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BARTH CONSTRUCTION, INC.
<br />BALANCE SHEET
<br />AS OF DECEMBER 31, 2021
<br />(WITH COMPARATIVE TOTALS AS OF DECEMBER 31, 2020)
<br />ASSETS
<br />Current assets.-
<br />Cash
<br />ssets:Cash and cash equivalents
<br />Contracts receivable, including unconditional retainage
<br />of $99,839 at December 31, 2021
<br />Contract assets
<br />Receivable from related party
<br />Total current assets
<br />Other assets:
<br />Property and equipment, net
<br />Refundable deposits
<br />Total other assets
<br />Total assets
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />Current liabilities:
<br />Accounts payable, including $251,325 of subcontractor
<br />retainage payable at December 31, 2021
<br />Contract liabilities
<br />Accrued liabilities
<br />Retirement plan contributions payable
<br />Total current liabilities
<br />Stockholders' equity:
<br />Common stock, $1 par value 100 shares authorized;
<br />100 shares issued and outstanding
<br />Additional paid -in capital
<br />Retained earnings
<br />Total stockholders' equity
<br />Total liabilities and stockholders' equity
<br />See Accompanying Notes to Financial Statements and Independent Accountants' Review Report.
<br />-2-
<br />2021
<br />2020
<br />$
<br />821,582 $
<br />1,479,836
<br />398,053
<br />730,482
<br />38,818
<br />6,915
<br />45,000
<br />45,000
<br />1,303,453
<br />2,262,233
<br />-
<br />476
<br />2,500
<br />10,000
<br />2,500
<br />10,476
<br />$
<br />1,305,953 $
<br />2,272,709
<br />$
<br />345,992 $
<br />734,258
<br />51,578
<br />444,868
<br />2,857
<br />3,902
<br />15,071
<br />8,530
<br />415,498
<br />1,191, 558
<br />100
<br />100
<br />628,385
<br />628,385
<br />261,970
<br />452,666
<br />890,455
<br />1,081,151
<br />$
<br />1,305,953 $
<br />2,272,709
<br />See Accompanying Notes to Financial Statements and Independent Accountants' Review Report.
<br />-2-
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