Latin Goodness Foods LLC/MasPanadas

BALANCE SHEET
As of August 22, 2020

TOTAL
ASSETS
Current Assets
Bank Accounts
Cash on hand -3,097.48
Checking PNC 6536 124,753.61
PayPal Bank -953.62
Total Bank Accounts $120,702.51
Accounts Receivable
Accounts Receivable (A/R) 199,171.53
Total Accounts Receivable $199,171.53
Other Current Assets
CPG Inventory 0.00
Inventory 127.40
Ingredients 3,352.79
Non-Packaged Catering Inventory 509.02
Total Inventory 3,989.21
Inventory Asset 0.00
Packaging Inventory 31,942.50
Undeposited Funds 2,421.98
Total Other Current Assets $38,353.69
Total Current Assets $358,227.73
Fixed Assets
Accumulated Depreciation -53,049.00
Equipment 413,391.69
Factory Buildout 149,716.34
Furniture & Fixtures 18,500.00
Printing Plates 6,523.65
Vehicle 22,554.04
Total Fixed Assets $557,636.72
Other Assets
Security Deposit 1,905.00
Total Other Assets $1,905.00
TOTAL ASSETS $917,769.45

Accrual Basis Saturday, August 22, 2020 03:31 PM GMT-04:00 1/3

TOTAL
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable (A/P) 244,227.25
Total Accounts Payable $244,227.25
Credit Cards
Amex 9,916.62
Brex 17.99
PNC CC 5900 24,172.16
Total Credit Cards $34,106.77
Other Current Liabilities
Comptroller of Maryland Payable 3.60
COVID-19 Grants/Loans
Grants Received - PPP 35,000.00
Grants Received EIDL 7,000.00
Montgomery County Grant 2,500.00
Total COVID-19 Grants/Loans 44,500.00
Due To Maria Womack 9,016.27
Due to Martin Ramos 35,333.80
Non-profit Payable 0.00
Office of Tax Revenue Payable 0.00
Sales Tax Payable 0.00
Virginia Tax Payable 0.00
Total Other Current Liabilities $88,853.67
Total Current Liabilities $367,187.69
Long-Term Liabilities
Ascentium Equipment Loan 114,471.15
Landlord TI 150,000.00
Loan - Ally 16,417.53
SBA EIDL Loan 104,700.00
Total Long-Term Liabilities $385,588.68
Total Liabilities $752,776.37
Equity
Capital - M Womack
M Womack - Contributions 447,421.70
Total Capital - M Womack 447,421.70
Capital - Union Kitchen
Union Kitchen - Contributions 4,875.00
Total Capital - Union Kitchen 4,875.00

Accrual Basis Saturday, August 22, 2020 03:31 PM GMT-04:00 2/3

TOTAL
Opening Balance Equity 0.00
Owner's Investment 0.00
Retained Earnings -229,535.05
Net Income -57,768.57
Total Equity $164,993.08
TOTAL LIABILITIES AND EQUITY $917,769.45

Accrual Basis Saturday, August 22, 2020 03:31 PM GMT-04:00 3/3