| Line Item | Amount | GL Codes | Add-Back Type | Documentation / Rationale |
|---|---|---|---|---|
| Interest on Long-Term Debt | $115,626 | EBITDA | Standard EBITDA add-back | |
| Income Tax Expense | $83,761 | EBITDA | Standard EBITDA add-back | |
| Depreciation & Amortization | $51,964 | EBITDA | Standard EBITDA add-back | |
| Owner Salaries & Benefits | $401,335 | 4299 4299abc | Personal | — |
| Personal Travel & Entertainment | $20,000 | 4015 4015a 1320 | Personal | personal use, napa trip, airmiles , plus plus |
| Vehicles — Gas/Maint/Ins/Dep | $44,000 | 4260 4261 | Personal | 6 Vehicles for personal family use x gas, insurance depreciation and maintenance, damage |
| Personal Meals & Entertainment | $27,000 | 4001 AB 4004 | Personal | Usually 1000 plus per month ea on personal meals, misc expences |
| Telephone / Cell Plans | $9,000 | 4230 | Personal | 8 family members on one business plan |
| Inventory Personal — Boats/ATVs/Trailers | $5,000 | — | Personal | 2 ATVs boats tt and 3 ut trailers maintenance performance upgrades, losses |
| Cash Sales/Canopies/Takeoffs/Misc | $35,000 | none | Personal | cash rec or Discounts for friends reflected in sales, all the rest cash sales |
| Staff Bonuses/X-Mas/Golf/Trip | $33,000 | — | Discretionary | Extras that we do for our staff |
| Donations & Golf Promos | $4,400 | 4060 | Discretionary | golf, Korey donated to men's night and misc donations |
| One-Time Expenses | $7,349 | 1320 | One-Time | Lawyer fees for action taken against us, later dropped |
| Family & Friends Service/Sales | $10,000 | 4500 4500a | Discretionary | inlaws, friends, we have a family and friends discount that doesn't show up anywhere. |
| Extra Rent & Life Insurance | $10,000 | — | Personal | Korey 7200 yr for rent at his "home" Life ins 500mth policy |
| Extra Staff Bonuses | $30,000 | wages | One-Time | We used to give back to our staff on really good months, added to there wages as bonuses. 2 15000 that year |
| R.F. Retirement Buyout | $10,000 | wages | One-Time | Robert Fullerton 10000 discount off his vehicle purchase as retirement gift. showed as a loss |
| Total Verified Add-Backs | $646,084 |
| Line Item | Amount | GL Codes | Add-Back Type | Documentation / Rationale |
|---|---|---|---|---|
| Interest on Long-Term Debt | $195,498 | EBITDA | Standard EBITDA add-back | |
| Income Tax Expense | $54,843 | EBITDA | Standard EBITDA add-back | |
| Depreciation & Amortization | $58,286 | EBITDA | Standard EBITDA add-back | |
| Owner Salaries & Benefits | $425,314 | 4299 4299abc | Personal | — |
| Personal Travel & Entertainment | $22,000 | 4015 4015a 1320 | Personal | — |
| Vehicles — Gas/Maint/Ins/Dep | $48,000 | 4260 4261 | Personal | inc 11500 loss Greg vehicle |
| Personal Meals & Entertainment | $28,000 | 4001 AB 4004 | Personal | — |
| Telephone / Cell Plans | $9,500 | 4230 | Personal | — |
| Inventory Personal — Boats/ATVs/Trailers | $6,000 | — | Personal | — |
| Cash Sales/Canopies/Takeoffs/Misc | $38,000 | none | Personal | — |
| Staff Bonuses/X-Mas/Golf/Trip | $35,000 | — | Discretionary | — |
| Donations & Golf Promos | $5,000 | 4060 | Discretionary | — |
| One-Time Expenses | $31,713 | 3500 4030 | One-Time | Voth settlement/Staring class action add another $5871 to total 37584. |
