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I
<br /> CROWDERGULF, LLC
<br /> STATEMENTS OF OPERATIONS
<br /> FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
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<br /> 2017 2016
<br /> 1 DISASTER RESPONSE AND OTHER REVENUE $225,782,312 $ 82,999,615
<br /> DIRECT COSTS 199,806,467 59,184,609
<br /> GROSSI
<br /> INCOME 25 7
<br /> ,9 5, 4 2 8 5 3,8{006
<br /> IOPERATING EXPENSES
<br /> Advertising 58 \999 37,840
<br /> I Insurance 21,85� 20,084
<br /> Office expense 29640 82,980
<br /> Other operating expenses 21'81076 175,691
<br /> IProfessional fees 56,945 83,300
<br /> Salaries and wages 791,778 744,304
<br /> I Taxes and licenses 285,168 114,359
<br /> Telephone and utilities 57,842 49,244
<br /> Travel, conferences and seminars 14,940 8,679
<br /> ITotal operating expenses 1,635,043 1,316,481
<br /> INCOME FROM OPERATIONS 24,340,802 22,498,525
<br /> IOTHER INCOME (LOSS)
<br /> Recovery of bad debt - 1,119,168
<br /> IInterest expense (360,660) (64,484)
<br /> Other income, ne 420,219 140,684
<br /> Total other income. ne 59,559 1,195,368
<br /> NET INCOME "\ $ 24,400,361 $ 23,693,893
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<br /> ICy.
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<br /> I
<br /> See notes to the financial statements.
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