Income Statement The Oar Company Comparative Financial Statements Years Ended December 31, Amateur Life Vests Comparative Financial Statements Years Ended December 31, 2025 2024 2023 2025 2024 Net Sales Revenue $ 430,824 $ 425,680 $ 410,680 $ 383,440 Cost of Goods Sold 258,977 256,817 299,230 280,340 Gross Profit 171,847 168,863 111,450 103,100 Operating Expenses 153,440 151,362 78,720 70,050 Operating Income 18,407 17,501 32,730 33,050 Interest Expense 840 795 2,810 2,930 Income before Income Tax 17,567 16,706 29,920 30,120 Income Tax Expense 5,138 5,010 8,750 8,680 $ 12,429 $ Net Income 11,696 $ 21,170 $ 21,440 2023