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ERNEST ENERGY, INC. AND SUBSIDIARIES
<br />SUPPLEMENTARY INFORMATION
<br />CONSOLIDATING STATEMENT OF OPERATIONS
<br />FOR THE YEAR ENDED DECEMBER 31, 2022
<br />
<br />See independent accountants’ compilation report.
<br />10
<br />Ernest Electrik
<br />Consolidated Eliminations Energy, Inc.Pros, LLC HMO Energy, Inc.
<br />CONTRACT REVENUES 1,512,466$ (210,573)$ -$ 1,512,466$ 210,573$
<br />CONTRACT COSTS 1,579,037 - - 1,579,037 -
<br />GROSS LOSS (66,571) (210,573) - (66,571) 210,573
<br />GENERAL AND ADMINISTRATIVE EXPENSES 411,447 (210,573) - 376,992 245,028
<br />CORPORATE PAYROLL 343,379 - - 144,097 199,282
<br />SALES AND MARKETING EXPENSES 243,676 - - 198,768 44,908
<br />DEPRECIATION AND AMORTIZATION 206,804 - - 206,804 -
<br />LOSS FROM OPERATIONS (1,271,877) - - (993,232) (278,645)
<br />OTHER (EXPENSE) INCOME:
<br />Start-up costs (343,552) - - - (343,552)
<br />Other income 60,619 - - 60,619 -
<br />Total Other (Expense) Income (282,933) - - 60,619 (343,552)
<br />LOSS BEFORE BENEFIT FROM INCOME
<br />TAXES (1,554,810) - - (932,613) (622,197)
<br />BENEFIT FROM INCOME TAXES 241,080 - - - 241,080
<br />NET LOSS (1,313,730)$ -$ -$ (932,613)$ (381,117)$
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