Page 7 - 2021 Noteholder Letter.Financial Report
P. 7
Green Mountain Firewood Company
Statement of Assets, Liabilities and Stockholders' Equity
As of December 31, 2020
TOTAL
ASSETS
Current Assets
Bank Accounts
10100 BOA CHECKING 1847 281,192.66
10200 BOA SAVINGS 4494 1,263.66
Total Bank Accounts $282,456.32
Accounts Receivable
12000 Accounts Receivable (A/R) 4,101.12
Total Accounts Receivable $4,101.12
Other Current Assets
19999 Uncategorized Asset 0.00
DEPOSIT ON EQUIPMENT PURCHASE 19,500.00
Total Other Current Assets $19,500.00
Total Current Assets $306,057.44
Fixed Assets
15200 Machinery & Equipment 455,184.85
15300 ACCUMULATED DEPRECIATION -417,233.15
Total Fixed Assets $37,951.70
TOTAL ASSETS $344,009.14
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
21000 Accounts Payable (A/P) 187.20
Total Accounts Payable $187.20
Credit Cards
22000 BOA CC 2962 11,551.42
Total Credit Cards $11,551.42
Total Current Liabilities $11,738.62
Long-Term Liabilities
27000 Convertible Notes Payable 1,297,000.00
Total Long-Term Liabilities $1,297,000.00
Total Liabilities $1,308,738.62
Equity
30000 Opening Balance Equity 0.00
31900 Retained Earnings -728,765.30
Net Income -235,964.18
Total Equity $ -964,729.48
TOTAL LIABILITIES AND EQUITY $344,009.14
These financial statements have not been subjected to an audit, review or compilation engagement
and no assurance is provided on them. Substanially all disclosures have been omitted.
Accrual Basis Tuesday, February 16, 2021 12:46 PM GMT-05:00 1/1
