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2.63 Correspondence 5
2.63 - - -- Heckman Motors, Inc. -� 07/28/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Par April through June 2015 Apr 15 May 15 Ju 15 TOTAL Ordinary Income/Expense CITY Oi- "()PT t ELE Income __!a 61150•Mileage-Truck 0 162 31 193 61200 •Time/Daily Rental-Car 7,965 14,311 27,697 49,974 61250 Truck Daily Rental 190 290 64 544 61300 Loss Damage Waiver(LDW) 429 1,328 2,429 4,186 61400• Discounts -50 -242 -454 -745 61450 •Adjustments -139 -164 0 -303 61550 •Cash Over/Short 0 -0 32 32 61701 Intercity Car Rental<Revenue> 524 485 1,724 2,733 61702 Intercity Car Rental<Expense> -1,021 -2,685 -4,453 -8,158 62102 P.A.C.<Expense> 0 0 0 0 62103• P.A.E.<Revenue> 24 24 6 54 62104• P.A.E.<Expense> -6 -6 -2 -14 62107• Extra Driver Fee 0 143 117 260 62109 •Underage Driver Fee 108 216 270 594 62115•GPS Rental 0 84 56 140 62200•Other Income 62201 • Retail Car Sales-Gross 0 0 28,394 28,394 62204•Other Rental Income 0 264 0 264 62207 •Misc.Retail Income-FaxCopyMail 0 0 0 0 62208• Documentary Service Fee 0 0 18 18 62220• Interest 0 0 0 0 Total 62200 •Other Income 0 264 28,412 28,676 62250• Bus Lines Revenue BusLines Express Freight 400 656 475 1,531 Greyhound Sales Commission 229 165 198 592 OBL Bus Revenue 46,026 56,571 68,864 171,461 Total 62250 •Bus Lines Revenue 46,655 57,391 69,537 173,584 62275• DOT Contract/Grant Income Old Program Calculation 34,184 34,932 15,529 84,645 Over/Under Old Program 8,535 9,391 28,380 46,306 62275• DOT Contract/Grant Income-Other 0 0 0 0 Total 62275 • DOT Contract/Grant Income 42,719 44,323 43,909 130,951 62300 • Baby Seat Income 0 0 65 65 62701 •S.L.I.<Revenue> 84 28 405 516 62702•S.L.I.<Expense> -42 -14 -202 -258 63525•Celestial Espresso Lease Revenu 100 100 100 300 63550 • 105 Front St. PA Lease Revenue 600 600 600 1,800 64000 • Daily Parking Revenue 709 1,585 1,266 3,561 64200 •Long Term Storage Revenue 765 765 665 2,195 Total Income 99,613 118,989 172,276 390,878 Cost of Goods Sold 70790 • Cost of Sales-Retail 0 0 24,909 24,909 Total COGS 0 0 24,909 24,909 Gross Profit 99,613 118,989 147,367 365,969 Expense Advertising&Promotion Expense 73000•Television Expense 2,465 4,248 2,643 9,355 73100•Yellow Pages Expense 935 963 949 2,846 73200 • Newspaper Expense 906 3,847 2,911 7,664 73300 • Radio Expense 1,390 1,236 2,935 5,562 73400 •Billboard Expense 1,200 1,200 1,511 3,911 73500 • Rack Cards(Printing/Distrib.) 0 1,214 -1,012 202 73600•Website 35 35 35 105 73900•Advertising and Promotion 75 75 75 225 Pagel Heckman Motors, Inc. 07/28/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2015 Apr 15 May 15 Jun 15 TOTAL Advertising&Promotion Expense-Other 88 -88 -88 -264 Total Advertising&Promotion Expense 6,918 12,730 9,959 29,606 Direct Vehicle Expense 70100 Depreciation Expense-Vehicle 7,731 9,417 11,820 28,967 70110 Interest Expense-Vehicles 0 9 77 87 70200 Insurance Exp.-Vehicles 2,547 2,628 2,799 7,974 70210• Parts Expense 378 513 160 1,051 70220•Tires Expense 0 0 242 242 70300•Outside Maintenace&Repairs 3,395 4,597 6,961 14,953 70310 •Vehicle Damage Repair 0 0 189 189 70350 •Subrogation 0 -500 -915 -1,415 70370 •Windshield Replacement/Repair 0 0 1,442 1,442 70500 Monthly Car Fees 638 1,234 2,271 4,142 70700 Licenses-Vehicles 808 573 1,074 2,454 70705 VLF Passthrough Charge -7 -122 -221 -350 70750•Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -229 -1,119 -902 -2,250 Total Direct Vehicle Expense 15,261 17,230 24,997 57,487 General&Admn.Expense 77100 • Bad Debt Expense 0 26 0 26 77110 • Bank Charges 153 1 54 208 77120 •Equip/Furn Exp-Less than$500 139 81 30 251 77200 •Office Supplies 345 866 436 1,647 77210• Postage and Freight 190 56 73 319 77220•Supplies 0 218 0 218 77230•Telephone Expense 1,011 1,008 658 2,678 77260 • Depreciation Expense 23 24 24 71 77310 • Professional Fees-Legal 0 0 75 75 77400 • Meals&Entertainment 24 6 6 36 77410 • Dues and Subscriptions 13 128 -650 -509 77420 •General Insurance Expense 0 0 0 0 77425 •Customer Goodwill 0 0 105 105 77430•Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 177 202 222 602 OBL Hotel(ALL HOTELS) -105 -150 -114 -368 Snacks/Water/Blankets for Buses Snacks/Water for Buses 930 733 752 2,415 Cleaning Blankets Expense 56 50 37 143 Total Snacks/Water/Blankets for Buses 986 783 789 2,558 Vehicle Owner Info from DOL 7 7 2 16 77430 •Other General Expenses-Other 0 0 55 55 Total 77430 •Other General Expenses 1,166 942 1,055 3,163 77510 • Uniform Expense 106 87 90 283 77820 Computer Equipment-Maintenance 65 67 68 201 77830 Copy Machine Maintenance 276 0 0 276 77900 Taxes&Licenses-Business 77901 • Business Licenses 457 2,738 0 3,195 77902 • Business Taxes 1,786 2,076 2,519 6,382 Total 77900•Taxes&Licenses-Business 2,243 4,814 2,519 9,576 General&Admn.Expense-Other -94 -128 -159 -381 Total General&Admn. Expense 5,660 8,196 4,385 18,240 Occupancy Expense 75100 •Airport Concession Fee 0 0 0 0 75110 • Rent 5,279 5,355 5,329 15,963 75200 • Utilities 690 570 752 2,012 Page 2 Heckman Motors, Inc. 07/28/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2015 Apr 15 May 15 Jun 15 TOTAL 75300• Insurance-Buildings/Bus Stops 0 742 -644 98 75400• Maintenance&Repair-Facilities 232 4 371 607 75600•Sign Expense 0 14 1 15 75800•Other Occupancy Expense 8 0 0 8 Occupancy Expense-Other -143 -302 -575 -1,020 Total Occupancy Expense 6,066 6,383 5,232 17,682 Operating Expense 72100•Garage&Washing Supplies 530 37 81 649 72110•Oil/Transmission Fluid Expense 101 123 98 322 72510• Drop-off Collection 0 -69 0 -69 72600•Vehicle Transfer 485 324 1,297 2,106 72700•Other Operating Expense Bridge Tolls Bridge Toll Recovery Charges 0 -6 0 -6 Bridge Tolls-Other 0 7 8 15 Total Bridge Tolls 0 1 8 9 Taxicab/Courier Expense 0 231 45 276 Total 72700•Other Operating Expense 0 232 53 285 72750• Port Fees 139 144 128 411 72800•Gasoline Expense 5,203 6,152 7,523 18,878 72850•Gasoline Refueling Charge -224 -608 -728 -1,560 77415• Ferry Fees 8,427 10,363 10,657 29,446 Operating Expense-Other -121 -96 -388 -605 Total Operating Expense 14,540 16,603 18,721 49,864 Personnel Expense 76200•Corporate Officers Wages 5,471 5,613 5,690 16,775 76300•Accounting Wages 4,391 4,973 4,755 14,119 76620 •Counter Agents Wages 8,679 11,376 12,255 32,310 76650 • Parking