|
Craig A. Smith & Associates, Inc. and MPS3D, LLC
<br />Combined Balance Sheets
<br />Liabilities and Stockholders' Equity
<br />-
<br />54,060
<br />Lease Obligation Payable - long term
<br />December 31,
<br />December 31,
<br />Current Liabilities:
<br />2016
<br />2015
<br />Accounts Payable
<br />158,002
<br />44,883
<br />Accrued Compensation & Related Taxes
<br />104,212
<br />91,058
<br />Accrued Expenses & Interest
<br />216,102
<br />259,551
<br />Line of Credit
<br />-
<br />120,000
<br />Deferred Rent - current portion
<br />24,853
<br />49,447
<br />Note Payable - current portion
<br />-
<br />49,075
<br />Lease Obligation Payable - current portion
<br />71,384
<br />41,887
<br />Total Current Liabilities
<br />574,553
<br />655,901
<br />Long Term Liabilities:
<br />Note Payable Bank - long term
<br />-
<br />54,060
<br />Lease Obligation Payable - long term
<br />96,458
<br />56,319
<br />Deferred Rent - long term
<br />24,594
<br />19,989
<br />Total Long Term Liabilities
<br />121,052
<br />130,368
<br />Total Liabilities
<br />695,605
<br />786,269
<br />Stockholders' Equity and Members' Deficit:
<br />Common Shares ($1.00 par value, 1,000 shares
<br />authorized, 1,000 shares issued and outstanding)
<br />1,000
<br />1,000
<br />Additional Paid In Capital
<br />659,775
<br />659,775
<br />Retained Earnings and Members' Deficit
<br />1,350,062
<br />1,166,637
<br />Subtotal Stockholders' Equity and Members' Deficit
<br />2,010,837
<br />1,827,412
<br />Less: Treasury Stock, at cost (4 shares at $187,500 per share)
<br />(750,000)
<br />(750,000)
<br />Total Stockholders' Equity and Members' Deficit
<br />1,260,837
<br />1,077,412
<br />Total Liabilities, Stockholders' Equity and Members' Deficit
<br />$ 1,956,442
<br />$ 1,863,681
<br />See accompanying notes to combined financial statements and accountant's review report
<br />-2-
<br />38
<br />
|