2014 Amount 2,429,800 2,766,890 742,000 5,938,690 Golden Gate Coffee Company Balance Sheet As of December 31, 2015 and 2014 2015 Amount ASSETS Current assets: Cash $ 2,717,500 $ Accounts receivable 2,658,730 Inventory 835,600 Total current assets $ 6,211,830 $ Fixed assets: Equipment $ 4,289,500 $ (Less depreciation) 735,000 Machinery net $ 3,554,500 $ Buildings 2,650,000 Land parcel holdings 987,500 Total fixed assets $ 7,192,000 $ TOTAL ASSETS $ 13,403,830 $ LIABILITIES Current liabilities: Accounts payable $ 2,750,000 $ Accrued payroll 98,720 Payroll taxes payable 27,468 Total current liabilities $ 2,876,188 $ Long-term liabilities: Mortgages payable $ 3,580,000 $ Note payable long term 250,000 Total long term liabilities $ 3,830,000 $ Total liabilities $ 6,706,188 $ Shareholders' equity: 4,168,540 576,080 3,592,460 2,520,000 876,500 6,988,960 12,927,650 2,800,000 82,420 25,687 2,908,107 3,710,500 200,000 3,910,500 6,818,607 Total liabilities 6,706,188 $ 6,818,607 Shareholders' equity: Common stock 4,850,000 $ 4,600,000 Preferred stock 1,519,830 1,400,000 Retained earnings 327,812 109,043 Total share solders' equity $ 6,697,642 $ 6,109,043 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 13,403,830 $ 12,927,650 Amount Percent of total assets/ Percent of total liabilities and equity Cash Preferred stock 5 1524830 2014 Amount 2,429,800 2,766,890 742,000 5,938,690 Golden Gate Coffee Company Balance Sheet As of December 31, 2015 and 2014 2015 Amount ASSETS Current assets: Cash $ 2,717,500 $ Accounts receivable 2,658,730 Inventory 835,600 Total current assets $ 6,211,830 $ Fixed assets: Equipment $ 4,289,500 $ (Less depreciation) 735,000 Machinery net $ 3,554,500 $ Buildings 2,650,000 Land parcel holdings 987,500 Total fixed assets $ 7,192,000 $ TOTAL ASSETS $ 13,403,830 $ LIABILITIES Current liabilities: Accounts payable $ 2,750,000 $ Accrued payroll 98,720 Payroll taxes payable 27,468 Total current liabilities $ 2,876,188 $ Long-term liabilities: Mortgages payable $ 3,580,000 $ Note payable long term 250,000 Total long term liabilities $ 3,830,000 $ Total liabilities $ 6,706,188 $ Shareholders' equity: 4,168,540 576,080 3,592,460 2,520,000 876,500 6,988,960 12,927,650 2,800,000 82,420 25,687 2,908,107 3,710,500 200,000 3,910,500 6,818,607 Total liabilities 6,706,188 $ 6,818,607 Shareholders' equity: Common stock 4,850,000 $ 4,600,000 Preferred stock 1,519,830 1,400,000 Retained earnings 327,812 109,043 Total share solders' equity $ 6,697,642 $ 6,109,043 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 13,403,830 $ 12,927,650 Amount Percent of total assets/ Percent of total liabilities and equity Cash Preferred stock 5 1524830