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Ex. J (Affiliate Financials) Mockup 

THIS DOCUMENT IS A TECHNICAL ILLUSTRATION OF HOW CERTAIN DISCLOSURES IN SEC FILINGS ARE TO BE TAGGED. IT DOES NOT INDICATE WHICH PARTICULAR DISCLOSURES MUST BE INCLUDED AND/OR TAGGED IN COMMISSION FILINGS, AND IT DOES NOT CONSTITUTE LEGAL GUIDANCE OF ANY SORT.

Affiliate 2

Balance Sheet (in thousands)

    Dec. 31, 2023   Dec. 31, 2022
Assets    
Current Assets                
  Cash and cash equivalents   $ 10,530       10,000  
  Restricted cash and cash equivalents     800       800  
  Accounts receivable, net of allowance for credit losses   $ 300       300  
  Other current assets   $ 100       100  
     Total current assets     11,730        11,200   
Property and equipment, net of accumulated depreciation   $ 700       700  
Operating lease assets     600       600  
Other non-current assets   $ 300       300  
Total Assets   $ 13,330       12,800  
Liabilities                
Current liabilities                
  Accounts payable and Accrued expense   $ 1,320       1,320  
  Other current liabilities   $ 880       880  
  Short-term debt     2,000       2,000  
     Total current liabilities     4,200       4,200  
Long-term debt   $ 5,000       5,000  
Operating lease liabilities     600       600  
Other non-current liabilities   $ 260       260  
Total Liabilities   $ 10,060       10,060  
Stockholders’ Equity                
   Common stock     100        100   
   Retained earnings      3,170       2,640  
Total Stockholders' Equity   $ 3,270       2,740  
Total Liabilities and Stockholders' Equity   $ 13,330       12,800  

 

Income and Expense Statement (in thousands)

   Dec.31, 2023  Dec. 31, 2022
Revenue  $ 5,500     5,500  
Operating Expenses            
Compensation & benefits  $3,000    3,000  
Professional fees and outside services  $1,500    1,500  
Other expenses  $500    500  
  Total Operating Expenses  $5,000    5,000  
Other non-operating income  $30    30  
Net Income (Loss)  $530    530