BIOVEST INTERNATIONAL, INC.
EX-10.4 5 dex104.htm THE COMPANY'S BALANCE SHEET DATED SEPTEMBER 30, 2010 (UNAUDITED) The Company's Balance Sheet dated September 30, 2010 (unaudited)
Exhibit 10.4
BIOVEST INTERNATIONAL, INC.
| September 30, 2010 (Unaudited) | ||||
| ASSETS | ||||
| Current assets: | ||||
| Cash | $ | 206,000 | ||
| Accounts receivable, net of $8,000 allowance for doubtful accounts at June 30, 2010 and September 30, 2009 | 398,000 | |||
| Costs and estimated earnings in excess of billings on uncompleted contracts | 106,000 | |||
| Inventories | 417,000 | |||
| Prepaid expenses and other current assets | 141,000 | |||
| Total current assets | 1,268,000 | |||
| Property and equipment, net | 77,000 | |||
| Patents and trademarks, net | 261,000 | |||
| Reorganization value in excess of amounts allocated to identifiable assets | 2,131,000 | |||
| Other assets | 153,000 | |||
| Total assets | $ | 3,890,000 | ||
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||
| Liabilities not subject to compromise: | ||||
| Current liabilities: | ||||
| Accounts payable | 556,000 | |||
| Customer deposits | 85,000 | |||
| Accrued liabilities | 688,000 | |||
| Notes payable, related party | 2,597,000 | |||
| Total liabilities not subject to compromise | 3,926,000 | |||
| Liabilities subject to compromise (Note 8) | 76,898,000 | |||
| Total liabilities | 80,824,000 | |||
