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Re: Eternalist post# 76306

Monday, 02/11/2013 1:47:42 PM

Monday, February 11, 2013 1:47:42 PM

Post# of 241589
I was talking about the 3Q report.

In the 3Q report, they show Total Assets as $8,131,147.52

In the liabilities section, they state:

Total Current Liabilities (TCL): $624,006.93
Total Equity (TE): $8,755,154.45

Those two added together should show the total Liabilities and Equity, which if you add them, would total about $9.4M, which doesn't equal the Total Assets.

However, if you subtract the TCL from TE, you get:

$8,755,154.45 - $624,006.93 = $8,131,147.52
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