Avioneta Holdings LLC Balance Sheet Comparison ASSETS Current Assets 2013 Change 2014 Wells Fargo Checking $ 49,126.45 $ 122,300.35 $ 171,426.80 Total Current Assets $ 49,126.45 $ 171,426.80 Fixed Assets Aircraft $ 27,930,066.41 $ $ 27,930,066.41 Total Fixed Assets $ 27,930,066.41 $ 27,930,066.41 Other Assets Startup Working Fund s s s Charter Revenue Receivable s s 274,549.40 s 274,549.40 Reimbursement Receivable s s Total Other Assets s s 274,549.40 Total Assets $ 27,979,192.86 $ 28,376,042.61 LIABILITIES & EQUITY Liabilities Payable to Jet Aviation $ 1,190,315.00 $ (865,789.79) $ 366,175.89 Aircraft Financing Loan $ 22,725,000.00 $ (1,500,000.00) $ 21,225,000.00 Total Liabilities $ 23,915,315.00 $ 21,591,175.89 Equity Capital Contributions $ 3,576,936.19 $ 6,113,735.59 $ 9,690,671.78 Opening Balance Equity $ 5,990,255.74 $ $ 5,990,255.74 Retained Earnings $ 959.93 $ (5,685,264.00) $ (5,684,304.07) Net Income $ (5,504,274.00) $ (3,211,756.73) Total Equity $ 4,063,877.86 $ 6,784,866.72 Total Liabilities & Equity $ 27,979,192.86 $ 28,376,042.61 s EFTA01087042