Laserfiche WebLink
LEFT HAND DITCH COMPANY <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2011 and 2010 <br />NOTE 8 - LEASE PAYABLE <br />The Company entered into a lease for office space with Related Investment Partners <br />effective March 1, 2009, for a period of two years, at an annual rental of $9,000. The lease <br />was not renewed in 2011, but is on a month to month basis. <br />NOTE 9 - DUE TO COLORADO STATE TREASURER <br />On April 20, 2005, one share of capital stock was sold at public auction by reason of the <br />owner's failure to pay the 2000 assessment and subsequent assessments. The minimum sale <br />price was $1,454, and the stock was sold for $3,900. All proceeds above the minimum bid <br />were reserved for the Colorado State Treasurer for the Great Colorado Payback. As of <br />December 31, 2011, this difference of $2,446 had not been paid. <br />Full -time employees of the Company are entitled to paid time off, including vacation and <br />sick leave, depending on length of service and other factors. The values of accumulated <br />compensated absences have not been accrued for the years ended December 31, 2011 and <br />2010 because the amount cannot be reasonably estimated. <br />NOTE 11— SUBSEQUENT EVENTS <br />Subsequent events have been evaluated through February 4, 2012, which was the date the <br />financial statements were available to be issued. <br />Page 8 <br />