accounting

Riordan Manufacturing, Inc. Consolidated Balance Sheet

Fiscal Year Ending September 30th

2011

2010

Assets

Current Assets

      Cash

$3,725,406

$2,807,029

      Accounts Receivable

3,192,094

2,695,342

      Current Portion of Notes Receivable

84,255

102,976

      Inventories

9,709,611

8,517,203

      Prepaid Expenses and Other Items

666,591

402,240

Total Current Assets

$17,377,957

$14,524,790

Notes Receivable, less current portion

$842,551

$936,168

Investment in Joint Venture

1,734,004

1,609,004

Property, Plant and Equipment - net

26,366,949

16,658,218

Intangible Assets - net

904,473

904,473

Other Assets

183,203

192,845

Total Assets

$47,409,137

$34,825,498

Liabilities and Stockholders' Equity

Current Liabilities

      Current Portion of Long-Term Debt

$1,560,959

$474,032

      Accounts Payable

1,141,561

1,391,385

      Accrued Liabilities

430,477

524,685

      Income Taxes Payable

552,155

359,955

Total Current Liabilities

$3,685,152

$2,750,057

Bank Line of Credit

$114,759

$295,865

Long-Term Debt - less current portion

9,500,741

1,006,955

Deferred Income Taxes - net

660,503

825,629

Total Liabilities

$13,961,155

$4,878,506

Common Stock Stated par value is $.01. 20,000,000 shares authorized. Issued and Outstanding 15,801,332 net of treasury shares.

$29,055,488

$29,055,488

Retained Earnings / (Accumulated Deficit)

4,392,494

891,504

Total Stockholders' Equity

$33,447,982

$29,946,992

Total Liabilities and Stockholders' Equity

$47,409,137

$34,825,498