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Report, April 8, 1942

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UNITED STATES RAI BALANC As of Decem ASSETS Current Assets : Cash in Banks and on Hand $ 91,800.91 United States Treasury Tax Anticipation Notes 200,320.00 Marketable Securities-at Cost (quoted market $37,074.37) 35,241.05 Notes and Accounts Receivable: Customers $131,632.84 Miscellaneous 358.33 131,991.17 Less Reserve for Doubtful Accounts 2,000.00 129,991.17 Inventories-at lower of cost or market 74,793.37 Total Current Assets 532,146.50 Investments in and advances to Weksler Thermometer Corporation (a non- consolidated subsidiary) : Capital Stock (See Note 1) 12,680.00 Advances 34,664.73 47,344.73 Prepaid Expenses 5,387.64 Property, Plant and Equipment : Idle Plant (Leased to Others) 60,421.81 Less Reserve for Depreciation 33,068.83 27,352.98 Laboratory and Mechanical Equipment $49,343.08 Office Furniture and Fixtures 7,461.13 56,804.21 Less Reserve for Depreciation 12,473.14 44,331.07 71,684.05 Deferred Charges : Leasehold Improvements, etc., less amortization 13,135.02 Patent Expenses, less amortization 1,183.90 14,318.92 Goodwill-at record amount 1.00 $670,882.84 NOTES: (1) The investment in capital stock of Weksler Thermometer Corporation represents 63% of the outstanding 6% cumulative preferred stock and 80% of the outstanding common stock of that Corporation. Based on an unaudited Balance Sheet of Weksler Thermometer Corporation at December 31, 1941, the equity in the net assets applicable to the stockholdings of United States Radium Corporation was $32,800.00 as com- pared with the investment of $12,680.00. (2) Includes provision of $21,000.00 for New York State Franchise Tax, payable in 1942, based on the income for the year ended December 31, 1941. Prior to 1941 it had not been the practice of the Company to take up this tax in the accounts until paid. (3) The authorized capital stock is stated in accordance with an amendment to the Certificate of Incorporation approved by the stockholders January 14, 1942, which reduced the number of shares of $7.00 cumulative first preferred stock authorized from 1,100 shares to 1,000 shares and cancelled the authorized $7.00 cumulative preference stock.

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    "ocrText": "UNITED STATES RAI\nBALANC\nAs of Decem\nASSETS\nCurrent Assets :\nCash in Banks and on Hand\n$ 91,800.91\nUnited States Treasury Tax Anticipation Notes\n200,320.00\nMarketable Securities-at Cost (quoted market $37,074.37)\n35,241.05\nNotes and Accounts Receivable:\nCustomers\n$131,632.84\nMiscellaneous\n358.33\n131,991.17\nLess Reserve for Doubtful Accounts\n2,000.00\n129,991.17\nInventories-at lower of cost or market\n74,793.37\nTotal Current Assets\n532,146.50\nInvestments in and advances to Weksler Thermometer Corporation (a non-\nconsolidated subsidiary) :\nCapital Stock (See Note 1)\n12,680.00\nAdvances\n34,664.73\n47,344.73\nPrepaid Expenses\n5,387.64\nProperty, Plant and Equipment :\nIdle Plant (Leased to Others)\n60,421.81\nLess Reserve for Depreciation\n33,068.83\n27,352.98\nLaboratory and Mechanical Equipment\n$49,343.08\nOffice Furniture and Fixtures\n7,461.13\n56,804.21\nLess Reserve for Depreciation\n12,473.14\n44,331.07\n71,684.05\nDeferred Charges :\nLeasehold Improvements, etc., less amortization\n13,135.02\nPatent Expenses, less amortization\n1,183.90\n14,318.92\nGoodwill-at record amount\n1.00\n$670,882.84\nNOTES:\n(1) The investment in capital stock of Weksler Thermometer Corporation represents 63% of the outstanding\n6% cumulative preferred stock and 80% of the outstanding common stock of that Corporation. Based on\nan unaudited Balance Sheet of Weksler Thermometer Corporation at December 31, 1941, the equity in the\nnet assets applicable to the stockholdings of United States Radium Corporation was $32,800.00 as com-\npared with the investment of $12,680.00.\n(2)\nIncludes provision of $21,000.00 for New York State Franchise Tax, payable in 1942, based on the income\nfor the year ended December 31, 1941. Prior to 1941 it had not been the practice of the Company to take\nup this tax in the accounts until paid.\n(3) The authorized capital stock is stated in accordance with an amendment to the Certificate of Incorporation\napproved by the stockholders January 14, 1942, which reduced the number of shares of $7.00 cumulative\nfirst preferred stock authorized from 1,100 shares to 1,000 shares and cancelled the authorized $7.00\ncumulative preference stock."
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