Exhibit (c)(3)
US 1 Industries, Inc.
Projections for September 2010
December 31, 2009 | January 31, 2010 | February 28, 2010 | March 31, 2010 | April 30, 2010 | May 31, 2010 | June 30, 2010 | July 31, 2010 | August 31, 2010 | ||||||||||||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||||||||||||||||||
ASSETS: | ||||||||||||||||||||||||||||||||||||
CASH | (1,628,383 | ) | (1,983,565 | ) | (1,824,945 | ) | (2,104,088 | ) | (2,410,798 | ) | (2,035,980 | ) | (2,035,440 | ) | (2,531,142 | ) | (187,363 | ) | ||||||||||||||||||
RESTRICTED STOCK | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
ACCOUNTS RECEIVABLE-TRADE: | ||||||||||||||||||||||||||||||||||||
GROSS RECEIVABLES | 27,762,001 | 27,672,108 | 29,498,161 | 30,899,861 | 30,414,270 | 32,118,288 | 32,000,767 | 32,545,305 | 33,154,979 | |||||||||||||||||||||||||||
ALLOWANCE FOR DOUBTFUL ACCTS | (1,147,031 | ) | (1,107,414 | ) | (1,240,676 | ) | (1,227,498 | ) | (1,274,346 | ) | (1,243,892 | ) | (1,114,877 | ) | (1,104,921 | ) | (1,144,522 | ) | ||||||||||||||||||
A/R-TRADE, NET | 26,614,970 | 26,564,694 | 28,257,485 | 29,672,363 | 29,139,924 | 30,874,396 | 30,885,890 | 31,440,384 | 32,010,457 | |||||||||||||||||||||||||||
INTER COMPANY | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
OTHER RECEIVABLES | 4,433,582 | 5,035,335 | 5,089,906 | 5,359,931 | 5,193,606 | 5,364,872 | 5,369,007 | 5,008,458 | 5,316,582 | |||||||||||||||||||||||||||
DIVIDEND RECEIVABLE | (6,555 | ) | (6,555 | ) | (6,555 | ) | 65,445 | 65,445 | 65,445 | 65,445 | 65,445 | 65,445 | ||||||||||||||||||||||||
CURRENT DEFERRED TAX ASSET | 975,178 | 975,178 | 975,178 | 975,178 | 975,178 | 975,178 | 975,178 | 975,178 | 975,178 | |||||||||||||||||||||||||||
PREPAID ASSETS | 576,346 | 623,089 | 591,913 | 656,021 | 697,820 | 848,257 | 767,317 | 769,036 | 829,632 | |||||||||||||||||||||||||||
DEPOSITS | 1,047,462 | 1,040,888 | 1,040,848 | 1,040,888 | 1,032,026 | 1,028,728 | 1,025,736 | 1,036,288 | 994,595 | |||||||||||||||||||||||||||
TOTAL CURRENT ASSETS | 32,012,600 | 32,249,064 | 34,123,830 | 35,665,738 | 34,693,201 | 37,120,896 | 37,053,133 | 36,763,647 | 40,004,526 | |||||||||||||||||||||||||||
FIXED ASSETS: | ||||||||||||||||||||||||||||||||||||
EQUIPMENT | 2,331,649 | 1,462,064 | 1,440,165 | 1,427,290 | 1,415,172 | 1,306,104 | 1,311,266 | 1,295,097 | 1,298,816 | |||||||||||||||||||||||||||
LEASEHOLD IMPROVEMENTS | 347,886 | 347,781 | 347,781 | 347,781 | 347,781 | 347,781 | 347,781 | 347,781 | 347,781 | |||||||||||||||||||||||||||
TOTAL | 2,679,535 | 1,809,845 | 1,787,946 | 1,775,071 | 1,762,953 | 1,653,885 | 1,659,047 | 1,642,878 | 1,646,597 | |||||||||||||||||||||||||||
ACCUMULATED DEPRECIATION | (1,353,102 | ) | (956,992 | ) | (959,183 | ) | (964,965 | ) | (971,285 | ) | (880,412 | ) | (895,489 | ) | (899,758 | ) | (914,654 | ) | ||||||||||||||||||
