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CONFIDENTIAL SEASONAL MARKETING 2017 FINANCIAL PACKET INCLUDED Financial Summary Q1 Update CEO Insight 50M Brand Summary Financials Projections 2017 P L and Balance Sheet YTD thru March Financial Statement 2015 2016 Taxes 2015 2016 The enclosed information was collected by Paine Pacific from the client Paine Pacific makes no representation of the accuracy or completeness of the information Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2035 nels painepacific com
- CONFIDENTIAL -  SEASONAL MARKETING 2017 FINANCIAL PACKET INCLUDED  Financial Summary Q1 Update CEO Insight  50M  Brand S...
Financial Summary Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
Financial Summary  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3...
Seasonal Marketing Financial Summary Actual and Projected Financials 2012 2013 2014 2015 2016 2017 est 2018 est Revenue 3 450 889 3 839 496 4 351 923 4 341 840 4 266 556 4 881 468 5 613 688 Net Income 79 176 104 311 112 245 136 453 154 484 346 402 431 617 Net Income Increase 24 10 EBIDTA 7 07 17 74 11 67 124 23 24 6 246 234 248 266 323 222 351 234 412 526 471 877 673 643 EBITDA Increase EBITDA 7 14 0 82 23 19 7 98 14 86 14 39 18 3 6 47 7 43 8 09 9 67 9 67 12 00 Caddis P L 2012 2018 6 000 000 14 0 12 00 12 0 5 000 000 9 67 10 0 9 67 4 000 000 7 43 7 14 8 0 8 09 3 000 000 6 47 6 0 2 000 000 4 0 1 000 000 2 0 0 0 0 2012 2013 2014 Revenue 2015 Net Income 2016 EBIDTA 2017 est EBITDA 2018 est
Seasonal Marketing Financial Summary Actual and Projected Financials  2012  2013  2014  2015  2016  2017 est.  2018 est.  ...
2017 Q1 Update Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
2017 Q1 Update  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3 5 ...
March 2017 Caddis Update Q1 2017 22 increase in 4th QTR 2016 44 increase in December 2016 Trend expected to continue into 2017 based on consumer and buyer confidence The current cold weather is very good for the hunting and fishing industry To this effect retailers are much more aggressive in their buying patterns Trump s election has been very strong for the hunting industry with fishing getting the benefits as well The main effect has been a positive attitude between the election of Trump and the security long term of the second amendment It is all working together as well as them retailers having very low wader inventories Mike Myers CEO of Seasonal Marketing Cabelas Caddis set up a relationship with Cabelas last Spring after many years of their inquiry We agreed to have them list all Caddis items in their electronic catalog provided they carried a core selection in some selected stores The first store launch was in Alaska and it was extremely successful As a result they have added at least 3 more stores for the upcoming Spring The electronic catalog went online in November and in the first week had 11K in shipments Additional orders for At Once and Spring deliveries are exceptionally strong New Products for 2017 The Longshoreman slowdown in 2015 caused Caddis to have to carry over significant product in 2016 due to late arrivals of shipments As a result Caddis was able to introduce new items from R D as they had adequate inventory of existing products These new products were introduced at the Las Vegas Shot Show in January New products are the life blood of their retail trade and are providing significant brand momentum which showed with new orders New Hunting Line The Shot Show in January was the start of 2017 for the Hunting category Caddis updated the line to enhance our offering to the trade based on market demands and sell through from previous products Three new product offerings and four new product introductions were introduced in January at the Shot Show with exceptional response We believe that it will be the most successful offering they have ever had in the category Confidential
March 2017   Caddis Update Q1 2017       22  increase in 4th QTR 2016       44  increase in December 2016       Trend expe...
March 2017 New Fishing Wader Caddis is introducing a revolutionary new fishing wader for the mid price range that will pioneer new features including built in convenience features tackle gear etc These new features can be used across the entire range of product offerings as well as launching the company into a new profitable category This product offering has been reviewed for IP protection and launched at Shot Show with extraordinary response Changes in the Market Visiting retailers this past fall across WA ID and MT it was clear that many of them had low to no inventory of key fishing tackle items and some void of all of the best selling wader sizes What became apparent from speaking with managers is the retailers were stocking up on gun inventories to be ready for the anticipated highest volume of gun sales they have ever experienced as a result of the Presidential election As a result of the election this backfired for inventories and has resulted in significant uptick of buying to replenish inventories Update 2016 retail across industries was slowed by the uncertain economy and the pending Presidential election Caddis sells to a host of gun retailers who held open to buy orders and cash and or credit to meet the expected gun and ammunition demand if Clinton had won With Trump s victory retailers are now reallocating those resources back to restocking inventories including Caddis waders and related items that had very low stock Confidential
March 2017   New Fishing Wader Caddis is introducing a revolutionary new fishing wader for the mid-price range that will p...
