ASSETS |
|
Current Assets |
|
Checking/Savings |
|
Cash & Equivalents-Note 3 |
110,419 |
Total Checking/Savings |
110,419 |
Other Current Assets |
|
Maintenance Receivable-Note 3 |
22,492 |
Prepaid Expenses |
166,501 |
Total Other Current Assets |
188,993 |
Total Current Assets |
299,412 |
Fixed Assets |
|
Fixed Assets-Note 3 |
4,460,817 |
Land |
2,077,614 |
Less-Accumulated Depreciation |
(3,894,256) |
Total Fixed Assets |
2,644,175 |
Other Assets |
|
Intangible Assets-Note 6 |
47,925 |
Less-Accumulated Amortization |
(33,541) |
Total Other Assets |
14,384 |
TOTAL ASSETS |
2,957,971 |
LIABILITIES & EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Other Current Liabilities |
|
Accrued Expenses |
112,679 |
Due to ABC Management Corp. |
-0- |
Due to New York City-Note 5 |
43,786 |
Due to owners-NYC Tax Abatement |
89,586 |
Due to owners for Scries |
16,035 |
Prepaid Maintenance |
10,948 |
Total Other Current Liabilities |
273,034 |
Total Current Liabilities |
273,034 |
Long Term Liabilities |
|
Mortgages Payable-Note 7 |
2,400,508 |
Security Payable |
2,901 |
Total Long Term Liabilities |
2,403,409 |
Total Liabilities |
2,676,443 |
Equity |
|
Additional Paid in Capital |
4,500,897 |
Common Stock |
50,757 |
Retained Earnings (Deficit) |
(3,847,609) |
Treasury Stock-Note 8 |
(422,517) |
Total Equity |
281,528 |
TOTAL LIABILITIES & EQUITY |
2,957,971 |