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ERNEST ENERGY, INC. AND SUBSIDIARIES
<br />SUPPLEMENTARY INFORMATION
<br />CONSOLIDATING BALANCE SHEET
<br />DECEMBER 31, 2023
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<br />See independent accountants’ review report on supplementary information.
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<br />Consolidated Eliminations Ernest Energy, Inc. Electrik Pros, LLC Airsmith Pros, Inc. HMO Energy, Inc.
<br />CURRENT ASSETS:
<br />Cash 3,362,708$ 0$ 2,658,697$ 551,908$ 7,555$ 144,548$
<br />Contract receivables 1,716,457 0 0 1,716,457 0 0
<br />Contract assets, including conditional retainage of $210,116 603,581 0 0 603,581 0 0
<br />Other receivables 87,734 0 19,460 68,274 0 0
<br />Inventories 131,617 0 0 131,617 0 0
<br />Intercompany receivables 0 (1,897,482) 1,536,689 360,793 0 0
<br />Prepaid expenses and other current assets 166,387 0 94,677 71,710 0 0
<br />Investment in subsidiary Electric Pros, LLC 0 (1,400,000) 1,400,000 0 0 0
<br />Total Current Assets 6,068,484 (3,297,482) 5,709,523 3,504,340 7,555 144,548
<br />PROPERTY AND EQUIPMENT, NET 17,126 0 0 17,126 0 0
<br />OTHER ASSETS:
<br />Goodwill, net 701,767 0 0 701,767 0 0
<br />Other intangible assets, net 133,994 0 0 133,994 0 0
<br />Research and development, net 295,149 0 295,149 0 0 0
<br />Security deposits 6,221 0 0 6,221 0 0
<br />Deferred tax asset 241,723 0 241,723 0 0 0
<br />Total Other Assets 1,378,854 0 536,872 841,982 0 0
<br />TOTAL ASSETS 7,464,464$ (3,297,482)$ 6,246,395$ 4,363,448$ 7,555$ 144,548$
<br />ASSETS
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