NET FIXED ASSETS | 1,326,433 | 852,853 | 828,763 | 810,106 | 791,668 | 773,473 | 763,558 | 743,120 | 731,943 | |||||||||||||||||||||||||||
ASSETS HELD FOR SALE: | ||||||||||||||||||||||||||||||||||||
LAND | 195,347 | 195,347 | 195,347 | 195,347 | 195,347 | 195,347 | 195,347 | 195,347 | 195,347 | |||||||||||||||||||||||||||
WORK IN PROGRESS | 68,735 | 144,929 | 144,929 | 144,929 | 187,137 | 150,000 | 150,000 | 150,000 | 150,000 | |||||||||||||||||||||||||||
NON-CURRENT DEPOSITS | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||
TOTAL | 264,082 | 340,276 | 340,276 | 340,276 | 382,484 | 345,347 | 345,347 | 345,347 | 345,347 | |||||||||||||||||||||||||||
ACCUMULATED DEPRECIATION | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
VALUATION ALLOWANCE | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
NET ASSETS HELD FOR SALE | 264,082 | 340,276 | 340,276 | 340,276 | 382,484 | 345,347 | 345,347 | 345,347 | 345,347 | |||||||||||||||||||||||||||
NON CURRENT DEFERRED TAX ASSET | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | 1,107,575 | |||||||||||||||||||||||||||
OTHER ASSETS | 126,461 | 126,461 | 126,461 | 126,461 | 126,461 | 126,461 | 126,461 | 126,461 | 126,461 | |||||||||||||||||||||||||||
NOTE RECEIVABLE | 833,651 | 817,835 | 762,168 | 732,288 | 716,939 | 679,824 | 838,324 | 800,780 | 734,061 | |||||||||||||||||||||||||||
ACQUISITION-RELATED INTANGIBLES | 2,812,672 | 2,748,785 | 2,684,899 | 2,621,012 | 2,557,125 | 2,493,238 | 2,429,351 | 2,365,464 | 2,301,578 | |||||||||||||||||||||||||||
GOODWILL | 1,780,639 | 1,391,741 | 1,391,741 | 1,391,741 | 1,391,741 | 1,391,741 | 1,391,741 | 1,391,741 | 1,391,741 | |||||||||||||||||||||||||||
TOTAL ASSETS | 40,264,113 | 39,634,590 | 41,365,713 | 42,795,197 | 41,767,194 | 44,038,555 | 44,055,490 | 43,644,135 | 46,743,232 |
LIABILITIES AND EQUITY: | ||||||||||||||||||||||||||||||||||||
LINE OF CREDIT | 9,592,474 | 7,788,123 | 7,760,362 | 9,376,261 | 9,813,481 | 10,146,107 | 9,352,089 | 8,903,491 | 9,857,443 | |||||||||||||||||||||||||||
CAPITAL LEASES (CURRENT) | 30,246 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||
NOTES PAYABLE (CURRENT) | 642,413 | 280,695 | 279,121 | 27,760 | 24,990 | 24,532 | 22,828 | 20,032 | 20,084 | |||||||||||||||||||||||||||
OFFICERS' NOTES PAYABLE | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||
ACCRUED INTEREST | 47,057 | 39,549 | 39,374 | 45,378 | 47,858 | 34,626 | 38,328 | 33,999 | 32,699 | |||||||||||||||||||||||||||
ACCRUED EXPENSES | 617,985 | 596,264 | 745,639 | 850,638 | 800,586 | 757,242 | 840,582 | 784,735 | 884,884 | |||||||||||||||||||||||||||
ACCOUNTS PAYABLE - TRADE | 8,668,903 | 9,397,286 | 10,195,002 | 10,414,358 | 10,507,313 | 10,451,009 | 10,858,655 | 10,701,636 | 12,545,199 | |||||||||||||||||||||||||||
ACCOUNTS PAYABLE - COMDATA | 870,008 | 1,559,418 | 1,615,191 | 1,495,231 | 1,063,236 | 1,813,140 | 1,667,962 | 1,291,833 | 943,688 | |||||||||||||||||||||||||||
