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<br />Tenex Enterprises, Inc. <br />Statement of Operations <br />For the Five Months ended May 31, 2010 <br /> <br />Contract Revenues Earned <br /> <br />4,636,184 <br /> <br />Cost of Revenues Earned <br />Materials 3,213,091 <br />Subcontractors 0 <br />Labor service 611,507 <br />Equipment rental 174,105 <br />Depreciation 35,000 <br />Vehicle expenses 54,166 <br />Bond expense 85,716 <br />Fuel 74,976 <br />Cost of Revenues Earned 4,248,561 <br />Gross Profit 387,623 <br />General & Administrative Expenses <br />Salary-Officer 31,500 <br />Insurance 91.782 <br />Office expense 25,380 <br />Office payroll 59,500 <br />Payroll taxes 52,617 <br />Professional fees 23,556 <br />Rent 36,878 <br />Taxes & licenses 845 <br />Telephone 11,582 <br />Utilities 16,792 <br /> 350,432 <br />Income From Operations 37,191 <br />Other Income (Expense) <br />Interest Income 1,237 <br />Interest expense (3,417) <br /> (2,180) <br />Income Before Taxes 35,011 <br />Income Taxes <br />Current 5,200 <br />Deferred 0 <br />Net Income 29,811 <br />See accountants compilation report <br />