Baüne

Profit and Loss

January - December 2020

TOTAL
INCOME
Grant 27,245.05
Sales 34,452.26
Total Income $61,697.31
COST OF GOODS SOLD
Cost of Goods Sold 1,369.11
Total Cost of Goods Sold $1,369.11
GROSS PROFIT $60,328.20
EXPENSES
Advertising 3,267.00
Bad debts 670.00
Bank charges 823.69
Depreciation Expense
Computer Depreciation 285.71
LIPK 2 Depreciation 1,851.57
LIPK P Depreciation 2,240.00
Total Depreciation Expense 4,377.28
Dues and Subscriptions 2,446.39
Insurance 1,755.00
Legal and professional fees 1,904.76
Meals and entertainment 1,373.69
Office Supplies 849.87
Office/General Administrative Expenses 2,765.13
Payroll Expenses
Taxes 10,697.45
Wages 70,504.67
Total Payroll Expenses 81,202.12
Rent or lease payments 21,433.52
Repair and maintenance 2,731.76
Research and Development 4,236.12
Subcontractors 5,123.19
Travel 1,843.63
Vehicle – Repairs & Maintenance 229.95
Total Expenses $137,033.10
OTHER INCOME
Interest earned 2.42
Other Income-Government Grant 26,745.05
Total Other Income $26,747.47
OTHER EXPENSES
Miscellaneous -1,000.00
Total Other Expenses $ -1,000.00
PROFIT $ -48,957.43

Accrual Basis Monday, April 12, 2021 06:52 PM GMT+05:00 1/1