Oct-01 Jul-01 Mar-01 Feb-01 Dec-00 Nov-00 Oct-00 Aug-00 Feb-00 Dec-99 Sep-99 Building Related & LT LOI Adjustment
ASSETS ($469,151)
CURRENT ASSETS
CASH IN BANK $572,132 $39,553 $179,725 $199,855 ($233,740) $123,455 $178,248 $289,283 $186,693 ($287,276) ($18,894)
CASH - FRANCE $96,089 $83,917 $166,789 $23,527 $21,115 $43,758 $17,605 $87,150 $39,636 $41,478 $11,348
PETTY CASH $950 $950 $950 $950 $950 $1,087 $1,087 $951 $950 $950 $1,070
 
TOTAL CASH $669,171 $124,420 $347,464 $224,332 $196,940 ($6,475) $347,464
  LOI A/R <$3.4M 
ACCOUNTS RECEIVABLE $2,745,832 $3,128,776 $2,631,068 $2,480,497 $2,766,969 $2,528,581 $2,580,560 $377,384 $227,278 ($244,849) $2,238,292 $2,631,068
UNBILLED RECEIVABLE $576,333 $437,654 $292,599 $246,387 $106,414 $418,516 $531,921 $2,377,923 $1,904,066 $2,311,215 $106,619 $293
ALLOWANCE FOR DOUBTFUL ACCOUNTS ($75,000) ($75,000) ($75,000) ($75,000) ($75,000) ($72,000) ($70,000) $430,520 $230,779 $96,339   ($75,000)
ACCOUNTS RECEIVABLE - FRANCE $386,292 $371,693 $276,733 $223,187 $281,774 $132,324 $161,485 ($66,000) ($54,000) ($50,000) ($43,000) $276,733
OTHER RECEIVABLE $816 $816 $816 $816 $6,000 $6,000 $198,632 $207,078 $267,625 $198,906 $816
INTERCOMPANY A/R - FRANCE $268,245 $303,697 $254,978 $252,176 $816 $3,700 $4,952 $8,934 $1,085 $8,226  
INVENTORY $295,341 $295,289 $349,820 $319,291 $235,077 $212,354 $172,918 $139,499 $78,016 $111,190 $67,439 $349,820
RESERVE FOR OBSOLESCENCE ($6,603) ($6,603) ($6,603) ($6,603) $339,818 $315,988 $319,635 $326,567 $263,200 $261,137 $291,915 ($6,603)
PREPAID INSURANCE-GENERAL $37,909 $11,881 $13,947 $15,986 ($6,603) ($6,861) ($6,861) ($6,861) ($6,861) ($6,861) ($10,059) $23,921
PREPAID INSURANCE-GROUP $729 $700 $648 $622 $18,327 $24,693 $26,057 $34,988 $24,277 $27,003 $59,344 $13,947
PREPAID EXPENSES-FRANCE $5,959 $8,331 $2,059 $2,898 $19,958 $17,991 $20,030 $24,181 $6,620 $8,589 $21,739 $648
PREPAID - OTHER $19,935 $41,849 $23,921 $17,620 $5,637 $7,335 $6,894 $7,092 $5,346 $566 ($19,994) $10,609    
EXPENSE ADVANCES $3,383 $5,487 $10,609 $3,102 $4,091 $11,954 $12,480 $12,838 $7,517 $6,619 $6,938 $3,226,251 ($173,749)
 
TOTAL CURRENT ASSETS $4,928,340 $4,648,990 $4,123,058 $3,705,311 $3,485,603 $3,768,875 $3,963,010 $3,865,696 $2,894,401 $2,788,574 $2,919,890
 
FIXED ASSETS   LOI Assets + $1.8M  Assets - Bldg Net Assets - Bldg
COST  
LAND & BUILDINGS $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602 $5,596,602.30
COMPUTER EQUIPMENT $302,006 $281,733 $245,810 $241,748 $237,794 $231,506 $230,101 $217,226 $204,123 $204,123 $184,642
LEASEHOLD IMPROVEMENTS $42,250 $42,250 $42,250 $42,250 $42,250 $43,660 $43,660 $43,660 $32,387 $32,387 $32,387 $42,250.16
MACHINERY & EQUIPMENT $2,159,953 $2,154,444 $2,151,096 $2,125,545 $2,151,844 $2,158,769 $2,157,321 $2,149,379 $2,124,006 $2,121,908 $2,112,146
FURNITURE & FIXTURES $496,256 $489,829 $480,508 $480,508 $480,508 $487,117 $487,117 $487,117 $487,117 $487,117 $487,117
VEHICLES $663,665 $661,183 $460,183 $407,324 $349,385 $349,486 $305,728 $305,228 $306,928 $327,875 $294,126
RENTAL EQUIPMENT $5,709,895 $5,645,179 $5,662,658 $5,670,819 $5,664,867 $5,630,453 $5,543,370 $5,428,668 $5,245,609 $5,290,066 $5,263,085
$14,639,109 $14,564,797 $14,523,250 $14,497,592 $14,227,879 $13,996,773 $14,060,079  
TOTAL $14,970,627 $14,871,220 $14,363,900 $13,970,105 $14,639,108.54 $9,000,256.08
 
