Sample MGA LLC
	Income Statement
	For the Three Months Ending March 31, 2008
		MTD	MTD	MTD	MTD	MTD	MTD	MTD	MTD	MTD	MTD	MTD	MTD	YTD		YTD
		Jan 2008	Feb 2008	Mar 2008	Apr 2008	May 2008	Jun 2008	Jul 2008	Aug 2008	Sep 2008	Oct 2008	Nov 2008	Dec 2008	Mar 2008		Mar 2007
	REVENUE:
	Commissions	$      328,436	$      437,905	$      516,106	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$    1,282,447		$              -
	MGA Fees	34,100	49,950	63,250	-	-	-	-	-	-	-	-	-	147,300		-
	Installment Fees	3,091	3,249	4,622	-	-	-	-	-	-	-	-	-	10,962		-
	TOTAL REVENUE	$      365,627	$      491,104	$      583,978	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$    1,440,709		$              -
	OPERATING EXPENSES:
	Commission Expense	$      126,996	$      248,467	$      194,658	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$       570,121		$              -
	BPO Fees	49,995	71,412	90,486	-	-	-	-	-	-	-	-	-	211,893		-
	Property Inspection Fees	-	-	-	-	-	-	-	-	-	-	-	-	-		-
	Underwriting Fees	-	-	-	-	-	-	-	-	-	-	-	-	-		-
	Salary and Employee Benefits	26,296	21,996	21,016	-	-	-	-	-	-	-	-	-	69,308		-
	Employee Bonus	(3,500)	-	-	-	-	-	-	-	-	-	-	-	(3,500)		-
	Payroll Processing Fees	411	388	253	-	-	-	-	-	-	-	-	-	1,052		-
	Advertising and Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-		-
	Bank Fees	212	338	218	-	-	-	-	-	-	-	-	-	768		-
	Communications	472	730	45	-	-	-	-	-	-	-	-	-	1,247		-
	Contributions	50	-	-	-	-	-	-	-	-	-	-	-	50		-
	Conventions and Seminars	-	30	-	-	-	-	-	-	-	-	-	-	30		-
	Depreciation	38	38	38	-	-	-	-	-	-	-	-	-	115		-
	Furniture and Equipment	64	-	64	-	-	-	-	-	-	-	-	-	128		-
	Insurance	628	656	656	-	-	-	-	-	-	-	-	-	1,939		-
	Licenses and Fees	79	357	-	-	-	-	-	-	-	-	-	-	436		-
	Office expenses	443	570	437	-	-	-	-	-	-	-	-	-	1,450		-
	Printing, Supplies and Postage	654	2,079	2,868	-	-	-	-	-	-	-	-	-	5,601		-
	Professional Fees	2,521	-	7,500	-	-	-	-	-	-	-	-	-	10,021		-
	Rent	919	919	919	-	-	-	-	-	-	-	-	-	2,756		-
	Sales and Miscellaneous Taxes	64	64	64	-	-	-	-	-	-	-	-	-	193		-
	Travel and Entertainment	3,446	3,496	544	-	-	-	-	-	-	-	-	-	7,487		-
	TOTAL EXPENSES	$      209,789	$      351,540	$      319,766	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$       881,095		$              -
	OTHER INCOME (EXPENSES):
	Interest	$              486	$              696	$              649	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$            1,831		$              -
	TOTAL OTHER INCOME (EXPENSES):	$              486	$              696	$              649	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$            1,831		$              -
	NET INCOME (LOSS):	$      156,323	$      140,260	$      264,861	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$              -	$       561,444		$              -