Biovest International, Inc. Unaudited Balance Sheet as of September 30, 2010
This document is the unaudited balance sheet of Biovest International, Inc. as of September 30, 2010. It details the company's assets, liabilities, and stockholders' deficit, including current assets, property, patents, and liabilities both subject and not subject to compromise. The balance sheet provides a financial snapshot of the company's position at that date, but does not include any contractual obligations or agreements between parties.
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 | |||
