ASSETS Current Assets Checking/Savings Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 10-100 Trinity Bank_1014927 $87,913.26 10-200 Frost Bank_385063722 $12,399.09 10-201 Frost_609219897 $1,795.16 10-300 PlainsCapital Bank_3700042132 $5,155.53 10-100 Trinity Bank_1014901 $188.40 10-200 Frost Bank $385.52 10-100 Trinity Bank_1014919 -$2,024.11 10-100 Trinity Bank $15,789.83 10-000 Trinity Bank Parent $3,886.32 10-300 Trinity Debit Acct $1.31 10-800 Bank of America (7419) -$9,576.32 12-700 Undeposited Funds -$22,894.45 Total Checking/Savings $93,019.54 Accounts Receivable 11-000 Accounts Receivable 11-100 Accounts Receivable - Other $107,556.35 11-000 Accounts Receivable - Other $1,023,256.49 Total 11-000 Accounts Receivable $1,130,812.84 Total Accounts Receivable $1,130,812.84 Other Current Assets 1100 A/R- Sub-Contractors 1100.2 A/R Subcontractor - Conduff, G $1,680.00 Total 1100 A/R- Sub-Contractors $1,680.00 12-000 IC Due To/From - ZBA 12-010 IC Due To/From VICT Operating $518,087.06 12-015 IC Due To/From CBG-TX $575,289.04 12-020 IC Due To/From GC -$501,640.91 12-030 IC Due To/From WM $155,525.27 12-040 IC Due To/From DL $151,600.90 12-045 IC Due To/From CBG-OKC $7,133.73 12-050 IC Due To/From CCM $17,632.85 12-060 IC Due To/From GCC $91,617.31 12-065 IC Due To/From VICT Roofing -$97,760.71 Total 12-000 IC Due To/From - ZBA $917,484.54 13-000 ST Note Receivable 13-100 ST Note Receivable - Other $46,100.00 Total 13-000 ST Note Receivable $46,100.00 13-500 Prepaids 13-501 Prepaid Software $2,280.27 Total 13-500 Prepaids $2,280.27 18-000 Escrow Accounts 18-100 Escrow - PowerUp $29,253.95
Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 Total 18-000 Escrow Accounts $29,253.95 19-000 WIP Cost in Excess of Billings $239,362.00 12-300 IC Due From Trinity Debit Card 12-320 IC Due From GC $809.22 12-330 IC Due From WM $17,272.03 12-340 IC Due From DL $29,100.02 12-350 IC Due From CCM $33,656.05 12-360 IC Due From GCC $3,740.66 12-365 IC Due From VICT Roofing $61,899.97 Total 12-300 IC Due From Trinity Debit Card $146,477.95 Total Other Current Assets $1,359,744.26 Total Current Assets $2,606,471.09 Fixed Assets 1360 Software 1360 Software - Other $10,866.49 Total 1360 Software $10,866.49 1382 Computer Equipment $26,805.68 1530 Equipment and Machinery 1530 Equipment and Machinery - Other $163,892.43 Total 1530 Equipment and Machinery $163,892.43 1540 Furniture and Fixtures 1540 Furniture and Fixtures - Other $14,893.08 Total 1540 Furniture and Fixtures $14,893.08 1560 Vehicles 1560 Vehicles - Other $58,962.89 Total 1560 Vehicles $58,962.89 1600 Accumulated Depreciation 1600 Accumulated Depreciation - Other -$558,898.30 Total 1600 Accumulated Depreciation -$558,898.30 15000 Furniture and Equipment $2,304.16 15100 Computer Equpiment $4,627.36 17000 Accumulated Depreciation -$4,188.29 Automobiles $241,111.69 Leasehold Improvements $14,467.72 Office Assets $36,132.00 1500 Software $3,874.87 1505 Computer Equipment $2,154.01 1510 Equipment and Machinery $77,349.87 Total Fixed Assets $94,355.66 Other Assets 14-400 IC Due From 14-420 IC Due From Victura $647,727.48 14-425 IC Due From WM $389,918.28 14-430 IC Due From MHR $1,120,717.79
Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 14-435 IC Due From CBG-TX $631,403.88 14-440 IC Due From DL $750,112.65 14-450 IC Due From CCM $472,910.46 14-460 IC Due From GCC $253,530.83 14-465 IC Due From VICT Roofing $73,919.52 14-470 IC Due From AB Glass $6,000.00 14-480 IC Due From CI $457.48 14-485 IC Due From AGS $168,339.23 14-495 IC Due From CBG-OKC $168,734.92 Total 14-400 IC Due From $4,683,772.52 15-000 Related Party - Due From 15-460 Rel Party - Due From VR $130,965.73 15-470 Rel Party - Due From AB Glass $26,485.62 15-480 Rel Party - Due From CI $24,839.71 15-100 Rel Party - Due From AB Gla $2,000.00 Total 15-000 Related Party - Due From $184,291.06 17-000 Due From Officers 17-100 Due From Officers - Everett $48,182.56 17-200 Due From Officers - Johnson $9,000.00 17-300 Due From Officers - Fewell $9,000.00 Total 17-000 Due From Officers $66,182.56 1200 VCG Balance 1200-1 Due To VCG -$93,126.34 1200-2 Due From VCG $39,500.00 Total 1200 VCG Balance -$53,626.34 Deferred Tax Asset $49,144.74 Equity Investments CBG, LLC Acquisition $34,002.80 Cherubim Builders Group, LLC $1,000,000.00 Cherubim Interests, Inc $32,500.00 Total Equity Investments $1,066,502.80 Lease Deposit $2,900.00 1200 Balance CBG 1200-1 Due To CBG -$39,500.00 1200-2 Due From CBG $171,300.34 Total 1200 Balance CBG $131,800.34 1300 Balance GC 1300-1 Due to GC -$1,988,331.72 1300-2 Due From GC $1,053,336.72 Total 1300 Balance GC -$934,995.00 17-000 Related Party 17-470 Related Party Due From AB Glass $137,745.79 17-471 Related Party Due from AB Debit $14,829.26 17-473 Related Party -Due From CCCE $430.84
Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 17-480 Related Party Due From CI $72,412.22 17-485 Related Party Due From GELL $8,980.44 Total 17-000 Related Party $234,398.55 Organizational Costs $1,065.00 Accumulated Amortization -$1,065.00 Total Other Assets $5,430,371.23 TOTAL ASSETS $8,131,197.98 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 20-000 Accounts Payable 20-100 Accounts Payable - MAIN $6,995.00 20-000 Accounts Payable - Other $827,491.42 Total 20-000 Accounts Payable $834,486.42 20-100 Accounts Payable - Other $88,220.00 Total Accounts Payable $922,706.42 Credit Cards American Express (Plum) $95,644.57 Capital One -$33,296.83 Chase Ink Visa (4085) $33,723.74 THE HOME DEPOT -$10,660.42 DL TRINITY DEBIT - ACCUMULATOR $622.92 AMEX GREEN_51001 $18.74 21015 Chase Bank Ink MasterCard -$2,035.15 WMR CREDIT ACCOUNTS Chase Visa (WM-9535) $15,321.16 American Express (Plum) $43,475.75 Total WMR CREDIT ACCOUNTS $58,796.91 Total Credit Cards $142,814.48 Other Current Liabilities 21-100 Payroll Liabilities 21-400 FUTA Tax Payable (Federal Unmp) $210.00 21-410 Medicare Tax Payable $2,378.64 21-420 Social Security Tax Payable $10,170.68 21-430 Witholding Payable $8,366.05 21-440 SUTA Tax Payable (TWC) $180.91 Total 21-100 Payroll Liabilities $21,306.28 22-300 IC Due To Trinity Debit Card 22-310 IC Due to Victura $6,903.05 Total 22-300 IC Due To Trinity Debit Card $6,903.05 24050 LOANS TO / FROM OFFICERS 2 24050.1 Charly Everett 2 $251,941.82 Total 24050 LOANS TO / FROM OFFICERS 2 $251,941.82
Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 24100 Plains Capital LOC $500,000.00 29-000 WIP Billings in Excess of Costs $1,767,015.00 21500 Due To/From Officers 21515 Charly Everett $2,367.02 Total 21500 Due To/From Officers $2,367.02 22000 Notes Payable - Robert Hamblin $5,000.00 25-500 Plains Capital LOC_Daily $3,000.00 25200 Plains Capital_Daily Loss LOC $473,120.01 24000 Payroll Liabilities 24100 SUTA Tax Payable - TX -$30.00 Total 24000 Payroll Liabilities -$30.00 27-001 Relatd Party due Charly Everett $19,500.00 2040 LOANS TO / FROM OFFICERS 2 N/P - Charley Everett $3,500.00 Total 2040 LOANS TO / FROM OFFICERS 2 $3,500.00 Total Other Current Liabilities $3,053,623.18 Total Current Liabilities $4,119,144.08 Long Term Liabilities 23-400 IC Due To 23-420 IC Due to Victura $110,268.22 23-425 IC Due to WM $41,528.69 23-430 IC Due to MHR $270,691.69 23-435 IC Due to CBG-TX $1,221,457.74 23-440 IC Due to DL $260,830.43 23-450 IC Due to CCM $464,138.53 23-460 IC Due to GCCC_Trinity LL LOC $569,842.14 23-465 IC Due to VICT Roofing $20,605.40 23-480 IC Due to CI -$500.00 23-490 IC Due to SS $11,701.51 23-495 IC Due to CBG-OKC $17,639.26 23-460 IC Due to GCC $736,039.95 Total 23-400 IC Due To $3,724,243.56 24700 TRUCKS NP Toyota Credit 57098 $21,466.46 NP Toyota Credit 66448 $21,090.14 NP Toyota Credit 75950 $17,946.55 NP Toyota Credit 76762 $16,992.39 24700 TRUCKS - Other -$35,344.48 Total 24700 TRUCKS $42,151.06 25-100 NP Powerup Lending $118,253.95 24-100 Rel Party - Due From AB Glass $71,000.00 23-0000 Notes Payable Grenville Strategic Royalty Co $1,000,000.00 23-0100 Patrick Johnson $412,336.99
Victura Construction Group, Inc. Balance Sheet As of September 30, 2017 23-0110 Gary Hudson $25,000.00 23-0120 Judi Gates $25,000.00 23-0130 Afi Fonua $25,000.00 23-0140 Joey Gillaspy $25,000.00 23-0150 Marcus Marsden $75,000.00 Total 23-0000 Notes Payable $1,587,336.99 27-000 Related Party Liability 27-470 Related Party Due to ABGlass $198,000.00 27-480 Related Party Due to AGS $396.41 27-485 Related Party Due to GELL $10,947.82 27-490 Rel Party - Due From CI -$690.00 Total 27-000 Related Party Liability $208,654.23 Automobile Liabilities Automobile Liabilities - other $6,274.10 Automobile Liabilities - Other -$11,948.20 Total Automobile Liabilities -$5,674.10 Total Long Term Liabilities $5,745,965.69 Total Liabilities $9,865,109.77 Equity 2199 Capital Stock $1,000.00 3010 Additional Paid-in Capital $6,956.00 3040 Retained Earnings $637,035.99 Net Income -$791,941.45 30200 Capital Surplus $1,000,000.00 32000 Retained Earnings -$2,827,395.68 Additional Paid in Capital $97,693.00 CBG, LLC acquisition $34,002.80 Common Stock $144,152.52 Opening Balance Equity -$24.97 Stockholder's Deficit -$35,390.00 Total Equity -$1,733,911.79 TOTAL LIABILITIES & EQUITY $8,131,197.98
Ordinary Income/Expense Income Victura Construction Group Inc. Profit and Loss January 1, 2017 thru September 30, 2017 4080 Reimbursements $0.00 4100 Sales 4100 Sales - Other $4,659,529.48 Total 4100 Sales $4,659,529.48 4290 Refunds 4290 Refunds - Other -$56,773.34 Total 4290 Refunds -$56,773.34 4998 Miscellaneous Income $2,947.19 Total Income $4,605,703.33 Cost of Goods Sold 5555 Subcontractor Expense 55552 Estimating $122,543.00 55553 Project Services_Daily Projects $313,359.32 55554 Project Services_Large Loss $276,720.11 5555 Subcontractor Expense - Other $2,978,762.84 Total 5555 Subcontractor Expense $3,691,385.27 5556 Materials for Jobs $747,952.94 5557 Construction Profit Shared $27,049.05 5559 Construction Utilities $3,106.04 5560 Construction Inspection $115.16 5562 Permits $11,780.67 5563 Dump $36,412.54 5564 Equipment Rental_Construction $872.51 5565 Storage - Materials $613.26 5566 Vendor Discounts -$17.18 5601 Warranty $4,916.65 5860 Other Job Costs $1,337.10 5520 Dump $3,684.48 5515 Materials for Jobs $6,408.21 Total COGS $4,535,616.70 Gross Profit $70,086.63 Expense Appliances Appliances - Other $1,098.68 Total Appliances $1,098.68 4000 Reconciliation Discrepancies -$23,824.43 4598 Refund Expense 4599 Refunds - Insurance $16.70 4600 Refund - Homeowner $19,052.47 4598 Refund Expense - Other $5,854.24 Total 4598 Refund Expense $24,923.41 5100 Advertising $422.68 5200 General Operating Expenses $2,613.78