CEO Insight Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
CEO Insight  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3 5  T ...
Seasonal Marketing Inc Office and Distribution Center PO Box 1410 51625 Bluewood Ave La Pine OR 97739 Phone 541 536 2726 Fax 541 536 7571 e mail bmyers0057 aol com Web site www caddiswaders com Highlights of SMI Acquisition Potential Short term Upside Potential The potential growth of SMI by and acquiring company is 3 to 4 times our present volume and 5 to 7 times our present profit structure in a matter of just 3 to 4 years I have had my close associations and they would retain all of those and add their new associations and strengths to the distribution system In addition some folks have a far better understanding of the rain wear business which has significantly larger potential than waders and can be an immediate player with the strength of the Caddis Systems brand When we acquired the Caddis brand we also secured the rights to the rainwear portion which we presently compete in with 4 models of products Our present growth was always done in a way that could be supported by our internal resources With that restriction lifted a much more rapid growth plan can be maintained Company Strengths 1 Our customer base is a balance of Independents Buying Group Chain Specialty Chain and Internet trade competing in the Outdoor Products categories They are the best pay customers within this group supported by minimum bad debt write offs of 4800 in 2015 2700 in 2014 and 1100 in 2013 We have been very careful to add only customers that had a positive affect on our distribution system to date We have had opportunities to add Walmart and its subsidiary in the past on multiple occasions It would provide immediate growth impact for an acquiring company at the next opportunity 2 Our business model is unique to the Industry Category We are the only company offering a National International product
Seasonal Marketing Inc. Office and Distribution Center PO Box 1410, 51625 Bluewood Ave, La Pine, OR 97739 Phone 541-536-27...
selection that meets the needs of 100 of our targeted customers allowing us to have a significant number of sole supplier relationships We have not attacked the International market as of this date due primarily to our growth in the US We have a significant number of inquiries annually for foreign customers 3 Product Strengths that are inherent in our company assortment are the following a Our packaging for both Hunting and Fishing is the best in the industry in graphic design functionality and durability of boxes and accessory packs b We cover all of the Good Better Best price points with attractive products that have competitive features c We are competing in the Specialty wader market with unique product entries that include 5 ply Breathable 3ply Hybrid and Soft material products that are well represented in the Independent Group and Specialty Chain trade d We are the clear cut leader in the Wading Shoe category due primarily to our strength in waders and the EcoSmart II sole design e We will be the leader in the Fishing Boot Foot wader category in the future due again to the EcoSmart II sole design that is being integrated into all of our fishing boots and better quality hip waders f We are the leader in the Ensemble business Our waders are overwhelmingly accepted by the consumer and our customer base understands this As a result we have built ensembles with matching wading shoes fishing vests and fishing jackets to take advantage of the strength of our wader program We are the first choice for a matching purchase by the consumer g Our strength in distribution allows us to feature our better and best products which provide a higher margin return on our sales efforts h Our fastest growing category in terms of customer interest is on the Hunting side This has been stimulated in the last 2 years with unique entries using heavy duty breathable and Hybrid designed waders designed to give the consumer maximum comfort and reliability
selection that meets the needs of 100  of our targeted customers allowing us to have a significant number of sole supplier...
i Factory producers that we have are building a good quality product with terms far exceeding industry standards Fifty percent of our goods come in at Net 120 days with 25 at Net 60 and the balance are traditional China terms of Net on shipment Orders have been placed to take us through the Spring and Summer as well as our initial Hunting orders for Fall goods j Our return rate has been the lowest in the Industry for a number of years We also have agreements with each of our suppliers that cover all defective product that comes back 4 Systems in place that can go forward without major changes a Our Customer Service is considered the best in the Wader category and one of the Very Best in any Industry An acquiring company does not have a turn around issue with the consumer or trade Instead it is a very positive tool when talking to consumers or meeting customers for the first time b Our Web Site went active in November 2015 and has grown in sales every month at suggested retail pricing Gross margin on these sales is approximately 80 c All other normal systems that are used by good companies are in use and can be an ongoing activity with a very small learning curve Competitive Situation I was with Hodgman when all of the stars aligned and they basically took over the entire US market Due to direct imports that cannot happen again in the same fashion but the stars are aligned to take over These are the competitive players in the US 1 Frogg Toggs is being run by a 70 year old that unfortunately has a major health issue that does not understand the wader business and does not care to He is milking the rainwear business to its fullest and will let the balance go All of the wader expertise that his company had has left His customer base also see s this 2 ProLine had their driving force retire and the China based owner died and has left his business to his 2 sons If history repeats itself the sons have the potential of running that business into the ground within a couple of years It is presently happening
i. Factory producers that we have are building a good quality product with terms far exceeding industry standards. Fifty p...