INSURANCE AND CLAIMS | 1,435,924 | 1,410,509 | 1,426,154 | 1,681,347 | 1,616,730 | 1,597,125 | 1,613,836 | 1,662,614 | 1,587,670 | |||||||||||||||||||||||||||
OTHER ACCRUED COMPENSATION | 23,359 | 28,765 | 28,765 | 52,294 | 66,991 | 73,239 | 84,341 | 32,537 | 46,553 | |||||||||||||||||||||||||||
FUEL & OTHER TAXES | 721,697 | 778,941 | 775,323 | 856,828 | 871,183 | 885,976 | 1,158,642 | 1,172,986 | 1,173,147 | |||||||||||||||||||||||||||
TOTAL CURRENT LIABILITIES | 22,650,066 | 21,879,550 | 22,864,931 | 24,800,095 | 24,812,368 | 25,782,996 | 25,637,263 | 24,603,863 | 27,091,367 | |||||||||||||||||||||||||||
NOTES PAYABLE - LONG TERM | 146,878 | 52,706 | 51,023 | 49,330 | 47,637 | 45,990 | 44,236 | 42,529 | 40,817 | |||||||||||||||||||||||||||
CAPITAL LEASES - LONG TERM | 56,241 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||
NONCONTROLLING INTEREST | 221,037 | 385,149 | 475,937 | 547,062 | 108,774 | 294,166 | 468,100 | 711,083 | 957,333 | |||||||||||||||||||||||||||
SHAREHOLDERS' EQUITY: | ||||||||||||||||||||||||||||||||||||
PREFERRED STOCK | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||
COMMON STOCK | 46,546,638 | 46,545,638 | 46,545,638 | 46,546,638 | 46,546,638 | 46,546,638 | 46,546,638 | 46,546,638 | 46,546,638 | |||||||||||||||||||||||||||
TREASURY STOCK | (952,513 | ) | (951,513 | ) | (951,513 | ) | (952,513 | ) | (952,513 | ) | (952,513 | ) | (952,513 | ) | (952,513 | ) | (952,513 | ) | ||||||||||||||||||
RETAINED EARNINGS: | ||||||||||||||||||||||||||||||||||||
BAL FWD 12/2008 | (26,249,635 | ) | (28,835,948 | ) | (28,835,947 | ) | (28,735,024 | ) | (28,735,024 | ) | (28,735,024 | ) | (28,735,024 | ) | (28,735,024 | ) | (28,735,024 | ) | ||||||||||||||||||
EQUITY ADJUSTMENT | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||||||||||||||||||||||||||
ADDITIONAL PAID IN CAPITAL | 431,711 | 432,518 | 433,324 | 434,130 | 434,937 | 435,743 | 436,550 | 437,356 | 438,163 | |||||||||||||||||||||||||||
DIVIDENDS DECLARED | 0 | 0 | 0 | 0 | (800,000 | ) | 0 | 0 | 0 | - | ||||||||||||||||||||||||||
CURRENT YEAR INCOME/(LOSS) | (2,586,310 | ) | 126,486 | (30,740 | ) | 105,479 | 304,376 | 620,560 | 610,240 | 990,202 | 1,356,451 | |||||||||||||||||||||||||
TOTAL EQUITY | 17,189,891 | 17,317,181 | 17,160,762 | 17,398,710 | 16,798,414 | 17,915,404 | 17,905,891 | 18,286,659 | 18,653,715 | |||||||||||||||||||||||||||
TOTAL LIABILITIES & EQUITY | 40,264,113 | 39,634,586 | 40,552,653 | 42,795,197 | 41,767,193 | 44,038,556 | 44,055,490 | 43,644,134 | 46,743,232 |
STATEMENT OF OPERATIONS | 1/30/2006 | 2/27/2006 | 3/30/2006 | 4/29/2006 | 5/30/2006 | 6/29/2006 | 7/29/2006 | 8/30/2006 | ||||||||||||||||||||||||
OPERATING REVENUES: | 14,636,585 | 14,823,510 | 18,104,003 | 17,332,821 | 16,925,328 | 18,403,835 | 17,865,316 | 19,246,360 | ||||||||||||||||||||||||
