Sample Net Working Capital Calculation Exhibit for Vivakor, Inc.
Summary
This document is an exhibit providing a sample calculation of net working capital as of January 31, 2024, for Vivakor, Inc. It lists current assets, including various bank accounts, accounts receivable, inventory, and prepaid expenses, and current liabilities, such as accounts payable, accrued expenses, and a line of credit. The calculation demonstrates how net working capital is determined and compares it to a target amount, showing a surplus. The exhibit is intended as an example for reference in a larger agreement or transaction.
EX-10.2 5 vivakorinc_ex10-2.htm EXHIBIT 10.2
Exhibit 10.2
Exhibit C
Sample of Net Working Capital Calculation
Figures provided are for example only.
| As of Jan. 31, 2024 | ||||
| Current Assets | ||||
| Checking/Savings | ||||
| M&T Bank-ET | $ | 35,607.22 | ||
| M&T Bank-ET | $ | 594,360.37 | ||
| Regions-ET | $ | 45,069.50 | ||
| Regions-ET | $ | 455,930.25 | ||
| Business First Bank (MEL) (*7324) | $ | 8,131.00 | ||
| Citibank (MEL)(5933) | $ | 4,677.00 | ||
| Business First Bank(Endeavor) (*2913) | $ | 679,765.54 | ||
| Business First Bank (Endeavor)(*4159) | $ | 503.44 | ||
| Origins Bank (Endeavor)(4482) | $ | 6,450.45 | ||
| Business First Bank (Endeavor)(*3130) | $ | 1,602,766.00 | ||
| Business First Bank (Omega)(*9495) | $ | 16,391.00 | ||
| Business First Bank (SFP) (*0739) | $ | 3,593.36 | ||
| Total Checking/Savings | $ | 3,453,245.13 | ||
| Accounts Receivable | ||||
| Accts. Rec. - Trade | $ | 11,220,944.27 | ||
| Total Accounts Receivable | $ | 11,220,944.27 | ||
| Other Current Assets for purposes of NWC | ||||
| Inventory | $ | 53,141.00 | ||
| Prepaid Expenses | $ | 489,097.00 | ||
| Total Other Current Assets | $ | 542,238.00 | ||
| Total Current Assets | $ | 15,216,427.40 | ||
| Current Liabilities | ||||
| Accounts Payable Accts. Pay. - Trade | $ | 2,771,345.00 | ||
| Total Accounts Payable | $ | 2,771,345.00 | ||
| Other Current Liabilities | ||||
| Accrued Expenses | $ | 4,724,190.00 | ||
| Endeavor Line of Credit | $ | 4,945,648.03 | ||
| Due To PWS | ||||
| Total Other Current Liabilities | $ | 9,669,838.03 | ||
| Total Current Liabilities | $ | 12,441,183.03 | ||
| Working Capital | $ | 2,775,244.37 | ||
| Target Net Working Capital | $ | 150,000.00 | ||
| Working Capital Surplus (Deficit) | $ | 2,625,244.37 | ||
