HAL-PC Balance Sheet -- May 1998 (unaudited)
Jul 2, 1998 HAL-PC Page 1
3:37 am BALANCE SHEET
May/98 May/97 Inc/ %
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ASSETS
CURRENT ASSETS:
Petty cash $1,365.42 $481.64 $883.78 183.5%
Cash in bank 120,001.77 343,189.33 (223,187.56) -65.0%
Clearing 470.17 470.17 0.00 0.0%
United States Treasury Bills 739,507.30 95,666.43 643,840.87 673.0%
Accounts receivable 36,682.33 21,856.60 14,825.73 67.8%
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TOTAL CURRENT ASSETS 898,026.99 461,664.17 436,362.82 94.5%
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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. (204,408.00) (196,872.00) (7,536.00) -3.8%
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TOTAL Machinery & equipment 3,866.01 11,402.01 (7,536.00) -66.1%
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Furniture and fixtures
Furniture and fixtures 32,633.44 32,633.44 0.00 0.0%
Acc depr - Furniture & fixt. (32,265.00) (31,881.00) (384.00) -1.2%
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TOTAL Furniture & fixtures 368.44 752.44 (384.00) -51.0%
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Leasehold improvements
Leasehold improvements 170,521.18 135,721.18 34,800.00 25.6%
Acc amort. - Leasehold impr. (23,786.22) (6,995.94) (16,790.28)-240.0%
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TOTAL Leasehold improvements 146,734.96 128,725.24 18,009.72 14.0%
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TOTAL PROPERTY AND EQUIPMENT 150,969.41 140,879.69 10,089.72 7.2%
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OTHER ASSETS:
Deposits
HBS Interests, Inc. - Rent 350.00 3,608.00 (3,258.00) -90.3%
4543 P. O., Inc. - Security 6,762.88 6,762.88 0.00 0.0%
FOR DISCUSSION PURPOSES ONLY
8Jul 2, 1998 HAL-PC Page 2
3:37 am BALANCE SHEET
May/98 May/97 Inc/ %
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Deposits - Gulf Presort 500.00 500.00 0.00 0.0%
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TOTAL Deposits 7,612.88 10,870.88 (3,258.00) -30.0%
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Prepaid expenses
Prepaid advertising expense 3,768.70 0.00 3,768.70
Prepaid rent - Geo. R. Brown 23,400.00 12,000.00 11,400.00 95.0%
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TOTAL Prepaid expenses 27,168.70 12,000.00 15,168.70 126.4%
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TOTAL OTHER ASSETS 34,781.58 22,870.88 11,910.70 52.1%
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TOTAL ASSETS $1,083,777.98 $625,414.74 $458,363.24 73.3%
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LIABILITIES
CURRENT LIABILITIES:
Accounts payable $41,132.55 $9,942.54 $31,190.01 313.7%
SUI payable 39.32 30.28 9.04 29.9%
Sales tax payable 6,579.98 574.62 6,005.36 1045.1%
Deferred revenue--Membership 259,148.57 237,906.67 21,241.90 8.9%
Deferred revenue-Membership CL
5,945.12 2,872.92 3,072.20 106.9%
Deferred revenue--Presentation
18,174.38 13,123.52 5,050.86 38.5%
Deferred revenue--Vendor fees 2,115.00 2,875.00 (760.00) -26.4%
Deferred revenue-Internet fees
226,672.10 172,562.37 54,109.73 31.4%
Deferred monthly fees - Exempt
610.00 1,710.00 (1,100.00) -64.3%
Deferred monthly fees - CL 1,510.00 60.00 1,450.00 2416.7%
Unfunded scholarships 1,000.00 1,000.00 0.00 0.0%
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TOTAL CURRENT LIABILITIES 562,927.02 442,657.92 120,269.10 27.2%
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TOTAL LIABILITIES 562,927.02 442,657.92 120,269.10 27.2%
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FUND BALANCE
Earnings from prior years 182,756.82 160,207.63 22,549.19 14.1%
Current revenue over (under) expense
338,094.14 22,549.19 315,544.95 1399.4%
FOR DISCUSSION PURPOSES ONLY
8Jul 2, 1998 HAL-PC Page 3
3:37 am BALANCE SHEET
May/98 May/97 Inc/ %
============ ============ =====Var==== ==Var==
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TOTAL FUND BALANCE 520,850.96 182,756.82 338,094.14 185.0%
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TOTAL LIABILITIES & FUND BALANCE
$1,083,777.98 $625,414.74 $458,363.24 73.3%
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FOR DISCUSSION PURPOSES ONLY
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