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ASSETS 

Report: Balance Sheet 

Fly The Whale 

BALANCE SHEET 

As of December 31, 2014 

Current Assets 

Bank Accounts 

Chase • Maint (1125) 

Chase Checking 

Total Bank Accounts 

Other current assets 

J Tomkiel Loan DRAFT Joanne Tomkiel Loan 

SUBJECT TO C ~-~ j~ N G Eel iss a Tomkiel Short Term Loan 

Total Other current assets 

Total Current Assets 

Fixed Assets 

Accum. Depr. • Cesna 

Accum. Depr. ·Grand Caravan 

Accum.Dep~-Nav~o 

Cesna • Grand Caravan 

Cessna • Sea Plane 

Piper· Navajo 

Total Fixed Assets 

Other Assets 

Accum. Amort. • Closing Costs 

Closing Costs 

Investment • LIMA 

Security Deposits 

Total Other Assets 

TOTAL ASSETS 

LIABILITIES AND EQUITY 

Liabilities 

Current Liabilities 

Credit Cards 

American Express 

Chase Credit Card 

Citi Credit Card 

Total Credit Cards 

Other Current liabilities 

Stanley Tomkiel Loan 

Tim Hoffman 

Total Other Current Liabilities 

TOTAL 

166.13 

131,476.94 

$131 ,643.07 

31,887.46 

15,577.64 

38,574.87 

$86,039.97 

$217,683.04 

-479,142.87 

-122,307.70 

-105,950.33 

1 ,223,077.11 

1 ,308,000.00 

294,851.42 

$2,118,527.63 

-1,683.50 

7,215.00 

( 114,437.50 

7,750.00 

':;$127' 719.00 

$2,463,929.67 

2,052.88 

-27,081.18 

0.00 

$ ·25,028.30 

-734.99 

-3,000.00 

$ ·3,734.99 

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4/2312015 

DRAFT 

Report: Balance Sheet 

Total Current liabilities 

Long-Term Liabilities 

First Bank - N135TW 

First Bank- N208JP 

Loan Payable - A. Clark (Pod) 

Loan Payable - Michael Clark 

N208JP Engine Loan 

N624AL Loan 

Total Long-Term Liabilities 

Total Liabilities 

Equity 

Opening Balance Equity 

0 C

u Am.~ er- Andrew /SUB.JECT T ·rl:~~.~~. er-Melissa 

Retained Earnings 

Net Income 

Total Equity 

TOTAL LIABILITIES AND EQUITY 

$ -28,763.29 

143,187.38 

234,029.02 

23,000.00 

-7,615.00 

297,321.12 

1,089,898.56 

$1 '779,821.08 

$1,751,057.79 

0.00 

1 ,091 ,888.00 

-305,357.00 

0.00 

-73,659.12 

$712,871.88 

$2,463,929.67 

Thursday, Apr 23,2015 10:48:57 AM PDT GMT-4- Cash Basis 

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4/2312015 

,~c\\ ' 

Report: Profit and Loss 

Fly The Whale 

PROFIT AND LOSS 

January- December 2014 

Income 

Discounts given 

N208JP Engine 

Processing 

Refunds-Allowances 

Sales 

Sales of Product Income 

Segment Fees 

. ~.'.vice/Fee Income 

1t City Charter Income 

Total Service/Fee Income 

Unapplied Cash Payment Income 

Total Income 

Cost of Goods Sold 

Aircraft Fuel 

Cost of Goods Sold 

Docking Fees 

Landing Fees 

Ramp Fee 

Subcontractors - COS 

Total Cost of Goods Sold 

Gross Profit 

Expenses 

Advertising 

Aircraft Maintenance 

Airline Doctor's 

Auto 

Bad Debts 

Bank Charges 

Bill Kline 

Brokered Charters 

Charitable Contribution 

Commissions & fees 

Dues & Subscriptions 

FET 

Freight & Delivery 

Insurance 

Job Materials 

Landing Fee 

Legal & Professional Fees 

Meals and Entertainment 

TOTAL 

-55.00 

85,000.00 

21,779.65 

-8,308.51 

1,227,427.80 

44,034.80 

228.00 

10,039.75 

188.65 

10,228.40 

6,140.00 

$1 ,386,475.14 

234,720.12 

-702.63 

38,425.00 

9,507.97 

15,947.54 

3,235.38 

$301 '133.38 

$1,085,341.76 

46,862.18 

445,821.79 

3,664.52 

7,621.63 

0.00 

9,904.39 

1,000.00 

79,192.75 

250.00 

2,135.40 

20,692.46 

-8,726.29 

8.77 

54,284.99 

697.63 

13,485.34 

43,352.94 

18,974.04 

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4/2312015 Report: Profit and Loss 

Office Expenses 

Other General and Admin Expenses 

Payroll Expenses 

Reimbursable Expenses 

Rent or Lease 

Repair & Maintenance 

Shipping and delivery expense 

Taxes & Licenses 

Travel 

Uniforms 

ies 

1l Phone Service 

IP Phone 

Total Utilities 

Total Expenses 

Net Operating Income 

Other Expenses 

Miscellaneous 

Total Other Expenses 

Net Other Income 

Net Income 

3,737.26 

1,828.52 

294,917.63 

10,439.25 

53,082.43 

517.59 

3,112.64 

293.14 

31,823.41 

358.00 

530.97 

4,674.32 

378.31 

5,583.60 

$1 '144,916.01 

$ ·59,574.25 

14,084.87 

$14,084.87 

$ ·14,084.87 

$ -73,659.12 

Thursday, Apr 23,2015 10:49:21 AM POT GMT-4- Cash Basis 

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