Chariot Manufacturing, Inc. Balance Sheet

Assets

Current assets:

Inventory

Other receivables

Prepaid expenses and other current assets

Total current assets

Property and equipment, net of accumulated depreciation of $541,053

Liabilities and Stockholders’ Equity (Deficit)

Current liabilities:

Current portion of notes payable

Bank overdraft

Accounts payable

Accrued expenses

Accrued interest

Deferred revenue

Other payables

Total current liabilities

Stockholders’ equity (deficit):

Additional paid-in capital

Accumulated deficit

Total stockholders’ equity (deficit)

Net sales

Cost of goods sold

Gross profit

Selling, general and administrative expenses

Loss from operations

Other expense:

Interest expense

Total other expense

Income taxes

Net loss