CASH
----
Lumen Foods: Hibernia 38,839.34
-------------
TOTAL CASH ................ 38,839.34
CURRENT ASSETS, A/R & INVEN
---------------------------
Accounts Receivable 51,995.13
Short-Term Loans 6,564.23
Inventory 91,359.59
-------------
TOTAL A/R & INVENTORY 149,918.95
TOTAL CURRENT ASSETS 188,758.29
FIXED ASSETS
------------
Fixed Asset: Lumen purch 5,651.94
New Equipment 271,811.21
Vehicles/Transport 31,392.19
Furniture & Fixtures 6,799.25
Less: Fixed Asset Deprec. 266,462.47-
------------
NET EQUIPMENT VALUE 49,192.12
EQUIPMENT & IMPROVEMENTS 49,192.12
REAL PROPERTY
-------------
Property Note: 610 Murry 20,800.00
Less: Total Property Deprec 1,620.59-
------------
TOTAL REAL PROPERTY 19,179.41
DEFERRED CHARGES / DEPOSITS
---------------------------
Utility Deposits 1,200.00
---------
TOTAL DEFERRED CHARGES/DEP 1,200.00
TOTAL ASSETS ....................................... 258,329.82
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LIABILITIES & EQUITY
--------------------
Total Current Liabilities 0.00
LONG-TERM DEBT
--------------
Notes - Hibernia Refi 149,840.60
Notes - Gulf Coast Bank 23,555.37
------------
Total Long-Term Liab. 173,395.97
------------
TOTAL LIABILITIES 173,395.97
SHAREHOLDERS EQUITY
-------------------
Balance Beginning of Year 321,500.13-
Capital Contributions 29,072.31
LFC Capital Contributions 348,851.42
Retained Earnings 28,510.25
------------
TOTAL SHAREHOLDERS EQUITY 84,933.85
------------
TOTAL LIABILITIES & EQUITY 258,329.82
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