Attendents Wages 81 102 61 245 76730 •Service Wages 4,504 4,965 4,981 14,449 76810 • Incentive Pay 469 400 472 1,341 76850 • Bus Line Driver 13,386 14,766 13,538 41,689 76875•Vehicle Transfer Driver 113 0 293 406 76900 • Payroll Tax Expense Employment Security 143 164 163 469 FICA 2,527 2,836 2,828 8,191 FUTA 75 61 47 183 Labor&Industries 1,231 1,350 1,422 4,003 Medicare 591 663 661 1,916 76900• Payroll Tax Expense-Other -347 -338 -350 -1,035 Total 76900 • Payroll Tax Expense 4,218 4,737 4,771 13,726 76910 • Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 147 147 190 484 76910•Other Personnel Expenses-Other 7 10 4 21 Total 76910 •Other Personnel Expenses 154 157 194 505 76920 • Medical Insurance ACA Reinsurance Fees(IRS) 29 0 0 29 76920• Medical Insurance-Other 7,758 7,255 7,263 22,276 Total 76920 • Medical Insurance 7,788 7,255 7,263 22,305 Personnel Expense-Other -722 -1,823 -3,326 -5,872 Total Personnel Expense 48,532 52,522 50,945 151,999 Selling Expense 74100 Travel Agency Commissions 13 0 0 13 74300 Credit Card Commissions 850 1,316 1,790 3,955 Page 3 Heckman Motors, Inc. 07/28/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2015 Apr 15 May 15 Jun 15 TOTAL 74426 • BusLines Greyhound Discounts 246 235 267 748 74500• Reservation Expense 1,206 1,376 1,771 4,353 74600 •Other Selling Expenses AVIS/BRAC Rategain 514 39 39 593 Dealerslink(MIS) 470 470 470 1,410 NBTA 3 154 6 163 Total 74600 •Other Selling Expenses 987 664 515 2,166 Selling Expense-Other -257 -20 -20 -297 Total Selling Expense 3,044 3,570 4,324 10,938 Total Expense 100,021 117,233 118,563 335,817 Net Ordinary Income -408 1,756 28,804 30,152 Net Income -408 1,756 28,804 30,152 Page 4 9:09 PM Heckman Enterprises, Inc. 07/28/15 Profit & Loss-AVIS Downtown Accrual Basis April through June 2015 Apr 15 May 15 Jun 15 TOTAL Income 61100• Mileage-Car 79.20 135.60 256.25 471.05 62106•Cleaning Fee 0.00 250.00 0.00 250.00 62115•GPS Rental 0.00 0.00 83.70 83.70 61200 Time/Daily Rental-Car 1,586.33 4,145.13 10,624.65 16,356.11 61300 Loss Damage Waiver(LDW) 173.94 376.87 695.76 1,246.57 61400 Discount -18.10 -129.04 -206.79 -353.93 61450 Adjustments -97.50 0.00 0.00 -97.50 61550•Cash Over/Short 0.00 0.00 0.06 0.06 61701 Intercity Car Rental(Revenue) 192.78 638.03 874.63 1,705.44 61702 Intercity Car Rental(Expense) -562.69 -1,437.52 -2,106.16 -4,106.37 62103• P.A.E.(Revenue) 0.00 23.80 0.00 23.80 62104• P.A.E.(Expense) 0.00 -6.19 0.00 -6.19 62107• Extra Driver Fee 0.00 0.00 78.00 78.00 62701 •S.L.I.(Revenue) 0.00 83.70 83.70 167.40 62702 •S.L.I.(Expense) 0.00 -41.85 -41.85 -83.70 Total income 1,353.96 4,038.53 10,341.95 15,734.44 Expense Advertising and Promotion 73100 •Yellow Pages Expense 87.91 87.93 87.93 263.77 73900• Misc.Advertising and Promotion 0.00 0.00 0.00 0.00 Total Advertising and Promotion 87.91 87.93 87.93 263.77 Direct Vehicle Expense 70705•VLF Passthrough Charge -1.76 -13.64 -27.72 -43.12 70110 •Interest Expense-Vehicles 0.00 2.08 21.37 23.45 70200• Insurance Exp.-Vehicles 94.93 175.84 262.52 533.29 70210 • Parts Expense 2.22 115.86 5.32 123.40 70220•Tires Expense 0.00 0.00 0.00 0.00 70300•Outside Maintenance&Repairs 41.50 715.28 100.68 857.46 70310•Vehicle Damage Repair 0.00 0.00 0.00 0.00 70370•Windshield Replacement/Repair 0.00 0.00 295.10 295.10 70500 • Monthly Car Fees 126.64 357.50 862.23 1,346.37 70700 • Licenses-Vehicles 90.00 109.93 217.49 417.42 70750 •Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 353.53 1,462.85 1,736.99 3,553.37 General&Admin Expense 77000•Amortization-Franchise 49.71 54.69 54.65 159.05 77100• Bad Debt Expense 0.00 256.55 -256.55 0.00 77110• Bank Charges 0.07 0.04 0.30 0.41 77120 • Equip/Furn Exp-Less than$500 1.89 0.00 0.00 1.89 77200 Office Supplies 7.24 24.03 18.59 49.86 77210 Postage and Delivery 11.29 7.10 17.15 35.54 77230•Telephone Expense 14.32 30.64 36.06 81.02 77300• Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310• Professional Fees-Legal 0.00 0.00 0.00 0.00 77400• Meals and Entertainment 0.00 2.82 3.14 5.96 77405•Travel&Meetings 0.00 0.00 0.00 0.00 77410 • Dues and Subscriptions 19.34 30.48 22.12 71.94 77420 •General Insurance Expense 0.00 0.00 0.00 0.00 77425•Customer Goodwill 0.00 0.00 0.00 0.00 77430 •Other General Expenses Bluebird Wizard Accounting 50.00 50.00 50.00 150.00 Total 77430 •Other General Expenses 50.00 50.00 50.00 150.00 77510 •Uniform Expense 0.00 4.00 44.92 48.92 77820 •Computer Equipment Maintenance 1.54 3.47 6.22 11.23 77830 •Copy Machine Maintenance 6.47 0.00 0.00 6.47 77900 •Taxes&Licenses-Business 77901 • Business Licenses and Permits 1.55 0.00 0.00 1.55 77902 • Business Taxes 0.00 0.00 11.64 11.64 Pagel 9:09 PM Heckman Enterprises, Inc. 07/28/15 Profit & Loss-AVIS Downtown Accrual Basis April through June 2015 Apr 15 May 15 Jun 15 TOTAL Total 77900 Taxes&Licenses-Business 1.55 0.00 11.64 13.19 Total General&Admin Expense 163.42 463.82 8.24 635.48 Occupancy Expense 75100 •Airport Concession Fee 0.00 0.00 0.00 0.00 75110 •Rent 122.49 274.32 483.39 880.20 75200 • Utilities 14.84 27.23 63.70 105.77 75400 • Maintenance&Repair-Facilities 5.46 0.18 28.29 33.93 Total Occupancy Expense 142.79 301.73 575.38 1,019.90 Operating Expense 72100 •Garage&Washing Supplies 14.87 0.86 7.55 23.28 72600 •Vehicle Transfer Expense 71.88 73.18 358.80 503.86 72700 • Other Operating Expense Bridge Tolls Bridge Tolls 0.00 0.00 1.38 1.38 Total Bridge Tolls 0.00 0.00 1.38 1.38 Total 72700•Other Operating Expense 0.00 0.00 1.38 1.38 72800•Gasoline Expense 65.17 58.01 15.98 139.16 72850•Gasoline Refueling Charge -111.59 -77.91 -282.28 -471.78 77415• Ferry Fees 0.00 0.00 4.33 4.33 Total Operating Expense 40.33 54.14 105.76 200.23 Personnel Expense 76200•Corporate Officers Wages 128.52 290.29 519.86 938.67 76300 •Accounting Wages 103.14 257.18 434.44 794.76 76620 •Counter Agent Wages 200.09 589.97 1,147.41 1,937.47 76730 •Service Wages 108.77 265.06 463.38 837.21 76810 • Incentive Pay 8.19 18.37 31.86 58.42 76900 • Payroll Tax Expense 58.10 150.27 279.86 488.23 76910 •Other Personnel Expenses 0.17 0.53 0.33 1.03 76920 • Medical Insurance 115.43 251.20 449.25 815.88 Total Personnel Expense 722.41 1,822.87 3,326.39 5,871.67 Selling Expenses 74100 •Travel Agency Commissions 55.25 107.78 120.46 283.49 74300•Credit Card Commissions 79.42 149.74 