Outer Range Surgical Center Financial Statements for Fiscal Year Ended 6/30/2020 Statement of Operations- ASC FYE 6/30/2020 Revenues Gross Patient Services Revenue Contractual Adjustment Charity Care Adjustment Bad Debt Adjustment NET PATIENT REVENUE Other Revenue TOTAL OPERATING REVENUES Expenses Clinical Salaries Expense Clinical Benefits Expense $5,135,016 Balance sheet- ASC FYE 6/30/2020 Current Assets FY 2020 6/30/20 $13,991,120 7,946,682 Cash $437,774 Short Term Investments 62,539 629,600 Net Patient Accounts Receivable 801,907 279,822 Inventory 114,620 TOTAL CURRENT ASSETS $1,416,839 24,000 $5,159,016 Long Term Assets Property Plant & Equipment $10,735,402 Less: Accumulated Depreciation 5,035,285 Admin Salaries Expense $608,988 91,348 228,660 NET PROPERTY PLANT & EQUIPMENT $5,700,117 TOTAL ASSETS $7,116,956 Admin Benefits Expense 34,299 Allocated Overhead Salaries & Benefits Expense 250,000 Current Liabilities TOTAL PERSONNEL EXPENSE $1,213,295 Salaries Payable $16,186 Accrued Expenses Payable 140,863 Drugs & Supply Expense $1,549,491 Other Accounts Payable 12,500 General & Administrative Expense 200,000 TOTAL CURRENT LIABILITIES $169,549 Facilities & Equipment Expense 300,000 Depreciation Expense 812,143 Interest Expense 323,612 Long Term Liabilities Allocated Overhead Other Expenses 40,000 Long Term Loans Payable $4,381,082 TOTAL OPERATING EXPENSES $4,438,540 TOTAL LONG TERM LIABILITIES 4,381,082 TOTAL LIABILITIES $4,550,631 TOTAL OPERATING INCOME 720,475 Non Operating Income 938 Common stock (50,000 shares, $10 par) $500,000 EXCESS OF REVENUES OVER EXPENSES $721,414 Dividend payable for FY 20 200,000 Income taxes (35%) 252,495 Retained Earnings 1,866,325 NET INCOME $468,919 TOTAL LIABILITIES AND EQUITY $7,116,956 OPERATIONAL STATISTICS # of Surgical Cases Per Year # of OR in Operation # of FTEs 3,698 3.00 13.72