DESIGNLINE CORPORATION

DRAFT - SUBJECT TO CHANGE

2013 DESIGNLINE SUMMARY CONSOLIDATED F OT REFLECT ALL GAAP REQUIRED RECLASSIFICATION ENTRIES
Debit (Credit)

Description
Assets
Cash
Restricted cash
Accounts receivable
Inventory
Other current assets
Deferred income taxes
Property, plant and equipment, net
Intangible assets, net
Goodwill
Other assets

Liabilities
Current portion of capital lease obligation
Current portion of long-term debt
Accounts payable
Short-term borrowings
Advance payments from customers
Derivative liabilities
Warranty Reserve
Other current liabilities
Capital lease obligations
Long-term debt
Deferred income taxes

Equity
Preferred stock
Common stock
Paid-in capital
Treasury shares

09/10/2015

12/31/2012

$
$
$
$
$
$
$
$
$
$
$

1/31/2013

87,925.55 $
501,094.08 $
1,372,388.00 $
10,427,862.57 $
2,388,554.49 $
1,429,270.00 $
4,586,021.84 $
3,653,938.09 $
$
1,700.00 $
24,448,754.62 $

2/28/2013

44,404.31 $
501,188.82 $
136,005.44 $
9,100,074.81 $
2,060,505.13 $
$
4,545,063.68 $
3,620,470.83 $
$
1,700.00 $
20,009,413.02 $

381,266.28
501,265.72
635,311.85
9,316,995.07
2,163,580.38
4,469,455.00
3,587,003.57
1,700.00
21,056,577.87

$
$
$
$
$
$
$
$
$
$
$
$

(4,849,590.79)
(2,066,018.90)
(538,640.00)
(2,063,461.95)
(16,563,372.49)
(44,636.03)
(8,172,941.43)
(204,680.00)
(34,503,341.59)

$
$
$
$
$
$
$
$
$
$
$
$

(5,761,275.61)
(2,215,379.15)
(2,062,348.19)
(13,049,383.07)
(43,499.49)
(8,628,054.55)
(31,759,940.06)

$
$
$
$
$
$
$
$
$
$
$
$

(5,732,027.29)
(3,099,591.83)
(2,061,451.53)
(13,959,377.17)
(42,355.38)
(10,652,154.27)
(35,546,957.47)

$
$
$
$
$

(2,064.62)
(136.51)
(113,410,566.30)
(113,412,767.43)

$
$
$
$
$

(2,464.62)
(136.51)
(117,410,166.30)
(117,412,767.43)

$
$
$
$
$

(2,464.62)
(136.51)
(117,410,166.30)
(117,412,767.43)

Page 1 of 9

3/31/2013

$
$
$
$
$
$
$
$
$
$
$

57,350.19
501,350.87
817,900.51
8,389,836.36
1,962,451.48
4,397,261.14
3,553,536.31
1,700.00
19,681,386.86

4/30/2013

$
$
$
$
$
$
$
$
$
$
$

306,279.46
501,433.29
872,743.13
8,699,043.14
2,265,034.84
4,357,968.43
3,520,069.05
333,500.00
20,856,071.34

5/31/2013

$
$
$
$
$
$
$
$
$
$
$

1,576,999.01
501,518.47
2,182,993.29
9,802,463.12
2,983,064.65
4,295,398.64
3,486,601.79
311,374.00
25,140,412.97

$
$
$
$
$
$
$
(5,255,383.44) $
(4,342,406.99) $
(2,947,039.70)
$
$
$
$
(1,976,402.75) $
(2,113,814.18) $
(3,607,416.68)
$
$
$
$
(2,113,888.80) $
(2,130,485.52) $
(2,159,962.56)
$ (14,091,444.07) $ (15,521,544.91) $ (16,690,840.73)
$
(41,203.64) $
(41,478.33) $
(41,745.29)
$ (12,542,890.59) $ (16,458,562.66) $ (23,034,042.36)
$
$
$
$ (36,021,213.29) $ (40,608,292.59) $ (48,481,047.32)

$
(2,464.62) $
(2,464.62)
$
(136.51) $
(136.51)
$ (117,410,166.30) $ (117,431,378.30)
$
$
$ (117,412,767.43) $ (117,433,979.43)

6/30/2013

$
$
$
$
$
$
$
$
$
$
$

3,223,666.46
501,600.92
1,302,887.10
10,940,268.09
4,378,440.85
4,230,322.18
3,453,134.53
311,374.00
28,341,694.13

$
$
$
(2,928,542.72)
$
$
(3,584,517.22)
$
$
(2,212,041.84)
$ (16,642,296.09)
$
(41,745.29)
$ (28,317,655.19)
$
$ (53,726,798.35)

$
(2,464.62) $
(2,464.62)
$
(136.51) $
(136.51)
$ (117,471,377.30) $ (117,502,692.30)
$
$
$ (117,473,978.43) $ (117,505,293.43)
284848766.xlsx
01_Consolidated Financials

DESIGNLINE CORPORATION
DRAFT - SUBJECT TO CHANGE
2013 DESIGNLINE SUMMARY CONSOLIDATED F OT REFLECT ALL GAAP REQUIRED RECLASSIFICATION ENTRIES
Debit (Credit)

Description

12/31/2012

1/31/2013

Income statement
Sales
Cost of sales
Manufacturing Overhead & Variances
General and administrative expenses
Other expense
Interest expense
Income tax expense
Current period (income) loss
Retained earnings, 1/1
Preferred stock dividends
Retained earnings, 12/31

$
$
$
$
$
$
$
$
$
$
$

(4,634,990.21)
2,937,784.15
9,668,082.65
19,267,351.78
(1,060,182.65)
9,358,942.33
7,004.00
35,543,992.05
86,400,617.58
1,522,744.77
123,467,354.40

Liabilities, Equity, & Retained Earning

(24,448,754.62) $

09/10/2015

$
$
$
$
$
$
$
$
$
$
$

(9,012.86)
(40,700.34)
416,686.32
1,379,152.23
1,240.93
253,316.18
2,000,682.46
126,378,564.88
784,047.13
129,163,294.47

2/28/2013

$
$
$
$
$
$
$
$
$
$
$

(20,009,413.02) $

(27,275.26)
(34,086.80)
1,040,498.74
2,521,886.94
1,161.60
500,009.98
4,002,195.20
126,378,564.88
1,522,386.95
131,903,147.03

3/31/2013

4/30/2013

$
(1,831,106.18) $
(2,522,587.74)
$
1,707,126.05 $
2,297,822.97
$
1,629,777.19 $
2,158,138.06
$
3,630,471.48 $
4,933,273.84
$
1,073.51 $
991.08
$
714,299.98 $
847,829.23
$
$
$
5,851,642.03 $
7,715,467.44
$ 126,378,564.88 $ 126,378,564.88
$
1,522,386.95 $
3,092,168.36
$ 133,752,593.86 $ 137,186,200.68

5/31/2013

6/30/2013

$
(3,720,753.82) $
(5,522,086.13)
$
3,284,079.81 $
4,696,737.92
$
3,864,405.26 $
4,955,457.99
$
6,249,666.02 $
7,485,541.71
$
874.22 $
1,258.32
$
974,456.27 $
1,111,602.82
$
$
$
10,652,727.76 $
12,728,512.63
$ 126,281,453.73 $ 126,281,453.73
$
3,880,431.29 $
3,880,431.29
$ 140,814,612.78 $ 142,890,397.65

(21,056,577.87) $ (19,681,386.86) $ (20,856,071.34) $ (25,140,412.97) $ (28,341,694.13)

Page 2 of 9

284848766.xlsx
01_Consolidated Financials

DESIGNLINE CORPORATION
2013 DESIGNLINE CONSOLIDATED YEAR-TO-DATE INCOME STATEMENT ANALYSIS

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQUIRE

Debit (Credit)

Description

1/31/2012

2/29/2012

3/31/2012

4/30/2012

5/31/2012

6/30/2012

7/31/2012

8/31/2012

9/30/2012

10/31/2012

11/30/2012

12/31/2012

SALES
County of Arlington
Center for Transportation
Denver Regional Transportation District
NJTA
Societe de transport de Laval
Subtotal - bus sales
City of Charlotte
NJTA
Denver Regional Transportation District
Veolia Transportation Services, Inc.
Other, net

