BLUE SKY NATURAL BEVERAGE CO.
BALANCE SHEET
SEPTEMBER 30, 2000 (Unaudited)
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September 30,
2000
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ASSETS
CURRENT ASSETS:
Cash $ 5,024,998
Trade accounts receivable, net of allowance for doubtful
accounts of $41,108 221,678
Note receivable from stockholder, current portion 5,638
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5,252,314
NOTE RECEIVABLE FROM STOCKHOLDER, NET OF
CURRENT PORTION 6,932
FURNITURE, FIXTURES AND EQUIPMENT, NET 15,400
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$ 5,274,646
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LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 576,900
Accrued expenses 79,780
Current portion of long-term debt
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656,680
STOCKHOLDERS' EQUITY
Common stock - $.0001 par value; 3,000,000 shares
authorized; 600,000 issued and outstanding 600
Retained earnings 4,617,366
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Total stockholders' equity 4,617,966
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Total liabilities and stockholders' equity $ 5,274,646
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BLUE SKY NATURAL BEVERAGE CO.
STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 (Unaudited)
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2000
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NET SALES $ 5,156,185
COST OF SALES 3,643,876
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GROSS PROFIT 1,512,309
SELLING EXPENSES 598,968
GENERAL AND ADMINISTRATIVE EXPENSES 1,004,593
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OPERATING LOSS (91,252)
INTEREST INCOME AND OTHER 314,335
GAIN ON SALE OF ASSETS 6,402,838
INTEREST EXPENSE (101,646)
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NET INCOME $ 6,524,275
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