluminum Nameplate 228,406 151,900 76,506 150.37%
4122 Sales - The Tube Tag 17,379 25,200 (7,821) 68.96%
4130 Sales - Nameplate Other - 0
4140 Sales - Prep / OT Fees 250 1,400 (1,150) 17.86%
4160 Sales - Discounts (1,282) (1,282)
4170 Sales - Paddock 154,401 108,000 46,401 142.96%
Total 4100 Sales - Manufactured $ 917,971 $ 701,600 $ 216,371 130.84%
4200 Sales Sourced
4125 Sales - Buy/Resale
4220 Resale - Other 104,235 91,000 13,235.29 114.54%
Total 4200 Sales Sourced $ 104,235 $ 91,000 $ 13,235 114.54%
4300 Prepaid Freight Revenue 16,149 15,400 748.53 104.86%
Total 4000 Sales $ 1,038,355 $ 808,000 $ 230,355 128.51%
Total Income $ 1,038,355 $ 808,000 $ 230,355 128.51%
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 107,892 85,648 22,243.84 125.97%
5120 Material Costs - Aluminum Nameplates 77,891 39,592 38,298.61 196.73%
5123 Material Costs - Tube Tag 2,859 2,424 435.36 117.96%
5130 Material Cost - Adhesive (686) 1,616 (2,301.85) -42.44%
5135 Material Cost - Paint 6,369 5,656 713.11 112.61%
5140 Material Cost - Resist / Ink 5,437 6,464 (1,027.45) 84.11%
5145 Material Cost - Chem/Solv 13,861 10,504 3,356.66 131.96%
5155 Material Cost - Premask (0) 406 (406.12) -0.03%
Total 5110 Material Cost $ 213,622 $ 152,310 $ 61,312 140.25%
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 4,680 4,500 180.00 104.00%
5158 TIM - One-Time Costs 56 2,700 (2,643.99) 2.07%
Total 5156 Tag Inventory Mgmt Costs $ 4,736 $ 7,200 $ (2,464) 65.78%
Total 5100 Cost of Sales - Material $ 218,358 $ 159,510 $ 58,848 136.89%
5160 Other Material Cost
23211 EOL_ManufacturingVariance (5,535) 4,848 (10,383.16) -114.17%
5165 Receipts - Sale of Scrap (14,810) (4,848) (9,962.10) 305.49%
5170 Inbound Freight/Shipping Costs 1,591 4,040 (2,449.50) 39.37%
Total 5160 Other Material Cost $ (18,755) $ 4,040 $ (22,795) -464.23%
5175 Outbound Freight/Shipping 17,594 20,200 (2,606) 87.10%
5200 Cost of Sales-Subcontract
5210 Tooling Expense 1,429 1,616 (187) 88.41%
5215 Subcontract - Other 2,272 2,272
Total 5200 Cost of Sales-Subcontract $ 3,700 $ 1,616 $ 2,084 228.97%
5250 Cost of Sales - COS - Buy / Resale
5122 Material Cost - Buy/Resale 51,368 48,300 3,067.98 106.35%
Total 5250 Cost of Sales - COS - Buy / Resale $ 51,368 $ 48,300 $ 3,068 106.35%
5400 Production Labor
5410 Production Labor - Art 5,575 243 5,332.00 2294.24%
5420 Production Labor - Screen
5421 Regular Wages - Screen 21,594 18,584 3,010.38 116.20%
5423 Payroll Taxes - Screen 1,567 1,616 (49.23) 96.95%
5425 Insurance - Workers Comp 6,746 6,464 282.19 104.37%
Total 5420 Production Labor - Screen $ 29,907 $ 26,664 $ 3,243 112.16%
5430 Production Labor - EPC
5431 Regular Wages - EPC 15,396 16,968 (1,571.87) 90.74%
5433 Payroll Taxes - EPC 1,465 1,616 (150.51) 90.69%
Total 5440 Production Labor - Fab $ 16,862 $ 18,584 $ (1,722) 90.73%
5440 Production Labor - Fab
5441 Regular Wages - Fab 65,681 55,752 9,928.88 117.81%
5443 Payroll Taxes - Fab 5,368 4,848 520.22 110.73%
Total 5440 Production Labor - Fab $ 71,049 $ 60,600 $ 10,449 117.24%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping - 0
5453 Payroll Taxes - Shipping - 0
Total 5450 Production Labor - Shipping $ - 0 $ - 0 $ - 0
5460 Contract Labor 33,814 22,624 11,189.93 149.46%
Total 5400 Production Labor $ 157,207 $ 128,715 $ 28,492 122.14%
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 23 23
5560-2 Equip Maint/Rpr - Screen 3,346 808 2,538 414.17%
5560-3 Equip Maint/Rpr - EPC 2,082 20,200 (18,118) 10.30%
5560-4 Equip Maint/Rpr - Fab 11,060 12,120 (1,060) 91.25%
5560-5 Equip Maint/Rpr - Shipping 439 808 (369) 54.27%
Total 5560 Equip Maint/Rpr $ 16,950 $ 33,936 $ (16,986) 49.95%
5570 Shop Supplies
5570-1 Shop Supplies - Art 2,944 3,232 (288.00) 91.09%
5570-2 Shop Supplies - Screen 4,574 4,040 533.59 113.21%
5570-3 Shop Supplies - EPC 6,840 4,848 1,992.04 141.09%
5570-4 Shop Supplies - Fab 19,001 14,544 4,456.91 130.64%
5570-5 Shop Supplies - Shipping Total 6,120 4,040 2,080.47 151.50%
Total 5570 Shop Supplies $ 39,479 $ 30,704 $ 8,775 128.58%
5600 Other Production Overhead
5620 Building Maint & Repairs 22,149 4,590 17,558.67 482.54%
5625 Utilities 26,516 24,000 2,516.19 110.48%
5630 Rental Equipment 1,227 1,227.30
5640 Custodial Expense 461 600 (139.43) 76.76%
5645 EPA Related Expenses 17,773 13,800 3,972.64 128.79%
5650 Misc Production Expense 3,133 1,214 1,918.90 258.06%
Total 5600 Other Production Overhead $ 71,258 $ 44,204 $ 27,054 161.20%
Total 5500 Production Overhead $ 127,687 $ 108,844 $ 18,843 117.31%
Total 5000 Cost of Goods Sold $ 557,160 $ 471,225 $ 85,935 118.24%
Total Cost of Goods Sold $ 557,160 $ 471,225 $ 85,935 118.24%
Gross Profit $ 481,196 $ 336,775 $ 144,421 142.88%
Expenses 46% 42%
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales - 0
6142 Payroll Taxes - Sales - 0
Total 6140 Salaries & Wages - Sales $ - 0 $ - 0 $ - 0
6154 Guaranteed Payments - Sales 90,000 90,000 - 0 100.00%
Total 6100 Personnel Costs $ 90,000 $ 90,000 $ - 0 100.00%
6200 Commissions
6210 Sales - Commissions (Internal) - 0
6220 Sales - Commissions (External) 55,398 39,100 16,297.69 141.68%
Total 6200 Commissions $ 55,398 $ 39,100 $ 16,298 141.68%
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 3,355 1,752 1,603.01 191.50%
6320 Meals & Entertainment - Sales 852 492 360.01 173.17%
Total 6300 Travel, Meals & Entertainment - Sales $ 4,207 $ 2,244 $ 1,963 187.48%
6400 Marketing Expense 4,138 4,137.68
6600 Other Sales Expenses
6610 IT Expense - Sales 211 60 150.80 351.33%
6620 Dues / Subscriptions 1,080 (1,080.00) 0.00%
Total 6600 Other Sales Expenses $ 211 $ 1,140 $ (929) 18.49%
Total 6005 Sales Expenses $ 153,953 $ 132,484 $ 21,469 116.21%
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 1,393 1,920
7130 Guaranteed Payments - Admin 90,000 90,000 - 0 100.00%
Total 7100 Personnel Cost $ 91,393 $ 91,920 $ (528) 99.43%
7200 Office Expenses
7210 Office Supplies 2,955 1,200 1,754.97 246.25%
7212 Small Equipment Expense - 0
7215 Dues & Subscrip 545 450 95.10 121.13%
7220 Postage Expense 12 120 (108.16) 9.87%
7225 Bank Fees 1,973 1,890 82.67 104.37%
7230 IT Expense - G&A 7,307 5,100 2,206.61 143.27%
7235 Business Taxes 2,954 3,150 (195.74) 93.79%
Total 7200 Office Expenses $ 15,745 $ 11,910 $ 3,835 132.20%
7300 Professional Fees
7310 Accounting 19,130 21,000 (1,870.00) 91.10%
7315 Legal 15,335 900 14,435.42 1703.94%
Total 7300 Professional Fees $ 34,465 $ 21,900 $ 12,565 157.38%
7400 Occupancy Expense
7410 Rent 16,794 25,200 (8,405.85) 66.64%
7415 Telephone Expense 953 990 (36.78) 96.28%
7420 Business Insurance - Property & Casualty 3,303 3,330 (27.00) 99.19%
7425 Real Estate/Personal Property Taxes 9,179 9,000 178.88 101.99%
Total 7400 Occupancy Expense $ 30,229 $ 38,520 $ (8,291) 78.48%
7500 Travel, Meals & Entertainment
7510 Travel - G&A 7,261 450 6,810.92 1613.54%
7515 Meals & Entertainment - G&A 952 600 351.72 158.62%
Total 7500 Travel, Meals & Entertainment $ 8,213 $ 1,050 $ 7,163 782.16%
7600 Other Expenses
7610 Business Insurance - D&O and Key-Man Life 490 540 (49.68) 90.80%
7613 Business Insurance - EPL 785 810 (24.77) 96.94%
7625 Hiring Expense 382 240 142.43 159.35%
7635 Employee Activities 560 600 (39.54) 93.41%
7640 Charitable Contribution 250 250.00
Total 7600 Other Expenses $ 2,468 $ 2,190 $ 278 112.71%
Total 7000 G&A Expenses $ 182,514 $ 167,490 $ 15,024 108.97%
Total 6000 SG&A Expenses $ 336,467 $ 299,974 $ 36,493 112.17%
QuickBooks Payments Fees 0
Total Expenses $ 336,467 $ 299,974 $ 36,493 112.17%
Net Operating Income $ 144,729 $ 36,801 $ 107,928 393.27%
Other Income
8100 Misc Income 120,022 120,022.47
Total Other Income $ 120,022 $ - 0 $ 120,022
Other Expenses
8500 Gain(Loss) Sale of Assets - 0
8520 Interest Expense 20,437 23,400 (2,963.26) 87.34%
8530 Depreciation Expense 42,590 49,362 (6,771.85) 86.28%
8540 Amortization 2,771 2,772 (1.50) 99.95%
Total Other Expenses $ 65,797 $ 75,534 $ (9,737) 87.11%
Net Other Income $ 54,225 $ (75,534) $ 129,759 -71.79%
Net Income $ 198,954 $ (38,733) $ 237,687 -513.65%

&9These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

Balance Sheet

Etched, LLC
Balance Sheet
As of June 30, 2021
As of Jun 30, 2021 As of Jun 30, 2020 (PY)
ASSETS
Current Assets
Bank Accounts
1000 Operating Cash - GWB $ 105,553 $ 259,028
1020 Checking 3526 - GWB - 0 - 0
1030 GWB - PPP Holding Checking 20,625 1,139
1090 Petty Cash - 0 110
Total Bank Accounts $ 126,179 $ 260,277
Accounts Receivable
1100 Accounts Receivable 298,934 127,695
Total Accounts Receivable $ 298,934 $ 127,695
Other Current Assets
Undeposited Funds 4,450 (1,168)
1200 Inventory
1215 Inventory - Stainless Steel 22,041 8,253
1220 Inventory - Aluminum 16,957 5,142
1230 Inventory - Adhesive 1,003 1,516
1235 Inventory - Paint 4,451 3,402
1240 Inventory - Resist/Ink 6,635 6,526
1245 Inventory - Chem/Solv 10,762 6,679
1255 Inventory - Premask 905 390
1260 Inventory - Finished Goods 52,893 46,217
Total 1200 Inventory $ 115,649 $ 78,124
1300 Prepaid Expenses 16,886 17,233
23210 EOL_WorkInProgress - 0 5,521
Total Other Current Assets $ 132,535 $ 99,711
Total Current Assets $ 562,097 $ 487,683
Fixed Assets
1400 Furniture & Fixtures
1401 Accumulated Depr - F&F
1425 Machinery & Equipment 881,388 782,664
1426 Accumulated Depr - M&E (225,553) (148,552)
1450 Leasehold Improvements 55,177 55,177
1451 Accumulated Depr - Lshld Imp (23,853) (18,311)
Total Fixed Assets $ 687,159 $ 670,979
Other Assets
1500 Other Assets
1510 Loan Fees 32,077 32,077
1511 Accumulated Amort - Loan Fees (14,702) (11,494)
Total 1510 Loan Fees $ 17,375 $ 20,582
1515 Paddock Noncompete 5,000
1520 Paddock Goodwill 5,000
1525 Paddock web domain 5,000
1530 Accumulated Amortization - Other Assets (1,167)
Total 1500 Other Assets $ 31,208 $ 20,582
Total Other Assets $ 31,208 $ 20,582
TOTAL ASSETS $ 1,280,464 $ 1,179,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 Accounts Payable 77,372 48,095
Total Accounts Payable $ 77,372 $ 48,095
Credit Cards
2150 GWB - Credit Card 15,708 7,536
Total Credit Cards $ 15,708 $ 7,536
Other Current Liabilities
2170 Deferred Revenue - 0 - 0
2050 Real Estate Taxes Payable 8,100 4,950
2160 Accrued Expenses 6,084 5,503
2165 Accrued Payroll 7,359 5,188
2300 Commissions Payable 31,400 7,539
23202 EOL_InvoicesToReceive - 0 (566)
2350 Contract Labor Payable 566 343
2400 Operating LOC - GWB - 0 - 0
PPP Note Payable - 0 102,492
Total Other Current Liabilities $ 53,508 $ 125,448
Total Current Liabilities $ 146,589 $ 181,079
Long-Term Liabilities
2500 Term Loan - GWB 694,819 803,756
2550 Paddock Note Payable 84,600
US Bank Equipment Finance 167,596 196,397
Total Long-Term Liabilities $ 947,015 $ 1,000,152
Total Liabilities $ 1,093,604 $ 1,181,231
Equity
3000 Mark Stang - Equity (64,692) (76,096)
3001 Mark Stang - Capital Contribution 31,356 31,356
Total 3000 Mark Stang - Equity $ (33,336) $ (44,740)
3100 Josh Shelton - Equity (64,692) (76,096)
3101 Josh Shelton - Capital Contribution 31,356 31,356
Total 3100 Josh Shelton - Equity $ (33,336) $ (44,740)
3200 Justin Shelton - Equity (64,692) (76,096)
3201 Justin Shelton - Capital Contribution 31,356 31,356
Total 3200 Justin Shelton - Equity $ (33,336) $ (44,740)
3300 Adam Barksdale - Equity (64,692) (76,096)
3301 Adam Barksdale - Capital Contribution 31,356 31,356
Total 3300 Adam Barksdale - Equity $ (33,336) $ (44,740)
3400 Chris Berland - Equity (28,752) (33,821)
3401 Chris Berland - Capital Contribution 150,000 150,000
Total 3400 Chris Berland - Equity $ 121,248 $ 116,179
Opening Balance Equity - 0 - 0
Retained Earnings - 0 - 0
Net Income 198,954 60,794
Total Equity $ 186,860 $ (1,987)
TOTAL LIABILITIES AND EQUITY $ 1,280,464 $ 1,179,244