3 Allen was not at either of the last Sports Inc or Worldwide Distributors shows with wader products This is a very strong company but their emphasis is in the hunting accessory business and it appears that they are comfortable handling a few chains with basic inventory programs The problem with this approach is that their GM will be reduced each year until they make a decision to invest their efforts in higher return categories 4 Hodgman is bringing forth a new line for the third time since SMI was founded The problems they will face with this is the fact that they no longer have a customer base to launch from Their primary distribution is at Walmart today with an indent program of lower end goods Any new customer must evaluate what the consumer perception will be of the line and where the customer will fit on the priority list when push comes to shove and he needs inventory now 5 Simms is not presently a competitor as they sell primarily to Fly Shops and are just now trying to enter the Specialty Chain trade The problem s they face in the Specialty Chains are the competitive features on their lower end items They come from China and are designed with fewer features than their domestic line which puts them at a significant disadvantage to our program 6 There are a host of other companies that are attempting to sell waders direct from China or Taiwan They have already penetrated the retail trade as every other category has experienced in the past Those companies will get the low priced distribution goods that hurt our gross margin but a brand is required to sell the better quality higher gross margin items which are the strength of our line These companies will not go away but they will not become the standard either We just have to coexist with this type of company and help our customers make good decisions to assure their profitability
3. Allen was not at either of the last Sports Inc. or Worldwide Distributors shows with wader products. This is a very str...
Essentially what I am saying is this we are the only wader company positioned well for the future and anyone that wants to get into this business has but one choice in terms of a prudent acquisition Any other option is far more expensive as they will need to correct a brand problem or even more expensive start from scratch Growth Plans for 2017 2018 These plans are based on our internal financing with a conservative growth path using known variables in terms of economic trade and consumer trending Any outside investments that enables us to enter the rain wear category will have significant positive impact 2015 was a very difficult year due primarily to the Longshoreman slow down which caused all Spring and Summer oriented companies to carry over significant inventories precluding major 2016 new product introductions which are the lives blood of the category That has been remedied for 2017 and we have both innovative introductions planned for the both Fishing and Hunting categories 2017 2018 unfunded growth 10 2017 2018 funded growth 20 YOY 2018 EBITDA up to 12
Essentially what I am saying is this  we are the only wader company positioned well for the future and anyone that wants t...
50M Brand Summary Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
 50M  Brand Summary  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0...
May 2016 Caddis 50M Brand Summary Growth opportunity with PE Strategic Partner Caddis is in a unique position to grow its brand into a 50M industry leader in the next 5 years The companies growth has been limited only by its ability to fund growth through cash flow With a private equity or strategic partner Caddis can grow substantially by building inventory to meet the demand of larger scale clients and expanding into new markets and products quickly Caddis and Waterfowl Wading Systems are well established brands with retailers and recognized by consumers throughout the US and Canada Caddis can take advantage of this brand awareness and industry presence and expand its production and inventory to meet the growing demand in the market The market has adjusted recently due to changes in the competitive market giving Caddis the opportunity to take market share where it has been left behind Below are a few key areas of growth for Caddis Competitive Landscape Changes 10 15M o ProLine competitor has had a change in ownership and apparent downturn that has reduced its presence at retail As a result Caddis will increase its presence and penetration in the market with its mid and lower priced products to fill the demand left behind These mid and lower range products have the highest profits margins for Caddis and could drive near term topline revenue 75 o A change of leadership and product focus as well as a lack of expertise at Frogg Toggs competitor east coast provides a significant opportunity in our upper middle and upper price point Caddis products that could produce another 60 in near term highly profitable revenue volume Waterproof Clothing 20 40M The largest new market growth opportunity for Caddis is with the expansion into waterproof clothing category for the mid to upper middle retail price points There are a variety of producers within Caddis network from China that could support this effort including meeting technical and fiscal requirements This market segment represents a 20 40 Million potential revenue category for Caddis using existing brand recognition retailers and end users market channels and materials and manufacturing relationships Caddis management growth would support this new market segment Large Retailer Channels 5 10M With the ability to meet the volume demands of major retailers Caddis can pursue larger retail relationships across regional markets in the US and Canada Caddis has started this effort with a new developing relationship with Cabelas Caddis has also been approached by several other vendors that it has elected not to pursue until it has the ability to meet their volume requirements These include o o o o o Cabelas New relationship started in 2016 Bass Pro Currently in selected markets Walmart Costco Sams Club International 5 10M Caddis has not pursued the international market but has regular inquiries and believes this is a significant market opportunity for both brands Confidential
May     2016       Caddis  50M  Brand Summary Growth opportunity with PE Strategic Partner Caddis is in a unique position ...
