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ERNEST ENERGY, INC. AND SUBSIDIARIES
<br />SUPPLEMENTARY INFORMATION
<br />CONSOLIDATING BALANCE SHEET
<br />DECEMBER 31, 2022
<br />
<br />See independent accountants’ compilation report.
<br />9
<br />Ernest Electrik
<br />Consolidated Eliminations Energy, Inc.Pros, LLC HMO Energy, Inc.
<br />CURRENT LIABILITIES:
<br />Accounts payable 128,818$ -$ -$ 92,644$ 36,174$
<br />Contract liabilities 22,847 - - 22,847 -
<br />Accrued expenses and other current liabilities 59,846 - - 59,846 -
<br />Total Current Liabilities 211,511 - - 175,337 36,174
<br />LONG-TERM LIABILITIES:
<br />Contingent liabilities 685,000 - - - 685,000
<br />Intercompany payable - (1,089,408) - 1,089,408 -
<br />Note payable from stockholder 32,999 - - - 32,999
<br />Total Long-Term Liabilities 717,999 (1,089,408) - 1,089,408 717,999
<br />Total Liabilities 929,510 (1,089,408) - 1,264,745 754,173
<br />CONTINGENCIES
<br />EQUITY:
<br />Common stock 900 (900) 900 - 900
<br />Additional paid-in capital 3,435,000 (1,400,000) - 1,400,000 3,435,000
<br />Accumulated deficit and members' deficit (1,313,730) - - (932,613) (381,117)
<br />Total Equity 2,122,170 (1,400,900) 900 467,387 3,054,783
<br />TOTAL LIABILITIES AND EQUITY 3,051,680$ (2,490,308)$ 900$ 1,732,132$ 3,808,956$
<br />LIABILITIES AND EQUITY
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