First tax year for my LLC, but all we have had are expenses and never opened the bar so what do I need to do?

I partnered with a friend this time last year and we formed an LLC with the intention of having a bar and grill opened by April 2008. Well as these things go it has taken us longer and only now are we closing the deal. In the time that has elapsed we have incurred expenses which we doent and have also had to take draws for our own financial stability. Do I need to show those draws as income or as loans from the business? We have leveraged our own future revenue shares as collateral and will be repaying as the business shows profit.