Bonal International : 2023 1st Quarter Financial Report and OTC Pink Basic Disclosure

Fiscal Year

1st Quarter Ending

June 30th, 2022

and

OTC Pink Basic Disclosure

(unaudited)

B O N A L I N T E R N A T I O N A L, I N C.

Bonal International, Inc. and Subsidiary

		Consolidated Balance Sheets
		June 30,			March 31,
Assets		2022			2022
Current Assets
Cash	$	949,029	$	1,058,089
Accounts receivable‐trade, net		135,079			22,583
Inventories, net		686,529			694,888
Prepaid expenses and other current assets:
Prepaid expenses		28,090			38,971
Other current assets		39,597			29,613
		1,838,324			1,844,144
Property and Equipment, Net		21,580			19,649
Deferred Tax Asset		6,500			6,500
Total assets	$	1,866,404	$	1,870,293
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	25,289	$	14,873
Accrued and other current liabilities:
Accrued compensation		85,289			111,852
Customer deposits and advances		21,305			31,000
Accrued income tax liabilities		44,764			38,719
Accrued dividends		87,396			‐
Other accrued liabilities		3,662			6,956
		267,705			203,400
Stockholders' Equity		1,598,699			1,666,893
Total liabilities and stockholders' equity	$	1,866,404	$	1,870,293

The accompanying notes are an integral part of these consolidated financial statements.

B O N A L I N T E R N A T I O N A L, I N C.

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Bonal International, Inc. and Subsidiary

	Consolidated Statements of Operations
			First Quarter Ended June 30,
Net Sales			2022			2021
Contract revenue	$	445,150	$	339,246
Rental revenue			37,210			71,870
Total net sales			482,360			411,116
Cost of Sales			125,755			113,668
Gross Profit			356,605			297,448
General and Administrative Expenses			332,020			251,043
Operating Income			24,585			46,405
Nonoperating Income (Expense)
Interest income			297			364
Other income (expense)			(264)			(186)
Total nonoperating income			33			178
Income ‐ Before income taxes			24,618			46,583
Income Tax Expense			5,416			10,248
Net Income		$	19,202		$	36,335
Per‐Share Data ‐ Net Income	$	0.01	$	0.02
Average Number of Shares Used in
per Share Computation			1,747,922			1,747,922

The accompanying notes are an integral part of these consolidated financial statements.

B O N A L I N T E R N A T I O N A L, I N C.

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Bonal International, Inc. and Subsidiary

					Consolidated Statements of Stockholders' Equity
		Class A			Additional			Retained
		Common							Total
		Stock		Paid‐in Capital			Earnings
Balance ‐ April 1, 2019	$	8,740	$	688,212	$	919,182	$	1,616,134
Net Loss		‐			‐			(49,950)			(49,950)
Dividends ($0.05 per share)		‐			‐			(87,396)			(87,396)
Balance ‐ March 31, 2020		8,740			688,212			781,836			1,478,788
Net Income		‐			‐			89,294			89,294
Balance ‐ March 31, 2021		8,740			688,212			871,130			1,568,082
Net Income		‐			‐			186,207			186,207
Dividends ($0.05 per share)		‐			‐			(87,396)			(87,396)
Balance ‐ March 31, 2022		8,740			688,212			969,941			1,666,893
Net Income		‐			‐			19,202			19,202
Dividends Declared ($0.05 per share)	‐			‐			(87,396)			(87,396)
Balance ‐ June 30, 2022	$	8,740		$	688,212		$	901,747		$	1,598,699

B O N A L I N T E R N A T I O N A L, I N C.

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