368.14 597.30 74500• Reservation Expense 0.00 140.39 253.05 393.44 74600•Other Selling Expense AVIS/BRAC Rategain 257.17 19.67 19.67 296.51 AVIS"AID"Charges 35.24 11.91 35.12 82.27 AVIS Equifax Credit Reporting 0.00 0.65 1.20 1.85 Total 74600•Other Selling Expense 292.41 32.23 55.99 380.63 Total Selling Expenses 427.08 430.14 797.64 1,654.86 Total Expense 1,937.47 4,623.48 6,638.33 13,199.28 Net Income -583.51 -584.95 3,703.62 2,535.16 Page 2 2 63 Heckman Motors, Inc. 11/08/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Par ing/Sales July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL Ordinary Income/Expense Income 61100 • Mileage-Car 0 370 0 370 61150• Mileage-Truck 368 27 335 730 61200 •Time/Daily Rental-Car 31,420 30,809 20,562 82,790 61250•Truck Daily Rental 363 257 160 780 61300• Loss Damage Waiver(LDW) 2,637 1,524 986 5,147 61400 • Discounts -567 -395 -312 -1,275 61450 •Adjustments -17 -101 -90 -207 61550 Cash Over/Short -0 -0 1 1 61701 Intercity Car Rental<Revenue> 4,579 9,633 7,052 21,264 61702 Intercity Car Rental<Expense> -5,759 -6,199 -3,363 -15,321 62100 P.A.C.<Revenue> 0 9 0 9 62102• P.A.C.<Expense> 0 -2 0 -2 62103 P.A.E.<Revenue> 65 48 42 155 62104 P.A.E.<Expense> -17 -12 -11 -40 62107• Extra Driver Fee 26 144 156 326 62109• Underage Driver Fee 0 0 243 243 62115 •GPS Rental 126 112 98 335 62200•Other Income 62204•Other Rental Income 7 125 0 132 62207 •Misc.Retail Income-FaxCopyMail 9 0 44 54 62220 • Interest 0 0 0 0 Total 62200•Other Income 16 125 44 186 62250• Bus Lines Revenue BusLines Express Freight 707 500 350 1,557 Greyhound Sales Commission 145 151 270 567 OBL Bus Revenue 70,796 67,049 64,790 202,636 Total 62250• Bus Lines Revenue 71,648 67,701 65,410 204,759 62275• DOT Contract/Grant Income Old Program Calculation 20,026 13,456 17,091 50,573 Over/Under Old Program 24,939 31,946 27,064 83,949 62275 • DOT Contract/Grant Income-Other 0 0 0 0 Total 62275• DOT Contract/Grant Income 44,966 45,402 44,155 134,523 62701 •S.L.I.<Revenue> 698 483 432 1,613 62702 S.L.I.<Expense> -349 -242 -225 -815 67203 R.S.N.(Income) 26 0 0 26 63525•Celestial Espresso Lease Revenu 100 100 100 300 63550• 105 Front St.PA Lease Revenue 600 600 600 1,800 64000• Daily Parking Revenue 3,861 3,400 3,049 10,310 64200 • Long Term Storage Revenue 970 860 580 2,410 Total Income 155,759 154,651 140,004 450,414 Gross Profit 155,759 154,651 140,004 450,414 Expense Advertising&Promotion Expense 73000 Television Expense 2,312 2,461 3,754 8,526 73100 Yellow Pages Expense 938 938 938 2,813 73200• Newspaper Expense 2,770 3,812 3,110 9,692 73300• Radio Expense 1,262 1,195 1,282 3,740 73400 •Billboard Expense 889 1,200 1,200 3,289 73500 Rack Cards(Printing/Distrib.) 1,012 0 0 1,012 73600 Website 35 35 35 105 73700• KONP Home Show 0 0 400 400 73900 •Advertising and Promotion 75 75 270 420 Advertising&Promotion Expense-Other -82 -82 -180 -345 Total Advertising&Promotion Expense 9,210 9,634 10,809 29,652 Direct Vehicle Expense 70100• Depreciation Expense-Vehicle 14,089 13,679 13,092 40,859 Pagel Heckman Motors, Inc. 11/08/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL 70110• Interest Expense-Vehicles 946 515 282 1,743 70200• Insurance Exp.-Vehicles 2,969 2,946 2,899 8,813 70210• Parts Expense 618 133 34 785 70220 •Tires Expense 367 0 538 905 70230 •Towing Expense 0 0 795 795 70300•Outside Maintenace&Repairs 8,900 3,791 1,561 14,252 70310•Vehicle Damage Repair 129 59 1,624 1,812 70350•Subrogation -125 -37 -718 -881 70370-Windshield Replacement/Repair 0 0 0 0 70500- Monthly Car Fees 2,577 2,465 1,660 6,703 70700- Licenses-Vehicles 1,462 89 141 1,692 70705•VLF Passthrough Charge -235 -210 -176 -621 70750•Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -1,799 -858 -18 -2,675 Total Direct Vehicle Expense 29,897 22,572 21,714 74,183 General&Admn. Expense 77110 • Bank Charges 10 1,183 7 1,200 77120• Equip/Furn Exp-Less than$500 621 1,456 0 2,076 77200• Office Supplies 272 329 1,073 1,674 77210• Postage and Freight 315 25 139 479 77230•Telephone Expense 1,635 1,038 1,126 3,799 77240•Cable Television 0 73 140 213 77260• Depreciation Expense 23 174 181 379 77310• Professional Fees-Legal 60 95 0 155 77405•Travel&Meetings 0 20 11 31 77410 • Dues and Subscriptions 1,955 683 -314 2,324 77420•General Insurance Expense 0 810 780 1,589 77425•Customer Goodwill -88 246 0 159 77430•Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 250 241 234 726 OBL Hotel(ALL HOTELS) -87 -121 -143 -351 Snacks/Water/Blankets for Buses Snacks/Water for Buses 1,149 887 869 2,904 Cleaning Blankets Expense 49 51 63 163 Total Snacks/Water/Blankets for Buses 1,198 937 932 3,067 Vehicle Owner Info from DOL 10 11 7 27 Total 77430•Other General Expenses 1,470 1,168 1,130 3,769 77510 • Uniform Expense 0 125 115 240 77820 • Computer Equipment-Maintenance 250 1,756 264 2,280 77830 •Copy Machine Maintenance 0 0 0 0 77900 •Taxes&Licenses-Business 77901 • Business Licenses 82 130 0 212 77902• Business Taxes 2,516 2,433 2,289 7,238 Total 77900•Taxes&Licenses-Business 2,598 2,563 2,289 7,450 General&Admn. Expense-Other -641 -1,642 -535 -2,818 Total General&Admn.Expense 8,482 10,112 6,407 25,001 Occupancy Expense 75100•Airport Concession Fee 0 0 0 0 75110, Rent 5,345 5,306 5,230 15,880 75200• Utilities 533 525 655 1,713 75300• Insurance-Buildings/Bus Stops 644 0 0 644 75400• Maintenance&Repair-Facilities 0 186 370 556 75600 • Sign Expense 4 19 14 37 75800 -Other Occupancy Expense 9 0 0 9 Occupancy Expense-Other -920 -1,122 -849 -2,891 Page 2 Heckman Motors, Inc. 11/08115 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL Total Occupancy Expense 5,615 4,914 5,420 15,948 Operating Expense 72100 Garage&Washing Supplies 149 243 41 432 72110 Oil/Transmission Fluid Expense 74 19 42 135 72510• Drop-off Collection -150 -341 -469 -960 72600•Vehicle Transfer 221 0 0 221 72700•Other Operating Expense Bridge Tolls Bridge Toll Recovery Charges -21 -37 0 -58 Bridge Tolls-Other 107 0 12 119 Total Bridge Tolls 86 -37 12 61 Vehicle Rental/Charter 0 0 692 692 72700 •Other Operating Expense-Other 0 0 33 33 Total 72700•Other Operating Expense 86 -37 737 786 72750 • Port Fees 144 146 139 429 72800•Gasoline Expense 6,632 6,739 5,553 18,923 72850•Gasoline Refueling Charge -670 -756 -373 -1,799 77415• Ferry Fees 11,197 10,854 