Essentia Water, Inc.
Balance Sheet
As of January 31, 2000
Jan 31, 2000
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ASSETS
Current Assets
Checking/Savings
1000 - Cash & Cash Equivalents $ 945
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Total Checking/Savings 945
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Accounts Receivable
1100 Trade Accounts Receivable 52,234
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Total Accounts Receivable 52,234
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Other Current Assets
1120 - Accounts Receivable - PPI 19,754
1160 - Other Accounts Receivable 41,736
1200 - Product Inventory 57,504
1300 - Raw Materials Inventory 107,150
1500 - Prepaid Items 64,063
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Total Other Current Assets 290,207
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Total Current Assets 343,386
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Fixed Assets
1600 - Property, Plant, & Equipment 338,394
1700 - Accumulated Depreciation (56,882)
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Total Fixed Assets 281,512
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TOTAL ASSETS $ 624,898
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LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 - Trade Accounts Payable $ 231,658
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Total Accounts Payable 231,658
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Other Current Liabilities
2100 - Other Current Obligations 43,336
2410 - Notes Payable to Shareholder 400,000
2420 - Advances from Parent 150,000
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Total Other Current Liabilities 593,336
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Total Current Liabilities 824,994
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Total Liabilities 824,994
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Equity
3000 - Common Stock 1,058,847
3900 - Retained Earnings (1,191,730)
Net Income (67,213)
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Total Equity (200,096)
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TOTAL LIABILITIES & EQUITY $ 624,898
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Easentla Water, Inc.
Statement of Operations
January 2000
Jan 2000
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Ordinary Income/Expense
Income
4000 - Bottled Water Sales $ 43,348
4200 - Discounts (4,880)
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Total Income 38,468
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Cost of Goods Sold
5300 - Product Cost 22,187
5400 - Freight 3,019
5500 - Warehousing 1,490
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Total COGS 26,696
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Gross Profit 11,773
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Expense
6000 - Selling & Marketing 40,288
7000 - Operations 4,557
8000 - General & Administrative 26,186
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Total Expense 71,031
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Net Ordinary Income (Loss) (59,258)
Other Income/Expense
Other Expense
9900 - Interest Expense 3,567
9950 - Depreciation & Amortization 4,388
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Total Other Expense 7,955
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Net Income (Loss) $ (67,213)
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Essentie Water, Inc,
Statement of Cash Flows
For the Month Ended January 31, 2000
Operating Activities:
Net lose $ (67,213)
Depreciation & amortization 4,388
Cash provided (used) by changes in operating
assets and liabilities:
Accounts receivable (18,059)
Inventories (85,907)
Prepaid assets (29,653)
Accounts payable 125,778
Accrued obligations 22,358
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Net cash used by operating activities (48,308)
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Investing Activities:
Purchase of plant end equipment (5,889)
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Cash used by Investing activities (5,889)
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Financing Activities:
Advances from parent
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Cash provided by financing activities -
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Net Decrease in Cash and Cash Equivalents (54,197)
Cash at Beginning of Period 55,142
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Cash at End of Period $ 945
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