Sola Retail Group – Income Statement

LINE ITEM	June 2024	July 2024	August 2024	September 2024	October 2024	November 2024	December 2024
REVENUE
PRODUCT & SERVICE REVENUE
Retail Sales			$26,286.16	$31,300.06	$34,355.64	$36,042.78	$40,826.17
Lottery Commission			$1,379.62	$1,380.47	$1,342.65	$1,291.60	$1,419.03
Hotspot Sales Revenue			$41,690.00	$45,200.00	$45,500.00	$49,335.00	$60,685.00
ATM INCOME
ATM Surcharge Income			$4,496.35	$4,226.53	$4,111.94	$4,352.67	$4,095.47
ATM Refill & Maintenance			($2,738.14)	($1,803.80)	($1,679.07)	($1,669.60)	($1,038.17)
ATM Income (Net)			$1,758.21	$2,422.73	$2,432.87	$2,683.07	$3,057.30
TOTAL REVENUE			$71,113.99	$80,303.26	$83,631.16	$89,352.45	$105,987.50
COST OF GOODS SOLD (COGS)
Retail Merchandise Purchases		$120,093.21	$19,211.77	$29,639.75	$34,674.61	$34,477.67	$16,352.46
Hotspot Voucher Purchases		$51,000.00	$24,900.00	$24,900.00	$26,400.00	$27,900.00	$25,800.00
TOTAL COGS		$171,093.21	$44,111.77	$54,539.75	$61,074.61	$62,377.67	$42,152.46
GROSS PROFIT		($171,093.21)	$27,002.22	$25,763.51	$22,556.55	$26,974.78	$63,835.04
GROSS MARGIN %			38.0%	32.1%	27.0%	30.2%	60.2%
OPERATING EXPENSES
Rent	$2,500.00	$2,500.00	$2,500.00	$2,500.00	$2,500.00	$2,500.00	$2,500.00
Salaries & Wages			$18,326.00	$18,342.00	$18,072.00	$18,532.00	$19,480.00
Employee Benefits			$1,466.08	$1,467.36	$1,445.76	$1,482.56	$1,558.40
Utilities			($714.61)	($812.62)	($883.44)	($901.14)	($764.89)
Repairs & Maintenance			$754.37	$747.41			$610.82
Insurance			$1,250.00			$1,250.00
Taxes & Licenses			$1,970.57	$1,953.84	$1,969.59	$1,949.29	$2,072.00
TOTAL OPERATING EXPENSES	$2,500.00	$2,500.00	$25,552.41	$24,197.99	$23,103.91	$24,812.71	$25,456.33
OPERATING INCOME	($2,500.00)	($173,593.21)	$1,449.81	$1,565.52	($547.36)	$2,162.07	$38,378.71
NET INCOME	($2,500.00)	($173,593.21)	$1,449.81	$1,565.52	($547.36)	$2,162.07	$38,378.71

