A2Z Industries Comparative Balance Sheets December 31, 2014 and 2013 ($ in 000)

2014

2013

Assets:

Cash

$1,800

$1,125

Accounts receivable

1,800

1,350

Inventory

2,700

1,575

Available for sale securities, at FMV

500

400

Land

2,025

1,800

Building

2,700

2,700

  Less: Acc. Depreciation

(900)

(810)

Equipment

8,550

6,750

  Less: Acc. Depreciation

(1,575)

(1,440)

Patent

3,600

4,500

$20,700

$17,550

Liabilties:

Accounts payable

$2,250

$1,350

Accrued expenses payable

900

675

Lease liability-land

450

0

Stockholders' Equity:

Common Stock

9,450

9,000

PIC in excess of pa

2,250

2,025

Retained earnings

5,400

4,500

Accumulated other comprehensive income

100

0

$20,700

$17,550

A2Z Industries Income Statement For the year ended December 31, 2014 ($ in 000)

Revenues:

  Sales revenue

$7,935

  Gain on sale of land

270

Total Revenues

$8,205

Expenses:

  Cost of goods sold

$1,800

  Depreciation expense-building

90

  Depreciation expense-equipment

945

  Loss on sale of equipment

45

  Amortization of patent

900

  Operating expenses

1,500

Total expenses

5,280

Net income

$2,925