Sola Retail Group – Balance Sheet (Restated)

LINE ITEM	May 2024	June 2024	July 2024	August 2024	September 2024	October 2024	November 2024	December 2024
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	$270,000.00	$267,500.00	$93,906.79	$82,835.49	$77,456.25	$69,652.55	$61,574.80	$90,489.63
Prepaid Insurance				$833.33	$416.67		$833.33	$416.67
Prepaid Lottery Tickets				$11,725.00	$13,534.00	$16,030.00	$19,454.00	$19,659.00
Hotspot Voucher Inventory			$51,000.00	$50,886.00	$48,666.00	$47,766.00	$46,065.00	$35,454.00
Retail Merchandise Inventory (WAC)			$120,092.28	$124,965.46	$138,726.78	$154,744.19	$170,336.13	$166,257.46
TOTAL CURRENT ASSETS	$270,000.00	$267,500.00	$264,999.07	$271,245.28	$278,799.70	$288,192.74	$298,263.26	$312,276.76
NON-CURRENT ASSETS
Property Plant and Equipment
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS	$270,000.00	$267,500.00	$264,999.07	$271,245.28	$278,799.70	$288,192.74	$298,263.26	$312,276.76
LIABILITIES
CURRENT LIABILITIES
Deferred Lottery Commission				$644.38	$743.41	$880.26	$1,068.16	$1,079.13
Sales Tax Payable
Payroll Tax Payable
Rent Payable
TOTAL CURRENT LIABILITIES				$644.38	$743.41	$880.26	$1,068.16	$1,079.13
TOTAL LONG-TERM LIABILITIES
TOTAL LIABILITIES				$644.38	$743.41	$880.26	$1,068.16	$1,079.13
OWNER'S EQUITY
Owner's Capital	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00
Retained Earnings		($2,500.00)	($125,093.21)	($124,364.56)	($130,170.49)	($135,931.71)	($140,641.03)	($121,559.83)
Owner Drawings (Cumulative)					$500.00	$1,500.00	$2,500.00	$3,500.00
TOTAL EQUITY	$270,000.00	$267,500.00	$144,906.79	$145,635.44	$139,829.51	$134,068.29	$129,358.97	$148,440.17
TOTAL LIABILITIES AND EQUITY	$270,000.00	$267,500.00	$144,906.79	$146,279.82	$140,572.92	$134,948.55	$130,427.13	$149,519.30
MEMO — IS vs BS Retained Earnings Reconciliation
IS-Based Retained Earnings		($2,500.00)	($176,093.21)	($174,643.40)	($173,577.88)	($175,125.24)	($173,963.17)	($136,584.46)
ADJUSTMENT NOTES (for reference only)
Hotspot Inventory Write-Down
Deferred Commission Increase
Total Equity Impact

