SCOTTSDALE SCIENTIFIC, INC.
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1998 AND 1997
1998 1997
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable and Accrued Liabilities $ 3,053,072 None
Line of Credit (Note 7) 533,005 0
Notes Payable, Current Portion (Note 8) 82,539 0
Income Taxes Payable (Note 9) 800 0
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Total Current Liabilities 3,669,416 0
Long-Term Liabilities
Notes Payable, Noncurrent Portion (Note 8) 208,822 0
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Total Liabilities 3,878,238 0
Commitments and Contingencies (Note 10)
Stockholders' Equity
Common Stock, $0.001 Par Value, Authorized 100,000,000
Shares, Issued and Outstanding, 15,017,855 and
7,700,000 at December 31, 1998 and 1997 15,018 7,700
Additional Paid In Capital 4,126,154 525,300
Retained Earnings (A Deficit) (1,400,907) (417,057)
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Total Stockholders' Equity 2,740,265 115,943
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Total Liabilities and Stockholders' Equity $ 6,618,503 $ 115,943 |
