|At December 31,2021|
|Current Assets :|
|Investment in securities ( short term)||$ 105,000|
|Accounts receivable||$ 215,000|
|Prepaid insurance||$ 40,000|
|Total current assets||$ 765,000|
|Investment in securities ( long term)||$ 175,000|
|Restricted cash||$ 265,000|
|Total investments||$ 440,000|
|Property,Plant and Equipment:|
|less: Accumulated Depreciation-Buildings||(615,000)||$1,035,000|
|less: Accumulated Depreciation-Equipment||(215,000)||$435,000|
|Net property , Plant and Equipment||$ 2,420,000|
|Total Intangible Assets||$ 230,000|
|Total Assets||$ 3,855,000|
|LIABILITIES AND SHAREHOLDER'S EQUITY :|
|Current liabilities :|
|Accounts Payable||$ 115,000|
|Notes Payable||$ 165,000|
|Income Tax Payable||$ 75,000|
|Total current Liabilities||$ 355,000|
|Long term liabilities :|
|Notes Payable||$ 105,000|
|Bonds Payable||$ 695,000|
|Total long term liabilities||$ 800,000|
|Shareholder's equity :|
|Common stock||$ 1,750,000|
|Total shareholder's equity||$ 2,700,000|
|Total liabilities and shareholder's equity||$ 3,855,000|
- Common stock , No par (600,000 shares are Authorized , 350,000 shares issued and outstanding
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