&8These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

Profit and Loss - Month

Etched, LLC
Profit and Loss - Month
June 2021
June 2021 % of Income
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate $ 123,095 56.00%
4120 Sales - Aluminum Nameplate 41,950 19.09%
4122 Sales - The Tube Tag (3,287) -1.50%
4130 Sales - Nameplate Other - 0 0.00%
4140 Sales - Prep / OT Fees 250 0.11%
4160 Sales - Discounts (6) -0.00%
4170 Sales - Paddock 17,530 7.98%
Total 4100 Sales - Manufactured $ 179,532 81.68%
4200 Sales Sourced
4220 Resale - Other 37,156 16.90%
Total 4200 Sales Sourced $ 37,156 16.90%
4300 Prepaid Freight Revenue 3,116 1.42%
Total 4000 Sales $ 219,804 100.00%
Total Income $ 219,804 100.00%
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 27,271 12.41%
5120 Material Costs - Aluminum Nameplates 13,263 6.03%
5123 Material Costs - Tube Tag - 0 0.00%
5130 Material Cost - Adhesive (396) -0.18%
5135 Material Cost - Paint 1,354 0.62%
5140 Material Cost - Resist / Ink 985 0.45%
5145 Material Cost - Chem/Solv 2,117 0.96%
5155 Material Cost - Premask - 0 0.00%
Total 5110 Material Cost $ 44,594 20.29%
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 720
5158 TIM - Reoccurring Costs - 0 0.00%
Total 5156 Tag Inventory Mgmt Costs $ 720 0.33%
Total 5100 Cost of Sales - Material $ 45,314 20.62%
5160 Other Material Cost
23211 EOL_ManufacturingVariance 1,427 0.65%
5165 Receipts - Sale of Scrap (5,816) -2.65%
5170 Inbound Freight/Shipping Costs 209 0.10%
Total 5160 Other Material Cost $ (4,179) -1.90%
5175 Outbound Freight/Shipping 2,627 1.20%
5200 Cost of Sales-Subcontract
5210 Tooling Expense 266 0.12%
5215 Subcontract - Other 2,272 1.03%
Total 5200 Cost of Sales-Subcontract $ 2,537 1.15%
5200 Cost of Sales- COS - Buy / Resale
5122 Material Cost - Buy/Resale 13,084 5.95%
Total 5200 Cost of Sales- COS - Buy / Resale $ 13,084 5.95%
5300 Cost of Sales Sourced
5315 Onsite Engineering Time - 0 0.00%
Total 5300 Cost of Sales Sourced $ - 0 0.00%
5400 Production Labor
5410 Production Labor - Art 850 0.39%
5420 Production Labor - Screen
5421 Regular Wages - Screen 5,207 2.37%
5423 Payroll Taxes - Screen 452 0.21%
5425 Insurance - Workers Comp 1,119 0.51%
Total 5420 Production Labor - Screen $ 6,779 3.08%
5430 Production Labor - EPC
5431 Regular Wages - EPC 3,101 1.41%
5433 Regular Taxes - EPC 322 0.15%
Total 5430 Production Labor - EPC $ 3,424 1.56%
5440 Production Labor - Fab
5441 Regular Wages - Fab 11,903 5.42%
5443 Regular Taxes - Fab 920 0.42%
Total 5440 Production Labor - Fab $ 12,823 5.83%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping - 0 0.00%
5453 Payroll Taxes - Shipping - 0 0.00%
Total 5450 Production Labor - Shipping $ - 0 0.00%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping - 0 0.00%
5453 Payroll Taxes - Shipping - 0 0.00%
Total 5450 Production Labor - Shipping $ - 0 0.00%
5460 Contract Labor 5,443 2.48%
Total 5400 Production Labor $ 29,319 13.34%
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 0.00%
5560-2 Equip Maint/Rpr - Screen 304 0.68%
5560-3 Equip Maint/Rpr - EPC 498 1.12%
5560-4 Equip Maint/Rpr - Fab 1,263 2.83%
5560-5 Equip Maint/Rpr - Shipping - 0 0.00%
Total 5560 Equip Maint/Rpr $ 2,065 0.94%
5570 Shop Supplies
5570-1 Shop Supplies - Art 130 0.06%
5570-2 Shop Supplies - Screen 1,175 0.53%
5570-3 Shop Supplies - EPC 964 0.44%
5570-4 Shop Supplies - Fab 3,393 1.54%
5570-5 Shop Supplies - Shipping Total 1,953 0.89%
Total 5570 Shop Supplies $ 7,615 3.46%
5600 Other Production Overhead
5620 Building Maint & Repairs 2,656 1.21%
5625 Utilities 4,896 2.23%
5630 Rental Equipment 225 0.10%
5640 Custodial Expense 76 0.03%
5645 EPA Related Expenses 1,324 0.60%
5650 Misc Production Expense 300 0.14%
Total 5600 Other Production Overhead $ 9,477 4.31%
Total 5500 Production Overhead $ 19,157 8.72%
Total 5000 Cost of Goods Sold $ 107,859 49.07%
Total Cost of Goods Sold $ 107,859 49.07%
Gross Profit $ 111,945 50.93%
Expenses
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales - 0 0.00%
6142 Payroll Taxes - Sales - 0 0.00%
Total 6140 Salaries & Wages - Sales $ - 0 0.00%
6154 Guaranteed Payments - Sales 15,000 6.82%
Total 6100 Personnel Costs $ 15,000 6.82%
6200 Commissions
6220 Sales - Commissions (External) 7,055 3.21%
Total 6200 Commissions $ 7,055 3.21%
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 1,113 0.51%
6320 Meals & Entertainment - Sales 401 0.18%
Total 6300 Travel, Meals & Entertainment - Sales $ 1,514 0.69%
6400 Marketing Expense 716 0.83%
6600 Other Sales Expenses
6610 IT Expense - Sales 126 0.06%
6620 Dues / Subscriptions - 0 0.00%
Total 6600 Other Sales Expenses $ 126 0.06%
Total 6005 Sales Expenses $ 24,411 11.11%
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 320 0.15%
7130 Guaranteed Payments - Admin 15,000 6.82%
Total 7100 Personnel Cost $ 15,320 6.97%
7200 Office Expenses
7210 Office Supplies 273 0.12%
7212 Small Equipment Expense - 0 0.00%
7215 Dues & Subscriptions 94 0.04%
7220 Postage Expense - 0 0.00%
7225 Bank Fees 238 0.11%
7230 IT Expense - G&A 1,252 0.57%
7235 Business Taxes 0.00%
Total 7200 Office Expenses $ 1,858 0.85%
7300 Professional Fees
7310 Accounting 2,500 1.14%
7315 Legal 5,000 2.27%
Total 7300 Professional Fees $ 7,500 3.41%
7400 Occupancy Expense
7410 Rent (3,654) -1.66%
7415 Telephone Expense 249 0.11%
7420 Business Insurance - Property & Casualty 467 0.21%
7425 Real Estate/Personal Property Taxes 1,350 0.61%
Total 7400 Occupancy Expense $ (1,588) -0.72%
7500 Travel, Meals & Entertainment
7510 Travel - G&A 854 0.39%
7515 Meals & Entertainment - G&A 237 0.11%
Total 7500 Travel, Meals & Entertainment $ 1,091 0.50%
7600 Other Expenses
7610 Business Insurance - D&O and Key-Man Life 82 0.04%
7613 Business Insurance - EPL 131 0.06%
7620 Business Meetings - 0 0.00%
7625 Hiring Expense 59 0.03%
7635 Employee Activities 24 0.01%
7640 Charitable Contribution 250 0.11%
Total 7600 Other Expenses $ 546 0.25%
Total 7000 G&A Expenses $ 24,726 11.25%
Total 6000 SG&A Expenses $ 49,138 22.36%
QuickBooks Payments Fees 0
Total Expenses $ 49,138 22.36%
Net Operating Income $ 62,807 28.57%
Other Income
8100 Misc Income 101,061 45.98%
Total Other Income $ 101,061 45.98%
Other Expenses
8500 Gain(Loss) Sale of Assets
8520 Interest Expense 3,371 1.53%
8530 Depreciation Expense 7,118 3.24%
8540 Amortization 462 0.21%
Total Other Expenses $ 10,950 4.98%
Net Other Income $ 90,111 41.00%
Net Income $ 152,917 69.57%

&8These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

Profit and Loss YTD

Etched, LLC
Profit and Loss - YTD
FY 2021 YTD
2021 YTD % of Income
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate $ 518,818 49.97%
4120 Sales - Aluminum Nameplate 228,406 22.00%
4122 Sales - The Tube Tag 17,379 1.67%
4130 Sales - Nameplate Other 0.00%
4140 Sales - Prep / OT Fees 250 0.02%
4160 Sales - Discounts (1,282) -0.12%
4170 Sales - Paddock 154,401 14.87%
Total 4100 Sales - Manufactured $ 917,971 88.41%
4200 Sales Sourced
4125 Sales - Buy/Resale - 0 0.00%
4220 Resale - Other 104,235 24,672
Total 4200 Sales Sourced $ 104,235 10.04%
4300 Prepaid Freight Revenue 16,149 3,249
Total 4000 Sales $ 1,038,355 100.00%
4250 Sales Discounts and Allowances 0.00%
Total Income $ 1,038,355 100.00%
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 107,892 10.39%
5120 Material Costs - Aluminum Nameplates 77,891 7.50%
5123 Material Costs - Tube Tag 2,859 0.28%
5130 Material Cost - Adhesive (686) -0.07%
5135 Material Cost - Paint 6,369 0.61%
5140 Material Cost - Resist / Ink 5,437 0.52%
5145 Material Cost - Chem/Solv 13,861 1.33%
5155 Material Cost - Premask (0.12) -0.00%
Total 5110 Material Cost $ 213,622 20.57%
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 4,680 0.45%
5158 TIM - One-Time Costs 56 0.01%
Total 5156 Tag Inventory Mgmt Costs $ 4,736 0.46%
Total 5100 Cost of Sales - Material $ 218,358 21.03%
5160 Other Material Cost
23211 EOL_ManufacturingVariance (5,535) -0.53%
5165 Receipts - Sale of Scrap (14,810) -1.43%
5170 Inbound Freight/Shipping Costs 1,591 0.15%
Total 5160 Other Material Cost $ (18,755) -1.81%
5175 Outbound Freight/Shipping 17,594
5200 Cost of Sales-Subcontract
5210 Tooling Expense 1,429 0.14%
5215 Subcontract - Other 2,272 0.22%
Total 5200 Cost of Sales-Subcontract $ 3,700 0.36%
5200 Cost of Sales- COS - Buy / Resale
5122 Material Cost - Buy/Resale 51,368 4.95%
Total 5200 Cost of Sales- COS - Buy / Resale $ 51,368 4.95%
5300 Cost of Sales Sourced
5315 Onsite Engineering Time - 0 0.00%
Total 5300 Cost of Sales Sourced $ - 0 0.00%
5400 Production Labor
5410 Production Labor - Art 5,575 0.54%
5420 Production Labor - Screen
5421 Regular Wages - Screen 21,594 2.08%
5423 Payroll Taxes - Screen 1,567 0.15%
5425 Insurance - Workers Comp 6,746 0.65%
Total 5420 Production Labor - Screen $ 29,907 2.88%
5430 Production Labor - EPC
5431 Regular Wages - EPC 15,396 1.48%
5433 Regular Taxes - EPC 1,465 0.14%
Total 5440 Production Labor - Fab $ 16,862 1.62%
5440 Production Labor - Fab
5441 Regular Wages - Fab 65,681 6.33%
5443 Regular Taxes - Fab 5,368 0.52%
Total 5440 Production Labor - Fab $ 71,049 6.84%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping - 0 0.00%
5453 Payroll Taxes - Shipping - 0 0.00%
Total 5450 Production Labor - Shipping $ - 0 0.00%
5460 Contract Labor 33,814 3.26%
Total 5400 Production Labor $ 157,207 15.14%
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 23
5560-2 Equip Maint/Rpr - Screen 3,346 0.32%
5560-3 Equip Maint/Rpr - EPC 2,082 0.20%
5560-4 Equip Maint/Rpr - Fab 11,060 1.07%
5560-5 Equip Maint/Rpr - Shipping 439 0.04%
Total 5560 Equip Maint/Rpr $ 16,950 1.63%
5565 Small Equipment & Tools - 0 0.00%
5570 Shop Supplies
5570-1 Shop Supplies - Art 2,944 0.28%
5570-2 Shop Supplies - Screen 4,574 0.44%
5570-3 Shop Supplies - EPC 6,840 0.66%
5570-4 Shop Supplies - Fab 19,001 1.83%
5570-5 Shop Supplies - Shipping Total 6,120 0.59%
Total 5570 Shop Supplies $ 39,479 3.80%
5600 Other Production Overhead
5620 Building Maint & Repairs 22,149 2.13%
5625 Utilities 26,516 2.55%
5630 Rental Equipment 1,227 0.12%
5640 Custodial Expense 461 0.04%
5645 EPA Related Expenses 17,773 1.71%
5650 Misc Production Expense 3,133 0.30%
Total 5600 Other Production Overhead $ 71,258 6.86%
Total 5500 Production Overhead $ 127,687 12.30%
Total 5000 Cost of Goods Sold $ 557,159 53.66%
Total Cost of Goods Sold $ 557,159 53.66%
Gross Profit $ 481,196 46.34%
Expenses
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales - 0 0.00%
6142 Payroll Taxes - Sales - 0 0.00%
Total 6140 Salaries & Wages - Sales $ - 0 0.00%
6154 Guaranteed Payments - Sales 90,000 8.67%
Total 6100 Personnel Costs $ 90,000 8.67%
6200 Commissions
6220 Sales - Commissions (External) 55,398 5.34%
Total 6200 Commissions $ 55,398 5.34%
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 3,355 0.32%
6320 Meals & Entertainment - Sales 852 0.08%
Total 6300 Travel, Meals & Entertainment - Sales $ 4,207 0.41%
6400 Marketing Expense 4,138 0.40%
6600 Other Sales Expenses
6610 IT Expense - Sales 211 0.02%
6620 Dues / Subscriptions 0.00%
Total 6600 Other Sales Expenses $ 211 0.02%
Total 6005 Sales Expenses $ 153,953 14.83%
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 1,393 1.79%
7130 Guaranteed Payments - Admin 90,000 8.67%
Total 7100 Personnel Cost $ 91,393 8.80%
7200 Office Expenses
7210 Office Supplies 2,955 0.28%
7212 Small Equipment Expense 0.00%
7215 Dues & Subscriptions 545 0.05%
7220 Postage Expense 12 0.00%
7225 Bank Fees 1,973 0.19%
7230 IT Expense - G&A 7,307 0.70%
7235 Business Taxes 2,954 0.28%
Total 7200 Office Expenses $ 15,745 1.52%
7300 Professional Fees
7310 Accounting 19,130 1.84%
7310 Legal 15,335 0.00%
Total 7300 Professional Fees $ 34,465 3.32%
7400 Occupancy Expense
7410 Rent 16,794 1.62%
7415 Telephone Expense 953 0.09%
7420 Business Insurance - Property & Casualty 3,303 0.32%
7425 Real Estate/Personal Property Taxes 9,179 0.88%
Total 7400 Occupancy Expense $ 30,229 2.91%
7500 Travel, Meals & Entertainment
7510 Travel - G&A 7,261 0.70%
7515 Meals & Entertainment - G&A 952 0.09%
Total 7500 Travel, Meals & Entertainment $ 8,213 0.79%
7600 Other Expenses
7610 Business Insurance - D&O and Key-Man Life 490 0.05%
7613 Business Insurance - EPL 785 0.08%
7620 Business Meetings - 0 0.00%
7625 Hiring Expense 382 0.04%
7635 Employee Activities 560 0.05%
7640 Charitable Contribution 250
Total 7600 Other Expenses $ 2,468 0.24%
Total 7000 G&A Expenses $ 182,514 17.58%
Total 6000 SG&A Expenses $ 336,467 32.40%
QuickBooks Payments Fees 0
Total Expenses $ 336,467 32.40%
Net Operating Income $ 144,729 13.94%
Other Income
8100 Misc Income 120,022 11.56%
Total Other Income $ 120,022 11.56%
Other Expenses
8500 Gain(Loss) Sale of Assets 0.00%
8520 Interest Expense 20,437 1.97%
8530 Depreciation Expense 42,590 4.10%
8540 Amortization 2,771 0.27%
Total Other Expenses $ 65,797 6.34%
Net Other Income $ 54,225 5.22%
Net Income $ 198,954 19.16%

