BALANCE SHEET

$ Change from % Change from

12/31/2014 12/31/2015 2014 to 2015 2014 to 2015
ASSETS:
Current Assets:
Cash and cash equivalents $ 400,000 $ 601,000 $ 201,000 50%
Short-term investments $ 900,000 $ 899,000 $ (1,000) 0%
Accounts receivable $ 180,000 $ 230,000 $ 50,000 28%

Assets
Inventory
Total Current Assets
$
$
20,000
1,500,000
$
$
45,000
1,775,000
$
$
25,000
275,000
125%
18%

=
Long Term Assets:
depreciation
Land
$
$
100,000
15,000
$
$
95,000
25,000
$
$
(5,000)
10,000
-5%
67%
Machine $ - $ 50,000 $ 50,000 N/A
Total Long Term Assets $ 115,000 $ 170,000 $ 55,000 48%
Total Assets $ 1,615,000 $ 1,945,000 $ 330,000 20%

LIABILITIES & EQUITY:

Current Liabilities:
Accounts payable $ 30,000 $ 35,000 $ 5,000 17%

Liabilities
Short-term debt
Total Current Liabilities
$
$
100,000
130,000
$
$
90,000
125,000
$
$
(10,000)
(5,000)
-10%
-4%

+Long Term Liabilities:

Long-term debt $ 1,000,000 $ 900,000 $ (100,000) -10%

Equity
Total Liabilities

Equity:
$ 1,130,000 $ 1,025,000 $ (105,000) -9%

Retained Earnings $ 470,000 $ 845,000 $ 375,000 80%

Common Shares $ 15,000 $ 75,000 $ 60,000 400%
Total Equity $ 485,000 $ 920,000 $ 435,000 90%
Total Liabilities and Equity $ 1,615,000 $ 1,945,000 $ 330,000 20%

Does Assets = Liabilities + Equity? Yes the Yes the balance

balance sheet sheet balances.
balances.
BALANCE SHEET
$ Change from % Change from
12/31/2014 12/31/2015 2014 to 2015 2014 to 2015
ASSETS:
Current Assets:
Cash and cash equivalents $ 400,000 $ 600,000 $ 200,000 50%
Short-term investments $ 900,000 $ 900,000 $ - 0%
Accounts receivable $ 180,000 $ 230,000 $ 50,000 28%
Inventory $ 20,000 $ 45,000 $ 25,000 125%
Total Current Assets $ 1,500,000 $ 1,775,000 $ 275,000 18%

Long Term Assets:

depreciation $ 100,000 $ 95,000 $ (5,000) -5%
Land $ 15,000 $ 25,000 $ 10,000 67%
Machine $ - $ 50,000 $ 50,000 N/A
Total Long Term Assets $ 115,000 $ 170,000 $ 55,000 48%
Total Assets $ 1,615,000 $ 1,945,000 $ 330,000 20%

LIABILITIES & EQUITY:

Current Liabilities:
Accounts payable $ 30,000 $ 35,000 $ 5,000 17%
Short-term debt $ 100,000 $ 89,250 $ (10,750) -11%
Total Current Liabilities $ 130,000 $ 124,250 $ (5,750) -4%

Long Term Liabilities:

Long-term debt $ 1,000,000 $ 900,000 $ (100,000) -10%
Total Liabilities $ 1,130,000 $ 1,024,250 $ (105,750) -9%

Equity:
Retained Earnings $ 470,000 $ 845,750 $ 375,750 80%
Common Shares $ 15,000 $ 75,000 $ 60,000 400%
Total Equity $ 485,000 $ 920,750 $ 435,750 90%
Total Liabilities and Equity $ 1,615,000 $ 1,945,000 $ 330,000 20%

Does Assets = Liabilities + Equity? Yes the Yes the balance

balance sheet sheet balances.
balances.
BALANCE SHEET
$ Change from % Change from
12/31/2014 12/31/2015 2014 to 2015 2014 to 2015
ASSETS:
Current Assets:
Cash and cash equivalents $ 400,000 $ 601,000 $ 201,000 50%
Short-term investments $ 900,000 $ 899,000 $ (1,000) 0%
Accounts receivable $ 180,000 $ 230,000 $ 50,000 28%
Inventory $ 20,000 $ 45,000 $ 25,000 125%
Total Current Assets $ 1,500,000 $ 1,775,000 $ 275,000 18%

Long Term Assets:

depreciation $ 100,000 $ 95,000 $ (5,000) -5%
Land $ 15,000 $ 25,000 $ 10,000 67%
Machine $ - $ 50,000 $ 50,000 N/A
Total Long Term Assets $ 115,000 $ 170,000 $ 55,000 48%
Total Assets $ 1,615,000 $ 1,945,000 $ 330,000 20%

LIABILITIES & EQUITY:

Current Liabilities:
Accounts payable $ 30,000 $ 35,000 $ 5,000 17%
Short-term debt $ 100,000 $ 90,000 $ (10,000) -10%
Total Current Liabilities $ 130,000 $ 125,000 $ (5,000) -4%

Long Term Liabilities:

Long-term debt $ 1,000,000 $ 900,000 $ (100,000) -10%
Total Liabilities $ 1,130,000 $ 1,025,000 $ (105,000) -9%

Equity:
Retained Earnings $ 470,000 $ 845,000 $ 375,000 80%
Common Shares $ 15,000 $ 75,000 $ 60,000 400%
Total Equity $ 485,000 $ 920,000 $ 435,000 90%
Total Liabilities and Equity $ 1,615,000 $ 1,945,000 $ 330,000 20%

Does Assets = Liabilities + Equity? Yes the Yes the balance

balance sheet sheet balances.
balances.