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Craig A. Smith & Associates, Inc. and MPS3D, LLC
<br />Combined Balance Sheets
<br />Liabilities and Stockholders' Equity
<br />54,060
<br />103,135
<br />Lease Obligation Payable -long term
<br />December 31,
<br />December 31,
<br />Current Liabilities:
<br />2015
<br />2014
<br />Accounts Payable
<br />$ 44,883
<br />$ 131,942
<br />Accrued Compensation & Related Taxes
<br />91,058
<br />36,659
<br />Accrued Expenses and Interest
<br />259,551
<br />196,588
<br />Line of Credit
<br />120,000
<br />270,000
<br />Deferred Rent -current portion
<br />49,447
<br />12,958
<br />Note Payable - Officers & Related Parties
<br />-
<br />87,587
<br />Notes Payable -current portion
<br />49,075
<br />137,589
<br />Lease Obligation Payable -current portion
<br />41,887
<br />31,744
<br />Total Current Liabilities
<br />655,901
<br />905,067
<br />Long Term Liabilities:
<br />Note Payable Bank -long term
<br />54,060
<br />103,135
<br />Lease Obligation Payable -long term
<br />56,319
<br />58,616
<br />Deferred Rent -long term
<br />19,989
<br />69,346
<br />Total Long Term Liabilities
<br />130,368
<br />231,097
<br />Total Liabilities
<br />786,269
<br />1,136,164
<br />Stockholders' Equity:
<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
<br />1,166,637
<br />302,671
<br />Subtotal Stockholders' Equity
<br />1,827,412
<br />963,446
<br />Less: Treasury Stock, at cost (4 shares at $187,500 per share)
<br />(750,000)
<br />(750,000)
<br />Total Stockholders' Equity
<br />1,077,412
<br />213,446
<br />Total Liabilities and Stockholders' Equity
<br />$ 1,863,681
<br />$ 1,349,610
<br />See accompanying notes to combined financial statements and accountant's review report
<br />Spa
<br />52
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