|
|
|
|
|
|
|
Dec 31, 2008 |
Dec 31, 2009 |
May 31, 2010 |
| ASSETS |
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Checking Account |
14,115 |
2,318 |
47,440 |
|
|
|
Money Market |
23,372 |
20,387 |
13,387 |
|
|
Total Checking/Savings |
37,487 |
22,705 |
60,827 |
|
|
|
|
|
|
|
|
|
|
Accounts Receivable * |
8,968 |
11,355 |
6,324 |
|
|
|
|
|
|
|
|
|
|
Inventory Asset |
19,449 |
19,449 |
19,449 |
|
Total Current Assets |
65,904 |
53,510 |
86,600 |
| TOTAL ASSETS |
$65,904 |
$53,510 |
$86,600 |
| LIABILITIES & EQUITY |
|
|
|
|
Liabilities |
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
Accounts Payable |
5,726 |
-65 |
959 |
|
|
|
Security Deposits Held |
|
|
9,909 |
|
|
|
COS Loan - cash on hand |
|
|
36,060 |
|
|
|
Payroll Liabilities |
|
|
6,424 |
|
|
|
Other Current Liabilities |
12,519 |
14,913 |
137 |
|
|
Total Current Liabilities |
18,245 |
14,848 |
53,489 |
|
|
|
|
|
|
|
|
|
|
COS Loan - Building Rehab |
|
|
60,000 |
|
|
|
|
|
|
|
|
|
|
Total Long Term Liabilities |
|
|
60,000 |
|
Total Liabilities |
$18,245 |
$14,848 |
$113,489 |
|
Equity |
|
|
|
|
|
|
Opening Bal Equity |
54,754 |
54,754 |
-7,559 |
|
|
Retained Earnings |
-10,016 |
-7,094 |
-16,028 |
|
|
Net Income |
2,921 |
-8,998 |
-3,302 |
|
Total Equity ** |
47,659 |
38,661 |
-26,889 |
| TOTAL LIABILITIES & EQUITY |
$65,904 |
$53,510 |
$86,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| * Old accounts receivables totaling $2,313 removed from books during May. |
|
| ** Excluding the Corp. of Shepherdstown loan, HSC has total equity of $33,111. |
|
|
