# Tons of Bubbles — April 2026 Financial Summary

**Period:** April 1 – April 30, 2026
**Basis:** Accrual
**Prepared by:** J2 Bookkeeping
**Sent:** [date]

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## The headline

**April was a planned investment month for Nob Hill.** Revenue held steady at the Q1 run-rate, but expenses spiked $12K above trend due to Nob Hill startup costs. Net income came in at **($4,330) for the month**. Year-to-date you're still solidly profitable at **+$59,123**.

You also personally invested **$20,166** into the business this month to fund Nob Hill — that's reflected on the balance sheet as a Contribution to equity, not as money you'll need to recover from the company.

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## What moved

| | Jan | Feb | Mar | **Apr** | YTD |
|---|---:|---:|---:|---:|---:|
| Revenue | 88,142 | 78,051 | 88,620 | **77,966** | 332,778 |
| Expenses | 64,606 | 56,734 | 69,833 | **82,144** | 273,317 |
| Net Income | 23,492 | 21,263 | 18,698 | **(4,330)** | 59,123 |

**Revenue:** $77,966 — essentially flat with February, slightly below January and March. No demand softness; April had a normal mix.

**Expenses:** $82,144 — up ~$12K vs. the Q1 average of ~$64K. The bump is concentrated in three places:
- **Office Supplies $11,777** — driven mostly by Nob Hill setup purchases (signage, fixtures, small equipment). Q1 average was ~$1,200/month, so April is ~10x normal. This should normalize back to baseline in May once Nob Hill is operational.
- **Software & Apps $4,922** — captures Nob Hill systems setup booked via the month-end Nob Hill startup entry (JE04302026).
- **Utilities $6,673** — Water came in at $4,600, on the higher end of normal seasonal variation.

**Net Operating Income:** ($4,178) — first negative month of the year. Driven entirely by the Nob Hill setup spend, not by any operational issue at the existing stores.

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## What you spent on Nob Hill in April

| Line | Amount | Funded by |
|------|-------:|-----------|
| Cash injection to Nob Hill operating account | $14,750 | Owner personal funds |
| Leasehold improvements (Joshua Craighead) | $3,000 | Owner personal funds |
| Setup supplies & fixtures | ~$11,500 | Business operating |
| Software & systems setup (month-end entry) | ~$4,700 | Business operating |
| **Total Nob Hill April investment** | **~$34K** | Mixed |

Your direct cash injection of $17,750 ($14,750 + $3,000) is now properly recorded as a Contribution to equity. Your previous balance sheet showed this as a confusing reduction to your distributions — the cleanup this month restated it correctly.

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## Cash position at month-end (April 30)

| Account | Balance |
|---------|--------:|
| Filbert (6702) | $1,343 |
| Pacifica (6652) | $778 |
| Walnut Creek (6736) | $734 |
| Nob Hill (5121) | $3,575 |
| TOB Savings | $2,005 |
| **Total business cash** | **$8,435** |

Operating cash is tight across the board. Once Nob Hill begins generating revenue, this will rebuild quickly. In the interim, the AR aging is clean ($0 outstanding) and AP is current ($0 outstanding).

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## Items disclosed for transparency

Three legacy or in-progress items that affect how the financials look but are not new April activity:

1. **Equipment line on the Balance Sheet shows a negative number.** This is a presentation quirk — Accumulated Depreciation ($811,787) is netting only against the Equipment subgroup, even though it actually covers all fixed assets (Equipment + Improvements + Furniture + Intangibles totaling $924K of cost). The bottom-line **Total Fixed Assets of $112,506 is correct**; the line-item Equipment display will be cleaned up in next month's COA restructure.

2. **"Reconciliation Adjustment" of ($317,013) in the equity section.** This is a legacy bank-reconciliation plug from pre-J2 bookkeeping. We are not unwinding it (would require forensic review of bank statements going back several years); recognizing it openly so you know what that line is.

3. **Office Supplies includes ~$6,282 of payments to Barclay (personal credit card).** Going forward, business expenses on the Barclay card require receipts under a formal Accountable Plan — we'll get that set up before next month's close so the underlying charges land in their proper expense categories instead of "Office Supplies."

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## What to watch in May

- **Nob Hill revenue ramp** — once doors are open, the loss profile flips quickly
- **Office Supplies normalizing** — should drop from $11,777 back to ~$1,000-$1,500 range
- **Water bill** — keep eyes on; consistently elevated this month

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**Questions?** Reply to this email or let's hop on a call.

*— J2 Bookkeeping*