East Shore Distributors, Inc.

CIK:0001529516|SEC Filings
v3.7.0.1
Consolidated Statements of Income and Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2015
Aug. 31, 2015
Nov. 30, 2015
Income Statement [Abstract]      
REVENUES  (all media, fees & licenses) $ 622,129 $ 6,863 $ 615,266
Net, Collected Revenues    
ADJUSTED REVENUES FOR PERIOD 622,129 6,863 615,266
COST OF SALES      
Commissions
Sales and Marketing
Freight
Other Expenses
TOTAL COST OF SALES
GENERAL AND ADMINISTRATIVE EXP. 39,457 163,770 (124,313)
GROSS PROFIT 582,672 (156,907) 739,579
OTHER INCOME (EXPENSE) (20,320) (30,800) 10,480
INCOME BEFORE TAXES 562,352 (187,707) 750,059
PROVISION FOR INCOME TAXES (40,510) [1] [1] (40,510)
NET INCOME 521,842 (187,707) 709,549
RETAINED EARNINGS (Beginning of Period) (1,108,973)    
RETAINED EARNINGS (End of Period) $ (587,131) $ (1,108,973) $ (587,131)
[1] Company was carrying a net operating loss of $446,879 as of Aug. 31, 2015, which offsets most of the tax liabilties in the current reporting period. A reserve for taxes of 35% has been applied to those revenues in excess of the prior N.O.L.