|
I
<br /> q,1 +w
<br /> r;:
<br /> ISOTECENCLOGIFS, INC. AND SUBSIDIARY
<br /> 4` BALANCE SE
<br /> DECEMBER 31, 1985
<br /> INCREASE
<br /> ASSETS
<br /> DECEMBER 31, 1985 JUNE 30, 1985 (DECREASE)
<br /> Current Assets:
<br /> Cash $509,946 $ 94,684 $415,262
<br /> Accounts Receivable 152,766 87,546 65,220
<br /> Inventories 100,831 124,011 (23,180)
<br /> Prepayments 6,083 7,183
<br /> (1,100)
<br /> Deposits
<br /> 750 750 -0-
<br /> Total current assets $770,376 $314,174 $456,202
<br /> 1 Plant, 'Property and Equipment -
<br /> (net)
<br /> 222,684 24. 2,727 (20,043)
<br /> Total assets $993,060 $556,901 $436,159
<br /> LIABILITIES
<br /> Current Liabilities:
<br /> Notes Payable $ -0- $436,000 $(436,000)
<br />' Current Maturities of
<br />• Lang-Term Debt 40,161 40,181 s (20)
<br /> Accounts Payable 64,796 68,462
<br /> Customers' Advances (3,666)
<br /> 104,835 41,250 63,585
<br /> Accrued Expenses:
<br /> Legal & Accounting 8,100 12,512 (4,412)
<br /> Warranty 30,411 41,500 (11,089)
<br /> Revenue Sharing 39,000 25,274 13,726
<br /> Commissions 61,023 17,409 43,614
<br /> Payroll, Payroll Taxes
<br /> and Other 80,281 55,589 24,692
<br /> Total current liabilities $428,607 $738,177 $(309,570)
<br /> •
<br />
|