04/20/23 06:24:59 PM STANFORD SONOMA

Printed By: Jay Rooney

Page 1 of 3

Balance Sheet

Dec 22 vs Dec 21

(In Dollars) Dec 22 Dec 21 Variance

ASSETS

Current Assets

Cash

1000 Cash 0.00 (115,730.64) 115,730.64 

1020 Clearing Acount 111,192.17 110,253.52 938.65 

1040 CASH 107.22 (58,659.77) 58,766.99 

1045 CASH - EQUIPMENT 0.00 180,835.15 (180,835.15)

 Total Cash 111,299.39 116,698.26 (5,398.87)

Account Receivable Trade

1050 Accounts Receivable 408,457.93 (749,949.19) 1,158,407.12 

1055 AR Adjustments (138,599.27) (98,750.56) (39,848.71)

1060 Pre-Payment Account 28,100.33 44,680.24 (16,579.91)

 Total Account Receivable Trade 297,958.99 (804,019.51) 1,101,978.50 

Inventory

1100 Inventory - Raw Materials 0.00 15,526.98 (15,526.98)

1110 Inventory Finished Goods (847.65) 65,704.79 (66,552.44)

2998 Accrued Received Goods 18,093.25 18,093.25 0.00 

 Total Inventory 17,245.60 99,325.02 (82,079.42)

Prepaid Expenses

1400 Prepaid Insurance 0.00 3,204.34 (3,204.34)

2351 PPP Loan 0.00 (900.00) 900.00 

 Total Prepaid Expenses 0.00 2,304.34 (2,304.34)

Total Current Assets 426,503.98 (585,691.89) 1,012,195.87 

Total Long-term Investments 0.00 0.00 0.00 

Property, Plant and Equipment

Property - Land, Building, Equipmen

1200 Equipment 543,821.61 543,821.61 0.00 

1201 Accumulated Depreciation (423,674.60) (329,091.56) (94,583.04)

1205 Leasehold Improvements 22,141.00 22,141.00 0.00 

1215 Furniture and Fixtures 9,623.83 9,623.83 0.00 

 Total Property - Land, Building, Equipmen 151,911.84 246,494.88 (94,583.04)

Total Property, Plant and Equipment 151,911.84 246,494.88 (94,583.04)

Total Deferred Income Tax Assets 0.00 0.00 0.00 

Total Goodwill 0.00 0.00 0.00 

Intangible and Other Assets

Intangible Assets

1220 Software 19,774.90 19,774.90 0.00 

 Total Intangible Assets 19,774.90 19,774.90 0.00 

Total Intangible and Other Assets 19,774.90 19,774.90 0.00 

TOTAL ASSETS 598,190.72 (319,422.11) 917,612.83 

Case 23-30748-mvl11 Doc 9 Filed 04/28/23 Entered 04/28/23 10:26:33 Desc Main

Document Page 1 of 3
04/20/23 06:24:59 PM STANFORD SONOMA

Printed By: Jay Rooney

Page 2 of 3

Balance Sheet

Dec 22 vs Dec 21

(In Dollars) Dec 22 Dec 21 Variance

LIABILITIES AND EQUITY

Current Liabilities

Accounts Payable Trade

2999 Accounts Payable 2,070,930.07 501,227.68 1,569,702.39 

3000 Chase- Credit Card 0.00 (973.17) 973.17 

 Total Accounts Payable Trade 2,070,930.07 500,254.51 1,570,675.56 

Accrued Liabilities

2020 Accrued Liabilities (643.18) (13.18) (630.00)

2500 Customer Pre-Payment 1,694,010.98 669,408.56 1,024,602.42 

 Total Accrued Liabilities 1,693,367.80 669,395.38 1,023,972.42 

Payroll Payable

1900 Payroll Tax Withheld (67,130.87) (66,326.37) (804.50)

2400 Accrued Wages and Salaries 496,181.80 318,635.80 177,546.00 

2501 Payroll Clearing (17,761.91) 4,176.23 (21,938.14)

 Total Payroll Payable 411,289.02 256,485.66 154,803.36 

Taxes Payable

2700 Sales Tax Payable 239,827.23 223,955.58 15,871.65 

 Total Taxes Payable 239,827.23 223,955.58 15,871.65 

Total Current Liabilities 4,415,414.12 1,650,091.13 2,765,322.99 

Deferred Income Tax Liabilities

Long-term liabilities

2705 Deferred Tax Liability 44,969.00 139,621.00 (94,652.00)

 Total Long-term liabilities 44,969.00 139,621.00 (94,652.00)

Total Deferred Income Tax Liabilities 44,969.00 139,621.00 (94,652.00)

Long-term Debt

Long term loans and borrowings

2725 Loan Payable - Hall (26,149.27) (58,223.00) 32,073.73 

2730 Loan Payable - DCG 92,531.95 141,108.27 (48,576.32)

2740 Loan Payable - Wycliff 300,802.52 300,802.52 0.00 

 Total Long term loans and borrowings 367,185.20 383,687.79 (16,502.59)

Total Long-term Debt 367,185.20 383,687.79 (16,502.59)

TOTAL LIABILITIES 4,827,568.32 2,173,399.92 2,654,168.40 

Capital Stock

Common Stock

3935 Shareholder's Capital - DCG 450,000.00 450,000.00 0.00 

3940 Shareholder's Capital - Hall 99,500.00 99,500.00 0.00 

3945 Shareholder's Capital - WD 450,000.00 450,000.00 0.00 

 Total Common Stock 999,500.00 999,500.00 0.00 

Total Capital Stock 999,500.00 999,500.00 0.00 

Total Additional Paid-in Capital 0.00 0.00 0.00 

Retained Earnings

Retained Earnings

3999 Retained Earnings (4,406,295.78) (1,811,307.65) (2,594,988.13)

Net Income (Loss) (819,800.79) (1,678,233.35) 858,432.56 

 

Case 23-30748-mvl11 Doc 9 Filed 04/28/23 Entered 04/28/23 10:26:33 Desc Main

Document Page 2 of 3
04/20/23 06:24:59 PM STANFORD SONOMA

Printed By: Jay Rooney

Page 3 of 3

Balance Sheet

Dec 22 vs Dec 21

(In Dollars) Dec 22 Dec 21 Variance

Total Retained Earnings (5,226,096.57) (3,489,541.00) (1,736,555.57)

Total Retained Earnings (5,226,096.57) (3,489,541.00) (1,736,555.57)

Total Accumulated Other Comprehensive Inc 0.00 0.00 0.00 

TOTAL LIABILITIES AND EQUITY 600,971.75 (316,641.08) 917,612.83 

***** Out of Balance By ***** (2,781.03) (2,781.03)

TOTAL EQUITY (4,226,596.57) (2,490,041.00) (1,736,555.57)

Specific Option(s):

1.) Period Comparison

2.) Compare Period : Dec 22 vs Dec 21

3.) Combined

4.) Show Account ID

5.) Zero Balance Accounts Not Included

6.) Show Decimals

7.) Don't Generate Report for all Segments

8.) Don't Include Accounts with No Activity

9.) Show Liabilities and Equity on New Page

10.) Rounding Level: No Rounding

C R I T E R I A

Detail Report Sorted by Account #

Case 23-30748-mvl11 Doc 9 Filed 04/28/23 Entered 04/28/23 10:26:33 Desc Main

Document Page 3 of 3