- 16 - 10/31/94 10/31/95 10/31/96 Assets Current assets $2,898,541 $3,584,901 $3,295,219 Property and equipment 877,553 1,032,037 1,118,592 Other assets 106,309 101,710 92,286 Total assets 3,882,403 4,718,648 4,506,097 Liabilities Current liabilities 827,931 1,584,793 1,114,378 Long-term debt 149,780 243,107 257,842 Total liabilities 977,711 1,827,900 1,372,220 Stockholders Equity Common stock 2,000 2,000 2,000 Paid-in capital 332,372 332,372 332,372 Retained earnings 2,728,204 2,714,260 2,957,389 Treasury stock (157,884) (157,884) (157,884) Total equity 2,904,692 2,890,748 3,133,877 Total liabilities and equity 3,882,403 4,718,648 4,506,097 From 1986 to 1993, Dennis and Curtis made loans to petitioner, which were unsecured. The outstanding loan amounts petitioner owed to Dennis and Curtis on the last day of fiscal years ending October 31, as reflected on petitioner's financial statements, were as follows: Fiscal Year Loan Amounts 1986 $198,982 1987 131,574 1988 153,484 1989 351,424 1990 547,621 1991 496,838 1992 51,729 1993 -0-Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
Last modified: May 25, 2011