Inventory at Cost | $ | 437,088 | |
Loss on Disposal of Assets Destroyed | 79,893 | ||
Cleanup & Water Removal Costs | 327,641 | ||
Leased Office Equipment Destroyed | 145,661 | ||
Other Expenses | 138,271 | ||
Total Expenses | 1,128,554 | ||
Less: Insurance Proceeds | 1,000,000 | ||
Net Loss | $ | 128,554 | |