9,986 32,037 Operating Expense-Other -220 -52 -49 -321 Total Operating Expense 17,461 16,814 15,607 49,883 Personnel Expense 76200 •Corporate Officers Wages 5,425 5,393 5,512 16,330 76300 •Accounting Wages 5,558 5,286 4,832 15,676 76620 Counter Agents Wages 12,392 12,070 11,944 36,406 76650 Parking Attendents Wages 98 65 101 265 76730 Service Wages 5,610 4,455 3,961 14,026 76810• Incentive Pay 549 512 461 1,522 76850 • Bus Line Driver 15,173 14,540 15,648 45,361 76875•Vehicle Transfer Driver 0 2,171 864 3,035 76900• Payroll Tax Expense Employment Security 180 179 173 533 FICA 3,085 3,070 2,977 9,132 FUTA 35 30 17 82 Labor&Industries 1,453 1,555 1,392 4,401 Medicare 722 718 696 2,136 76900 • Payroll Tax Expense-Other -488 -500 -463 -1,450 Total 76900 • Payroll Tax Expense 4,988 5,053 4,792 14,834 76910 •Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 441 0 190 631 76910•Other Personnel Expenses-Other 162 6 0 168 Total 76910•Other Personnel Expenses 603 6 190 799 76920 • Medical Insurance 7,528 7,591 7,577 22,697 Personnel Expense-Other -6,015 -7,621 -4,338 -17,974 Total Personnel Expense 51,909 49,522 51,545 152,976 Selling Expense 74100 Travel Agency Commissions 0 13 56 69 74300 Credit Card Commissions 2,024 2,185 1,690 5,900 74426 BusLines Greyhound Discounts 345 272 278 895 74500 Reservation Expense 1,986 2,150 1,520 5,657 74600 Other Selling Expenses AVIS/BRAG Rategain 39 39 39 118 Dealerslink(MIS) 470 313 0 783 NBTA 9 160 6 175 Total 74600 •Other Selling Expenses 518 513 45 1,077 Page 3 Heckman Motors, Inc. 11,08,15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL Selling Expense-Other -20 -20 -20 -59 Total Selling Expense 4,854 5,113 3,571 13,538 Total Expense 127,429 118,680 115,073 361,182 Net Ordinary Income 28,330 35,971 24,931 89,232 Net Income 28,330 35,971 24,931 89,232 i ail I Page 4 2.63 l 12:38 PM Heckman Enterprises, Inc. ( - 11/10/15 Profit & Loss-AVIS Downtown`` - _- Accrual Basis July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL --- --------- Income 61100 Mileage-Car 560.29 1,261.83 112.90 1,935.02 62115•GPS Rental 69.75 41.85 83.70 195.30 61200•Time/Daily Rental-Car 17,922.56 20,458.38 10,622.08 49,003.02 61300 • Loss Damage Waiver(LDW) 840.71 695.76 1,072.63 2,609.10 61400• Discount -348.22 -626.25 -187.57 -1,162.04 61450•Adjustments 0.00 -170.67 -43.00 -213.67 61550•Cash Over/Short 0.00 0.00 -161.76 -161.76 61701 Intercity Car Rental(Revenue) 5,150.27 9,186.67 5,504.39 19,841.33 61702 Intercity Car Rental(Expense) -4,081.15 -6,235.18 -4,675.38 -14,991.71 62103• P.A.E.(Revenue) 0.00 0.00 107.10 107.10 62104• P.A.E.(Expense) 0.00 0.00 -27.85 -27.85 62107• Extra Driver Fee 65.00 130.00 78.00 273.00 62109• Underage Driver Fee 27.00 54.00 81.00 162.00 62701 •S.L.I.(Revenue) 265.05 111.60 418.50 795.15 62702•S.L.I.(Expense) -132.53 -55.80 -217.62 -405.95 Total Income 20,338.73 24,852.19 12,767.12 57,958.04 Expense Advertising and Promotion 73100 •Yellow Pages Expense 82.43 82.43 82.43 247.29 73900 • Misc.Advertising and Promotion 0.00 0.00 97.50 97.50 Total Advertising and Promotion 82.43 82.43 179.93 344.79 Direct Vehicle Expense 70350•Subrogation 0.00 0.00 -718.26 -718.26 70705•VLF Passthrough Charge -35.20 -32.12 -19.36 -86.68 70110 •Interest Expense-Vehicles 374.39 208.12 94.11 676.62 70200• Insurance Exp.-Vehicles 443.05 443.05 349.77 1,235.87 70210 • Parts Expense 95.05 40.09 0.00 135.14 70220•Tires Expense 0.00 0.00 179.41 179.41 70300 •Outside Maintenance&Repairs 280.35 130.56 66.02 476.93 70310•Vehicle Damage Repair 0.00 0.00 0.00 0.00 70500• Monthly Car Fees 1,426.96 1,630.26 879.00 3,936.22 70700 •Licenses-Vehicles 606.48 36.01 46.88 689.37 70750•Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 3,191.08 2,455.97 877.57 6,524.62 General&Admin Expense 77000 •Amortization-Franchise 52.98 53.91 50.55 157.44 77100 • Bad Debt Expense 291.43 -217.35 -74.08 0.00 77110 • Bank Charges 0.32 475.31 0.13 475.76 77120 • Equip/Furn Exp-Less than$500 98.60 304.20 0.00 402.80 77200 •Office Supplies 40.21 69.25 62.29 171.75 77210 •Postage and Delivery 28.12 6.03 17.16 51.31 77230•Telephone Expense 169.88 114.61 82.72 367.21 77240 •Cable Television Expense 0.00 13.61 16.55 30.16 77260 • Depreciation Expense 0.00 20.52 12.86 33.38 77300 • Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310 •Professional Fees-Legal 0.00 17.72 0.00 17.72 77405•Travel&Meetings 0.00 4.31 1.85 6.16 77410 •Dues and Subscriptions 126.62 94.44 19.55 240.61 77420•General Insurance Expense 0.00 54.40 225.89 280.29 77425•Customer Goodwill 0.00 0.00 0.00 0.00 77430•Other General Expenses AVIS Wizard Monthly Fees 43.29 0.00 0.00 43.29 Bluebird Wizard Accounting 50.00 50.00 50.00 150.00 Total 77430•Other General Expenses 93.29 50.00 50.00 193.29 77510 • Uniform Expense 0.00 125.37 57.56 182.93 77820 • Computer Equipment Maintenance 37.53 354.87 28.19 420.59 77830 •Copy Machine Maintenance 0.00 0.00 0.00 0.00 77900•Taxes&Licenses-Business 77901 • Business Licenses and Permits 0.00 0.00 0.00 0.00 Pagel 12:38 PM Heckman Enterprises, Inc. 11/10/15 Profit & Loss-AVIS Downtown Accrual Basis July through September 2015 Jul 15 Aug 15 Sep 15 TOTAL 77902• Business Taxes 1.88 0.00 379.21 381.09 Total 77900 •Taxes&Licenses-Business 1.88 0.00 379.21 381.09 Total General&Admin Expense 940.86 1,541.20 930.43 31412.49 Occupancy Expense 75110• Rent 843.20 981.39 613.53 2,438.12 75200• Utilities 77.02 88.81 71.72 237.55 75400• Maintenance&Repair-Facilities 0.00 51.63 156.12 207.75 75600•Sign Expense 0.00 0.00 7.21 7.21 Total Occupancy Expense 920.22 1,121.83 848.58 2,890.63 Operating Expense 72110•Oil/Transmission Fluid Expense 0.00 0.00 10.10 10.10 72100 •Garage&Washing Supplies 34.26 43.57 4.97 82.80 72510 Drop-Off Collection -198.00 -138.00 -150.00 -486.00 72600 Vehicle Transfer Expense 87.40 0.00 0.00 87.40 72700•Other Operating Expense Bridge Tolls Bridge Tolls 100.60 0.00 0.00 100.60 Bridge Toll Recovery Charges -13.75 -37.25 0.00 -51.00 Total Bridge Tolls 86.85 -37.25 0.00 49.60 Total 72700 • Other Operating Expense 86.85 -37.25 0.00 49.60 72800 •Gasoline Expense 179.43 84.83 76.71 340.97 72850•Gasoline Refueling Charge -270.69 -85.83 -207.95 -564.47 Total Operating Expense -80.75 -132.68 -266.17 -479.60 Personnel Expense 76200 •Corporate Officers Wages 861.49 