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

1.00 $

(8,352.75)
(8,352.75)

$
$
$
$
$
$
$
$
$
$
$

1.00 $

(10,988.43)
(10,988.43)

$
$
$
$
$
$
$
$
$
$
$

1.00 $

(1,267,782.88)
(1,267,782.88)
(2,158.50)
(10,988.43)
(1,280,929.81)

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00) $

(1,815,000.00)

$
$
$
$
$
$
$
$
$
$

(1,267,782.88)
(3,082,782.88)
(4,608.50)
(10,988.43)
(3,098,379.81)

(1,267,782.88)
(3,082,782.88)
(4,608.50)
(10,988.43)
(3,098,379.81)

(1,267,782.88)
(3,082,782.88)
(4,608.50)
(1,026.96)
(10,988.43)
(3,099,406.77)

(1,267,782.88)
(3,082,782.88)
(4,608.50)
(1,026.96)
(10,988.43)
(3,099,406.77)

(1,351,352.88)
(3,166,352.88)
(6,764.05)
(188.35)
(2,833.12)
(2,635.68)
(3,178,774.08)

(1,249,985.00)
(3,064,985.00)
(14,355.05)
(299.10)
(13,487.70)
(2,635.68)
(3,095,762.53)

(1,249,985.00)
(179,945.55)
(3,244,930.55)
(22,676.80)
(1,418.68)
(13,690.91)
(2,955.70)
(3,285,672.64)

(1,281,570.00)
(597,441.00)
(883,658.33)
(4,577,669.33)
(39,424.31)
(2,400.12)
(12,456.50)
(3,039.95)
(4,634,990.21)

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

$
$
$
$
$
$
$
$
$
$

1.00 $

1.00

COST OF GOODS SOLD

COGS
COGS AM Parts
COGS Buses

COGS AM Parts
COGS Buses

$
$
$

Direct labor
C&B-Regular
C&B-OT
C&B-Benefits
C&B-Payroll Taxes
C&B-Other

DL-C&B-Regular
DL-C&B-OT
DL-C&B-Benefits
DL-C&B-Payroll Tax
DL-C&B-Other

$
$
$
$
$
$
$
$

54,745.73
74,944.74
16,758.61
30,881.53
177,330.61
177,330.61

$
$
$
$
$
$
$
$

179,058.30
143,442.69
33,988.02
58,922.11
415,411.12
415,411.12

$
$
$
$
$
$
$
$

308,362.04
186,840.95
54,165.38
83,412.94
632,781.31
632,781.31

$
$
$
$
$
$
$
$

540,903.38
215,270.19
78,329.70
118,688.21
3,410.88
956,602.36
956,602.36

DL-Mat_Earned Disc$
DL-Mat_Freight
$
DL-Mat_Materials $
$

60,062.83
220,954.44
281,017.27

$
$
$
$

72,681.89
567,319.59
640,001.48

$
$
$
$

134,289.42
639,234.77
773,524.19

$
$
$
$

$
145,587.83 $
659,007.27 $
804,595.10 $

FOH-Building Rent- $
FOH-Building Rent- $
$
FOH-Electricity
$
FOH-Gas
$
FOH-Insurance
$
FOH-Janitorial Serv $
FOH-Licenses & Per $
FOH-Miscellaneous $
FOH-Office Supplies$
FOH-Outside Servic $
FOH-Professional Se$
FOH-Property Taxes $
FOH-Rental Equipm $
FOH-Repairs & Mai $
FOH-Technician Trai $
FOH-Storage
$
FOH-Telephone
$
FOH-Travel
$
FOH-Uniforms
$

40,938.00
6,677.41
47,615.41
4,103.76
4,985.50
42,588.72
517.28
5,075.18
8,573.78
8,476.92
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

89,460.00
13,354.82
102,814.82
8,038.00
15,082.06
85,177.44
954.68
5,075.18
12,914.30
11,255.92
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

137,982.00
20,032.23
158,014.23
12,022.75
22,155.09
127,766.16
(586.25)
1,471.96
7,485.18
15,639.02
11,808.52
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

186,504.00
33,387.05
219,891.05
16,333.05
24,971.06
170,354.88
1,517.65
(587.05)
615.42
141.40
1,909.36
11,803.19
15,639.02
18,167.22
6,768.80

Labor transferred to WIP inventory

Direct materials
Earned Discounts
Freight
Materials

Factory overhead
Building Rent-Base
Building Rent-CAM
Electricity
Gas
Insurance
Janitorial Services
Licenses & Permits
Miscellaneous
Office Supplies
Outside Services
Professional Services
Property Taxes
Rental Equipment
Repairs & Maintenance
Service Technician Training
Storage
Telephone
Travel
Uniforms

09/10/2015

- $
90,588.00 $
90,588.00 $

- $
95,463.00 $
95,463.00 $

- $
(186,176.29) $
(186,176.29) $

- $
1,112,335.42 $
1,112,335.42 $

$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- $
2,831,080.54 $
2,831,080.54 $

- $
2,653,536.94 $
2,653,536.94 $

- $
2,468,453.45 $
2,468,453.45 $

$
2,305,791.16 $
2,305,791.16 $

1,251.71 $
2,305,791.16 $
2,307,042.87 $

12,018.50 $
2,305,791.16 $
2,317,809.66 $

17,014.13 $
2,303,086.80 $
2,320,100.93 $

21,646.58
2,916,137.57
2,937,784.15

723,520.12
263,377.27
101,352.29
147,815.08
7,337.43
1,243,402.19
1,243,402.19

$
$
$
$
$
$
$
$

932,264.53
349,711.73
131,397.96
183,631.78
7,337.43
1,604,343.43
1,604,343.43

$
$
$
$
$
$
$
$

1,173,392.60
481,060.65
163,091.62
225,615.01
7,337.43
2,050,497.31
2,050,497.31

$
$
$
$
$
$
$
$

1,402,668.13
571,452.01
199,033.55
259,748.70
7,337.43
2,440,239.82
2,440,239.82

$
$
$
$
$
$
$
$

1,721,284.05
637,010.49
228,109.51
305,988.80
7,360.90
2,899,753.75
(125,003.28)
2,774,750.47

$
$
$
$
$
$
$
$

2,118,722.56
703,834.21
272,956.82
361,494.81
7,360.90
3,464,369.30
(465,688.01)
2,998,681.29

$
$
$
$
$
$
$
$

2,704,247.88
754,187.47
314,111.74
434,286.78
7,369.53
4,214,203.40
(669,893.93)
3,544,309.47

$
$
$
$
$
$
$
$

3,349,003.82
807,013.89
387,398.01
496,281.73
7,369.53
5,047,066.98
(869,337.39)
4,177,729.59

(58.98)
197,124.90
910,049.62
1,107,115.54

$
$
$
$

(4,183.98)
262,077.64
1,156,012.10
1,413,905.76

$
$
$
$

(4,183.98)
315,082.70
1,529,237.14
1,840,135.86

$
$
$
$

(4,183.98)
348,861.80
1,665,210.83
2,009,888.65

$
$
$
$

(4,183.98)
385,789.85
1,743,812.27
2,125,418.14

$
$
$
$

(4,183.98)
415,986.31
2,013,556.02
2,425,358.35

$
$
$
$

(4,183.98)
458,088.52
2,097,906.84
2,551,811.38

$
$
$
$

(4,183.98)
505,126.28
2,410,889.99
2,911,832.29

235,026.00
40,064.46
275,090.46
19,927.68
27,040.70
207,209.60
1,517.65
(332.05)
615.42
141.40
2,496.76
12,012.19
17,700.36
23,925.09
8,058.68

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Page 3 of 9

308,017.46
52,685.09
360,702.55
24,641.38
27,372.19
250,366.75
1,517.65
1,027.33
615.42
141.40
5,259.16
23,105.75
32,046.00
18,819.84
34,960.66
11,667.39

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

381,008.92
65,305.83
446,314.75
33,166.92
28,317.36
293,105.47
1,517.65
550.00
1,027.33
673.32
4,752.00
152.11
5,771.56
28,345.55
32,046.00
19,980.61
46,486.04
13,481.47

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

454,000.38
77,926.46
531,926.84
41,103.21
28,506.32
335,844.19
1,721.24
550.00
1,053.17
2,252.52
4,833.07
1,214.23
6,283.96
30,665.44
32,046.00
20,351.07
53,951.29
17,627.27

