| The Dominion Partners, LLC – Comforcare Home Care | ||
| Profit and Loss by Month | ||
| January 2020 – February 2021 | ||
| Jan – Dec 2020 | Jan – Feb, 2021 | |
| Income | ||
| HC40000 Private Pay Revenue | 236,435.11 | 23,412.25 |
| HC40050 Revenue – Medicaid | 216,382.54 | 31,290.06 |
| HC40060 Revenue Locally Funded | 1,354.55 | |
| HC40100 Revenue – Insurance Companies | 2,823.10 | |
| HC40300 Long-Term Care Insurance – LTCI | 55,423.60 | |
| Services | 0.00 | |
| Uncategorized Income | 111.31 | 111.31 |
| Total Income | $ 509,707.11 | $ 57,636.72 |
| Cost of Goods Sold | ||
| HC50100 Caregiver Wages | 326,146.38 | 40,249.25 |
| HC50200 Payroll Tax – FICA Caregiver Wages | 24,512.28 | 3,336.61 |
| HC50400 FUTA / SUTA – Caregiver | 8,108.20 | 1,439.31 |
| HC50700 Supplies for Clients – Gloves | 682.72 | |
| HC51000 Mileage | 7,474.17 | 3,366.45 |
| HC52000 Royalty | 37,885.65 | 3,088.14 |
| HC54000 Drug Testing Supplies | 412.02 | |
| HC55000 Subcontracted Services | 350.00 | |
| Total Cost of Goods Sold | $ 405,571.42 | $ 51,479.76 |
| Gross Profit | $ 104,135.69 | $ 6,156.96 |
| Expenses | ||
| Advertising & Marketing | 409.99 | |
| HC60050 Advertising – Internet | 1,514.00 | 20.98 |
| HC60100 Advertising – Referrals Selling | 3,370.92 | |
| HC60200 Cell Phone – Marketing Staff | 1,378.00 | 106.00 |
| HC60250 FUTA/SUTA Tax Admin Staff | 258.21 | |
| HC60450 Donations | 100.00 | |
| HC60650 Administrative Salaries | 22,063.14 | |
| HC60675 Payroll Tax – Admin Staff | 1,055.18 | |
| HC60900 Office/General Administrative Expenses | 4,331.01 | 316.75 |
| HC61010 Software Expense | 150.00 | 349.50 |
| HC70000 Rent for Office Space | 10,588.67 | 1,569.21 |
| HC70010 Rent – Other | 910.25 | 116.00 |
| HC71000 Postage | 172.65 | |
| HC71300 Subscriptions | 9,428.52 | 1,072.50 |
| HC73000 Advertising – Hiring Related Administrative | 2,100.00 | 175.00 |
| HC73500 Accounting & Tax (non-payroll) | 11,461.00 | 6,000.00 |
| HC73760 Amortization – Franchise Fee | 4,000.00 | |
| HC74250 Office Telephone | 2,708.41 | 403.60 |
| HC74500 Bank Fees (not interest) | 3,181.23 | 50.00 |
| HC75000 Bad Debt | -23,898.00 | |
| HC78000 General & Professional Liability Insurance | 3,777.27 | 553.16 |
| HC78250 Internet Connection Fees | 839.40 | 139.90 |
| HC78500 Interest on Debt or Credit Cards | 1,115.17 | 760.02 |
| HC79000 Legal & Court Fees | 754.19 | 39.00 |
| HC79250 Licenses | 1,615.58 | |
| HC79400 Office Supplies | 3,007.70 | 176.37 |
| HC80800 Worker’s Comp – Admin Staff | 3,286.00 | |
| HC80900 Payroll Processing Fees | 3,206.43 | 1,126.40 |
| HC81000 Worker’s Compensation Insurance | 1,998.00 | 920.00 |
| Total Expenses | $ 74,882.92 | $ 13,894.39 |
| Net Operating Income | $ 29,252.77 | -$ 7,737.43 |
| Other Income | ||
| HC40203 Other Miscellaneous Income | 11,085.35 | |
| Total Other Income | $ 11,085.35 | $ 0.00 |
| Net Other Income | $ 11,085.35 | $ 0.00 |