Victura Construction Group Inc. Profit and Loss January 1, 2017 thru September 30, 2017 5550 Shop Expense $37.96 5558 Inspection Expense $2,700.00 5900 Donations $4,755.00 6110 Automobile Expense 6110 Automobile Expense - Other $88,291.94 Total 6110 Automobile Expense $88,291.94 6120 Bank Service Charges 06123 NSF $872.97 6121 Credit Card Settlement Charges $2,238.23 6120 Bank Service Charges - Other $5,765.00 Total 6120 Bank Service Charges $8,876.20 6147 Computer and Software Expense $15,000.71 6150 Depreciation Expense $15,724.16 6160 Dues and Subscriptions 6160 Dues and Subscriptions - Other $226,726.14 Total 6160 Dues and Subscriptions $226,726.14 6170 Equipment Rental 6170 Equipment Rental - Other $6,545.57 Total 6170 Equipment Rental $6,545.57 6180 Insurance 6185 Liability Insurance_Sub Charged -$16,512.93 6186 Insurance- Auto $4,343.55 6187 General Liability $44,362.58 6420 Workers Comp $7,619.58 6185 Liability Insurance $286.05 6186 Auto Liability $2,142.79 6180 Insurance - Other $20,506.71 Total 6180 Insurance $62,748.33 6200 Interest Expense 6210 Finance Charge $1,532.01 6220 Loan Interest $26,761.67 6200 Interest Expense - Other $48,441.43 Total 6200 Interest Expense $76,735.11 6240 Miscellaneous $28,927.21 6250 Postage and Delivery $4,716.75 6270 Professional Fees 6271 Consulting_Construction $146,500.00 6272 Consulting_Accounting $4,050.00 6280 Legal Fees 6280 Legal Fees - Other $4,333.25 Total 6280 Legal Fees $4,333.25 6285 Accounting $38,675.00 6286 Computer Consulting Services $269.76 6270 Professional Fees - Other $7,742.50
Victura Construction Group Inc. Profit and Loss January 1, 2017 thru September 30, 2017 Total 6270 Professional Fees $201,570.51 6290 Rent $28,785.90 6300 Repairs 6300 Repairs - Other $487.13 Total 6300 Repairs $487.13 6322 Security $345.02 6340 Telephone 6340 Telephone - Other $22,010.58 Total 6340 Telephone $22,010.58 6342 Internet and Website $37.45 6350 Travel & Ent 6370 Meals $732.55 6380 Travel $0.00 6350 Travel & Ent - Other $200.48 Total 6350 Travel & Ent $933.03 6385 Trash and Waste $1,871.66 6390 Utilities 6400 Gas and Electric $4,455.05 6390 Utilities - Other $8,391.25 Total 6390 Utilities $12,846.30 6550 Office Supplies 6550 Office Supplies - Other $9,605.64 Total 6550 Office Supplies $9,605.64 6560-05 401K Match Expense $0.00 6560 Payroll Expenses Employee Earnings Expense $230.77 6560 Payroll Expenses - Other $0.00 Total 6560 Payroll Expenses $230.77 6565 Payroll Tax Expense 6560-01 Futa Tax $210.00 6560-02 Medicare Tax $2,724.89 6565 Payroll Tax Expense - Other $11,948.29 Total 6565 Payroll Tax Expense $14,883.18 6820 Taxes 6820-01 Auto Registration $720.00 6850 Property $11,742.95 6860 State $149.38 Total 6820 Taxes $12,612.33 6901 Fines and Penalties 6902 Late Fees $166.80 6901 Fines and Penalties - Other $260.00 Total 6901 Fines and Penalties $426.80 7408 Storage Expense $1,741.20 60400 Bank Service Charges
Victura Construction Group Inc. Profit and Loss January 1, 2017 thru September 30, 2017 60400 Bank Service Charges - Other $30.79 Total 60400 Bank Service Charges $30.79 66900 Reconciliation Discrepancies -$1,000.00 60-100 Bank SC $211.66 Accounting - Audit $0.00 Bank Charges $41.80 Contract Labor - $2,450.00 Legal & Professional Fees $4,400.00 5000 General Operating Expenses $487.13 Total Expense $862,028.08 Net Ordinary Income -$791,941.45 Net Income -$791,941.45
