Muhammad Sadaqat

VIRTELLIGENCE INC Profit and Loss January - August, 2023 Total Income 5000 Consulting Income 5001 HC Consulting Income 365,687.81 5007 Client Travel Expenses Total 5000 Consulting Income 9,374.23 $ HC Consulting Income 1,871,851.01 Unapplied Cash Payment Income Total Income 375,062.04 1,309.50 $ 2,248,222.55 Cost of Goods Sold 7400 Consultant Salaries 7470 Salaries and Wages-HC 1,091,513.30 7471 Salaries and Wages-IT Total 7400 Consultant Salaries -3.52 $ 1,091,509.78 7500 Consultant Benefits 7551 ER Social Security Expense 63,806.42 7552 ER Medicare Expense 18,796.77 7553 ER SUI Expense 9,024.05 7554 ER FUTA Expense Total 7500 Consultant Benefits 401.80 $ 92,029.04 7700 Contract Labor 7711 Contract Labor - HC Total 7700 Contract Labor 514,566.19 $ 8610 Consultant Travel/Parking/Meals 514,566.19 6,807.50 Total Cost of Goods Sold $ 1,704,912.51 Gross Profit $ 543,310.04 Expenses 6180 Insurance 7900 Business 549.00 7930 Insurance-Medical Others Total 6180 Insurance -371.19 $ 177.81 7401 Salaries & Benefits - Office 7478 Salaries - Office Staff 186,305.48 7491 Commissions - IT 30,331.73 7555 ER Social Security - Office 8,386.90 7556 ER Medicare - Office Staff 2,800.35 7557 ER SUI - Office Staff 4,548.07 7558 ER FUTA - Office Staff Total 7401 Salaries & Benefits - Office 88.52 $ 232,461.05 7600 Marketing & Advertising 7830 Sponsorship and Membership Total 7600 Marketing & Advertising 8000 Rent & Office Expense 22,326.44 $ 22,326.44 8100 Office Expense 7660 Bank Service Charges 1,356.63 7840 Dues and Subscriptions 6,668.42 8070 Miscellaneous 4,227.52 8190 Postage and Delivery 307.45 8400 Repairs and Maintenance 2,527.61 8450 Software 4,710.31 8500 Office Supplies Total 8100 Office Expense 1,506.78 $ 21,304.72 $ 56,304.72 8330 Office Rent Total 8000 Rent & Office Expense 35,000.00 8210 Professional Fees 7570 Accounting 6,900.00 7571 Time & Expense Processing 5,115.65 8020 Legal Fees 13,480.50 8130 Payroll Processing 13,691.83 Total 8210 Professional Fees $ 39,187.98 8270 Recruiting Expenses 6130 Other Cost of Doing Business 59.90 6131 Recruiting Expenses Total 6130 Other Cost of Doing Business 715.75 $ 7870 Foreign Subcontractor 119,350.00 8275 Search Engines Total 8270 Recruiting Expenses 775.65 12,148.89 $ 132,274.54 8550 Telephone 7980 Internet 514.71 8551 Cell Phone 1,385.21 8552 Hard Line 1,776.88 8553 Internet Access Total 8550 Telephone 888.69 $ 4,565.49 8600 Travel and Entertainment 2,133.52 7630 Automobile Expense 6,932.88 8620 Entertainment 8621 Entertainment 50%taxable Total 8620 Entertainment 24,504.92 $ 8630 Lodging 24,504.92 3,920.58 8670 Transportation 8671 Airfare 9,840.19 8672 Car Rental 1,405.34 8673 Other Transportation Total 8670 Transportation Total 8600 Travel and Entertainment 12,334.87 $ 23,580.40 $ 61,072.30 9320 Operating Taxes 873.00 9332 Washington State Tax Total 9320 Operating Taxes 2,401.13 $ 3,274.13 Unapplied Cash Bill Payment Expense -1,000.00 Uncategorized Expense 10,397.36 Total Expenses $ Net Operating Income -$ 561,-,731.78 Other Expenses 6200 Interest Expense 16.00 Total Other Expenses $ 16.00 Net Other Income -$ 16.00 Net Income -$ 17,747.78 Tuesday, Oct 24, 2023 01:46:16 PM GMT-7 - Cash Basis