Statements of Cash Flows Clause Samples
The Statements of Cash Flows clause requires the preparation and presentation of a financial statement that details the inflows and outflows of cash within an organization over a specific period. This clause typically mandates that entities disclose cash movements categorized by operating, investing, and financing activities, providing a clear breakdown of how cash is generated and used. Its core function is to enhance transparency and provide stakeholders with a comprehensive view of the entity’s liquidity and financial health, thereby supporting informed decision-making and financial analysis.
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Statements of Cash Flows. 9 Notes to the Financial Statements.............................................11 72 [JONE▇, ▇▇NS▇▇ & ▇OMPANY LETTERHEAD] INDEPENDENT AUDITORS' REPORT The Board of Directors New Century Technologies Corporation (A Development Stage Company) Salt Lake City, Utah We have audited the accompanying balance sheets of New Century Technologies Corporation (a development stage company) as of February 28, 1997 and August 31, 1996 and 1995, and the related statements of operations, stockholders' equity, and cash flows for the periods then ended February 28, 1997, August 31, 1996, 1995 and 1994 and from inception on September 27, 1983 through February 28, 1997. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of New Century Technologies Corporation (a development stage company) as of February 28, 1997 and August 31, 1996 and 1995, and the results of its operations and its cash flows for the periods ended February 28, 1997, August 31, 1996, 1995 and 1994 and from inception on September 27, 1983 through February 28, 1997, in conformity with generally accepted accounting principles. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 4 to the financial statements, the Company has no operating capital and has had no operations that together raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 4. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/ Jone▇, ▇▇ns▇▇ & ▇ompany Jone▇, ▇▇ns...
Statements of Cash Flows. 7 Notes to the Financial Statements.............................. 8 AMCI INTERNATIONAL, INC. (A Development Stage Company) Balance Sheet ASSETS ------ June 30, December 31, 1999 1998 ------------ --------- CURRENT ASSETS (Unaudited) Cash $ - $ - -------- --------- Total Current Assets - - -------- --------- TOTAL ASSETS $ - $ ======== ========= LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) ---------------------------------------------- CURRENT LIABILITIES Accounts payable $ 13,854 $ 9,881 -------- --------- Total Current Liabilities 13,854 9,881 -------- --------- TOTAL LIABILITIES 13,854 9,881 -------- --------- STOCKHOLDERS' EQUITY (DEFICIT) Common stock: 50,000,000 shares authorized of $0.001 par value, 1,471,391 shares issued and outstanding 1,471 1,471 Additional paid-in capital 74,894 73,654 Deficit accumulated during the development stage (90,219) (85,006) -------- --------- Total Stockholders' Equity (Deficit) (13,854) (9,881) -------- --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ - $ - ======== ========= The accompanying notes are an integral part of these financial statements AMCI INTERNATIONAL, INC (The Development Stage Company) Statements of Operations (Unaudited) From For the For the Inception on Three Months ended Six Months Ended July 26, June 30, June 30, 1983 Through ---------------------------- -------------------------- June 30, 1999 1998 1999 1998 1999 --------- -------- --------- -------- --------- REVENUES $ - $ - $ - $ - $ - EXPENSES 947 8,565 5,213 8,565 90,219 ---------- -------- --------- -------- --------- NET INCOME $ (947) $ (8,565) (5,213) $ (8,565) $ (90,219) ========== ======== ========= ======== ========= BASIC NET LOSS PER SHARE OF COMMON STOCK $ (0.00) $ (0.00) $ (0.00) $ (0.00) ========== ======== ========= ======== BASIC WEIGHTED AVERAGE OF SHARES OUTSTANDING 1,471,391 1,471,391 1,471,391 1,471,391 ========== ========= ========== ========= ========= The accompanying notes are an integral part of these financial statements AMCI INTERNATIONAL, INC. (A Development Stage Company Statements of Stockholders' Equity (Deficit) Deficit Accumulated Common Stock Additional During the ------------------------- Paid-in Development Shares Amount Capital Stage --------- --------- --------- --------- At inception on July 26, 1983 - $ - $ - $ - Common stock issued for services at $0.20 per share 4,772 5 949 - Common stock issued for cash at approximately $2.00 per share 12,500 12 24,988 - Common stock issued to acqu...
Statements of Cash Flows. For purposes of these statements, cash and cash equivalents are defined as all unrestricted demand deposits and time deposits which mature within three months.
Statements of Cash Flows. For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. The Company paid no substantial income taxes for the years ended December 31, 1998, 1997 and 1996. In addition, the Company paid interest of approximately $1,946,000, $1,113,000, $1,173,000, respectively, for the years ended December 31, 1998, 1997 and 1996.
Statements of Cash Flows. FISCAL YEARS ENDED ---------------------------------------- DECEMBER 28, DECEMBER 29, DECEMBER 31, 1997 1996 1995 ------------ ------------ ------------ Cash Flows from Operating Activities: Net loss........................... $(17,743,355) $ (7,793,573) $ (8,339,774) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization.... 3,195,257 2,331,356 1,753,816 Provision for store closures..... 2,734,819 -- -- Loss on the sale of assets...
