|
Balance Sheets - 2018
<br />SPARK REQUEST FOR PROPOSAL
<br />NO. 19-07-02
<br />5. FINANCIAL BACKGROUND
<br />Cash Basis Thursday, August 8, 2019 06:39 AM GMT-7 1/2
<br />Spark Branding House, Inc.
<br />BALANCE SHEET
<br />As of December 31, 2018
<br />TOTAL
<br />ASSETS
<br />Current Assets
<br />Bank Accounts
<br />1020 Brand Checking 711,144.62
<br />1030 Paypal 0.00
<br />1040 Brand Media Retainer 24,178.28
<br />1050 Tax Savings 601,170.02
<br />Total Bank Accounts $1,336,492.92
<br />Other Current Assets
<br />4904 Employee Cash Advances 137,516.70
<br />Total Other Current Assets $137,516.70
<br />Total Current Assets $1,474,009.62
<br />Fixed Assets
<br />1610 Furniture & Equipment 122,023.22
<br />1617 Automobile 24,133.57
<br />1620 Computer Hardware/ Software 311,318.31
<br />1622 Studio Computer Equipment 85,573.58
<br />1624 Studio Equipment & Furniture 173,405.02
<br />1630 Leasehold Improvements 16,887.28
<br />1640 Brand- Accumulated Depreciation -702,109.14
<br />1650 Brand - Accumulated Amortization 0.00
<br />Total Fixed Assets $31,231.84
<br />Other Assets
<br />1220 Security Deposits 4,100.00
<br />Total Other Assets $4,100.00
<br />TOTAL ASSETS $1,509,341.46
<br />LIABILITIES AND EQUITY
<br />Liabilities
<br />Current Liabilities
<br />Credit Cards
<br />2100 AMEX 0.00
<br />2110 AMEX- Mike 11,830.65
<br />2120 AMEX- Elliott 4,975.22
<br />2130 AMEX- Joe 18,795.59
<br />2135 AMEX- Nashira 7,947.37
<br />2155 AMEX- Dulani 15,561.99
<br />2165 AMEX- Matt 292.61
<br />2170 AMEX- Shawna 4,623.56
<br />2175 AMEX- Brianna 6,685.86
<br />2180 AMEX- Katie 5,558.83
<br />Total 2100 AMEX 76,271.68
<br />2200 Chase- Mike 893.58
<br />Cash Basis Thursday, August 8, 2019 06:39 AM GMT-7 2/2
<br />TOTAL
<br />Total Credit Cards $77,165.26
<br />Other Current Liabilities
<br />2091 Apple - 4020 0.00
<br />2092 Apple - 4021 0.00
<br />2093 Apple - 4022 0.00
<br />2094 Apple - 4023 0.00
<br />2095 Apple - 4024 2,567.20
<br />2096 Apple - 4025 9,334.67
<br />2101 Customer Deposits 24,141.36
<br />2510 Line of Credit 0.00
<br />4905 Accrued Bonus 115,516.70
<br />Total Other Current Liabilities $151,559.93
<br />Total Current Liabilities $228,725.19
<br />Long-Term Liabilities
<br />2205 Automobile Loan 9,514.13
<br />Total Long-Term Liabilities $9,514.13
<br />Total Liabilities $238,239.32
<br />Equity
<br />3010 Capital Stock - MSP 1,667.00
<br />3200 Retained Earnings -240,061.64
<br />3210 Paid-In Capital AMM 60,200.00
<br />3417 Distributions- MSP -651,624.88
<br />Net Income 2,100,921.66
<br />Total Equity $1,271,102.14
<br />TOTAL LIABILITIES AND EQUITY $1,509,341.46
<br />55
|