|
|
|
|
|
| Title | Back Cover |
| Full Text | Edmark Corporation Statements of Changes in Financial Position For the Years Ende.LJ.inf.il). SOURU.SOl'WORKIM.CAPITAI Net income before extraordinary item $ 37, 590 S 36, 071 $ 10, 038 Add items not requiring an outlay of working capital: Depreciation and amortization 35, 940 34, 027 30, 930 Loss on disposition ol equipment — 3, 690 — Working capital prodded Irom operations before extraordinary item 73, 530 73, 788 40, 968 'lax benefit ol net operating loss carryforward 7, 337 7, 004 1, 771 Working capital provided from operations 80, 867 80, 792 42, 739 Proceeds front- Increase in long term debt 215, 000 78, 806 219, 800 Disposition ot equipment 4.0 8 — Reduction of deposits 5, 000 Saleofcommon stock 1, 215, 694 (.louvers:.ni ol debt ro common stock 9, 825 APPLICATIONS OF WORKING CAPITAL Offering costs incurred 269, 338 9, 769 Payments and current maturities of long term debt 435, 854 55, 924 38, 712 Acquisition of equipment 37, 436 36, 166 23, 682 Conversion of debt to common stock 9, 825 — — Increase in deposits - 3, 728 1, 255 752, 453 105, 587 63, 649 Increase m working capital S 773, 933 $ 58, 089 $198, 890 The accompanying notes are an integral part of these Hn; |
|
|
|
|
|
