Revenue 48000 126360 long term liabilities notes

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Unformatted text preview: ,331) Equipment $ 2,663,655 Less: Accumulated depreciation (1,432,962) 3,005,997 1,230,693 5,073,060 Intangible assets Patent 825,000 $7,533,360 Total assets Liabilities Current liabilities $ 234,033 Accounts payable Interest payable 93,351 Current portion of loan payable 600,000 $ 927,384 Long-term liabilities Loan payable 2,400,000 $ 3,327,384 Total liabilities Stockholders’ equity Capital stock $ 2,265,000 Retained earnings 1,940,976 Total stockholders’ equity 4,205,976 $7,533,360 Total liabilities and equity 47...
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