Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - AMERICAN INTERNATIONAL HOLDINGS CORP. | dclt_8k.htm |
| EX-17 - EXHIBIT 17.2 - AMERICAN INTERNATIONAL HOLDINGS CORP. | exh17_2.htm |
| EX-17 - EXHIBIT 17.1 - AMERICAN INTERNATIONAL HOLDINGS CORP. | exh17_1.htm |
| EX-99 - EXHIBIT 99.2 - AMERICAN INTERNATIONAL HOLDINGS CORP. | exh99_2.htm |
DELTA SEABOARD INTERNATIONAL, INC. |
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Consolidated Balance Sheets |
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| Adjustment for | Adjustment for | Adjusted | ||
December 31, 2011 |
Preferred Agreement | Sale to R and R | December 31, 2011 | |
| Assets | ||||
| Current assets: | ||||
| Cash and cash equivalents | $10,655 |
$1,589,345 |
$1,600,000 |
|
| Certificates of deposit | 0 |
0 |
||
| Trading securities | 105 |
(105) |
0 |
|
| Accounts receivable, less allowance for doubtful accounts of $55,087 | 1,469,406 |
(1,469,406) |
0 |
|
| Inventories | 1,862,098 |
(1,862,098) |
0 |
|
| Prepaid expenses and other current assets | 235,076 |
(235,076) |
0 |
|
| Total current assets | 3,577,340 |
0 |
(1,977,340) |
1,600,000 |
| Property and equipment, net of accumulated depreciation | 1,701,186 |
(1,701,186) |
0 |
|
| Note receivable | 0 |
1,400,000 |
1,400,000 |
|
| Other assets | 6,500 |
(6,500) |
0 |
|
| Total assets | 5,285,026 |
0 |
(2,285,026) |
3,000,000 |
| Liabilities and Equity | ||||
| Current liabilities: | ||||
| Accounts payable and accrued expenses | 486,684 |
(486,684) |
0 |
|
| Accounts payable - related party | 740 |
65,000 |
65,740 |
|
| Bank overdrafts | 81,392 |
(81,392) |
0 |
|
| Dividends payable | 1,035,000 |
(1,035,000) |
0 |
|
| Short-term notes payable | 169,080 |
(80,000) |
(89,080) |
0 |
| Current installments of long-term debt | 2,106,701 |
(2,106,701) |
0 |
|
| Total current liabilities | 3,879,597 |
(1,050,000) |
(2,763,857) |
65,740 |
| Long-term debt, less current installments | 49,843 |
(49,843) |
0 |
|
| Total liabilities | 3,929,440 |
(1,050,000) |
(2,813,700) |
65,740 |
| Commitments and contingencies | 0 |
0 |
||
| Equity: | ||||
| Preferred stock, $0.0001 par value, authorized 5,000,000 shares; | ||||
| 3,769,626 shares issued and outstanding | 377 |
(377) |
0 |
|
| Common stock, $0.0001 par value, authorized 195,000,000 shares; | ||||
| 70,892,250 and 74,661,876 shares issued, respectively; | ||||
| 70,882,250 and 74,651,876 shares outstanding, respectively | 7,089 |
377 |
7,466 |
|
| Additional paid-in capital | 4,277,438 |
0 |
(1,028,869) |
3,248,569 |
| Accumulated deficit | (2,928,578) |
1,050,000 |
1,557,543 |
(321,035) |
| Less treasury stock, at cost; 10,000 amd 0 shares, respectively | (740) |
(740) |
||
| Total stockholders' equity | 1,355,586 |
1,050,000 |
528,674 |
2,934,260 |
| Total liabilities and stockholders' equity | $5,285,026 |
$0 |
$(2,285,026) |
$3,000,000 |