HAL-PC Balance Sheet -- May 1997 (unaudited)
Jul 3, 1997 HAL-PC Page 1
12:22 am BALANCE SHEET
May/97 May/96 Inc/ %
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ASSETS
CURRENT ASSETS:
Petty cash $481.64 $32.04 $449.60 1403.2%
Cash in bank 339,364.11 357,793.37 -18,429.26 -5.2%
Clearing 470.17 0.00 470.17
United States Treasury Bills 95,666.43 0.00 95,666.43
Accounts receivable 21,856.60 14,519.96 7,336.64 50.5%
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TOTAL CURRENT ASSETS 457,838.95 372,345.37 85,493.58 23.0%
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PROPERTY AND EQUIPMENT:
Machinery & equipment
Machinery & equipment 1,069.00 1,069.00 0.00 0.0%
Machinery & equipment 207,205.01 207,205.01 0.00 0.0%
Acc depr - Machinery & equip.
-196,872.00 -184,656.00 -12,216.00 -6.6%
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TOTAL Machinery & equipment 11,402.01 23,618.01 -12,216.00 -51.7%
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Furniture and fixtures
Furniture and fixtures 32,633.44 32,633.44 0.00 0.0%
Acc depr - Furniture & fixt.
-31,881.00 -31,449.00 -432.00 -1.4%
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TOTAL Furniture & fixtures 752.44 1,184.44 -432.00 -36.5%
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Leasehold improvements
Leasehold improvements 10,286.85 10,286.85 0.00 0.0%
Acc depr - Leasehold impr.
-10,286.85 -10,286.85 0.00 0.0%
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TOTAL Leasehold improvements 0.00 0.00 0.00
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TOTAL PROPERTY AND EQUIPMENT 12,154.45 24,802.45 -12,648.00 -51.0%
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OTHER ASSETS:
Deposits
Geo. R. Brown special deposits 0.00 8,000.00 -8,000.00 -100.0%
Sheraton Astrodome deposit 0.00 500.00 -500.00 -100.0%
HBS Interests, Inc. - Rent 3,608.00 3,608.00 0.00 0.0%
4543 P. O., Inc. - Security 6,762.88 0.00 6,762.88
FOR DISCUSSION PURPOSES ONLY
Jul 3, 1997 HAL-PC Page 2
12:22 am BALANCE SHEET
May/97 May/96 Inc/ %
============ ============ =====Var==== ==Var==
Deposits - Gulf Presort 500.00 500.00 0.00 0.0%
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TOTAL Deposits 10,870.88 12,608.00 -1,737.12 -13.8%
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Prepaid expenses
Prepaid rent - Geo. R. Brown
12,000.00 0.00 12,000.00
Prepaid rent - 4543 Post Oak
101,270.90 0.00 101,270.90
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TOTAL Prepaid expenses 113,270.90 0.00 113,270.90
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TOTAL OTHER ASSETS 124,141.78 12,608.00 111,533.78 884.6%
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TOTAL ASSETS $594,135.18 $409,755.82 $184,379.36 45.0%
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LIABILITIES
CURRENT LIABILITIES:
Accounts payable $9,877.59 $2,982.91 $6,894.68 231.1%
SUI payable 30.28 70.79 -40.51 -57.2%
Sales tax payable 579.57 3,933.92 -3,354.35 -85.3%
Deferred revenue--Membership
237,906.67 180,488.57 57,418.10 31.8%
Deferred revenue-Membership CL
2,872.92 0.00 2,872.92
Deferred revenue--Presentation
13,123.52 3,500.00 9,623.52 275.0%
Deferred revenue--Vendor fees 2,875.00 -110.00 2,985.00 2713.6%
Deferred revenue-Internet fees
172,562.37 57,682.00 114,880.37 199.2%
Deferred monthly fees - Exempt
1,710.00 0.00 1,710.00
Deferred monthly fees - CL 60.00 0.00 60.00
Unfunded scholarships 1,000.00 1,000.00 0.00 0.0%
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TOTAL CURRENT LIABILITIES 442,597.92 249,548.19 193,049.73 77.4%
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TOTAL LIABILITIES 442,597.92 249,548.19 193,049.73 77.4%
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FUND BALANCE
Earnings from prior years 160,207.63 82,424.82 77,782.81 94.4%
Current revenue over (under) expense
-8,670.37 77,782.81 -86,453.18 -111.1%
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FOR DISCUSSION PURPOSES ONLY
Jul 3, 1997 HAL-PC Page 3
12:22 am BALANCE SHEET
May/97 May/96 Inc/ %
============ ============ =====Var==== ==Var==
TOTAL FUND BALANCE 151,537.26 160,207.63 -8,670.37 -5.4%
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TOTAL LIABILITIES & FUND BALANCE
$594,135.18 $409,755.82 $184,379.36 45.0%
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FOR DISCUSSION PURPOSES ONLY
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