&8These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

YOY P&L

Etched, LLC
Profit and Loss
January - June, 2021
Jan - June, 2021 Jan - June, 2020 (PP) % Change
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate $ 518,818 $ 461,276 12.47%
4120 Sales - Aluminum Nameplate 228,406 174,568 30.84%
4122 Sales - The Tube Tag 17,379 36,983 -53.01%
4130 Sales - Nameplate Other
4140 Sales - Prep / OT Fees 250 1,563 -84.01%
4160 Sales - Discounts (1,282) (356) -260.52%
4170 Sales - Paddock 154,401
Total 4100 Sales - Manufactured $ 917,971 $ 674,035 36.19%
4200 Sales Sourced
4125 Sales - Buy/Resale -
4220 Resale - Other 104,235 114,570 -9.02%
Total 4200 Sales Sourced $ 104,235 $ 114,570 -9.02%
4300 Prepaid Freight Revenue 16,149 17,510 -7.78%
Total 4000 Sales $ 1,038,355 $ 806,115 28.81% $ 232,240
4250 Sales Discounts and Allowances -
Total Income $ 1,038,355 $ 806,115 28.81% $ 232,240
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 107,892 81,023 33.16%
5120 Material Costs - Aluminum Nameplates 77,891 40,018 94.64%
5123 Material Costs - Tube Tag 2,859 3,749 -23.72%
5130 Material Cost - Adhesive (686) (0) -142785.42%
5135 Material Cost - Paint 6,369 5,398 18.00%
5140 Material Cost - Resist / Ink 5,437 5,710 -4.79%
5145 Material Cost - Chem/Solv 13,861 8,854 56.55%
5155 Material Cost - Premask (0.12) 480 -100.03%
Total 5110 Material Cost $ 213,622 $ 145,229 47.09%
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 4,680 4,320 8.33%
5158 TIM - One-Time Costs 56 3,789 -98.52%
Total 5156 Tag Inventory Mgmt Costs $ 4,736 $ 8,109 -41.60%
Total 5100 Cost of Sales - Material $ 218,358 $ 153,338 42.40%
5160 Other Material Cost
23211 EOL_ManufacturingVariance (5,535) 3,612 -253.24%
5165 Receipts - Sale of Scrap (14,810) (4,388) -237.54%
5170 Inbound Freight/Shipping Costs 1,591 3,280 -51.52%
Total 5160 Other Material Cost $ (18,755) $ 2,505 -848.72%
5175 Outbound Freight/Shipping 17,594 19,075 -7.76%
5200 Cost of Sales-Subcontract
5210 Tooling Expense 1,429 1,662 -14.05%
5215 Subcontract - Other 2,272
Total 5200 Cost of Sales-Subcontract $ 3,700 $ 1,662 122.60%
5250 Cost of Sales - COS - Buy / Resale
5122 Material Cost - Buy/Resale 51,368 62,349 -17.61%
Total 5250 Cost of Sales - COS - Buy / Resale $ 51,368 $ 62,349 -17.61%
5300 Cost of Sales Sourced
5315 Onsite Engineering Time -
Total 5300 Cost of Sales Sourced $ - 0 $ - 0
5400 Production Labor
5410 Production Labor - Art 5,575 200 2687.50%
5420 Production Labor - Screen
5421 Regular Wages - Screen 21,594 16,521 30.71%
5423 Payroll Taxes - Screen 1,567 1,570 -0.23%
5425 Insurance - Workers Comp 6,746 9,162 -26.36%
Total 5420 Production Labor - Screen $ 29,907 $ 27,253 9.74%
5430 Production Labor - EPC
5431 Regular Wages - EPC 15,396 14,691 4.80%
5433 Payroll Taxes - EPC 1,465 1,441 1.68%
Total 5430 Production Labor - EPC $ 16,862 $ 16,133 4.52%
5440 Production Labor - Fab
5441 Regular Wages - Fab 65,681 50,019 31.31%
5443 Payroll Taxes - Fab 5,368 4,792 12.02%
Total 5440 Production Labor - Fab $ 71,049 $ 54,811 29.63%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping
5453 Payroll Taxes - Shipping
Total 5450 Production Labor - Shipping $ - 0 $ - 0
5460 Contract Labor 33,814 19,469 73.68%
Total 5400 Production Labor $ 157,207 $ 117,865 33.38%
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 23
5560-2 Equip Maint/Rpr - Screen 3,346 503 564.75%
5560-3 Equip Maint/Rpr - EPC 2,082 6,589 -68.41%
5560-4 Equip Maint/Rpr - Fab 11,060 11,621 -4.83%
5560-5 Equip Maint/Rpr - Shipping 439 554 -20.86%
Total 5560 Equip Maint/Rpr $ 16,950 $ 19,267 -12.03%
5565 Small Equipment & Tools - 0
5570 Shop Supplies
5570-1 Shop Supplies - Art 2,944 2,814 4.62%
5570-2 Shop Supplies - Screen 4,574 3,920 16.66%
5570-3 Shop Supplies - EPC 6,840 3,591 90.49%
5570-4 Shop Supplies - Fab 19,001 13,523 40.51%
5570-5 Shop Supplies - Shipping Total 6,120 2,379 157.24%
Total 5570 Shop Supplies $ 39,479 $ 26,227 50.53%
5600 Other Production Overhead
5620 Building Maint & Repairs 22,149 4,255 420.52%
5625 Utilities 26,516 22,586 17.40%
5630 Rental Equipment 1,227
5640 Custodial Expense 461 386 19.40%
5645 EPA Related Expenses 17,773 13,092 35.75%
5650 Misc Production Expense 3,133 1,865 67.98%
Total 5600 Other Production Overhead $ 71,258 $ 42,184 68.92%
Total 5500 Production Overhead $ 127,687 $ 87,678 45.63%
Total 5000 Cost of Goods Sold $ 557,160 $ 444,474 25.35%
Total Cost of Goods Sold $ 557,160 $ 444,474 25.35%
Gross Profit $ 481,196 $ 361,641 33.06% $ 119,554
Expenses
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales
6142 Payroll Taxes - Sales
Total 6140 Salaries & Wages - Sales $ - 0 $ - 0
6154 Guaranteed Payments - Sales 90,000 73,000 23.29%
Total 6100 Personnel Costs $ 90,000 $ 73,000 23.29%
6200 Commissions
6220 Sales - Commissions (External) 55,398 20,152 174.90%
Total 6200 Commissions $ 55,398 $ 20,152 174.90%
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 3,355 5,254 -36.15%
6320 Meals & Entertainment - Sales 852 765 11.35%
Total 6300 Travel, Meals & Entertainment - Sales $ 4,207 $ 6,019 -30.11%
6400 Marketing Expense 4,138 29,960 -86.19%
6600 Other Sales Expenses
6610 IT Expense - Sales 211
6620 Dues / Subscriptions 1,080 -100.00%
Total 6600 Other Sales Expenses $ 211 $ 1,080 -80.48%
Total 6005 Sales Expenses $ 153,953 $ 130,211 18.23%
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 1,393
7130 Guaranteed Payments - Admin 90,000 73,000 23.29%
Total 7100 Personnel Cost $ 91,393 $ 73,000 25.20%
7200 Office Expenses
7210 Office Supplies 2,955 1,775 66.51%
7212 Small Equipment Expense
7215 Dues & Subscrip 545 495 10.19%
7220 Postage Expense 12 102 -88.34%
7225 Bank Fees 1,973 1,972 0.01%
7230 IT Expense - G&A 7,307 5,289 38.14%
7235 Business Taxes 2,954 1,511 95.48%
Total 7200 Office Expenses $ 15,745 $ 11,144 41.29%
7300 Professional Fees
7310 Accounting 19,130 15,500 23.42%
7315 Legal 15,335 6,815 125.04%
Total 7300 Professional Fees $ 34,465 $ 22,315 54.45%
7400 Occupancy Expense
7410 Rent 16,794 23,363 -28.12%
7415 Telephone Expense 953 535 78.27%
7420 Business Insurance - Property & Casualty 3,303 3,286 0.52%
7425 Real Estate/Personal Property Taxes 9,179 4,950 85.43%
Total 7400 Occupancy Expense $ 30,229 $ 32,134 -5.93%
7500 Travel, Meals & Entertainment
7510 Travel - G&A 7,261 425 1610.14%
7515 Meals & Entertainment - G&A 952 724 31.43%
Total 7500 Travel, Meals & Entertainment $ 8,213 $ 1,149 614.94%
7600 Other Expenses
7610 Business Insurance - D&O and Key-Man Life 490 490 0.00%
7613 Business Insurance - EPL 785 785 0.03%
7620 Business Meetings -
7625 Hiring Expense 382
7635 Employee Activities 560 142 294.61%
7640 Charitable Contribution 250
Total 7600 Other Expenses $ 2,468 $ 1,417 74.16%
Total 7000 G&A Expenses $ 182,514 $ 141,158 29.30%
Total 6000 SG&A Expenses $ 336,467 $ 271,370 23.99%
QuickBooks Payments Fees
Total Expenses $ 336,467 $ 271,370 23.99%
Net Operating Income $ 144,729 $ 90,272 60.33%
Other Income
8100 Misc Income 120,022 45 267329.75%
Total Other Income $ 120,022 $ 45 267329.75%
Other Expenses
8500 Gain(Loss) Sale of Assets (33,993) 100%
8510 Misc Expense
8520 Interest Expense 20,437 23,293 -12.26%
8530 Depreciation Expense 42,590 38,618 10.29%
8540 Amortization 2,771 1,604 72.74%
Total Other Expenses $ 65,797 $ 29,523 122.87%
Net Other Income $ 54,225 $ (29,478) 283.95%
Net Income $ 198,954 $ 60,794 227.26% 138,160