Statements of Cash Flows. For purposes of the statements of cash flows, the Bank has defined cash and cash equivalents as those amounts included in the balance sheet caption "Cash and due from banks." Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of foreclosed real estate. In connection with the determination of estimated losses on loan and foreclosed real estate, management obtains appraisals for significant properties. Securities Available for Sale Securities available for sale consist of debt and equity securities and are stated at fair value. Amortization of premium and accretion of discount are recognized in interest income using the interest method over the remaining period to maturity, adjusted for anticipated prepayments. Unrealized gains and losses, net of tax, on securities available for sale are reported as a separate component of stockholders' equity until realized. Realized gains and losses on the sale of securities available for sale are determined using the specific identification method. FIRST CAPITAL, INC. AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED JUNE 30, 1999 AND 1998
Statements of Cash Flows. The Company considers all highly liquid investments with purchased maturities of three months or less to be cash equivalents. The effect of non-cash transactions related to business combinations, as discussed in Note 3, Business Combinations, and other non-cash transactions are excluded from the accompanying Consolidated Statements of Cash Flows. The Company made interest payments on notes payable and long-term debt of approximately $53.7 million, $44.0 million and $24.3 million (net of capitalized interest of $5.6 million, $.8 million and $.8 million) for the years ended December 31, 1999, 1998 and 1997, respectively. The Company made income tax payments of approximately $100.3 million, $65.4 million and $29.4 million for the years ended December 31, 1999, 1998 and 1997, respectively. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of cash and cash equivalents, restricted cash, receivables, accounts payable and accrued liabilities approximate fair value due to the short maturity of these instruments. The fair value of the Company's fixed rate unsecured notes using an estimate of interest rates currently available to the Company is $575.8 million at December 31, 1999. The carrying value of the unsecured notes is $598.5 million at December 31, 1999. The carrying amounts of the Company's remaining notes payable and long-term debt approximate fair value because interest rates are primarily variable and, accordingly, approximate current market rates. CONCENTRATION OF CREDIT RISK The Company provides services to commercial, industrial, municipal and residential customers in the United States. Concentrations of credit risk with respect to trade receivables are limited due to the wide variety of customers and markets in which services are provided as well as their dispersion across many geographic areas in the United States. The Company performs ongoing credit evaluations of its customers, but 46 REPUBLIC SERVICES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) does not require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends and other information. NEW ACCOUNTING PRONOUNCEMENTS In June 1999, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 137, "Accounting for Derivative Instruments and Hedging Activities -- Deferral ...
Statements of Cash Flows. 8 Notes of the Financial Statements....................................... 9 INDEPENDENT AUDITORS' REPORT To the Board of Directors and Stockholders Momentum Asia, Inc. (Formerly New Age Publications, Inc.) Subic Bay, Phillippines We have audited the accompanying balance sheet of Momentum Asia, Inc. (formerly New Age Publications, Inc.) as of December 31, 1997 and the related statements of operations, stockholders' equity, and cash flows for the years ended December 31, 1997 and 1996. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Momentum Asia, Inc. (formerly New Age Publications, Inc.) as of December 31, 1997 and the results of its operations and its cash flows for the years ended December 31, 1997 and 1996 in conformity with generally accepted accounting principles. Jones, Jensen & C▇▇▇▇▇y ▇▇▇▇ ▇ake City, Utah August 19, 1998 MOMENTUM ASIA, INC. (Formerly New Age Publications, Inc.) Balance Sheet ASSETS December 31, ------------- 1997 ------------- CURRENT ASSETS Cash $ 22,011 Accounts receivable, net (Note 2) 28,831 Inventory (Note 2) 3,755 ------------- Total Current Assets 54,597 EQUIPMENT (Note 2) Printing equipment 297,271 Machinery and equipment 17,890 Office equipment 54,324 Vehicles 22,005 Leasehold improvements 35,729 Less: accumulated depreciation (109,754) ------------- Total Equipment 317,465 OTHER ASSETS Other assets (Note 3) 546,123 ------------- Total Other Assets 546,123 TOTAL ASSETS $ 918,185 ============= The accompanying notes are an integral part of these financial statements. MOMENTUM ASIA, INC. (Formerly New Age Publications, Inc.) Balance Sheet (Continued) LIABILITIES December...
Statements of Cash Flows. 6 Notes to the Financial Statements ..7 - 18 2▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇ ▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ 80525 ABUSH 970.223.2727 & Associotes, CPAs, PC. Fax 970.ZZ6,08l3 Independent Audit0r’s Report To the Stockholders Bolder BioPATH, Inc. Boulder, CO Report on the Financial Statements We have audited the accompanying financial statements of Bolder BioPATH, Inc. (the "Company") (an S Corporation), which comprise the balance sheets as of December 31, 2020 and 2019, and the related statements of operations, changes in stockholders’ equity, and cash flows for the years then ended, and the notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, Whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about Whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor‘s judgment, including the assessment of the risks of material misstatement of the financial statements, Whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. WWW.SOUKUPBUSH .COM To the Stockholders Bolder BioPATH, Inc. Page 2 We believe that the au...