Page 308 - Onboarding May 2017
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CENTRALIZED SUPPLY CHAIN SERVICES, LLC
BALANCE SHEETS
December 31, 2015 and 2014
2015 2014
ASSETS
Current assets
Cash and cash equivalents $ 4,381,760 $ 4,113,254
Accounts receivable, less allowance for doubtful accounts
of $15,990 in 2015 1,781,303 1,058,393
Prepaid expenses 56,219 13,372
Total current assets 6,219,282 5,185,019
Computers and equipment 314,111 286,245
Leasehold improvements 38,900 -
353,011 286,245
Accumulated depreciation (289,516) (285,644)
63,495 601
Total assets $ 6,282,777 $ 5,185,620
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accounts payable $ 1,931,229 $ 1,027,659
Accrued payroll and related liabilities 1,501,043 1,540,376
Total current liabilities 3,432,272 2,568,035
Members’ equity (Note 1) 2,850,505 2,617,585
Total liabilities and members’ equity $ 6,282,777 $ 5,185,620
See accompanying notes to financial statements.
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