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

526,991.84
96,490.31
623,482.15
44,669.16
28,987.69
378,582.85
3,110.97
550.00
1,053.17
2,430.95
5,486.03
1,457.98
10,361.72
32,487.49
32,046.00
21,021.02
72,369.89
19,679.26

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

599,983.30
108,376.75
708,360.05
57,885.27
29,064.92
433,766.70
4,578.84
4,684.99
1,587.97
2,663.38
5,486.03
1,457.98
15,727.67
56,858.77
32,046.00
21,021.02
83,210.59
23,499.65

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

672,974.76
120,997.38
793,972.14
68,128.16
30,374.30
512,881.25
5,242.46
6,063.32
1,588.27
2,844.37
5,486.03
1,457.98
17,307.40
65,382.98
38,741.67
27,196.87
105,549.10
25,285.55

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

745,966.60
127,674.79
873,641.39
76,968.17
37,027.61
591,707.67
6,126.84
7,441.65
1,588.30
3,955.69
11,443.53
5,425.98
18,565.30
72,529.61
38,741.67
27,204.82
129,234.50
29,100.52

284848766.xlsx
02A_YTD Inc Stmt Analysis

DESIGNLINE CORPORATION
2013 DESIGNLINE CONSOLIDATED YEAR-TO-DATE INCOME STATEMENT ANALYSIS

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQUIRE

Debit (Credit)

Description
Waste Removal
Warranty

1/31/2012
FOH-Waste Removal$
FOH-Warranty
$
$

Manufacturing Overhead & Variances

$
$

2/29/2012

3/31/2012

4/30/2012

5/31/2012

6/30/2012

7/31/2012

8/31/2012

9/30/2012

10/31/2012

11/30/2012

12/31/2012

- $
- $
121,936.55 $

- $
- $
241,312.40 $

$
$
355,776.66 $

600.00 $
6,250.00 $
494,375.05 $

600.00 $
338,510.10 $
934,514.04 $

600.00 $
338,510.10 $
1,131,353.57 $

600.00 $
338,510.10 $
1,294,798.24 $

600.00 $
338,510.10 $
1,449,039.92 $

600.00 $
338,947.86 $
1,617,324.19 $

600.00 $
344,330.57 $
1,826,830.40 $

600.00 $
346,036.82 $
2,054,138.67 $

600.00
647,217.52
2,578,520.77

580,284.43 $

1,296,725.00 $

1,762,082.16 $

2,255,572.51 $

3,285,031.77 $

4,149,602.76 $

5,185,431.41 $

5,899,168.39 $

6,517,492.80 $

7,250,870.04 $

8,150,259.52 $

9,668,082.65

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00 $

1.00

SG&A
C&B-Regular
C&B-OT
C&B-Bonus
C&B-Benefits
C&B-Payroll Taxes
C&B-Temp Labor

SG&A-C&B-Regular $
SG&A-C&B-OT
$
SG&A-C&B-Bonus $
SG&A-C&B-Benefits $
SG&A-C&B-Payroll T$
SG&A-C&B-Temp La $
$
Advertising & Marketing
SG&A-Advertising &$
Amortization
SG&A-Amortization $
Bad Debt Expense
SG&A-Bad Debt Exp$
Bank Fees
SG&A-Bank Fees
$
Building Rent
SG&A-Building Rent $
Cable & Sat Service
SG&A-Cable & Sat S$
Charitable Contributions
SG&A-Charitable Co$
Condo Rent
SG&A-Condo Rent $
Conferences
SG&A-Conferences $
Copier Supplies & MaintenancSG&A-Copier Suppli $
Depreciation
SG&A-Depreciation $
Director Fees
SG&A-Director Fees $
Dues & Subscriptions
SG&A-Dues & Subscr
$
Eagle Support
SG&A-Eagle Suppor $
Electricity
SG&A-Electricity
$
Employee Relations
SG&A-Employee Rel$
Equipment Rental
SG&A-Equipment Re$
Franchise & Property Taxes
SG&A-Franchise & P$
Gas
SG&A-Gas
$
Insurance
SG&A-Insurance
$
Janitorial Services
SG&A-Janitorial Ser $
Legal Fees
SG&A-Legal Fees $
Licenses & Permits
SG&A-Licenses & Pe$
Miscellaneous
SG&A-Miscellaneou $
Office Supplies
SG&A-Office Suppli $
Outside Services
SG&A-Outside Servi$
Postage & Shipping
SG&A-Postage & Sh $
Professional Fees
SG&A-Professional $
Recruiting
SG&A-Recruiting
$
Relocation
SG&A-Relocation $
Repairs & Maintenance
SG&A-Repairs & Ma $
Storage
SG&A-Storage
$
Supplies & Materials
SG&A-Supplies & Ma$
Telephone
SG&A-Telephone
$
Travel
SG&A-Travel
$
Vehicle Expenses
SG&A-Vehicle Expe $
Waste Removal
SG&A-Waste Remov$
Water
SG&A-Water
$
$

185,982.85
4,186.81
13,798.22
27,511.17
11,026.36
242,505.41
2,166.58
82,210.49
812.59
256.45
1,600.00
1,623.25
22,212.03
37,499.95
2,506.25
(3,800.10)
131.75
308.60
620.35
371.15
65.77
(303.64)
1,431.00
99,456.23
354.82
259.24
2,217.56
1,505.71
622.63
353,507.83
60,421.50
8,070.29
119.57
8,689.72
18,052.59
739.18
1,085.68
1,114.68
948,435.11
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

420,179.25
12,263.24
30,212.84
59,639.52
19,266.36
541,561.21
8,109.40
164,420.98
11,237.12
450.86
3,200.00
2,664.02
44,597.09
68,749.90
6,088.00
(3,800.10)
159.26
617.20
1,091.63
2,182.45
65.77
18.33
2,862.00
198,792.67
414.82
326.87
3,948.57
8,651.80
2,541.65
662,752.87
63,323.50
13,916.51
119.57
14,667.30
38,841.02
1,588.21
1,313.21
2,127.49
1,867,601.18
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

667,778.82
21,546.69
47,049.38
87,375.15
32,939.40
856,689.44
11,793.98
246,631.47
12,299.75
769.35
800.00
4,800.00
3,417.80
67,030.01
99,999.85
6,923.26
76,786.15
216.15
925.80
1,550.03
19,589.44
214.49
(52,818.67)
4,494.00
268,391.77
414.82
8,419.08
8,560.33
15,499.85
3,877.98
936,024.11
108,237.40
10,000.00
18,209.15
119.57
17,477.26
69,384.99
2,988.65
3,366.18
3,089.82
2,836,173.26
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

990,647.55
32,558.49
62,951.85
126,877.16
52,126.82
1,265,161.87
13,960.56
328,841.96
14,759.25
963.71
800.00
6,400.00
8,548.95
89,984.99
131,249.80
10,153.26
76,786.15
216.15
5,249.62
2,820.22
25,589.44
214.49
(52,599.88)
6,031.00
488,926.09
870.79
8,548.03
16,481.94
25,929.75
5,064.39
1,213,316.18
138,439.17
10,000.00
19,524.75
200.69
21,940.54
117,698.27
4,054.91
4,341.89
4,144.87
4,014,613.80
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,319,449.09
44,150.26
80,297.31
157,389.23
71,274.32
1,672,560.21
20,122.14
411,052.45
25,486.41
1,282.15
800.00
8,000.00
10,016.35
114,058.88
162,499.75
13,128.16
76,786.15
216.15
6,043.28
3,898.34
27,298.49
214.49
(51,995.08)
7,568.00
772,465.92
870.79
38,548.03
25,067.35
37,157.30
11,293.10
1,609,986.62
155,682.07
14,000.00
24,795.30
265.69
50,702.51
201,090.60
5,226.06
5,314.75
5,411.55
5,466,913.96

