Page 9 - Full Q1 Financial Report 2021
P. 9
Green Mountain Firewood
Profit and Loss
January 29 - February 26, 2021
TOTAL
Income
Sales 507,839.04
Total Income $507,839.04
Cost of Goods Sold
Firewood Production - Knott Bros. 190,141.16
Packaging 144.12
Printing 5,000.00
Total Packaging 5,144.12
Total Cost of Goods Sold $195,285.28
GROSS PROFIT $312,553.76
Expenses
Advertising & Marketing
Promotional Events 410.00
Social Media Marketing 2,000.00
Total Advertising & Marketing 2,410.00
Bank Charges & Fees 28.00
COMPUTER SOFTWARE & APPLICATIONS 478.11
Insurance
General Liability 1,326.33
Total Insurance 1,326.33
Legal & Professional Services
Translation Services 177.62
Total Legal & Professional Services 177.62
Office Expenses
Office Supplies 225.75
Sales Tools 355.02
Telephone & Internet 90.27
Total Office Expenses 671.04
Plant Upgrades
Engineering 2,212.14
Total Plant Upgrades 2,212.14
Sales Commissions
Commissions
Broker Commissions 20,836.20
GMF Commissions 8,334.48
Total Commissions 29,170.68
Total Sales Commissions 29,170.68
Total Expenses $36,473.92
NET OPERATING INCOME $276,079.84
Other Income
INTEREST INCOME 0.10
Total Other Income $0.10
NET OTHER INCOME $0.10
NET INCOME $276,079.94
Accrual Basis Tuesday, March 30, 2021 05:52 PM GMT-04:00 1/1