ACCUMULATED DEPRECIATION   ($1,620,014.50)
LAND & BUILDINGS $1,715,957 ($1,674,839) ($1,620,015) ($1,606,309) ($1,578,896) ($1,565,191) ($1,551,486) ($1,524,075) ($1,441,839) ($1,414,427) ($1,374,374)
COMPUTER EQUIPMENT ($135,436) ($120,760) ($103,050) ($99,087) ($91,161) ($85,504) ($81,546) ($74,186) ($53,774) ($46,970) ($33,292)
LEASEHOLD IMPROVEMENTS ($27,609) ($26,952) ($26,078) ($25,860) ($25,424) ($26,405) ($26,192) ($25,780) ($24,647) ($24,371) ($23,955) ($26,078.33)
MACHINERY & EQUIPMENT ($2,039,924) ($2,032,787) ($2,025,220) ($2,032,594) ($2,059,133) ($2,056,146) ($2,051,794) ($2,063,857) ($2,045,971) ($2,044,267) ($2,027,522)
FURNITURE & FIXTURES ($466,140) ($461,616) ($456,156) ($454,934) ($452,489) ($457,493) ($455,887) ($452,675) ($443,039) ($439,827) ($434,512)
VEHICLES ($314,084) ($292,430) ($292,293) ($290,202) ($286,019) ($283,709) ($281,815) ($279,358) ($277,680) ($297,501) ($291,783)
RENTAL EQUIPMENT ($4,254,615) ($4,207,722) ($4,253,571) ($4,245,885) ($4,188,353) ($4,166,703) ($4,151,409) ($4,143,600) ($4,240,235) ($4,275,491) ($4,247,748)
 
TOTAL ($8,953,765) ($8,817,105) ($8,776,383) ($8,754,871) ($8,681,475) ($8,641,149) ($8,600,127) ($8,563,530) ($8,527,185) ($8,542,853) ($8,433,185) ($8,776,382.59) ($7,130,289.76) $1,869,966 $69,966
 
 
TOTAL NET FIXED ASSETS $6,016,862 $6,054,115 $5,862,726 $5,809,926 $5,841,775 $5,856,443 $5,664,349 $5,469,588 $5,517,226 $5,536,920
 
 
OTHER ASSETS  
DEPOSITS $27,999 $25,889 $25,889 $25,889 $29,364 $29,364 $29,364 $32,586 $28,175 $35,600
INTANGIBLE ASSETS $26,870 $28,836 $31,582 $32,362 $34,703 $35,484 $37,045 $41,727 $43,287 $45,629
 
