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PROSHOT CONCRETE, INC. AND SUBSIDIARIES <br />CONSOLIDATING BALANCE SHEET <br />DECEMBER 31, 2019 <br />LIABILITIES AND STOCKHOLDER'S EQUITY <br />See independent auditors' report. <br />18 <br />Proshot Property <br />Proshot <br />Investments, <br />Concrete, Inc. <br />RE, LLC <br />PC, LLC <br />LLC <br />Eliminations <br />Total <br />CURRENT LIABILITIES <br />Cash overdraft <br />$ 398,614 <br />$ <br />$ <br />$ <br />$ - <br />$ 398,614 <br />Line of credit <br />1,731,537 <br />- <br />- <br />1,731,537 <br />Accounts payable <br />615,087 <br />- <br />- <br />615,087 <br />Accrued expenses and <br />amounts withheld <br />424,991 <br />- <br />- <br />- <br />424,991 <br />Due to parent <br />- <br />72,928 <br />_ <br />(72,928) <br />- <br />Due to subsidiaries <br />92,400 <br />- <br />- <br />(92,400) <br />Due to related party <br />- <br />79,614 <br />(79,614) <br />- <br />Billings in excess of cost and <br />estimated earnings <br />167,633 <br />- <br />- <br />167,633 <br />Related party note payable <br />current <br />- <br />- <br />- <br />. 39,509 <br />(39,509) <br />- <br />Current maturities of <br />long-term debt <br />418,748 <br />34,061 <br />- <br />34,872 <br />487,681 <br />Accrued loss on contracts <br />in progress <br />144,691 <br />- <br />- <br />- <br />144,691 <br />Total current liabilities <br />3,993,701 <br />106,989 <br />153,995 <br />(284,451) <br />3,970,234 <br />LONG-TERM DEBT <br />1,747,413 <br />58,954 <br />- <br />209,939 <br />- <br />2,016,306 <br />RELATED PARTY NOTE <br />PAYABLE -NONCURRENT <br />- <br />- <br />680,775 <br />(680,775) <br />- <br />STOCKHOLDER'S EQUITY <br />Common stock, par value <br />$0.01 per share; 1,000 <br />shares authorized, issued, <br />and outstanding <br />10 <br />_ <br />10 <br />Additional paid -in capital <br />90 <br />- <br />- <br />- <br />90 <br />Retained earnings (deficit) <br />5,283,933 <br />512,084 <br />270,459 <br />6,539 <br />6,073,015 <br />Total stockholder's equity <br />5,284,033 <br />512,084 <br />270,459 <br />6,539 <br />6,073,115 <br />TOTAL LIABILITIES AND <br />STOCKHOLDER'S EQUITY <br />$ 11,025,147 <br />$ 678,027 <br />$ 270,459 <br />$ 1,051,248 <br />$ (965,226) <br />$ 12,059,655 <br />See independent auditors' report. <br />18 <br />