PEGGY SIEGAL INC

PEGGY SIEGAL INC FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30. 2011 EFTA01077269 PEGGY SIEGAL INC FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30. 2011 TABLE OF CONTENTS PAGE INDEPENDENT ACCOUNTANTS' COMPILATION REPORT 1 FINANCIAL STATEMENTS: STATEMENT OF REVENUES AND EXPENSES 2 SUPPLEMENTARY INFORMATION ALLOCATION BETWEEN PEGGY SIEGAL AND BRYAN BANTRY 3 OTHER EXPENSES 3 EFTA01077270 SCHEER & RUBINSTEIN, CPA's, LLP CERTIFIED PUBLIC ACCOUNTANTS Westchester Office 180 South Broadway - Suite 100 While Plains. New York 10605 Tell Fax: To The Stockholder Peggy Siegal Inc. Tel: INDEPENDENT ACCOUNTANTS' COMPILATION REPORT Long Island Office 97 Froelich Farm Boulevard Woodbury. New York 11797 Fax: We have compiled the accompanying statement of revenues and expenses and supplementary information for the nine months then ended. We have not audited or reviewed the accompanying financial statements and. accordingly. do not ex press an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America. Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing. implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements. Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements. Management has elected to omit substantially all of the disclosures required by accounting principles generally accepted in the United States of America. including the statements of cash flows. If the omitted disclosures were included in the financial statements, they might influence user's conclusions about the Company's financial position. results of operations. and cash flows. Accordingly. the financial statements are not designed for those who are not informed about such matters. Scheer & Rubinstein. CPA's. LLP White Plains. New York November 15. 2011 \). EFTA01077271 PEGGY SIEGAL INC STATEMENT OF REVENUES AND EXPENSES FOR THE NINE MONTHS ENDED SEPTEMBER 30. 2011 REVENUES Event fees Administrative fees Reimbursed expenses TOTAL INCOME $ 1.150.854 19.959 73,975 1.244.788 EVENT EXPENSES Miscellaneous expenses 12.037 Catering 136.073 Rentals 10.500 Event flowers 1.292 Photographer 22.100 TOTAL EVENT EXPENSES 182,002 REVENUES BEFORE ADMINISTRATIVE EXPENSES 1.062.786 ADMINISTRATIVE EXPENSES Computer technician 5.170 Computer hardware 1:82310I Telephone Entertainment 885 Reimbursed expenses to staff 14.192 Messengers and couriers 5.465 Travel 49.996 Limousine and cabs (schedule 1) 43.396 Health and disability insurance 3.281 Workers' compensation insurance 792 Rent paid 8.017 Car expenses (schedule 2) 7.889 Postage 1.306 PR 4,500 Dues and subscriptions 9.218 Gifts to clients 2.323 Office expense 8.406 Finance charges 8,564 Bank charges 1.047 Legal and professional fees 1.775 Accounting fees 27.900 Consulting fees (schedule 3) 287.487 Payroll expenses (schedule 4) 51.561 Internet expense 10 Web-site expense 350 Printing v e 2.537 Copier expense % 6.600 Paypal charges 2.680 Repairs 3.608 Film festival expenses 1.555 TOTAL ADMINISTRATIVE EXPENSES 569.414 REVENUES IN EXCESS OF EXPENSES $ 493.372 See Accountant's Compilation Report. -2- EFTA01077272 PEGGY SIEGAL INC SUPPLEMENTARY INFORMATION FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011 ALLOCATION BETWEEN PEGGY SIEGAL AND BRYAN BANTRY EXCESS OF REVENUES OVER EXPENSES FOR THE NINE MONTHS ENDED SEPTEMBER 30. 2011 493.372 PEGGY SIEGAL DUE 60% $ 296.023 PAYMENTS TO PEGGY SIEGAL PER WAGGINGTAIL THROUGH SEPTEMBER 30. 2011 01/13/11 $ 20.000 02/09/11 8.000 02/14/11 30.000 03/23/11 10.000 03/29/11 25.000 03/29/11 7,381 04/04/11 10.000 04/18/11 15.000 04/25/11 10.000 04/26/11 10.500 05/11/11 20.000 05/11/11 5.000 06/14/11 15.000 06/23/11 5.000 06/30/11 3.000 06/30/11 2.000 07/11/11 1.650 07/15/11 17.000 07/15/11 5.000 08/02/11 4.000 08/02/11 1.000 08/16/11 O Ov 5.000 08/18/11 10.000 08/18/11 5.000 08/29/11 11.000 08/29/11 4.000 09/12/11 21.500 09/12/11 3.500 09/30/11 25.000 TOTAL PAYMENTS TO PEGGY SIEGAL THROUGH SEPTEMBER 30, 2011 $ 309,531 See Accountant's Compilation Report. -3- EFTA01077273 PEGGY SIEGAL INC SUPPLEMENTARY INFORMATION FOR THE NINE MONTHS ENDED SEPTEMBER 30. 2011 SCHEDULE 1 - LIMOUSINES AND CABS Expedited delivery transportation $ 30.038 Other Limousines and cabs 13.358 TOTAL LIMOUSINES AND CABS $ 43.396 SCHEDULE 2 - CAR EXPENSES Car maintenance S 2.033 Gas 4.683 EZ Pass 1,173 TOTAL CAR EXPENSES S 7.889 SCHEDULE 3 - CONSULTING FEES Emblem pr $ 8,400 Pfeiffer Consulting LLC 67.422 Pfeiffer Consulting LLC - reimbursed expenses 45.599 Others 57.806 Deanna 27.100 Andres Fernandez 75.800 Andres Fernandez - medical 3.702 Andres Fernandez - reimbursed expenses 1.658 TOTAL CONSULTING FEES $ 287,487 SCHEDULE 4 - PAYROLL EXPENSES Salaries and wages S 46,300 Payroll taxes 4,012 Payroll service 1.249 TOTAL PAYROLL EXPENSES $ 51,561 See Accountant's Compilation Report. -4- EFTA01077274