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<br />Metric Engineering, Inc. and Subsidiaries
<br />Consolidated Balance Sheet
<br />June 30. 2009
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<br />NOT FOR PUBLIC I;'\lSPECTION / DO NOT COPY
<br />This financial statement is private and exempt from public
<br />inspection, or copying of public records pursuant to Florida
<br />Statutes 119.071 (I)(c).
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<br />ASSETS
<br />Current Assets
<br />Cash and cash equivalents $ 1,029,891
<br />Net contracts and retainages receivable 11,489,909
<br />Cost and estimated earnings in excess of billings 1,058,465
<br />Receivable from employees and related parties 214,736
<br />Short-term deferred tax asset 773,897
<br />Total Current Assets 14,566,898
<br />Certificate of Deposit 500,000
<br />Property and Equipment - net of depreciation 842,074
<br />Other Assets
<br />Goodwill 512,334
<br />Intangible software costs - net 153,452
<br />Prepaid expenses 314,551
<br />Cash surrender value oflife insurance policies 314,376
<br />Security deposits 93,277
<br />Total Other Assets 1,387,990
<br />Total Assets $ 17,296,962
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<br />LIABILITIES AND STOCKHOLDERS' EQUllY
<br />
<br />Current Liabilities
<br />Line of credit
<br />Notes payable - current portion
<br />Accounts payable
<br />Accrued expenses
<br />Short-term deferred tax liability
<br />Total Current Liabilities
<br />
<br />$
<br />
<br />950,000
<br />162,452
<br />1,199,120
<br />854,556
<br />5,049,309
<br />8,215,437
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<br />Note Payable
<br />Total Liabilities
<br />
<br />175,437
<br />8,390,874
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<br />Minority Interest in Consolidated Subsidiary
<br />
<br />99,546
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<br />Stockholders' Equity
<br />Common stock, $10 par value, 100 shares authorized,
<br />issued and outstanding
<br />Capital contributed in excess of par value
<br />Treasury stock
<br />Retained earnings
<br />Total Stockholders' Equity
<br />
<br />1,000
<br />10,600
<br />(192,000)
<br />8,986,942
<br />8,806,542
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<br />Total Liabilities and Stockholders' Equity
<br />
<br />$
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<br />17,296,962
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<br />Read the independent accountants' review report and the notes to the financial statements.
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