GDT TEK, Inc. - FORM 8-K - EX-99.2 - FINANCIAL INFORMATION

Attached files

file	filename
8-K - CURRENT REPORT ON FORM 8-K - GDT TEK, Inc.	gtd_8k.htm
EX-99.1 - FORM OF PURCHASE AGREEMENT - GDT TEK, Inc.	gtd_8k-ex9901.htm

Exhibit 99.2

Balance Sheet

As of September 30, 2012

	Sept. 30, 2012			Sept. 30, 2011			Change
ASSETS
Current Assets
Cash in Bank		193,511			12,814			180,697
Petty Cash		406			105			301
Total Cash		193,917			12,919			180,998
Accounts Receivable
Acct Receivable		45,679			84,278			(38,598	)
Total Accounts Receivable		45,679			84,278			(38,598	)
Other Current Assets
Notes Receivable		253,359			244,726			8,633
Notes Receivable		132,977			132,276			701
Loan Receivable		17,759			15,399			2,360
Loan Receivable		9,735			31,956			(22,221	)
Total Other Current Assets		413,830			424,357			(10,527	)
Total Current Assets		653,426			521,554			131,873
Fixed Assets
Building and improvements		1,192,862			1,192,080			782
Furniture and office equipment		109,970			109,970			0
Machinery and Equipment		4,565,730			4,523,615			42,114
Vehicles		177,516			177,516			0
Total Fixed Assets		6,046,078			6,003,181			42896
Depreciation
Accumulated Depreciation		(1,856,546	)		(1,607,355	)		(249,191	)
Total Depreciation		(1,856,546	)		(1,607,355	)		(249,191	)
TOTAL ASSETS		4,842,958			4,917,380			(74,422	)
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable		44,640			(3,377	)		48,017
Total Accounts Payable		44,640			(3,377	)		48,017
Credit Cards
Visa		(4,941	)		0			(4,941	)
Total Credit Cards		(4,941	)		0			(4,941	)
Other Current Liabilities
Payroll		(10,484	)		26,713			(37,197	)
Total Other Current Liabilities		(10,484	)		26,713			(37,197	)
Total Current Liabilities		29,215			23,336			5,879
Long Term Liabilities
Loan 004		1,870,845			2,215,535			(344,690	)
Loan 005		472,359			0			472,359
Loan 006		0			528,098			(528,098	)
Total Long Term Liabilities		2,343,204			2,743,633			(400,429	)
Equity
Stock Issued		45,140			45,140			0
Additional Paid in Capital		39,754			39,754			0
Treasury Stock		(265,654	)		(265,654	)		0
Retained Earnings		2,413,721			2,224,876			188,845
Net Income		237,578			106,295			131,283
Total Equity		2,470,539			2,150,411			320,128
TOTAL LIABILITIES & EQUITY		4,842,958			4,917,380			(74,422	)

Profit & Loss November 2011 through October 2012

2011-2012 P&L-EBITDA

	Nov 11		Dec 11		Jan 12		Feb 12		Mar 12		Apr 12		May 12		Jun 12		Jul 12		Aug 12		Sep 12		Oct 12		TOTAL
Ordinary Income/Expense
Income
4010001 · Revenue - Inbound Waste Process		22,152.26		26,554.32		23,509.98		26,251.68		36,464.74		20,816.26		26,821.08		33,275.32		27,220.96		13,959.40		31,694.78		37,265.80		325,986.58
4020001 · Revenue - Power on peak		77,904.36		76,698.77		89,440.92		92,111.48		93,267.16		85,758.75		78,097.45		86,326.02		87,529.21		78,768.21		87,810.85		78,736.24		1,012,449.42
4030001 · Revenue - Power off peak		34,560.10		37,561.74		49,587.78		40,256.84		44,091.30		38,159.53		35,911.02		38,251.33		42,809.86		32,255.93		40,134.28		33,080.42		466,660.13
4050001 · Revenue - Outbound Fuel Pellets		16,345.35		10,013.44		13,773.57		12,283.91		17,560.84		11,581.19		11,995.90		14,843.90		13,763.32		7,695.10		11,928.32		18,424.32		160,209.16
4270000 · Sales		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		615.00		0.00		615.00
Total Income		150,962.07		150,828.27		176,312.25		170,903.91		191,384.04		156,315.73		152,825.45		172,696.57		171,323.35		132,678.64		172,183.23		167,506.78		1,965,920.29

