HAL-PC Balance Sheet -- July 1997 (unaudited)
Sep 22, 1997 HAL-PC Page 1
6:56 pm BALANCE SHEET
Jul/97 Jul/96 Inc/ %
============ ============ =====Var==== ==Var==
ASSETS
CURRENT ASSETS:
Petty cash $790.98 $32.04 $758.94 2368.7%
Cash in bank 489,787.93 417,521.73 72,266.20 17.3%
Clearing 470.17 0.00 470.17
Accounts receivable 32,076.97 11,184.01 20,892.96 186.8%
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TOTAL CURRENT ASSETS 523,126.05 428,737.78 94,388.27 22.0%
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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.
-198,128.00 -186,692.00 -11,436.00 -6.1%
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TOTAL Machinery & equipment 10,146.01 21,582.01 -11,436.00 -53.0%
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Furniture and fixtures
Furniture and fixtures 32,633.44 32,633.44 0.00 0.0%
Acc depr - Furniture & fixt.
-31,945.00 -31,521.00 -424.00 -1.3%
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TOTAL Furniture & fixtures 688.44 1,112.44 -424.00 -38.1%
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Leasehold improvements
Leasehold improvements 135,721.18 10,286.85 125,434.33 1219.4%
Acc amort. - Leasehold impr.
-9,794.32 -10,286.85 492.53 4.8%
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TOTAL Leasehold improvements
125,926.86 0.00 125,926.86
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TOTAL PROPERTY AND EQUIPMENT
136,761.31 22,694.45 114,066.86 502.6%
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OTHER ASSETS:
Deposits
Geo. R. Brown special deposits 0.00 8,000.00 -8,000.00 -100.0%
FOR DISCUSSION PURPOSES ONLY
Sep 22, 1997 HAL-PC Page 2
6:56 pm BALANCE SHEET
Jul/97 Jul/96 Inc/ %
============ ============ =====Var==== ==Var==
Sheraton Astrodome deposit 0.00 500.00 -500.00 -100.0%
HBS Interests, Inc. - Rent 3,608.00 3,608.00 0.00 0.0%
4543 P. O., Inc. - Security 6,762.88 0.00 6,762.88
Deposits - Gulf Presort 500.00 500.00 0.00 0.0%
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TOTAL Deposits 10,870.88 12,608.00 -1,737.12 -13.8%
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Prepaid expenses
Prepaid rent - Geo. R. Brown
12,000.00 0.00 12,000.00
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TOTAL Prepaid expenses 12,000.00 0.00 12,000.00
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TOTAL OTHER ASSETS 22,870.88 12,608.00 10,262.88 81.4%
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TOTAL ASSETS $682,758.24 $464,040.23 $218,718.01 47.1%
============ ============ ============
LIABILITIES
CURRENT LIABILITIES:
Accounts payable $5,418.21 $9,773.23 -$4,355.02 -44.6%
SUI payable 2.00 7.21 -5.21 -72.3%
Sales tax payable 1,406.15 4,036.27 -2,630.12 -65.2%
Deferred revenue--Membership
225,678.42 180,488.57 45,189.85 25.0%
Deferred revenue-Membership CL
3,401.25 0.00 3,401.25
Deferred revenue--Presentation
18,955.62 2,500.00 16,455.62 658.2%
Deferred revenue--Vendor fees 3,115.00 750.00 2,365.00 315.3%
Deferred revenue-Internet fees
188,370.73 57,682.00 130,688.73 226.6%
Deferred monthly fees - Exempt
6,440.00 0.00 6,440.00
Deferred monthly fees - CL 260.00 0.00 260.00
Unfunded scholarships 1,000.00 1,000.00 0.00 0.0%
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TOTAL CURRENT LIABILITIES 454,047.38 256,237.28 197,810.10 77.2%
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TOTAL LIABILITIES 454,047.38 256,237.28 197,810.10 77.2%
------------ ------------ ------------
FUND BALANCE
Earnings from prior years 182,756.82 160,207.63 22,549.19 14.1%
Current revenue over (under) expense
FOR DISCUSSION PURPOSES ONLY
Sep 22, 1997 HAL-PC Page 3
6:56 pm BALANCE SHEET
Jul/97 Jul/96 Inc/ %
============ ============ =====Var==== ==Var==
45,954.04 47,595.32 -1,641.28 -3.4%
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TOTAL FUND BALANCE 228,710.86 207,802.95 20,907.91 10.1%
------------ ------------ ------------
TOTAL LIABILITIES & FUND BALANCE
$682,758.24 $464,040.23 $218,718.01 47.1%
============ ============ ============
FOR DISCUSSION PURPOSES ONLY
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