IN THE UNITED STATES BANKRUPTCY COURT

 FOR THE NORTHERN DISTRICT OF TEXAS

 DALLAS DIVISION

IN RE: §

FREDRICK LEE PRESS PLUMBING, LLC §

DEBTOR § BANKRUPTCY CASE NO. 23-32662

BALANCE SHEET

Case 23-32662-mvl11 Doc 3 Filed 11/14/23 Entered 11/14/23 13:49:36 Desc Main

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Fred's Plumbing

Balance Sheet

As of November 9, 2023

TOTAL

ASSETS

Current Assets

Bank Accounts

CHASE BUS PREM SAV (5933) - 6 1.00

PLAT BUS CHECKING (9198) - 6 19,794.26

Total Bank Accounts $19,795.26

Accounts Receivable

1200 Accounts Receivable 0.00

Total Accounts Receivable $0.00

Other Current Assets

1499 Undeposited Funds -226.39

Cash on Hand 16,000.00

Due from Nathan 1,524,959.07

Employee Cash Advance 22,821.03

Inventory 10,000.00

Repayment

Cash Advance Repayment 0.00

Total Repayment 0.00

Uncategorized Asset 261.76

Total Other Current Assets $1,573,815.47

Total Current Assets $1,593,610.73

Fixed Assets

accumulated Amortization Financing fee -585.23

Accumulated Depreciation -793,052.26

Equipment 486,634.22

Financing Fee 0.00

House 76,316.61

Machinery 72,948.80

Office Equipment 22,250.37

Plumbing Equipment 92,940.58

Software 1,799.00

Vehicles 1,220,625.50

Total Fixed Assets $1,179,877.59

Other Assets

Investments 0.00

Organization Costs 750.00

Accumulated Amortization - Org -750.00

Total Organization Costs 0.00

Total Other Assets $0.00

TOTAL ASSETS $2,773,488.32

Case 23-32662-mvl11 Doc 3 Filed 11/14/23 Entered 11/14/23 13:49:36 Desc Main

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TOTAL

LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

2000 Accounts Payable 0.00

Parking Ticket

Traffic Ticket 0.00

Total Parking Ticket 0.00

Total Accounts Payable $0.00

Credit Cards

Business Platinum Card® (1001) - 7 98,957.58

Total Credit Cards $98,957.58

Other Current Liabilities

2100 Payroll Liabilities 0.00

Child Support 0.00

Federal Taxes (941/944) -398.25

Federal Unemployment (940) 0.00

Health Insurance 160,244.21

Misc 28,690.34

TX Unemployment Tax 0.00

Total 2100 Payroll Liabilities 188,536.30

2200 Sales Tax Payable -5,786.33

Child Support -4,134.17

Credit Advance 45,000.00

Current Liabilities 0.00

Federal Tax Due 0.00

Fundation -47,702.80

Fundbox 7/13 43,521.00

fundbox April 2023 -8,213.75

line of credit 38,457.50

MB 5002283162001 -7,005.70

MB50022778780015002334724001 -23,510.93

Newtek Financing Fee -70,227.89

Sales Tax Agency Payable 0.00

Sales Tax Payable 0.00

Total Sales Tax Agency Payable 0.00

State Payable 42.64

Texas State Comptroller Payable 41,486.72

Denison, TX Payable 13.65

Sales Tax Payable 11,819.85

Total Texas State Comptroller Payable 53,320.22

Total Other Current Liabilities $202,296.09

Total Current Liabilities $301,253.67

Case 23-32662-mvl11 Doc 3 Filed 11/14/23 Entered 11/14/23 13:49:36 Desc Main

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TOTAL

Long-Term Liabilities

BIZFUND APRIL 2023 -20,726.00

Blue Ribbon Funding -34,862.42

Blue Ribbon Funding 8/22 -7,584.00

Corsair - 61130856 38,720.26

Delta June 23 185.18

EIDL - SBA -24,640.00

Foundation Loan 57,209.41

FOX LOAN APRIL 2023 -25,858.28

Fundbox July 16,421.00

Fundbox June 7 19,527.00

Knightbridge 6,750.00

Loan - 58244322 7,074.12

Loan - 58507664 11,111.04

Loan - 59570871 35,062.21

Loan - 59864180 994.51

Loan - 59924341 14,623.55

Loan - 60181151 40,530.93

Loan - 60231727 36,423.82

Loan - 60236395 35,025.36

Loan - 61548390 48,554.33

Loan Fundbox -49,668.31

MB 5002312366001 -10,436.12

MB 5002419763001 -3,154.10

MB M 208,658.54

MB324001 47,759.58

MB325001 44,984.19

MB400001 39,890.52

MB5002277878001 30,690.63

MB5002278110001 26,856.59

MB5002375747001 -15,564.71

Mercedes - 5002327267001 -28,740.88

Mercedes Benz 22391 56,893.34

Mercedes Benz 428001 37,735.04

Mercedes-Benz 5002186452001 53,005.01

Newtek SBA Loan 1,781,471.96

Other Long Term Liab 876,578.07

Regions Bank 0.00

Regions Capital/Equipment loan -8,642.64

SAMSON Funding Jan 23 -95,610.60

SAMSON Funding March 23 -72,368.22

SAMSON HORUS, LLC -50.00

Seamless Capital Group -30,451.80

Square Advance -33,000.00

Swift Funding June 23 -25,945.16

Western Equipment 0.00

Total Long-Term Liabilities $3,085,432.95

Total Liabilities $3,386,686.62

Case 23-32662-mvl11 Doc 3 Filed 11/14/23 Entered 11/14/23 13:49:36 Desc Main

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TOTAL

Equity

1110 Retained Earnings -600,831.60

1130 Owner's Capital 0.00

3000 Opening Bal Equity -15,650.94

Capital Stock 1,000.00

Distributions -806,727.41

Federal Tax 0.00

Net Income 809,011.65

Total Equity $ -613,198.30

TOTAL LIABILITIES AND EQUITY $2,773,488.32

Case 23-32662-mvl11 Doc 3 Filed 11/14/23 Entered 11/14/23 13:49:36 Desc Main

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