HAL-PC Balance Sheet -- February 1998 (unaudited)
Apr 1, 1998 HAL-PC Page 1
4:26 am BALANCE SHEET
Feb/98 Feb/97 Inc/ %
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ASSETS
CURRENT ASSETS:
Petty cash $1,071 $219 $852 389.3%
Cash in bank 440,007 121,955 318,052 260.8%
Clearing 470 470 0 0.0%
United States Treasury Bills 387,369 241,581 145,788 60.3%
Accounts receivable 43,034 43,944 -910 -2.1%
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TOTAL CURRENT ASSETS 871,952 408,169 463,783 113.6%
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PROPERTY AND EQUIPMENT:
Machinery & equipment
Machinery & equipment 1,069 1,069 0 0.0%
Machinery & equipment 207,205 207,205 0 0.0%
Machinery & equipment-Clr Lake 0 2,147 -2,147 -100.0%
Acc depr - Machinery & equip.
-202,524 -193,818 -8,706 -4.5%
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TOTAL Machinery & equipment 5,750 16,603 -10,853 -65.4%
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Furniture and fixtures
Furniture and fixtures 32,633 32,633 0 0.0%
Acc depr - Furniture & fixt. -32,169 -31,773 -396 -1.2%
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TOTAL Furniture & fixtures 464 860 -396 -46.0%
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Leasehold improvements
Leasehold improvements 135,721 10,287 125,434 1219.4%
Acc amort. - Leasehold impr. -19,589 -10,287 -9,302 -90.4%
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TOTAL Leasehold improvements 116,133 0 116,133
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TOTAL PROPERTY AND EQUIPMENT 122,347 17,464 104,883 600.6%
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OTHER ASSETS:
Deposits
Geo. R. Brown special deposits 0 4,630 -4,630 -100.0%
HBS Interests, Inc. - Rent 350 3,608 -3,258 -90.3%
4543 P. O., Inc. - Security 6,763 6,763 0 0.0%
Deposits - Gulf Presort 500 500 0 0.0%
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FOR DISCUSSION PURPOSES ONLY
Apr 1, 1998 HAL-PC Page 2
4:26 am BALANCE SHEET
Feb/98 Feb/97 Inc/ %
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TOTAL Deposits 7,613 15,501 -7,888 -50.9%
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Prepaid expenses
Prepaid advertising expense 3,769 10,015 -6,246 -62.4%
Prepaid rent - Geo. R. Brown 8,800 6,000 2,800 46.7%
Prepaid rent - 4543 Post Oak 0 80,315 -80,315 -100.0%
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TOTAL Prepaid expenses 12,569 96,330 -83,761 -87.0%
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TOTAL OTHER ASSETS 20,182 111,831 -91,649 -82.0%
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TOTAL ASSETS $1,014,480 $537,464 $477,016 88.8%
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LIABILITIES
CURRENT LIABILITIES:
Accounts payable $26,770 $17,668 $9,102 51.5%
SUI payable 20 43 -22 -52.2%
Sales tax payable 10,232 -636 10,869 1707.8%
Deferred revenue--Membership 255,021 186,644 68,378 36.6%
Deferred revenue-Membership CL 6,504 0 6,504
Deferred revenue--Presentation 28,932 24,582 4,350 17.7%
Deferred revenue--Vendor fees 3,385 2,980 405 13.6%
Deferred revenue-Internet fees 225,501 97,041 128,460 132.4%
Deferred monthly fees - Exempt 3,770 0 3,770
Deferred monthly fees - CL 1,160 0 1,160
Unfunded scholarships 1,000 1,000 0 0.0%
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TOTAL CURRENT LIABILITIES 562,295 329,321 232,975 70.7%
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TOTAL LIABILITIES 562,295 329,321 232,975 70.7%
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FUND BALANCE
Earnings from prior years 182,757 160,208 22,549 14.1%
Current revenue over (under) expense
269,428 47,935 221,493 462.1%
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TOTAL FUND BALANCE 452,185 208,143 244,042 117.2%
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TOTAL LIABILITIES & FUND BALANCE
$1,014,480 $537,464 $477,016 88.8%
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FOR DISCUSSION PURPOSES ONLY
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