1. Compile 5 well thought questions that you would like to ask management based on what you see in the financials and read in the additional information that may assist you in assessing risk. Additional Facts: Expo technology is a digital computing company. The company has 12 offices in Mexico and the US. The company employees 1500 employees. The company has been looking to grow the business significantly by diversifying the manufacturing of the products they produce. Recently, a new competitor with more innovative techology has entered the Canadian market. The new President of the Company has successfully completed his first 90 days of work. His prior experience included an impressive career in upper level management at the local Target (a retail store). The accounting department reports to the President of the Company. One of the staff auditors assigned to the job told you she was in the grocery store and she overheard the Controller of the Company explaining to her husband that she felt a lot of pressure to get the numbers out quickly to the auditors and she just wasn't ready. Last year it took her 60 days to close the year however the new President told her it must be complete by January 7th.

Expo Technologies Inc
Balance Sheet
	Unaudited Dec 31, 2018	Dec 31, 2017
Assets
Current Assets:
Cash & cash equivalents	7,185,555	970,446
Available for sale securities	4,932,000	-
Accounts receivable, net of allowance for doubtful accounts of $400,000 and $400,000	12,500,000	3,957,000
Inventories	29,006,887	1,820,001
Current portion of notes receivable	3,688,900	125,000
Deferred income taxes	123,000	142,000
Other current assets	2,500,000	675,000
Total current assets	59,936,342	7,689,447
Liabilities & Stockholders' Equity
Current liabilities:
Note payable	4,699,200	4,700,000
Current portion of long term debt	335,000	216,699
Accounts payable and accrued expenses	12,955,331	591,675
Income taxes payable	615,000	590,000
Deferred revenue	699,500	100,000
Total current liabilities	19,304,031	6,198,374
Long term obligation under capital leases	372,010	162,900
Deferred income taxes	272,300	-
Stockholders' equity:
Common stock	83,150	83,150
Additional paid in capital	31,379,753	930,577
Retained earnings	8,525,098	314,446
Total stockholders' equity	39,988,001	1,328,173
Total liabilities and stockholders' equity	59,936,342	7,689,447