Page 5 - Full Q1 Financial Report 2021
P. 5
Green Mountain Firewood
Profit and Loss
January 1 - March 26, 2021
TOTAL
Income
Sales 1,112,912.96
Total Income $1,112,912.96
Cost of Goods Sold
Firewood Production - Knott Bros. 314,928.10
Packaging 752.65
Bags 155,365.76
Pallets 23,340.00
Printing 21,748.00
Total Packaging 201,206.41
TESTING 999.00
Total Cost of Goods Sold $517,133.51
GROSS PROFIT $595,779.45
Expenses
Advertising & Marketing
Photography 600.00
Promotional Events 2,910.00
Social Media Marketing 2,000.00
Website 180.00
Total Advertising & Marketing 5,690.00
Ask My Accountant -208.32
Bank Charges & Fees 46.00
COMPUTER SOFTWARE & APPLICATIONS 827.11
Education 19.95
Insurance
Certificate Fees 260.00
General Liability 5,279.49
Total Insurance 5,539.49
Job Supplies 39.99
Legal & Professional Services
Legal 19,696.00
Patent Expenses 3,100.00
Translation Services 301.91
Total Legal & Professional Services 23,097.91
Office Expenses
Office Supplies 336.19
Postage 64.60
Sales Tools 792.66
Telephone & Internet 609.26
Total Office Expenses 1,802.71
Accrual Basis Tuesday, March 30, 2021 05:51 PM GMT-04:00 1/2
