REVENUES Current Current Y-T-D Y-T-D Prior
(QTR + Y-T-D) Amount Percent Amount Percent Yr %
---------------------- ----------------------------------------------------
TOTAL NET SALES 175,800.12 100.00 347,888.38 100.00 100.00
COST OF SALES 52,710.10 29.98 94,071.67 27.04 14.06
----------------------------------------------------
GROSS PROFIT 123,090.02 70.02 253,816.71 72.96 85.94
OPERATING EXPENSES
-----------------------
Administrative Salaries 4,991.56 2.84 8,556.96 2.46 2.21
Salaries & Wages 28,221.08 16.50 47,288.44 13.59 6.57
Employee Benefits 806.74 0.46 1,384.65 0.40 0.23
Advertising: General 974.50 0.55 1,474.50 0.42 0.40
Advertising: Mail Order
Advertising: WWW
Accounting 444.25 0.25 1,333.75 0.38 0.06
Bank Service Charges 130.63 0.07 251.49 0.07 0.07
Books & Publications 327.70 0.19 1,135.18 0.33 0.12
We have always been engaged in extensive research and have used
Lumen Foods to fund our extracurricular spinoffs. Thus, books,
publications, lab fees & supplies, and research expenses
(see below) are all discretionary
and expendable for whoever purchases Lumen Foods. These
expenses are completely non-essential.
Commissions: Brokerages 8,793.39 5.00 12,235.59 3.52 2.58
Consulting Fees 200.00 0.06
Delivery 14.61 0.00 0.01
Dues/Subscrip'ns/Memberships 52.85 0.02 0.07-
Self-explanatory why we don't include it: it's discretionary
and non-essential.
Depreciation
Donation, Charitable 82.71 0.05 667.46 0.19
Self-explanatory.
Educational & Training 4.95 0.00
Entertainmt/Social Funct'n 774.54 0.44 1,206.88 0.35 0.09
Equipment/Vehicle Rental 3,961.25 2.25 7,481.10 2.15 1.24
We covered our explanation for these on the
Revised 7/31/04 books.
For the most part, self-explanatory. "Equipment / Vehicle Rental" is
almost entirely for vehicle use unrelated to the functioning
of the Lumen Foods' core business.
FDA / Kosher & Other Cert 7,100.00 4.04 8,086.00 2.32 0.72
Freight: Common Carrier 7,907.17 4.50 17,366.66 4.99 2.51
Freight: UPS 17,204.64 9.79 28,669.09 8.24 7.59
Gas, Oil & Tires 1,366.70 0.78 2,275.84 0.65 0.36
Groundskeeping 115.00 0.07 510.00 0.15 0.29
The "Gas, Oil & Tires" relates to Vehicles (above), so it's discretionary.
The "Groundskeeping" is discretionary because it not only relates to
maintaining the front of Lumen Foods, but our other real estate
holdings, which are unoccupied.
Insurance 1,540.04 0.88 4,796.56 1.38 1.09
Interest 345.62 0.20 2,541.41 0.73 6.13
Janitorial / Office Upkeep 0.14
Legal 8,396.70 4.78 16,634.90 4.78 3.73
Primarily unrelated to Lumen Foods business.
See explanation at "Legal Fees"
for 2004.
Maintenance, Building 2,091.08 1.19 2,315.97 0.67 0.04
Not tied to Lumen Foods operation.
See explanation at 2005 books.
Office / Computer Services 480.75 0.27 480.75 0.14 0.15
Office / Computer Supplies 1,699.96 0.97 2,143.14 0.62 0.30
Outside Services: General 3,474.95 1.98 7,472.42 2.15 2.21
Outside Services: Web Site 1,118.54 0.64 2,414.34 0.69 1.95
Payroll Taxes 6,259.60 3.56 12,472.93 3.59 2.95
Postage 1,242.33 0.71 1,930.90 0.56 0.46
Pest Control 300.00 0.17 500.00 0.14 0.14
Printing & Graphics 439.44 0.25 1,216.13 0.35 1.08
Repairs 3,416.48 1.94 6,158.40 1.77 0.44
Research Expense 1,478.52 0.84 4,239.12 1.22 1.78
Security 1,112.25 0.63 2,209.50 0.64 0.42
Shop Supplies 2,798.31 1.59 3,829.60 1.10 0.27
Taxes & Licenses 1.38
Taxes: Ad Valorem 4,131.27 2.35 4,131.27 1.19 1.86
Telecom: Basic / LDS 3,600.18 2.05 6,600.48 1.90 1.14
Telecom: Internet 248.76 0.14 497.52 0.14 0.12
Telecom: Cellular 1,035.16 0.59 1,751.31 0.50 0.36
Tenant Expenses 379.01 0.22 563.49 0.16 0.13
Self-explanatory: it's completely unrelated to Lumen Foods'
operation. Correspondingly, tenant income is taken out
below.
