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<br />TENEX ENTERPRISES, INC. <br />BALANCE SHEET <br />FOR THE SIX MONTHS ENDED JUNE 30, 2007 <br /> <br />ASSETS <br /> <br />Current Assets: <br />Cash <br />Contract receivables <br />Prepaid Insurance <br />Costs and estimated earnings in excess of billings on <br />Uncompleted contracts <br /> <br />Total Current Assets <br /> <br />$ 158,740 <br /> 2,025,524 <br /> 19,170 <br /> 275,000 <br /> $ 2,478,434 <br /> 900,781 <br /> (474,541) <br /> 426,240 <br /> 207,741 <br /> $ 3,112,4l5 <br /> <br />Total Current Assets <br /> <br />Property and Equipment: <br />Furniture, fixtures, and equipment <br />Accumulated depreciation <br /> <br />Other Assets: <br />Note receivable-officer <br /> <br />LIABILITIES AND STOCKHOLDERS EQUITY <br /> <br />Current Liabilites: <br />CulTent portion of long- tel111 debt <br />Accounts payable & accrued expenses <br />Income tax payable <br />Deferred income taxes <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts <br /> <br />Total Current Liabilities <br /> <br />$ 21,550 <br /> 1,169,102 <br /> 49,400 <br /> 473,970 <br /> 0 <br /> $ 1,714,022 <br /> 19,607 <br /> 500 <br /> 1,378,286 <br /> 1,378,786 <br /> $ 3,1 l2,415 <br /> <br />Long-term Debt, net of current portion: <br /> <br />Stockholders Equity: <br />ConU110n stock-$1.00 par value, <br />500 shares authu-ized, issued and outstanding <br />Retained Earnings <br /> <br />Total Stockholders Equity <br /> <br />Total Liabilities and Stockholders Equity <br /> <br />See accompanying notes and accountants report <br />