| Pedals for Progress | |
|---|---|
Balance Sheet | |
| As of September 30, 2020 | |
| Accrual Basis | |
| ASSETS | |
| Current Assets | |
| Checking/Savings | |
| Peapack-Gladstone-Checking-3240 | 6,702.57 |
| Peapack-Gladstone-Savings-3232 | 15,087.96 |
| First Allied Mutual Funds | 36,193.73 |
| Total Checking/Savings | 57,984.26 |
| Accounts Receivable | |
| Accounts Receivable | 1,424.00 |
| Total Accounts Receivable | 1,424.00 |
| Other Current Assets | |
| Undeposited Funds | 930.00 |
| Total Other Current Assets | 930.00 |
| Total Current Assets | 60,338.26 |
| Fixed Assets | |
| Accum. Dep - Equipment | -51,674.49 |
| Equipment | 53,550.54 |
| Tools | 25.50 |
| Total Fixed Assets | 1,901.55 |
| Other Assets | |
| Inventory | -3,096.00 |
| Prepaid Insurance | 6,610.00 |
| Total Other Assets | 3,514.00 |
| TOTAL ASSETS | 65,753.81 |
| ——————— | |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Accounts Payable | |
| Accounts Payable | -1,164.00 |
| Total Accounts Payable | -1,164.00 |
| Other Current Liabilities | |
| SBA/PPP | 19,700.00 |
| Accrued Expense | -5,400.00 |
| Accrued Expenses | 800.00 |
| Total Other Current Liabilities | 15,100.00 |
| Total Current Liabilities | 13,936.00 |
| Total Liabilities | 13,936.00 |
| Equity | |
| Retained Earnings | 55,130.51 |
| Net Income | -3,312.70 |
| Total Equity | 51,817.81 |
| TOTAL LIABILITIES & EQUITY | 65,753.81 |