TOTAL OTHER ASSETS $54,869 $54,725 $57,471 $58,251 $64,067 $66,409 $74,312 $71,463 $81,229
 
TOTAL ASSETS $11,000,071 $10,757,830 $10,043,255 $9,573,488 $9,689,386 $9,596,454 $8,438,301 $8,377,263 $8,538,039
 
LIABILITIES & EQUITY   LOI Debt up to $1.05M  LOI up to $630,000
CURRENT LIABILITIES $1,016,924  
ACCOUNTS PAYABLE $453,821 $384,003 $370,088 $304,939 $510,779 $493,545 $490,345 $335,597 $51,643 $392,154 $370,087
ACCOUNTS PAYABLE - FRANCE $38,718 $91,831 $66,475 $25,205 $23,965 $32,065 $59,043 $43,137 $14,165 $33,714 $66,475
INTERCOMPANY A/P - FRANCE $268,245 $303,697 $254,978 $252,176 $212,354 $172,918 $139,499 $78,016 $111,190 $67,439    
LOAN PAYABLE - WORKING CAPITAL $0 $250,000 $0 $0 $250,000 $350,000 $500,000 $600,000 $60,000   $0
OBLIGATIONS UNDER CAPITAL LEASES $433 $1,715 $3,403 $3,820 $4,885 $4,885 $4,885 $14,680 $24,341 $746,000 $0
MORTGAGE - CURRENT PORTION $160,000 $160,000 $160,000 $160,000 $160,000 $160,000 $160,000 $160,000 $160,000 $429,000
EQUIPMENT TERM LOANS - CURRENT $383,446 $411,779 $429,000 $429,000 $256,300 $256,300 $123,800 $249,700 $162,100 $91,300  
EQUIPMENT-TERM-LOANS---currrent Closed Closed $284,233 $284,233 $359,233 $384,233 $434,233 $413,333 $413,333 $160,000   160,000
FRANCE TERM LOAN - CURRENT $33,309 $33,309 $33,309 $16,235 $16,150 $16,150 $16,150 $16,150 $16,150 $413,333 $284,233
DIVIDENDS PAYABLE $71,948 $68,069 $656,185 $606,185 $425,000 $375,000 $16,815 $33,309
ACCUMULATED SALARIES PAYABLE $51,137 $51,137 $51,137 $51,137 $44,199 $44,199 $44,199 $44,199 $44,199   $656,185
ACCRUED VACATION PAY $243,485 $243,485 $243,485 $243,485 $258,093 $258,093 $258,093 $258,093 $258,093 $50,147 $51,136
WITHHELD SOCIAL SECURITY TAX $21,962 $27,248 $27,496 $24,692 $21,856 $238,075 $243,485
WITHHELD FEDERAL INC TAX $30,145 $30,551 $28,664 $25,288 $16,975 $27,327 $20,185 $21,579   $27,496
WITHHELD IL INCOME TAX $8,781 $9,964 $7,506 $7,395 $24,091 $23,279 $21,780 $4,048 $17,592 $28,664
WITHHELD-CO-INCOME-TAX Closed Closed Closed Closed $6,934 $7,146 $6,186 $134 $19,485 $7,506
WITHHELD PA INCOME TAX $1,190 $1,179 $1,155 $1,098 $2,399 $126 $100 $1,116 $61  
ACCRUED UNEMPL TAX (FEDERAL & STATE) $974 $2,150 $31,167 $25,972 $3,144 $1,663 $2,087 $895 $4,148 $1,105 $1,155
GROUP INSURANCE DEDUCTIONS ($85) ($620) $1,140 $1,635 $248 $170 $2,770 $38,728 $156   $31,167
OTHER PAYROLL DEDUCTIONS $379    
401K P/R DEDUCTIONS & CONTRIBUTIONS $24,266 $33,714 $56,661 $57,661 $27,306 $21,427 ($734) $589 $65,021    
ACCRUED AUDIT FEES $30,000 $21,000 $22,965 $21,090 $34,350 $31,350 $27,130 $58,099 $18,500 $22,188 $56,660
ACCRUED PROPERTY TAX $181,116 $231,600 $160,400 $142,600 $195,628 $178,128 $25,350 $24,500 $105,000 $21,625 $22,965
ACCRUED CORPORATE TAX $19,209 $11,709 $14,411 $33,000 $17,600 $13,200 $245,000 $140,000 $8,000 $251,984   160,400.00
ACCRUED EXPENSES - MISC. $0 $30,000 $6,460 $0 $7,840 $0 $4,400 $8,000 $2,000 $6,000 $14,411
ACCRUED EXPENSES - FRANCE $60,964 $41,424 $62,437 $50,756 $64,540 $52,466 $57,397 $49,141 $80,430 $28,370 $6,460
                      $55,872   $62,437    
TOTAL CURRENT LIABILITIES $2,083,443 $2,438,942 $2,972,755 $2,767,603 $2,922,014 $2,894,975 $2,644,384 $2,582,503 $2,620,693 $2,671,846 $1,402,727 $990,105