1,003.88 651.51 2,516.88 76300 •Accounting Wages 882.65 984.03 571.15 2,437.83 76620•Counter Agent Wages 1,968.54 2,243.16 1,408.23 5,619.93 76730 Service Wages 925.61 857.36 484.95 2,267.92 76810 Incentive Pay 56.67 65.59 41.10 163.36 76875•Vehicle Transfer Driver Wages 0.00 824.13 220.88 1,045.01 76900 •Payroll Tax Expense 495.29 671.42 344.75 1,511.46 76910•Other Personnel Expenses 5.11 1.17 0.00 6.28 76920 • Medical Insurance 820.05 970.18 614.96 2,405.19 Total Personnel Expense 6,015.41 7,620.92 41337.53 17,973.86 Selling Expenses 74100 •Travel Agency Commissions 199.28 552.79 338.26 1,090.33 74300 •Credit Card Commissions 607.04 783.66 482.13 1,872.83 74500• Reservation Expense 299.64 731.59 278.59 1,309.82 74600 •Other Selling Expense AVIS/BRAC Rategain 19.67 19.67 19.67 59.01 AVIS"AID"Charges 110.94 105.06 99.69 315.69 AVIS Equifax Credit Reporting 1.84 0.89 1.84 4.57 AVIS Loyalty Earnings Fees 10.24 11.06 3.82 25.12 Total 74600•Other Selling Expense 142.69 136.68 125.02 404.39 Total Selling Expenses 1,248.65 2,204.72 1,224.00 4,677.37 Total Expense 12,317.90 14,894.39 8,131.87 35,344.16 Net Income 8,020.83 9,957.80 4,635.25 22,613.88 Page 2 HECKMAN MOTORS,'NC:-- 03/23/16 Balance Sheet As of December 31, 2015 Dec 31, 15 Dec 31,14 ASSETS Current Assets Checking/Savings 10200 •Cash in Drawers Cash Register-Port Angeles275 275.00 275.00 Driver Bank-Adams,Wayne 40.00 40.00 Driver Bank-Lee,Jessica 40.00 40.00 Driver Bank-McDaniel, Rick 0.00 40.00 Driver Bank-Nelson,Willie 0.00 40.00 Driver Bank-Pattison,Cap 40.00 40.00 Driver Bank-Sebastian,John 40.00 40.00 Driver Bank-Thaning,Charles 40.00 40.00 Driver Bank-Wallace,Anthony 40.00 40.00 Total 10200•Cash in Drawers 515.00 595.00 10300• Fidelity Brokerage Account 1,202.03 1,201.91 10400• First Federal Checking 64,760.07 83,767.07 10425• First Federal Money Market 815.62 815.62 10430 • First Federal Cap. Replace M.M 0.00 833.88 Total Checking/Savings 67,292.72 87,213.48 Accounts Receivable 11200•Credit Card Receivables 822.11 2,203.99 11300•Accounts Receivable 140,401.31 125,509.54 Total Accounts Receivable 141,223.42 127,713.53 Other Current Assets 17100 •Gasoline Inventory Motor Oil Inventory-PA 0.00 1,304.25 Port Angeles Gas 344.09 1,788.54 Total 17100•Gasoline Inventory 344.09 3,092.79 18100• Prepaid Insurance-OBL Vans 7,323.48 7,550.44 18200•Auto Insurance Deposit 5,448.00 5,448.00 18250• Port of PA Security Deposit Budget Rent A Car(Rite Bros.) 500.00 500.00 Total 18250 -Port of PA Security Deposit 500.00 500.00 18520• Prepaid PA Yellow Pages 2,840.80 4,369.02 18540• Prepaid OBL Yellow Pages 3,240.50 3,271.22 18650• Prepaid Magazine Subscriptions Car and Driver Magazine 9.18 0.00 Consumer Reports 44.88 0.00 Forbes Magazine 68.78 0.00 Popular Mechanics 8.12 0.00 Skiing Magazine 19.97 0.00 Sports Illustrated 35.75 0.00 Time Magazine 31.08 0.00 Total 18650• Prepaid Magazine Subscriptions 217.76 0.00 18675• Prepaid AVIS/BRAC RateGain Sery 236.01 0.00 18700 • Prepaid Federal Tax 0.00 760.00 24110 • Heckman,Jack Receivable 3,436.13 3,511.43 Total Other Current Assets 23,586.77 28,502.90 Total Current Assets 232,102.91 243,429.91 Fixed Assets 20300• Leasehold Improvements 105 Front St.,PA 4,770.67 4,770.67 Capos Lot Paving 18,837.17 18,837.17 PA DT Office Flooring 08-15 3,794.00 0.00 PA DT Bathroom Floor 05-08 349.66 349.66 Page 1 HECKMAN MOTORS, INC. 03/23/16 Balance Sheet As of December 31, 2015 Dec 31,15 Dec 31,14 20300• Leasehold Improvements-Other 20,211.23 20,211.23 Total 20300• Leasehold Improvements 47,962.73 44,168.73 20350 • PA DT Surveillance System 2,509.46 2,509.46 20360•Signs "111 E.Front St."Sign 2,082.26 2,082.26 "Heckman Motors, Inc."Sign 1,772.98 1,772.98 4 Capos Lot Signs(NO"BUDGET") 1,665.05 1,665.05 Avis/Budget Signs DT 4,381.96 4,381.96 Total 20360 •Signs 9,902.25 9,902.25 20400 • Furniture and Fixtures 1 PA DT Customer Service Chair 285.19 285.19 3 PA DT Customer Service Chairs 980.61 980.61 Customer Service Counter/DT 4,110.53 0.00 Jack's Desk 1,083.99 1,083.99 Jack's Office Chair 326.87 326.87 20400• Furniture and Fixtures-Other 4,788.65 4,788.65 Total 20400 -Furniture and Fixtures 11,575.84 7,465.31 20450• Parking Lot Assets 3 Halogen Floodlights 1,517.60 1,517.60 3 New PA DT Parking Lot Lights 2,525.72 2,525.72 5 Pay Boxes/Signs(_/09) 10,768.66 10,768.66 Laser Sight for Ruger SP-101 266.91 266.91 Security Ruger Pistol 372.25 372.25 Snow Removal Tractor 2,681.44 2,681.44 Solar Courtyard Light-Capos 1,316.91 0.00 Trimmer/Pruner for Lot Maint. 741.29 741.29 Total 20450• Parking Lot Assets 20,190.78 18,873.87 20500•Office Equipment Accessories for Digital Camera 336.46 336.46 Canon ColorLaserPrinter/Scanner 2,343.61 2,343.61 Digital SLR Camera for CarSales 586.05 586.05 Jack's Cell Phone(Replacement) 358.74 358.74 20500•Office Equipment-Other 10,422.67 10,422.67 Total 20500•Office Equipment 14,047.53 14,047.53 20600 •Garage Equipment/Fixtures Carpet Cleaner Extractor 987.36 987.36 Garage Lighting-2006 1,869.90 1,869.90 Garage Lighting-2008 2,157.16 2,157.16 Garage Lighting-2009 315.96 315.96 Generator 650.39 650.39 Lighted Paint Meter 323.99 323.99 Miter Saw 867.19 867.19 Ozone Machine 512.54 512.54 Parking Lot Vacuum 1,191.32 1,191.32 Pressure Washer 401.07 401.07 Vacuum Cleaner for Buses 463.77 463.77 Windshield Repair Tool 669.41 669.41 Total 20600•Garage Equipment/Fixtures 10,410.06 10,410.06 20700 •Computer Software Bluebird Wizard Accounting 2,713.82 2,713.82 New Filemaker Pro for OBL Comp. 2,820.20 2,820.20 OBL Computer Software Grant$Received/OBL Software -3,599.54 -3,599.54 OBL Computer Software-Other 6,657.93 6,657.93 Total OBL Computer Software 3,058.39 3,058.39 Page 2 HECKMAN MOTORS, INC. 03/23/16 Balance Sheet As of December 31, 2015 Dec 31, 15 Dec 31,14 QB Enterprise Solutions 2009 2,955.05 2,926.80 20700•Computer Software-Other 2,843.87 2,872.12 Total 20700•Computer Software 14,391.33 14,391.33 20800•Computer Hardware Battery Backup-ServerComputer 254.74 254.74 Computer-Acctg.Pam's Computer Setup Labor 281.84 281.84 Computer-Acctg.Pam's-Other 911.36 911.36 Total Computer-Acctg. Pam's 1,193.20 1,193.20 Computer-Acctg.2 1,455.23 0.00 Computer-Jack's 19"LCD Monitor-Jack's 270.99 270.99 Computer-Jack's(March 2012) 1,124.60 1,124.60 Memory Upgrade-Jack's Desk 265.58 265.58 Total Computer-Jack's 1,661.17 1,661.17 Computer-Jack's Apple Laptop 1,175.96 1,175.96 Computer-Jack's Mini Laptop 377.23 377.23 Computer-Mid Desk 0.00 703.57 Computer-Mid Desk 2 1,368.52 0.00 Computer-North Desk 1,017.88 1,017.88 Computer-Spare(fmly Acctg.) 