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Det_Robert_Thorne

02/11/13 1:47 PM

#76314 RE: Eternalist #76306

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