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,656,934.58
51,902.13
110,227.88
189,031.46
85,288.82
2,093,384.87
27,269.35
493,262.94
26,027.62
1,482.00
800.00
9,680.00
5,282.31
11,708.38
138,387.74
193,749.70
11,697.82
76,786.15
216.15
6,351.88
5,369.88
28,798.49
214.49
(51,995.08)
9,105.00
748,365.92
570.79
38,548.03
29,405.06
43,471.40
16,628.21
2,055,676.58
168,860.07
14,000.00
34,302.29
811.31
56,019.65
244,335.25
8,443.58
6,999.11
6,081.70
6,560,098.64
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,003,277.65
65,640.52
129,536.64
219,626.87
89,908.82
2,507,990.50
22,410.93
575,473.43
26,546.61
1,869.63
800.00
11,280.00
5,282.31
13,667.89
163,927.87
224,999.65
16,590.03
76,786.15
216.15
6,744.48
6,241.31
30,298.49
214.49
(51,995.08)
11,593.72
801,826.13
1,270.79
38,547.96
40,317.91
51,591.66
16,902.12
2,787,249.94
205,928.85
18,200.00
46,021.43
3,010.60
63,478.60
281,879.96
11,552.58
8,709.69
7,173.35
8,034,600.13
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,398,326.57
79,096.81
151,627.45
255,057.48
89,908.82
2,974,017.13
44,262.93
657,683.92
26,657.55
2,068.04
800.00
12,880.00
5,410.64
15,882.65
190,730.86
256,249.60
18,326.86
76,786.15
324.06
7,215.08
7,938.88
32,334.23
297.76
(51,995.08)
14,875.72
1,091,425.32
6,335.79
38,584.33
50,216.10
58,305.02
17,526.12
3,321,038.87
257,646.71
18,200.00
55,339.43
4,389.59
71,274.31
324,821.51
16,828.97
10,389.63
8,195.88
9,643,264.56
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,792,864.81
87,411.34
185,460.85
288,834.88
89,908.82
3,444,480.70
59,065.15
739,894.41
30,322.48
2,266.45
800.00
14,480.00
6,245.63
17,938.58
222,436.78
287,499.55
20,973.13
76,786.15
324.06
7,523.68
9,764.79
49,795.47
297.76
(51,945.08)
18,118.92
1,142,613.32
8,288.79
38,547.89
69,736.79
65,451.19
17,672.18
3,636,393.86
339,646.52
20,217.46
65,206.83
6,588.26
80,432.07
381,456.53
20,386.68
11,725.34
9,238.02
10,870,670.34
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

3,248,939.27
97,120.59
215,521.63
342,039.20
89,908.82
3,993,529.51
115,563.15
3,795,441.78
34,171.16
2,577.32
800.00
16,080.00
6,245.63
20,896.82
256,645.80
318,749.50
23,791.16
76,786.15
324.06
7,896.61
11,496.35
53,324.45
297.76
(51,687.84)
21,294.92
1,185,930.82
8,458.79
38,547.89
73,777.54
73,514.86
17,974.81
4,396,489.46
355,916.52
31,821.70
79,192.29
6,652.96
83,579.19
442,018.37
23,568.05
13,072.59
10,272.56
15,545,012.69
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

3,999,001.28
109,755.25
238,577.91
406,983.62
89,908.82
4,844,226.88
125,482.31
3,828,909.04
37,868.31
2,865.03
800.00
19,280.00
8,772.63
24,017.19
292,531.34
349,999.45
27,943.49
76,786.15
324.06
8,528.89
13,936.59
55,181.02
297.76
(51,647.84)
24,740.92
1,308,659.43
9,043.79
38,609.91
77,329.30
79,894.43
19,240.47
4,863,303.45
386,361.92
37,177.78
86,045.47
6,847.96
98,109.69
479,424.82
28,071.79
14,625.63
11,360.40
17,234,949.46
1

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

4,585,549.17
119,361.29
277,003.51
450,016.59
89,908.82
5,521,839.38
145,149.08
3,862,376.30
42,135.59
3,080.75
800.00
20,880.00
17,783.29
27,359.41
360,692.27
381,249.40
30,396.32
76,786.15
324.06
10,425.17
15,982.15
56,492.45
297.76
(18,536.76)
28,006.92
1,453,589.40
11,195.95
39,111.83
84,709.05
83,063.75
19,799.84
5,730,105.07
391,361.92
37,177.78
97,544.22
7,540.97
102,563.95
566,532.93
31,046.79
15,908.07
12,580.57
19,267,351.78
1

OTHER (INCOME) EXPENSE

09/10/2015

Page 4 of 9

284848766.xlsx
02A_YTD Inc Stmt Analysis

DESIGNLINE CORPORATION
2013 DESIGNLINE CONSOLIDATED YEAR-TO-DATE INCOME STATEMENT ANALYSIS

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQUIR

Debit (Credit)

Description

1/31/2012

2/29/2012

3/31/2012

4/30/2012

5/31/2012

6/30/2012

7/31/2012

8/31/2012

9/30/2012

10/31/2012

11/30/2012

12/31/2012

SALES
County of Arlington
Denver Regional Transportation District
NJTA
Societe de transport de Laval
Subtotal - bus sales
City of Charlotte
NJTA
Denver Regional Transportation District
Veolia Transportation Services, Inc.
Other, net

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

(8,352.75)
(8,352.75)

$
$
$
$
$
$
$
$
$
$
$

(2,635.68)
(2,635.68)

$
$
$
$
$
$
$
$
$
$
$

(1,267,782.88)
(1,267,782.88)
(2,158.50)
(1,269,941.38)

$
$
$
$
$
$
$
$
$
$
$

(1,815,000.00)
(1,815,000.00)
(2,450.00)
(1,817,450.00)

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

(1,026.96)
(1,026.96)

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

(83,570.00)
(83,570.00)
(2,155.55)
(188.35)
(1,806.16)
8,352.75
(79,367.31)

$
$
$
$
$
$
$
$
$
$
$

101,367.88
101,367.88
(7,591.00)
(110.75)
(10,654.58)
83,011.55

$
$
$
$
$
$
$
$
$
$
$

(179,945.55)
(179,945.55)
(8,321.75)
(1,119.58)
(203.21)
(320.02)
(189,910.11)

$
$
$
$
$
$
$
$
$
$
$

(31,585.00)
(597,441.00)
(703,712.78)
(1,332,738.78)
(16,747.51)
(981.44)
1,234.41
(84.25)
(1,349,317.57)

COST OF GOODS SOLD

COGS
COGS AM Parts
COGS Buses

COGS AM Parts
COGS Buses

$
$
$

$
90,588.00 $
90,588.00 $

$
4,875.00 $
4,875.00 $

$
(281,639.29) $
(281,639.29) $

$
1,298,511.71 $
1,298,511.71 $

$
1,718,745.12 $
1,718,745.12 $

$
(177,543.60) $
(177,543.60) $

$
(185,083.49) $
(185,083.49) $

$
(162,662.29) $
(162,662.29) $

Direct labor
C&B-Regular
C&B-OT
C&B-Benefits
C&B-Payroll Taxes
C&B-Other

DL-C&B-Regular
DL-C&B-OT
DL-C&B-Benefits
DL-C&B-Payroll Taxes
DL-C&B-Other

$
$
$
$
$
$
$
$

54,745.73 $
74,944.74 $
16,758.61 $
30,881.53 $
$
177,330.61 $
$
177,330.61 $

124,312.57 $
68,497.95 $
17,229.41 $
28,040.58 $
$
238,080.51 $
$
238,080.51 $

129,303.74 $
43,398.26 $
20,177.36 $
24,490.83 $
$
217,370.19 $
$
217,370.19 $

232,541.34 $
28,429.24 $
24,164.32 $
35,275.27 $
3,410.88 $
323,821.05 $
$
323,821.05 $

182,616.74 $
48,107.08 $
23,022.59 $
29,126.87 $
3,926.55 $
286,799.83 $
$
286,799.83 $