SUBSIDIARIES | (22,702 | ) | (23,325 | ) | (30,301 | ) | (27,070 | ) | (27,113 | ) | (30,487 | ) | (28,042 | ) | (30,157 | ) | ||||||||||||||||
OTHER | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Total Revenue | 14,613,883 | 14,800,185 | 18,073,702 | 17,305,751 | 16,898,215 | 18,373,348 | 17,837,274 | 19,216,203 | ||||||||||||||||||||||||
OPERATING EXPENSES | ||||||||||||||||||||||||||||||||
PURCHASED TRANSPORTATION | 9,901,725 | 10,310,397 | 12,647,798 | 11,987,666 | 11,718,814 | 12,678,339 | 12,015,286 | 13,254,291 | ||||||||||||||||||||||||
INSURANCE & CLAIMS | 479,884 | 552,236 | 456,866 | 554,193 | 438,007 | 530,683 | 617,387 | 418,353 | ||||||||||||||||||||||||
SALARIES OPERATIONS | 638,005 | 446,761 | 461,907 | 478,810 | 543,054 | 525,445 | 492,934 | 464,198 | ||||||||||||||||||||||||
SALARIES ADMINISTRATIVE | 380,848 | 495,069 | 537,648 | 535,290 | 491,099 | 521,108 | 655,465 | 583,961 | ||||||||||||||||||||||||
COMMISSIONS | 2,357,662 | 2,115,602 | 2,525,171 | 2,460,672 | 2,439,620 | 3,019,973 | 2,700,189 | 2,873,663 | ||||||||||||||||||||||||
OPERATING SUPPLIES & EXPENSES | 349,504 | 451,389 | 402,668 | 473,648 | 431,276 | 443,637 | 313,225 | 362,840 | ||||||||||||||||||||||||
OPERATING TAXES & LICENSES | 4,398 | 4,728 | 14,170 | 10,156 | 15,221 | (462 | ) | 12,933 | 6,167 | |||||||||||||||||||||||
COMMUNICATIONS & UTILITIES | 47,455 | 53,193 | 70,301 | 67,675 | 56,631 | 53,777 | 57,693 | 56,621 | ||||||||||||||||||||||||
RENTS | 123,005 | 141,544 | 110,237 | 116,788 | 109,771 | 111,101 | 118,891 | 119,124 | ||||||||||||||||||||||||
DEPRECIATION & AMORTIZATION | 15,513 | 15,330 | 15,184 | 15,049 | 9,050 | 20,919 | 14,807 | 14,896 | ||||||||||||||||||||||||
AMORTIZATION OF INTANGIBLE ASSET | 63,887 | 63,887 | 63,886 | 63,887 | 69,730 | 58,044 | 63,887 | 63,886 | ||||||||||||||||||||||||
BAD DEBT EXPENSE | 21,157 | 140,112 | 67,567 | 50,273 | (4,978 | ) | (45,452 | ) | 34,632 | 259,752 | ||||||||||||||||||||||
SAFETY EXPENSE/TESTING | 39,040 | 44,851 | 55,931 | 41,699 | 46,001 | 56,417 | 70,358 | 77,702 | ||||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 14,422,083 | 14,835,099 | 17,429,334 | 16,855,806 | 16,363,296 | 17,973,529 | 17,167,687 | 18,555,454 | ||||||||||||||||||||||||
OPERATING INCOME (LOSS) | 191,800 | (34,914 | ) | 644,368 | 449,945 | 534,919 | 399,819 | 669,587 | 660,749 | |||||||||||||||||||||||
OTHER INCOME <EXPENSE>: | ||||||||||||||||||||||||||||||||
INTEREST INCOME | 4,441 | 8,759 | 9,440 | 5,632 | 6,829 | 9,930 | 3,950 | 2,363 | ||||||||||||||||||||||||
INTEREST (EXPENSE) | (43,073 | ) | (45,316 | ) | (121,685 | ) | (51,234 | ) | (31,545 | ) | (38,924 | ) | (35,476 | ) | (33,488 | ) | ||||||||||||||||
INTERCOMPANY INTEREST EXPENSE | - | - | - | - | - | - | - | 371 | ||||||||||||||||||||||||
SALE OF FIXED ASSETS | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
PUBLIC COSTS | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
