Net Working Capital Sample Calculation
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 | ||
