36
Financials
2013 2012
ASSETS
Current
Cash $ 523,976 $ 245,063
Accounts receivable 322,650 295,574
Prepaid expenses and sundry assets 12,978 19,340
Due from related company 256,290 208,905
1,115,894 768,882
Capital - at cost less accumulated amortization 125,268 175,241
$ 1,241,162 $ 944,123
LIABILITIES
Current
Accounts payable and accrued liabilities $ 194,993 $ 131,257
Withholding taxes payable 14,270 15,169
Deferred revenues 488,475 248,698
697,738 395,124
Long-term
Deferred capital contributions 90,399 123,889
788,137 519,013
NET ASSETS
Unrestricted net assets 453,025 425,110
$ 1,241,162 $ 944,123
2013
Total
2012
Total
Balance Beginning of year $ 425,110 $ 379,418
Excess of revenues over expenses 27,915 45,692
Balance End of year $ 453,025 $ 425,110