OPERATING ACTIVITIES Net Income Victura Construction Group Inc. Statement of Cash FLow January 1, 2017 Thru September 30, 2017-791,941.45 Adjustments to reconcile Net Income to net cash provided by operations: 11-000 Accounts Receivable -844,209.06 11-000 Accounts Receivable:11-100 Accounts Receivable - Other 12,582.82 13-500 Prepaids:13-501 Prepaid Software -2,280.27 18-000 Escrow Accounts:18-100 Escrow - PowerUp -29,253.95 19-000 WIP Cost in Excess of Billings -239,362.00 20-000 Accounts Payable 93,876.56 American Express (Plum) 83,391.20 Capital One -5,000.00 Chase Ink Visa (4085) 22,592.90 21-100 Payroll Liabilities:21-400 FUTA Tax Payable (Federal Unmp) 210.00 21-100 Payroll Liabilities:21-410 Medicare Tax Payable 2,378.64 21-100 Payroll Liabilities:21-420 Social Security Tax Payable 10,170.68 21-100 Payroll Liabilities:21-430 Witholding Payable 10,241.00 21-100 Payroll Liabilities:21-440 SUTA Tax Payable (TWC) 180.91 24050 LOANS TO / FROM OFFICERS 2:24050.1 Charly Everett 2 171,085.44 24100 Plains Capital LOC 1,376.32 29-000 WIP Billings in Excess of Costs 1,767,015.00 21015 Chase Bank Ink MasterCard -2,000.00 23000 NOTES PAYABLE:23040 Trinity Bank LOC 3120-561,213.11 12-000 IC Due To/From - ZBA:12-065 IC Due To/From VICT Roofing 14,540.65 12-300 IC Due From Trinity Debit Card:12-365 IC Due From VICT Roofing -14,510.35 27-001 Relatd Party due Charly Everett 19,500.00 WMR CREDIT ACCOUNTS:American Express (Plum) 10,073.76 Net cash provided by Operating Activities -270,554.31 INVESTING ACTIVITIES 1360 Software -10.81 1382 Computer Equipment -70.00 1600 Accumulated Depreciation 15,724.16 14-400 IC Due From:14-420 IC Due From Victura 3,757.51 14-400 IC Due From:14-425 IC Due From WM -37,071.78 14-400 IC Due From:14-430 IC Due From MHR -4,665.53 14-400 IC Due From:14-435 IC Due From CBG-TX -99,208.40 14-400 IC Due From:14-460 IC Due From GCC 2,500.00 14-400 IC Due From:14-465 IC Due From VICT Roofing -27.15 14-400 IC Due From:14-470 IC Due From AB Glass -6,000.00 14-400 IC Due From:14-480 IC Due From CI -457.48 15-000 Related Party - Due From:15-460 Rel Party - Due From VR -127,285.93 15-000 Related Party - Due From:15-480 Rel Party - Due From CI -21,228.71 17-000 Due From Officers:17-100 Due From Officers - Everett -9,529.13 17-000 Related Party:17-480 Related Party Due From CI -18,605.43 17-000 Related Party:17-485 Related Party Due From GELL -2,021.30
Victura Construction Group Inc. Statement of Cash FLow January 1, 2017 Thru September 30, 2017 Net cash provided by Investing Activities -304,199.98 FINANCING ACTIVITIES 23-400 IC Due To:23-420 IC Due to Victura -2,199.00 23-400 IC Due To:23-425 IC Due to WM -3,534.47 23-400 IC Due To:23-430 IC Due to MHR 42,794.64 23-400 IC Due To:23-460 IC Due to GCCC_Trinity LL LOC 10,000.00 23-400 IC Due To:23-480 IC Due to CI -500.00 25-000 NP Fusion Funding -121,022.82 25-100 NP Powerup Lending 118,253.95 23-400 IC Due To:23-460 IC Due to GCC 561,213.11 27-000 Related Party Liability:27-485 Related Party Due to GELL 1,104.28 27-000 Related Party Liability:27-490 Rel Party - Due From CI -690.00 Automobile Liabilities -5,674.10 Net cash provided by Financing Activities 599,745.59 Net cash increase for period 24,991.30 Cash at beginning of period 68,028.24 Cash at end of period 93,019.54