Sola Retail Group – Cash Flow Statement

LINE ITEM	May 2024	June 2024	July 2024	August 2024	September 2024	October 2024	November 2024	December 2024
BEGINNING CASH BALANCE	$270,000.00	$270,000.00	$267,500.00	$93,906.79	$82,835.49	$77,456.25	$69,652.55	$61,574.80
CASH FLOW FROM OPERATING ACTIVITIES
CASH INFLOWS
Cash Received - Retail Sales				$28,873.96	$30,913.93	$35,249.44	$34,968.11	$37,646.37
Cash Received - Hotspot Sales				$41,690.00	$45,200.00	$45,500.00	$49,335.00	$60,685.00
Cash Received - Lottery Ticket Sales				$25,075.00	$25,091.00	$24,404.00	$23,476.00	$25,795.00
Cash Received - ATM Surcharge Income				$4,496.35	$4,226.53	$4,111.94	$4,352.67	$4,095.47
Cash Received - Lottery Commission Credit				$2,024.00	$1,479.50	$1,479.50	$1,479.50	$1,430.00
Cash Over					$5.29		$15.24
TOTAL CASH INFLOWS				$102,159.31	$106,916.25	$110,744.88	$113,626.52	$129,651.84
CASH OUTFLOWS
Cash Paid - Retail Inventory			($120,093.21)	($19,211.77)	($29,639.75)	($34,674.61)	($34,477.67)	($16,352.46)
Cash Paid - Hotspot Vouchers			($51,000.00)	($24,900.00)	($24,900.00)	($26,400.00)	($27,900.00)	($25,800.00)
Cash Paid - Lottery to Authority				($36,800.00)	($26,900.00)	($26,900.00)	($26,900.00)	($26,000.00)
Cash Paid - ATM Refill and Maintenance				($2,738.14)	($1,803.80)	($1,679.07)	($1,669.60)	($1,038.17)
Cash Paid - Salaries and Benefits				($19,792.08)	($19,809.36)	($19,517.76)	($20,014.56)	($21,038.40)
Cash Paid - Rent		($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)
Cash Paid - Utilities				($714.61)	($812.62)	($883.44)	($901.14)	($764.89)
Cash Paid - Repairs and Maintenance				($754.37)	($747.41)			($610.82)
Cash Paid - Insurance				($1,250.00)			($1,250.00)
Cash Paid - Taxes and Licenses				($4,558.37)	($4,682.55)	($4,964.78)	($5,091.30)	($5,631.51)
Cash Short				($11.27)		($28.92)		($0.76)
TOTAL CASH OUTFLOWS		($2,500.00)	($173,593.21)	($113,230.61)	($111,795.49)	($117,548.58)	($120,704.27)	($99,737.01)
NET CASH FROM OPERATING ACTIVITIES		($2,500.00)	($173,593.21)	($11,071.30)	($4,879.24)	($6,803.70)	($7,077.75)	$29,914.83
CASH FLOW FROM INVESTING ACTIVITIES
Cash Paid - Purchase of Equipment
NET CASH FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
Owner Withdrawals					($500.00)	($1,000.00)	($1,000.00)	($1,000.00)
NET CASH FROM FINANCING ACTIVITIES					($500.00)	($1,000.00)	($1,000.00)	($1,000.00)
NET CHANGE IN CASH		($2,500.00)	($173,593.21)	($11,071.30)	($5,379.24)	($7,803.70)	($8,077.75)	$28,914.83
ENDING CASH BALANCE	$270,000.00	$267,500.00	$93,906.79	$82,835.49	$77,456.25	$69,652.55	$61,574.80	$90,489.63

