Print Page     Close Window     

SEC Filings

8-K
COSI INC filed this Form 8-K on 12/20/2016
Entire Document
 

Cosi, Inc.
Case No.
16-13704-MSH
Debtor
Reporting Period
10/25/16-11/28/16
 
STATEMENT OF OPERATIONS
(Income Statement)
 
The Statement of Operations is to be prepared on an accrual basis.  The accrual basis of accounting recognizes revenue when it is realized and expenses when they are incurred, regardless of when cash is actually received or paid.
 
   
Cumulative
REVENUES
Month
Filing to Date
Gross Revenues
5,582,627
10,530,478
Less: Discounts
208,419
400,297
Net Revenue
5,374,207
10,130,181
COST OF GOODS SOLD
   
Cost of Goods Sold
1,405,146
2,627,403
Resturant Payroll:
   
PAYROLL
1,616,029
3,062,258
PAYROLL TAXES
154,357
291,110
LIFE AD&D ILTD INSURANCE
5,345
10,601
401K
14,239
16,884
MEDICAL INSURANCE
161,052
204,193
WORKERS COMPENSATION INSURANCE
37,641
75,282
Total Payroll
1,988,663
3,660,328
Restaurant Operating Expenses:
 
-
BANK FEES
11,571
25,903
CATERING
56,549
106,568
CREDIT CARD FEES
88,175
230,504
DELIVERY
19,838
38,610
DONATIONS
460
460
DUES
81
163
EQUIPMENT RENTAL
2,338
4,780
FINES
525
2,475
INSURANCE
5,085
21,403
IT COMPUTERS
86,366
160,380
LEGAL
-
-
LICENSES
5,388
5,899
MARKETING
96,691
174,736
OTHER
16,891
45,519
PAPER AND SUPPLIES
218,352
380,775
PERSONAL PROPERTY TAXES
6,355
18,575
REAL ESTATE TAXES
54,294
109,665
RENT
708,211
1,427,094
REPAIRS AND MAINTENANCE
83,332
186,738
TRAVEL
74
214
UTILITIES
165,013
338,375
Total Restaurant Operating Expense
1,625,588
3,278,835
Gross Profit
354,810
563,614
GENERAL AND ADMINISTRATIVE EXPENSES
   
BAD DEBT
-
5,000
BANK FEES
9,839
18,749
BOARD FEES
35,000
39,182
CATERING ALLOCATION
(55,522)
(105,493)
EQUIPMENT LEASES
-
1,565
INSURANCE
30,270
59,975
INVESTOR RELATIONS
3,166
10,911
IT COMPUTER
74,232
76,818
LATE FEES
19,283
19,283
LEGAL
9,050
11,492
MARKETING ALLOCATION
(49,686)
(99,743)
MEAL EXPENSE
6,795
9,575
MEDICAL INSURANCE
9,503
17,585
OFFICE SUPPLIES
3,644
4,855
OTHER
5,708
9,051
PAYROLL
249,260
479,717
PAYROLL - INSIDERS
79,870
136,763
PAYROLL TAXES
36,535
67,965
POSTAGE
4,866
8,284
PROFESSIONAL FEES
9,000
9,000
REAL ESTATE TAXES
1,119
2,237
RENT
25,389
50,777
SALES TAX
1,019
3,915
TELEPHONE
3,314
5,800
TEMPORARY HELP
48,761
72,962
TRAVEL
22,943
37,956
UTILITIES
1,542
3,083
WORKERS COMPENSATION INSURANCE
1,701
3,402
Total General & Administrative
586,602
960,666
Loss from Operations
(231,792)
(397,052)
     
OTHER INCOME AND EXPENSES
   
DEPRECIATION AND AMORTIZATION
(184,638)
(415,168)
INTEREST INCOME
491
985
INTEREST EXPENSE
(100,680)
(175,599)
DEBT ISSUANCE EXPENSE
(107,373)
(107,373)
FRANCHISEE FEES AND ROYALTY
161,672
291,691
MISCELLANEOUS INCOME
613,855
711,531
Total Other Income and Expenses
383,327
306,067
     
REORGANIZATION ITEMS
   
ASSET IMPAIRMENT AND CLOSED STORE COSTS
352,920
509,674
LEASE TERMINATION ACCRUAL
517
1,034
LOSS ON DISPOSAL OF ASSETS
-
-
PROFESSIONAL FEES
792,181
1,218,763
U.S. TRUSTEE QUARTERLY FEES
-
1,625
OTHER - PUBLIC RELATIONS
-
5,500
Total Reorganization Expenses
1,145,618
1,736,597
Income Taxes
-
-
Net Profit(Loss)
(994,082)
(1,827,581)
* "Insider" is defined in 11 U.S.C. Section 101(31).
 
MOR-3
9/04
 

© All rights reserved.