AI
Tuesday, July 18, 2023 4:56:16 AM
Here is the Breakdown:
Total Revenue = $8,271,039
(Cost of Revenue = $6,526,681)
Gross Profit = $1,744,358
Total Operating Expenses = $2,082,494
Loss from Operations = ($338,136) (subtract $2,082,494 from $1,744,358)
That's a Loss (so far), but then, we add in ....
Total Other Income = $494,917 (which came as net from "Gain on Equipment Sale")
Loss of Operations ($338,136) + $494,917 ("Total Other Income" from the equipment sale)
Which computes ....
Net Profit = +$156,781
Which is a positive dollar amount ....
Total Revenue = $8,271,039
(Cost of Revenue = $6,526,681)
Gross Profit = $1,744,358
Total Operating Expenses = $2,082,494
Loss from Operations = ($338,136) (subtract $2,082,494 from $1,744,358)
That's a Loss (so far), but then, we add in ....
Total Other Income = $494,917 (which came as net from "Gain on Equipment Sale")
Loss of Operations ($338,136) + $494,917 ("Total Other Income" from the equipment sale)
Which computes ....
Net Profit = +$156,781
Which is a positive dollar amount ....
