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Balance Sheets - 2017
<br />SPARK REQUEST FOR PROPOSAL
<br />NO. 19-07-02
<br />5. FINANCIAL BACKGROUND
<br />Cash Basis Thursday, August 8, 2019 06:40 AM GMT-7 1/2
<br />Spark Branding House, Inc.
<br />BALANCE SHEET
<br />As of December 31, 2017
<br />TOTAL
<br />ASSETS
<br />Current Assets
<br />Bank Accounts
<br />1020 Brand Checking 71,172.48
<br />1030 Paypal 0.00
<br />1040 Brand Media Retainer 261,155.99
<br />Total Bank Accounts $332,328.47
<br />Total Current Assets $332,328.47
<br />Fixed Assets
<br />1610 Furniture & Equipment 118,680.81
<br />1617 Automobile 24,133.57
<br />1620 Computer Hardware/ Software 329,517.82
<br />1622 Studio Computer Equipment 73,754.59
<br />1624 Studio Equipment & Furniture 158,465.80
<br />1630 Leasehold Improvements 16,887.28
<br />1640 Brand- Accumulated Depreciation -662,225.34
<br />Total Fixed Assets $59,214.53
<br />Other Assets
<br />1220 Security Deposits 2,000.00
<br />Total Other Assets $2,000.00
<br />TOTAL ASSETS $393,543.00
<br />LIABILITIES AND EQUITY
<br />Liabilities
<br />Current Liabilities
<br />Credit Cards
<br />2100 AMEX 0.00
<br />2110 AMEX- Mike 25,763.26
<br />2120 AMEX- Elliott 5,096.06
<br />2125 AMEX- Gabe (deleted)4,996.08
<br />2130 AMEX- Joe 6,226.10
<br />2135 AMEX- Nashira 9,797.28
<br />2140 AMEX- Amy-1 (deleted)2,241.61
<br />2150 AMEX- Amanda (deleted)-111.50
<br />2155 AMEX- Dulani 4,053.21
<br />Total 2100 AMEX 58,062.10
<br />Total Credit Cards $58,062.10
<br />Other Current Liabilities
<br />2091 Apple - 4020 1,496.90
<br />2092 Apple - 4021 2,165.43
<br />2093 Apple - 4022 2,824.99
<br />2094 Apple - 4023 4,744.52
<br />2095 Apple - 4024 3,821.44
<br />2096 Apple - 4025 13,551.59
<br />Cash Basis Thursday, August 8, 2019 06:40 AM GMT-7 2/2
<br />TOTAL
<br />2101 Customer Deposits 261,128.44
<br />2510 Line of Credit 210,000.00
<br />Total Other Current Liabilities $499,733.31
<br />Total Current Liabilities $557,795.41
<br />Long-Term Liabilities
<br />2205 Automobile Loan 13,942.23
<br />Total Long-Term Liabilities $13,942.23
<br />Total Liabilities $571,737.64
<br />Equity
<br />3010 Capital Stock - MSP 1,667.00
<br />3200 Retained Earnings -25,520.76
<br />3210 Paid-In Capital AMM 60,200.00
<br />3411 Distributions- AMM (deleted)-51,832.00
<br />3417 Distributions- MSP -552,087.44
<br />Net Income 389,378.56
<br />Total Equity $ -178,194.64
<br />TOTAL LIABILITIES AND EQUITY $393,543.00
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