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DICKERSON FLORIDA, INC.
<br />(A Wholly-owned Subsidiary of The Dickerson Group, Inc.)
<br />BALANCE SHEETS
<br />DECEMBER 31, 2019:and 2018
<br />ASSETS
<br />Current assets:
<br />Cash (note 1)
<br />Receivables:
<br />Construction contracts,.including
<br />amounts due on completed contracts of
<br />$945,20.9 and $-0- in 2019 and 2018;
<br />respectively (note 1) :
<br />Currently due
<br />Retainages
<br />Receivables from officers and employees
<br />Less allowance for doubtful accounts
<br />(note 1)
<br />Accounts receivables., net
<br />Inventories of construction material
<br />Costs and estimated earnings in excess of
<br />billings on uncompleted contracts (note 3).
<br />Prepaid expenses'
<br />Other current assets
<br />2019 2018
<br />$ 2,047,990 2,824,334
<br />2,823,957
<br />4,399,944.
<br />655,120
<br />1,546,808
<br />-
<br />2,250
<br />3,479,077
<br />5,949,002
<br />(119,400)
<br />(120,000)
<br />3,359,677
<br />5,829,002
<br />4,921
<br />-
<br />44,701
<br />-
<br />106,000
<br />-
<br />11,660
<br />.11,660
<br />Total current assets 5,5704949 8,664,996
<br />Property and equipment, at cost (notes 1 and 4):
<br />Property and equipment, at cost 9,399,410 10,6,86,882
<br />Less accumulated depreciation 6,994,464 8,081,092
<br />Property and. equipment, net 2,404,946 2,,605,790
<br />Other assets:
<br />Note receivable
<br />Total other assets
<br />374,195 -
<br />374,195 -
<br />$ 8,350,090 '11,270,786
<br />See accompanying notes to financial statements.
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