- We protect over 150,000 people across North America
- Over 20 years experience in the industry
- One of the few alarm companies to manufacture our own technology
- You deal directly with AlarmForce at all times
- Lowest prices and best value in the business
Financial Information
CONSOLIDATED BALANCE SHEET
| 2005 | 2004 | |
| ASSETS | (Note 3) | |
| Cash | 27,074 | 369,803 |
| Short term investments | 4,060,000 | 4,000,000 |
| Accounts receivable | 244,135 | 411,871 |
| Inventory | 1,670,656 | 1,151,291 |
| Prepaid expenses and deposits | 39,936 | 50,865 |
| 6,041,802 | 5,983,830 | |
| Deferred Charges (Note 4) | 72,482 | 136,821 |
| Property, Plant & Equipment (Note 5) | 10,253,508 | 9,822,109 |
| Intangible Assets (Note 6) | 4,021,491 | 4,774,070 |
| $20,389,283 | $20,716,830 | |
| LIABILITIES | ||
| Current | ||
| Accounts payable and accrued liabilities | 2,378,375 | 2,218,977 |
| Unearned revenue | 439,712 | 454,534 |
| Income taxes | 445,753 | 264,202 |
| Current portion of long-term debt (Note 7) | 660,480 | 1,241,549 |
| 3,924,320 | 4,179,262 | |
| Deferred Revenue | 1,679,811 | 1,353,412 |
| Long-term debt (Note 7) | 285,240 | 975,052 |
| Future Income Taxes | 821,000 | 1,426,767 |
| 6,710,371 | 7,934,493 | |
| SHAREHOLDERS’ EQUITY | ||
| Share capital (Note 8) | 11,795,130 | 11,708,770 |
| Paid-in capital - options (Note 8) | 202,140 | 202,140 |
| Retained earnings | 1,681,642 | 871,428 |
| 13,678,912 | 12,782,338 | |
| $ 20,389,283 | $ 20,716,830 |
See accompanying notes to financial statements.
Approved on behalf of the Board:
Joel Matlin, Director
Peter Silverberg, Director