1,292.16 1,292.16 Computer-East Desk(fmly Sales) 997.27 997.27 Computer-Server+2 Counter 6,642.21 6,642.21 Computer-S Counter-fmly EastDsk Windows 7&Rebuild So.Counter Computer Setup Labor 772.35 772.35 Windows 7&Rebuild So.Counter-Other 154.99 154.99 Total Windows 7&Rebuild So.Counter 927.34 927.34 Computer-S Counter-fmly EastDsk-Other 1,073.11 1,073.11 Total Computer-S Counter-fmly EastDsk 2,000.45 2,000.45 Computer-South Desk(fmly Acctg 0.00 1,637.16 Computer-South Desk 2 1,368.52 0.00 Monitor-Sales to South Desk 263.48 263.48 OBL Computer Hardware Grant$Received/OBL Hardware 0.00 -2,770.58 OBL Computer Hardware-Other 0.00 4,405.36 Total OBL Computer Hardware 0.00 1,634.78 20800-Computer Hardware-Other 4,178.21 4,178.21 Total 20800•Computer Hardware 25,246.23 25,029.47 20855•Accumulated Depreciation -143,528.88 -136,436.23 21000 •Fleet-OBL Busses Bike Racks-2 Existing Busses Grant$Received/Bike Racks -1,069.47 -1,069.47 Bike Racks-2 Existing Busses-Other 2,210.70 2,210.70 Total Bike Racks-2 Existing Busses 1,141.23 1,141.23 Wi-Fi Equip.for Buses 1,938.15 1,938.15 Total 21000• Fleet-OBL Busses 3,079.38 3,079.38 21090 •Accum. Depreciation-Buses -3,079.00 -3,079.00 21100 • Fleet-Rental Vehicles Veh#JC103 Winch#2 973.46 973.46 Page 3 HECKMAN MOTORS, INC. 03/23116 Balance Sheet As of December 31, 2015 Dec 31, 15 Dec 31, 14 21100• Fleet-Rental Vehicles-Other 837,191.64 644,529.64 Total 21100• Fleet-Rental Vehicles 838,165.10 645,503.10 21190•Accum.Depreciation-Rental -212,833.32 -137,558.71 21200•Vehicle Equipment Defibrillator-Bus#5 1,175.79 1,175.79 Defibrillator-Bus#6 1,175.79 1,175.79 Defibrillator-Bus#7 1,175.79 1,175.79 Total 21200 •Vehicle Equipment 3,527.37 3,527.37 21400• Fleet-Vehicle(Non Depreciable) 52-Golf Cart 282.27 282.27 Total 21400•Fleet-Vehicle(Non Depreciable) 282.27 282.27 Total Fixed Assets 641,849.13 522,116.19 Other Assets 27100• Franchise-Budget 7,000.00 7,000.00 27200•Accum Amort Franchise-Budget -7,000.00 -5,000.00 28200•Transportation Permit-OBL 20,000.00 20,000.00 28300•Accum Amortization-Permit -20,000.00 -20,000.00 28400 • Budget K-1 0.00 -20.00 Total Other Assets 0.00 1,980.00 TOTAL ASSETS 873,952.04 767,526.10 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 30100•Accounts Payables 45,851.04 34,501.76 Total Accounts Payable 45,851.04 34,501.76 Credit Cards 30105•Credit Card Payables American Express -68.48 7,576.03 Bank of America-Drivers 3,324.77 3,630.82 Bank of America-Jack 41,128.11 19,947.43 Bank of America-Jim 221.83 420.20 Total 30105•Credit Card Payables 44,606.23 31,574.48 Total Credit Cards 44,606.23 31,574.48 Other Current Liabilities 30155-105 E. Front/Security Deposit 1,200.00 1,200.00 30300 •Sales Tax Payable 7,089.89 4,610.63 30350•Sales Tax Payable-BUDGET WIZARD 1,503.95 1,164.48 30399• Payroll Tax Liabilities 30400• Federal Withholding Payable 10,950.00 2,531.00 30410• FICA Tax Payable 5,995.40 2,619.52 30415• Medicare Tax Payable 1,402.18 612.60 30600• FUTA Tax Payable 52.53 28.02 30700•SUTA Tax Payable 481.21 815.05 30800• Labor&Industries Payable 5,132.08 4,381.15 Total 30399• Payroll Tax Liabilities 24,013.40 10,987.34 Total Other Current Liabilities 33,807.24 17,962.45 Total Current Liabilities 124,264.51 84,038.69 Total Liabilities 124,264.51 84,038.69 Equity 39000• Retained Earnings 664,187.41 678,599.33 Page 4 HECKMAN MOTORS, INC. 03/23/16 Balance Sheet As of December 31, 2015 Dec 31, 15 Dec 31, 14 50100•Common Stock-Heckman Motors 33,300.00 33,300.00 50300•Treasury Stock -14,000.00 -14,000.00 50400• Dividends Dividends-Jack Heckman -28,152.00 -25,392.00 Dividends-Jim Heckman -27,048.00 -29,808.00 Total 50400• Dividends -55,200.00 -55,200.00 Net Income 121,400.12 40,788.08 Total Equity 749,687.53 683,487.41 TOTAL LIABILITIES&EQUITY 873,952.04 767,526.10 i I Page 5 2:51 PM Heckman Enterprises, Inc. '��� _. 03/23/16 Balance Sheet Accrual Basis As of December 31, 2015 Dec 31, 15 Dec 31, 14 ASSETS Current Assets Checking/Savings 10600 • HE/First Federal Checking 16,099.29 3,550.37 Total Checking/Savings 16,099.29 3,550.37 Accounts Receivable 11200•Credit Card Receivables 128.78 278.33 Total Accounts Receivable 128.78 278.33 Total Current Assets 16,228.07 3,828.70 Fixed Assets 27300 •Franchise-AVIS 10,000.00 10,000.00 27400 -Accum Amort Franchise-AVIS -1,166.50 499.50 Total Fixed Assets 8,833.50 9,500.50 TOTAL ASSETS 25,061.57 13,329.20 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 30100 •Accounts Payable 21,510.11 15,065.48 Total Accounts Payable 21,510.11 15,065.48 Other Current Liabilities 25500 •Sales Tax Payable 136.05 0.00 30360 •Sales Tax Payable-AVIS Wizard 1,883.06 1,621.53 Total Other Current Liabilities 2,019.11 1,621.53 Total Current Liabilities 23,529.22 16,687.01 Total Liabilities 23,529.22 16,687.01 Equity 39000- Retained Earnings -3,357.81 -2,198.47 Net Income 4,890.16 -1,159.34 Total Equity 1,532.35 -3,357.81 TOTAL LIABILITIES&EQUITY 25,061.57 13,329.20 Page 1 2:50 PM Heckman Enterprises, Inc. - : 03/23/16 Profit & Loss-AVIS Downtown' Accrual Basis October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL Income 61100 Mileage-Car 170.52 0.00 279.72 450.24 62115-GPS Rental 13.95 0.00 13.95 27.90 61200•Time/Daily Rental-Car 7,151.95 2,908.99 2,186.50 12,247.44 61300•Loss Damage Waiver(LDW) 86.97 260.91 57.98 405.86 61400• Discount -176.40 -111.48 -16.77 -304.65 61450 •Adjustments -261.78 0.00 -5.26 -267.04 61550 Cash Over/Short 0.00 -0.01 -0.01 -0.02 61701 Intercity Car Rental(Revenue) 8,581.75 4,687.39 3,189.55 16,458.69 61702-Intercity Car Rental(Expense) -1,029.30 -324.35 -432.51 -1,786.16 62103•P.A.E.(Revenue) 47.60 0.00 0.00 47.60 62104•P.A.E.(Expense) -12.38 0.00 0.00 -12.38 62701 •S.L.I.(Revenue) 125.55 0.00 69.75 195.30 62702•S.L.I.(Expense) -65.28 0.00 -36.27 -101.55 Total Income 14,633.15 7,421.45 5,306.63 27,361.23 Expense Advertising and Promotion 73100 •Yellow Pages Expense 82.43 82.43 83.30 248.16 73900• Misc.Advertising and Promotion 2.12 0.00 0.00 2.12 Total Advertising and Promotion 84.55 82.43 83.30 250.28 Direct Vehicle Expense 70350•Subrogation -103.38 0.00 0.00 -103.38 70705-VLF Passthrough Charge -16.28 -24.64 -15.40 -56.32 70110- Interest Expense-Vehicles 141.54 36.61 0.00 178.15 70200-Insurance Exp.