| Family & Friends Service/Sales | $12,000 | 4500 4500a | Discretionary | — |
| Extra Rent & Life Insurance | $12,012 | — | Personal | — |
| Extra Staff Bonuses | — | wages | — | — |
| R.F. Retirement Buyout | — | wages | — | — |
| Total Verified Add-Backs | $672,539 |
| Line Item | Amount | GL Codes | Add-Back Type | Documentation / Rationale |
|---|---|---|---|---|
| Interest on Long-Term Debt | $165,262 | EBITDA | Standard EBITDA add-back | |
| Income Tax Expense | $17,352 | EBITDA | Standard EBITDA add-back | |
| Depreciation & Amortization | $73,214 | EBITDA | Standard EBITDA add-back | |
| Owner Salaries & Benefits | $386,498 | 4299 4299abc | Personal | — |
| Personal Travel & Entertainment | $23,575 | 4015 4015a 1320 | Personal | — |
| Vehicles — Gas/Maint/Ins/Dep | $118,473 | 4260 4261 | One-Time | includes 3 big losses on personal vehicles. Normally we just push personal losses through with sales, these were accounted for in 1320 |
| Personal Meals & Entertainment | $24,000 | 4001 AB 4004 | Personal | — |
| Telephone / Cell Plans | $9,000 | 4230 | Personal | — |
| Inventory Personal — Boats/ATVs/Trailers | $5,000 | — | Personal | — |
| Cash Sales/Canopies/Takeoffs/Misc | $30,000 | none | Personal | — |
| Staff Bonuses/X-Mas/Golf/Trip | $34,000 | — | Discretionary | — |
| Donations & Golf Promos | $8,063 | 4060 | Discretionary | — |
| One-Time Expenses | $70,142 | 1320 | One-Time | inc Brett Johnson Buy Out ,Starring class action |
| Family & Friends Service/Sales | $10,000 | 4500 4500a | Discretionary | — |
| Extra Rent & Life Insurance | $10,700 | — | Personal | — |
| Extra Staff Bonuses | — | wages | — | — |
| R.F. Retirement Buyout | — | wages | — | — |
| Total Verified Add-Backs | $729,451 |
| Line Item | Amount | GL Codes | Add-Back Type | Documentation / Rationale |
|---|---|---|---|---|
| Interest on Long-Term Debt | $152,842 | EBITDA | Standard EBITDA add-back | |
| Income Tax Expense | $35,000 | EBITDA | Standard EBITDA add-back | |
| Depreciation & Amortization | $85,151 | EBITDA | Standard EBITDA add-back | |
| Owner Salaries & Benefits | $394,393 | 4299 4299abc | Personal | — |
| Personal Travel & Entertainment | $25,000 | 4015 4015a 1320 | Personal | — |
| Vehicles — Gas/Maint/Ins/Dep | $85,000 | 4260 4261 | Personal | should 34000 same as previous |
| Personal Meals & Entertainment | $25,000 | 4001 AB 4004 | Personal | — |
| Telephone / Cell Plans | $9,500 | 4230 | Personal | — |
| Inventory Personal — Boats/ATVs/Trailers | $5,000 | — | Personal | — |
| Cash Sales/Canopies/Takeoffs/Misc | $32,000 | none | Personal | — |
| Staff Bonuses/X-Mas/Golf/Trip | $36,000 | — | Discretionary | — |
| Donations & Golf Promos | $6,000 | 4060 | Discretionary | — |
| One-Time Expenses | — | 1320 | One-Time | We Had an exceptional amount of write offs for 2025 50k in 1 month US 71K our 1320 slush fund vehicle write offs retail. so maybe we discuss using 50k as one time? Or leave in our back pocket to cover any blow back on some of the other accounts |
| Family & Friends Service/Sales | $10,000 | 4500 4500a | Discretionary | — |
| Extra Rent & Life Insurance | $11,837 | — | Personal | — |
| Extra Staff Bonuses | — | wages | — | — |
| R.F. Retirement Buyout | — | wages | — | — |
| Total Verified Add-Backs | $639,730 |