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<br />Metric Engineering, Inc. and Subsidiary
<br />
<br />Consolidated Balance Sheet NOT FOR PUBLIC INSPECTIO;'\l! DO ;'\lOT COpy
<br />This financial statement is private and exempt from public
<br />June 30, 2008 inspection. or copying of public records pursuant to Florida
<br />Statutes 119.071 (I) (c).
<br />
<br />ASSETS
<br />Current Assets
<br />Cash and cash equivalents $ 1,038,011
<br />Net contracts and retainages receivable 10,002,283
<br />Cost and estimated earnings in excess of billings 1,230,489
<br />Receivable from employees 161,818
<br />Short-term deferred tax asset 1,020,743
<br />Total Current Assets 13,453,344
<br />Certificate of Deposit 88,584
<br />Property and Equipment - net of depreciation 999,821
<br />Other Assets
<br />Goodwill 399,000
<br />Intangible software costs - net 182,183
<br />Prepaid expenses and security deposits 330,784
<br />Cash surrender value 355,956
<br />Total Other Assets 1,267,923
<br />Total Assets $ 15,809,672
<br />
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />
<br />Current Liabilities
<br />Line of credit
<br />Notes payable - current portion
<br />Accounts payable
<br />Accrued expenses
<br />Income taxes payable
<br />Short-term deferred tax liability
<br />Total Current Liabilities
<br />
<br />$
<br />
<br />620,000
<br />134,735
<br />2,025,005
<br />1,004,271
<br />11,159
<br />4,417,575
<br />8,212,745
<br />
<br />266,667
<br />
<br />8,479,412
<br />
<br />Notes payable
<br />Total Liabilities
<br />
<br />Stockholders' Equity
<br />Common stock, $10 par value, 100 shares authorized,
<br />issued and outstanding
<br />Capital contributed in excess of par value
<br />Treasury stock
<br />Retained earnings
<br />
<br />Total Stockholders' Equity
<br />
<br />Total Liabilities and Stockholders' Equity
<br />
<br />1,000
<br />10,600
<br />(192,000)
<br />7,510,660
<br />7,330,260
<br />
<br />15,809,672
<br />
<br />$
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<br />Read the independent accountants' compilation report and the notes to the financial statements.
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