Page 33 - Apple Supply Chain Co-op Inc. 2016 Annual Report.
P. 33
CENTRALIZED SUPPLY CHAIN SERVICES, LLC
BALANCE SHEETS
December 31, 2016 and 2015
2016 2015
ASSETS
Current assets
Cash and cash equivalents $ 5,685,512 $ 4,381,760
Accounts receivable, less allowance for doubtful accounts of
$0 and $15,990 at December 31, 2016 and 2015, respectively 959,004 1,781,303
Prepaid expenses 83,805 56,219
Total current assets 6,728,321 6,219,282
Computers and equipment 314,111 314,111
Leasehold improvements 40,530 38,900
354,641 353,011
Accumulated depreciation (300,337) (289,516)
54,304 63,495
Total assets $ 6,782,625 $ 6,282,777
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accounts payable $ 2,219,941 $ 1,931,229
Accrued payroll and related liabilities 1,472,436 1,501,043
Total current liabilities 3,692,377 3,432,272
Members’ equity (Note 1) 3,090,248 2,850,505
Total liabilities and members’ equity $ 6,782,625 $ 6,282,777
See accompanying notes to financial statements.
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