<Company Name>
Consolidation Report
<Year>
	January	February	March	April	May	June	July	August	September	October	November	December	Annual
Profit-and-Loss Statement
Income
Gross revenue	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$12,000,000	$144,000,000
Cost of goods sold	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	36,000,000
Gross Margin	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$9,000,000	$108,000,000
Operating Expenses
Sales and marketing	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$14,400,000
Payroll and payroll taxes	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	5,400,000	64,800,000
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Insurance	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	3,600,000
Maintenance, repair, and overhaul	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	7,200,000
Utilities	720,000	720,000	720,000	720,000	720,000	720,000	720,000	720,000	720,000	720,000	720,000	720,000	8,640,000
Property taxes	0	0	0	0	0	0	0	0	0	0	0	0	0
Administrative fees	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	1,440,000
Other	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	1,440,000
Total Operating Expenses	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$8,460,000	$101,520,000
Operating Income (Loss)	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$540,000	$6,480,000
Interest expenses	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	$3,600,000
Operating Income Before Taxes	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$240,000	$2,880,000
Taxes	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	420,000	5,040,000
Net Income	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($2,160,000)
Balance Sheet
Current Assets
Cash and short-term investments	($180,000)	($360,000)	($540,000)	($720,000)	($900,000)	($1,080,000)	($1,260,000)	($1,440,000)	($1,620,000)	($1,800,000)	($1,980,000)	($2,160,000)	($2,160,000)
Accounts receivable	0	0	0	0	0	0	0	0	0	0	0	0	0
Total inventory	0	0	0	0	0	0	0	0	0	0	0	0	0
Prepaid expenses	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred income tax	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Assets	($180,000)	($360,000)	($540,000)	($720,000)	($900,000)	($1,080,000)	($1,260,000)	($1,440,000)	($1,620,000)	($1,800,000)	($1,980,000)	($2,160,000)	($2,160,000)
Property and Equipment
Buildings	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000
Land	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital improvements	0	0	0	0	0	0	0	0	0	0	0	0	0
Machinery and equipment	0	0	0	0	0	0	0	0	0	0	0	0	0
Less accumulated depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Property and Equipment	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000
Assets
Goodwill	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Deferred income tax	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-term investments	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000
Deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Other long-term assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	$1,140,000	$960,000	$780,000	$600,000	$420,000	$240,000	$60,000	($120,000)	($300,000)	($480,000)	($660,000)	($840,000)	($840,000)
Current Liabilities
Accounts payable	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000
Accrued expenses	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes payable/short-term debt	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital leases	0	0	0	0	0	0	0	0	0	0	0	0	0
Other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000	$120,000
Long-term debt	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000
Equity
Common stock	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000	$1,200,000
Preferred stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained earnings	(180,000)	(360,000)	(540,000)	(720,000)	(900,000)	(1,080,000)	(1,260,000)	(1,440,000)	(1,620,000)	(1,800,000)	(1,980,000)	(2,160,000)	(2,160,000)
Total Equity	$1,020,000	$840,000	$660,000	$480,000	$300,000	$120,000	($60,000)	($240,000)	($420,000)	($600,000)	($780,000)	($960,000)	($960,000)
Total Liabilities and Equity	$1,140,000	$960,000	$780,000	$600,000	$420,000	$240,000	$60,000	($120,000)	($300,000)	($480,000)	($660,000)	($840,000)	($840,000)
Statement of Cash Flow
Operating Activities
Net income	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($2,160,000)
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts receivable	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventories	0	0	0	0	0	0	0	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0
Other operating cash flow items	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Activities	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($2,160,000)
Investing Activities
Capital expenditures	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Acquisition of business	0	0	0	0	0	0	0	0	0	0	0	0	0
Sale of fixed assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Investing Activities	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Financing Activities
Long-term debt/financing	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Principal payment	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Financing Activities	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Cumulative Cash Flow	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($180,000)	($2,160,000)
Beginning Cash Balance	$0	($180,000)	($360,000)	($540,000)	($720,000)	($900,000)	($1,080,000)	($1,260,000)	($1,440,000)	($1,620,000)	($1,800,000)	($1,980,000)
Ending Cash Balance	($180,000)	($360,000)	($540,000)	($720,000)	($900,000)	($1,080,000)	($1,260,000)	($1,440,000)	($1,620,000)	($1,800,000)	($1,980,000)	($2,160,000)