His is from the filings showing the 6 milly gone like a cheap bottle of wine. Glad I could help. We all know their structure to borrow money and make the books look good, like showing a profit on borrowed money. That is what Enron did. How did that work at Enron?
Financial Statements – Page 1
Balance Sheets
CGROWTH CAPITAL, INC.
AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
ASSETS
March 31, 2017
December 31, 2016
CURRENT ASSETS:
Cash and cash equivalents
$
83,096
$
262,508
Accounts receivable
101,708
46,174
Interest receivable
222,658
105,499
Non-depreciable current assets, net
80,025
80,025
Prepaid insurance
7,188
7,188
Well bond deposits
57,000
57,000
Total Current Assets
551,675
558,394
FIXED ASSETS:
Property and equipment, net
8,247,512
7,980,545
Bond assets, net
12,216,527
12,049,375
Investments
17,000
Total Fixed Assets
20,464,039
20,046,920
OTHER ASSETS:
Bond Origination Fees, net (10-year)
4,443,124
4,347,864
Total Other Assets
4,443,124
4,347,864
TOTAL ASSETS
$
25,458,838
$
24,953,178
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable
$
690,417
$
686,517
Accrued interest – Bond
602,313
261,768
Assumed liabilities
503,685
503,685
Notes payable and accrued interest
429,599
427,865
Loans payable, current portion
4,070
4,020
Total Current Liabilities
1,539,668
1,883,855
LONG TERM LIABILITIES:
Loans payable - Chewelah
223,648
224,692
Bond liabilities
18,282,800
17,383,503
Total Long Term Liabilities
18,506,448
17,608,195
TOTAL LIABILITIES
20,736,533
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