PDA's Annual Report 2016

PDAIS FINANCES PDAIS BALANCE SHEET $333,736 $466,256 Current Assets $33,187 $50,088 Fixed Assets 2015 - 2014 Comparison $4,944,742 $4,952,984 Other Assets $5,311,665 $5,469,328 Total Assets 2015 Audit Review 2014 Audited Current Liabilities $900,729 $748,463 $2,778,826 $2,882,842 Long-Term Liabilities $1,632,110 $1,838,023 Equity $5,311,665 $5,469,328 Total Liabilities & Equity THE INCOME STATEMENT THROUGH DECEMBER 31, 2015, SHOWS A DEFICIT OF $205,913. $1,158,344 PDAIS REVENUE $1,009,135 2015 - 2014 Comparison $609,733 $71,866 $4,386 $- Insurance Commission PDAIS EXPENSES Administrative & Late Fee 2015 Audit Review Professional Fees Investments Advertising/Marketing Royalty Office Support Endorsed Vendors $48,000 $48,000 $45,255 $281,519 Miscellaneous $74,035 $35,520 $462 Salaries, Commissions & Benefits $932,748 $918,469 2015 - 2014 Comparison 2014 Audited $26,865 $20,951 $124,230 $69,636 $96,169 $32,500 $89,038 $69,512 $84,322 $116,970 $54,501 $22,977 $27,966 Miscellaneous Rent Investment/Bank Fees Meetings/Meals/Travel/Lodging $16,900 $20,216 Depreciation $20,216 $19,992 Insurance 35

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