Financials Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
Financials  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3 5  T 5...
Projections 2017 Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
Projections 2017  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3 ...
2 47 PM 12 12 11 Accrual Basis Seasonal Marketing Inc Profit Loss Budget Plan January through December 2017 TOTAL Planned Bank Budget SMI 2017 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan Dec 17 Ordinary Income Expense Income 4000 Sales 250 000 00 325 000 00 525 000 00 550 000 00 550 000 00 525 000 00 525 000 00 500 000 00 425 000 00 375 000 00 250 000 00 200 000 00 4010 Advertising Allowance 2 027 00 4 635 00 1 294 50 4 500 00 4 500 00 5 000 00 3 700 00 6 000 00 1 500 00 2 025 00 1 350 00 2 000 00 5 000 000 00 38 531 50 4200 Allowance for Defectives 5 000 00 6 500 00 10 500 00 11 000 00 11 000 00 10 500 00 10 500 00 10 000 00 8 500 00 7 500 00 5 000 00 4 000 00 100 000 00 4250 Allowance for Non Compliance 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 5225 Freight Out Billed to Customer 1 000 00 1 300 00 2 100 00 2 200 00 2 200 00 2 100 00 2 100 00 2 000 00 1 700 00 1 500 00 1 000 00 800 00 20 000 00 243 973 00 315 165 00 515 305 50 536 700 00 536 700 00 511 600 00 512 900 00 486 000 00 416 700 00 366 975 00 244 650 00 194 800 00 4 881 468 50 158 750 00 206 375 00 333 375 00 349 250 00 349 250 00 333 375 00 338 625 00 332 500 00 282 625 00 249 375 00 166 250 00 133 000 00 3 232 750 00 Total Income Cost of Goods Sold 5001 Cost of Goods Sold 5200 Freight In 0 00 5275 Freight Variance 0 00 5800 Inventory Over Short 0 00 5900 Other Cost of Goods 5901 Shipping Supplies 5903 Boxes 0 00 Total 5901 Shipping Supplies Total 5900 Other Cost of Goods Total COGS Gross Profit Expense Gross Margin 0 00 0 00 0 00 0 00 0 00 0 00 158 750 00 206 375 00 333 375 00 349 250 00 349 250 00 333 375 00 338 625 00 332 500 00 282 625 00 249 375 00 166 250 00 133 000 00 3 232 750 00 85 223 00 108 790 00 181 930 50 187 450 00 187 450 00 178 225 00 174 275 00 153 500 00 134 075 00 117 600 00 78 400 00 61 800 00 1 648 718 50 34 09 33 47 34 65 34 08 34 08 33 95 33 20 30 70 31 55 31 36 31 36 30 90 32 97 5252 Freight Out to Customers 5 000 00 14 000 00 10 000 00 15 000 00 15 000 00 7 000 00 12 000 00 8 000 00 7 000 00 12 000 00 5 500 00 3 000 00 113 500 00 5390 Advertising 5 175 00 4 500 00 2 500 00 5390 01 Layout and Design 7 175 00 1 505 00 8 505 00 5390 03 Website Design 5390 Advertising Other 0 00 0 00 1 950 00 3 500 00 2 000 00 2 000 00 3 125 00 Total 5390 Advertising 5 175 00 3 455 00 5400 Commissions Expense 4 500 00 6110 1 Fuel 6110 2 Repair Maint 6 500 00 19 075 00 7 175 00 3 500 00 2 000 00 2 000 00 7 625 00 2 500 00 6 500 00 0 00 0 00 0 00 39 930 00 5 100 00 13 000 00 21 000 00 22 000 00 22 000 00 21 000 00 21 000 00 15 000 00 12 750 00 11 250 00 7 500 00 176 100 00 347 00 402 00 439 00 850 00 800 00 900 00 1 700 00 900 00 800 00 600 00 800 00 700 00 9 238 00 276 00 229 00 146 00 250 00 150 00 300 00 146 00 300 00 146 00 146 00 450 00 146 00 2 685 00 1 250 00 846 00 12 595 00 6110 Automobile Expense 6110 Automobile Expense Other Total 6110 Automobile Expense 149 00 950 00 1 200 00 1 846 00 1 723 00 946 00 746 00 4 819 00 500 00 12 300 