Trailing P&L

Etched, LLC
Profit and Loss
July 2020 - June 2021
Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 June 2021 Total
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate $ 62,254 $ 67,576 $ 51,535 $ 99,840 $ 41,178 $ 62,044 $ 67,169 $ 78,824 $ 87,383 $ 65,232 $ 97,115 $ 123,095 $ 903,246
4120 Sales - Aluminum Nameplate 37,321 14,892 20,244 24,679 29,385 25,131 41,326 38,604 25,354 38,087 43,084 41,950 380,057
4122 Sales - The Tube Tag 8,125 0 20,665 (3,287) 25,504
4130 Sales - Nameplate Other 2,135 2,135
4140 Sales - Prep / OT Fees 300 425 250 975
4160 Sales - Discounts (256) (121) (69) (21) (733) (5) (6) (512) (6) (1,728)
4170 Sales - Paddock 24,686 13,651 21,299 44,382 32,853 17,530 154,401
Total 4100 Sales - Manufactured $ 109,836 $ 82,512 $ 71,779 $ 124,944 $ 70,442 $ 87,106 $ 133,161 $ 130,347 $ 134,031 $ 168,361 $ 172,540 $ 179,532 $ 1,464,590
4200 Sales Sourced
4220 Resale - Other 3,560 25,649 10,100 9,281 3,480 9,480 14,955 20,200 10,412 4,140 17,373 37,156 165,785
Total 4200 Sales Sourced $ 3,560 $ 25,649 $ 10,100 $ 9,281 $ 3,480 $ 9,480 $ 14,955 $ 20,200 $ 10,412 $ 4,140 $ 17,373 $ 37,156 $ 165,785
4300 Prepaid Freight Revenue 3,013 2,934 2,022 1,885 1,733 2,249 2,330 4,435 1,151 2,060 3,057 3,116 29,984
Total 4000 Sales $ 116,409 $ 111,096 $ 83,901 $ 136,110 $ 75,654 $ 98,835 $ 150,446 $ 154,982 $ 145,594 $ 174,560 $ 192,970 $ 219,804 $ 1,660,360
Total Income $ 116,409 $ 111,096 $ 83,901 $ 136,110 $ 75,654 $ 98,835 $ 150,446 $ 154,982 $ 145,594 $ 174,560 $ 192,970 $ 219,804 $ 1,660,360
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 10,446 10,258 9,531 27,836 1,642 22,628 13,257 10,760 25,882 17,505 13,217 27,271 190,232
5120 Material Costs - Aluminum Nameplates 7,512 4,090 3,735 4,484 5,845 5,766 6,056 9,705 5,698 19,973 23,196 13,263 109,323
5123 Material Costs - Tube Tag 902 259 2,601 3,761
5130 Material Cost - Adhesive 261 669 72 1,046 (0) - 0 (158) 158 (2,145) (594) 2,449 (396) 1,361
5135 Material Cost - Paint 700 902 831 669 659 589 1,113 827 1,193 757 1,124 1,354 10,720
5140 Material Cost - Resist / Ink 1,944 694 786 638 526 761 682 109 1,091 1,299 1,272 985 10,785
5145 Material Cost - Chem/Solv 2,004 1,334 1,943 1,936 1,045 3,615 2,333 2,321 2,749 2,594 1,746 2,117 25,739
5155 Material Cost - Premask 20 - 0 - 0 - 0 128 (0) 148
Total 5110 Material Cost $ 23,789 $ 17,947 $ 16,899 $ 36,609 $ 9,845 $ 33,358 $ 23,541 $ 23,880 $ 34,467 $ 44,136 $ 43,004 $ 44,594 $ 352,070
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 720 1,260 726 540 540 540 1,080 720 720 720 720 720 9,006
5158 TIM - One-Time Costs 852 40 995 56 1,943
Total 5156 Tag Inventory Mgmt Costs $ 720 $ 1,260 $ 726 $ 1,392 $ 580 $ 1,535 $ 1,136 $ 720 $ 720 $ 720 $ 720 $ 720 $ 10,949
Total 5100 Cost of Sales - Material $ 24,509 $ 19,207 $ 17,625 $ 38,002 $ 10,425 $ 34,893 $ 24,677 $ 24,600 $ 35,187 $ 44,856 $ 43,724 $ 45,314 $ 363,019
5160 Other Material Cost
23211 EOL_ManufacturingVariance 2,308 (1,072) 577 2,461 (70) (1,129) 651 1,416 242 475 (9,748) 1,427 (2,459)
5165 Receipts - Sale of Scrap (2,895) (3,597) (5,397) 0 (5,816) (17,705)
5170 Inbound Freight/Shipping Costs 63 2,993 (89) 532 541 844 576 448 129 87 142 209 6,474
Total 5160 Other Material Cost $ 2,371 $ 1,922 $ (2,407) $ 2,993 $ 471 $ (284) $ (2,370) $ 1,864 $ (5,026) $ 562 $ (9,605) $ (4,179) $ (13,690)
5175 Outbound Freight/Shipping 3,029 4,527 3,049 2,159 2,169 3,232 2,114 4,079 2,369 2,249 4,154 2,627 35,757
5200 Cost of Sales-Subcontract
5210 Tooling Expense 302 287 215 77 872 266 2,017
5215 Subcontract - Other 2,272 2,272
Total 5200 Cost of Sales-Subcontract $ - 0 $ - 0 $ - 0 $ 302 $ 287 $ - 0 $ - 0 $ - 0 $ 215 $ 77 $ 872 $ 2,537 $ 4,289
5250 Cost of Sales - COS - Buy / Resale
5122 Material Cost - Buy/Resale 2,220 18,617 2,312 1,324 1,001 3,500 5,600 15,725 6,001 2,060 8,898 13,084 80,342
Total 5250 Cost of Sales - COS - Buy / Resale $ 2,220 $ 18,617 $ 2,312 $ 1,324 $ 1,001 $ 3,500 $ 5,600 $ 15,725 $ 6,001 $ 2,060 $ 8,898 $ 13,084 $ 80,342
5400 Production Labor
5410 Production Labor - Art 550 1,200 1,625 850 500 850 5,575
5420 Production Labor - Screen
5421 Regular Wages - Screen 3,163 3,024 2,995 3,584 2,173 3,145 3,576 2,770 4,187 1,873 3,981 5,207 39,678
5423 Payroll Taxes - Screen 212 197 203 215 169 243 264 251 372 (72) 299 452 2,806
5425 Insurance - Workers Comp 1,527 (2,825) 1,276 1,276 1,276 5,754 836 1,275 1,275 1,122 1,119 1,119 15,030
Total 5420 Production Labor - Screen $ 4,902 $ 396 $ 4,474 $ 5,075 $ 3,618 $ 9,142 $ 4,677 $ 4,296 $ 5,834 $ 2,923 $ 5,399 $ 6,779 $ 57,515
5430 Production Labor - EPC
5431 Regular Wages - EPC 3,096 2,182 3,807 3,104 1,952 2,511 3,146 1,596 3,567 1,567 2,420 3,101 32,048
5433 Payroll Taxes - EPC 212 192 339 191 189 228 265 168 381 129 200 322 2,816
Total 5430 Production Labor - EPC $ 3,307 $ 2,375 $ 4,146 $ 3,294 $ 2,141 $ 2,739 $ 3,411 $ 1,764 $ 3,948 $ 1,696 $ 2,619 $ 3,424 $ 34,864
5440 Production Labor - Fab
5441 Regular Wages - Fab 9,234 8,104 7,695 12,069 8,038 9,766 12,790 9,984 15,044 6,798 9,162 11,903 120,587
5443 Payroll Taxes - Fab 680 675 603 842 739 841 1,060 964 1,319 460 644 920 9,748
Total 5440 Production Labor - Fab $ 9,915 $ 8,780 $ 8,298 $ 12,911 $ 8,777 $ 10,607 $ 13,850 $ 10,948 $ 16,363 $ 7,258 $ 9,806 $ 12,823 $ 130,336
5450 Production Labor - Shipping
5451 Regular Wages - Shipping
5453 Payroll Taxes - Shipping
Total 5450 Production Labor - Shipping $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
5460 Contract Labor 4,203 3,116 3,068 5,703 1,410 3,103 5,641 4,314 3,578 7,381 7,457 5,443 54,416
Total 5400 Production Labor $ 22,327 $ 14,666 $ 19,986 $ 26,983 $ 15,945 $ 25,591 $ 28,129 $ 22,523 $ 31,347 $ 20,108 $ 25,781 $ 29,319 $ 282,705
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 23 23
5560-2 Equip Maint/Rpr - Screen 283 184 2,293 66 499 304 3,629
5560-3 Equip Maint/Rpr - EPC 5,379 14,084 4,467 1,274 2,453 1,613 682 52 560 78 212 498 31,351
5560-4 Equip Maint/Rpr - Fab 1,141 1,145 1,893 3,712 985 3,969 1,508 551 2,975 2,973 1,791 1,263 23,905
5560-5 Equip Maint/Rpr - Shipping 250 324 115 689
Total 5560 Equip Maint/Rpr $ 6,520 $ 15,229 $ 6,360 $ 5,518 $ 3,438 $ 5,582 $ 2,697 $ 2,896 $ 3,650 $ 3,117 $ 2,525 $ 2,065 $ 59,597
5570 Shop Supplies
5570-1 Shop Supplies - Art 938 938 938 938 938 938 938 130 6,696
5570-2 Shop Supplies - Screen 137 459 177 1,734 589 490 807 518 966 618 1,175 7,669
5570-3 Shop Supplies - EPC 656 261 2,284 513 755 4,588 424 939 472 3,629 412 964 15,898
5570-4 Shop Supplies - Fab 4,136 1,538 1,341 1,743 1,599 5,582 4,129 2,362 2,573 3,380 3,164 3,393 34,939
5570-5 Shop Supplies - Shipping Total 1,484 578 194 1,172 132 210 1,535 886 127 225 1,396 1,953 9,891
Total 5570 Shop Supplies $ 7,350 $ 3,774 $ 3,995 $ 6,100 $ 2,487 $ 11,908 $ 6,578 $ 4,993 $ 4,627 $ 9,138 $ 6,528 $ 7,615 $ 75,093
5600 Other Production Overhead
5620 Building Maint & Repairs 350 300 1,041 102 491 188 3,521 2,854 3,196 6,976 2,944 2,656 24,621
5625 Utilities 3,754 3,920 3,920 3,368 3,689 3,989 4,010 4,271 4,715 4,058 4,568 4,896 49,157
5630 Rental Equipment 554 224 224 225 1,227
5640 Custodial Expense 82 82 82 82 82 82 83 74 75 76 76 76 951
5645 EPA Related Expenses 2,789 501 903 5,041 2,069 7,161 863 1,104 4,662 7,008 2,812 1,324 36,235
5650 Misc Production Expense 160 525 80 1,723 1,110 300 3,898
Total 5600 Other Production Overhead $ 6,975 $ 4,962 $ 5,945 $ 9,118 $ 6,331 $ 11,500 $ 10,753 $ 9,413 $ 12,649 $ 18,342 $ 10,624 $ 9,477 $ 116,090
Total 5500 Production Overhead $ 20,845 $ 23,965 $ 16,300 $ 20,736 $ 12,256 $ 28,991 $ 20,028 $ 17,302 $ 20,927 $ 30,597 $ 19,677 $ 19,157 $ 250,780
Total 5000 Cost of Goods Sold $ 75,301 $ 82,904 $ 56,865 $ 92,497 $ 42,554 $ 95,922 $ 78,179 $ 86,093 $ 91,021 $ 100,509 $ 93,499 $ 107,859 $ 1,003,203
Total Cost of Goods Sold $ 75,301 $ 82,904 $ 56,865 $ 92,497 $ 42,554 $ 95,922 $ 78,179 $ 86,093 $ 91,021 $ 100,509 $ 93,499 $ 107,859 $ 1,003,203
Gross Profit $ 41,108 $ 28,191 $ 27,036 $ 43,613 $ 33,100 $ 2,913 $ 72,267 $ 68,889 $ 54,573 $ 74,051 $ 99,471 $ 111,945 $ 657,157
Expenses 35.31% 25.38% 32.22% 32.04% 43.75% 2.95% 48.04% 44.45% 37.48% 42.42% 51.55% 50.93% 39.58%
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales
6142 Payroll Taxes - Sales
Total 6140 Salaries & Wages - Sales $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
6154 Guaranteed Payments - Sales 15,000 7,500 8,900 7,500 7,500 15,000 15,000 15,000 15,000 15,000 15,000 15,000 151,400
Total 6100 Personnel Costs $ 15,000 $ 7,500 $ 8,900 $ 7,500 $ 7,500 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 151,400
6200 Commissions
6220 Sales - Commissions (External) 2,620 3,083 3,224 2,728 4,010 4,379 10,431 8,400 6,842 12,168 10,501 7,055 75,442
Total 6200 Commissions $ 2,620 $ 3,083 $ 3,224 $ 2,728 $ 4,010 $ 4,379 $ 10,431 $ 8,400 $ 6,842 $ 12,168 $ 10,501 $ 7,055 $ 75,442
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 232 662 278 318 984 1,113 3,587
6320 Meals & Entertainment - Sales 19 48 19 161 223 401 871
Total 6300 Travel, Meals & Entertainment - Sales $ - 0 $ 19 $ - 0 $ 232 $ - 0 $ - 0 $ 710 $ 19 $ 278 $ 480 $ 1,207 $ 1,514 $ 4,457
6400 Marketing Expense 6,635 7,326 9,192 8,470 8,564 438 324 324 627 913 1,234 716 44,763
6600 Other Sales Expenses
6610 IT Expense - Sales 15 15 15 15 780 22 25 15 15 15 15 126 1,073
6620 Dues / Subscriptions 180 180 180 180 720
Total 6600 Other Sales Expenses $ 195 $ 195 $ 195 $ 195 $ 780 $ 22 $ 25 $ 15 $ 15 $ 15 $ 15 $ 126 $ 1,793
Total 6005 Sales Expenses $ 24,450 $ 18,123 $ 21,511 $ 19,126 $ 20,854 $ 19,839 $ 26,489 $ 23,758 $ 22,762 $ 28,576 $ 27,957 $ 24,411 $ 277,855
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 220 220 220 220 320 320 320 320 320 (207) 320 320 2,912
7130 Guaranteed Payments - Admin 15,000 7,500 8,500 7,500 7,500 15,000 15,000 15,000 15,000 15,000 15,000 15,000 151,000
Total 7100 Personnel Cost $ 15,220 $ 7,720 $ 8,720 $ 7,720 $ 7,820 $ 15,320 $ 15,320 $ 15,320 $ 15,320 $ 14,793 $ 15,320 $ 15,320 $ 153,912
7200 Office Expenses
7210 Office Supplies 697 141 135 (657) 350 455 263 773 281 164 1,201 273 4,076
7212 Small Equipment Expense
7215 Dues & Subscrip 84 94 114 84 84 84 84 114 84 84 84 94 1,090
7220 Postage Expense 100 12 111
7225 Bank Fees 195 255 558 195 235 247 264 566 399 263 242 238 3,657
7230 IT Expense - G&A 853 386 1,320 530 386 1,251 817 1,572 1,284 1,284 1,097 1,252 12,034
7235 Business Taxes 1,256 133 (133) 883 2,204 4,344
Total 7200 Office Expenses $ 3,086 $ 976 $ 2,127 $ 153 $ 1,055 $ 2,170 $ 1,296 $ 3,909 $ 2,060 $ 1,795 $ 4,828 $ 1,858 $ 25,313
7300 Professional Fees
7310 Accounting 2,500 3,768 5,378 3,670 2,500 2,500 2,500 2,500 4,778 3,231 3,621 2,500 39,445
7315 Legal 455 8 773 1,714 6,389 1,064 396 5,000 15,799
Total 7300 Professional Fees $ 2,500 $ 3,768 $ 5,378 $ 3,670 $ 2,955 $ 2,508 $ 3,273 $ 4,214 $ 11,166 $ 4,295 $ 4,017 $ 7,500 $ 55,244
7400 Occupancy Expense
7410 Rent 4,090 4,090 4,090 4,090 4,090 4,090 4,090 4,090 4,090 4,090 4,090 (3,654) 41,332
7415 Telephone Expense 239 269 263 239 239 239 (276) 220 262 249 249 249 2,440
7420 Business Insurance - Property & Casualty 548 420 420 420 927 420 419 419 419 419 1,160 467 6,457
7425 Real Estate/Personal Property Taxes 825 825 825 825 7,940 1,350 1,350 1,350 1,350 2,429 1,350 20,419
Total 7400 Occupancy Expense $ 5,701 $ 5,603 $ 5,598 $ 5,573 $ 13,195 $ 4,748 $ 5,582 $ 6,079 $ 6,121 $ 6,108 $ 7,927 $ (1,588) $ 70,647
7500 Travel, Meals & Entertainment
7510 Travel - G&A 15 51 711 2,100 2,406 721 143 1,038 854 8,038
7515 Meals & Entertainment - G&A 124 107 91 261 132 380 360 110 92 152 237 2,046
Total 7500 Travel, Meals & Entertainment $ 139 $ 107 $ 91 $ 261 $ 183 $ 1,091 $ 2,460 $ 2,516 $ 721 $ 235 $ 1,190 $ 1,091 $ 10,084
7600 Other Expenses
7610 Business Insurance - D&O and Key-Man Life 82 82 82 82 82 82 82 82 82 82 82 82 981
7613 Business Insurance - EPL 131 131 131 131 131 139 131 131 131 131 131 131 1,578
7625 Hiring Expense 24 52 299 99 245 78 59 856
7635 Employee Activities 96 125 5 531 24 781
7640 Charitable Contribution 250 250
Total 7600 Other Expenses $ 213 $ 236 $ 264 $ 512 $ 407 $ 345 $ 217 $ 989 $ 213 $ 213 $ 291 $ 546 $ 4,446
Total 7000 G&A Expenses $ 26,859 $ 18,410 $ 22,177 $ 17,888 $ 25,615 $ 26,183 $ 28,149 $ 33,026 $ 35,601 $ 27,439 $ 33,573 $ 24,726 $ 319,645
Total 6000 SG&A Expenses $ 51,309 $ 36,532 $ 43,688 $ 37,013 $ 46,469 $ 46,021 $ 54,637 $ 56,784 $ 58,363 $ 56,015 $ 61,530 $ 49,138 $ 597,500
QuickBooks Payments Fees - 0 - 0 0
Total Expenses $ 51,309 $ 36,532 $ 43,688 $ 37,013 $ 46,469 $ 46,021 $ 54,637 $ 56,784 $ 58,363 $ 56,015 $ 61,530 $ 49,138 $ 597,500
Net Operating Income $ (10,201) $ (8,341) $ (16,653) $ 6,599 $ (13,369) $ (43,108) $ 17,630 $ 12,104 $ (3,790) $ 18,037 $ 37,941 $ 62,807 $ 59,656
Other Income
8100 Misc Income 7 6 8 11 7 174,514 8 9,008 9,012 8 926 101,061 294,575
Total Other Income $ 7 $ 6 $ 8 $ 11 $ 7 $ 174,514 $ 8 $ 9,008 $ 9,012 $ 8 $ 926 $ 101,061 $ 294,575
Other Expenses
8500 Gain(Loss) Sale of Assets (11,808) (11,808) (11,808) 70,848 35,424
8510 Misc Expense -
8520 Interest Expense 3,946 3,996 3,859 3,912 3,866 3,027 3,596 3,027 2,991 4,238 3,214 3,371 43,043
8530 Depreciation Expense 6,421 6,421 6,560 6,560 7,019 6,972 7,059 7,059 7,118 7,118 7,118 7,118 82,544
8540 Amortization 267 267 267 267 267 267 462 462 462 462 462 462 4,374
Total Other Expenses $ (1,174) $ (1,124) $ (1,121) $ 10,739 $ 11,153 $ 81,115 $ 11,118 $ 10,548 $ 10,570 $ 11,817 $ 10,794 $ 10,950 $ 165,385
Net Other Income $ 1,181 $ 1,130 $ 1,129 $ (10,729) $ (11,146) $ 93,400 $ (11,110) $ (1,540) $ (1,558) $ (11,809) $ (9,868) $ 90,111 $ 129,191
Net Income $ (9,020) $ (7,210) $ (15,523) $ (4,129) $ (24,515) $ 50,292 $ 6,520 $ 10,564 $ (5,348) $ 6,227 $ 28,073 $ 152,917 $ 188,847