208,744.41 $
86,334.46 $
30,045.67 $
35,816.70 $
$
360,941.24 $
$
360,941.24 $

241,128.07 $
131,348.92 $
31,693.66 $
41,983.23 $
$
446,153.88 $
$
446,153.88 $

229,275.53 $
90,391.36 $
35,941.93 $
34,133.69 $
$
389,742.51 $
$
389,742.51 $

Direct materials
Earned Discounts
Freight
Materials

DL-Mat_Earned Discounts
DL-Mat_Freight
DL-Mat_Materials

$
$
$
$

$
60,062.83 $
220,954.44 $
281,017.27 $

$
12,619.06 $
346,365.15 $
358,984.21 $

$
61,607.53 $
71,915.18 $
133,522.71 $

$
11,298.41 $
19,772.50 $
31,070.91 $

(58.98)
51,537.07
251,042.35
302,520.44

$
$
$
$

(4,125.00)
64,952.74
245,962.48
306,790.22

$
$
$
$

$
53,005.06 $
373,225.04 $
426,230.10 $

$
33,779.10 $
135,973.69 $
169,752.79 $

$
36,928.05 $
78,601.44 $
115,529.49 $

$
30,196.46 $
269,743.75 $
299,940.21 $

$
42,102.21 $
84,350.82 $
126,453.03 $

47,037.76
312,983.15
360,020.91

Factory overhead
Building Rent-Base
Building Rent-CAM

FOH-Building Rent-Base
FOH-Building Rent-CAM

Electricity
Gas
Insurance
Janitorial Services
Licenses & Permits
Miscellaneous
Office Supplies
Outside Services
Professional Services
Property Taxes
Rental Equipment
Repairs & Maintenance
Service Technician Training
Storage
Telephone
Travel
Uniforms
Waste Removal
Warranty

FOH-Electricity
FOH-Gas
FOH-Insurance
FOH-Janitorial Services
FOH-Licenses & Permits
FOH-Miscellaneous
FOH-Office Supplies
FOH-Outside Services
FOH-Professional Services
FOH-Property Taxes
FOH-Rental Equipment
FOH-Repairs & Maintenance
FOH-Technician Training
FOH-Storage
FOH-Telephone
FOH-Travel
FOH-Uniforms
FOH-Waste Removal
FOH-Warranty

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

40,938.00
6,677.41
47,615.41
4,103.76
4,985.50
42,588.72
517.28
5,075.18
8,573.78
8,476.92
121,936.55

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

48,522.00
6,677.41
55,199.41
3,934.24
10,096.56
42,588.72
437.40
4,340.52
2,779.00
119,375.85

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

48,522.00
6,677.41
55,199.41
3,984.75
7,073.03
42,588.72
(586.25)
517.28
2,410.00
2,724.72
552.60
114,464.26

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

48,522.00
13,354.82
61,876.82
4,310.30
2,815.97
42,588.72
1,517.65
(0.80)
615.42
141.40
437.40
4,318.01
6,358.70
6,768.80
600.00
6,250.00
138,598.39

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

48,522.00
6,677.41
55,199.41
3,594.63
2,069.64
36,854.72
255.00
587.40
209.00
2,061.34
5,757.87
1,289.88
332,260.10
440,138.99

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
12,620.63
85,612.09
4,713.70
331.49
43,157.15
1,359.38
2,762.40
11,093.56
32,046.00
1,119.48
11,035.57
3,608.71
196,839.53

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
12,620.74
85,612.20
8,525.54
945.17
42,738.72
550.00
57.90
4,752.00
10.71
512.40
5,239.80
1,160.77
11,525.38
1,814.08
163,444.67

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
12,620.63
85,612.09
7,936.29
188.96
42,738.72
203.59
25.84
1,579.20
81.07
1,062.12
512.40
2,319.89
370.46
7,465.25
4,145.80
154,241.68

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
18,563.85
91,555.31
3,565.95
481.37
42,738.66
1,389.73
178.43
652.96
243.75
4,077.76
1,822.05
669.95
18,418.60
2,051.99
437.76
168,284.27

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
11,886.44
84,877.90
13,216.11
77.23
55,183.85
1,467.87
4,134.99
534.80
232.43
5,365.95
24,371.28
10,840.70
3,820.39
5,382.71
209,506.21

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.46
12,620.63
85,612.09
10,242.89
1,309.38
79,114.55
663.62
1,378.33
0.30
180.99
1,579.73
8,524.21
6,695.67
6,175.85
22,338.51
1,785.90
1,706.25
227,308.27

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

72,991.84
6,677.41
79,669.25
8,840.01
6,653.31
78,826.42
884.38
1,378.33
0.03
1,111.32
5,957.50
3,968.00
1,257.90
7,146.63
7.95
23,685.40
3,814.97
301,180.70
524,382.10

580,284.43

716,440.57

465,357.16

493,490.35

1,029,459.26

864,570.99

1,035,828.65

713,736.98

618,324.41

733,377.24

899,389.48

1,517,823.13

$
$
$

185,982.85 $
4,186.81 $
$

750,062.01 $
12,634.66 $
$

586,547.89
9,606.04
-

Labor transferred to WIP inventory

Manufacturing Overhead & Variances

1,251.71 $
$
1,251.71 $

318,615.92
65,558.48
29,075.96
46,240.10
23.47
459,513.93
(125,003.28)
334,510.65

$
$
$
$
$
$
$
$

10,766.79 $
$
10,766.79 $

397,438.51
66,823.72
44,847.31
55,506.01
564,615.55
(340,684.73)
223,930.82

$
$
$
$
$
$
$
$

4,995.63 $
(2,704.36) $
2,291.27 $

585,525.32
50,353.26
41,154.92
72,791.97
8.63
749,834.10
(204,205.92)
545,628.18

$
$
$
$
$
$
$
$

4,632.45
613,050.77
617,683.22

644,755.94
52,826.42
73,286.27
61,994.95
832,863.58
(199,443.46)
633,420.12

SG&A
C&B-Regular
C&B-OT
C&B-Bonus

09/10/2015

SG&A-C&B-Regular
SG&A-C&B-OT
SG&A-C&B-Bonus

234,196.40 $
8,076.43 $
$

247,599.57 $
9,283.45 $
$

322,868.73 $
11,011.80 $
$

Page 5 of 9

328,801.54 $
11,591.77 $
$

337,485.49 $
7,751.87 $
$

346,343.07 $
13,738.39 $
$

395,048.92 $
13,456.29 $
$

394,538.24 $
8,314.53 $
$

456,074.46 $
9,709.25 $
$

284848766.xlsx
02B_MtM Inc Stmt Analysis

DESIGNLINE CORPORATION
2013 DESIGNLINE CONSOLIDATED YEAR-TO-DATE INCOME STATEMENT ANALYSIS

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQUIR

Debit (Credit)

Description

1/31/2012

C&B-Benefits
C&B-Payroll Taxes
C&B-Temp Labor

SG&A-C&B-Benefits
SG&A-C&B-Payroll Taxes
SG&A-C&B-Temp Labor

Advertising & Marketing

Amortization
Bad Debt Expense
Bank Fees
Building Rent
Cable & Sat Service
Charitable Contributions
Condo Rent
Conferences
Copier Supplies & Maintenance
Depreciation
Director Fees
Dues & Subscriptions
Eagle Support
Electricity
Employee Relations
Equipment Rental
Franchise & Property Taxes
Gas
Insurance
Janitorial Services
Legal Fees
Licenses & Permits
Miscellaneous
Office Supplies
Outside Services
Postage & Shipping
Professional Fees
Recruiting
Relocation
Repairs & Maintenance
Storage
Supplies & Materials
Telephone
Travel

SG&A-Advertising & Marketing

SG&A-Amortization
SG&A-Bad Debt Expense
SG&A-Bank Fees
SG&A-Building Rent
SG&A-Cable & Sat Service
SG&A-Charitable Contributions
SG&A-Condo Rent
SG&A-Conferences
SG&A-Copier Supplies & Maint
SG&A-Depreciation
SG&A-Director Fees
SG&A-Dues & Subscriptions
SG&A-Eagle Support
SG&A-Electricity
SG&A-Employee Relations
SG&A-Equipment Rental
SG&A-Franchise & Property Taxes
SG&A-Gas
SG&A-Insurance
SG&A-Janitorial Services
SG&A-Legal Fees
SG&A-Licenses & Permits
SG&A-Miscellaneous
SG&A-Office Supplies
SG&A-Outside Services
SG&A-Postage & Shipping
SG&A-Professional Fees
SG&A-Recruiting
SG&A-Relocation
SG&A-Repairs & Maintenance
SG&A-Storage
SG&A-Supplies & Materials
SG&A-Telephone
SG&A-Travel

09/10/2015

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

13,798.22
27,511.17
11,026.36
242,505.41
2,166.58
82,210.49
812.59
256.45
1,600.00
1,623.25
22,212.03
37,499.95
2,506.25
(3,800.10)
131.75
308.60
620.35
371.15
65.77
(303.64)
1,431.00
99,456.23
354.82
259.24
2,217.56
1,505.71
622.63
353,507.83
60,421.50
8,070.29
119.57
8,689.72
18,052.59

