Victura Construction Group, Inc. Combined Balance Sheet

Transcription

1 Victura Construction Group, Inc. Combined Balance Sheet As of December 31, 2017 ASSETS Current Assets Checking/Savings Trinity Bank Parent $ Trinity Bank -$1, Trinity Debit Acct $ Bank of America (7419) -$9, Trinity Bank_ $ Frost Bank $ Trinity Bank_ $2, Trinity Bank_ $10, Frost Bank_ $12, Frost_ $ PlainsCapital Bank_ $ Undeposited Funds -$33, Total Checking/Savings -$22, Accounts Receivable Accounts Receivable Accounts Receivable - Other $36, Accounts Receivable - Other $459, Total Accounts Receivable $495, Total Accounts Receivable $495, Other Current Assets IC Due To/From - ZBA IC Due To/From VICT Operating $609, IC Due To/From CBG-TX $575, IC Due To/From GC -$501, IC Due To/From WM $155, IC Due To/From DL $151, IC Due To/From CBG-OKC $7, IC Due To/From CCM $17, IC Due To/From GCC $91, IC Due To/From VICT Roofing -$97, Total IC Due To/From - ZBA $1,009, IC Due From Trinity Debit Card IC Due From GC $ IC Due From WM $ IC Due From DL $3, IC Due From CCM $8, IC Due From GCC $3, IC Due From VICT Roofing $15, Total IC Due From Trinity Debit Card $32,268.29

2 ST Note Receivable ST Note Receivable - Other $46, Total ST Note Receivable $46, A/R- Sub-Contractors A/R Subcontractor - Conduff, G $1, Total 1100 A/R- Sub-Contractors $1, Total Other Current Assets $1,089, Total Current Assets $1,562, Fixed Assets Furniture and Equipment $2, Computer Equpiment $4, Accumulated Depreciation -$4, Software 1505 Software - Other $10, Total 1505 Software $10, Computer Equipment $26, Equipment and Machinery 1530 Equipment and Machinery - Other $163, Total 1530 Equipment and Machinery $163, Furniture and Fixtures 1540 Furniture and Fixtures - Other $14, Total 1540 Furniture and Fixtures $14, Vehicles 1560 Vehicles - Other $58, Total 1560 Vehicles $58, Accumulated Depreciation 1600 Accumulated Depreciation - Other -$558, Total 1600 Accumulated Depreciation -$558, Automobiles $241, Leasehold Improvements $14, Office Assets $36, Software $3, Computer Equipment $2, Equipment and Machinery $77, Total Fixed Assets $94, Other Assets Deferred Tax Asset $49, Equity Investments CBG, LLC Acquisition $34, Cherubim Builders Group, LLC $1,000, Cherubim Interests, Inc $32, Total Equity Investments $1,066, Lease Deposit $2, Balance CBG Due To CBG -$39, Due From CBG $92, Total 1200 Balance CBG $52,626.34

3 1300 Balance GC Due to GC -$1,988, Due From GC $997, Total 1300 Balance GC -$990, IC Due From IC Due From Victura $602, IC Due From WM $413, IC Due From MHR $629, IC Due From CBG-TX $631, IC Due From DL $618, IC Due From CCM $158, IC Due From GCC $253, IC Due From VICT Roofing $73, IC Due From CI -$9, IC Due From AGS $168, IC Due From CBG-OKC $168, IC Due From AB Glass $18, Total IC Due From $3,725, Related Party Related Party Due From AB Glass $125, Related Party Due from AB Debit $14, Related Party -Due From CCCE $ Related Party Due From CI $64, Related Party Due From GELL $8, Total Related Party $214, VCG Balance Due To VCG -$93, Due From VCG $39, Total 1200 VCG Balance -$53, Related Party - Due From Rel Party - Due From AB Gla $2, Rel Party - Due From VR $130, Rel Party - Due From AB Glass $32, Rel Party - Due From CI $31, Total Related Party - Due From $196, Due From Officers Due From Officers - Everett $48, Due From Officers - Johnson -$24, Due From Officers - Fewell $9, Total Due From Officers $33, Related Party Due From Rel Party - CI $2, Total Related Party $2, Organizational Costs $1, Accumulated Amortization -$1, Total Other Assets $4,299,585.04

4 TOTAL ASSETS $5,956, LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Accounts Payable - MAIN $6, Accounts Payable - Other $698, Total Accounts Payable $705, Accounts Payable - Other $88, Total Accounts Payable $793, Credit Cards DL TRINITY DEBIT - ACCUMULATOR $ AMEX GREEN_51001 $ Chase Bank Ink MasterCard -$2, American Express (Plum) $38, Capital One -$35, Chase Ink Visa (4085) $49, THE HOME DEPOT -$10, WMR CREDIT ACCOUNTS Chase Visa (WM-9535) $11, American Express (Plum) $44, Total WMR CREDIT ACCOUNTS $56, Total Credit Cards $96, Other Current Liabilities ST Loan due to Charly Everett $29, Due To/From Officers Charly Everett $2, Total Due To/From Officers $2, IC Due to Trinity Debit Card IC Due to Victura $3, Total IC Due to Trinity Debit Card $3, Notes Payable - Robert Hamblin $5, Plains Capital LOC_Daily $3, Plains Capital_Daily Loss LOC $473, Payroll Liabilities SUTA Tax Payable - TX -$30.00 Total Payroll Liabilities -$ Payroll Liabilities Medicare Tax Payable $2, Social Security Tax Payable $8, Witholding Payable $6, SUTA Tax Payable (TWC) -$ Total Payroll Liabilities $16, LOANS TO / FROM OFFICERS Charly Everett 2 $210,195.82

