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<br />
<br />LIABILITIES AND STOCKHOLDERS' EQUITY.
<br />
<br />CURRENT LIABILITIES:
<br />Line of credit
<br />Current maturities of long-term debt
<br />Accounts payable
<br />Accrued expenses
<br />Deferred income taxes
<br />
<br /> 2008 2007
<br />(Consolidated) (Unconsolidated)
<br />$ 3,624,873 $ 4,501,760
<br /> 766,078 921,476
<br /> 161,811 246,409
<br /> 3,939,050 4,442,005
<br /> 6,507,000 6,921,700
<br /> 14,998,812 17,033,350
<br /> 3,119,393 3,494,068
<br /> 250,000
<br />
<br />TOTAL CURRENT LIABILITIES
<br />
<br />LONG-TERM DEBT
<br />
<br />DEFERRED INCOME TAXES
<br />
<br />COMMITMENTS
<br />
<br />STOCKHOLDERS' EQUITY:
<br />Common stock - $.10 par value; 100,000
<br />shares authorized
<br />Additional paid-in capital
<br />Retained earnings
<br />
<br /> 5,511 4,843
<br /> 8,046,635 5,191,812
<br /> 3,578,328 3,641,437
<br /> 11,630,474 8,838,092
<br />$ 29,998,679 $ 29,365,510
<br />
<br />TOTAL STOCKHOLDERS' EQUITY
<br />
<br />See independent accountant I s review report
<br />and notes to financial statements.
<br />
<br />2
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