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Riodan Manufacturing

In: Business and Management

Submitted By dannyr4884
Words 1144
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Riodan Manufacturing, INC.Horizontal Condensed Balance SheetSeptember 30 | | 2011 | 2010 | Amount | Percent | Assets | Current Assets | Cash | $3,725,406 | $2,807,029 | $918,377 | 32.7% | Accounts Receivable | 3,192,094 | 2,695,342 | 496,752 | 18.4% | Current Portion of Notes Receivable | 84,255 | 102,976 | (18,721) | (18.1%) | Inventories | 9,709,611 | 8,517,203 | 1,192,408 | 13.9% | Deferred Income Taxes - net | 0 | 0 | 0 | 0% | Pre-paid Expenses and Other Items | 666,591 | 402,240 | 264,351 | 65.7% | Total Current Assets | $17,377,957 | $14,524,790 | $2,853,167 | 19.6% | Notes Receivable, less current portion | $842,551 | $936,168 | (93,617) | (10%) | Investment in Joint Venture | 1,734,004 | 1,609,004 | 125,000 | 7.7% | Property, Plant & Equipment - net | 26,366,942 | 16,658,218 | 9,708,624 | 58.2% | Intangible Assets - net | 904,473 | $904,473 | 0 | 0% | Other Assets | 183,203 | $192,845 | ($9,642) | (4.9%) | Total Assets | $47,409,137 | $34,825,498 | $12,583,639 | 36.1% | Liabilities and Stockholders' Equity | Current Liabilities | Current Portion of Long-Term Debt | $1,560,959 | $474,032 | $1,086,927 | 229.2% | Accounts Payable | 1,141,561 | 1,391,385 | (249,824) | (17.9%) | Accrued Liabilities | 430,477 | 524,685 | (94,208) | (17.9%) | Income Taxes Payable | 552,155 | 359,955 | 192,200 | 53.3% | Total Current Liabilities | $3,685,152 | $2,750,057 | $935,095 | 34% | Bank Line of Credit | $114,759 | $295,865 | (181,106) | (61.2%) | Long-Term Debt - less current portion | 9,500,741 | 1,006,955 | 8,493,786 | 843.5% | Deferred Income Taxes - net | 660,503 | 825,629 | (165,126) | (20%) | Total Liabilities | $13,961,155 | $4,878,506 | $9,082,649 | 186.1% | Common Stock
(Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury

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