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Balance Sheets - 2016
<br />SPARK REQUEST FOR PROPOSAL
<br />NO. 19-07-02
<br />5. FINANCIAL BACKGROUND
<br />Accrual Basis Thursday, August 8, 2019 09:14 AM GMT-7 1/2
<br />Spark Branding House, Inc.
<br />BALANCE SHEET
<br />As of December 31, 2016
<br />TOTAL
<br />ASSETS
<br />Current Assets
<br />Bank Accounts
<br />1020 Brand Checking 71,375.96
<br />1025 Brand Checking 2 (deleted-1)40,000.00
<br />1040 Brand Media Retainer 267,450.94
<br />Total Bank Accounts $378,826.90
<br />Accounts Receivable
<br />1200 Accounts Receivable (A/R)475,656.05
<br />Total Accounts Receivable $475,656.05
<br />Other Current Assets
<br />1713 Due From Ventures (deleted)4,500.00
<br />Total Other Current Assets $4,500.00
<br />Total Current Assets $858,982.95
<br />Fixed Assets
<br />1610 Furniture & Equipment 115,577.87
<br />1617 Automobile 24,133.57
<br />1620 Computer Hardware/ Software 481,606.66
<br />1630 Leasehold Improvements 12,907.28
<br />1640 Brand- Accumulated Depreciation -591,867.29
<br />Total Fixed Assets $42,358.09
<br />Other Assets
<br />1220 Security Deposits 897.00
<br />Total Other Assets $897.00
<br />TOTAL ASSETS $902,238.04
<br />LIABILITIES AND EQUITY
<br />Liabilities
<br />Current Liabilities
<br />Accounts Payable
<br />2000 Accounts Payable (A/P)75,410.17
<br />Total Accounts Payable $75,410.17
<br />Credit Cards
<br />2100 AMEX
<br />2105 AMEX- Tony (deleted)21,948.71
<br />2110 AMEX- Mike 9,694.77
<br />2120 AMEX- Elliott 692.65
<br />2125 AMEX- Gabe (deleted)3,144.03
<br />2130 AMEX- Joe 14,713.87
<br />2135 AMEX- Nashira 9,500.00
<br />2140 AMEX- Amy-1 (deleted)5,673.51
<br />2145 AMEX- Michelle (deleted)26,631.02
<br />2150 AMEX- Amanda (deleted)22.95
<br />Accrual Basis Thursday, August 8, 2019 09:14 AM GMT-7 2/2
<br />TOTAL
<br />2155 AMEX- Dulani 4,283.49
<br />Total 2100 AMEX 96,305.00
<br />Total Credit Cards $96,305.00
<br />Other Current Liabilities
<br />2091 Apple - 4020 5,987.68
<br />2092 Apple - 4021 6,684.75
<br />2093 Apple - 4022 5,297.25
<br />2094 Apple - 4023 9,559.44
<br />2101 Customer Deposits 247,058.84
<br />Total Other Current Liabilities $274,587.96
<br />Total Current Liabilities $446,303.13
<br />Long-Term Liabilities
<br />2205 Automobile Loan 18,164.07
<br />Total Long-Term Liabilities $18,164.07
<br />Total Liabilities $464,467.20
<br />Equity
<br />3000 Capital Stock - AMM (deleted-1)667.00
<br />3010 Capital Stock - MSP 1,000.00
<br />3200 Retained Earnings -87,346.00
<br />3210 Paid-In Capital AMM 60,200.00
<br />3411 Distributions- AMM (deleted)-81,650.00
<br />3417 Distributions- MSP -119,150.00
<br />Net Income 664,049.84
<br />Total Equity $437,770.84
<br />TOTAL LIABILITIES AND EQUITY $902,238.04
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