00 2 800 00 700 00 1 400 00 600 00 400 00 700 00 1 000 00 32 347 00 550 00 1 000 00 1 000 00 1 000 00 900 00 800 00 300 00 800 00 2 000 00 1 800 00 11 829 00 6150 Depreciation Expense 19 926 00 19 926 00 6151 Amortization Expense 7 603 63 7 603 63 6130 Cash Discounts 6160 Dues and Subscriptions 631 00 734 00 3 416 00 3 712 00 400 00 1 279 00 672 00 1 100 00 6120 Bank Service Charges 623 00 523 00 1 415 00 4 787 00 1 771 00 1 700 00 4 300 00 700 00 500 00 1 000 00 1 300 00 600 00 300 00 129 89 18 502 89 85 00 0 00 0 00 30 00 0 00 0 00 30 00 0 00 0 00 30 00 0 00 0 00 175 00 6181 Medical Insurance 4 139 00 3 001 00 2 748 00 4 038 00 3 600 00 3 600 00 4 038 00 3 600 00 3 600 00 5 000 00 5 000 00 5 000 00 47 364 00 6180 Insurance Other 4 538 00 3 607 00 2 811 00 1 900 00 1 200 00 2 500 00 2 000 00 1 200 00 1 200 00 1 200 00 1 200 00 1 200 00 24 556 00 8 677 00 6 608 00 5 559 00 5 938 00 4 800 00 6 100 00 6 038 00 4 800 00 4 800 00 6 200 00 6 200 00 6 200 00 71 920 00 333 00 334 00 274 00 500 00 500 00 500 00 500 00 500 00 500 00 500 00 500 00 500 00 5 441 00 6170 Equipment Rental 6180 Insurance Total 6180 Insurance 6200 Interest Expense 6201 Finance Charge Page 1 of 3
2 47 PM 12 12 11 Accrual Basis  Seasonal Marketing Inc  Profit Loss Budget Plan January through December 2017 TOTAL Planne...
2 47 PM 12 12 11 Accrual Basis Seasonal Marketing Inc Profit Loss Budget Plan January through December 2017 TOTAL Planned Bank Budget SMI 2017 6205 Loan Interest Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan Dec 17 4 921 00 5 321 00 5 763 00 6 500 00 4 500 00 9 000 00 6 500 00 6 500 00 6 500 00 6 500 00 6 500 00 6 500 00 75 005 00 Total 6200 Interest Expense 5 254 00 5 655 00 6 037 00 7 000 00 5 000 00 9 500 00 7 000 00 7 000 00 7 000 00 7 000 00 7 000 00 7 000 00 80 446 00 6220 Meals Entertainment 1 700 00 1 766 00 440 00 300 00 600 00 800 00 1 200 00 750 00 1 800 00 1 200 00 600 00 900 00 12 056 00 6200 Interest Expense Other 0 00 6230 Miscellaneous 0 00 6231 Territory Development 6235 Trade Show 6240 Nonemployee Compensation 6250 Postage 6260 Printing and Reproduction 6270 Professional Fees 0 00 1 860 00 201 00 1 540 00 25 00 100 00 25 00 215 00 315 00 32 00 7 500 00 1 200 00 2 100 00 250 00 1 200 00 220 00 380 00 300 00 320 00 270 00 15 00 47 50 5 000 00 3 200 00 1 400 00 600 00 50 00 20 451 00 150 00 122 00 700 00 200 00 3 602 00 5 184 50 3 000 00 6275 Accounting Fees 135 00 3 725 00 0 00 3 860 00 3 000 00 4 578 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 34 578 00 3 000 00 3 135 00 8 303 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 3 000 00 41 438 00 6320 Samples Expense 2 084 00 160 00 406 00 2 400 00 2 000 00 900 00 0 00 600 00 200 00 150 00 500 00 1 300 00 10 700 00 6350 Supplies 1 697 00 1 022 00 371 00 350 00 250 00 300 00 50 00 4 230 00 404 00 620 00 451 00 1 200 00 400 00 400 00 400 00 400 00 400 00 400 00 400 00 400 00 5 875 00 Lodging 935 00 2 009 00 890 00 600 00 500 00 300 00 1 600 00 170 00 600 00 700 00 2 100 00 0 00 10 404 00 Parking 103 00 60 00 60 00 220 00 50 00 30 00 10 00 120 00 50 00 703 00 1 123 00 1 715 00 4 425 00 800 00 2 000 00 600 00 1 100 00 5 000 00 800 00 3 100 00 1 400 00 1 000 00 23 063 00 2 161 00 3 784 00 5 375 00 1 620 00 2 550 00 900 00 2 730 00 5 180 00 1 400 00 3 