Total OPERATING ACTIVITIES latest filing: If they are a contract seller to an end user why such an increase in Receivables W/O an apparent rise in sales of the same magnitude....??? The receivables increased almost twice the net income.. Is that the reason they sold Preferred H to only those that had a relationship with the company.. To find out one would need audited numbers.. Inventory Increase and cash from financing activities were $1,033,000.00..
Net Income $ 366,825
Adjustments to reconcile Net Income to Net Cash provided by operations:
Increase/Decrease in Accounts Receivable 703,805
Increase/Decrease in Inventory 24,428
Increase/Decrease Prepaid Expenses (744)
Increase/Decrease in Accounts Payable (435,476)
Increase/Decrease in Accrued Expenses (57,125)
Increase/Decrease in Investments -
Increase/Decrease in Other Current Liabilities (54,459)
Net cash provided by operating activities 547,254
INVESTING ACTIVITIES
Increase/Decrease in Buildings -
Increase/Decrease in Leasehold Improvements -
Increase/Decrease Furniture & Fixtures (298)
Increase/Decrease Mach. & Equip -
Increase/Decrease in Goodwill -
Increase/Decrease in Organizational Costs -
Increase/Decrease Security Deposits -
Net cash provided by investing activities (298)
FINANCING ACTIVITIES
Increase/Decrease in Notes Payable (102,146)
Increase/Decrease in Mortgage Payable (9,184)
Change in Capital Surplus (131,068)
Change in Common Stock (18,860)
Change in Preferred Stock (69,000)
[color=red]Net cash provided by financing activities (330,258)
Net cash increase for period 216,698
Cash at beginning of the Period 130,042
Cash at end of period $ 346,740
Alliance Creative Group, Inc.
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