|
<br />Corzo Castella Carballo Thompson Salman, P.A.
<br /> Balance Sheets
<br /> December 31,
<br /> 2008 2007
<br />ASSETS
<br />Current assets
<br />Cash $ 142,613 $ 146,104
<br />Accounts receivable, net of allowance of$120,945
<br />in 2008 and $116,600 in 2007 4,668,480 5,076,492
<br />Work in process 318,214 244,940
<br />Employee advances 27,229 9,590
<br />Stockholders' loans 83,110 74,720
<br />Prepaid expenses 182,554 136,671
<br />Total current assets 5,422,200 5,688,517
<br />Property and equipment, less accumulated depreciation
<br />of$1,141,007 in 2008 and $961,299 in 2007 863,597 753,084
<br />Other assets 563, 198 456,476
<br /> $ 6,848,995 $ 6,898,077
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />Current liabilities
<br />Current portion oflong-tenn debt $ 1,115,831 $ 1,339,702
<br />Accounts payable 2,373,286 1,708,911
<br />Deferred revenues 409,139
<br />Retainers received 10,705 6,970
<br />Accrued expenses and other 682,884 718,092
<br />Total current liabilities 4,182,706 4,182,814
<br />Long-term debt, less current portion above 441,881 418,851
<br />Total liabilities 4,624,587 4,601,665
<br />Stockholders' equity
<br />Common stock, $.001 par, 600,000 shares authorized,
<br />529,746 issued and outstanding 600 600
<br />Paid in capital 62,188 62,188
<br />Retained earnings 2,554,845 2,732,631
<br />Balance 2,617,633 2,795,419
<br />Less - 70,254 shares of treasury stock, at cost (393,225) (499,007)
<br />Total stoclcholders' equity 2,224,408 2,296,412
<br /> $ 6,848,995 $ 6,898,077
<br />
<br />Attention is directed to accountants' compilation report.
<br />
|