LOM 2023 Annual Report - Report - Page 32
LOM
2021 ANNUAL REPORT
Consolidated Balance Sheets
As of December 31, 2021 and 2020 (expressed in U.S. Dollars)
2021
2020
$18,315,796
$8,491,542
$192,500
$220,000
Securities owned, at fair value (cost: 2021 - $4,673,736; 2022 - $4,100,903) (Note 3)
$4,902,156
$5,466,674
Accounts receivable (Note 2)
$1,050,537
$844,751
$60,360
$46,181
$222,031
$431,405
Equity investment in affiliate (Note 4)
$1,507,795
$1,606,396
Property and equipment, net (Note 5)
$8,681,756
$8,168,006
$22,845
$22,423
$34,955,776
$25,297,378
$1,259,678
$747,748
$3,504
$4,277
$147,500
$237,500
$1,410,682
$989,525
Common shares, par value $0.10 per share; $20,000,000 shares authorized, and
$5,163,698; (2020 - $5,203,698) shares issued and outstanding (Note 6)
$516,370
$520,370
Additional paid-in capital
$743,907
$866,907
Retained earnings
$32,284,817
$22,920,576
Total Shareholders’ Equity
$33,545,904
$24,307,853
Total Liabilities and Shareholders’ Equity
$34,955,776
$25,297,378
Assets
Cash and cash equivalents
Restricted cash
Due from related parties
Prepaid expenses and other assets
Deferred tax asset
Total Assets
Liabilities
Accounts payable and accrued liabilities
Securities sold short, at fair value (proceeds: 2021 - $3,504; 2020 - $4,277) (Note 3)
Bank loan (Note 10)
Total Liabilities
Shareholders’ Equity
Approved by the Board of Directors
Director
32
Director