INCOME TAX BENEFIT | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
OTHER | 146,994 | 8,519 | (156,727 | ) | 180 | 4,867 | 77,193 | (448 | ) | 400 | ||||||||||||||||||||||
TOTAL OTHER INCOME (EXPENSE) | 108,362 | (28,038 | ) | (268,972 | ) | (45,422 | ) | (19,849 | ) | 48,199 | (31,974 | ) | (30,354 | ) | ||||||||||||||||||
NET INCOME BEFORE MINORITY INTEREST EXPENSE | 300,162 | (62,952 | ) | 375,396 | 404,523 | 515,070 | 448,018 | 637,613 | 630,395 | |||||||||||||||||||||||
MINORITY INTEREST EXPENSE | 164,112 | 90,788 | 63,597 | 193,712 | 185,392 | 173,934 | 242,983 | 246,250 | ||||||||||||||||||||||||
NET BEFORE TAX PROVISION | 136,050 | (153,740 | ) | 311,799 | 210,811 | 329,678 | 274,084 | 394,630 | 384,145 | |||||||||||||||||||||||
TAX PROVISION: | ||||||||||||||||||||||||||||||||
INTERCOMPANY FEDERAL INCOME TAX | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
FEDERAL INCOME TAXES | - | - | (117,767 | ) | - | - | (222,707 | ) | - | - | ||||||||||||||||||||||
STATE INCOME TAXES | (9,565 | ) | (3,484 | ) | (57,813 | ) | (11,915 | ) | (13,494 | ) | (61,697 | ) | (14,668 | ) | (17,897 | ) | ||||||||||||||||
NET INCOME (LOSS) AFTER TAX PROVISION | 126,485 | (157,224 | ) | 136,219 | 198,896 | 316,184 | (10,320 | ) | 379,962 | 366,248 |
Working Capital | December 31, 2009 | January 31, 2010 | February 28, 2010 | March 31, 2010 | April 30, 2010 | May 31, 2010 | June 30, 2010 | July 31, 2010 | August 31, 2010 | |||||||||||||||||||||||||||
Total Current Assets | 32,012,600 | 32,249,064 | 34,123,830 | 35,665,738 | 34,693,201 | 37,120,896 | 37,053,133 | 36,763,647 | 40,004,526 | |||||||||||||||||||||||||||
Less: Total Current Liabilities | (22,650,066 | ) | (21,879,550 | ) | (22,864,931 | ) | (24,800,095 | ) | (24,812,368 | ) | (25,782,996 | ) | (25,637,263 | ) | (24,603,863 | ) | (27,091,367 | ) | ||||||||||||||||||
Add back Line of credit | 9,592,474 | 7,788,123 | 7,760,362 | 9,376,261 | 9,813,481 | 10,146,107 | 9,352,089 | 8,903,491 | 9,857,443 | |||||||||||||||||||||||||||
18,955,008 | 18,157,637 | 19,019,261 | 20,241,904 | 19,694,314 | 21,484,007 | 20,767,959 | 21,063,275 | 22,770,602 |
CASH FLOW | December 31, 2009 | January 31, 2010 | February 28, 2010 | March 31, 2010 | April 30, 2010 | May 31, 2010 | June 30, 2010 | July 31, 2010 | August 31, 2010 | |||||||||||||||||||||||||||
Net (loss) Income | 105,479 | 610,240 | 990,202 | |||||||||||||||||||||||||||||||||
Depreciation and amortization | 237,687 | 474,368 | 553,060 | |||||||||||||||||||||||||||||||||
Loss (Gain) on disposal of assets | 1,027 | (4,020 | ) | (3,494 | ) | |||||||||||||||||||||||||||||||
Stock Compensation expense | 2,419 | 4,839 | 5,645 | |||||||||||||||||||||||||||||||||
Compensation expense restricted stock grant to officers | - | - | - | |||||||||||||||||||||||||||||||||
Provision for bad debts | 228,836 | 228,679 | 263,311 | |||||||||||||||||||||||||||||||||
