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CENTRALIZED SUPPLY CHAIN SERVICES, LLC
BALANCE SHEETS
December 31, 2017 and 2016
2017 2016
ASSETS
Current assets
Cash and cash equivalents $ 4,432,970 $ 5,685,512
Accounts receivable 1,088,141 959,004
Prepaid expenses 23,733 83,805
Total current assets 5,544,844 6,728,321
Computers and equipment 314,111 314,111
Leasehold improvements 40,530 40,530
354,641 354,641
Accumulated depreciation (311,073) (300,337)
43,568 54,304
Total assets $ 5,588,412 $ 6,782,625
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accounts payable $ 1,878,294 $ 2,219,941
Accrued payroll and related liabilities 1,570,229 1,472,436
Total current liabilities 3,448,523 3,692,377
Members’ equity (Note 1) 2,139,889 3,090,248
Total liabilities and members’ equity $ 5,588,412 $ 6,782,625
See accompanying notes to financial statements.
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