CES Synergies, Inc.

CIK:0001556508|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Revenues	$ 3,172,088	$ 4,000,808
Cost of sales	2,349,466	2,686,036
Gross profit	822,622	1,314,772
General & administrative expenses	1,139,729	1,064,549
Net operating profit/(loss)	(317,107)	250,223
Other expenses, net	(86,657)	(18,586)
Profit/(loss) before income taxes	(403,764)	231,637
Income taxes
Net profit/(loss)	$ (403,764)	$ 231,637
Profit/(loss) per share
Basic and diluted	$ (0.01)	$ 0.01
Shares used in computing profit/(loss) per share	47,300,500	46,883,687
Cash distributions declared per common share

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net profit/(loss)	$ (403,764)	$ 231,637
Adjustments to reconcile net loss to cash provided (used) by operating activities
Depreciation expense	105,848	127,916
(Gain)/loss on disposal of assets		(15,455)
Decrease (Increase) in:
Contracts receivable	902,119	601,755
Other assets	(94,929)	(54,129)
Inventories	1,097	(12,232)
Cost and estimated earnings in excess of billings on uncompleted contracts	(293,096)	(711,881)
Increase (Decrease) in:
Accounts payable	(5,476)	9,517
Accrued liabilities	(106,376)	(7,363)
Billings in excess of costs and estimated earnings	211,022	(119,974)
Total Adjustments	720,209	(181,846)
Net cash provided (used) by operating activities	316,445	49,789
Investing Activities:
Purchase of property and equipment		(5,880)
Proceeds from disposal of equipment		35,000
Net cash provided (used) by investing activities		29,120
Financing Activities:
New borrowings
Debt reduction
Non-related party	(185,074)	(112,601)
Related-party	(172,531)	(5,064)
Proceeds from issuance of common stock		10
Net cash provided (used) by financing activities	(357,605)	(117,655)
Net increase (decrease) in cash	(41,160)	(38,746)
Cash at beginning of period	46,812	229,882
Cash at end of period	5,652	191,136
Supplemental Disclosures
Interest paid	88,289	35,964
Income taxes paid

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash	$ 5,652	$ 46,812
Advances to employees	13,540	13,449
Contracts receivable (net of allow. for bad debt)	3,808,450	4,710,569
Inventory	84,517	85,614
Deferred Tax Asset - Current		86,098
Prepaid expenses	122,462	27,659
Cost and estimated earnings in excess of billings on uncompleted contracts	980,887	687,791
Total current assets	5,015,508	5,657,992
Property and equipment, net	1,571,834	1,677,682
Goodwill	1,446,855	1,446,855
Deferred tax asset- non-current	718,980	632,882
Other assets	4,731	4,731
TOTAL ASSETS	8,757,908	9,420,142
Current liabilities
Accounts payable	2,348,713	2,354,189
Accrued payroll	30,699	30,967
Accrued job costs	22,192	128,355
Billings in excess of costs and estimated earnings on uncompleted contracts	429,886	218,864
Notes payable
Current portion long-term debt
Related party	212,268	229,011
Non-related party	601,043	602,630
Total current liabilities	3,644,801	3,563,996
Long-term debt, net of current portion
Related party	3,063,002	3,218,790
Non-related party	2,166,984	2,350,471
Total long-term liabilities	5,229,986	5,569,261
Stockholders' equity
Common stock, authorized: $0.001 par value, 250,000,000 shares, at March 31, 2017; issued: 47,300,500 shares, at March 31, 2017; 47,300,500 shares, at December 31, 2016	47,300	47,300
Additional paid in capital	1,471,158	1,471,158
Accumulated surplus	(1,635,337)	(1,231,573)
Total stockholders' equity	(116,879)	286,885
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 8,757,908	$ 9,420,142