SL Furniture Ltd. Balance Sheet (Unaudited) As at As at As at Dec 31, 20x4 Jun 30, 20x4 Jun 30, 20x3 Assets Current $ 523,841 Accounts receivable $ 635,297 $ 782,559 1,471,825 Inventory (Note 1) 1,928,892 2,105,106 57,381 Prepaid expenses 75,055 108,614 2,053,047 2,639,244 2,996,279 3,025,746 Property, plant and equipment (Note 2) 3,040,660 3,011,606 Other Assets: Development Costs 151,000 138,483 95,200 Marketing Equipment 161,478 115,064 157,539 Floor-models 124,761 136,100 154,000 5,516,032 6,069,551 6,414,624 Liabilities Current Accounts payable and accrued liabilities 2,436,577 1,972,409 1,595,502 (Note 3) Current portion of equipment financing 509,800 509,800 509,800 obligations 2,946,377 2,482,209 2,105,302 Equipment Financing Obligations 1,358,000 1,858,000 2,358,000 Equity 3,404,781 capital 3,404,781 3,404,781 (2,193,126) Retained earnings (1,675,439) (1,453,459) $5,516,032 $6,069,551 $6,414,624
SL Furniture Ltd. Balance Sheet (Unaudited) As at As at As at Dec 31, 20x4 Jun 30, 20x4 Jun 30, 20x3 Assets Current Accounts receivable $ 523,841 $ 635,297 $ 782,559 Inventory (Note 1) 1,471,825 1,928,892 2,105,106 Prepaid expenses 57,381 75,055 108,614 2,053,047 2,639,244 2,996,279 Property, plant and equipment (Note 2) 3,025,746 3,040,660 3,011,606 Other Assets: Development Costs 151,000 138,483 95,200 Marketing Equipment 161,478 115,064 157,539 Floor-models 124,761 136,100 154,000 5,516,032 6,069,551 6,414,624 Liabilities Current Accounts payable and accrued liabilities 2,436,577 1,972,409 1,595,502 (Note 3) Current portion of equipment financing obligations 509,800 509,800 509,800 2,946,377 2,482,209 2,105,302 Equipment Financing Obligations 1,358,000 1,858,000 2,358,000 Equity capital 3,404,781 3,404,781 3,404,781 Retained earnings (2,193,126) (1,675,439) (1,453,459) $5,516,032 $6,069,551 $6,414,624