P&L - Trailing 12

Etched, LLC
Profit and Loss - Trailing 12 Months
July 2020 - June 2021
Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 Total
Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income Current % of Income
Income
4000 Sales
4100 Sales - Manufactured
4110 Sales - Stainless Steel Nameplate 62,254 67,576 51,535 99,840 41,178 62,044 67,169 78,824 87,383 65,232 97,115 123,095 903,245.69 54.40%
4120 Sales - Aluminum Nameplate 37,321 14,892 20,244 24,679 29,385 25,131 41,326 38,604 25,354 38,087 43,084 41,950 380,057.26 22.89%
4122 Sales - The Tube Tag 8,125 0 20,665 (3,287) 25,504.27 1.54%
4130 Sales - Nameplate Other 2,135 2,135.00
4140 Sales - Prep / OT Fees 300 425 250 975.00 0.06%
4160 Sales - Discounts (256) (121) (69) (21) (733) (5) (6) (512) (6) (1,728.16) -0.10%
4170 Sales - Paddock 24,686 13,651 21,299 44,382 32,853 17,530 154,401.22 9.30%
Total 4100 Sales - Manufactured $109,835.76 94.35% $82,512.23 74.27% $71,779.00 85.55% $124,943.91 91.80% $70,441.76 93.11% $87,106.19 88.13% $133,160.93 88.51% $130,347.19 84.10% $134,031.28 92.06% $168,360.62 96.45% $172,539.60 89.41% $179,531.81 81.68% $ 1,464,590.28 88.21%
4200 Sales Sourced
4220 Resale - Other 3,560 25,649 10,100 9,281 3,480 9,480 14,955 20,200 10,412 4,140 17,373 37,156 165,785.24 9.98%
Total 4200 Sales Sourced $ 3,560.00 3.06% $ 25,649.25 23.09% $ 10,100.00 12.04% $ 9,280.70 6.82% $ 3,480.00 4.60% $ 9,480.00 9.59% $ 14,954.76 9.94% $ 20,199.53 13.03% $ 10,412.00 7.15% $ 4,140.00 2.37% $ 17,373.00 9.00% $ 37,156.00 16.90% $ 165,785.24 9.98%
4300 Prepaid Freight Revenue 3,013 2,934 2,022 1,885 1,733 2,249 2,330 4,435 1,151 2,060 3,057 3,116 29,984.09 1.81%
Total 4000 Sales $ 116,408.54 100.00% $ 111,095.51 100.00% $ 83,900.81 100.00% $ 136,110.02 100.00% $ 75,654.35 100.00% $ 98,835.13 100.00% $ 150,445.68 100.00% $ 154,981.58 100.00% $ 145,593.91 100.00% $ 174,560.13 100.00% $ 192,970.08 100.00% $ 219,803.87 100.00% $ 1,660,359.61 100.00%
4250 Sales Discounts and Allowances 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total Income $ 116,408.54 100.00% $ 111,095.51 100.00% $ 83,900.81 100.00% $ 136,110.02 100.00% $ 75,654.35 100.00% $ 98,835.13 100.00% $ 150,445.68 100.00% $ 154,981.58 100.00% $ 145,593.91 100.00% $ 174,560.13 100.00% $ 192,970.08 100.00% $ 219,803.87 100.00% $ 1,660,359.61 100.00%
Cost of Goods Sold
5000 Cost of Goods Sold
5100 Cost of Sales - Material
5110 Material Cost
5115 Material Costs - Stainless Steel Nameplates 10,446 8.97% 10,258 9.23% 9,531 11.36% 27,836 20.45% 1,642 2.17% 22,628 22.89% 13,257 8.81% 10,760 6.94% 25,882 17.78% 17,505 10.03% 13,217 6.85% 27,271 12.41% 190,232.17 11.46%
5120 Material Costs - Aluminum Nameplates 7,512 6.45% 4,090 3.68% 3,735 4.45% 4,484 3.29% 5,845 7.73% 5,766 5.83% 6,056 4.03% 9,705 6.26% 5,698 3.91% 19,973 11.44% 23,196 12.02% 13,263 6.03% 109,323.27 6.58%
5123 Tube Tag - COGS 902 0.77% 0.00% 0.00% 0.00% 0.00% 0.00% 259 0.17% 0.00% 0.00% 2,601 1.49% 0.00% 0.00% 3,761.26 0.23%
5130 Material Cost - Adhesive 261 0.22% 669 0.60% 72 0.09% 1,046 0.77% (0) -0.00% 0 0.00% (158) -0.11% 158 0.10% (2,145) -1.47% (594) -0.34% 2,449 1.27% (396) -0.18% 1,361.31 0.08%
5135 Material Cost - Paint 700 0.60% 902 0.81% 831 0.99% 669 0.49% 659 0.87% 589 0.60% 1,113 0.74% 827 0.53% 1,193 0.82% 757 0.43% 1,124 0.58% 1,354 0.62% 10,720.06 0.65%
5140 Material Cost - Resist / Ink 1,944 1.67% 694 0.62% 786 0.94% 638 0.47% 526 0.70% 761 0.77% 682 0.45% 109 0.07% 1,091 0.75% 1,299 0.74% 1,272 0.66% 985 0.45% 10,785.10 0.65%
5145 Material Cost - Chem/Solv 2,004 1.72% 1,334 1.20% 1,943 2.32% 1,936 1.42% 1,045 1.38% 3,615 3.66% 2,333 1.55% 2,321 1.50% 2,749 1.89% 2,594 1.49% 1,746 0.90% 2,117 0.96% 25,739.03 1.55%
5155 Material Cost - Premask 20 0.02% 0 0.00% 0 0.00% 0 0.00% 128 0.17% 0.00% 0.00% (0) -0.00% 0.00% 0.00% 0.00% 0.00% 147.83 0.01%
Total 5110 Material Cost $ 23,789.02 20.44% $ 17,947.15 16.15% $ 16,898.79 20.14% $ 36,609.50 26.90% $ 9,845.04 13.01% $ 33,358.37 33.75% $ 23,540.82 15.65% $ 23,880.33 15.41% $ 34,467.39 23.67% $ 44,135.69 25.28% $ 43,003.96 22.29% $ 44,593.97 20.29% $ 352,070.03 21.20%
5156 Tag Inventory Mgmt Costs
5157 TIM - Reoccurring Costs 720 0.62% 1,260 1.13% 726 0.87% 540 0.40% 540 0.71% 540 0.55% 1,080 0.72% 720 0.46% 720 0.49% 720 0.41% 720 0.37% 720 0.33% 9,006.30 0.54%
5158 TIM - One-Time Costs 0.00% 0.00% 0.00% 852 0.63% 40 0.05% 995 1.01% 56 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 1,943.08 0.12%
Total 5156 Tag Inventory Mgmt Costs $ 720.00 0.62% $ 1,260.00 1.13% $ 726.30 0.87% $ 1,392.08 1.02% $ 579.99 0.77% $ 1,535.00 1.55% $ 1,136.01 0.76% $ 720.00 0.46% $ 720.00 0.49% $ 720.00 0.41% $ 720.00 0.37% $ 720.00 0.33% $ 10,949.38 0.66%
Total 5100 Cost of Sales - Material $ 24,509.02 21.05% $ 19,207.15 17.29% $ 17,625.09 21.01% $ 38,001.58 27.92% $ 10,425.03 13.78% $ 34,893.37 35.30% $ 24,676.83 16.40% $ 24,600.33 15.87% $ 35,187.39 24.17% $ 44,855.69 25.70% $ 43,723.96 22.66% $ 45,313.97 20.62% $ 363,019.41 21.86%
5160 Other Material Cost
23211 EOL_ManufacturingVariance 2,308 1.98% (1,072) -0.96% 577 0.69% 2,461 1.81% (70) -0.09% (1,129) -1.14% 651 0.43% 1,416 0.91% 242 0.17% 475 0.27% (9,748) -5.05% 1,427 0.65% (2,458.85) -0.15%
5165 Receipts - Sale of Scrap 0.00% 0.00% (2,895) -3.45% 0.00% 0.00% 0.00% (3,597) -2.39% 0.00% (5,397) -3.71% 0 0.00% 0.00% (5,816) -2.65% (17,705.07) -1.07%
5170 Inbound Freight/Shipping Costs 63 0.05% 2,993 2.69% (89) -0.11% 532 0.39% 541 0.71% 844 0.85% 576 0.38% 448 0.29% 129 0.09% 87 0.05% 142 0.07% 209 0.10% 6,474.31 0.39%
Total 5160 Other Material Cost $ 2,371.13 2.04% $ 1,921.84 1.73% $ (2,407.11) -2.87% $ 2,992.60 2.20% $ 471.13 0.62% $ (284.44) -0.29% $ (2,369.93) -1.58% $ 1,864.00 1.20% $ (5,025.95) -3.45% $ 562.02 0.32% $ (9,605.46) -4.98% $ (4,179.44) -1.90% $ (13,689.61) -0.82%
5175 Outbound Freight/Shipping 3,029 2.60% 4,527 4.07% 3,049 3.63% 2,159 1.59% 2,169 2.87% 3,232 3.27% 2,114 1.41% 4,079 2.63% 2,369 1.63% 2,249 1.29% 4,154 2.15% 2,627 1.20% 35,757.32 2.15%
5200 Cost of Sales-Subcontract 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5210 Tooling Expense 0.00% 0.00% 0.00% 302 0.22% 287 0.38% 0.00% 0.00% 0.00% 215 0.15% 77 0.04% 872 0.45% 266 0.12% 2,017.32 0.12%
5215 Subcontract - Other 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,272 1.03% 2,271.50
Total 5200 Cost of Sales-Subcontract $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ 301.50 0.22% $ 287.10 0.38% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ 215.10 0.15% $ 76.50 0.04% $ 871.62 0.45% $ 2,537.00 1.15% $ 4,288.82 0.26%
5250 Cost of Sales - COS - Buy / Resale
5122 Material Cost - Buy/Resale 2,220 1.91% 18,617 16.76% 2,312 2.76% 1,324 0.97% 1,001 1.32% 3,500 3.54% 5,600 3.72% 15,725 10.15% 6,001 4.12% 2,060 1.18% 8,898 4.61% 13,084 5.95% 80,341.79 4.84%
Total 5250 Cost of Sales - COS - Buy / Resale $ 2,219.83 1.91% $ 18,617.31 16.76% $ 2,311.75 2.76% $ 1,323.82 0.97% $ 1,001.10 1.32% $ 3,500.00 3.54% $ 5,600.36 3.72% $ 15,725.01 10.15% $ 6,000.75 4.12% $ 2,060.00 1.18% $ 8,897.51 4.61% $ 13,084.35 5.95% $ 80,341.79 4.84%
5300 Cost of Sales Sourced
5315 Onsite Engineering Time
Total 5300 Cost of Sales Sourced $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
5400 Production Labor
5410 Production Labor - Art 550 1,200 1,625 850 500 850 5,575.00 0.34%
5420 Production Labor - Screen 0.00%
5421 Regular Wages - Screen 3,163 3,024 2,995 3,584 2,173 3,145 3,576 2,770 4,187 1,873 3,981 5,207 39,678.34 2.39%
5423 Payroll Taxes - Screen 212 197 203 215 169 243 264 251 372 (72) 299 452 2,806.25 0.17%
5425 Insurance - Workers Comp 1,527 (2,825) 1,276 1,276 1,276 5,754 836 1,275 1,275 1,122 1,119 1,119 15,029.98 0.91%
Total 5420 Production Labor - Screen $ 4,902.05 4.21% $ 396.35 0.36% $ 4,474.23 5.33% $ 5,074.52 3.73% $ 3,617.78 4.78% $ 9,142.30 9.25% $ 4,676.80 3.11% $ 4,296.13 2.77% $ 5,833.78 4.01% $ 2,923.25 1.67% $ 5,398.53 2.80% $ 6,778.85 3.08% $ 57,514.57 3.46%
5430 Production Labor - EPC
5431 Regular Wages - EPC 3,096 2,182 3,807 3,104 1,952 2,511 3,146 1,596 3,567 1,567 2,420 3,101 32,047.98 1.93%
5433 Payroll Taxes - EPC 212 192 339 191 189 228 265 168 381 129 200 322 2,815.77 0.17%
Total 5430 Production Labor - EPC $ 3,307.40 2.84% $ 2,374.51 2.14% $ 4,145.94 4.94% $ 3,294.14 2.42% $ 2,141.15 2.83% $ 2,738.99 2.77% $ 3,410.78 2.27% $ 1,764.12 1.14% $ 3,947.78 2.71% $ 1,695.65 0.97% $ 2,619.33 1.36% $ 3,423.96 1.56% $ 34,863.75 2.10%
