Laserfiche WebLink
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) <br /> <br />SOUTHEASTERN PRINTING COMPANY, INC. AND SUBSIDIARY <br /> <br />December 31, 2018 <br />(See Independent Accountant's Review Report) <br /> <br /> <br />- 8 - <br />NOTE C - RECEIVABLES <br /> <br />Following is a summary of receivables as of December 31, 2018: <br /> <br />Trade accounts receivable 5,342,340$ <br />Other receivables 302,428 <br />Related party receivable - affiliates 110,303 <br />5,755,071 <br />Less allowance for doubtful accounts 89,454 <br />5,665,617$ <br /> <br /> <br />NOTE D - INVENTORIES <br /> <br />Following is a summary of inventories as of December 31, 2018: <br /> <br />Raw materials 290,189$ <br />Work-in-process 965,756 <br />Finished goods 191,574 <br />1,447,519$ <br /> <br /> <br />NOTE E - PROPERTY AND EQUIPMENT <br /> <br />Following is a summary of property and equipment as of December 31, 2018: <br /> <br />Land 135,659$ <br />Buildings and improvements 1,578,205 <br />Machinery and equipment 8,889,841 <br />Computer equipment and software 941,819 <br />Furniture and fixtures 309,121 <br />Vehicles 95,069 <br />Construction in progress 1,197,839 <br />13,147,553 <br />Less accumulated depreciation and amortization 5,872,372 <br />7,275,181$ <br /> <br />Depreciation expense totaled $1,081,994 at December 31, 2018. <br />