CONSOLIDATED STATEMENTS OF OPERATIONS AND CHANGES IN MEMBER'S EQUITY - USD ($)	Total	Room revenues	Other revenues	Distribution Fund Innisbrook Rental Pool Lease Operation
Total revenues	$ 46,382,787	$ 9,500,705	$ 36,882,082
Gross Revenues				$ 9,267,219
Costs and expenses:
Operating costs and expenses	24,525,961
General and administrative	20,100,038
Depreciation and amortization	2,702,861
Total costs and expenses	47,328,860
Operating income (loss)	(946,073)
Interest expense	(817,140)
Interest income	10,638
Gain on sale of assets	10,112,457
Income before provision for income tax	8,359,882
Provision for income tax	(167,923)
Net income (loss)	8,191,959
Member's equity, beginning of year at Dec. 31, 2022	27,659,827
Costs and expenses:
Member distributions	(1,000,000)
Member's equity, end of year at Dec. 31, 2023	34,851,786
DEDUCTIONS:
Agents' commissions				345,578
Credit card fees				259,786
Audit fees				165,914
Linen replacements				111,668
Rental pool complimentary fees				19,853
Total Operating Expenses				902,799
Adjusted gross revenues				8,364,420
Amount retained by lessee				(5,018,652)
Gross income distribution				3,345,768
Adjustments to gross income distribution:
General pooled expense				(813)
Miscellaneous pool adjustments				(738)
Occupancy fees				(784,006)
Advisory Committee expenses				(102,028)
Net income distribution				2,458,183
Adjustments to net income distribution:
Occupancy fees				784,006
Hospitality suite fees				3,130
Corporate comps				12,770
Associate room fees				11,225
Incentives				447,341
Available for distribution to participants				3,716,655
Total revenues	15,770,300	3,722,626	12,047,674
Operating costs and expenses	7,651,708
General and administrative	6,010,734
Depreciation and amortization	401,217
Total costs and expenses	14,063,659
Operating income (loss)	1,706,641
Interest expense	(171,481)
Interest income	81,836
Income before provision for income tax	1,616,996
Provision for income tax	9,965
Net income (loss)	1,607,031
Member's equity, end of year at Mar. 31, 2024	36,458,816
Total revenues	27,311,425	5,608,261	21,703,164
Costs and expenses:
Operating costs and expenses	14,157,712
General and administrative	10,942,218
Depreciation and amortization	885,276
Total costs and expenses	25,985,206
Operating income (loss)	1,326,219
Interest expense	(350,775)
Interest income	178,717
Income before provision for income tax	1,154,161
Provision for income tax	10,222
Net income (loss)	1,143,939
Member's equity, beginning of year at Dec. 31, 2023	34,851,786
Member's equity, end of year at Jun. 30, 2024	35,995,724
Total revenues	35,577,616	7,266,369	28,311,247
Costs and expenses:
Operating costs and expenses	19,737,764
General and administrative	15,499,975
Depreciation and amortization	1,381,662
Total costs and expenses	36,619,401
Operating income (loss)	(1,041,785)
Interest expense	(528,090)
Interest income	271,363
Income before provision for income tax	(1,298,512)
Provision for income tax	22,840
Net income (loss)	(1,321,352)
Member's equity, beginning of year at Dec. 31, 2023	34,851,786
Member's equity, end of year at Sep. 30, 2024	33,530,274
Total revenues	47,224,259	9,627,545	37,596,714
Gross Revenues				9,327,519
Costs and expenses:
Operating costs and expenses	26,547,788
General and administrative	20,432,358
Depreciation and amortization	1,877,834
Total costs and expenses	48,857,980
Operating income (loss)	(1,633,721)
Interest expense	(689,703)
Interest income	337,498
Income before provision for income tax	(1,985,926)
Provision for income tax	(23,000)
Net income (loss)	(2,008,926)
Member's equity, beginning of year at Dec. 31, 2023	34,851,786
Member's equity, end of year at Dec. 31, 2024	32,842,860
DEDUCTIONS:
Agents' commissions				378,733
Credit card fees				256,886
Audit fees				170,060
Linen replacements				103,807
Rental pool complimentary fees				17,353
Total Operating Expenses				926,839
Adjusted gross revenues				8,400,680
Amount retained by lessee				(4,853,859)
Gross income distribution				3,546,821
Adjustments to gross income distribution:
General pooled expense				(31,958)
Miscellaneous pool adjustments				(655)
Occupancy fees				(865,443)
Advisory Committee expenses				(107,064)
Net income distribution				2,541,701
Adjustments to net income distribution:
Occupancy fees				865,443
Hospitality suite fees				2,404
Corporate comps				13,589
Associate room fees				14,199
Incentives				0
Available for distribution to participants				$ 3,437,336
Total revenues	11,541,125	1,885,635	9,655,490
Operating costs and expenses	6,506,004
General and administrative	4,931,484
Depreciation and amortization	484,059
Total costs and expenses	11,921,547
Operating income (loss)	(380,422)
Interest expense	(179,294)
Interest income	96,881
Income before provision for income tax	(462,835)
Provision for income tax	257
Net income (loss)	(463,092)
Member's equity, beginning of year at Mar. 31, 2024	36,458,816
Member's equity, end of year at Jun. 30, 2024	35,995,724
Total revenues	8,266,191	$ 1,658,108	$ 6,608,083
Costs and expenses:
Operating costs and expenses	5,580,052
General and administrative	4,557,757
Depreciation and amortization	496,386
Total costs and expenses	10,634,195
Operating income (loss)	(2,368,004)
Interest expense	(177,315)
Interest income	92,646
Income before provision for income tax	(2,452,673)
Provision for income tax	12,618
Net income (loss)	(2,465,291)
Member's equity, end of year at Sep. 30, 2024	$ 33,530,274

Salamander Innisbrook, LLC 10-K