It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
Silvester and Simmons re-formed the Main Ingredient in 1999 with new lead singer Carlton Blount; this line-up recorded Pure Magic in 2001. Tony Silvester died after a six-year struggle with multiple myeloma on November 27, 2006, at the age of 65, and original member Luther Simmons retired shortly thereafter.