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
BEGINNING CASH BALANCE	$90,489.63	$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
CASH FLOW FROM OPERATING ACTIVITIES
CASH INFLOWS
Cash Received - Retail Sales	$33,484.53	$29,690.56	$32,665.64	$34,234.55	$35,709.66	$35,003.78	$36,699.82	$37,337.29	$37,319.16	$39,064.19	$40,157.74	$44,698.65
Cash Received - Hotspot Sales	$58,535.00	$58,530.00	$64,105.00	$60,305.00	$64,505.00	$63,055.00	$63,265.00	$68,215.00	$63,675.00	$68,790.00	$70,025.00	$66,755.00
Cash Received - Lottery Ticket Sales	$24,537.00	$27,459.00	$27,999.00	$30,097.00	$25,550.00	$27,674.00	$26,462.00	$23,786.00	$25,868.00	$27,070.00	$25,398.00	$24,828.00
Cash Received - ATM Surcharge Income	$5,245.56	$3,808.53	$5,342.38	$3,869.74	$5,567.07	$3,784.57	$3,219.33	$3,484.65	$5,273.21	$4,162.70	$5,129.07	$3,558.47
Cash Received - Lottery Commission Credit	$1,479.50	$1,479.50	$1,468.50	$1,452.00	$1,479.50	$1,479.50	$1,479.50	$1,369.50	$1,479.50	$1,446.50	$1,479.50	$1,221.00
Cash Over				$3.00		$2.84			$1.72
TOTAL CASH INFLOWS	$123,281.59	$120,967.59	$131,580.52	$129,961.29	$132,811.23	$130,999.69	$131,125.65	$134,192.44	$133,616.59	$140,533.39	$142,189.31	$141,061.12
CASH OUTFLOWS
Cash Paid - Retail Inventory	($13,439.17)	($12,783.39)	($22,687.95)	($9,964.18)	($44,996.76)	($23,502.64)	($34,689.87)	($25,136.11)	($20,123.41)	($25,344.93)	($38,110.41)	($38,289.05)
Cash Paid - Hotspot Vouchers	($29,100.00)	($30,600.00)	($33,600.00)	($35,400.00)	($33,900.00)	($33,900.00)	($33,600.00)	($43,200.00)	($43,200.00)	($40,800.00)	($42,000.00)	($42,000.00)
Cash Paid - Lottery to Authority	($26,900.00)	($26,900.00)	($26,700.00)	($26,400.00)	($26,900.00)	($26,900.00)	($26,900.00)	($24,900.00)	($26,900.00)	($26,300.00)	($26,900.00)	($22,200.00)
Cash Paid - ATM Refill and Maintenance	($413.98)	($884.59)	($1,593.04)	($2,297.77)	($1,585.95)	($1,471.13)	($2,111.02)	($1,454.67)	($2,070.18)	($1,956.57)	($2,325.86)	($1,066.64)
Cash Paid - Salaries and Benefits	($21,399.12)	($18,815.76)	($19,788.84)	($19,431.36)	($19,883.88)	($19,926.00)	($19,050.12)	($21,487.68)	($20,005.92)	($20,585.88)	($18,584.64)	($20,192.76)
Cash Paid - Rent	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)	($2,500.00)
Cash Paid - Utilities	($1,115.37)	($1,024.63)	($1,072.79)	($978.34)	($1,000.29)	($1,019.64)	($876.77)	($892.73)	($814.08)	($905.00)	($870.36)	($1,015.00)
Cash Paid - Repairs and Maintenance	($773.95)	($780.93)	($239.60)				($172.33)	($258.25)	($353.24)		($511.20)	($895.44)
Cash Paid - Insurance		($1,250.00)			($1,250.00)			($1,250.00)			($1,250.00)
Cash Paid - Taxes and Licenses	($4,922.76)	($4,214.77)	($4,571.21)	($4,401.77)	($4,662.10)	($4,748.81)	($4,888.26)	($5,121.74)	($4,949.38)	($4,824.17)	($4,947.24)	($5,579.23)
Cash Short	($4.00)	($2.55)	($3.07)		($0.24)		($2.47)	($7.00)		($1.21)	($0.09)	($3.56)
TOTAL CASH OUTFLOWS	($100,568.35)	($99,756.62)	($112,756.50)	($101,373.42)	($136,679.22)	($113,968.22)	($124,790.84)	($126,208.18)	($120,916.21)	($123,217.76)	($137,999.80)	($133,741.68)
NET CASH FROM OPERATING ACTIVITIES	$22,713.24	$21,210.97	$18,824.02	$28,587.87	($3,867.99)	$17,031.47	$6,334.81	$7,984.26	$12,700.38	$17,315.63	$4,189.51	$7,319.44
CASH FLOW FROM INVESTING ACTIVITIES
Cash Paid - Purchase of Equipment
NET CASH FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
Owner Withdrawals	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)
NET CASH FROM FINANCING ACTIVITIES	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($2,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)	($5,000.00)
NET CHANGE IN CASH	$20,713.24	$19,210.97	$16,824.02	$26,587.87	($5,867.99)	$15,031.47	$1,334.81	$2,984.26	$7,700.38	$12,315.63	($810.49)	$2,319.44
ENDING CASH BALANCE	$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

LINE ITEM	January 2026	February 2026
BEGINNING CASH BALANCE	$208,833.24	$222,267.71
CASH FLOW FROM OPERATING ACTIVITIES
CASH INFLOWS
Cash Received - Retail Sales	$42,442.59	$45,103.01
Cash Received - Hotspot Sales	$70,725.00	$66,990.00
Cash Received - Lottery Ticket Sales	$26,166.00	$26,343.00
Cash Received - ATM Surcharge Income	$3,707.85	$3,702.38
Cash Received - Lottery Commission Credit	$1,314.50	$1,303.50
Cash Over	$0.86
TOTAL CASH INFLOWS	$144,356.80	$143,441.89
CASH OUTFLOWS
Cash Paid - Retail Inventory	($27,709.81)	($30,572.12)
Cash Paid - Hotspot Vouchers	($42,000.00)	($42,300.00)
Cash Paid - Lottery to Authority	($23,900.00)	($23,700.00)
Cash Paid - ATM Refill and Maintenance	($565.31)	($1,768.38)
Cash Paid - Salaries and Benefits	($20,968.20)	($19,591.20)
Cash Paid - Rent	($2,500.00)	($2,500.00)
Cash Paid - Utilities	($992.71)	($972.91)
Cash Paid - Repairs and Maintenance	($375.60)	($378.38)
Cash Paid - Insurance		($1,250.00)
Cash Paid - Taxes and Licenses	($4,910.70)	($4,268.77)
Cash Short		($0.46)
TOTAL CASH OUTFLOWS	($123,922.33)	($127,302.22)
NET CASH FROM OPERATING ACTIVITIES	$20,434.47	$16,139.67
CASH FLOW FROM INVESTING ACTIVITIES
Cash Paid - Purchase of Equipment
NET CASH FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
Owner Withdrawals	($7,000.00)	($7,000.00)
NET CASH FROM FINANCING ACTIVITIES	($7,000.00)	($7,000.00)
NET CHANGE IN CASH	$13,434.47	$9,139.67
ENDING CASH BALANCE	$222,267.71	$231,407.38

Sola Retail Group — Cash Flow Statement