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WAYPOINT CONTRACTING
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(25-01-01) City Annex Building Construction Renovations
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WAYPOINT CONTRACTING
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3/10/2025 1:22:33 PM
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3/10/2025 1:21:51 PM
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WAYPOINT CONTRACTING <br />Profit and Loss <br />January - December 2023 <br />Accrual Basis Wednesday, March 5, 2025 03:05 PM GMT-05:00 1/1 <br />TOTAL <br />Income <br />4010 Contract Work 8,483,343.99 <br />4020 Private Contracts 1,362,138.49 <br />4030 Other Income 89,626.02 <br />4040 Interest Income 26,732.31 <br />Total Income $9,961,840.81 <br />Cost of Goods Sold <br />5010 Direct Material 1,074,177.42 <br />5020 Direct Subcontract 5,802,497.34 <br />5030 Direct Labor 678,688.75 <br />5100 Equipment 72,755.46 <br />5200 Others 471,595.73 <br />5300 Indirect Job Expenses 130,255.40 <br />Total Cost of Goods Sold $8,229,970.10 <br />GROSS PROFIT $1,731,870.71 <br />Expenses <br />6000 Overhead Expenses 320,475.92 <br />6200 IT Expense 24,566.06 <br />6300 Preconstruction Expense 29,894.02 <br />6400 Professional & Banking Expense 219,086.38 <br />6500 Insurance 219,740.69 <br />6700 Payroll Expenses 756,981.21 <br />6800 Dues & subscriptions 42,322.49 <br />Expenses 864.88 <br />Other Expenses -4,704.00 <br />Total Expenses $1,609,227.65 <br />NET OPERATING INCOME $122,643.06 <br />NET INCOME $122,643.06
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