Jan - Dec 13 Jan - Dec 12 Cost of Goods Sold Timber Costs 169,400.00 0.00 Total COGS 169,400.00 0.00 Gross Profit -169,400.00 0.00 Expense Advertising and Promotion 0.00 364.91 Auto Expense 0.00 1,255.83 Bank Service Charges 124.26 854.29 General and Administrative Expe 27,827.00 0.00 Insurance Expense 0.00 26,000.00 Licenses and Taxes 0.00 910.65 Meals and Entertainment 0.00 2,775.76 Office Expense 57.60 1,595.74 Postage, Shipping & Deliveries 0.00 246.92 Professional Fees 475.00 44,253.00 Rent Expense 0.00 476.15 Telephone Expense 0.00 507.17 Travel 6,060.51 8,204.95 Utilities 0.00 1,752.02 Total Expense 34,544.37 89,197.39 Net Income -203,944.37 -89,197.39