Paras Kapoor

Balance Sheet Period 2: As of DEC 31, 2016 Period 1: As of , Company Name : Adarn Inc. Account Code- Name in F/S Currency : USD December 31, 2016 1. Assets 1) Current assets 377,482.49 (1)Cash and cash equivalents 144,901.73 1020 Cash on hand 8,454.10 1025 Bank of China(LA) 6,771.50 1029 Checking accounts 42,638.01 1030 Savings accounts 1031 Authorize.Net 1032 Paypal Accounts 22,008.11 1034 Sears Accounts 27,761.52 1037 Houzz Accounts 30,200.09 1041 Walmart Marketplace - 3,- 2,954.77 (2)Trade receivables Accounts receivable 13,-,591.02 (3)Other current assets 17,744.77 4031 Purchase Vendor Credit 1171 Funds in Transit from Credit Card Payment Processors 14,045.76 1379 Short-term loans to stock holder, executive, employees 3,700.00 - -0.99 (4)Inventory Merchandise 201,-,244.97 2) Noncurrent assets 78,773.54 1762 (1)Long-term investments 1889 Security deposit paid 2012 (2)Property, Plant, and Equipment 2049 Lease improvements 12,672.25 2059 Accu. Depreciation - Lease improvements (1,097.00) 2069 Machinery and Equipment 12,935.50 2079 Accu. Depreciation Machinery & Equipment 2089 Vehicles 2099 Accu. Depreciation - Vehicles - 5,-,773.54 (12,935.71) 11,575.25 -0.21 81,156.50 (18,958.00) Total Assets 62,-,256.03 2. Liabilities 2511 1) Current liabilities 2519 Accounts payable 2529 State Income Tax Payable [P. 1] 5,000.00 254,-,- 03/01/2019 3:13:35 PM Balance Sheet Period 2: As of DEC 31, 2016 Period 1: As of , Company Name : Adarn Inc. Account Code Name in F/S Currency : USD December 31, 2016 2540 Credit Card Payable 67,723.07 2542 Loan from Shareholder - John 45,303.13 2543 Loan from Shareholder - Hellen 2559 Sales tax payable 2569 Due to subsidiaries - Pension (Profit Sharing) 2610 Security deposit received 1,800.00 2611 Uncleared Payments 8,526.65 40312 3. Equity (Capital) 3319 1) Capital stock 3511 Common stock 147,234.63 254,456.60 200,-,000.00 (2) Retained earnings 3519 Appropriated retained earnings 3759 Unappropriated retained earnings 3799 16,010.00 Total Liabilities 3310 3329 -175,229.13 (Net income) 1,799.43 -150,-,-,062.73 40313 Total Stockholders- Equity 201,799.43 40314 Total Liabilities & StockholdersEquity 456,256.03 [P. 2] 03/01/2019 3:13:35 PM