Md Saiadul Alam

Management Report Express Auto Plus, LLC For the period ended December 31, 2022 Prepared by Saiadul Bookkeeping Service Prepared on June 24, 2024 For management use only Table of Contents Profit and Loss ......................................................................................................................................................3 Balance Sheet.......................................................................................................................................................6 Statement of Cash Flows......................................................................................................................................7 2/7 Profit and Loss January - December 2022 Total INCOME Lease Income Cash Checks Credit card 1,657,147.82 1,415,911.65 Total Lease Income Misc Income Sales Tax 3,073,- -155,569.94 Services Total Income COST OF GOODS SOLD Car Warranty COS- Floor Plan/Loan fees Customer Refund License Plates Merchant Fees Parts Purchased Repairs Subcontractor Auto Image Spa B & B Towing Bisutti Automotive Bmb Elite Auto Care Capital Collision FTB Towing Fumble Towing & Recovery Hound Dogs Towing Mark Mosley Ron Burk Steering Column Specialist Tami Strickland Vilayphet Rajamountry Wane Wane Auto Shop William Chapman Total Subcontractor Subcontractors-COS Supplies & Materials - COGS Title Fees Towing Fees Vehicle Fuel Vehicle Maintenance Vehicle Repo Express Auto Plus, LLC 0.91 2,917,-,-,-,-,-,-,-,212.11 8,-,575.00 8,-,-,330.00 8,670.00 5,263.50 5,180.00 1,495.00 3,-,396.00 3,540.00 1,200.00 4,-,563.11 2,-,-,-,700.00 1,305.00 3/7 Total Total Cost of Goods Sold GROSS PROFIT 959,181.21 1,958,574.23 EXPENSES Bank Charges Contract Labor Delivery fees Donations Dues & Subscriptions Equipment Lease -,-,-,411.52 8,202.40 Health Insurance Impound Fee's Insurance Interest Expense 1st Choice AFC Amex LHPH Nextgear 33,580.14 1,-,913.89 6,296.92 2,-,042.78 8,346.42 Total Interest Expense Landscaping Late Fees Legal & Professional Fees Accounting 158,312.40 2,-,357.30 Total Legal & Professional Fees Licenses & Permits Management Fee's PR Marketing Advertising Meals and Entertainment Membership Fees Office Equipment Office Expenses Permit Fee Property Insurance Property Taxes Rent or Lease Repair & Maintenance Building 11,307.30 1,-,000.00 2,-,-,-,715.71 3,-,-,350.00 1,086.63 Total Repair & Maintenance Security Software Expense Supplies 29,-,587.91 1,536.08 Tax CAT 10,494.00 Express Auto Plus, LLC 4/7 Total State 14,853.91 Total Tax Transportation Uniform Services 25,347.91 2,282.60 3,972.52 Utilities Electric Gas Trash Removal Water 4,860.11 4,953.82 1,939.35 1,955.93 Total Utilities 13,709.21 Total Expenses NET OPERATING INCOME OTHER INCOME CPI Claims 775,789.86 1,182,-,902.12 Total Other Income 355,902.12 NET OTHER INCOME 355,902.12 NET INCOME Express Auto Plus, LLC $1,538,686.49 5/7 Balance Sheet As of December 31, 2022 Total ASSETS Current Assets Bank Accounts Express Recon 1560 Heartland Bank -,707.92 Total Bank Accounts 40,682.21 Total Current Assets 40,682.21 Fixed Assets Accumulated Depreciation Inventory Asset Total Fixed Assets Other Assets Loan Rec - Express Recon Total Other Assets TOTAL ASSETS -4,163,086.88 6,601,510.53 2,438,-,-,400.00 $2,609,505.86 LIABILITIES AND EQUITY Liabilities Current Liabilities Credit Cards Amex Plus Acct 34,724.25 Total Credit Cards 34,724.25 Other Current Liabilities LHPH Loan Payable-Robert Total Other Current Liabilities Total Current Liabilities Long-Term Liabilities SBA loan Total Long-Term Liabilities Total Liabilities 1,408,-,000.00 1,583,329.69 1,618,-,-,400.00 1,748,453.94 Equity Account Reconciliation Adjustment Opening Balance Equity Retained Earnings Shareholders Distribution Net Income Total Equity TOTAL LIABILITIES AND EQUITY Express Auto Plus, LLC 1,-,641.07 -634,345.30 -63,301.45 1,538,-,051.92 $2,609,505.86 6/7 Statement of Cash Flows January - December 2022 Total OPERATING ACTIVITIES Net Income Adjustments to reconcile Net Income to Net Cash provided by operations: Amex Plus Acct LHPH Total Adjustments to reconcile Net Income to Net Cash provided by operations: Net cash provided by operating activities INVESTING ACTIVITIES Inventory Asset Net cash provided by investing activities 1,538,-,-,-,215.78 2,254,902.27 -2,438,423.65 -2,438,423.65 FINANCING ACTIVITIES Loan Grant Account Reconciliation Adjustment Opening Balance Equity Shareholders Distribution Net cash provided by financing activities NET CASH INCREASE FOR PERIOD Cash at beginning of period CASH AT END OF PERIOD Express Auto Plus, LLC -10,000.00 1,-,-,-,972.18 -158,-,231.41 $40,682.21 7/7