Page 27 - 2018 Apple Annual Report
P. 27
CENTRALIZED SUPPLY CHAIN SERVICES, LLC
BALANCE SHEETS
December 31, 2018 and 2017
2018 2017
ASSETS
Current assets
Cash and cash equivalents $ 3,528,384 $ 4,432,970
Accounts receivable 1,668,539 1,088,141
Prepaid expenses 66,202 23,733
Total current assets 5,263,125 5,544,844
Computers and equipment 314,111 314,111
Leasehold improvements 40,530 40,530
354,641 354,641
Accumulated depreciation (324,289) (311,073)
30,352 43,568
Total assets $ 5,293,477 $ 5,588,412
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accounts payable $ 1,696,544 $ 1,878,294
Accrued payroll and related liabilities 1,784,900 1,570,229
Total current liabilities 3,481,444 3,448,523
Members’ equity (Note 1) 1,812,033 2,139,889
Total liabilities and members’ equity $ 5,293,477 $ 5,588,412
See accompanying notes to financial statements.
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