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<br />
<br />BERMELLO, AJAMIL & PARTNERS, INC.
<br />
<br />BALA.."NCE SHEETS
<br />DECEMBER 31,
<br />
<br />ASSETS
<br />
<br />2005
<br />
<br />20M
<br />
<br />CURRENT ASSETS
<br />Contract receivables, net
<br />Other receivables
<br />Costs and estimated earnings in excess
<br />of billings on uncompleted contracts
<br />Due from stockholders
<br />Other current assets
<br />
<br />TOTAL ClJRRENT ASSETS
<br />PROPERTY AND EQUIPMENT, net
<br />DUE FROM RELATED PARTIES
<br />OTHER ASSETS
<br />
<br />TOTAL ASSETS
<br />
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />
<br />$ 12,539,752 $ 9,548,437
<br /> 3,000 1,700
<br /> 429,755 595,784
<br /> 60,000 60,000
<br /> 263.891 111.929
<br /> 13,296,398 10,317,850
<br /> 860,402 663,162
<br /> 2,928,950 3,419,349
<br /> ] 22,959 210.953
<br />$ 17.208.709 $ 14.611.314
<br />
<br />CURRENT LIABILITIES
<br />Current maturities of obligations under capital leases
<br />Current portion of long-term debt
<br />Line of credit
<br />Accounts payable and accrued expenses '
<br />Billings in excess of costs and estimated
<br />earnings on uncompleted contracts
<br />Provision for losses on contracts
<br />
<br />TOTAL CURRENT LIABllrrIES
<br />
<br />OBLIGATIONS UNDER CAPITAL LEASES, less current portion
<br />LONG-TERM DEBT, less current portion
<br />
<br />DUE TO RELATED PARTIES
<br />COMMITMENTS AND CONTmGENCIES (NOTE 10)
<br />STOCKHOLDERS' EQUITY
<br />TOTAL UABILD'ruS AND STOCK1-{OLDERS' EQUITY
<br />
<br />The accompanying notes arc an. integral p:1rt of these financial stat~ments.
<br />
<br />-2-
<br />
<br />$ 37,401 $ 44,830
<br /> 7,661 127,210
<br /> 999,951 2,254,951
<br /> 6,338,816 5,458,032
<br /> 2,997,433 1,329,330
<br /> 220,000 ---120.000
<br /> ]0,601,262 9,434,353
<br /> 37,401
<br /> 7.130 15,049
<br /> 255,741 255,741
<br />
<br />_~44.576
<br />
<br />4,868,770
<br />
<br />$ 17,20R,1Q..2.
<br />
<br />5. ]4.61]..314
<br />
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