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12:03 PM First Choice Medical Transport, LLC
<br /> 03123115 Profit & Loss
<br /> Accrual Basis January through December 2014
<br /> Jan-Dec 14 Jan-Dec 13 $Change
<br /> Ordinary Income/Expense
<br /> Income
<br /> Income-Due Patient 87,126.98 6,135.35 80,991.63
<br /> MedicarelMedicaid Claim Income 386,678.03 422,174.16 -35,496.13
<br /> Non Medicare/Medicaid Income
<br /> Bad Debt Patient/Secondary Ins -34,428.44 -14,159.54 -20,268.90
<br /> Non Medicare/Medicaid Income-Other 347,938.32 167,380.20 180,558.12
<br /> Total Non Medicare/Medicaid Income 313,509.88 153,220.66 160,289.22
<br /> Refunds -4,961.81 -2,904.26 -2,057.55
<br /> Uncategorized Income 200.94 0.00 200.94
<br /> Total Income 782,554.02 578,625.91 203,928.11
<br /> Expense
<br /> Advertising and Promotion 969.14 2,209.39 -1,240.25
<br /> Ambulance Expense 87,823.55 46,910.00 40,913.55
<br /> Bank Service Charges 25.49 24.14 1.35
<br /> Continuing Education 558.95 0.00 558.95
<br /> Depreciation Expense 11,272.36 7,842.54 3,429.82
<br /> Dues and Subscriptions 200.00 200.00 0.00
<br /> Fees/Licenses 589.18 427.00 162.18
<br /> Health Insurance-Carol 5,585.31 4,356.95 1,228.36
<br /> Health Insurance-Ron 5,366.28 4,186.09 1,180.19
<br /> Insurance Claim Processing Fees 0.00 1,125.00 -1,125.00
<br /> Insurance Expense
<br /> Worker's Compensation 13,483.00 2,162.00 11,321.00
<br /> Insurance Expense-Other 21,485.25 16,929.75 4,555.50
<br /> Total Insurance Expense 34,968.25 19,091.75 15,876.50
<br /> Meals and Entertainment 2,943.52 1,561.64 1,381.88
<br /> Medical Records and Supplies
<br /> Medical Supplies 9,013.32 6,136.25 2,877.07
<br /> Total Medical Records and Supplies 9,013.32 6,136.25 2,877.07
<br /> Meeting Expense 3,395.45 0.00 3,395.45
<br /> Office Supplies 5,707.36 2,232.54 3,474.82
<br /> Outside Services _ 12,800.00 9,625.00 3,175.00
<br /> Payroll Expenses 185,446.98 97,586.85 87,860.13
<br /> Payroll Service Fees 1,429.18 1,245.27 183.91
<br /> Payroll Tax Expense 18,635.95 9,116.99 9,518.96
<br /> Postage and Delivery 0.00 111.36 -111.36
<br /> Professional Fees 2,326.54 4,620.00 -2,293.46
<br /> Rent Expense 4,250.00 1,530.00 2,720.00
<br /> Repairs and Maintenance 0.00 379.00 -379.00
<br /> Tax-Vehicle 0.00 1,958.71 -1,958.71
<br /> Telephone Expense 8,033.52 4,971.67 3,061.85
<br /> Travel Expense 10,627.20 8,378.04 2,249.16
<br /> Pagel
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