Here is the Financials ....keep in mind they were for the prior period of almost a year ago...and considering the fact that you dismiss them as worthless I do not know why you want to use them as reference but here they are....Notice in Line 3 the recievables. That was money owed EUTRO , at the current time it is being payed off on a monthly basis. That would be income from non stock sales.Notice it seperatly lists stock recievables ...
EUTRO GROUP HOLDING INC.
BALANCE SHEET
(UNAUDITED)
July 31, 1998 July 31, 1997
CURRENT ASSETS OPERATING ACCOUNT $ 2,626.87 $ (1,669.60) CONSULTING RECEIVABLES 270,000.00 125,000.00 STOCK RECEIVABLES 200,000.00 300,000.00 RECEIVABLE BIO-ANALYTIC 4,384.00 RECEIVABLE FROM MKT MAKS 168,597.75 1,688,467.72 RECEIVABLE FROM J. O'KEEFE 653,165.00 325,353.51 RENTAL SECURITY DEPOSIT 4,490.00 14,500.00 ESCROW - TREASURY STOCK 26,000.00 FL POWER & LIGHT DEPOSIT 395.00 395.00
TOTAL CURRENT ASSETS 1,303,568.62 2,478,046.63
PROPERTY & EQUIPMENT
OFFICE MACH. & EQUIPMENT 35,575.00 58,858.65 FURNITURE & FIXTURE 28,908.00 25,256.25 LEASEHOLD IMPROVEMENTS 11,689.09 11,689.09 ACCUM - DEPR - OFFICE MAC/EQ (10,220.80) (5,938.16) ACCUM - DEPR - FURN. & FIX. (7,853.32) (3,300.17) ACCUM - DEPR - LEASEHOLD IMP. (4,678.40)
TOTAL PROPERTY & EQUIPMENT 53,419.57 86,565.66
NON-CURRENT ASSETS
WHOLLY OWNED SUBSIDIARY 185,495.31 COMMON STOCK HOLDINGS 825,000.00 24,833.30
TOTAL NON-CURRENT ASSETS 825,000.00 210,328.61
TOTAL ASSETS $ 2,182,078.19 $ 2,864,705.36
CURRENT LIABILITIES
STOCK DIST. PAYABLE - FMHG $ 150,000.00 PREFERRED DIVIDENDS PAY. $ 58,124.00 LOAN PAYABLE 95,971.53 ACCOUNTS PAYABLE 28,430.99 56,256.40
TOTAL CURRENT LIABILITIES 86,554.99 302,227.93
LONG TERM LIABILITIES NOTES
PAYABLE 50,000.00 1,357,712.63
TOTAL LONG TERM LIABILITIES 50,000.00 1,357,712.63
TOTAL LIABILITIES 136,554.99 1,659,940.56
CAPITAL
COMMON STOCK 9,783,297.70 9,847,904.50 PREFERRED STOCK CLASS A 69,513.80 PREFERRED STOCK CLASS B 705,479.19 PAID IN ADD CAPITAL (1,440,272.44) (668,151.20) STOCK RESERVE ACCOUNT (103,432.50) RETAINED EARNINGS (7,871,555.93) (7,310,996.89) NET INCOME 799,060.88 (560,559.04)
TOTAL CAPITAL 2,045,523.20 1,204,764.80
TOTAL LIABILITIES & CAPITAL $ 2,182,078.19 $ 2,864,705.36
*T |
