I have no idea but there are serious doubts in the financials starting with a Farm that cost $200,000 that he has listed as worth $500,000 thats a nice increase in todays realestate market. Must be the addition of a few sows oink oink I smell bacon....
Every well-lubed company itemizes expenses for many reasons. There are variable costs and fixed costs. the more you itemize the more power of information you have to make projection or changes for the future. Whether or not they have to is a different story. Different corp. types have different requirements for filing.