Amortization of discount on covertible note | - | - | - | |||||||||||||||||||||||||||||||||
Deferred Tax Benefit | - | - | - | |||||||||||||||||||||||||||||||||
Noncontrolling interest expense | 318,497 | 871,535 | 1,114,518 | |||||||||||||||||||||||||||||||||
Accounts receivable | (3,312,192 | ) | (4,525,562 | ) | (5,114,688 | ) | ||||||||||||||||||||||||||||||
Other receivables | (763,749 | ) | (772,825 | ) | (412,276 | ) | ||||||||||||||||||||||||||||||
Notes Receivable | 101,363 | (4,673 | ) | 32,871 | ||||||||||||||||||||||||||||||||
Dividend Receivable | - | - | - | |||||||||||||||||||||||||||||||||
Prepaid expenses | (174,101 | ) | (270,245 | ) | (282,516 | ) | ||||||||||||||||||||||||||||||
Deposits & other assets | - | - | - | |||||||||||||||||||||||||||||||||
Accounts payable | 2,759,233 | 3,376,260 | 2,843,114 | |||||||||||||||||||||||||||||||||
Accrued expenses | 232,653 | 222,597 | 166,750 | |||||||||||||||||||||||||||||||||
Accrued interest | (1,679 | ) | (8,729 | ) | (13,058 | ) | ||||||||||||||||||||||||||||||
Insurance and claims | 245,423 | 177,912 | 226,690 | |||||||||||||||||||||||||||||||||
Other Accrued Expenses | 28,935 | 60,982 | 9,178 | |||||||||||||||||||||||||||||||||
Other Taxes Payable | 135,131 | 436,945 | 451,289 | |||||||||||||||||||||||||||||||||
NET CASH (USED IN) PROVIDED BY OPERATING ACT. | 144,962 | 878,302 | 830,596 | |||||||||||||||||||||||||||||||||
Additions to fixed assets | (86,206 | ) | (101,701 | ) | (103,095 | ) | ||||||||||||||||||||||||||||||
Other | - | - | - | |||||||||||||||||||||||||||||||||
Proceeds from sales of fixed assets | 14,000 | 31,000 | 37,500 | |||||||||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (72,206 | ) | (70,701 | ) | (65,595 | ) | ||||||||||||||||||||||||||||||
Net (Repayments) borrowings under line of credit | (216,213 | ) | (240,385 | ) | (688,983 | ) | ||||||||||||||||||||||||||||||
Proceeds (Principal payments) of from long term debt | - | - | - | |||||||||||||||||||||||||||||||||
Change in bank overdraft | 451,014 | 382,366 | 878,068 | |||||||||||||||||||||||||||||||||
Capital Lease Payments | - | - | - | |||||||||||||||||||||||||||||||||
Net Repayments of) proceeds from shareholder debts | - | - | - | |||||||||||||||||||||||||||||||||
Repurchase of treasury stock | - | - | - | |||||||||||||||||||||||||||||||||
Dividends declared | - | - | - | |||||||||||||||||||||||||||||||||
Distribution to minority interest | (48,000 | ) | (680,000 | ) | (680,000 | ) | ||||||||||||||||||||||||||||||
CASH PROVIDED BY (USED IN)FINANCING ACTIVITIES | 186,800 | (538,020 | ) | (490,916 | ) | |||||||||||||||||||||||||||||||
Net change in cash | 259,557 | - | - | |||||||||||||||||||||||||||||||||
- | - | - | ||||||||||||||||||||||||||||||||||
259,557 | - | - | ||||||||||||||||||||||||||||||||||
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