5440 Production Labor - Fab
5441 Regular Wages - Fab 9,234 8,104 7,695 12,069 8,038 9,766 12,790 9,984 15,044 6,798 9,162 11,903 120,587.32 7.26%
5443 Payroll Taxes - Fab 680 675 603 842 739 841 1,060 964 1,319 460 644 920 9,748.44 0.59%
Total 5440 Production Labor - Fab $ 9,914.94 8.52% $ 8,779.73 7.90% $ 8,297.74 9.89% $ 12,911.13 9.49% $ 8,776.50 11.60% $ 10,606.62 10.73% $ 13,850.08 9.21% $ 10,948.36 7.06% $ 16,363.16 11.24% $ 7,258.46 4.16% $ 9,805.88 5.08% $ 12,823.16 5.83% $ 130,335.76 7.85%
5450 Production Labor - Shipping
5451 Regular Wages - Shipping 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00%
5453 Payroll Taxes - Shipping 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00%
Total 5450 Production Labor - Shipping $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00%
5460 Contract Labor 4,203 466.02% 3,116 3,068 5,703 1,410 3,103 5,641 2180.35% 4,314 3,578 7,381 283.81% 7,457 5,443 54,416.25 3.28%
Total 5400 Production Labor $22,327.43 19.18% $14,666.14 13.20% $19,986.25 23.82% $26,982.68 19.82% $15,945.33 21.08% $25,590.51 25.89% $28,128.87 18.70% $22,522.65 14.53% $31,347.35 21.53% $20,108.10 11.52% $25,780.76 13.36% $29,319.26 13.34% $282,705.33 17.03%
5500 Production Overhead
5560 Equip Maint/Rpr
5560-1 Equip Maint/Rpr - Art 0.00% 0.00% 0.00% 23 23.31
5560-2 Equip Maint/Rpr - Screen 0.00% 283 184 71.12% 2,293 66 2.56% 499 304 3,629.02 0.22%
5560-3 Equip Maint/Rpr - EPC 5,379 596.40% 14,084 4,467 1,274 2,453 1,613 682 263.45% 52 560 78 3.00% 212 498 31,351.13 1.89%
5560-4 Equip Maint/Rpr - Fab 1,141 126.50% 1,145 1,893 3,712 985 3,969 1,508 582.67% 551 2,975 2,973 114.31% 1,791 1,263 23,905.46 1.44%
5560-5 Equip Maint/Rpr - Shipping 0.00% 250 324 125.10% 115 0.00% 688.51 0.04%
Total 5560 Equip Maint/Rpr $ 6,519.87 5.60% $ 15,228.71 13.71% $ 6,360.03 7.58% $ 5,518.39 4.05% $ 3,438.22 4.54% $ 5,582.26 5.65% $ 2,696.85 1.79% $ 2,895.66 1.87% $ 3,650.22 2.51% $ 3,117.48 1.79% $ 2,524.85 1.31% $ 2,064.89 0.94% $ 59,597.43 3.59%
5570 Shop Supplies
5570-1 Shop Supplies - Art 938 104.00% 938 938 938 0.00% 938 938 36.07% 938 130 6,696.00 0.40%
5570-2 Shop Supplies - Screen 137 15.16% 459 177 1,734 589 490 189.35% 807 518 966 37.13% 618 1,175 7,669.45 0.46%
5570-3 Shop Supplies - EPC 656 72.71% 261 2,284 513 755 4,588 424 163.94% 939 472 3,629 139.54% 412 964 15,897.53 0.96%
5570-4 Shop Supplies - Fab 4,136 458.56% 1,538 1,341 1,743 1,599 5,582 4,129 1596.04% 2,362 2,573 3,380 129.97% 3,164 3,393 34,938.94 2.10%
5570-5 Shop Supplies - Shipping Total 1,484 164.50% 578 194 1,172 132 210 1,535 593.09% 886 127 225 8.65% 1,396 1,953 9,890.62 0.60%
Total 5570 Shop Supplies $ 7,349.96 6.31% $ 3,774.09 3.40% $ 3,995.10 4.76% $ 6,099.90 4.48% $ 2,486.58 3.29% $ 11,907.90 12.05% $ 6,578.00 4.37% $ 4,993.35 3.22% $ 4,627.00 3.18% $ 9,137.61 5.23% $ 6,527.88 3.38% $ 7,615.17 3.46% $ 75,092.54 4.52%
5600 Other Production Overhead
5610 Production - Travel 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00% 0.00% 0.00
5615 Production - Meals&Entert 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00% 0.00% 0.00 0.00%
5620 Building Maint & Repairs 350 50.05% 300 33.22% 1,041 125.15% 102 15.29% 491 74.54% 188 31.97% 3,521 316.28% 2,854 344.92% 3,196 267.99% 6,976 920.98% 2,944 262.04% 2,656 196.12% 24,621.34 1.48%
5625 Utilities 3,754 536.24% 3,920 434.82% 3,920 471.46% 3,368 503.20% 3,689 559.58% 3,989 677.08% 4,010 360.14% 4,271 516.10% 4,715 395.33% 4,058 535.67% 4,568 406.50% 4,896 361.44% 49,157.34 2.96%
5630 Rental Equipment 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 554 49.78% 0.00% 0.00% 224 29.60% 224 19.95% 225 16.59% 1,227.30
5640 Custodial Expense 82 11.67% 82 9.06% 82 9.83% 82 12.19% 82 12.36% 82 13.89% 83 7.43% 74 8.97% 75 6.31% 76 10.05% 76 6.75% 76 5.64% 950.55 0.06%
5645 EPA Related Expenses 2,789 398.34% 501 55.51% 903 108.57% 5,041 753.28% 2,069 313.76% 7,161 1215.32% 863 77.50% 1,104 133.38% 4,662 390.90% 7,008 925.18% 2,812 250.27% 1,324 97.73% 36,235.48 2.18%
5650 Misc Production Expense 0.00% 160 17.75% 0.00% 525 78.44% 0.00% 80 13.58% 1,723 154.75% 1,110 134.14% 0.00% 0.00% 0.00% 300 22.15% 3,897.90 0.23%
Total 5600 Other Production Overhead $6,974.89 5.99% $4,962.20 4.47% $5,944.96 7.09% $9,118.08 6.70% $6,331.08 8.37% $11,500.43 11.64% $10,753.36 7.15% $9,412.73 6.07% $12,649.31 8.69% $18,341.85 10.51% $10,624.05 5.51% $9,476.97 4.31% $116,089.91 6.99%
Total 5500 Production Overhead $20,844.72 17.91% $23,965.00 21.57% $16,300.09 19.43% $20,736.37 15.24% $12,255.88 16.20% $28,990.59 29.33% $20,028.21 13.31% $17,301.74 11.16% $20,926.53 14.37% $30,596.94 17.53% $19,676.78 10.20% $19,157.03 8.72% $250,779.88 15.10%
Total 5000 Cost of Goods Sold $75,300.82 64.69% $82,904.13 74.62% $56,865.08 67.78% $92,497.26 67.96% $42,554.40 56.25% $95,921.75 97.05% $78,178.66 51.96% $86,093.08 55.55% $91,020.57 62.52% $100,508.64 57.58% $93,499.18 48.45% $107,859.37 49.07% $1,003,202.94 60.42%
Total Cost of Goods Sold $75,300.82 64.69% $82,904.13 74.62% $56,865.08 67.78% $92,497.26 67.96% $42,554.40 56.25% $95,921.75 97.05% $78,178.66 51.96% $86,093.08 55.55% $91,020.57 62.52% $100,508.64 57.58% $93,499.18 48.45% $107,859.37 49.07% $1,003,202.94 60.42%
Gross Profit $41,107.72 35.31% $28,191.38 25.38% $27,035.73 32.22% $43,612.76 32.04% $33,099.95 43.75% $2,913.38 2.95% $72,267.02 48.04% $68,888.50 44.45% $54,573.34 37.48% $74,051.49 42.42% $99,470.90 51.55% $111,944.50 50.93% $657,156.67 39.58%
Expenses
6000 SG&A Expenses
6005 Sales Expenses
6100 Personnel Costs
6140 Salaries & Wages - Sales
6141 Regular Wages - Sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00%
6142 Payroll Taxes - Sales 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00%
Total 6140 Salaries & Wages - Sales $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00% $ - 0 0.00%
6154 Guaranteed Payments - Sales 15,000 63.05% 7,500 41.79% 8,900 52.67% 7,500 20.49% 7,500 76.18% 15,000 44.97% 15,000 63.72% 15,000 62.81% 15,000 43.52% 15,000 33.99% 15,000 34.88% 15,000 33.64% 151,400.00 9.12%
Total 6100 Personnel Costs $ 15,000.00 12.89% $ 7,500.00 6.75% $ 8,900.00 10.61% $ 7,500.00 5.51% $ 7,500.00 9.91% $ 15,000.00 15.18% $ 15,000.00 9.97% $ 15,000.00 9.68% $ 15,000.00 10.30% $ 15,000.00 8.59% $ 15,000.00 7.77% $ 15,000.00 6.82% $ 151,400.00 9.12%
6200 Commissions 0.00
6220 Sales - Commissions (External) 2,620 11.01% 3,083 17.18% 3,224 19.08% 2,728 7.45% 4,010 40.73% 4,379 13.13% 10,431 44.31% 8,400 35.18% 6,842 19.85% 12,168 27.57% 10,501 24.42% 7,055 15.82% 75,441.55 4.54%
Total 6200 Commissions $ 2,620.01 2.25% $ 3,082.57 2.77% $ 3,223.76 3.84% $ 2,728.27 2.00% $ 4,010.22 5.30% $ 4,379.03 4.43% $ 10,430.64 6.93% $ 8,400.28 5.42% $ 6,841.98 4.70% $ 12,168.40 6.97% $ 10,501.17 5.44% $ 7,055.22 3.21% $ 75,441.55 4.54%
6300 Travel, Meals & Entertainment - Sales
6310 Travel - Sales 0.00% 0.00% 0.00% 232 0.63% 0.00% 0.00% 662 2.81% 0.00% 278 0.81% 318 0.72% 984 2.29% 1,113 2.50% 3,586.83 0.22%
6320 Meals & Entertainment - Sales 0.00% 19 0.10% 0.00% 0.00% 0.00% 0.00% 48 0.20% 19 0.08% 0.00% 161 0.37% 223 0.52% 401 0.90% 870.64 0.05%
Total 6300 Travel, Meals & Entertainment - Sales $ - 0 0.00% $ 18.63 0.02% $ - 0 0.00% $ 231.82 0.17% $ - 0 0.00% $ - 0 0.00% $ 709.54 0.47% $ 18.58 0.01% $ 278.26 0.19% $ 479.70 0.27% $ 1,206.84 0.63% $ 1,514.10 0.69% $ 4,457.47 0.27%
6400 Marketing Expense 6,635 27.89% 7,326 40.82% 9,192 54.40% 8,470 23.14% 8,564 86.99% 438 1.31% 324 1.38% 324 1.36% 627 1.82% 913 2.07% 1,234 2.87% 716 1.61% 44,763.48 2.70%
6600 Other Sales Expenses 0.00
6610 IT Expense - Sales 15 0.06% 15 0.08% 15 0.09% 15 0.04% 780 7.92% 22 0.07% 25 0.10% 15 0.06% 15 0.04% 15 0.03% 15 0.03% 126 0.28% 1,072.77 0.06%
6620 Dues / Subscriptions 180 0.76% 180 1.00% 180 1.07% 180 0.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 720.00 0.04%
6630 Sales Freight Expense 0.00 0.00%
Total 6600 Other Sales Expenses $ 194.99 0.17% $ 194.99 0.18% $ 194.99 0.23% $ 194.99 0.14% $ 779.84 1.03% $ 22.17 0.02% $ 24.70 0.02% $ 14.99 0.01% $ 14.99 0.01% $ 14.99 0.01% $ 14.99 0.01% $ 126.14 0.06% $ 1,792.77 0.11%
Total 6005 Sales Expenses $ 24,450.00 21.00% $ 18,122.50 16.31% $ 21,510.92 25.64% $ 19,125.52 14.05% $ 20,854.34 27.57% $ 19,838.80 20.07% $ 26,488.88 17.61% $ 23,757.85 15.33% $ 22,762.23 15.63% $ 28,575.77 16.37% $ 27,957.00 14.49% $ 24,411.46 11.11% $ 277,855.27 16.73%
7000 G&A Expenses
