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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash	$ 49,000	$ 47,000
Accounts receivable, net	2,143,000	2,117,000
Inventory	383,000	400,000
Prepaid expenses & other assets	630,000	486,000
Total current assets	3,205,000	3,050,000
Property, Plant & Equipment (at cost):
Leasehold improvements	3,000	3,000
Machinery, equipment & software	2,258,000	2,224,000
less: Accumulated depreciation & amortization	(2,208,000)	(2,204,000)
Property, plant & equipment, net	53,000	23,000
Other Assets:
Intangible Assets, net	1,343,000	1,397,000
Goodwill	1,152,000	1,152,000
Total other assets	2,495,000	2,549,000
Total Assets	5,753,000	5,622,000
Current Liabilities:
Accounts payable	1,425,000	1,225,000
Note payable – related party	617,000	327,000
Note payable – line of credit	865,000	514,000
Unearned revenue	223,000	2,000
Severance Payable, Current	180,000	0
Accrued expenses	310,000	250,000
Total current liabilities	3,620,000	2,318,000
Long term Liabilities:
Note payable – related party	1,174,000	1,517,000
Severance payable	119,000	0
Total long term liabilities	1,293,000	1,517,000
Total Liabilities	4,913,000	3,835,000
Shareholders' Equity:
$1 par value; 25,000,000 shares authorized; 16,953,176 shares issued and outstanding at March 31, 2018 and December 31, 2017	16,953,000	16,953,000
Capital in excess of par value	688,000	688,000
Accumulated deficit	(16,801,000)	(15,854,000)
Total Shareholders' Equity	840,000	1,787,000
Total Liabilities & Shareholders’ Equity	$ 5,753,000	$ 5,622,000

The carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to severance costs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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AG&E HOLDINGS INC. 10-Q