800 00 3 620 00 1 050 00 34 170 00 6559 Salaries Wages Officer 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 14 000 00 168 000 00 6560 Salary Wages 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 22 000 00 264 000 00 2 754 00 2 754 00 2 754 00 2 754 00 2 754 00 2 754 00 2 754 00 2 754 00 30 728 00 6280 Legal Fees 0 00 6270 Professional Fees Other Total 6270 Professional Fees 6290 Rent 6370 Telephone 0 00 190 00 6380 Travel 6380 Travel Other Total 6380 Travel 6600 Payroll Taxes 6610 FICA Tax 1 955 00 1 906 00 2 081 00 2 754 00 6620 Federal Unemployment 153 00 87 00 47 00 132 00 6630 Oregon Payroll Taxes 825 00 803 00 888 00 840 00 770 00 770 00 770 00 770 00 770 00 356 58 770 00 770 00 9 102 58 2 933 00 2 796 00 3 016 00 3 726 00 3 524 00 3 524 00 3 524 00 3 524 00 3 524 00 3 110 58 3 524 00 3 524 00 40 249 58 Total 6600 Payroll Taxes 419 00 6700 Taxes Licenses 6710 Federal Income Tax 5 658 00 5 658 00 6720 State Income Tax 0 00 6750 Licenses and Permits 6700 Taxes Licenses Other 100 00 115 00 215 00 96 51 359 97 100 00 211 51 574 97 263 46 Total 6700 Taxes Licenses 0 00 0 00 263 46 6760 Tax Provision 0 00 7000 Warehouse Expense 7001 Warehouse Telephone 405 00 405 00 406 00 395 00 395 00 395 00 395 00 395 00 395 00 395 00 395 00 395 00 7002 Warehouse Supplies 308 00 286 00 70 00 300 00 600 00 400 00 300 00 200 00 400 00 300 00 300 00 300 00 3 764 00 7003 Warehouse Rent 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 7 400 00 88 800 00 7004 Warehouse Office Expense 2 264 00 477 00 657 00 500 00 300 00 900 00 2 000 00 500 00 500 00 500 00 500 00 500 00 9 598 00 7005 Warehouse Expense other 67 00 248 00 773 00 1 492 00 1 772 00 1 586 00 1 200 00 1 000 00 800 00 600 00 600 00 600 00 700 00 11 936 00 10 092 00 10 892 00 9 795 00 9 695 00 10 495 00 10 695 00 9 095 00 9 295 00 9 295 00 7006 Warehouse Utilities 600 00 100 00 1 292 00 1 000 00 2 207 84 13 557 84 181 00 181 00 9 595 00 11 083 84 121 963 84 7000 Warehouse Expense Other Total 7000 Warehouse Expense 4 771 00 Page 2 of 3
2 47 PM 12 12 11 Accrual Basis  Seasonal Marketing Inc  Profit Loss Budget Plan January through December 2017 TOTAL Planne...
2 47 PM 12 12 11 Accrual Basis Seasonal Marketing Inc Profit Loss Budget Plan January through December 2017 TOTAL Planned Bank Budget SMI 2017 Total Expense Net Ordinary Income Jan 17 Feb 17 Mar 17 98 682 34 105 218 33 116 496 35 13 459 34 3 571 67 65 434 15 Apr 17 May 17 Jun 17 Jul 17 Aug 17 Sep 17 122 879 34 126 714 34 111 030 30 121 008 33 108 642 31 99 765 32 64 570 66 60 735 66 67 194 70 53 266 67 44 857 69 34 309 68 Oct 17 Nov 17 Dec 17 Jan Dec 17 101 471 89 92 889 31 97 517 92 1 302 316 08 16 128 11 14 489 31 35 717 92 346 402 42 Other Income Expense Other Expense 8010 Other Expenses 8100 Bad Debt 0 00 8010 Other Expenses Other 0 00 Total 8010 Other Expenses 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 64 570 66 60 735 66 14 489 31 35 717 92 346 402 42 8500 Federal income Taxes 0 00 Total Other Expense Net Other Income Net Income Net Income EBITDA EBITDA 0 00 13 459 34 3 571 67 65 434 15 67 194 70 53 266 67 44 857 69 34 309 68 16 128 11 7 471 877 76 10 Page 3 of 3
2 47 PM 12 12 11 Accrual Basis  Seasonal Marketing Inc  Profit Loss Budget Plan January through December 2017 TOTAL Planne...
