Horizon Health Care Group-Sandy Springs Financials 2012

Overview of P and L and Add Backs

2012 Updated Financials:Quickbooks P and L: $217,028 CollectionsExpenses(Before Add Backs): $191,000

Net Income(before add backs): $15,875Total Add Backs to Purchaser(Expenses Not Incurred By Purchaser): $78,439.58

Total Income Expected After Add Backs(Net Income + Add Backs)=$94,314Total Visits: 2412Total NP: 203

Total Services/Charges: $290,600

Descriptions of Add-Backs From P and L:Advertising: $2653 All Advertising has stopped and these totals include advertising for employees, Google Pay Per Click Campaigns

Internet on Airplane: $189.65

Airline tickets: 201.60

Automobile Fees: 1603.95

Car Payment:$8604.00

Contract Labor-Rachel Wexel $1100

Contract Labor Bragman: $5964

Equipment Rental: $183.07

Gifts: $386Health Club: $64

Insurance: $4336.51( Disability, Umbrella, Home) ***Non-Add Backs Liability and Malpractice

Medical Expenses: $1684.72 Personal

Payroll Taxes: $7796.64Payroll Salary: $25000

Professional Fees: (Personal House Cleaning)

(Legal Fees for Collections attorney)

(Promotion for patients at Massage Place Next Door)(Accounting)= Total $4488Staffing Ads: $364

Employment Adminstration-$50 Advertising for new employees

Reimbursements: $6682

Bookkeeping: $372

Staff Holiday Bonus(Contract Labor): $300

Contract Labor: $5964

Travel/Meals: $452.44

TOTAL ADD BACKS: $78,439.58