Prepared by Sahil · Prosynergy Bookkeeping
After losing $131,869 in the first three months of 2026, April’s $238,830 net income didn’t just break even — it put the business $107K ahead for the year. Revenue of $326K more than tripled March and demolished the Jan–Mar rolling average of $64,604. Gross margin jumped to 76% from negative territory all winter, driven by tile installation and excavating work surging to $310K in April alone. This is the business running exactly as designed.
You have $131,651 sitting in outstanding invoices as of April 30. Ben Weaver alone owes $50,530 — that’s nearly twice your entire cash balance and 38% of everything you’re owed. Overall collections are excellent at 12 days, but that concentration is a risk. Meanwhile, Austin Hostetler’s $4,259 has been sitting unpaid for over 90 days — that one needs a direct conversation now.
J&M Excavating advanced another $100,000 to JM Logistics in April, bringing the total intercompany balance to $170,677 — now correctly recorded as a long-term asset. That’s more than six times your current cash balance. Both companies share the same ownership, which makes it easy to treat this informally — but a documented repayment plan protects both businesses and keeps the books clean for any future financing conversations.
| Line Item | Jan | Feb | Mar | Apr | 3-Mo Avg |
|---|---|---|---|---|---|
| Revenue | $86,158 | $16,681 | $90,973 | $326,035 | $64,604 |
| Cost of Goods Sold | $96,768 | $91,796 | $106,669 | $78,312 | $98,411 |
| Gross Profit | ($10,610) | ($75,115) | ($15,696) | $247,723 | ($33,807) |
| Gross Margin % | −12.3% | −450% | −17.3% | 76.0% | −160% |
| Operating Expenses | $24,547 | $11,967 | $15,269 | $23,977 | $17,261 |
| Net Operating Income | ($35,158) | ($87,082) | ($30,965) | $223,745 | ($51,068) |
| Other Income | — | $22,000 | $178 | $15,085 | $7,393 |
| Net Income | ($35,158) | ($65,924) | ($30,787) | $238,830 | ($43,956) |