Page 8 - 2021 Noteholder Letter.Financial Report

Green Mountain Firewood Company

Statement of Revenues and Expenses

January - December 2020

TOTAL
Income
41000 Sales of Product Income 174,753.83
41900 Discounts given -12,392.25
45000 Delivery Charges 650.00
Total Income $163,011.58
Cost of Goods Sold
51000 Product 69,326.68
52000 Accessories 65,752.73
53000 Packaging 125,287.00
53100 TESTING 10,029.00
Total Cost of Goods Sold $270,395.41
GROSS PROFIT $ -107,383.83
Expenses
60200 Car & Truck
60210 Mileage 2,475.00
Total 60200 Car & Truck 2,475.00

60400 Bank Charges & Fees 3.00
60500 DEPRECIATION 8,000.00
60900 Education 736.65
62000 Dues & subscriptions 4,048.75
62300 Insurance 3,400.66
62310 General Liability 2,851.76
Total 62300 Insurance 6,252.42
63100 Meals & Entertainment 572.45
64500 COMPUTER SOFTWARE & APPLICATIONS 3,709.55
65000 Contractors 64,000.00
65700 Commissions 4,884.16
Total 65000 Contractors 68,884.16
67100 OFFICE EXPENSE 1,778.78
68200 Repairs & Maintenance 692.00
68300 Shipping, Freight & Delivery 3,141.37
68400 Job Supplies 6,891.36
68700 Telephone & Internet 2,640.07
68900 Travel
68910 Parking 53.65
Total 68900 Travel 53.65
69900 Reimbursable Expenses 450.45

These financial statements have not been subjected to an audit, review or compilation engagement
and no assurance is provided on them. Substanially all disclosures have been omitted.
Accrual Basis Tuesday, February 16, 2021 12:48 PM GMT-05:00 1/2