To: steveK. (1665 )
From: SCOOBEY-DO Friday, Apr 2 1999 1:49PM ET
Reply # of 2431
Balance Sheet from the 10-QSB
February 28, August 31,
1998 (Unaudited) 1997 (Audited)
ASSETS
Total Assets $1611 $45
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Due to stockholder $0 $35,135
Accounts payable 270,178 283,178
Due to related party 15,694 0
Commissions payable 21,400 18,399
Total current liabilities 307,272 336,712
Commitments and Contingencies
Stockholders' Equity:
Common stock, $.01 par value, authorized
10,000,000 shares; issued and 114,122 78,432
outstanding,11,412,234 and 7,843,234
Preferred stock, $.01 par value, authorized - -
5,000,000 shares; issued and outstanding -
none
Additional paid-in capital 4,994,319 4,855,535
Accumulated deficit (5,414,102) (5,270,634)
Total stockholders' equity (305,661) (336,667)
$1,611 $45
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