DRIVIN G ROWTH - Dr. Reddy's

alance sheet | AS
AT MARCH 31
(US $)
2002 2001
ASSETS
Current assets
Cash 1,455,797 1,521,025
Accounts receivable 61,853 6,543
Prepaid expenses 18,583 7,881
Total current assets 1,536,233 1,535,449
Property and equipment
Equipment 353,503 180,899
Software 79,183
Furniture 58,328 58,328
491,014 239,227
Less: Accumulated depreciation 133,057 45,195
Other assets
357,957 194,032
Security deposits 12,318 64,364
Total 1,906,508 1,793,845
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable 82,144 27,522
Deferred revenue (Note 2) 575,000 674,997
Total current liabilities 657,144 702,519
Stockholders equity (Note 6)
Common stock, no par value, 10,000,000 shares
authorised, 9,500,000 issued and outstanding 950 950
Additional paid-in capital 2,099,150 2,099,150
Retained deficit (850,736) (1,008,774)
1,249,364 1,091,326
Total 1,906,508 1,793,845
See accountant’s audit report and notes to these financial statements.
REDDY US THERAPEUTICS, INC. | FINANCIALS | ANNUAL REPORT 2001-2002
243