Attached files
| file | filename |
|---|---|
| 8-K/A - LAKELAND INDUSTRIES INC | v176896_8ka.htm |
| EX-10.27 - LAKELAND INDUSTRIES INC | v176896_ex10-27.htm |
| EX-10.30 - LAKELAND INDUSTRIES INC | v176896_ex10-30.htm |
| EX-10.26 - LAKELAND INDUSTRIES INC | v176896_ex10-26.htm |
| EX-10.29 - LAKELAND INDUSTRIES INC | v176896_ex10-29.htm |
| EX-10.24 - LAKELAND INDUSTRIES INC | v176896_ex10-24.htm |
| EX-10.25 - LAKELAND INDUSTRIES INC | v176896_ex10-25.htm |
| EX-10.23 - LAKELAND INDUSTRIES INC | v176896_ex10-23.htm |
Exhibit
10.28
NOTES
TO: QUALYTEXTIL SA - reconciliation of Brazilian GAAP to US GAAP
Balance
sheet as of April 30, 2008
|
(a)
|
Inventory
reserve
|
(29,295 | ) | ||||||
|
Inventory
in transit (a-1)
|
(a-1)
|
1,172,885 | |||||||
|
Total
adjustment to inventory
|
(a)
|
1,143,590 | |||||||
|
(b)
|
Tax
accrual based on US GAAP income
|
(b)
|
42,090 | ||||||
|
(c)
|
Legal
fees not accrued under Brazilian GAAP
|
53,343 | |||||||
|
Misc.
labor accrual
|
9,888 | ||||||||
|
Installment
plan taxes not accrued - outsourcing sales contractor
|
271,353 | ||||||||
|
Installment
plan taxes not accrued - outsourcing labor contractor
|
43,923 | ||||||||
|
Sales
representative commission not accrued
|
15,457 | ||||||||
|
Total
adjustment to other debts
|
(c)
|
393,964 | |||||||
|
(d)
|
Tax
accrual based on US GAAP income
|
(42,090 | ) | ||||||
|
Various
accruals per (c ) above
|
(393,964 | ) | |||||||
|
Capital
reserve reversal recognized as income
|
47,944 | ||||||||
|
Inventory
reserve
|
(29,295 | ) | |||||||
|
Net
adjustment to accumulated losses
|
(d)
|
(417,405 | ) | ||||||
|
(e)
|
Capital
reserve reversal recognized as income
|
(e)
|
(47,944 | ) | |||||
|
(f)
|
To
reclassify as intangible assets for trademarks and
tradenames
|
||||||||
|
(g)
|
To
combine debt onto one line item
|