Balance sheet for Panglobal Brands, Inc (PNGB)

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Balance Sheet for Panglobal Brands, Inc
Sep 30, 2009 Sep 30, 2008 Sep 30, 2007
Assets
Cash And Cash Equivalents 17,000 - 1,170,000
Short Term Investments - - -
Net Receivables 1,089,000 1,856,000 205,000
Inventory 821,000 1,304,000 310,000
Other Current Assets 129,000 97,000 51,000
Total Current Assets 2,057,000 3,258,000 1,736,000
Long Term Investments - - -
Property Plant and Equipment 428,000 588,000 211,000
Goodwill - - -
Intangible Assets 1,177,000 1,177,000 -
Accumulated Amortization - - -
Other Assets 75,000 135,000 68,000
Deferred Long Term Asset Charges - - -
Total Assets 3,737,000 5,157,000 2,015,000
Liabilities
Accounts Payable 3,667,000 3,862,000 407,000
Short/Current Long Term Debt - 750,000 -
Other Current Liabilities - 172,000 -
Total Current Liabilities 3,667,000 4,783,000 407,000
Long Term Debt 1,070,000 - -
Other Liabilities - - -
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 4,737,000 4,783,000 407,000
Stockholders' Equity
Misc Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 5,000 4,000 3,000
Retained Earnings -19,379,000 -14,371,000 -4,758,000
Treasury Stock - - -
Capital Surplus 18,374,000 14,741,000 6,363,000
Other Stockholder Equity - - -
Total Stockholder Equity -1,000,000 374,000 1,608,000
Net Tangible Assets -2,178,000 -803,000 1,608,000
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