An award of punitive damages was excessive where it equaled the full value of the only asset that the defendant was shown to own.  It is plaintiff’s burden to produce evidence demonstrating the defendant’s financial condition–including both assets and liabilities.  Here, plaintiff failed to present evidence of liabilities or show that defendant had more than a minimal annual income.  Proof that he owned a 1/6 interest in an LLC which was worth $230,400 was not sufficient evidence to support a punitive damage award of that same amount–even if the award would otherwise have been proper given the reprehensibility of the defendant’s conduct and the ratio of actual to punitive damages.