with no R&D expenses.
sec.gov
December 31, Depreciation Accumulated
1996 1995 Expenses Depreciation
Assets Cost Cost Life 1996 1995 1996 1995
<S> <C> <C> <C> <C> <C> <C> <C>
Equipment $17,800 $17,500 5 $ 8,485 $ -0- $ 8,485 $ -0-
Clean
Room 51,635 43,722 7 13,990 -0- 13,990 -0-
------- ------- ------- ------- ----- ------- -----
Total $ 69,435 $61,222 $22,475 $ -0- $22,475 $ -0-
sec.gov
Research & development 2,294 5,704
Equipment purchases (320,970) (389,473)
(negative cash flow -> funds spent)
CURRENT ASSETS
Cash in bank $ 161,688
Petty cash 2,000
Inventory-bottles/bagged 216,535
Inventory-raw material 21,146
Inventory-birds 33,323
PROPERTY AND EQUIPMENT-AT COST
Clean room & equipment 187,493
Laboratory equipment 36,262
Warehouse equipment 115,562
sec.gov
Balance Sheet
March 31, 1998
ASSETS
<TABLE>
<S> <C> <C>
Current Assets
-BOTTLED/BAGGED 285,228.66
-RAW MATERIALS 40,290.47
-BIRDS 32,760.50
Property and Equipment
OFFICE FURNITURE AND EQUIPMENT 98,067.64
ACCUM. DEP. FURNITURE/FIXTURE (6,721.83)
LABORATORY EQUIPMENT 40,454.06
ACCUM. DEP. LABORATORY EQUIP. (13,636.41)
CLEAN ROOM EQUIPMENT 193,593.10
ACCUM. DEP. CLEAN ROOM EQUIP. (34,104.59)
WAREHOUSE EQUIPMENT 121,599.65
ACCUM. DEP. WAREHOUSE EQUIP. (12,372.50)
PORTABLE CLEAN ROOMS 155,585.64
LOGOS, TRADEMARKS, ETC. 125,000.00 |
