RockWell_Financials_2nd_Quarter_2010

RockWell_Financials_2nd_Quarter_2010 - Rockwell LLC Profit...

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Page 1 of 37 Rockwell, LLC. Profit & Loss Budget Performance April through June 2010 Apr 10 Budget May 10 Ordinary Income/Expense Income Interest Income (Interest Income) 61.05 0.00 47.00 Revenue - Discount 0.00 0.00 Revenue - Finance Charges 129.27 -124.71 Revenue - Grates 2,591.00 3,732.00 5,943.00 Revenue - Ladders 507.00 312.00 Revenue - PC Covers 28,339.00 15,280.00 25,450.15 Revenue - Wells 197,808.07 132,462.00 134,762.23 Shipping and Delivery Charges 20,806.00 14,918.08 15,031.15 Total Income 250,241.39 166,392.08 181,420.82 Cost of Goods Sold Direct Costs (Direct Costs) Freight (Shipping and Handling) 20,922.18 14,918.08 15,031.15 Grates 2,141.64 2,926.00 5,198.62 Labor Labor - Covers 1,732.58 2,642.64 2,963.82 Labor - Wells 14,018.22 9,369.36 13,347.01 Labor - Other 0.00 0.00 Total Labor 15,750.80 12,012.00 16,310.83 Ladders 0.00 38.98 Materials Costs Materials Covers 19,109.55 10,521.00 17,816.78 Materials Wells 72,128.79 50,398.00 52,905.30 Total Materials Costs 91,238.34 60,919.00 70,722.08 Total Direct Costs (Direct Costs) 130,052.96 90,775.08 107,301.66 Indirect Costs (Indirect Costs) Amortization Expense 270.02 331.01 270.02 Automobile Expense Gas 97.16 45.00 135.42 Maintenance & Repair -101.62 50.00 185.38 Mileage Reimbursement 0.00 0.00 78.00 Total Automobile Expense -4.46 95.00 398.80 Engineering Labor 427.80 1,000.00 1,091.90 Facilities 0.00 0.00 0.00 Insurance
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Page 2 of 37 Business, Product, Auto 756.49 992.00 756.49 Total Insurance 756.49 992.00 756.49 Rent 1,530.00 1,530.00 1,530.00 Repairs & Maintenance Equipment Repairs & or Maint. 142.80 305.00 2,113.06 Total Repairs & Maintenance 142.80 305.00 2,113.06 Research & Development R&D Supplies 889.74 188.88 Research & Development - Other 0.00 1,050.00 0.00 Total Research & Development 889.74 1,050.00 188.88 Shop Supplies & Expenses 1,544.20 1,760.00 2,284.49 Small Tools 563.27 503.82 1,932.47 Tools & Molds-COGS Purple Mold (Expenses used for Purple Mo 1,428.93 1,647.32 982.67 Silicone Bags 745.39 666.67 1,133.17 Tools & Molds-COGS - Other 0.00 0.00 Total Tools & Molds-COGS 2,174.32 2,313.99 2,115.84 Utilities Electricity/Water 263.87 199.08 254.11 Gas 336.59 215.90 336.59 Waste Disposal 199.15 119.09 170.01 Total Utilities 799.61 534.07 760.71 Warranty Product (Damaged, Replacement prod 1,467.00 78.00 Workers Compensation 305.00 305.00 305.00 Total Indirect Costs (Indirect Costs) 10,865.79 10,719.89 13,825.66 Packaging/Pallets Packaging 3,615.26 726.00 267.39 Pallets 1,873.13 1,185.00 961.93 Total Packaging/Pallets 5,488.39 1,911.00 1,229.32 Total COGS 146,407.14 103,405.97 122,356.64 Gross Profit 103,834.25 62,986.11 59,064.18 Expense Professional Fees 22.80 122.80 Adjustments to Wages 0.00 0.00 Employee Reimbursement 553.84 600.00 553.84 General & Administration (General & Administration) Merchant Account Fees 805.00 797.02 728.82
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Page 3 of 37 Bonuses - Office 0.00 0.00 Accounting 4,181.51 750.00 0.00 Administration Wages 8,249.24 8,249.23 8,249.24 Automobile Expense (Automobile Expense) Gas 291.47 135.00 406.25 Maintenance & Repair -304.90 150.00 466.98 Milage Reimbursement 0.00 25.00 0.00 Total Automobile Expense (Automobile Expens -13.43 310.00 873.23 Bank Service Charges (Bank Service Charges) 0.00 42.50 Computer Expenses Web Hosting & Email 29.95 29.95 29.95 Computer Expenses - Other 0.00 0.00 Total Computer Expenses 29.95 29.95 29.95 Computer Repairs 0.00 50.00 0.00 Contributions (Contributions) 0.00 0.00 Depreciation Expense (Depreciation Expense) 1,169.35 1,588.33 1,169.35 Dues and Subscriptions (Dues and Subscription 0.00 34.99 Education & Training Seminars 0.00 0.00 Total Education & Training 0.00 0.00 Insurance (Insurance) Insurance - Keyman Policy 0.00 0.00 Total Insurance (Insurance) 0.00 0.00 Interest Expense (Interest Expense) Finance Charge (Finance Charge) 643.09 395.00 398.78 Loan Interest (Loan Interest Expense) 1,333.36 1,494.00 1,389.01 Total Interest Expense (Interest Expense) 1,976.45 1,889.00 1,787.79 Licenses and Permits (Licenses) 15.00 12.00 70.00 Meals 9.08 0.00 Office Expenses Staff meetings, Parties, Gifts 566.13 50.00 37.00 Supplies 273.31 150.00 646.46 Total Office Expenses 839.44 200.00 683.46 Officer Wages 9,230.76 9,230.77 9,230.76 Payroll Taxes 3,314.30 2,606.49 3,397.83 Postage and Delivery (Postage and Delivery) 59.00 100.00 0.00 Printing and Copies (Printing and Reproduction 0.00 125.00 33.09 Professional Fees (Professional Fees) Legal Fees (Legal Fees) 0.00 250.00 0.00
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