Page 10 - Full Q1 Financial Report 2021
P. 10
Green Mountain Firewood
Profit and Loss
February 26 - March 26, 2021
TOTAL
Income
Sales 605,073.92
Total Income $605,073.92
Cost of Goods Sold
Firewood Production - Knott Bros. 124,786.94
Packaging
Bags 155,365.76
Pallets 23,340.00
Total Packaging 178,705.76
Total Cost of Goods Sold $303,492.70
GROSS PROFIT $301,581.22
Expenses
Advertising & Marketing
Photography 600.00
Total Advertising & Marketing 600.00
Ask My Accountant -320.32
Bank Charges & Fees 12.00
COMPUTER SOFTWARE & APPLICATIONS 15.93
Insurance
General Liability 1,300.50
Total Insurance 1,300.50
Legal & Professional Services
Legal 8,285.50
Translation Services 124.29
Total Legal & Professional Services 8,409.79
Office Expenses
Office Supplies 5.30
Postage 26.35
Sales Tools 301.07
Telephone & Internet 142.15
Total Office Expenses 474.87
Payroll
Current Employee Payroll 5,481.86
Payroll Settlements 15,000.00
Total Payroll 20,481.86
Plant Upgrades
Replacement Parts 15,112.00
Total Plant Upgrades 15,112.00
Accrual Basis Tuesday, March 30, 2021 05:52 PM GMT-04:00 1/2
