Page 133 - FINAL Combined CB2_Neat

respectively.

Tax effects of:
Deferred rent
Prepaid expense
Accounts payable
Accrued expenses
2021
2022
2018
2019
2020
NOTE 7 - LEASE COMMITMENTS
Thereafter
Accounts receivable, net
Billings in excess of costs
Costs in excess of billings
NOTE 6 - INCOME TAXES (Concluded)
point between three and five years.
Depreciation and amortization
Net operating loss carry forward
See Independent Accountant's Review Report.
$
$
2017
Year Ending September 30 Amount
360/939
359,626
3,212/194
801,948
610,883
630,971
447,827
28,000
$ 267,000
620,000
568,000
139,000
763/000
174,000
( 105,000)
$( 1,686,000)
( 234,000)
FGM ARCHITECTS INC.
NOTES TO THE FINANCIAL STATEMENTS
2016
$ 160,000
507,000
200,000
75,000
591,000
37/000
628,000
$( 1,431,000)
( 152,000)
( 295,000)
cumulative difference between amounts expensed and amounts paid is included in deferred rent.
The components of the net deferred income tax asset (liability) consist of the following as of September 30:
Future minimum rental commitments under these lease agreements are as follows as of September 30, 2017:
Office rental expense under all operating leases was $744,629 and $757,943 for the years ended September 30,2017 and 2016,
monthly payments ranging from approximately $1,000 to $23,000. Each lease has a provision to terminate the lease at some
The Company leases'various corporate offices under long-term operating leases. The leases expire through 2025 and require
Lease payments, including any scheduled increases, are recognized as expense evenly over the terms of the leases. The
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