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<br /> CROWDERGULF, LLC
<br /> BALANCE SHEETS
<br /> DECEMBER 31, 2017 AND 2016
<br /> IASSETS
<br /> 2017 2016
<br /> ICURRENT ASSETS
<br /> Cash and cash equivalents $ 3,713,012I � 6,090,390
<br /> Trade receivables 139,942,262 \61,888,325
<br /> Related party receivables 225,95 �2 16?70
<br /> Notes receivable, current portion 408,36-� 443,708
<br /> I Prepaid insurance
<br /> Deposits /> 12 28,677, 711 12,771
<br /> Total current assetsI
<br /> T 4,302,3 63\ 68,680,641
<br /> OTHER ASSETS
<br /> Notes receivable, long term 278;950 34,279
<br /> IRestricted cash 472,338 324,804
<br /> Total other assets 751,288 359,083
<br /> IPROPERTY AND EQUIPMENT
<br /> Land 50,000 50,000
<br /> Building and improvements 341,624 341,624
<br /> IEquipment and machineryQ48,084,097 2,986,040
<br /> Construction in progress - 300,089
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<br /> 8,475,721 3,677,753
<br /> Less: accumulated depreciation
<br /> (3,204,874) (2,893,269)
<br /> I Property and equipment, nets 5,270,847 784,484
<br /> TOTAL ASSETS $ 150,324,498 $ 69,824,208
<br /> I -1ABILITIES AND MEMBERS' CAPITAL
<br /> CURRENT LIABILITIES
<br /> IAccourit�p\ayable J $ 13,060,762 $ 5,638,739
<br /> Su`b-contractorainage 15,482,664 4,310,039
<br /> ICAccrued\e;penses 6,413,230 2,477,474
<br /> Line of cr dit 51,700,000 12,750,000
<br /> Ne-payable, related party - 5,000,000
<br /> ITotal current liabilities 86,656,656 30,176,252
<br /> MEMBERS' CAPITAL 63,667,842 39,647,956
<br /> 1 TOTAL LIABILITIES AND MEMBERS' CAPITAL $ 150,324,498 $ 69,824,208
<br /> ISee notes to the financial statements.
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