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Advanced Roofing, Inc. and Affiliates
<br />Consolidated Statements of Changes in Stockholders' Equity
<br />Years Ended December 31, 2015 and 2014
<br />Advanced Roofing, Inc. Stockholders
<br />Additional
<br />Common
<br />Paid -In
<br />Retained
<br />Noncontrolling
<br />Stock
<br />Capital
<br />Earnings
<br />Interest
<br />Total
<br />Balance, December 31, 2013 $ 500
<br />$ 427,321 $
<br />12,157,963
<br />$ 2,981,368 $
<br />15,567,152
<br />Net income (loss)
<br />-
<br />3,237,579
<br />(423,744)
<br />2,813,835
<br />Other comprehensive loss, foreign
<br />currency translation adjustments -
<br />-
<br />-
<br />(308,113)
<br />(308,113)
<br />Contributions
<br />-
<br />505,390
<br />505,390
<br />Distributions -
<br />-
<br />(1,661,355)
<br />(9,131)
<br />(1,670,486)
<br />Balance, December 31, 2014 500
<br />427,321
<br />13,734,187
<br />2,745,770
<br />16,907,778
<br />Netincome -
<br />-
<br />2,409,995
<br />1,997,386
<br />4,407,381
<br />Other comprehensive loss, foreign
<br />currency translation adjustments -
<br />-
<br />-
<br />(742,176)
<br />(742,176)
<br />Distributions -
<br />-
<br />(7,243,175)
<br />-
<br />(7,243,175)
<br />Balance, December 31, 2015 $ 500
<br />$ 427,321 $
<br />8,901,007
<br />$ 4,000,980 $
<br />13,329,808
<br />See notes to consolidated financial statements.
<br />a
<br />N.
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