December 31, 2006-2012 ASSETS Current Assets Cash Inventory Fixed Assets Property, Plant 81: Equipment Total Assets LIABILITIES Accounts Payable Debt Total Liabilities EQUITY Common Stock Retained Earnings Total Equity 99$ 99% 6&69 $6969 2006 35.488 15,412 54.007 104,907 14,907 40.000 54.907 30,000 0,000 50.000 2007 $ 24,473 $ 6,571 $ 132,103 $ 163,147 $ 15,000 $ 121,567 $ 136,567 $ 30,000 $ (3.420) $ 26.580 2008 $ 29,667 $ 2.943 $ 184,122 $ 216,732 $ 25,000 $ 94.850 $ 119.850 $ 130,000 $ (33,118) $ 96.882 69$ 69$ mesa $ $ (92,905) $ 2009 9.057 4.200 178.046 191.303 30,000 124,208 154.208 130.000 37.095 {5% sees mesa; 2010 298.806 24.005 408.500 731.31 1 25,488 724,208 749.696 130,000 (160,490) (30,490) 2011 $ 66.594 $ 83.950 $ 658.962 $ 809.506 $ 51,995 $ 724,208 $ 776,203 $ 130,000 $ (96,697) $ 33,303 INCOME STATEMENT QUARTERLY ANNUAL Westlake Sugar Bowl Sugar Bowl Sugar Bowl Sugar Bowl Westlake Sugar Bowl Q3 2010 Q2 2011 Q3 2011 Q4 2011 Q1 2012 2010 2011 Income Lane Rental $ 118,290 $ 106,707 $ 179,021 275,400 267,540 398,850 Food Sale 17,150 $ 561,128 70,392 159,667 448,500 410,270 56,920 678,559 Liquor Sale 20,571 $ 99,460 $ 243,763 559,270 501,550 69,890 $ 902,493 Total $ 156,011 $ 276,559 $ 582,451 $ 1,283,170 $ 1,179,360 525,660 $ 2,142,180 Variable Cost of Sales Food Purchased 5,145 39,420 110,250 181,386 199,336 17,076 331,056 Liquor Purchased 4,114 29,838 $ 105,000 249,530 201,600 13,978 384,368 Food & Beverage Supplies 3,772 35,953 $ 129,157 114,500 147,011 12,681 279,610 Total 13,031 $ 105,210 $ 344,407 $ 545,416 $ 547,946 43,735 $ 995,033 General Overhead Expenses Marketing and Advertising 2,820 10,000 15,000 15,000 15,000 9,250 40,000 Salaries: Full Time 29,400 48,498 48,498 48,498 48,498 115,000 145,494 Salaries: Part Time 9,240 20,130 18,720 34,528 23,900 30,800 73,378 Catering wage n/a 16,128 25,920 32,027 25,920 74,075 Coupons 2,339 7,000 9,000 11,000 9,000 7,090 27,000 Legal and Audit 2,112 3,600 3,600 3,600 3,600 7,040 10,800 License & Permits 140 2,475 2,475 6,000 6,000 6,500 10,950 Office Supplies 794 1,950 3,450 5,450 3,450 2,740 10,850 Rent 26,949 43,000 43,000 43,000 43,000 89,830 129,000 Repair & Maintenance Labor 13,838 14,000 29,550 34,550 29,550 102,700 78,100 Repair & Maintenance Supplies 24,855 45,000 49,000 58,000 63,000 67,500 152,000 Utilities 7,131 15,000 26,100 24,040 23,520 27,560 65,140 Travel & Promotion 263 8,000 3,000 3,000 3,000 14,000 Insurance 14,700 28,500 28,500 33,000 33,000 49,000 90,000 Miscellaneous 150 6,000 8,500 7,500 9,700 1,500 $ 22,000 Total General 135,329 $ 269,281 $ 314,313 359,193 $ 340,138 516,510 $ 942,787 Interest payment: Bank $ 1,897 $ 8,000 8,000 8,000 $ 8,000 16,000 32,000 Interest payment: Friends & Family $ 4,000.00 4,000.00 4,000.00 $ 4,000.00 8,000 16,000 Depreciation $ 2,100 $ 3,000 3,000 3,000 $ 3,000 9,000 14,000 Tax 2,678 $ 132,496 $ 101,946 $ 78,566 Net Income EA 4,973 $ (112,932) $ (91,269) $ 231,065 $ 174,329 $ (67,585) $ 63,793