Cost of Goods Sold
Direct labor		10,396.73		10,042.17		8,952.55		8,178.28		12,622.50		10,810.04		11,614.88		12,161.88		12,881.26		17,979.82		11,691.88		11,436.89		138,768.88
Fuel Expense		1,230.37		0.00		4,432.39		1,057.68		327.52		737.87		1,205.13		8,928.86		8,094.00		2,262.06		8,039.32		17.77		36,332.97
Maintenance- Drying		3,193.16		1,207.89		850.53		4,121.92		1,202.46		215.00		1,997.92		3,278.61		915.00		4,706.00		596.95		490.73		22,776.17
Maintenance-Power Production		19,190.64		29,370.49		21,610.39		27,495.22		41,494.96		10,157.69		25,126.57		13,741.12		11,446.78		8,874.33		3,033.11		31,700.81		243,242.11
Other direct Cost of goods		6,775.11		7,691.76		6,788.06		4,755.75		4,920.45		4,257.56		5,466.99		2,097.20		3,399.44		4,329.98		3,429.41		4,139.19		58,050.90
Utilitities		12,214.29		10,513.36		12,636.18		11,397.80		12,167.46		12,190.38		10,592.39		13,493.98		14,703.60		13,540.56		13,541.49		12,766.81		149,758.30
Total COGS		53,000.30		58,825.67		55,270.10		57,006.65		72,735.35		38,368.54		56,003.88		53,701.65		51,440.08		51,692.75		40,332.16		60,552.20		648,929.33

Gross Profit		97,961.77		92,002.60		121,042.15		113,897.26		118,648.69		117,947.19		96,821.57		118,994.92		119,883.27		80,985.89		131,851.07		106,954.58		1,316,990.96

Expense
Insurance		17,245.86		8,892.92		12,128.68		7,492.71		11,761.19		7,516.75		6,216.18		6,995.74		3,888.70		9,149.77		5,197.75		12,810.76		109,297.02
Maintenance		300.00		171.44		0.00		88.00		0.00		246.00		376.02		1,304.22		624.85		953.21		1,285.89		98.00		5,447.63
4020000 · Bank Service Charge		51.00		16.00		16.01		51.10		50.99		85.95		46.00		16.00		16.00		51.00		73.50		42.25		515.80
5160002 · License & Permits		1,980.00		2,025.00		3,960.00		1,980.00		0.00		2,025.00		3,960.00		1,980.00		15.00		1,980.00		2,145.00		1,980.00		24,030.00
5170000 · Linen & Uniform		112.26		111.51		112.58		111.51		167.70		111.53		162.88		135.40		135.40		203.10		135.40		148.52		1,647.79
5200000 · Membership & Renewal Fees		0.00		0.00		694.53		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		694.53
5290000 · Safety Supplies		0.00		0.00		0.00		0.00		129.46		113.42		0.00		0.00		0.00		0.00		0.00		105.50		348.38
5310000 · Rental & Lease		7.91		0.00		50.64		0.00		0.00		7.39		8.18		16.57		8.18		8.18		7.91		7.12		122.08
5390000 · Office Supplies		0.00		107.18		109.50		0.00		197.82		343.07		40.78		150.87		40.51		0.00		134.56		0.00		1,124.29
6019000 · Reimbursement Expense		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		26.60		0.00		0.00		26.60
6250000 · Printing/Office Supplies		116.11		170.46		1,250.93		0.00		700.54		471.66		40.58		0.00		102.38		684.69		162.19		238.55		3,938.09
6310000 · Equipment Rental		200.00		8.18		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		208.18
6340029 · Payroll Processing Fee		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,418.00		0.00		1,418.00
6410029 · Utilities		0.00		0.00		0.00		0.00		0.00		0.00		0.00		1,072.54		0.00		0.00		0.00		0.00		1,072.54
6590199 · Management Salary		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		7,500.00		90,000.00
6600000 · Payroll Expenses		12.50		91.75		121.26		12.50		20.95		14.50		20.30		15.95		23.20		27.55		17.40		17.40		395.26
6600001 · Payroll taxes		718.01		549.85		1,663.80		1,562.59		1,650.93		1,640.35		1,490.71		1,481.35		1,512.48		1,798.48		1,304.09		742.73		16,115.38
6670000 · Professional Fees		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		160.00		0.00		160.00
6750011 · Property taxes - WI		0.00		0.00		20,292.40		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		20,292.40
6810000 · Telephone Expense		150.02		471.92		253.74		240.23		268.83		260.09		574.87		260.24		260.40		578.03		591.77		917.96		4,828.10
8000000 · Supplies		232.03		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		232.03
Total Expense		28,625.70		20,116.21		48,154.08		19,038.64		22,448.41		20,335.71		20,436.50		20,928.88		14,127.10		22,960.62		20,133.46		24,608.80		281,914.10
Net Ordinary Income		69,336.07		71,886.39		72,888.07		94,858.62		96,200.28		97,611.48		76,385.07		98,066.04		105,756.17		58,025.27		111,717.61		82,345.78		1,035,076.86

Other Income/Expense
Other Income
4800000 · Other Misc Income		0.00		1,581.00		0.00		0.00		0.00		0.00		2,126.35		0.00		0.00		22,215.24		0.00		0.00		25,922.59
Total Other Income		0.00		1,581.00		0.00		0.00		0.00		0.00		2,126.35		0.00		0.00		22,215.24		0.00		0.00		25,922.59
Net Income		69,336.07		73,467.39		72,888.07		94,858.62		96,200.28		97,611.48		78,511.42		98,066.04		105,756.17		80,240.51		111,717.61		82,345.78		1,060,999.45

GDT TEK, Inc. - FORM 8-K - EX-99.2 - FINANCIAL INFORMATION - February 20, 2013

Attached files

GDT TEK, Inc. Reports