-Vehicles 519.13 346.84 289.46 1,155.43 70210 -Parts Expense 659.62 -60.07 129.52 729.07 70220 •Tires Expense 0.00 137.62 186.02 323.64 70300-Outside Maintenance&Repairs 578.32 467.58 826.89 1,872.79 70310-Vehicle Damage Repair 106.25 112.50 243.75 462.50 70370-Windshield Replacement/Repair 36.67 324.58 0.00 361.25 70500-Monthly Car Fees 519.64 229.38 188.35 937.37 70700 -Licenses-Vehicles 21.03 20.09 0.00 41.12 70750 •Other Direct Vehicle Expenses HM Rental Fleet Usage Fee 0.00 0.00 15,219.36 15,219.36 70750•Other Direct Vehicle Expenses-Other 0.00 0.00 0.00 0.00 Total 70750-Other Direct Vehicle Expenses 0.00 0.00 15,219.36 15,219.36 Total Direct Vehicle Expense 2,462.54 1,590.49 17,067.95 21,120.98 General&Admin Expense 77000•Amortization-Franchise 55.30 46.45 55.58 157.33 77110 •Bank Charges 0.00 12.16 0.34 12.50 77120 • Equip/Furn Exp-Less than$1,000 80.19 49.65 78.46 208.30 77200•Office Supplies 84.55 29.80 21.36 135.71 77210• Postage and Delivery 0.00 1.13 9.68 10.81 77230 •Telephone Expense 110.55 65.74 40.90 217.19 77240 •Cable Television Expense 24.07 14.76 9.26 48.09 77260• Depreciation Expense 17.70 -51.08 0.00 -33.38 77300• Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310• Professional Fees-Legal 0.00 0.00 0.00 0.00 77405•Travel&Meetings 0.00 0.00 0.00 0.00 77410 •Dues and Subscriptions 39.83 21.93 21.14 82.90 77420 General Insurance Expense 0.00 0.00 0.00 0.00 77425 Customer Goodwill 0.00 0.00 0.00 0.00 77430•Other General Expenses AVIS Wizard Monthly Fees 0.00 0.00 0.00 0.00 Bluebird Wizard Accounting 50.00 50.00 50.00 150.00 Record360 Monthly Subscription 0.00 23.75 23.75 47.50 Total 77430 -Other General Expenses 50.00 73.75 73.75 197.50 77510 • Uniform Expense 257.55 0.00 0.00 257.55 77820 •Computer Equipment Maintenance 10.79 18.99 4.14 33.92 Pagel 2:50 PM Heckman Enterprises, Inc. 03/23/16 Profit & Loss-AVIS Downtown Accrual Basis October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL 77830 •Copy Machine Maintenance 29.70 0.00 0.00 29.70 77900•Taxes&Licenses-Business 77901 • Business Licenses and Permits 0.00 0.00 0.00 0.00 77902• Business Taxes 0.00 0.00 89.14 89.14 Total 77900•Taxes&Licenses-Business 0.00 0.00 89.14 89.14 Total General&Admin Expense 760.23 283.28 403.75 1,447.26 Occupancy Expense 75110• Rent 839.67 504.08 344.33 1,688.08 75200• Utilities 92.46 73.91 41.66 208.03 75400•Maintenance&Repair-Facilities 0.00 297.77 288.85 586.62 Total Occupancy Expense 932.13 875.76 674.84 2,482.73 Operating Expense 72100•Garage&Washing Supplies 12.73 42.39 9.63 64.75 72600 -Vehicle Transfer Expense 0.00 119.62 0.00 119.62 72800 -Gasoline Expense 127.88 88.80 36.98 253.66 72850 •Gasoline Refueling Charge -204.15 -114.32 -73.21 -391.68 Total Operating Expense -63.54 136.49 -26.60 46.35 Personnel Expense 76200•Corporate Officers Wages 902.84 551.41 346.12 1,800.37 76300 •Accounting Wages 854.68 602.19 375.27 1,832.14 76620 •Counter Agent Wages 1,981.87 801.60 476.89 3,260.36 76730•Service Wages 701.54 407.14 287.85 1,396.53 76810• Incentive Pay 56.58 33.59 1,656.45 1,746.62 76875•Vehicle Transfer Driver Wages 231.86 290.65 0.00 522.51 76900•Payroll Tax Expense 502.47 281.64 277.93 1,062.04 76910 •Other Personnel Expenses 1.09 0.00 130.99 132.08 76920- Medical Insurance 848.42 406.48 264.96 1,519.86 Total Personnel Expense 6,081.35 3,374.70 3,816.46 13,272.51 Selling Expenses 74100•Travel Agency Commissions 262.33 127.86 130.82 521.01 74300•Credit Card Commissions 295.31 122.49 109.21 527.01 74500 • Reservation Expense 184.96 58.94 -25.26 218.64 74600 -Other Selling Expense AVIS/BRAC Rategain 19.67 19.67 19.67 59.01 AVIS"AID"Charges 56.68 46.97 10.01 113.66 AVIS Equifax Credit Reporting 0.00 0.00 0.00 0.00 AVIS Loyalty Earnings Fees 4.50 0.00 14.22 18.72 Total 74600•Other Selling Expense 80.85 66.64 43.90 191.39 Total Selling Expenses 823.45 375.93 258.67 1,458.05 80000• Federal Income Tax Expense Income Tax Penalty 0.00 0.00 9.51 9.51 80000 -Federal Income Tax Expense-Other 0.00 0.00 615.43 615.43 Total 80000 -Federal Income Tax Expense 0.00 0.00 624.94 624.94 Total Expense 11,080.71 6,719.08 22,903.31 40,703.10 Net Income 3,552.44 702.37 17,596.68 13,341.87 Page 2 : I 2.63 , . ..r HECKMAN MOTORS, INC 03/23/16 Profit & Loss-PA DT Rentals/Bus/Citrking/ ales 1 � October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL Ordinary Income/Expense Income 61100• Mileage-Car 800 0 29 829 61150 • Mileage-Truck 101 23 654 778 61200 •Time/Daily Rental-Car 12,623 12,330 9,588 34,542 61250 Truck Daily Rental 464 32 492 988 61300 Loss Damage Waiver(LDW) 1,160 580 986 2,725 61400• Discounts -350 -240 -28 -618 61450•Adjustments -26 0 0 -26 61550 •Cash Over/Short 0 -0 2 2 61701 Intercity Car Rental<Revenue> 5,567 2,887 3,649 12,103 61702 Intercity Car Rental<Expense> -1,512 -1,916 -410 -3,839 62100• P.A.C.<Revenue> 0 0 9 9 62102 • P.A.C.<Expense> 0 0 -2 -2 62103 • P.A.E.<Revenue> 18 0 83 101 62104• P.A.E.<Expense> -5 0 -22 -26 62107• Extra Driver Fee 0 65 130 195 62109• Underage Driver Fee 81 54 0 135 62115• GPS Rental 28 98 0 126 62200•Other Income 62202•Wholesale Car Sales-Gross 0 53,775 0 53,775 62204•Other Rental Income 0 0 250 250 62207 • Misc.Retail Income-FaxCopyMail 0 142 0 142 62220• Interest 454 0 0 454 Total 62200 •Other Income 454 53,917 250 54,621 62250 •Bus Lines Revenue BusLines Express Freight 275 150 475 900 Greyhound Sales Commission 254 294 227 775 OBL Bus Revenue 55,330 49,782 57,013 162,126 Total 62250• Bus Lines Revenue 55,859 50,226 57,716 163,801 62275• DOT Contract/Grant Income Old Program Calculation 24,055 34,823 22,834 81,711 Over/Under Old Program 20,822 9,247 21,843 51,913 62275• DOT Contract/Grant Income-Other 0 0 0 0 Total 62275 • DOT Contract/Grant Income 44,877 44,070 44,677 133,624 62701 •S.L.I.<Revenue> 296 70 212 578 62702 •S.L.I.