P L and Balance Sheet YTD March Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
P L and Balance Sheet YTD  March   Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g...
Seasonal Marketing Inc 1 09 PM Profit Loss 04 11 17 Accrual Basis January through March 2017 Jan Mar 17 Ordinary Income Expense Income 4000 Sales 4010 Advertising Allowance 4200 Allowance for Defectives 4250 Allowance for Non Compliance 5225 Freight Out Billed to Customer Total Income Cost of Goods Sold 5001 Cost of Goods Sold 5200 Freight In 5275 Freight Variance 5300 Import Insurance 5800 Inventory Over Short 5900 Other Cost of Goods 5901 Shipping Supplies 5903 Boxes 5901 Shipping Supplies Other Total 5901 Shipping Supplies 5905 Production Supplies 5900 Other Cost of Goods Other Total 5900 Other Cost of Goods Total COGS Gross Profit Expense 5252 Freight Out to Customers 5390 Advertising 5390 01 Layout and Design 5390 02 Advertising Banners 5390 Advertising Other Total 5390 Advertising 5400 Commissions Expense 6110 Automobile Expense 6110 1 Fuel 6110 2 Repair Maint 6110 3 Auto Insurance 6110 Automobile Expense Other 961 440 42 7 340 11 16 759 50 401 83 6 615 01 943 553 99 590 339 71 593 71 57 64 1 275 00 401 38 4 195 00 920 02 5 115 02 510 69 0 00 5 625 71 597 375 11 346 178 88 42 003 69 910 00 3 750 00 1 800 00 6 460 00 18 169 68 1 118 45 196 38 329 64 44 00 Total 6110 Automobile Expense 1 688 47 6120 Bank Service Charges 6130 Cash Discounts 6140 Charitable Contributions 6160 Dues and Subscriptions 6170 Equipment Rental 6180 Insurance 6181 Medical Insurance 6182 Dental Insurance 6180 Insurance Other 3 745 23 4 922 48 237 60 4 459 39 379 62 Total 6180 Insurance 6200 Interest Expense 6201 Finance Charge 6205 Loan Interest Total 6200 Interest Expense 11 968 11 621 72 5 340 42 17 930 25 631 53 22 453 62 23 085 15 Page 1
Seasonal Marketing Inc.  1 09 PM  Profit   Loss  04 11 17 Accrual Basis  January through March 2017 Jan - Mar 17 Ordinary ...
Seasonal Marketing Inc 1 09 PM Profit Loss 04 11 17 Accrual Basis January through March 2017 Jan Mar 17 6220 Meals Entertainment 6230 Miscellaneous 6235 Trade Show 6240 Nonemployee Compensation 6250 Postage 6251 Storage 6270 Professional Fees 6280 Legal Fees 6270 Professional Fees Other Total 6270 Professional Fees 6350 Supplies 6370 Telephone 6380 Travel Lodging Parking 6380 Travel Other Total 6380 Travel 6559 Salaries Wages Officer 6560 Salary Wages 6561 Salary Wages Production 6600 Payroll Taxes 6610 FICA Tax 6620 Federal Unemployment 6630 Oregon Payroll Taxes 4 986 91 286 04 8 940 15 480 00 206 68 563 32 3 557 24 9 000 00 12 557 24 1 766 12 938 01 4 605 59 480 25 4 598 16 9 684 00 39 750 00 43 327 76 1 293 20 6 810 06 291 15 2 937 17 Total 6600 Payroll Taxes 10 038 38 6700 Taxes Licenses 6730 Personal Property Tax 30 99 Total 6700 Taxes Licenses 7000 Warehouse Expense 7001 Warehouse Telephone 7002 Warehouse Supplies 7003 Warehouse Rent 7004 Warehouse Office Expense 7005 Warehouse Expense other 7006 Warehouse Utilities 7000 Warehouse Expense Other Total 7000 Warehouse Expense Total Expense Net Ordinary Income Other Income Expense Other Income 7010 Interest Income Total Other Income Other Expense Reportable Health Coverage 8010 Other Expenses 8200 Penalties Total 8010 Other Expenses Total Other Expense Net Other Income Net Income 30 99 1 105 79 720 43 22 187 52 1 206 84 673 99 4 151 59 54 94 30 101 10 288 031 46 58 147 42 885 29 885 29 0 00 21 37 21 37 21 37 863 92 59 011 34 Page 2
Seasonal Marketing Inc.  1 09 PM  Profit   Loss  04 11 17 Accrual Basis  January through March 2017 Jan - Mar 17 6220    M...