2/29/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,414.62
32,128.35
8,240.00
299,055.80
5,942.82
82,210.49
10,424.53
194.41
1,600.00
1,040.77
22,385.06
31,249.95
3,581.75
27.51
308.60
471.28
1,811.30
321.97
1,431.00
99,336.44
60.00
67.63
1,731.01
7,146.09
1,919.02
309,245.04
2,902.00
5,846.22
5,977.58
20,788.43

3/31/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,836.54
27,735.63
13,673.04
315,128.23
3,684.58
82,210.49
1,062.63
318.49
800.00
1,600.00
753.78
22,432.92
31,249.95
835.26
80,586.25
56.89
308.60
458.40
17,406.99
148.72
(52,837.00)
1,632.00
69,599.10
8,092.21
4,611.76
6,848.05
1,336.33
273,271.24
44,913.90
10,000.00
4,292.64
2,809.96
30,543.97

4/30/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5/31/2012

15,902.47
39,502.01
19,187.42
408,472.43
2,166.58
82,210.49
2,459.50
194.36
1,600.00
5,131.15
22,954.98
31,249.95
3,230.00
4,323.82
1,270.19
6,000.00
218.79
1,537.00
220,534.32
455.97
128.95
7,921.61
10,429.90
1,186.41
277,292.07
30,201.77
1,315.60
81.12
4,463.28
48,313.28

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Page 6 of 9

17,345.46
30,512.07
19,147.50
407,398.34
6,161.58
82,210.49
10,727.16
318.44
1,600.00
1,467.40
24,073.89
31,249.95
2,974.90
793.66
1,078.12
1,709.05
604.80
1,537.00
283,539.83
30,000.00
8,585.41
11,227.55
6,228.71
396,670.44
17,242.90
4,000.00
5,270.55
65.00
28,761.97
83,392.33

6/30/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

29,930.57
31,642.23
14,014.50
420,824.66
7,147.21
82,210.49
541.21
199.85
1,680.00
5,282.31
1,692.03
24,328.86
31,249.95
(1,430.34)
308.60
1,471.54
1,500.00
1,537.00
(24,100.00)
(300.00)
4,337.71
6,314.10
5,335.11
445,689.96
13,178.00
9,506.99
545.62
5,317.14
43,244.65

7/31/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

19,308.76
30,595.41
4,620.00
414,605.63
(4,858.42)
82,210.49
518.99
387.63
1,600.00
1,959.51
25,540.13
31,249.95
4,892.21
392.60
871.43
1,500.00
2,488.72
53,460.21
700.00
(0.07)
10,912.85
8,120.26
273.91
731,573.36
37,068.78
4,200.00
11,719.14
2,199.29
7,458.95
37,544.71

8/31/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

22,090.81
35,430.61
466,026.63
21,852.00
82,210.49
110.94
198.41
1,600.00
128.33
2,214.76
26,802.99
31,249.95
1,736.83
107.91
470.60
1,697.57
2,035.74
83.27
3,282.00
289,599.19
5,065.00
36.37
9,898.19
6,713.36
624.00
533,788.93
51,717.86
9,318.00
1,378.99
7,795.71
42,941.55

9/30/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

33,833.40
33,777.40
470,463.57
14,802.22
82,210.49
3,664.93
198.41
1,600.00
834.99
2,055.93
31,705.92
31,249.95
2,646.27
308.60
1,825.91
17,461.24
50.00
3,243.20
51,188.00
1,953.00
(36.44)
19,520.69
7,146.17
146.06
315,354.99
81,999.81
2,017.46
9,867.40
2,198.67
9,157.76
56,635.02

10/31/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

30,060.78
53,204.32
549,048.81
56,498.00
3,055,547.37
3,848.68
310.87
1,600.00
2,958.24
34,209.02
31,249.95
2,818.03
372.93
1,731.56
3,528.98
257.24
3,176.00
43,317.50
170.00
4,040.75
8,063.67
302.63
760,095.60
16,270.00
11,604.24
13,985.46
64.70
3,147.12
60,561.84

11/30/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

23,056.28
64,944.42
850,697.37
9,919.16
33,467.26
3,697.15
287.71
3,200.00
2,527.00
3,120.37
35,885.54
31,249.95
4,152.33
632.28
2,440.24
1,856.57
40.00
3,446.00
122,728.61
585.00
62.02
3,551.76
6,379.57
1,265.66
466,813.99
30,445.40
5,356.08
6,853.18
195.00
14,530.50
37,406.45

12/31/2012
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

38,425.60
43,032.97
677,612.50
19,666.77
33,467.26
4,267.28
215.72
1,600.00
9,010.66
3,342.22
68,160.93
31,249.95
2,452.83
1,896.28
2,045.56
1,311.43
33,111.08
3,266.00
144,929.97
2,152.16
501.92
7,379.75
3,169.32
559.37
866,801.62
5,000.00
11,498.75
693.01
4,454.26
87,108.11

284848766.xlsx
02B_MtM Inc Stmt Analysis

DESIGNLINE CORPORATION
2013 CONSOLIDATED INCOME STATEMENT

Net Sales
Cost of sales
Margin on Sales $
Margin on Sales %
Manufacturing Overhead & Variances
Gross profit (loss)
General and administrative expenses
Operating loss

January
9,013
(40,700)
$
49,713
551.6%

416,686
(366,973)
1,379,152
$ (1,746,125)

February
18,262
6,614
$
11,649
63.8%
$

623,812
(612,164)
1,142,735
$ (1,754,898)

$
$

March
1,803,831
1,741,213
62,618
3.5%

589,278
(526,660)
1,108,585
$ (1,635,245)

$
$

April
691,482
590,697
100,785
14.6%

528,361
(427,576)
1,302,802
$ (1,730,379)

$
$

May
1,198,166
986,251
211,915
17.7%

1,207,585
(995,670)
1,313,024
$ (2,308,694)

$
$

June
1,801,332
1,412,664
388,669
21.6%

$
$

YTD
5,522,086
4,696,738
825,348
14.9%

1,589,735
(1,201,067)
1,239,244
(2,440,310)

4,955,458
$ (4,130,110)
7,485,542
$ (11,615,651)
1,258
1,111,603
$ (12,728,513)

$ (12,728,513)

Other income (expense), net

Interest expense, net
Loss before income tax benefit

1,241
253,316
$ (2,000,682)

(79)
246,694
$ (2,001,513)

(88)
214,290
$ (1,849,447)

(82)
133,529
$ (1,863,825)

(110)
122,371
$ (2,430,955)

377
141,402
(2,582,090)

Income tax expense

Loss from continuing operations

$ (2,000,682)

$ (2,001,513)

$ (1,849,447)

$ (1,863,825)

$ (2,430,955)

(2,582,090)

DESIGNLINE CORPORATION
2013 DESIGNLINE CORPORATE FINANCIAL STATEMENTS

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQU

Debit (Credit)

Description

1/31/2012

Assets
Cash
Restricted cash
Accounts receivable
Inventory
Other current assets
Deferred income taxes
Property, plant and equipment, net
Intangible assets, net
Goodwill
Other assets

Liabilities
Current portion of capital lease obligation
Current portion of long-term debt
Accounts payable
Short-term borrowings
Advance payments from customers
Derivative liabilities
Other current liabilities
Capital lease obligations
Long-term debt
Deferred income taxes

Equity
Preferred stock
Common stock
Paid-in capital
Treasury shares

Income statement
Sales
Cost of sales
General and administrative expenses
Other expense
Interest expense
Income tax expense
Current period (income) loss
Retained earnings, 1/1
Preferred stock dividends
Retained earnings, 12/31

