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<br />TENEX ENTERPRISES, INC. <br />BALANCE SHEET <br />AS OF DECEMBER 31, 2009 <br /> <br />Current Assets: <br />Cash <br />Contract receivables <br />Prepaid expenses <br />Costs and estimated earnings in excess of billings 011 <br />Uncompleted contracts <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 />Total Current Assets <br /> <br />ASSETS <br /> <br />$ 408,272 <br /> 2,383,267 <br /> 91,786 <br /> 202,735 <br /> $ 3,086,060 <br /> 1,173,827 <br /> (593,548) <br /> <br />580,279 <br /> <br />207,741 <br /> <br />$ <br /> <br />3,874,080 <br /> <br />LIABILITIES AND STOCKHOLDERS EQUITY <br /> <br />Current Liabilites: <br />Credit line payable <br />Current portion of long- term 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 />Long term Liabilities <br /> <br />Long-term Debt, net of cun'ent portion: <br />Deferred income taxes <br /> <br />Total Long term Liabilities <br /> <br />Stockholders Equity: <br />Common stock-$I.OO par value, <br />500 shares authorized, issued and outstanding <br />Retained Earnings <br /> <br />Total Stockholders Equity <br /> <br />Total Liabilities and Stockholders Equity <br /> <br /> 0 <br />$ 86,999 <br /> 1,663,599 <br /> 4,752 <br /> 406,856 <br /> 0 <br /> $ 2,162,206 <br /> 34,351 <br /> 109,920 <br /> 144,271 <br /> 500 <br /> 1,567,103 <br /> 1,567,603 <br /> $ 3,874,080 <br /> <br />See accompanying notes to financial statements <br />