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Craig A. Smith & Associates, Inc. and MPS3D, LLC
<br />Combined Balance Sheets
<br />Liabilities and Stockholders' Equitv
<br />103,135
<br />240,723
<br />Lease Obligation Payable
<br />December 31,
<br />December 31,
<br />Current Liabilities:
<br />2014
<br />2013
<br />Accounts Payable
<br />$ 131,942
<br />$ 172,040
<br />Accrued Compensation & Related Taxes
<br />36,659
<br />32,231
<br />Accrued Expenses & Interest
<br />196,588
<br />83,211
<br />Line of Credit
<br />270,000
<br />299,981
<br />Deferred Rent
<br />12,958
<br />10,168
<br />Note Payable - Officers & Related Parties
<br />87,587
<br />185,000
<br />Note Payable Bank
<br />137,589
<br />129,327
<br />Lease Obligation Payable
<br />31,744
<br />23,717
<br />Total Current Liabilities
<br />905,067
<br />935,675
<br />Long Term Liabilities:
<br />Note Payable Bank
<br />103,135
<br />240,723
<br />Lease Obligation Payable
<br />58,616
<br />52,202
<br />Deferred Rent
<br />69,346
<br />39,779
<br />Total Long Term Liabilities
<br />231,097
<br />332,704
<br />Total Liabilities
<br />1,136,164
<br />1,268,379
<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 (Deficit)
<br />302,671
<br />(51,303)
<br />Subtotal Stockholders' Equity
<br />963,446
<br />609,472
<br />Less: Treasury Stock, at cost (4 shares at $187,500 per share)
<br />(750,000)
<br />(750,000)
<br />Total Stockholders' Equity (Deficit)
<br />213,446
<br />(140,528)
<br />Total Liabilities and Stockholders' Equity
<br />$ 1,349,610
<br />$ 1,127,851
<br />See accompanying notes to combined financial statements and accountant's review report
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