5 Due to Chris Cartwright $5, Total LOANS TO / FROM OFFICERS 2 $215, Plains Capital LOC $500, LOANS TO / FROM OFFICERS 2 N/P - Charley Everett $4, Total 2040 LOANS TO / FROM OFFICERS 2 $4, Total Other Current Liabilities $1,251, Total Current Liabilities $2,141, Long Term Liabilities Notes Payable Grenville Strategic Royalty Co $1,000, Patrick Johnson $412, Gary Hudson $25, Judi Gates $25, Afi Fonua $25, Joey Gillaspy $25, Marcus Marsden $75, Total Notes Payable $1,587, IC Due To IC Due to Victura $83, IC Due to WM $31, IC Due to MHR $333, IC Due to CBG-TX $964, IC Due to DL $260, IC Due to CCM $173, IC Due to GCC $174, IC Due to VICT Roofing $20, IC Due to CI -$ IC Due to SS $11, IC Due to CBG-OKC $17, IC Due to GCCC_Trinity LL LOC $561, Total IC Due To $2,633, Related Party Liability Related Party Due to ABGlass $198, Related Party Due to AGS $ Related Party Due to GELL $10, Rel Party - Due From CI -$11, Total Related Party Liability $197, Rel Party - Due From AB Glass $71, TRUCKS NP Toyota Credit $21, NP Toyota Credit $21, NP Toyota Credit $17, NP Toyota Credit $16, TRUCKS - Other -$35, Total TRUCKS $42, NP Powerup Lending $30,555.30

6 Automobile Liabilities Automobile Liabilities - other $6, Automobile Liabilities - Other -$11, Total Automobile Liabilities -$5, Total Long Term Liabilities $4,557, Total Liabilities $6,698, Equity Additional Paid in Capital $97, CBG, LLC acquisition $34, Common Stock $144, Opening Balance Equity -$24.97 Stockholder's Deficit -$35, Retained Earnings -$2,918, Net Income $292, Capital Surplus $1,000, Capital Stock $1, Opening Bal Equity -$1, Additional Paid-in Capital $6, Retained Earnings $636, Total Equity -$741, TOTAL LIABILITIES & EQUITY $5,956,771.70

7 Victura Construction Group, Inc. Combined Profit And Loss January through December 2017 Ordinary Income/Expense Income 1040 Returned Check Charges 4080 Reimbursements $ Sales Large Loss - Income $3, Daily Loss - Income $57, Sales - Other $6,815, Total 4100 Sales $6,876, Refunds 4290 Refunds - Other -$110, Total 4290 Refunds -$110, Refund Expense 4599 Refunds - Insurance -$ Refund - Homeowner -$19, Refund Expense - Other -$5, Total 4598 Refund Expense -$24, Miscellaneous Income $27.29 Total Income $6,740, Cost of Goods Sold 5555 Subcontractor Expense Compliance_Program and Project $1, Estimating $161, Project Services_Daily Projects $537, Project Services_Large Loss $391, Subcontractor Expense - Other $3,448, Total 5555 Subcontractor Expense $4,539, Materials for Jobs LL Materials $8, Daily Loss Materials $10, Materials for Jobs - Other $785, Total 5556 Materials for Jobs $804, Construction Profit Shared $26, Construction Utilities $3, Permits $11, Dump $40, Equipment Rental_Construction $1, Storage - Materials $1, Vendor Discounts -$ Warranty $5, Commissions/Referal Fees $28, Other Job Costs $1,472.82

8 5515 Materials for Jobs $3, Total COGS $5,467, Gross Profit $1,272, Expense Accounting - Audit $0.00 Accounting Support Services $2, Autos Autos - Other $14.24 Total Autos $14.24 Bank Charges $2, Contract Labor - $2, Interest Expense $ Legal & Professional Fees $4, Meals and Entertainment $58.00 Office Expenses $ Bank Service Charges Bank Service Charges - Other $30.79 Total Bank Service Charges $ Reconciliation Discrepancies -$4, Advertising $ General Operating Expenses $2, Shop Expense $ Inspection Expense $2, Donations $5, Automobile Expense 6110 Automobile Expense - Other $99, Total 6110 Automobile Expense $99, Bank Service Charges NSF $ Credit Card Settlement Charges $2, Bank Service Charges - Other $6, Total 6120 Bank Service Charges $10, Computer and Software Expense $20, Depreciation Expense $15, Dues and Subscriptions 6160 Dues and Subscriptions - Other $230, Total 6160 Dues and Subscriptions $230, Equipment Rental 6170 Equipment Rental - Other $0.00 Total 6170 Equipment Rental $ Equipment Rental - Office $2, Insurance 6185 Liability Insurance_Sub Charged -$21, Insurance- Auto $6, General Liability $35, Insurance Reimbursement $6, Workers Comp $7,619.58

