CE SOFTWARE, INC.
Balance Sheets
June 30, 2003 and September 30, 2002
(Unaudited)
 

 

June 30

September 30

Assets

 

 

Current assets:

 

 

   Cash and cash equivalents

$ 30,009

$ 180,899

   Trade accounts receivable

74,569

172,482

   Inventories

79,671

79,454

   Other current assets

   62,331

   72,976

      Total current assets

 246,580

 505,811

     
Property, fixtures, and equipment:    
   Land

82,877

82,877

   Building

1,312,016

1,312,016

   Fixtures and equipment

2,076,490

2,449,671

      Total property, fixtures, and equipment

3,471,383

3,844,564

   Less accumulated depreciation

2,557,910

2,874,481

      Net property, fixtures, and equipment

   913,473

   970,083

     
Intangible assets, net of amortization

32,767

80,118

Other assets

    34,329

    24,551

      Total assets

$1,227,149
========

$1,580,563
========

     
Liabilities and Stockholders' Equity    
Current liabilities:    
   Current portion of long-term debt

$ 43,347

$ 40,536

   Trade accounts payable

125,952

67,103

   Accrued payroll and benefits

80,172

87,938

   Other accrued payables

46,090

62,782

   Deferred revenue

      -

    3,341

      Total current liabilities

295,561

261,700

Long-term debt, net of current portion

 401,167

 434,113

      Total liabilities

 696,728

 695,813

     
Stockholders' equity:    
   Common stock

144,830

145,498

   Additional paid-in capital

1,556,900

1,557,903

   Accumulated deficit

(1,171,309)

 (818,651)

      Total stockholders' equity

    530,421

    884,750

      Total liabilities and stockholders' equity

$1,227,149
========

$1,580,563
========

Balance Sheets        Statements of Operations        Statement of Cash Flow