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Schmidt Construction <br />Divisional salance Sl>teet <br />December 31, 2007 <br />Assets <br />Current Assets <br />Cash <br />Accounts receivable -Including retainages of $827 <br />609 $ 1,701,289 <br />, <br />Inventories 9, 137,653 <br /> <br />Amounts due from Edw. C. Levy Co. and its Affiliates -Current portion 2 872,715 <br />(Note 3) 402,178 <br />Prepaid expenses and other current assets 417,179 <br />Total current assets 14,53 I ,014 <br />Property, Plant, and Equipment - At cost of $28,800,81 b, less accumulated <br />depreciation of $20,042,382 (Note 2) 8,758,434 <br />Amounts Due from Edw. C. Levy Co. and its Affiliates -Net (Note 3) 7,718,782 <br />Other Assets 364,698 <br />Total assets $ 31,372,928 <br />Liabilities and Divisional Equity <br />Current Liabilities <br />Accounts payable -Including retainages of $ 190,104 $ I ,33 I <br />224 <br />Notes payable -Former stockholders -Current portion (Note 4) , <br />682 434 <br />Accrued and other current liabilities 439,261 <br />Total current liabilities 2,452,919 <br />Notes Payable -Former stockholders -Net of current portion (Note 4) 2,328,310 <br />Divisional Equity 26,591,699 <br />Total liabilities and divisional equity $ 31,372,928 <br />See Notes to Divisional Balance Sheet. 2 <br />