7100 Personnel Cost
7125 Health Insurance - Admin 220 220 220 220 320 320 320 320 320 (207) 320 320 2,912.00 0.18%
7130 Guaranteed Payments - Admin 15,000 7,500 8,500 7,500 7,500 15,000 15,000 15,000 15,000 15,000 15,000 15,000 151,000.00 9.09%
Total 7100 Personnel Cost $ 15,219.92 13.07% $ 7,719.92 6.95% $ 8,719.92 10.39% $ 7,719.92 5.67% $ 7,819.91 10.34% $ 15,319.91 15.50% $ 15,319.91 10.18% $ 15,319.91 9.88% $ 15,319.91 10.52% $ 14,792.95 8.47% $ 15,319.91 7.94% $ 15,319.91 6.97% $ 153,912.00 9.27%
7200 Office Expenses
7210 Office Supplies 697 141 135 (657) 350 455 263 773 281 164 1,201 273 4,075.92 0.25%
7212 Small Equipment Expense 0.00 0.00%
7215 Dues & Subscrip 84 11.69% 94 7.49% 114 15.69% 84 15.58% 84 15.58% 84 15.58% 84 7.79% 114 15.85% 84 11.69% 84 11.69% 84 11.69% 94 13.10% 1,090.00 0.07%
7220 Postage Expense 0.00% 100 7.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12 1.64% 0.00% 0.00% 0.00% 111.46 0.01%
7225 Bank Fees 195 27.11% 255 20.23% 558 76.86% 195 36.08% 235 43.47% 247 45.71% 264 24.49% 566 78.66% 399 55.42% 263 36.53% 242 33.55% 238 33.08% 3,657.38 0.22%
7230 IT Expense - G&A 853 118.51% 386 30.65% 1,320 181.80% 530 98.22% 386 71.51% 1,251 231.72% 817 75.67% 1,572 218.34% 1,284 178.36% 1,284 178.36% 1,097 152.41% 1,252 173.83% 12,034.31 0.72%
7235 Business Taxes 1,256 174.51% 0.00% 0.00% 0.00% 0.00% 133 24.63% (133) -12.31% 883 122.68% 0.00% 0.00% 2,204 306.11% 0.00% 4,343.75 0.26%
Total 7200 Office Expenses $ 3,086.30 2.65% $ 975.84 0.88% $ 2,127.41 2.54% $ 152.77 0.11% $ 1,055.18 1.39% $ 2,169.87 2.20% $ 1,295.77 0.86% $ 3,909.00 2.52% $ 2,060.07 1.41% $ 1,795.46 1.03% $ 4,827.64 2.50% $ 1,857.51 0.85% $ 25,312.82 1.52%
7300 Professional Fees
7310 Accounting 2,500 347.22% 3,768 299.01% 5,378 740.40% 3,670 679.63% 2,500 462.96% 2,500 462.96% 2,500 231.48% 2,500 347.22% 4,778 663.54% 3,231 448.78% 3,621 502.95% 2,500 347.22% 39,445.00 2.38%
7310 Legal 0.00% 0.00% 0.00% 0.00% 455 84.26% 8 1.53% 773 71.57% 1,714 237.99% 6,389 887.35% 1,064 147.78% 396 55.00% 5,000 694.44% 15,798.67 0.95%
Total 7300 Professional Fees $ 2,500.00 2.15% $ 3,767.50 3.39% $ 5,377.50 6.41% $ 3,670.00 2.70% $ 2,955.00 3.91% $ 2,508.25 2.54% $ 3,273.00 2.18% $ 4,213.50 2.72% $ 11,166.42 7.67% $ 4,295.25 2.46% $ 4,017.25 2.08% $ 7,500.00 3.41% $ 55,243.67 3.33%
7400 Occupancy Expense
7410 Rent 4,090 567.99% 4,090 324.57% 4,090 563.07% 4,090 757.33% 4,090 757.33% 4,090 757.33% 4,090 378.66% 4,090 567.99% 4,090 567.99% 4,090 567.99% 4,090 567.99% (3,654) -507.45% 41,331.51 2.49%
7415 Telephone Expense 239 33.14% 269 21.33% 263 36.25% 239 44.19% 239 44.19% 239 44.19% (276) -25.60% 220 30.56% 262 36.45% 249 34.59% 249 34.59% 249 34.59% 2,439.75 0.15%
7420 Business Insurance - Property & Casualty 548 76.06% 420 33.33% 420 57.82% 420 77.76% 927 171.59% 420 77.76% 419 38.81% 419 58.22% 419 58.22% 419 58.22% 1,160 161.04% 467 64.82% 6,456.90 0.39%
7425 Real Estate/Personal Property Taxes 825 114.58% 825 65.48% 825 113.59% 825 152.78% 7,940 1470.42% 0.00% 1,350 125.00% 1,350 187.50% 1,350 187.50% 1,350 187.50% 2,429 337.34% 1,350 187.50% 20,419.14 1.23%
Total 7400 Occupancy Expense $ 5,700.78 4.90% $ 5,603.28 5.04% $ 5,597.79 6.67% $ 5,573.09 4.09% $ 13,195.02 17.44% $ 4,748.09 4.80% $ 5,582.33 3.71% $ 6,078.77 3.92% $ 6,121.19 4.20% $ 6,107.83 3.50% $ 7,927.01 4.11% $ (1,587.88) -0.72% $ 70,647.30 4.25%
7500 Travel, Meals & Entertainment 0.00
7510 Travel - G&A 15 2.08% 0.00% 0.00% 0.00% 51 9.45% 711 131.61% 2,100 194.47% 2,406 334.18% 721 100.09% 143 19.83% 1,038 144.10% 854 118.56% 8,037.61 0.48%
7515 Meals & Entertainment - G&A 124 17.27% 107 8.46% 91 12.47% 261 48.26% 132 24.40% 380 70.44% 360 33.34% 110 15.28% 0.00% 92 12.80% 152 21.16% 237 32.92% 2,045.99 0.12%
Total 7500 Travel, Meals & Entertainment $ 139.36 0.12% $ 106.64 0.10% $ 90.55 0.11% $ 260.60 0.19% $ 182.78 0.24% $ 1,091.03 1.10% $ 2,460.40 1.64% $ 2,516.17 1.62% $ 720.62 0.49% $ 234.88 0.13% $ 1,189.91 0.62% $ 1,090.66 0.50% $ 10,083.60 0.61%
7600 Other Expenses 0.00
7610 Business Insurance - D&O and Key-Man Life 82 11.35% 82 6.49% 82 11.25% 82 15.13% 82 15.13% 82 15.13% 82 7.57% 82 11.35% 82 11.35% 82 11.35% 82 11.35% 82 11.35% 981 0.06%
7613 Business Insurance - EPL 131 18.17% 131 10.38% 131 18.01% 131 24.23% 131 24.24% 139 25.68% 131 12.11% 131 18.18% 131 18.18% 131 18.18% 131 18.18% 131 18.18% 1,578 0.10%
7620 Business Meetings 0.00% 24 1.89% 52 7.11% 299 55.37% 99 18.33% 0.00% 0.00% 245 34.03% 0.00% 0.00% 78 10.88% 59 8.21% 855.86 0.05%
7625 Hiring Expense 0.00% 0.00% 0.00% 0.00% 96 17.70% 125 23.15% 5 0.43% 531 73.81% 0.00% 0.00% 0.00% 24 3.39% 781 0.05%
7635 Employee Activities 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 250 34.72% 250 0.02%
Total 7600 Other Expenses $ 212.55 0.18% $ 236.32 0.21% $ 264.21 0.31% $ 511.55 0.38% $ 407.20 0.54% $ 345.39 0.35% $ 217.19 0.14% $ 989.00 0.64% $ 212.60 0.15% $ 212.60 0.12% $ 290.93 0.15% $ 546.12 0.25% $ 4,445.66 0.27%
Total 7000 G&A Expenses $26,858.91 23.07% $18,409.50 16.57% $22,177.38 26.43% $17,887.93 13.14% $25,615.09 33.86% $26,182.54 26.49% $28,148.60 18.71% $33,026.35 21.31% $35,600.81 24.45% $27,438.97 15.72% $33,572.65 17.40% $24,726.32 11.25% $319,645.05 19.25%
Total 6000 SG&A Expenses $51,308.91 44.08% $36,532.00 32.88% $43,688.30 52.07% $37,013.45 27.19% $46,469.43 61.42% $46,021.34 46.56% $54,637.48 36.32% $56,784.20 36.64% $58,363.04 40.09% $56,014.74 32.09% $61,529.65 31.89% $49,137.78 22.36% $597,500.32 35.99%
QuickBooks Payments Fees 0.00 0.00% 0.00 0.00% 0.00% 0.00 0.00%
Total Expenses $51,308.91 44.08% $36,532.00 32.88% $43,688.30 52.07% $37,013.45 27.19% $46,469.43 61.42% $46,021.34 46.56% $54,637.48 36.32% $56,784.20 36.64% $58,363.04 40.09% $56,014.74 32.09% $61,529.65 31.89% $49,137.78 22.36% $597,500.32 35.99%
Net Operating Income -$10,201.19 -8.76% -$8,340.62 -7.51% -$16,652.57 -19.85% $6,599.31 4.85% -$13,369.48 -17.67% -$43,107.96 -43.62% $17,629.54 11.72% $12,104.30 7.81% -$3,789.70 -2.60% $18,036.75 10.33% $37,941.25 19.66% $62,806.72 28.57% $59,656.35 3.59%
Other Income
8100 Misc Income 7 6 8 11 1.24% 7 18.10% 174,514 17539.12% 8 14.14% 9,008 9,012 8 926 101,061 294,575.48 17.74%
Total Other Income $ 6.66 0.01% $ 6.34 0.01% $ 7.88 0.01% $ 10.60 0.01% $ 7.24 0.01% $ 174,514.29 176.57% $ 7.92 0.01% $ 9,007.98 5.81% $ 9,011.84 6.19% $ 8.04 0.00% $ 925.71 0.48% $ 101,060.98 45.98% $ 294,575.48 17.74%
Other Expenses
8500 Gain(Loss) Sale of Assets (11,808) (11,808) (11,808) 0.00% 0.00% 70,848 7120.40% 0.00% 35,424.00 2.13%
8510 Misc Expense 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00
8520 Interest Expense 3,946 548.00% 3,996 317.15% 3,859 531.32% 3,912 281.00% 3,866 666.64% 3,027 197.22% 3,596 316.59% 3,027 420.42% 2,991 415.35% 4,238 588.58% 3,214 446.42% 3,371 468.16% 43,042.86 2.59%
8530 Depreciation Expense 6,421 891.77% 6,421 509.58% 6,560 903.25% 6,560 471.26% 7,019 1210.26% 6,972 454.20% 7,059 621.42% 7,059 980.48% 7,118 988.59% 7,118 988.59% 7,118 988.59% 7,118 988.59% 82,543.64 4.97%
8540 Amortization 267 37.13% 267 21.22% 267 36.80% 267 19.20% 267 46.09% 267 17.41% 462 40.65% 462 64.13% 462 64.13% 462 64.13% 462 64.13% 462 64.13% 4,374.36 0.26%
Total Other Expenses -$1,174.36 -1.01% -$1,123.89 -1.01% -$1,121.36 -1.34% $10,739.38 7.89% $11,153.19 14.74% $81,114.51 82.07% $11,117.63 7.39% $10,548.22 6.81% $10,570.10 7.26% $11,817.36 6.77% $10,793.77 5.59% $10,950.31 4.98% $ 165,384.86 9.96%
Net Other Income $ 1,181.02 1.01% $ 1,130.23 1.02% $ 1,129.24 1.35% $ (10,728.78) -7.88% $ (11,145.95) -14.73% $ 93,399.78 94.50% $ (11,109.71) -7.38% $ (1,540.24) -0.99% $ (1,558.26) -1.07% $ (11,809.32) -6.77% $ (9,868.06) -5.11% $ 90,110.67 41.00% $ 129,190.62 7.78%
Net Income $ (9,020.17) -7.75% $ (7,210.39) -6.49% $ (15,523.33) -18.50% $ (4,129.47) -3.03% $ (24,515.43) -32.40% $ 50,291.82 50.88% $ 6,519.83 4.33% $ 10,564.06 6.82% $ (5,347.96) -3.67% $ 6,227.43 3.57% $ 28,073.19 14.55% $ 152,917.39 69.57% $ 188,846.97 11.37%
EBITDA (10,201.19) (8,340.62) (16,652.57) 6,599.31 (13,369.48) (43,107.96) 17,629.54 12,104.30 (3,789.70) 18,036.75 37,941.25 62,806.72 59,656.35
Freight % 2.6% 4.1% 3.6% 1.6% 2.9% 3.3% 1.4% 2.6% 1.6% 1.3% 2.2% 1.2% 2.2%
Material %
MFG 25.1% 28.8% 28.8% 32.1% 17.9% 43.8% 20.1% 22.0% 28.0% 28.0% 27.7% 26.7% 27.2%
Sourced 23.6% 27.1% 141.2% 41.3% 16.4% 27.3% 18.6%
MFG Labor % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