<Expense> -154 -36 -110 -301 63525•Celestial Espresso Lease Revenu 100 100 100 300 63550• 105 Front St.PA Lease Revenue 600 600 600 1,800 64000• Daily Parking Revenue 2,916 1,401 3,148 7,465 64200 • Long Term Storage Revenue 540 540 615 1,695 Total Income 124,437 164,799 122,367 411,603 Cost of Goods Sold 5000•Cost of Goods Sold 0 0 1 1 70050 •Cost of Sales-Whlse Cars Gross 0 50,511 0 50,511 Total COGS 0 50,511 1 50,511 5 Gross Profit 124,437 114,288 122,367 361,092 Expense Advertising&Promotion Expense 73000 •Television Expense 2,453 3,580 2,027 8,059 73100•Yellow Pages Expense 938 938 776 2,652 73200• Newspaper Expense 2,220 2,993 1,696 6,909 73300 • Radio Expense 1,397 1,222 1,262 3,882 73400 • Billboard Expense 1,200 1,200 1,200 3,600 73600•Website 35 35 35 105 73900 •Advertising and Promotion 89 75 75 239 Advertising&Promotion Expense-Other -85 -82 -83 -250 Pagel HECKMAN MOTORS, INC. 03/23/16 Profit & Loss-PA DT Rentals/Bus/City Parking/Sales October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL Total Advertising&Promotion Expense 8,246 9,960 6,988 25,194 Direct Vehicle Expense 70100• Depreciation Expense-Vehicle 14,009 13,170 12,957 40,136 70110• Interest Expense-Vehicles 322 107 0 429 70200• Insurance Exp.-Vehicles 3,029 2,865 2,911 8,806 70210•Parts Expense 1,524 111 806 2,442 70220 •Tires Expense 0 403 682 1,085 70300 Outside Maintenace&Repairs 2,127 9,720 5,071 16,918 70310 Vehicle Damage Repair 713 866 488 2,066 70350•Subrogation -103 0 79 -25 70370•Windshield Replacement/Repair 83 951 0 1,034 70500• Monthly Car Fees 1,116 971 908 2,994 70700• Licenses-Vehicles 48 59 0 107 70705•VLF Passthrough Charge -106 -104 -99 -308 70750 •Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -1,959 -1,386 1,676 -5,021 Total Direct Vehicle Expense 20,803 27,733 22,127 70,663 General&Admn.Expense 77100 Bad Debt Expense 0 69 -3 66 77110 Bank Charges 6 132 36 175 77120 Equip/Furn Exp-Less than$1000 613 521 1,085 2,219 77200•Office Supplies 333 309 603 1,246 77210• Postage and Freight 0 12 150 162 77230 •Telephone Expense 1,088 1,055 1,028 3,172 77240 •Cable Television 153 153 144 450 77260• Depreciation Expense 187 278 6,378 6,842 77310• Professional Fees-Legal 0 0 0 0 77400 •Meals&Entertainment 0 47 0 47 77410 •Dues and Subscriptions 372 24 688 1,084 77420 General Insurance Expense 0 0 225 225 77425 Customer Goodwill 0 0 128 128 77430•Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 232 209 205 646 OBL Hotel(ALL HOTELS) -238 -103 -67 -408 Record360 Monthly Subscription 0 48 48 95 Snacks/Water/Blankets for Buses Snacks/Water for Buses 888 650 776 2,314 Blankets and Laundry Expense 746 113 118 978 Total Snacks/Water/Blankets for Buses 1,635 763 894 3,292 Vehicle Owner Info from DOL 4 9 0 12 Total 77430•Other General Expenses 1,732 1,025 1,179 3,936 77510 • Uniform Expense 475 0 0 475 77820 •Computer Equipment-Maintenance 69 197 64 330 77830•Copy Machine Maintenance 189 0 0 189 77900•Taxes&Licenses-Business 77901 • Business Licenses 0 0 0 0 77902• Business Taxes 2,077 1,913 2,086 6,076 Total 77900•Taxes&Licenses-Business 2,077 1,913 2,086 6,076 General&Admn.Expense-Other -674 -215 -238 -1,127 Total General&Admn. Expense 6,621 5,521 13,554 25,695 Occupancy Expense 75100•Airport Concession Fee 0 0 0 0 75110• Rent 5,387 5,284 5,395 16,066 75200• Utilities 628 818 715 2,160 75400 • Maintenance&Repair-Facilities 5 2,595 2,652 5,251 75600 •Sign Expense 0 -1 2 1 Page 2 HECKMAN MOTORS, INC. 03/23/16 Profit & Loss-PA DT Rentals/Bus/City Parking/Sales October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL 75800-Other Occupancy Expense 12 0 0 12 Occupancy Expense-Other -932 -876 -675 -2,483 Total Occupancy Expense 5,099 7,820 8,089 21,008 Operating Expense 72100 •Garage&Washing Supplies 78 239 149 466 72110•Oil/Transmission Fluid Expense 96 681 0 777 72510• Drop-off Collection -300 0 0 -300 72600 -Vehicle Transfer 0 350 0 350 72700•Other Operating Expense Bridge Tolls Bridge Toll Recovery Charges -7 0 0 -7 Bridge Tolls-Other 6 36 0 42 Total Bridge Tolls -1 36 0 35 Taxicab/Courier Expense 93 0 0 93 Total 72700-Other Operating Expense 92 36 0 128 72750 • Port Fees 144 139 144 427 72800•Gasoline Expense 4,724 4,966 5,017 14,707 72850 •Gasoline Refueling Charge -129 -160 -783 -1,072 77415-Ferry Fees 9,116 8,659 9,275 27,050 Operating Expense-Other -40 -173 -41 -254 Total Operating Expense 13,780 14,738 13,761 42,279 Personnel Expense 76200•Corporate Officers Wages 5,744 5,724 5,374 16,842 76300•Accounting Wages 5,438 6,251 5,826 17,516 76620 • Counter Agents Wages 12,523 8,025 7,525 28,073 76650• Parking Attendents Wages 146 93 97 335 76730•Service Wages 4,293 4,115 4,308 12,716 76810 • Incentive Pay 546 427 30,107 31,080 76850• Bus Line Driver 16,076 14,520 15,771 46,367 76875•Vehicle Transfer Driver 527 851 0 1,378 76900- Payroll Tax Expense Employment Security 164 133 174 471 FICA 3,002 2,700 4,931 10,634 FUTA 13 18 16 47 Labor&Industries 1,406 1,238 1,200 3,844 Medicare 702 631 1,153 2,487 76900• Payroll Tax Expense-Other -291 -335 -899 -1,525 Total 76900- Payroll Tax Expense 4,996 4,386 6,576 15,958 76910•Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 147 222 222 591 76910•Other Personnel Expenses-Other 952 0 2,034 2,985 Total 76910•Other Personnel Expenses 1,099 222 2,256 3,576 76920• Medical Insurance ACA Reinsurance Fees(IRS) 0 39 0 39 76920• Medical Insurance-Other 7,755 6,553 2,214 16,522 Total 76920 • Medical Insurance 7,755 6,592 2,214 16,562 Personnel Expense-Other -6,081 -3,375 -3,816 -13,273 Total Personnel Expense 53,061 47,832 76,237 177,130 Selling Expense 74100•Travel Agency Commissions 28 23 21 72 74300 •Credit Card Commissions 1,314 1,025 1,091 3,430 74426• BusLines Greyhound Discounts 174 169 200 543 74500 • Reservation Expense 1,441 1,129 1,377 3,947 74600•Other Selling Expenses Page 3 HECKMAN MOTORS, INC. 03/23/16 Profit & Loss-PA DT Rentals/Bus/City Parking/Sales October through December 2015 Oct 15 Nov 15 Dec 15 TOTAL AVIS/BRAC Rategain 39 39 39 118 NBTA 9 3 154 166 74600•Other Selling Expenses-Other 0 29 0 29 Total 74600•Other Selling Expenses 48 71 194 313 Selling Expense-Other -20 -20 -20 -59 Total Selling Expense 2,986 2,398 2,862 8,246 Total Expense 110,596 116,001 143,618 370,215 Net Ordinary Income 13,841 -1,713 -21,251 -9,124 Other Income/Expense Other Expense Income Tax Expense 80000 •Federal Income Tax Expense 0 0 16,099 16,099 Total Income Tax Expense 0 0 16,099 16,099 Total Other Expense 0 0 16,099 16,099 Net Other Income 0 0 -16,099 -16,099 Net Income 13,841 -1,713 -37,350 -25,223 Page 4