Intercompany
Intercompany
Intercompany
Intercompany

Proof

09/10/2015

balances
investments
receivables
payables

2/29/2012

3/31/2012

4/30/2012

5/31/2012

6/30/2012

7/31/2012

8/31/2012

9/30/2012

10/31/2012

11/30/2012

12/31/2012

$
$
$
$
$

3,000.00

$
$
$
$
$

2,750.00

$
$
$
$
$

2,500.00

$
$
$
$
$

2,250.00

$
$
$
$
$

2,000.00

$
$
$
$
$

1,750.00

$
$
$
$
$

1,500.00

$
$
$
$
$

1,250.00

$
$
$
$
$

1,000.00

$
$
$
$
$

8,150,750.00

$
$
$
$
$

1,572,500.00

$
$
$
$
$

250.00

$
$
$
$
$

9,064.08
7,434,103.90
1,700.00
7,447,867.98

$
$
$
$
$

8,807.31
7,351,893.41
1,700.00
7,365,150.72

$
$
$
$
$

8,589.98
7,269,682.92
1,700.00
7,282,472.90

$
$
$
$
$

8,420.36
7,187,472.43
1,700.00
7,199,842.79

$
$
$
$
$

8,278.17
7,105,261.94
1,700.00
7,117,240.11

$
$
$
$
$

8,135.98
7,023,051.45
1,700.00
7,034,637.43

$
$
$
$
$

7,993.79
6,940,840.96
1,700.00
6,952,034.75

$
$
$
$
$

7,851.60
6,858,630.47
1,700.00
6,869,432.07

$
$
$
$
$

7,709.41
6,776,419.98
1,700.00
6,786,829.39

$
$
$
$
$

7,567.22
3,720,872.61
1,700.00
11,880,889.83

$
$
$
$
$

7,425.03
3,687,405.35
1,700.00
5,269,030.38

$
$
$
$
$

7,282.84
3,653,938.09
1,700.00
3,663,170.93

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(2,993,441.15)
(44,282,300.79)
(47,814,381.94)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(3,299,923.33)
(48,292,788.97)
(52,131,352.30)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(2,588,187.87)
(43,338,484.84)
(46,465,312.71)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(3,076,990.78)
(42,278,775.52)
(45,894,406.30)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(3,580,627.47)
(49,350,083.70)
(53,469,351.17)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(4,140,869.76)
(49,436,278.29)
(54,115,788.05)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(3,817,820.45)
(49,515,550.22)
(53,872,010.67)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(4,410,171.96)
(52,108,717.97)
(57,057,529.93)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(5,014,136.08)
(54,403,661.26)
(59,956,437.34)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(3,552,152.20)
(8,026,833.74)
(12,117,625.94)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(4,376,151.25)
(8,097,424.05)
(13,012,215.30)

$
$
$
$
$
$
$
$
$
$
$

(538,640.00)
(5,182,126.77)
(8,172,941.43)
(13,893,708.20)

$
$
$
$
$

(35,194.81)
(49,255,027.05)
(49,290,221.86)

$
$
$
$
$

(35,194.81)
(49,255,027.05)
(49,290,221.86)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,350,969.76)
(54,351,333.34)

$
$
$
$
$

(363.58)
(54,275,969.76)
(54,276,333.34)

$
$
$
$
$

(2,064.62)
(136.51)
(113,834,843.41)
(113,837,044.54)

$
$
$
$
$

(2,064.62)
(136.51)
(113,435,420.35)
(113,437,621.48)

$
$
$
$
$

(2,064.62)
(136.51)
(113,410,566.30)
(113,412,767.43)

$
$
$
$
$
$
$
$
$
$

586,499.50
518,223.91
1,104,723.41
31,312,645.41
32,417,368.82

$
$
$
$
$
$
$
$
$
$

1,123,073.72
994,488.96
2,117,562.68
31,312,645.41
33,430,208.09

$
$
$
$
$
$
$
$
$
$

1,578,391.93
1,451,789.82
3,030,181.75
31,312,645.41
34,342,827.16

$
$
$
$
$
$
$
$
$
$

2,061,330.80
(1,147,471.73)
1,977,105.19
2,890,964.26
31,312,645.41
34,203,609.67

$
$
$
$
$
$
$
$
$
$

2,304,788.25
(1,147,471.73)
2,520,800.11
3,678,116.63
31,312,645.41
34,990,762.04

$
$
$
$
$
$
$
$
$
$

2,393,052.49
(1,147,471.73)
3,135,987.04
4,381,567.80
31,312,645.41
35,694,213.21

$
$
$
$
$
$
$
$
$
$

2,558,299.39
(1,147,471.73)
3,772,409.32
5,183,236.98
31,312,645.41
36,495,882.39

$
$
$
$
$
$
$
$
$
$

2,737,091.31
(1,147,471.73)
4,426,678.63
6,016,298.21
31,312,645.41
37,328,943.62

$
$
$
$
$
$
$
$
$
$

2,902,181.71
(1,147,471.73)
5,094,336.09
6,849,046.07
31,312,645.41
38,161,691.48

$
$
$
$
$
$
$
$
$
$

6,040,800.31
(1,147,471.73)
6,120,581.10
11,013,909.68
31,312,645.41
24,963.03
42,351,518.12

$
$
$
$
$
$
$
$
$
$

6,156,881.81
(1,147,471.73)
6,235,029.64
11,244,439.72
31,312,645.41
773,853.90
43,330,939.03

$
$
$
$
$
$
$
$
$
$

6,272,979.65
(1,147,471.73)
6,336,381.72
11,461,889.64
31,312,645.41
1,522,744.77
44,297,279.82

$
$
$
$

10,603,363.00
35,177,336.51
11,458,667.49
57,239,367.00

$
$
$
$

10,603,363.00
39,077,336.51
10,945,515.84
60,626,215.35

$
$
$
$

10,603,363.00
39,057,336.51
9,530,646.48
59,191,345.99

$
$
$
$

10,603,363.00
39,037,336.51
9,201,587.67
58,842,287.18

$
$
$
$

10,603,363.00
45,967,336.51
9,141,982.85
65,712,682.36

$
$
$
$

10,603,363.00
45,927,336.51
9,207,571.24
65,738,270.75

$
$
$
$

10,603,363.00
44,975,886.90
9,196,176.97
64,775,426.87

$
$
$
$

10,603,363.00
47,435,886.90
9,171,237.68
67,210,487.58

$
$
$
$

10,603,363.00
49,595,886.90
9,084,999.91
69,284,249.81

$
$
$
$

10,603,363.00
50,675,328.71
10,443,570.82
71,722,262.53

$
$
$
$

10,603,363.00
50,635,328.71
16,611,175.66
77,849,867.37

$
$
$
$

10,603,363.00
50,595,328.71
18,147,333.17
79,346,024.88

Page 8 of 9

284848766.xlsx
03_DL Corp Financials

DESIGNLINE CORPORATION
2013 DESIGNLINE USA FINANCIAL STATEMENTS
Debit (Credit)
Description
Assets
Cash
Restricted cash
Accounts receivable
Inventory
Other current assets
Deferred income taxes
Property, plant and equipment, net
Intangible assets, net
Goodwill
Other assets

Liabilities
Current portion of capital lease obligation
Current portion of long-term debt
Accounts payable
Short-term borrowings
Advance payments from customers
Derivative liabilities
Warranty Reserve
Other current liabilities
Capital lease obligations
Long-term debt
Deferred income taxes

Equity
Preferred stock
Common stock
Paid-in capital
Treasury shares

Income statement
Sales
Cost of sales
Manufacturing Overhead & Variances
General and administrative expenses
Other expense
Interest expense
Income tax expense
Current period (income) loss
Retained earnings, 1/1
Preferred stock dividends
Retained earnings, 12/31

Intercompany balances
Paid-in capital
Intercompany receivables
Intercompany payables

Proof

09/10/2015

MONTHLY BALANCES DO NOT REFLECT ALL GAAP REQU

1/31/2012

2/29/2012

3/31/2012

4/30/2012

5/31/2012

6/30/2012

7/31/2012

8/31/2012

9/30/2012

10/31/2012

11/30/2012

12/31/2012

$
$
$
$
$
$
$
$
$
$
$

2,117,618.44
6,484,497.90
5,442.66
5,049,496.04
671,898.39
1,429,270.00
1,374,316.15
17,132,539.58

$
$
$
$
$
$
$
$
$
$
$

1,394,236.21
8,555,437.94
13,795.41
5,429,531.02
668,058.39
1,429,270.00
1,357,417.54
18,847,746.51

$
$
$
$
$
$
$
$
$
$
$

681,127.44
4,781,979.57
13,795.41
6,218,934.76
689,902.48
1,429,270.00
1,414,317.80
15,229,327.46

$
$
$
$
$
$
$
$
$
$
$

3,322.28
2,987,578.09
715,861.79
5,456,596.28
662,506.07
1,429,270.00
1,411,149.11
12,666,283.62

