Attached files
| file | filename |
|---|---|
| EX-99.3 - EX-99.3 - HOOKER FURNITURE CORP | ex99-3.htm |
| EX-99.1 - EX-99.1 - HOOKER FURNITURE CORP | ex99-1.htm |
| EX-23.1 - EX-23.1 - HOOKER FURNITURE CORP | ex23-1.htm |
| 8-K/A - 8-K/A - HOOKER FURNITURE CORP | hookerfurniture8ka120517.htm |
Exhibit 99.2
|
Shenandoah Furniture, Inc.
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||||||||
|
Balance Sheet
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||||||||
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As of June 30, 2017
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||||||||
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unaudited
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||||||||
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Jun-17
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Jun-16
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|||||||
|
Cash
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5,473,178
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3,119,020
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||||||
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Accounts Receivable
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3,545,894
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3,970,283
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||||||
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Inventory
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1,440,549
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2,355,719
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||||||
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Prepaid Insurance
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163,775
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128,861
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||||||
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Current assets
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10,623,396
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9,573,883
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||||||
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PP&E
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9,853,477
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8,948,896
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||||||
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Accumulate Depr
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(4,214,999
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)
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(3,963,826
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)
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||||
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Net Fixed Assets
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5,638,478
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4,985,070
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||||||
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CSV life insurance
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496,580
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433,007
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||||||
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Total assets
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16,758,454
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14,991,960
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Accounts Payable
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792,015
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949,615
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||||||
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Other payables
|
392
|
57
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||||||
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Accrued salaries, wages & taxes
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499,124
|
493,312
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||||||
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accrued expenses
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139,189
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89,970
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||||||
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Current Liabilities
|
1,430,720
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1,532,954
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||||||
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common Stock
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50,000
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50,000
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||||||
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Retained earnings
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722,989
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722,990
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current retained earnings
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3,664,982
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3,010,923
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||||||
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accumulated adjustment
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10,889,763
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9,675,093
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||||||
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Stockholders equity
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15,327,734
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13,459,006
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||||||
|
Total Liabilities & equity
|
16,758,454
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14,991,960
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||||||
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Shenandoah Furniture, Inc.
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||||||||||||||||
|
Statement of Operations
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As of June 30, 2017
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||||||||||||||||
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unaudited
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||||||||||||||||
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Six Months Ended
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Six Months Ended
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June 30, 2017
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June 30, 2016
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|||||||||||||||
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Net Sales
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21,653,173
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20,358,143
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||||||||||||||
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COGS
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||||||||||||||||
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Materials
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9,473,263
|
43.7
|
%
|
8,906,824
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43.8
|
%
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||||||||||
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Labor
|
4,314,478
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19.9
|
%
|
4,321,778
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21.2
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%
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||||||||||
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Overhead
|
2,784,221
|
12.9
|
%
|
2,804,350
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13.8
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%
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||||||||||
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Total COGS
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16,571,962
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76.5
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%
|
16,032,952
|
78.8
|
%
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||||||||||
|
Gross Profit
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5,081,211
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23.5
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%
|
4,325,191
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21.2
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%
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||||||||||
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Selling
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577,983
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2.7
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%
|
556,901
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2.7
|
%
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||||||||||
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Admin
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904,805
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4.2
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%
|
870,080
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4.3
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%
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||||||||||
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SG&A
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1,482,788
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6.8
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%
|
1,426,981
|
7.0
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%
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||||||||||
|
Operating Income
|
3,598,423
|
16.6
|
%
|
2,898,210
|
14.2
|
%
|
||||||||||
|
Other
|
66,559
|
0.3
|
%
|
112,713
|
0.6
|
%
|
||||||||||
|
Net income
|
3,664,982
|
16.9
|
%
|
3,010,923
|
14.8
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%
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||||||||||