9 6186 Auto Liability $ Insurance - Other $6, Total 6180 Insurance $41, Interest Expense 6210 Finance Charge $6, Loan Interest $38, Interest Expense - Other $48, Total 6200 Interest Expense $92, License and Registration Fees $ Miscellaneous $23, Postage and Delivery $4, Professional Fees 6271 Consulting_Construction $125, Consulting_Accounting $15, Legal Fees 6280 Legal Fees - Other $5, Total 6280 Legal Fees $5, Accounting $55, Computer Consulting Services $ Professional Fees - Other $8, Total 6270 Professional Fees $209, Rent $42, Repairs 6300 Repairs - Other $ Total 6300 Repairs $ Security $ Telephone 6340 Telephone - Other $31, Total 6340 Telephone $31, Internet and Website $ Travel & Ent 6370 Meals $ Travel $ Travel & Ent - Other $ Total 6350 Travel & Ent $ Trash and Waste $2, Utilities 6400 Gas and Electric $6, Utilities - Other $5, Total 6390 Utilities $11, Office Supplies 6550 Office Supplies - Other $13, Total 6550 Office Supplies $13, K Match Expense $ Payroll Expenses Employee Earnings Expense $ Payroll Expenses - Other $70,339.11

10 Total 6560 Payroll Expenses $70, Payroll Tax Expense Futa Tax $ Medicare Tax $3, Payroll Tax Expense - Other $16, Total 6565 Payroll Tax Expense $20, Taxes Auto Registration $ Property $11, State $ Total 6820 Taxes $12, Fines and Penalties 6902 Late Fees $ Fines and Penalties - Other $ Total 6901 Fines and Penalties $ Storage Expense $1, Total Expense $980, Net Ordinary Income $292, Other Income/Expense Other Expense Miscellaneous $ Total Other Expense $ Net Other Income -$ Net Income $292,350.75

11 Victura Construction Group, Inc. Combined Statement Of Cash Flow January through December 2017 OPERATING ACTIVITIES Net Income $292, Adjustments to reconcile Net Income to net cash provided by operations: Accounts Receivable -$202, Accounts Receivable: Accounts Receivable - Other $4, IC Due To/From - ZBA: IC Due To/From VICT Roofing $14, IC Due From Trinity Debit Card: IC Due From VICT Roofing -$14, Accounts Payable -$3, ST Loan due to Charly Everett $29, Chase Bank Ink MasterCard -$2, American Express (Plum) $26, Capital One -$7, Chase Ink Visa (4085) $38, Payroll Liabilities: Medicare Tax Payable $2, Payroll Liabilities: Social Security Tax Payable $8, Payroll Liabilities: Witholding Payable $8, Payroll Liabilities: SUTA Tax Payable (TWC) -$ LOANS TO / FROM OFFICERS 2: Charly Everett 2 $129, LOANS TO / FROM OFFICERS 2: Due to Chris Cartwright $5, Plains Capital LOC $1, WMR CREDIT ACCOUNTS:Chase Visa (WM-9535) -$3, WMR CREDIT ACCOUNTS:American Express (Plum) $10, LOANS TO / FROM OFFICERS 2:N/P - Charley Everett $ Net cash provided by Operating Activities $337, INVESTING ACTIVITIES IC Due From: IC Due From Victura $4, IC Due From: IC Due From WM -$60, IC Due From: IC Due From MHR -$66, IC Due From: IC Due From CBG-TX -$99, IC Due From: IC Due From DL $2, IC Due From: IC Due From GCC $2, IC Due From: IC Due From VICT Roofing -$ IC Due From: IC Due From CI $9, Related Party: Related Party Due From CI -$18, Related Party: Related Party Due From GELL -$2, IC Due From: IC Due From AB Glass -$18, Accumulated Depreciation $15, Related Party - Due From: Rel Party - Due From VR -$127, Related Party - Due From: Rel Party - Due From AB Glass -$6, Related Party - Due From: Rel Party - Due From CI -$27, Due From Officers: Due From Officers - Everett -$9,529.13

12 Due From Officers: Due From Officers - Johnson $33, Related Party: Due From Rel Party - CI -$2, Net cash provided by Investing Activities -$369, FINANCING ACTIVITIES IC Due To: IC Due to Victura -$5, IC Due To: IC Due to WM -$14, IC Due To: IC Due to MHR $79, IC Due To: IC Due to CI -$ Related Party Liability: Related Party Due to GELL $1, Related Party Liability: Rel Party - Due From CI -$11, IC Due To: IC Due to GCCC_Trinity LL LOC $1, NP Fusion Funding -$121, NP Powerup Lending $30, Opening Bal Equity -$1, Automobile Liabilities -$5, Net cash provided by Financing Activities -$45, Net cash increase for period -$77, Cash at beginning of period $55, Cash at end of period -$22,048.10