CASH
----
Cash on Hand 168.25
Lumen Foods: Hibernia 18,594.48
Lumen Foods: Chase Cking 350.00
Lumen Foods: Chase Savings 5,722.56
----------
TOTAL CASH ................ 24,835.29
CURRENT ASSETS, A/R & INVEN
---------------------------
Accounts Receivable 49,316.14
Short-Term Loans 9,807.50
Inventory 90,339.63
----------
TOTAL A/R & INVENTORY 149,463.27
TOTAL CURRENT ASSETS 174,298.56
FIXED ASSETS
------------
Fixed Asset: Lumen purch 5,651.94
New Equipment 271,811.21
Vehicles/Transport 32,357.57
Furniture & Fixtures 6,799.25
Less: Fixed Asset Deprec. 266,462.47-
------------
NET EQUIPMENT VALUE 50,157.50
LEASEHOLD IMPROVEMENTS
----------------------
Leasehold Improvements 34,754.28
Less: Leasehold Improve 24,223.98-
-----------
10,530.30
EQUIPMENT & IMPROVEMENTS 60,687.80
REAL PROPERTY
-------------
Property: 2200 Hodges St. 43,149.19
Property: 2116-2128 Hodges 210,892.49
Property Note: 610 Murray 20,800.00
Property: 324 Prewitt 42,500.00
Real Property, Purch Value 314,341.68
Less: Deprec, 2200 Hodges 18,513.30-
Less: Deprec, 2116-2118 Hod 75,225.66-
Less: Prin Paydown, Murry 1,620.59-
Less: Deprec, 324 Prewitt 5,242.00-
Less: Total Property Deprec 101,601.55-
------------
TOTAL REAL PROPERTY 216,740.13
DEFERRED CHARGES / DEPOSITS
---------------------------
Prepaid Rent / Leasehold 52,000.00
Utility Deposits 1,200.00
---------
TOTAL DEFERRED CHARGES/DEP 53,200.00
TOTAL ASSETS ....................................... 504,926.49
==========
LIABILITIES & EQUITY
--------------------
Total Current Liabilities 0.00
LONG-TERM DEBT
--------------
Notes - Hibernia Refi 143,559.10
Notes - Gulf Coast Bank 12,363.55
------------
Total Long-Term Liab. 155,922.65
------------
TOTAL LIABILITIES 155,922.65
SHAREHOLDERS EQUITY
-------------------
Balance Beginning of Year 321,500.13-
Capital Contributions 29,072.31
LFC Capital Contributions 348,851.42
Retained Earnings 292.580.24
------------
TOTAL SHAREHOLDERS EQUITY 349,003.84
------------
TOTAL LIABILITIES & EQUITY 504,926.49
==========
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