&8These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

Stmt of Cash Flows-Trailing 12

Etched, LLC
Statement of Cash Flows
July 2020 - June 2021
Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 June 2021 Total
OPERATING ACTIVITIES
Net Income $ (9,020) $ (7,210) $ (15,523) $ (4,129) $ (24,515) $ 50,292 $ 6,520 $ 10,564 $ (5,348) $ 6,227 $ 28,073 $ 152,917 $ 188,847
Adjustments to reconcile Net Income to Net Cash provided by operations:
1100 Accounts Receivable (34,909) 8,953 (7,138) (47,014) 16,724 (7,394) (16,350) (34,664) 40,426 (46,352) (47,578) 4,058 (171,238)
1215 Inventory:Inventory - Stainless Steel (1,335) 1,706 (12,954) 6,104 4,515 (7,813) (3,951) 1,888 3,598 5,318 (1,246) (9,619) (13,788)
1220 Inventory:Inventory - Aluminum (1,344) 1,963 (1,971) 1,111 (945) 3,167 (11,344) 103 (1,329) (4,967) 9,331 (5,590) (11,816)
1230 Inventory:Inventory - Adhesive 90 986 (397) (2,088) (397) 325 2,666 (3,812) 420 (1,408) 2,095 2,032 513
1235 Inventory:Inventory - Paint (1,133) 816 831 (1,217) 30 589 231 (1,629) 1,026 (112) (1,575) 1,094 (1,048)
1240 Inventory:Inventory - Resist/Ink 1,798 (1,026) 402 364 275 (1,761) 645 (52) (603) 714 (1,136) 269 (110)
1245 Inventory:Inventory - Chem/Solv 120 (514) 592 178 (1,246) 871 812 (1,257) (1,315) 1,548 (2,343) (1,529) (4,083)
1255 Inventory:Inventory - Premask 20 0 0 0 78 (1,013) 295 104 (516)
1260 Inventory:Inventory - Finished Goods 4,735 (16,365) (5,351) 10,780 (10,241) 652 11,845 10,036 (4,253) 3,675 (13,273) 1,083 (6,677)
1300 Prepaid Expenses 1,577 3,500 588 (751) (427) 6,757 1,836 213 (18,554) 2,909 (65) 2,764 347
23208 EOL_Stock - - - -
23210 EOL_WorkInProgress 5,521 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 5,521
1426 Accumulated Depr - M&E 5,959 5,959 6,098 6,098 6,558 6,510 6,598 6,598 6,656 6,656 6,656 6,656 77,001
1451 Accumulated Depr - Lshld Imp 462 462 462 462 462 462 462 462 462 462 462 462 5,542
1511 Other Assets:Loan Fees:Accumulated Amortization - Other Assets 267 267 267 267 267 267 267 267 267 267 267 267 3,208
1530 Accumulated Amortization - Other Assets 194 194 194 194 194 194 1,167
2000 Accounts Payable (5,316) (1,199) 22,283 (7,670) 1,971 (20,017) 11,436 (6,151) 33,864 (6,123) (17,822) 24,021 29,278
2150 GWB - Credit Card 3,793 (4,979) 6,854 (2,434) (1,062) 2,977 1,346 1,396 (4,344) 6,220 (4,113) 2,518 8,172
2050 Real Estate Taxes Payable 825 825 825 825 (8,250) 1,350 1,350 1,350 1,350 1,350 1,350 3,150
2160 Accrued Expenses 2,662 (5,976) (588) 45 585 (841) 1,739 1,739 1,739 464 (1,750) 765 581
2165 Accrued Payroll 1,767 1,802 356 (5,179) 567 2,748 1,287 (802) 2,525 (6,070) (192) 3,362 2,170
2170 Deferred Revenue 1,712 (1,712)
2300 Commissions Payable (2,544) 822 509 839 781 (531) 6,619 3,188 4,012 (1,484) 7,842 3,807 23,861
23202 EOL_InvoicesToReceive 566 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 566
2350 Contract Labor Payable 514 171 (514) 343 (214) 0 214 0 (343) 1,548 (2,062) 566 223
2400 Operating LOC - GWB -
PPP Note Payable (102,492) 100,676 (100,676) (102,492)
Total Adjustments to reconcile Net Income to Net Cash provided by operations: $ (15,904) $ (1,825) $ 11,154 $ (38,937) $ 10,029 $ (115,523) $ 17,900 $ 78,732 $ 67,806 $ (36,797) $ (64,957) $ (62,146) $ (150,467)
Net cash provided by operating activities $ (24,924) $ (9,036) $ (4,369) $ (43,066) $ (14,486) $ (65,231) $ 24,420 $ 89,296 $ 62,458 $ (30,569) $ (36,883) $ 90,771 $ 38,380
INVESTING ACTIVITIES
1425 Machinery & Equipment (10,220) (85,000) (3,504) (98,724)
1515 Other Assets:Organizational Costs:Paddock Noncompete (5,000) (5,000)
1520 Other Assets:Organizational Costs:Paddock Goodwill (5,000) (5,000)
1525 Other Assets:Organizational Costs:Paddock web domain (5,000) (5,000)
Net cash provided by investing activities $ - 0 $ - 0 $ (10,220) $ - 0 $ - 0 $ (100,000) $ - 0 $ - 0 $ (3,504) $ - 0 $ - 0 $ - 0 $ (113,724)
FINANCING ACTIVITIES
2500 Term Loan - GWB (8,866) (8,805) (8,931) (8,780) (8,815) (9,297) (9,062) (6,812) (9,646) (11,372) (9,299) (9,249) (108,936)
2550 Paddock Note Payable 94,000 (1,567) (1,567) (1,567) (1,567) (1,567) (1,567) 84,600
US Bank Equipment Finance (2,339) (2,350) (2,361) (2,372) (2,383) (2,394) (2,405) (2,417) (2,428) (2,439) (2,451) (2,462) (28,800)
3000 Mark Stang - Equity 11,405 11,405
3100 Josh Shelton - Equity 11,405 11,405
3200 Justin Shelton - Equity 11,405 11,405
3300 Adam Barksdale - Equity 11,405 11,405
3400 Chris Berland - Equity 5,069 5,069
Retained Earnings (50,687) (50,687)
Net cash provided by financing activities $ (11,205) $ (11,155) $ (11,292) $ (11,152) $ (11,198) $ 82,308 $ (13,034) $ (10,796) $ (13,640) $ (15,378) $ (13,317) $ (13,278) $ (53,137)
Net cash increase for period $ (36,129) $ (20,191) $ (25,881) $ (54,218) $ (25,684) $ (82,922) $ 11,386 $ 78,500 $ 45,314 $ (45,948) $ (50,200) $ 77,493 $ (128,480)

&8These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

A R Aging Summary

ETCHED, LLC
A/R Aging Summary
As of June 30, 2021
Current 1 - 30 31 - 60 61 - 90 91 and over Total
AGI SureTrack 7,248.50 536.25 7,784.75
ALL-LIFTS, INC. 2,846.11 2,846.11
Altec Industries, Inc. 8,362.00 249.00 8,611.00
Beaumont Manufacturing 1,485.75 1,485.75
Bishop Lifting Products 29,802.00 12,250.57 42,052.57
Bridge Projects LLC 1,016.34 1,016.34
BS&B Systems 17,782.75 17,782.75
Cameron, A Schlumberger Company 4,747.00 1,342.00 1,850.00 7,939.00
Certified Slings, Inc. (734.43) (734.43)
Continental Disc, Corp 4,308.65 4,308.65
Custom Sling Company 1,975.05 1,959.60 3,934.65
Emerson Process Management Regulator Technologies 5,090.65 5,090.65
Empire Comfort Systems 16,095.11 18,564.71 34,659.82
Fike Corporation 3,687.00 1,316.52 5,003.52
Gibraltar Perimeter Security LP 2,835.43 2,835.43
Group Cargo Lift Inc 13,218.71 13,218.71
Gulf America Wire Rope 8,667.91 2,808.23 11,476.14
Halliburton 2,823.98 2,823.98
Hercules SLR 8,294.00 8,294.00
Horizon Cable Service, Inc. 3,668.59 3,668.59
Hubbell - Killark 571.98 571.98
Integricert, LLC 14,409.92 14,409.92
J Supply 6,750.00 3,684.45 10,434.45
John Sakash Company, Inc. 6,790.98 6,790.98
Kennedy Wire Rope 2,551.20 2,551.20
Kennedy Wire Rope - Houston 13,139.47 13,139.47
Lifting and Testing 2,928.23 2,928.23
Olsen Chain & Cable, Inc. 4,975.01 4,975.01
PAGE WIRE ROPE & SLINGS, INC. 6,282.00 6,282.00
Precision Truck Products, Inc. 977.28 977.28
Setpoint Integrated Solutions 7,900.56 7,900.56
Shaw's Enterprises Ltd. 3,490.00 3,490.00
Smith Valve Company LLC 1,100.00 1,100.00
Snyder Industries, Inc. 5,310.90 5,310.90
Southwest Wire Rope 13,847.61 13,847.61
Sullivan Wire Rope & Rigging, INC. 1,003.15 1,003.15
Super Slings Inc 3,135.30 3,135.30
Superior Lifting Specialists, Inc. 1,579.74 1,579.74
Taylor Valve Technology 2,115.00 2,115.00
The Crosby Group 1,223.75 1,223.75
Trinity Sling 720.00 720.00
United Conveyor Corporation 5,611.08 5,611.08
Zoeller Pump Company 2,450.16 2,288.00 4,738.16
TOTAL $ 216,914.24 $ 76,957.76 $ 4,812.75 $ 249.00 $ - 0 $ 298,933.75

&9These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.&11

A P Aging Summary

ETCHED, LLC
A/P Aging Summary
As of June 30, 2021
Current 1 - 30 31 - 60 61 - 90 91 and over Total
Ace Imagewear 229.40 229.40
Alvery Global Limited (2,942.40) (2,942.40)
Amada America Inc 3,409.50 3,409.50
Barton Solvents 1,158.03 1,158.03
Daystar Corporation 384.00 384.00
DBA Engrave It Houston 2,271.50 2,271.50
e2E, LLC 2,500.00 2,500.00
Evans/EVCO 2,056.91 2,056.91
Keystone Laboratories, Inc. 190.00 190.00
Lampton Welding Supply 21.99 21.99
Lamson Oil 108.50 108.50
Lawrence & Frederick, Inc. 11,604.45 11,604.45
National Kwikmetal Service 6,246.67 6,246.67
Nazdar Companies 1,223.52 1,223.52
Performance Packaging Group LLC 942.80 1,867.92 2,810.72
Praxair Distribution Inc. 3,049.95 3,049.95
Ryerson 38,783.45 38,783.45
Sanders Lee Roth,LLC 78.00 78.00
Sarah Morrissey 850.00 850.00
Spectrum Coatings 333.00 333.00
U.S. Compliance Corporation 474.97 474.97
Univar USA, Inc. 2,529.96 2,529.96
TOTAL $ 72,926.20 $ 4,445.92 $ - 0 $ - 0 $ - 0 $ 77,372.12

&9These statements have not been subjected to an audit, review, or compilation and no assurance is provided. Substantially all disclosures required by accounting principles generally accepted in the United States are not included.

GP

Etched, LLC
Profit and Loss - YTD
June 2021
Operating Agreement
2017 $82,500.00
2018 $90,000.00
2019 $110,000.00
2020 $120,000.00
2021 $130,000.00
2022 and beyond $150,000.00
Actually Paid
2017 2018 2019 2020 2021 Currently Due
Months included
6
Adam $84,750.00 $71,250.00 $81,150.00 $67,000.00 $45,000.00 $125,850.00
Josh $81,340.91 $71,250.00 $81,150.00 $67,000.00 $45,000.00 $129,259.09
Justin $83,045.45 $71,250.00 $81,350.00 $67,400.00 $45,000.00 $126,954.55
Mark $81,340.91 $71,250.00 $81,150.00 $67,000.00 $45,000.00 $129,259.09
**For 2019**$5,450 each only accrued in December and then paid in January 2020**