Financial+Information

__Ir-Wrist-Ist-Able__  **Balance Sheet**   __May 31, 2012__
 * Shark Tank Balance Sheet**


 * **__ASSETS__**

Cash $ 45,000

Account Receivable $ 2,000

Equipment $ 24,695.00


 * TOTAL ASSETS $ 59,545.00 ** || **__LIABILITIES AND CAPITAL__**


 * Liabilities:**

Accounts Payable $ 1,200

Loan Payable $ 20,000.00


 * Total Liabilities $ 21,200.00 **


 * Capital (Net Worth):** **$** 38,345.00


 * Total Liabilities**
 * And Capital $** 59,545.00 ||

**//Ir-Wrist-Ist-Able//**  Income Statement   **//April 1, 2012//** to **//April 31, 2012//** __Income__ Revenue (Income from Sale of Products) $ 3,900,000

Less Cost of Goods Sold (what was paid for production and materials) - $ 1,700

Gross Margin (profit made from selling products) $ 2,200.00

__Expenses__

Rent $ 975 Utilities $ 135 Employee Wages $ 1,100 Employee Benefits $ 110 Advertising $ 120


 * Less Total Expenses** - $ 2,440.00


 * Net Profit (money we made) or Loss (money we lost) $240.00 ( LOST )**