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APTX..balance sheet..Apparel Technologies, Inc SELECTED BALANCE SHEET Page 9 of 10
(Thousands of U.S. Dollars)
YEAR ENDING QUARTER ENDING
05/31/96 05/31/97 02/28/97 02/28/98
Cash & ST Investments 474 155 93 -93
Receivables 216 102 368 277
Total Current Assets 878 585 874 775
LT Investments 0 0 0 0
Fixed Assets 102 84 150 1,004
Total Assets 1,308 947 1,854 3,666
Accounts Payable 229 354 568 2,140
ST Debt & Curr LTD 0 350 146 0
Total Current Liab. 352 704 785 2,627
LT Debt & Cap Leases 0 0 0 2,699
Total Liabilities 352 704 785 5,326
Preferred Stock 0 0 0 848
Common/Paid In Capital 7,111 8,601 7,808 10,657
Retained Earnings -6,154 -8,358 -6,740 -13,165
Total Equity 957 243 1,068 -1,660
Shares Outstanding 6,893 8,251 6,943 20,642
...notice that liabilities are more than than assets...1st sign of bankruptcy..IMHO..BobH. |
