Energizing Hotel, Inc. Statement of Income Fiscal Years - Ended 2019 and 2018 For the Year Ended for the Year Ended December 31, 2019 December 31, 2018 Revenue Rooms $42,604,625 $40,474,394 Food and Beverage $7,988,367 $7,588,949 Beverage $2,662,789 $2,529,650 Other Operated Departments $1,608,057 $1,527,654 Miscellaneous Income $804,029 $763,828 Total Revenue $55,667,867 $52,884,474 Expenses Rooms $14,059,526 $13,356,550 Food and Beverage* $5,991,275 $5,691,711 Other Operated Departments $884,431 $840,210 Administrative and General $3,340,072 $3,173,068 Information and Telecommunications Systems $1,837,040 $1,745,188 Sales and Marketing $3,618,411 $3,437,491 Property Operation and Maintenance $6,680,144 $6,346,137 Utilities $562,500 $534,375 Management Fees $779,350 $740,383 Non-Operating Expenses $946,354 $899,036 Interest Expense $800,000 $760,000 Depreciation and Amortization $1,000,000 $950,000 Total Expenses $40,499,104 $38,474,149 Income Before Income Taxes $15,168,763 $14,410,325 Income Taxes Current Deferred Total Income Taxes $4,550,629 $758,438 $5,309,067 $4,323,098 $720,5161 $5,043,614 Net Income $9,366,711 $9,859,696 *Food Costs are 80%: Beverage costs are 20% of the Food and Beverage Expenses Account