September 30,
1998
-----------------
ASSETS
Current Assets
Cash in banks $ 37,256
Accounts receivable - officers 147,585
-----------------
TOTAL CURRENT ASSETS 184,841
Equipment, net of depreciation of $16,688 26,366
Other Assets
Notes Receivable 1,900,000
Investments 1,639,143
Software and licenses 2,625,000
Capitalized software costs 186,723
-----------------
$ 6,562,073
=================
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable $ 171,494
Accrued liabilities 11,000
Notes payable 175,000
-----------------
TOTAL CURRENT LIABILITIES 357,494
Convertible secured debentures 5,000
Contingent liabilities 0
-----------------
TOTAL LIABILITIES 362,494
STOCKHOLDERS' EQUITY
Common Stock $.001 par value:
Authorized -100,000,000 shares
Issued and outstanding 11,346,548 shares 11,346
Additional paid-in capital 12,483,852
Deficit accumulated during development stage (6,295,619)
------------------
TOTAL STOCKHOLDERS' EQUITY 6,199,579
-----------------
$ 6,562,073
================= |
