CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
2000 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 467,577 $ -
Cash paid for continuing operating
expenses (1,222,181) (89,798)
Cash paid for discontinued operations ( 65,592) -
Cash received for interest 6,909 -
Cash paid for interest ( 18,548) ( 6,253)
Net cash used by operating
activities ( 831,835) (96,051)
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to related company ( 128,000) -
Repayment of advances to related
company 575,910 -
Purchase of business and other assets ( 8,354) -
Purchase of equipment and fixtures ( 958,385) ( 3,377)
Net cash used by investing
activities ( 518,829) ( 3,377)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common
stock 1,100,000 -
Collections on stock subscription
receivable - 62,500
Proceeds from stockholder
notes payable 950,000 -
Proceeds from related party
notes payable - 5,314
Repayment of related party notes
payable ( 16,539) -
Other - 22,500
Net cash provided by
financing activities 2,033,461 90,314
NET INCREASE (DECREASE) IN CASH 682,797 ( 9,114)
CASH AND CASH EQUIVALENTS,
BEGINNING OF YEAR 6 9,120
CASH AND CASH EQUIVALENTS,
END OF YEAR$ 682,803$ 6
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