EFTA00792625.pdf

MAJOR MODEL MANAGEMENT,INC. 05/12/17 Profit & Loss January 31 through December 31, 2016 Jan 31 - Dec 31, 16 Ordinary Income/Expense Income AGENCY! COMMISSION FEES ((10.20 % CommIsIson Generally) AGENCY FEES-MEN DIVISION 178.766.87 AGENCY FEES-WOMEN DIVISION 771.190.62 Total AGENCY! COMMISSION FEES ((10-20 % CommIsIson Generally) 949,957.49 CASH ADVANCE FINANCE CHARGE 160.00 COMMERCIAUTV AGENCY COMMISSION (Commision Fees) UNION/SAG FEES(10%) 19.905.95 Total COMMERCIAUTV AGENCY COMMISSION (Commislon Fees) 19905.95 DEPOSIT ADJUSTMENT- CREDIT -1.079.97 DIRECT PYMNT FR. CLIENT- MODEL -10.099.60 WA COMMISSION PAID TO MMM 4,226.50 MODEL'S FEES MEN DIVISION 944.347.62 WOMEN DIVISION 3.948.278.59 MODEL'S FEES - Other -11.160.00 Total MODEL'S FEES 4.881.466.21 MODEL COMMISSION FEES- WOMEN'S 0.00 OTHER INCOME 225.00 PREPAID MODEL EXPNS!DEBT PYMNT 0.00 REIMB. FROM CLIENT& VENDORS 25.00 UNCATEGORIZED INCOME 0.04 UNCOLLECTABLE FUNDS 37.55.4.33 Total Income 5.882.340.95 Cost of Goods Sold MODEL'S COST MEN DIVISION 814.008.24 WOMEN DIVISION 3.131.868.91 Total MODEL'S COST 3.945.877.15 Total COGS 3.945.877.15 Gross Profit 1.936.463.80 Expense ADVERTISING & BUSINESS PROMOTIO ADVERTISING PAGES 135.00 MEALS/ENTERTAINMENT- MEN 2.315.67 MEALS/ENTERTAINMENT- OPERATING 18.891.79 MEALS/ENTERTAINMENT- WOMEN 4,721.56 PROMOTIONAL- OPERATING 18.00 PROMOTIONAL- WOMEN 365.79 SPECIAL EVENTS- OPERATING 7.148.61 SPECIAL EVENTS- WOMEN 834.30 Total ADVERTISING & BUSINESS PROMOTIO 34.43972 AMEX CARD FEES 4,936.97 CHARITABLE CONTRIBUTIONS 4,359.00 CLIENT REIMBURSEMENT 0.00 COMMISSION EXP-MOTHER AGENCY 100,574.00 Page 1 EFTA00792625  MAJOR MODEL MANAGEMENT,INC. 05/12/17 Profit & Loss January 31 through December 31, 2016 Jan 31 - Dec 31, 16 EXPENSES ON MODEL'S CHARGE ACCOMMODATIONS -68.63 AIRFARE 1.058.08 BANK FEES -20.00 CAR SERVICEfTAXI -799.49 CLIENT GIFTS 6.057.25 COMP CARDS -2.714.00 CON EDISON MODEL APARTMENTS 2.908.85 HAIR/NAIL SALON EXPENSES -297.82 LASER COPIES 67.70 MAGAZINES 1.544.67 MEDICAL EXPENSES 500.00 MESSENGER FEES 7.390.38 MODEL APT CLEANING/LAUNDRY SRVC 14.476.86 MODELS' APT EXPENSES/SUPPLIES 12.363.49 MODELS' APT RENT -2.703.73 PASSPORT FEES 0.00 PRINTS -2.561.94 PROMO PIECE 236.15 RUNWAY CLASSES 65.00 SOCIAL MEDIA WEBSITE SUBSCRIPT 0.00 TESTS & DEVELOPMENT 1.324.41 TRAVEL EXPENSES -48.00 VIDEO 1500.00 VISA FILING FEES-MODELS 0.00 WEBSITE -84.628.46 WORK PERMIT/ VISA 0.00 Total EXPENSES ON MODEL'S CHARGE -42.329.23 INSURANCE (Insurance) DENTAL INSURANCE -624.80 DISABILITY INSURANCE ADP WORKER'S COMP 5.236.16 DISABILITY INSURANCE - Other 707.20 Total DISABILITY INSURANCE 6943.36 HEALTH INSURANCE 71.11301 OFFICE INSURANCE 6.566.55 RENTER'S INSURANCE (118 MADISON 1.001.32 Total INSURANCE (Insurance) 83.999.44 INTEREST 8 BANK CHARGES (Interest Expense) CHASE CREDIT CARD FEES 19.220.15 INTEREST & BANK CHARGES (Interest Expense) - Other 11.034.26 Total INTEREST & BANK CHARGES (Interest Expense) 30254.41 LICENSES 8 PERMITS (Licenses) 293.96 MAINTENANCE & REPAIRS (Repairs and Maintenance) COMPUTER MAINT & REPAIRS (Computer Repairs) 6990.44 JANITORIAL/CLEANING EXP 6666.89 MOVING EXPENSES 1461.94 OFFICE REPAIRS (Building Repairs) 3.116.86 SECURITY 130.49 MAINTENANCE 8 REPAIRS (Repairs and Maintenance) - Other 1829.39 Total MAINTENANCE 8 REPAIRS (Repairs and Maintenance) 28.196.01 MIAMI OFFICE 1.470.17 MISCELLANEOUS (Miscellaneous) CAR EXPENSES (Automobile Expense) -169.31 Total MISCELLANEOUS (Miscellaneous) -169.31 MODEL COSTS 300.00 Page 2 EFTA00792626  MAJOR MODEL MANAGEMENT,INC. 05/12/17 Profit & Loss January 31 through December 31, 2016 Jan 31 - Dec 31, 16 OPERATING EXPENSES CAR SERVICE- OPERATING EXPENSES 6.984.29 CAR SERVICE- WOMEN'S DIVISION 4,815.28 CELLULAR PHONE/ WIFI/ DATA PLAN 6.842.76 COPIER LEASE 4.353.19 COPIER SUPPLIES 375.00 FDNY PERMIT- 419 P.A.S. 210.00 HAZARD REMOVAL DEPOSIT- 419 PAS 920.92 OFFICE CABLE SERVICE 5,767.13 OFFICE FURNITURE/ EQUIPMENT (OFFICE FURNITURE) 2.951.60 OFFICE SECURITY SYSTEM 260.98 REAL ESTATE TAXES 11140.84 RENT-BRONXVILLE 5,500.00 RENT-OFFICE (Rent) 211.758.83 TELEPHONE EXPENSES 29374.86 UTILITIES (Utilities) ELECTRIC 15.527.34 Total UTILITIES (Utilities) 16527.34 Total OPERATING EXPENSES 306,783.02 PAYROLL EXPENSES Accounting 126,678.94 ADP PAYROLL PROC. CHGS 10,661.16 ASSISTANTS 66,345.75 PAYROLL TAXES 391,943.58 SALARIES-ADMINISTRATIVE 224,273.18 SALARIES-MEN DIVISION 36,468.24 SALARIES-WOMEN DIV. 402,930.58 Total PAYROLL EXPENSES 1.259.501.43 PROFESSIONAL FEES (Professional Fees) 401K CONSULTING 1.067.50 CERTIFIED PUBLIC ACCOUNTANT FEE 81.726.00 CONSULTANT FEES 46.763.00 LEGAL FEES (Legal Fees) 42.699.98 Total PROFESSIONAL FEES (Professional Fees) 174,276.48 SCOUTING EXPENSES ACCOMMODATIONS 4,974.76 AIRFARE 23,673.06 CAR SERVICE- GIANMARIA CASSANI 3,215.77 CAR SERVICE-SCOUTING 111.28 GENERAL TRIP EXPENSES 6,233.32 MEALS 99.24 SCOUTING EXPENSES - Other 48.00 Total SCOUTING EXPENSES 36.555.43 suspense 0.00 TRANSPORTATION 16.998.96 WORKING EXPENSES DOMAIN EXPENSES 132.25 OFFICE SUPPLIES 8 STATIONERIES 21.290.23 POSTAGE METER LEASE 1.527.79 POSTAGE STAMPS CONSUMED 1.847.50 PRINTED FORMS 3.507.79 VISA FILING FEES-EMPLOYEES 2.525.00 WEBSITE SUBSCRIPTIONS/ APPS 5.108.74 Total WORKING EXPENSES 35.939.30 Total Expense 2.080.370.76 Net Ordinary Income -143.906.96 Page 3 EFTA00792627  MAJOR MODEL MANAGEMENT,INC. 05/12/17 Profit & Loss January 31 through December 31, 2016 Jan 31 - Dec 31, 16 Other Income/Expense Other Income MISC. DEPOSITS 526.16 Total Other Income 526.16 Other Expense TAXES City Tax 2.046.54 Federal Tax 1.193.45 Foreign Taxes 170.00 State Tax 1.903.00 Total TAXES 5.312.99 Total Other Expense 5.312.99 Net Other Income 4786.83 Net Income -148,693.79 Page 4 EFTA00792628