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
REVENUE
PRODUCT & SERVICE REVENUE
Retail Sales	$30,491.67	$27,089.61	$29,731.78	$27,531.64	$30,467.87	$31,905.53	$33,411.65	$34,100.30	$33,332.75	$31,695.39	$34,581.69	$40,656.44
Lottery Commission	$1,349.99	$1,510.56	$1,540.40	$1,655.81	$1,405.74	$1,522.50	$1,455.95	$1,308.65	$1,423.05	$1,489.23	$1,397.28	$1,365.89
Hotspot Sales Revenue	$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
ATM INCOME
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
ATM Refill & 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)
ATM Income (Net)	$4,831.58	$2,923.94	$3,749.34	$1,571.97	$3,981.12	$2,313.44	$1,108.31	$2,029.98	$3,203.03	$2,206.13	$2,803.21	$2,491.83
TOTAL REVENUE	$95,208.24	$90,054.11	$99,126.52	$91,064.42	$100,359.73	$98,796.47	$99,240.91	$105,653.93	$101,633.83	$104,180.75	$108,807.18	$111,269.16
COST OF GOODS SOLD (COGS)
Retail Merchandise Purchases	$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
Hotspot Voucher Purchases	$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
TOTAL COGS	$42,539.17	$43,383.39	$56,287.95	$45,364.18	$78,896.76	$57,402.64	$68,289.87	$68,336.11	$63,323.41	$66,144.93	$80,110.41	$80,289.05
GROSS PROFIT	$52,669.07	$46,670.72	$42,838.57	$45,700.24	$21,462.97	$41,393.83	$30,951.04	$37,317.82	$38,310.42	$38,035.82	$28,696.77	$30,980.11
GROSS MARGIN %	55.3%	51.8%	43.2%	50.2%	21.4%	41.9%	31.2%	35.3%	37.7%	36.5%	26.4%	27.8%
OPERATING EXPENSES
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
Salaries & Wages	$19,814.00	$17,422.00	$18,323.00	$17,992.00	$18,411.00	$18,450.00	$17,639.00	$19,896.00	$18,524.00	$19,061.00	$17,208.00	$18,697.00
Employee Benefits	$1,585.12	$1,393.76	$1,465.84	$1,439.36	$1,472.88	$1,476.00	$1,411.12	$1,591.68	$1,481.92	$1,524.88	$1,376.64	$1,495.76
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)
Repairs & Maintenance	$773.95	$780.93	$239.60				$172.33	$258.25	$353.24		$511.20	$895.44
Insurance		$1,250.00			$1,250.00			$1,250.00			$1,250.00
Taxes & Licenses	$2,264.63	$1,853.04	$1,979.11	$2,001.44	$2,005.92	$1,967.35	$1,975.33	$2,149.07	$2,043.23	$2,060.87	$1,932.56	$2,034.69
TOTAL OPERATING EXPENSES	$25,822.33	$24,175.10	$23,434.76	$22,954.46	$24,639.51	$23,373.71	$22,821.01	$26,752.27	$24,088.31	$24,241.75	$23,908.04	$24,607.89
OPERATING INCOME	$26,846.74	$22,495.62	$19,403.81	$22,745.78	($3,176.54)	$18,020.12	$8,130.03	$10,565.55	$14,222.11	$13,794.07	$4,788.73	$6,372.22
NET INCOME	$26,846.74	$22,495.62	$19,403.81	$22,745.78	($3,176.54)	$18,020.12	$8,130.03	$10,565.55	$14,222.11	$13,794.07	$4,788.73	$6,372.22

LINE ITEM	January 2026	February 2026
REVENUE
PRODUCT & SERVICE REVENUE
Retail Sales	$30,900.44	$26,614.86
Lottery Commission	$1,439.71	$1,449.23
Hotspot Sales Revenue	$70,725.00	$66,990.00
ATM INCOME
ATM Surcharge Income	$3,707.85	$3,702.38
ATM Refill & Maintenance	($565.31)	($1,768.38)
ATM Income (Net)	$3,142.54	$1,934.00
TOTAL REVENUE	$106,207.69	$96,988.09
COST OF GOODS SOLD (COGS)
Retail Merchandise Purchases	$27,709.81	$30,572.12
Hotspot Voucher Purchases	$42,000.00	$42,300.00
TOTAL COGS	$69,709.81	$72,872.12
GROSS PROFIT	$36,497.88	$24,115.97
GROSS MARGIN %	34.4%	24.9%
OPERATING EXPENSES
Rent	$2,500.00	$2,500.00
Salaries & Wages	$19,415.00	$18,140.00
Employee Benefits	$1,553.20	$1,451.20
Utilities	($992.71)	($972.91)
Repairs & Maintenance	$375.60	$378.38
Insurance		$1,250.00
Taxes & Licenses	$2,216.75	$1,948.45
TOTAL OPERATING EXPENSES	$25,067.84	$24,695.12
OPERATING INCOME	$11,430.04	($579.15)
NET INCOME	$11,430.04	($579.15)

Sola Retail Group — Income Statement