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I <br /> I <br /> DRC EMERGENCY SERVICES,LLC <br /> ISTATEMENT OF CASH FLOWS <br /> I FOR THE PERIOD JANUARY 19,2016 <br /> THROUGH DECEMBER 31,2016 <br /> I Cash Flows from Operating Activities: <br /> Net income $ 4,218,788 <br /> Adjustments to reconcile net income <br /> to net cash provided by operating activities: <br /> Depreciation and amortization 763,556 <br /> (Gain)/loss on sale of fixed assets 457,005 <br /> I (Increase)in accounts receivable (15,994,508) <br /> (Increase)in prepaid expenses (83,379) <br /> (Increase)in refundable deposits (27,595) <br /> (Increase)in other receivables (655,813) <br /> I Increase in accounts payable 7,221,491 <br /> Iincrease in related party payables 3,913,990 <br /> Increase in accrued liabilities 1,477,745 <br /> ITotal Adjustments (2,927,508) <br /> Net Cash Provided by Operating Activities 1,291,280 <br /> ICash Flows from Investing Activities: <br /> Proceeds from the disposal of property 97,990 <br /> Cash payments for the purchase of property (2,057) <br /> INet Cash Provided by Investing Activities 95,933 <br /> Cash Flows from Financing Activities: <br /> ® Collection of principal on notes receivable 27,824 <br /> ® Note receivable issued (210,000) <br /> Member contributions 127,027 <br /> I Proceeds from the issuance of debt 11,350,000 <br /> Principal payments on debt (10,120,122) <br /> Net Cash Provided by Financing Activities 1,174,729 <br /> INet Increase in Cash and Cash Equivalents 2,561,942 <br /> ICash and Cash Equivalents,Beginning of Period - <br /> Cash and Cash Equivalents, End of Period $ 2,561,942 <br /> I Supplemental cash flow information: <br /> Cash paid during the year for interest $ 104,847 <br /> Assets acquired through the issuance of debt $ 6,043,013 <br /> ISee accompanying notes and independent accountant's review report. <br /> 7 <br /> DRC Emergency Services,LLC 104 <br /> I RFP No.18-04-02 <br />