SCOTTSDALE SCIENTIFIC, INC.
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1998 AND 1997
1998 1997
ASSETS
Current Assets
Cash and Cash Equivalents $ 225,006 $ 112,518
Accounts Receivable, Net of Allowances for Doubtful
Accounts and Returns, $256,000 at December 31, 1998
1,049,079 0
Inventories (Note 3) 3,538,611 0
Refundable Income Tax Deposits 220,995 0
Prepaid Expenses and Other Current Assets 132,769 0
Deferred Tax Assets 310,760 0
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Total Current Assets 5,477,220 112,518
Property and Equipment, Net (Note 4) 942,558 0
Other Assets
Deposits 38,630 250
Due From Stockholder (Note 5) 123,602 0
Cash Surrender Value of Life Insurance (Note 6) 33,953 0
Organization Costs, Net of Amortization of $635 and $476
at December 31, 1998 and 1997
2,540 3,175
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Total Other Assets 198,725 3,425
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Total Assets $ 6,618,503 $ 115,943 |
