|
<br />CONQUEST ENGINEERING GROUP COlvIPANY
<br />BALANCE SHEETS
<br />DECEMBER 31,
<br />
<br />ASSETS 2007 2006
<br />CURRENT ASSETS
<br />Cash $ 647,183 $ 677,165
<br />Contracts receivable 2,886,783 2,736,318
<br />Costs and estimated earnings in excess of billings
<br />on uncompleted contracts 488,697 24,187
<br />Total current assets 4,022,663 3,437,670
<br />PROPERTY AND EQUIPMENT -:- NET 1,180,940 755,415
<br />DUE FROM AFFILIATE 79,130
<br />., .-...--.--. ..-. -..-----.... . . - ... .__. -.... .-- ._-_._....
<br />OTHER ASSETS 4,239 4,980
<br /> $ 5,207,842 $ 4,277,195
<br />
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />CURRENT LIABILITIES
<br />Cwrent portion of long-term debt $ 280,136 $ 166,104
<br />Accounts payable - trade 1,686,740 970,182
<br />Accrued expenses 15,561 8,138
<br />Billings in excess of costs and estimated earnings
<br />on uncompleted contracts 330,037 709,078
<br />Total cwrent liabilities 2,312,474 1,853,502
<br />LONG - TERM DEBT 588,015 400,491
<br />DUETOSTOCKlIOLDERS 403,385 772,295
<br />STOCKHOLDERS' EQUITY
<br />Common stock ~ 100 shares of $1 par value
<br />authorized, issued and outstandinR 100 100
<br />Paid-in capital in excess of par 513,010 100,000
<br />Retained earnings 1,390,858 1,150,807
<br /> 1,903,968 1,250,907
<br /> $ 5,207,842 $ 4,277,195
<br />
<br />Read Accountants' Review Report
<br />
<br />The accompanying notes are an integral part of this statement
<br />3
<br />
|