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See accompanying notes to the financial statements <br />and independent accountants’ review report. <br />-2- <br />ASSETS <br />Current assets: <br />Cash and cash equivalents 521,000$ <br />Short-term investments 855,000 <br />Marketable equity securities 971,718 <br />Contracts receivable 2,550,601 <br />Costs and estimated earnings in excess of billings <br />on uncompleted contracts 95,311 <br />Other current assets 49,379 <br />Total current assets 5,043,009 <br />Property and equipment, net 31,598 <br />Total assets 5,074,607$ <br />LIABILITIES AND STOCKHOLDERS’ EQUITY <br />Current liabilities: <br />Accounts payable and accrued liabilities 2,065,029$ <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts 481,120 <br />Total current liabilities 2,546,149 <br />Stockholders’ equity: <br /> Common stock - par value $1 per share; 100 <br />shares authorized, issued and outstanding 100 <br />Additional paid-in capital 664,823 <br /> Retained earnings 1,863,535 <br />Total stockholders’ equity 2,528,458 <br />Total liabilities and stockholders’ equity 5,074,607$ <br />TGSV ENTERPRISES, INC. <br /> BALANCE SHEET <br />DECEMBER 31, 2017