CASH
----
Lumen Foods: Hibernia 11,201.31
-------------
TOTAL CASH ................ 11,201.31
CURRENT ASSETS, A/R & INVEN
---------------------------
Accounts Receivable 43,681.72
Short-Term Loans 11,134.35
Inventory 119,200.35
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TOTAL A/R & INVENTORY 174,016.42
TOTAL CURRENT ASSETS 185,217.73
FIXED ASSETS
------------
Fixed Asset: Lumen purch 5,651.94
New Equipment 266,836.21
Vehicles/Transport 20,449.69
Furniture & Fixtures 6,799.25
Less: Fixed Asset Deprec. 266,462.47-
------------
NET EQUIPMENT VALUE 33,274.62
LEASEHOLD IMPROVEMENTS
----------------------
Leasehold Improvements 24,223.98
Less: Leasehold Improv Dpn 21,137.22-
------------
NET LEASEHOLD IMPROV VALUE 3,086.76
EQUIPMENT & IMPROVEMENTS 36,361.38
REAL PROPERTY
-------------
Property: 2200 Hodges St. 43,149.19
Property: 2116-2128 Hodges 210,892.49
Property Note: 610 Murry 20,800.00
Property: 324 Prewitt 42,500.00
Real Property, Purch Value 317,341.68
Less: Deprec, 2200 Hodges 15,347.01-
Less: Deprec, 2116-2128 Hod 59,257.95-
Less: Prin Paydown, Murry 1,620.59-
Less: Deprec, 324 Prewitt 2,883.10-
Less: Total Property Deprec 79,108.65-
-----------
TOTAL REAL PROPERTY 238,233.03
DEFERRED CHARGES / DEPOSITS
---------------------------
Utility Deposits 1,200.00
---------
TOTAL DEFERRED CHARGES/DEP 1,200.00
TOTAL ASSETS ....................................... 461,012.14
==========
LIABILITIES & EQUITY
--------------------
Total Current Liabilities 0.00
LONG-TERM DEBT
--------------
Notes - Hibernia Refi 170,829.44
Notes - Hibernia Vehicle 773.97
Notes - Gulf Coast Bank 82,121.03
------------
Total Long-Term Liab. 253,724.44
------------
TOTAL LIABILITIES 253,724.44
SHAREHOLDERS EQUITY
-------------------
Balance Beginning of Year 232,683.73-
Capital Contributions 29,072.31
LFC Capital Contributions 348,851.42
Retained Earnings 62,047.70
------------
TOTAL SHAREHOLDERS EQUITY 207,287.70
------------
TOTAL LIABILITIES & EQUITY 461,012.14
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