Attached files
Exhibit 10.4
BIOVEST INTERNATIONAL, INC.
| September 30,
2010 (Unaudited) |
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| ASSETS | ||||
| Current assets: |
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| Cash |
$ | 206,000 | ||
| Accounts receivable, net of $8,000 allowance for doubtful accounts at June 30, 2010 and September 30, 2009 |
398,000 | |||
| Costs and estimated earnings in excess of billings on uncompleted contracts |
106,000 | |||
| Inventories |
417,000 | |||
| Prepaid expenses and other current assets |
141,000 | |||
| Total current assets |
1,268,000 | |||
| Property and equipment, net |
77,000 | |||
| Patents and trademarks, net |
261,000 | |||
| Reorganization value in excess of amounts allocated to identifiable assets |
2,131,000 | |||
| Other assets |
153,000 | |||
| Total assets |
$ | 3,890,000 | ||
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||
| Liabilities not subject to compromise: |
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| Current liabilities: |
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| Accounts payable |
556,000 | |||
| Customer deposits |
85,000 | |||
| Accrued liabilities |
688,000 | |||
| Notes payable, related party |
2,597,000 | |||
| Total liabilities not subject to compromise |
3,926,000 | |||
| Liabilities subject to compromise (Note 8) |
76,898,000 | |||
| Total liabilities |
80,824,000 | |||