Seasonal Marketing Inc 11 48 AM Balance Sheet 04 11 17 Accrual Basis As of March 31 2017 Mar 31 17 ASSETS Current Assets Checking Savings 1110 Bank of America Total Checking Savings 30 962 27 30 962 27 Accounts Receivable 1125 Allowance for doubtful accounts 1200 Accounts Receivable 1201 Accounts Receivable Adjustments 3 800 00 949 490 26 11 00 Total Accounts Receivable 945 701 26 Other Current Assets 1120 Inventory Asset 1130 Inventory Prepay 1300 Employee Advances 1320 Shareholder Loans 1350 Prepaid Income Taxes 1499 Undeposited Funds 2 253 935 11 20 234 70 4 340 04 2 190 00 74 396 46 100 90 Total Other Current Assets 2 355 197 21 Total Current Assets Fixed Assets 1500 Fixed Assets 1535 Leasehold Improvement 1540 Research Development Items 1542 Trademarks Patents 1545 Loan Fees 3 331 860 74 7 057 81 13 779 96 216 240 87 69 525 96 Total 1500 Fixed Assets 306 604 60 1510 Furniture Fixtures 1520 Computer Equipment 1530 Vehicles 1532 Displays 1580 Organization Costs 1590 Accumulated Depreciation 1595 Accumulated Amortization 28 643 66 23 204 02 56 203 00 10 663 20 10 369 71 82 606 00 92 157 00 Total Fixed Assets TOTAL ASSETS LIABILITIES EQUITY Liabilities Current Liabilities Accounts Payable 2000 Accounts Payable Total Accounts Payable Credit Cards 2100 Credit Cards 2104 M T Bank 2105 Capital One 5953 3462 5905 9609 2110 Wells Fargo 4214 2648 Total 2100 Credit Cards Total Credit Cards 260 925 19 3 592 785 93 756 328 72 756 328 72 2 002 04 8 973 96 624 32 11 600 32 11 600 32 Page 1
Seasonal Marketing Inc.  11 48 AM  Balance Sheet  04 11 17 Accrual Basis  As of March 31, 2017 Mar 31, 17 ASSETS Current A...
Seasonal Marketing Inc 11 48 AM Balance Sheet 04 11 17 Accrual Basis As of March 31 2017 Mar 31 17 Other Current Liabilities 2300 Payroll Liabilities 2301 Garnishment 2310 Federal Withholdings 2320 Fica Withholdings 2330 State Withholdings 2300 Payroll Liabilities Other 251 19 2 038 16 2 259 90 1 919 47 4 289 54 Total 2300 Payroll Liabilities 10 758 26 2425 Federal Income Tax Payable 2430 State Income Tax Payable 2435 UPS Capital Cargo Finance 3 620 00 7 991 00 57 000 00 Total Other Current Liabilities Total Current Liabilities Long Term Liabilities 2440 Deferred Tax Liability 2505 Share Holder Loan 2506 Ford Credit 2510 Due to M Myers 2511 Bank of America Line of Credit 2520 Mike Myers Assoc Total Long Term Liabilities Total Liabilities 79 369 26 847 298 30 7 150 70 39 097 53 25 701 06 115 792 46 1 744 598 15 5 000 00 1 937 339 90 2 784 638 20 Equity 3000 Common Stock 3900 Retained Earnings 3999 Opening Bal Equity Net Income 20 000 00 730 520 65 1 375 08 58 981 46 Total Equity 808 127 03 TOTAL LIABILITIES EQUITY 3 592 765 23 Page 2
Seasonal Marketing Inc.  11 48 AM  Balance Sheet  04 11 17 Accrual Basis  As of March 31, 2017 Mar 31, 17 Other Current Li...
Financial Statement 2015 2016 Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
Financial Statement 2015 - 2016  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o...
Taxes 2015 2016 Paine Pacific LLC 3 M o n r o e P a r k w a y S u i t e P 2 5 0 L a k e O s w e g o O R 9 7 0 3 5 T 503 697 6922 F 503 296 2249 nels painepacific com
Taxes 2015 - 2016  Paine Pacific, LLC 3 M o n r o e P a r k w a y, S u i t e P - 2 5 0 , L a k e O s w e g o , O R 9 7 0 3...