10:00 AM 09/03/09 Accrual Basis | B2 Digital dba Hotel Movie Network Balance Sheet As of September 3, 2009 |
Sep 3, 09 | ||||
ASSETS | ||||
Current Assets | ||||
Checking/Savings | ||||
American Express | -2,764.11 | |||
Bank Non-Cash Deposit Correctio | -15.09 | |||
C3D Bank Account | 1,623.00 | |||
Checking at Bank of America | 552.60 | |||
Coast Communications | -172.90 | |||
credit card | 458.10 | |||
eagle west loan | -4,611.35 | |||
Loan Payable to EWP | -7,610.17 | |||
Office Petty Cash Account | 43.97 | |||
Paul's Discover | -404.90 | |||
Total Checking/Savings | -12,900.85 | |||
Accounts Receivable | ||||
Accounts Receivable | 291,693.83 | |||
Total Accounts Receivable | 291,693.83 | |||
Other Current Assets | ||||
Bad Debt Allowance | -218,655.35 | |||
Employee Advances | -33.00 | |||
Inventory Asset | 2,327,272.82 | |||
Inventory Asset Valuation Allow | -2,041,028.65 | |||
Loan to ..... | 24,546.55 | |||
Total Other Current Assets | 92,102.37 | |||
Total Current Assets | 370,895.35 | |||
Fixed Assets | ||||
Accum. Deprec. E & M | -918,252.23 | |||
Equipment & Machinery | 357,282.06 | |||
Field Test Equipment | ||||
Equipment-Other | 1,103.12 | |||
FTG | 23,939.97 | |||
PPV | 9,865.69 | |||
Field Test Equipment - Other | 2,214.00 | |||
Total Field Test Equipment | 37,122.78 | |||
Leasehold Improvements | 29,485.46 | |||
Office Equipment | ||||
Bench Test Equipment | 1,248.77 | |||
Computer | 16,058.54 | |||
Office Equipment - Other | 6,791.64 | |||
Total Office Equipment | 24,098.95 | |||
Office Furniture | 1,367.00 | |||
Total Fixed Assets | -468,895.98 | |||
Other Assets |
10:00 AM 09/03/09 Accrual Basis | B2 Digital dba Hotel Movie Network Balance Sheet As of September 3, 2009 |
Sep 3, 09 | ||||
Hotel Movie Express Equipment | 470,163.30 | |||
Total Other Assets | 470,163.30 | |||
TOTAL ASSETS | 372,162.67 | |||
LIABILITIES & EQUITY | ||||
Liabilities | ||||
Current Liabilities | ||||
Accounts Payable | ||||
Accounts Payable | 29,365.29 | |||
Total Accounts Payable | 29,365.29 | |||
Credit Cards | ||||
American Express Business Gold | -623.85 | |||
Total Credit Cards | -623.85 | |||
Other Current Liabilities | ||||
Customeer Deposit | 629.74 | |||
Ernerst McKay | 50,000.00 | |||
Paul LaBarre | 49,350.00 | |||
Retainers | 1,125.77 | |||
Total Other Current Liabilities | 101,105.51 | |||
Total Current Liabilities | 129,846.95 | |||
Long Term Liabilities | ||||
Free To Guest Deposit Account | 7,588.70 | |||
Total Long Term Liabilities | 7,588.70 | |||
Total Liabilities | 137,435.65 | |||
Equity | ||||
Common Stock | 25,000.00 | |||
Inventory Allowance | -220.62 | |||
Paid in capital | 1,873,072.00 | |||
Retained Earnings | -1,659,688.23 | |||
Net Income | -3,436.13 | |||
Total Equity | 234,727.02 | |||
TOTAL LIABILITIES & EQUITY | 372,162.67 |
10:17 AM 09/03/09 Accrual Basis | B2 Digital dba Hotel Movie Network Profit & Loss April 2008 through March 2009 |
Apr '08 - Mar 09 | ||||
Ordinary Income/Expense | ||||
Income | ||||
Sales | ||||
Free To Guest | ||||
Directv Commisions | 6,520.62 | |||
FTG Adjustment | -1,200.00 | |||
Free To Guest - Other | 113,076.12 | |||
Total Free To Guest | 118,396.74 | |||
�� Sales - Other | 32,876.75 | |||
Total Sales | 151,273.49 | |||
Total Income | 151,273.49 | |||
Cost of Goods Sold | ||||
Cost of Goods Sold | 1,409.77 | |||
Progrming Fees | ||||
FTG Fees | 90,005.78 | |||
Progrming Fees - Other | 1,636.14 | |||
Total Progrming Fees | 91,641.92 | |||
Sales Adjustments | 600.00 | |||
Total COGS | 93,651.69 | |||
Gross Profit | 57,621.80 | |||
Expense | ||||
Bankcard Services | ||||
Visa/MC | 76.00 | |||
Total Bankcard Services | 76.00 | |||
Fees | 10.35 | |||
Fees Ex. | 1,470.24 | |||
INTERNET SERVICES | 1,307.00 | |||
Late Fee | 8.00 | |||
Licenses and Permits | 115.00 | |||
Office and Storage Expences | ||||
Rent | 15,460.32 | |||
Storage Units | 1,381.94 | |||
Office and Storage Expences - Other | 344.80 | |||
Total Office and Storage Expences | 17,187.06 | |||
Office Supplies | 274.76 | |||
Parts | ||||
Computer | 855.00 | |||
Parts - Other | 47.85 | |||
Total Parts | 902.85 | |||
Payroll Expenses | 3,850.00 | |||
Postage and Delivery |
10:17 AM 09/03/09 Accrual Basis | B2 Digital dba Hotel Movie Network Profit & Loss April 2008 through March 2009 |
Apr '08 - Mar 09 | ||||
Pitney Bowes Postage Machine | 321.40 | |||
Postage Refil | 675.49 | |||
UPS | ||||
Service Charges | 284.34 | |||
Shipping Charge Corrections | 81.64 | |||
UPS - Other | 1,386.84 | |||
Total UPS | 1,752.82 | |||
Total Postage and Delivery | 2,749.71 | |||
Professional Fees | ||||
Legal Fees | 775.78 | |||
Professional Fees - Other | 2,618.00 | |||
Total Professional Fees | 3,393.78 | |||
Service Charges | ||||
American Express | 87.33 | |||
Merchant Fees | ||||
EPS | 92.04 | |||
Northern Leasing | 1,289.42 | |||
Total Merchant Fees | 1,381.46 | |||
Service Charges - Other | 62.75 | |||
Total Service Charges | 1,531.54 | |||
Taxes | 36.26 | |||
Telephone | 664.57 | |||
Travel & Ent | ||||
Travel | 250.00 | |||
Total Travel & Ent | 250.00 | |||
UNKNOWN | -1,000.00 | |||
Utilities | ||||
Water, Gas & Trash | 549.26 | |||
Total Utilities | 549.26 | |||
Vehicles | ||||
Vehicle Maintenance | 101.61 | |||
Total Vehicles | 101.61 | |||
Work Expense | ||||
Gas | 60.90 | |||
Work Expense - Other | 8,006.34 | |||
Total Work Expense | 8,067.24 | |||
Total Expense | 41,545.23 | |||
Net Ordinary Income | 16,076.57 | |||
Net Income | 16,076.57 |