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  • Profit Loss - 12month Comparison

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    Ibrahim Syed
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    The document is a profit and loss statement for Infrathin Apparel Inc. over a 12 month period from July 2019 through June 2020. It shows total income of $32,272.04, total cost of goods sold of $22,829.30, and a gross profit of $9,442.74. However, total expenses for the period were $44,187.33, resulting in a net loss of $34,744.59. The largest expenses were advertising & promotion at $19,305.33 and payroll & subcontracted labor at $5,850.

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    The document is a profit and loss statement for Infrathin Apparel Inc. over a 12 month period from July 2019 through June 2020. It shows total income of $32,272.04, total cost of goods sold of $22,829.30, and a gross profit of $9,442.74. However, total expenses for the period were $44,187.33, resulting in a net loss of $34,744.59. The largest expenses were advertising & promotion at $19,305.33 and payroll & subcontracted labor at $5,850.

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    16 views2 pages

    Profit Loss - 12month Comparison

    Uploaded by

    Ibrahim Syed
    The document is a profit and loss statement for Infrathin Apparel Inc. over a 12 month period from July 2019 through June 2020. It shows total income of $32,272.04, total cost of goods sold of $22,829.30, and a gross profit of $9,442.74. However, total expenses for the period were $44,187.33, resulting in a net loss of $34,744.59. The largest expenses were advertising & promotion at $19,305.33 and payroll & subcontracted labor at $5,850.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Infrathin Apparel Inc

    Profit & Loss - 12 Month Comparison


    Cash Basis July 2019 through June 2020

    Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20


    Income
    Income 2,300.00 3,445.00 3,340.00 229.50 10,956.25 1,695.29 379.19 485.82 545.20

    Total Income 2,300.00 3,445.00 3,340.00 229.50 10,956.25 1,695.29 379.19 485.82 545.20

    Cost of Goods Sold


    Cost of Goods Sold 0.00 9,042.50 7,150.50 0.00 0.00 6,371.30 0.00 0.00 0.00

    Total COGS 0.00 9,042.50 7,150.50 0.00 0.00 6,371.30 0.00 0.00 0.00

    Gross Profit 2,300.00 -5,597.50 -3,810.50 229.50 10,956.25 -4,676.01 379.19 485.82 545.20

    Expense
    Advertising & Promotion 159.98 0.00 0.00 4,369.60 1,500.00 7,275.75 3,000.00 3,000.00 0.00
    Bank and Merchant Fees 33.20 30.00 71.40 33.53 30.00 30.00 30.00 33.55 39.15
    Dues & Subscriptions 99.00 99.00 99.00 99.00 99.00 404.55 173.93 115.02 113.02
    Meals - Business 0.00 0.00 0.00 0.00 0.00 30.71 0.00 0.00 0.00
    No Check Image 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    Office Supplies & Equipment 0.00 0.00 0.00 165.00 450.00 0.00 0.00 120.08 0.00
    Payment Apps 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    Payroll & Subcontracted Labor 0.00 0.00 0.00 0.00 0.00 4,350.00 1,500.00 0.00 0.00
    Postage & Delivery 4.81 56.43 0.00 9.20 261.99 0.00 0.00 37.10 103.61
    Professional Fees 4,335.00 287.50 3,500.73 -3,596.78 68.00 68.00 658.34 63.50 99.00
    Taxes 0.00 100.00 0.00 0.00 162.91 0.00 8.00 0.00 0.00

    Total Expense 4,631.99 572.93 3,671.13 1,079.55 2,571.90 12,159.01 5,370.27 3,369.25 354.78

    Net Income -2,331.99 -6,170.43 -7,481.63 -850.05 8,384.35 -16,835.02 -4,991.08 -2,883.43 190.42

    Page 1
    Infrathin Apparel Inc
    Profit & Loss - 12 Month Comparison
    Cash Basis July 2019 through June 2020

    Apr 20 May 20 Jun 20 TOTAL


    Income
    Income 246.19 8,649.60 0.00 32,272.04

    Total Income 246.19 8,649.60 0.00 32,272.04

    Cost of Goods Sold


    Cost of Goods Sold 0.00 265.00 0.00 22,829.30

    Total COGS 0.00 265.00 0.00 22,829.30

    Gross Profit 246.19 8,384.60 0.00 9,442.74

    Expense
    Advertising & Promotion 0.00 0.00 0.00 19,305.33
    Bank and Merchant Fees 65.00 60.00 0.00 455.83
    Dues & Subscriptions 107.04 252.75 0.00 1,661.31
    Meals - Business 0.00 0.00 0.00 30.71
    No Check Image 3,307.50 0.00 0.00 3,307.50
    Office Supplies & Equipment 1,382.48 914.25 0.00 3,031.81
    Payment Apps 3,000.00 1,000.00 0.00 4,000.00
    Payroll & Subcontracted Labor 0.00 0.00 0.00 5,850.00
    Postage & Delivery 0.00 0.00 0.00 473.14
    Professional Fees 231.50 71.00 0.00 5,785.79
    Taxes 15.00 0.00 0.00 285.91

    Total Expense 8,108.52 2,298.00 0.00 44,187.33

    Net Income -7,862.33 6,086.60 0.00 -34,744.59

    Page 2

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