| Net Income | $ 40,338.12 | -$ 7,737.43 |
| The Dominion Partners,LLC | |
| Balance Sheet | |
| As of February 28, 2021 | |
| Total | |
| ASSETS | |
| Current Assets | |
| Bank Accounts | |
| HC10500 Checking Account | 25,062.40 |
| MB65293 Citizens Checking Account | 0.00 |
| MB71290 Citizens Checking Account – 71290 | 2,575.66 |
| Total Bank Accounts | $ 27,638.06 |
| Accounts Receivable | |
| HC11000 Accounts Receivable | 97,143.16 |
| HC11100 Other Receivables | 18,439.79 |
| HC11500 Allowance for Doubtful Accounts | 0.00 |
| MB99999 Member Statements | 0.00 |
| Total Accounts Receivable | 115,582.95 |
| Other Current Assets | |
| HC11700 Petty Cash | 0.00 |
| HC12000 Prepaid Workers Comp Ins | 0.00 |
| HC12100 Prepaid Liability Insurance | 0.00 |
| HC12101 Prepaid Other | 0.00 |
| HC12200 Prepaid Payroll | 0.00 |
| HC12750 Payroll Advance/Manual Checks | 998.25 |
| MB17000 MB17000 Intercompany Receivable – DP Home Care of Atlanta | 236,666.60 |
| Total Other Current Assets | $ 237,664.85 |
| Total Current Assets | $ 380,885.86 |
| Fixed Assets | |
| HC15000 Furniture and Fixtures | 5,120.00 |
| HC15100 Equipment | 6,819.00 |
| HC17000 Accumulated Depreciation – Furniture | -2,421.74 |
| HC17100 Accumulated Depreciation – Equipment | -3,220.13 |
| Total Fixed Assets | $ 6,297.13 |
| Other Assets | |
| HC16000 Goodwill | 148,061.00 |
| HC16500 Franchise Fee | 20,000.00 |
| HC16600 Accumulated Amortization Franchise Fee | -4,000.00 |
| HC19100 Organization Costs | 2,221.33 |
| MB19100 MB19100 Organization Costs | 2,851.85 |
| Total Other Assets | $ 169,134.18 |
| TOTAL ASSETS | $ 556,317.17 |
| LIABILITIES AND EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Other Current Liabilities | |
| HC23000 Accrued | 0.00 |
| HC23025 Accrued Payroll | 0.00 |
| HC23400 Federal Payroll Taxes Payable | 31,570.71 |
| HC23500 SUTA / FUTA Taxes Payable | 5,201.59 |
| HC23600 State Payroll Taxes Payable | 2,184.60 |
| HC23650 Other State PR Liabilities | 1,225.55 |
| HC24200 Short Term Loans – Forward Financing | 0.00 |
| HC24201 Short-Term Loan – Square Capital | 0.00 |
| HC24203 Loans From Members | 1,000.00 |
| HC24250 Payroll Expense Due PayCor | 0.00 |
| MB23000 Accrued Payable | 0.00 |
| Total Other Current Liabilities | $ 41,182.45 |
| Total Current Liabilities | $ 41,182.45 |
| Long-Term Liabilities | |
| HC24300 Line of Credit | 39,000.00 |
| HC24400 PPP Loan | 75,400.00 |
| HC27000 Intercompany Payable – The Dominion Partners, LLc | 200,325.66 |
| MB24700 MB24700 Deposits & Refunds Due | 4,693.00 |
| Total Long-Term Liabilities | $ 319,418.66 |
| Total Liabilities | $ 360,601.11 |
| Equity | |
| Owners | 250,671.85 |
| MB39800 MB39800 Owner Distributions Equity Revenue | 0.00 |
| Retained Earnings | -47,218.36 |
| Net Income | -7,737.43 |
| Total Equity | $ 195,716.06 |
| TOTAL LIABILITIES AND EQUITY | $ 556,317.17 |