LINE ITEM	January 2025	February 2025	March 2025	April 2025	May 2025	June 2025	July 2025	August 2025	September 2025	October 2025	November 2025	December 2025
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	$111,202.87	$130,413.84	$147,237.86	$173,825.73	$167,957.74	$182,989.21	$184,324.02	$187,308.28	$195,008.66	$207,324.29	$206,513.80	$208,833.24
Prepaid Insurance		$833.33	$416.67		$833.33	$416.67		$833.33	$416.67		$833.33	$416.67
Prepaid Lottery Tickets	$22,022.00	$21,463.00	$20,164.00	$16,467.00	$17,817.00	$17,043.00	$17,481.00	$18,595.00	$19,627.00	$18,857.00	$20,359.00	$17,731.00
Hotspot Voucher Inventory	$29,433.00	$24,915.00	$20,052.00	$19,269.00	$14,466.00	$10,533.00	$6,174.00	$8,445.00	$13,440.00	$12,966.00	$12,951.00	$14,898.00
Retail Merchandise Inventory (WAC)	$161,285.43	$157,620.60	$162,068.76	$152,726.33	$177,323.39	$180,650.33	$194,002.96	$197,289.56	$195,526.34	$197,522.40	$211,976.95	$223,772.02
TOTAL CURRENT ASSETS	$323,943.30	$335,245.77	$349,939.29	$362,288.06	$378,397.46	$391,632.21	$401,981.98	$412,471.17	$424,018.67	$436,669.69	$452,634.08	$465,650.93
NON-CURRENT ASSETS
Property Plant and Equipment
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS	$323,943.30	$335,245.77	$349,939.29	$362,288.06	$378,397.46	$391,632.21	$401,981.98	$412,471.17	$424,018.67	$436,669.69	$452,634.08	$465,650.93
LIABILITIES
CURRENT LIABILITIES
Deferred Lottery Commission	$1,208.64	$1,177.58	$1,105.68	$901.87	$975.63	$932.63	$956.18	$1,017.03	$1,073.48	$1,030.75	$1,112.97	$968.08
Sales Tax Payable
Payroll Tax Payable
Rent Payable
TOTAL CURRENT LIABILITIES	$1,208.64	$1,177.58	$1,105.68	$901.87	$975.63	$932.63	$956.18	$1,017.03	$1,073.48	$1,030.75	$1,112.97	$968.08
TOTAL LONG-TERM LIABILITIES
TOTAL LIABILITIES	$1,208.64	$1,177.58	$1,105.68	$901.87	$975.63	$932.63	$956.18	$1,017.03	$1,073.48	$1,030.75	$1,112.97	$968.08
OWNER'S EQUITY
Owner's Capital	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00	$270,000.00
Retained Earnings	($103,050.77)	($86,052.41)	($73,735.15)	($49,840.14)	($56,401.56)	($44,450.75)	($42,477.16)	($30,335.42)	($12,081.15)	$3,616.54	$10,044.16	$16,410.83
Owner Drawings (Cumulative)	$5,500.00	$7,500.00	$9,500.00	$11,500.00	$13,500.00	$15,500.00	$20,500.00	$25,500.00	$30,500.00	$35,500.00	$40,500.00	$45,500.00
TOTAL EQUITY	$166,949.23	$183,947.59	$196,264.85	$220,159.86	$213,598.44	$225,549.25	$227,522.84	$239,664.58	$257,918.85	$273,616.54	$280,044.16	$286,410.83
TOTAL LIABILITIES AND EQUITY	$168,157.87	$185,125.17	$197,370.53	$221,061.73	$214,574.07	$226,481.88	$228,479.02	$240,681.61	$258,992.33	$274,647.29	$281,157.13	$287,378.91
MEMO — IS vs BS Retained Earnings Reconciliation
IS-Based Retained Earnings	($111,737.72)	($91,242.10)	($73,838.29)	($53,092.51)	($58,269.05)	($42,248.93)	($39,118.90)	($33,553.35)	($24,331.24)	($15,537.17)	($15,748.44)	($14,376.22)
ADJUSTMENT NOTES (for reference only)
Hotspot Inventory Write-Down
Deferred Commission Increase
Total Equity Impact

LINE ITEM	January 2026	February 2026
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	$222,267.71	$231,407.38
Prepaid Insurance		$833.33
Prepaid Lottery Tickets	$15,465.00	$12,822.00
Hotspot Voucher Inventory	$14,463.00	$6,213.00
Retail Merchandise Inventory (WAC)	$225,621.87	$228,001.00
TOTAL CURRENT ASSETS	$477,817.58	$479,276.71
NON-CURRENT ASSETS
Property Plant and Equipment
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS	$477,817.58	$479,276.71
LIABILITIES
CURRENT LIABILITIES
Deferred Lottery Commission	$842.87	$5,852.14
Sales Tax Payable
Payroll Tax Payable
Rent Payable
TOTAL CURRENT LIABILITIES	$842.87	$5,852.14
TOTAL LONG-TERM LIABILITIES
TOTAL LIABILITIES	$842.87	$5,852.14
OWNER'S EQUITY
Owner's Capital	$270,000.00	$270,000.00
Retained Earnings	$33,852.84	$34,923.57
Owner Drawings (Cumulative)	$52,500.00	$59,500.00
TOTAL EQUITY	$303,852.84	$304,923.57
TOTAL LIABILITIES AND EQUITY	$304,695.71	$310,775.71
MEMO — IS vs BS Retained Earnings Reconciliation
IS-Based Retained Earnings	($9,946.18)	($17,525.33)
ADJUSTMENT NOTES (for reference only)
Hotspot Inventory Write-Down		($10,356.00)
Deferred Commission Increase		$5,155.00
Total Equity Impact		($15,511.00)

Sola Retail Group — Balance Sheet (Restated)