F.C. OF WEST VIRGINIA, INC.,
d/b/a INTREPID USA HEALTHCARE SERVICES
Owned by F.C. Acquisitions Corporation,
the Parent Corporation of F.C. of West Virginia
Statement of Revenue and Expenses, Assets,
Retained Earnings and Balance Sheet
for the year ending December 31, 2014
(Unaudited)
CURRENT ASSETS
Cash and Cash Equivalents 0
Accounts receivable 134,106
Inventory 0
Prepaid Expenses 292
TOTAL CURRENT ASSETS 134,398
PROPERTY & EQUIPMENT
Fixed Assets 36,778
Accumulated Depreciation (33,470)
Net Property & Equipment 3,308
OTHER ASSETS
Total Other Assets $0
TOTAL ASSETS 137,706
Liabilities and Stockholders Equity
CURRENT LIABILITIES
Current Portion LT Debt 0
Accounts Payable (4,453)
Accrued Expenses 41,125
Accrued Payroll and Taxes 279,908
TOTAL CURRENT LIABILITIES 316,580
LONG TERM LIABILITES
Intercompany Accounts-Net 10,309
Total Long Term Obligations 10,309
STOCKHOLDERS’ EQUITY
Common Stock 0
Prior Years’ Earnings (103,942)
Current Years Earnings (85,240)
Total Stockholders’ Equity (189,182)
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY 137,706
REVENUES
Net Revenues 646,341
DIRECT EXPENSES
Direct Wages Subtotal 236,781
Total Other Direct Expenses 89,082
Total Direct Expenses 325,863
TOTAL OPERATING EXPENSES 370,243
TOTAL FIXED EXPENSES 35,476
Operating Profit (loss) (85,240)
Total Extraordinary Items 0
Net Profit (Loss) after Extraordinary Items (85,240)
Statement of Changes in Retained Earnings
Beginning Balance (103,942)
Current Earnings (85,240)
Ending Balance (189,182)
Details of the ad are available for copying and public
inspection at the Health Care Authority,
100 Dee Drive, Charleston,WV 25311
Int. June 30, 2015
234513