Utilities 9,425.25 5.36 14,594.66 4.20 3.06
Waste Disposal 1,193.97 0.68 1,983.10 0.57 0.37
Worker's Compensation 981.60 0.56 2,572.70 0.74 0.11
---------- ----- ---------- ------ -----
OPERATING EXPENSES 140.393.63 79.86 244,471.23 70.27 56.78
OPERATING PROFIT 17,303.61- 9.84- 9,345.48 2.69 29.16
OTHER INCOME
Coast Coast Payment 3,000.00 1.71 6,000.00 1.72 1.71
Le Panier Income 3,528.09 2.01 7,115.62 2.05 1.01
Damage Claims Paid 29.15 0.02 29.15 0.01
Rental Income 4,570.00 2.60 6,020.00 1.73 0.88
---------- ----- ---------- ----- -----
TOTAL OTHER INCOME 11,127.24 6.33 19,164.77 5.51 3.61
OTHER EXPENSE 0.00 0.00
---------- -----
TOTAL OTHER EXPENSE 73,065.26 8.99
---------- ----- ---------- ----- -----
NET PROFIT (or loss) 6,176.37 3.51- 28,510.25 8.20 73.19-
========= =========
As with
the 2004, and
2005 books we are redding
out the entire "Other Income" and "Other Expense" section here, because,
by their very nature, they involve activities that are unrelated to
the core business.
Below we have summarized the revised items
on which we comment above to show the financial results for this period:
Period ---> Qtr. Ending 1/31/06 6 Months Ending 1/31/06
---------------------------------------------------------------------------
Books & Publications 327.70 0.19 1,135.18 0.33 0.12
Dues/Subscrip'ns/Memberships 82.71 0.05 667.46 0.19
Entertainmt/Social Func'n 774.54 0.44 1,206.88 0.35 0.09
Equipment/Vehicle Rental 3,961.25 2.25 7,481.10 2.15 1.24
Gas, Oil & Tires 1,366.70 0.78 2,275.84 0.65 0.36
Groundskeeping 115.00 0.07 510.00 0.15 0.29
Interest 345.62 0.20 2,541.41 0.73 6.13
Legal 8,396.70 4.78 16,634.90 4.78 3.73
Maintenance, Building 2,091.08 1.19 2,315.97 0.67 0.04
Outside Services: General 3,474.95 1.98 7,472.42 2.15 2.21
Outside Services: Web Site 1,118.54 0.64 2,414.34 0.69 1.95
Research Expense 1,478.52 0.84 4,239.12 1.22 1.78
Tenant Expenses 379.01 0.22 563.49 0.16 0.13
------------------------ ---------- ----- ---------- ------ -----
Net Expense Reductions
ORIGINALLY STATED
OPERATING EXPENSES 140.393.63 79.86 244,471.23 70.27 56.78
REVISED OP EXPENSES: Obtained by adding the red figures above:
23,912.32 49,458.11
REVISED TOTAL
OPERATING EXPENSES: Obtained by subtracting "revised op exp" from the
originally stated Total Operating Expenses:
116,481.31 195,013.12
------------ ------------
ORIGINALLY STATED
OPERATING PROFIT 17,303.61- 9.84- 9,345.48 2.69 29.16
REVISION TO
ORIGINALLY STATED
OPERATING PROFIT: 6,608.71 58,803.59
========= ==========
OPERATING PROFIT 6,608.71 58,803.59 16.90
OTHER INCOME
Coast Coast Payment 3,000.00 1.71 6,000.00 1.72 1.71
Le Panier Income 3,528.09 2.01 7,115.62 2.05 1.01
Damage Claims Paid 29.15 0.02 29.15 0.01
Rental Income 4,570.00 2.60 6,020.00 1.73 0.88
---------- ----- ---------- ----- -----
TOTAL OTHER INCOME 11,127.24 6.33 19,164.77 5.51 3.61
OTHER EXPENSE 0.00 0.00
---------- -----
TOTAL OTHER EXPENSE 73,065.26 8.99
NET EFFECT BY
ELIMINATING "OTHER
INCOME & EXPENSES" 0 0
(Other Income
Exceeds Other Exp)
---------- ----- ---------- ----- -----
ORIGINALLY STATED
NET PROFIT (or loss) 6,176.37 3.51- 28,510.25 8.20 73.19-
======== =========
REVISED NET PROFIT
FOR QTR / YEAR ---> 6,608.71 58,803.59 16.90%
========= ==========
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