Statement of Revenues and Expenses

for the Three Months Ending December 31, 2019 and

2020

Total
4th Qu 2019 4th Qu 2020
Income
41000 Freight Services $196,539.00 $126,441.00
Total Income $196,539.00 $126,441.00
Cost of Goods Sold
50100 Supplies & Materials - COGS $3,434.98 $1,235.00
50300 Other Supplies and Costs - COGS $272.25 $135.36
50400 Equipment Rental - COGS $56.00 $56.00
Total Cost of Goods Sold $3,763.23 $1,426.36
Gross Profit $192,775.77 $125,014.64
Expenses
60100 Advertising/Promotional $870.31 $1,866.00
60200 Automobile Expense
60210 Gasoline & Fuel $12,413.27 $14,347.00
60220 Repairs & Maintenance $810.58 $6,548.00
60230 Parking & Tolls $61.10 $61.10
Total 60200 Automobile Expense $3,284.95 $20,956.10
60410 Bank Charges
60411 Finance Charges $1,355.64 $1,123.99
Total 60410 Bank Charges $1,355.64 $1,123.99
61700 Computer & Internet $4,180.64 $1,927.67
62450 Donations $3,447.74 $1,203.00
62500 Dues & Subscriptions $1,295.53 $455.00
63300 Insurance
63310 General liability $7,658.42 $6,922.00
63320 Workmans Comp Insurance $980.75 $2,145.00
Total 63300 Insurance $8,639.17 $12,652.67
63400 Interest Paid $1,969.17 $1,354.00
64300 Meals And Entertainment $2,912.57 $1,475.77
64900 Office Supplies $1,404.20 $121.00
65100 Office Expenses $3,145.00 $4,655.31
65200 Payroll Expenses
65230 Payroll Expenses $73,350.00 $54,251.32
65235 Payroll Tax Expenses $11,222.00 $8,300.00
65240 Employee Benefit $135.67 $35.00
Total 65200 Payroll Expenses $84,707.67 $62,586.32
66600 Contract Labor $43,853.00 $2,171.00
66650 Total Cost of Labor $128,560.67 $64,757.32
66700 Professional Fees $0.00
66710 Legal Fees $800.00 $320.00
66720 Accounting costs $1,900.00 $103.00
66730 Consulting $775.00 $324.00
66740 Administration and Assistant Labor $3,475.00 $747.00
Total 66700 Professional Fees $6,950.00 $1,494.00
66800 Postage & Delivery $63.74 $22.00
67200 Repair & Maintenance $431.20 $214.99
68100 Telephone Expenses $3,760.05 $2,349.71
68400 Travel $3,276.08 $1,733.87
68410 Travel Meals $2,224.39 $169.77
68500 Taxes
68520 State $1,849.50 $1,432.00
68530 County & City $33.00 $33.00
Total 68500 Taxes $1,882.50 $1,465.00
68600 Utilities $2,798.19 $1,348.76
69100 Uniforms $79.64 $54.00
Total Expenses $154,310.94 $119,282.93
Net Income $38,464.83 $5,731.72