$2,438,942   $1,050,000 $630,000    
LONG TERM DEBT   $352,727 $360,105 ($712,832)
MORTGAGE-NONCURRENT $2,480,000 $2,520,000 $2,573,333 $2,586,667 $2,626,667 $2,640,000 $2,666,667 $2,746,667 $2,773,333  
EQUIPMENT TERM LOANS-NONCURRENT $386,617 $468,342 $159,818 $159,818 $218,376 $237,896 $276,935 $182,101 $250,990
 OBLIGATIONS-UNDER-CAPITAL-LEASES  Closed Closed Closed $184 $597 $1,419 $3,853 $4,654  
FRANCE TERM LOAN-NONCURRENT $58,046 $66,228 $76,417 $2,233   $8,949 $10,129 $12,475 $19,897 $22,433 $2,813,333 2,573,333
$354,324 159,818
TOTAL LONG TERM DEBT $2,924,663 $3,054,569 $2,809,568 $2,748,717 $2,854,176 $2,888,622 $2,957,496 $2,952,518 $3,051,410 $5,845
$27,326 76,416.78
TOTAL LIABILITIES $5,782,323 $5,516,320 $5,776,190 $5,601,880 $5,535,021 $5,672,104   $3,129,968
CORPORATE EQUITY $3,200,828
COMMON STOCK ISSUED $12,313 12,313.40 12,303.80 12,304.00 12,304.00 12,294.00 12,294.00 12,294.00 12,294.00  
ADDITIONAL PAID IN CAPITAL $433,960 $433,960 $428,754 $429,197 $429,197 $423,772 $423,772 $423,772 $423,772 $5,872,674
RETAINED EARNINGS $3,923,162 $3,923,162 $3,923,162 $3,923,162 $2,270,780 $2,270,780 $2,270,780 $2,270,780 $1,148,879  
Loan from Stockholder Closed Closed Closed Closed Closed Closed ($1,687) ($1,687) ($1,687) ($1,687) $12,284
DIVIDENDS DECLARED ($1,073,019) ($896,899) ($41,815) ($41,815) ($208,318) ($208,318) ($166,519) $421,612
ESTIMATED DIVIDENDS ($71,948) ($68,069) ($656,185) ($606,185) ($425,000) ($375,000) $1,148,879
CURRENT YEAR PROFIT(LOSS) $2,767,497 $1,859,850 $594,712 $340,505 $1,886,193 $1,455,934 $198,121 $1,121,901 ($1,687)
$1,834,233 -------------------  
$3,994,574 $2,903,280 $2,705,159  
TOTAL CORPORATE EQUITY $5,991,965 $5,264,318 $4,260,932 $4,057,168 $4,008,034 $9,596,454 $8,438,301 $8,377,263 $1,084,277
$3,913,196        
TOTAL LIABILITIES & EQUITY $11,000,071 $10,757,830 $10,043,255 $9,573,488 $2,665,365
$9,689,386 ` $8,538,039
Rental Depreciated Assets $1,455,279 $1,437,458 $1,409,087 $1,424,934 $1,476,514 $1,463,750
RENTAL RETURN ON ASSETS 29.4% 29.0% 25.6% 26.4% 25.5%
RENTAL RETURN ON DEPR ASSETS 115% 114% 103% 105% 98%
Oct-01 Jul-01 Mar-01 Feb-01 Dec-00 Nov-00 Oct-00
Rental Sales  USA $617,831 $473,577 $455,508 $356,262 $378,046 $356,528 $416,028
Rental Profit  $281,429 $152,693 $135,263 $83,673 $138,486 $118,263 $127,356
Rental Profit after 14% OVH $242,028.94 $131,315.98 $116,326.18 $71,958.78 $119,097.96 $101,706.18 $109,526.16
$1,952,117.00 $1,901,796.00 $1,684,447.00 $1,743,434.00 $1,677,858.00
Rental Profit after 14% OVH $1,678,821 $1,635,545 $1,448,624 $1,499,353 $1,442,958
Oct-01 $617,831 $281,429 $1,952,117
Sep-01 $494,475 $214,097 $1,865,376
Aug-01 $464,511 $204,157 $1,863,129
Jul-01 $473,577 $152,693 $1,901,796
Jun-01 $538,565 $257,097 $1,797,189
May-01 $590,423 $307,896 $1,677,396
Apr-01 $512,100 $235,619 $1,719,920
Mar-01 $455,508 $135,263 $1,684,447
Feb-01 $356,262 $83,673 $1,743,434
Jan-01 $341,016 $104,873 $1,711,146
Dec-00 $378,046 $138,486 $1,677,858
Nov-00 $356,528 $118,263
Oct-00 $416,028 $127,356
Sep-00 $460,747 $201,910
Aug-00 $470,646 $191,360
Jul-00 $422,939 $152,490
Jun-00 $530,687 $188,103
May-00 $502,815 $278,143
Apr-00 $343,453 $99,790
Mar-00 $365,452 $142,660
Feb-00 $298,101 $72,585
Jan-00 $326,269 $105,198