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.
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