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Report, April 30, 1948

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UNITED STATES RAI BALANO As of Decem ASSETS Current Assets: Cash in banks and on hand $ 237,435 United States Government obligations (principally Treasury Savings Notes) - at cost and accrued interest (quoted market value $147,136) 147,442 Accounts receivable : Customers $ 167,717 Miscellaneous 4,137 171,854 Less Reserve 4,000 167,854 Inventories - at lower of cost or market 157,184 Total Current Assets 709,915 Prepaid Expenses 8,085 Claim for Refund of Federal Income Taxes 24,712 Machinery (not used in operations) held for sale 9,329 Investment in and Advances to Weksler Thermometer Corporation (a nonconsoli- dated subsidiary) - (see Note) : Capital stock 53,180 Advances 376 53,556 Property, Plant and Equipment : Land 6,750 Building 114,993 Laboratory and mechanical equipment, including small tools and jigs 181,409 Automobiles 2,409 Office furniture and fixtures 14,834 320,395 Less Reserve for depreciation 87,680 232,715 Real estate leased to others $ 14,303 Less Reserve for depreciation 4,512 9,791 242,506 Deferred Charges : Leasehold improvements, etc., less amortization 2,151 Patent expenses, less amortization 742 2,893 Goodwill - at record amount 1 $1,050,997 NOTE: The investment in capital stock of Weksler Thermometer Corporation represents 82% of the outstanding 6% cumulative preferred stock and 80% of the outstanding common stock of that corporation. Based on the audited balance sheet of Weksler Thermometer Corporation at December 31, 1947, the equity in the net assets applicable to the stockholdings of United States Radium Corporation was $123,186 in excess of the carrying value of the investment.

Page data

Page
2
Source index
0
Type
photo
Media ID
0c64c0223509854c
Size
unknown

Document data

ID
75730365
Core
doc
Type
document
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Page context 
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    "ocrText": "UNITED STATES RAI\nBALANO\nAs of Decem\nASSETS\nCurrent Assets:\nCash in banks and on hand\n$ 237,435\nUnited States Government obligations (principally Treasury Savings Notes) - at cost and\naccrued interest (quoted market value $147,136)\n147,442\nAccounts receivable :\nCustomers\n$ 167,717\nMiscellaneous\n4,137\n171,854\nLess Reserve\n4,000\n167,854\nInventories - at lower of cost or market\n157,184\nTotal Current Assets\n709,915\nPrepaid Expenses\n8,085\nClaim for Refund of Federal Income Taxes\n24,712\nMachinery (not used in operations) held for sale\n9,329\nInvestment in and Advances to Weksler Thermometer Corporation (a nonconsoli-\ndated subsidiary) - (see Note) :\nCapital stock\n53,180\nAdvances\n376\n53,556\nProperty, Plant and Equipment :\nLand\n6,750\nBuilding\n114,993\nLaboratory and mechanical equipment, including small tools and jigs\n181,409\nAutomobiles\n2,409\nOffice furniture and fixtures\n14,834\n320,395\nLess Reserve for depreciation\n87,680\n232,715\nReal estate leased to others\n$ 14,303\nLess Reserve for depreciation\n4,512\n9,791\n242,506\nDeferred Charges :\nLeasehold improvements, etc., less amortization\n2,151\nPatent expenses, less amortization\n742\n2,893\nGoodwill - at record amount\n1\n$1,050,997\nNOTE: The investment in capital stock of Weksler Thermometer Corporation represents 82% of the outstanding 6%\ncumulative preferred stock and 80% of the outstanding common stock of that corporation. Based on the\naudited balance sheet of Weksler Thermometer Corporation at December 31, 1947, the equity in the net\nassets applicable to the stockholdings of United States Radium Corporation was $123,186 in excess of the\ncarrying value of the investment."
}