$
$
$
$
$
$
$
$
$
$
$

5,160,822.03
500,531.63
2,533,492.29
4,569,760.30
592,814.53
1,429,270.00
1,818,319.99
16,605,010.77

$
$
$
$
$
$
$
$
$
$
$

1,574,046.40
500,451.03
2,528,883.79
5,457,522.41
1,101,813.99
1,429,270.00
2,662,895.62
15,254,883.24

$
$
$
$
$
$
$
$
$
$
$

940,722.01
500,553.59
272,316.57
6,262,850.44
1,130,701.01
1,429,270.00
2,739,915.19
13,276,328.81

$
$
$
$
$
$
$
$
$
$
$

49,944.21
500,652.75
216,316.57
7,170,831.80
1,286,259.03
1,429,270.00
4,397,881.84
15,051,156.20

$
$
$
$
$
$
$
$
$
$
$

89,955.76
500,769.03
970,792.21
8,563,077.77
1,296,005.72
1,429,270.00
4,501,692.69
17,351,563.18

$
$
$
$
$
$
$
$
$
$
$

932,261.43
500,885.34
10,516.78
9,422,091.83
1,908,142.83
1,429,270.00
4,659,548.07
18,862,716.28

$
$
$
$
$
$
$
$
$
$
$

1,663,454.09
500,987.99
187,087.63
10,493,009.49
2,188,384.31
1,429,270.00
4,636,382.64
21,098,576.15

$
$
$
$
$
$
$
$
$
$
$

87,925.55
501,094.08
1,372,388.00
10,427,862.57
2,388,304.49
1,429,270.00
4,578,739.00
20,785,583.69

$
$
$
$
$
$
$
$
$
$
$
$

(3,201,670.79)
(739,065.00)
(1,360,039.12)
(10,650,599.53)
(204,680.00)
(16,156,054.44)

$
$
$
$
$
$
$
$
$
$
$
$

(3,005,532.94)
(739,065.00)
(1,433,035.12)
(10,467,301.13)
(204,680.00)
(15,849,614.19)

$
$
$
$
$
$
$
$
$
$
$
$

(1,311,628.18)
(739,065.00)
(1,433,035.12)
(10,693,781.89)
(204,680.00)
(14,382,190.19)

$
$
$
$
$
$
$
$
$
$
$
$

(1,014,378.38)
(333,440.00)
(1,439,285.12)
(10,397,288.00)
(204,680.00)
(13,389,071.50)

$
$
$
$
$
$
$
$
$
$
$
$

(1,682,136.49)
(632,160.50)
(1,771,545.22)
(8,330,031.70)
(204,680.00)
(12,620,553.91)

$
$
$
$
$
$
$
$
$
$
$
$

(1,779,422.10)
(930,881.00)
(1,771,545.22)
(8,250,116.24)
(204,680.00)
(12,936,644.56)

$
$
$
$
$
$
$
$
$
$
$
$

(2,686,874.65)
(1,575,165.57)
(1,771,545.22)
(7,840,136.62)
(204,680.00)
(14,078,402.06)

$
$
$
$
$
$
$
$
$
$
$
$

(4,014,003.79)
(1,546,358.49)
(1,771,545.22)
(7,902,905.00)
(204,680.00)
(15,439,492.50)

$
$
$
$
$
$
$
$
$
$
$
$

(5,085,249.72)
(2,221,466.82)
(1,771,545.22)
(7,988,501.02)
(204,680.00)
(17,271,442.78)

$
$
$
$
$
$
$
$
$
$
$
$

(5,939,066.14)
(2,221,466.82)
(1,763,865.72)
(8,533,540.85)
(45,765.04)
(204,680.00)
(18,708,384.57)

$
$
$
$
$
$
$
$
$
$
$
$

(4,305,856.74)
(2,221,466.82)
(1,762,975.00)
(8,565,571.37)
(45,765.04)
(204,680.00)
(17,106,314.97)

$
$
$
$
$
$
$
$
$
$
$
$

(4,849,590.79)
(2,066,018.90)
(2,063,461.95)
(11,381,245.72)
(44,636.03)
(204,680.00)
(20,609,633.39)

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$

$
$
$
$
$
$
$
$
$
$
$

90,588.00
580,284.43
361,935.61
9,418.18
132,683.47
1,174,909.69
55,087,972.17
56,262,881.86

$
$
$
$
$
$
$
$
$
$
$

(8,352.75)
95,463.00
1,296,725.00
744,527.46
14,930.89
396,817.26
2,540,110.86
55,087,972.17
57,628,083.03

$
$
$
$
$
$
$
$
$
$
$

(10,988.43)
(186,176.29)
1,762,082.16
1,257,781.33
36,557.70
396,980.08
3,256,236.55
55,087,972.17
58,344,208.72

$
$
$
$
$
$
$
$
$
$
$

(1,280,929.81)
1,112,335.42
2,255,572.51
1,953,283.00
39,861.69
396,980.08
4,477,102.89
55,087,972.17
59,565,075.06

$
$
$
$
$
$
$
$
$
$
$

(3,098,379.81)
2,831,080.54
3,285,031.77
3,162,125.71
48,962.95
411,432.17
6,640,253.33
55,087,972.17
61,728,225.50

$
$
$
$
$
$
$
$
$
$
$

(3,098,379.81)
2,653,536.94
4,149,602.76
4,167,046.15
48,821.69
411,432.17
8,332,059.90
55,087,972.17
63,420,032.07

$
$
$
$
$
$
$
$
$
$
$

(3,099,406.77)
2,468,453.45
5,185,431.41
5,476,300.74
44,597.14
414,151.98
10,489,527.95
55,087,972.17
65,577,500.12

$
$
$
$
$
$
$
$
$
$
$

(3,099,406.77)
2,305,791.16
5,899,168.39
6,906,173.25
84,541.57
414,584.11
12,510,851.71
55,087,972.17
67,598,823.88

$
$
$
$
$
$
$
$
$
$
$

(3,178,774.08)
2,307,042.87
6,517,492.80
7,968,488.63
84,416.14
417,490.88
14,116,157.24
55,087,972.17
69,204,129.41

$
$
$
$
$
$
$
$
$
$
$

(3,095,762.53)
2,317,809.66
7,250,870.04
9,504,212.38
84,367.07
418,462.03
16,479,958.65
55,087,972.17
71,567,930.82

$
$
$
$
$
$
$
$
$
$
$

(3,285,672.64)
2,320,100.93
8,150,259.52
11,078,067.65
84,667.45
422,211.11
18,769,634.02
55,087,972.17
73,857,606.19

$
$
$
$
$
$
$
$
$
$
$

(4,634,990.21)
2,937,784.15
9,668,082.65
12,994,372.13
87,289.08
3,022,560.61
7,004.00
24,082,102.41
55,087,972.17
79,170,074.58

$
$
$
$

(10,603,363.00)
(11,458,667.49)
(35,177,336.51)
(57,239,367.00)

$
$
$
$

(10,603,363.00)
(10,945,515.84)
(39,077,336.51)
(60,626,215.35)

$
$
$
$

(10,603,363.00)
(9,530,646.48)
(39,057,336.51)
(59,191,345.99)

$
$
$
$

(10,603,363.00)
(9,201,587.67)
(39,037,336.51)
(58,842,287.18)

$
$
$
$

(10,603,363.00)
(9,141,982.85)
(45,967,336.51)
(65,712,682.36)

$
$
$
$

(10,603,363.00)
(9,207,571.24)
(45,927,336.51)
(65,738,270.75)

$
$
$
$

(10,603,363.00)
(9,196,176.97)
(44,975,886.90)
(64,775,426.87)

$
$
$
$

(10,603,363.00)
(9,171,237.68)
(47,435,886.90)
(67,210,487.58)

$
$
$
$

(10,603,363.00)
(9,084,999.91)
(49,595,886.90)
(69,284,249.81)

$
$
$
$

(10,603,363.00)
(10,443,570.82)
(50,675,328.71)
(71,722,262.53)

$
$
$
$

(10,603,363.00)
(16,611,175.66)
(50,635,328.71)
(77,849,867.37)

$
$
$
$

(10,603,363.00)
(18,147,333.17)
(50,595,328.71)
(79,346,024.88)

Page 9 of 9

284848766.xlsx
04_DL USA Financials