HYNES & HOWES INSURANCE COUNSELORS, INC.
Balance Sheet
March 31, 2000 and 1999
(Unaudited)
March 31,
2000 1999
Assets
Current Assets:
Cash in Bank $ 15,557 $ 50,189
Other Current Assets 28,712 8,050
Total Current Assets $ 44,269 $ 58,239
Investments:
Investment in Affiliated Company $ 2,877 $ 2,720
Contracts Receivable-Real Estate 686,888 621,615
Notes Receivable 0 2,297
Equipment 7,347 0
Total Investments $ 697,112 $ 626,632
Total Assets $ 741,381 $ 684,871
Liabilities and Stockholders' Equity
Current Liabilities:
Buyers Escrow 7,761 6,861
Contract Payable 3,889 0
Total Current Liabilities $ 11,650 $ 6,861
Long Term Liabilities
Contracts Payable 14,656 0
Total Liabilities $ 26,306 $ 6,861
Stockholders' Equity:
Capital Stock, no par value, 100,000,000 shares
authorized, 11,260,675 shares issued $ 3,780,765 $ 3,780,765
Paid in Capital 100 100
Retained Earnings (Deficit) (3,032,538) (3,069,603)
Treasury Stock, at cost (33,252) (33,252)
Total Stockholders' Equity $ 715,075 $ 678,010
Total Liabilities and Stockholders'
Equity $ 741,381 $ 684,871