EX1A-15 ADD EXHB 2 Empirefinancialstatements.txt FINANCIAL STATEMENTS EMPIRE THE MISCIAL WORLDWIDE LIMITED LIABILITY COMPANY BALANCE SHEET DECEMBER 31, 2015 (UNAUDITED) Assets Cash and cash equivalents $ 294,362 Accounts receivable and advances 45,590 Royalty advances 29,154 Prepaid preliminary production costs 2,849,441 Total Assets $ 3,218,547 Liabilities and Members' Equity Liabilities Accounts payable and accrued expenses $ 2,807 Loans payable 410,000 Total Liabilities 412,807 Members' Equity 2,805,740 Total Liabilities and Members' Equity $ 3,218,547 STATEMENT OF MEMBERS' EQUITY (UNAUDITED) Investing members' capital contributions $ 2,805,740 Members' Equity $ 2,805,740 EMPIRE THE MISCIAL WORLDWIDE LIMITED LIABILITY COMPANY SCHEDULE OF PREPAID PRELIMINARY PRODUCTION COSTS FOR THE PERIOD FROM DATE OF INCEPTION THROUGH DECEMBER 31, 2015 (UNAUDITED) Physical Production Scenery and automation $ 16,276 Production Fees Author 101,500 Director 51,261 Choreographer 9,856 Costume designer 17,500 Lighting designer 10,000 General manager 10,000 Dance arranger 5,000 205,117 General and Administrative Producer's office fee 42,500 Accounting and payroll service 11,900 Insurance 14,156 Payroll taxes 960 Union assessments 2,515 Telephone, messenger, fax and copier 319 Meals 157 Transportation 1,897 Miscellaneous 34 74,438 Development Expenses January 2015 two week staged reading 99,921 May 2013 29 hour reading 30,025 2012 staged reading 26,945 Other developmental expenses 1,760,229 1,917,120 Balance of prepaid preliminary production costs carried forward 2,212,951 EMPIRE THE MISCIAL WORLDWIDE LIMITED LIABILITY COMPANY SCHEDULE OF PREPAID PRELIMINARY PRODUCTION COSTS FOR THE PERIOD FROM DATE OF INCEPTION THROUGH DECEMBER 31, 2015 (UNAUDITED) Balance of prepaid preliminary production costs brought forward $ 2,212,951 Workshop Physical Production Scenery and automation 47,567 Projections 2,000 Sound preparation and perishables 6,167 Piano tuning and music equipment 1,050 56,784 Production Fees Choreographer 5,625 Scenic designer 11,875 General manager 12,500 Executive producer 12,500 Music director 20,577 Dance arranger 3,000 Casting director 10,000 76,077 Audition and Rehearsal Expense Audition hall, pianist and casting 10,059 Rehearsal hall 22,691 Presentation space and venue labor 31,450 Rental fees 319 Projector rental 600 Presentation refreshments 3,505 Stage manager's expenses 4,228 72,852 Balance of prepaid preliminary production costs carried forward 2,418,664 EMPIRE THE MISCIAL WORLDWIDE LIMITED LIABILITY COMPANY SCHEDULE OF PREPAID PRELIMINARY PRODUCTION COSTS FOR THE PERIOD FROM DATE OF INCEPTION THROUGH DECEMBER 31, 2015 (UNAUDITED) Balance of prepaid preliminary production costs brought forward $ 2,418,664 Production Salaries Principals 204,683 Production stage manager 16,915 Assistant stage manager 12,321 Company managers 6,000 Assistant musical director 7,005 Drums 4,720 Arrangements, music copying and preparation 5,000 Assistant director 6,000 Assistant choreographer 6,000 Child guardian 3,600 Tutor and work permit 6,850 Properties person and shopper 3,750 Production assistant 4,000 Other technical support 2,240 289,084 General and Administrative Accounting and payroll service 5,541 Insurance 13,896 Payroll taxes 38,294 Union assessments 71,687 Telephone, messenger, fax and copier 1,409 Cartage 2,810 Invitations 1,496 Miscellaneous 1,540 136,673 Transportation, Housing and Per Diem Transportation 2,333 Housing 999 Per diems 700 Local transportation 988 5,020 Total Prepaid Preliminary Production Costs $ 2,849,441