freesoftwareclub.com, Inc.
600 Bancroft Way
Berkeley, CA 94710
Balance Sheet
December 1999
Assets
Current Assets
Cash on Hand
Checking Account $ 24,357.85
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Total Cash on Hand 24,357.85
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Total Current Assets 24,357.85
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Total Assets $ 24,357.85
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Liabilities
Long Term Liabilities
Other Long Term Liabilities $ 99,972.50
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Total Long Term Liabilities 99,972.50
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Total Liabilities $ 99,972.50
Equity
Owners' Equity
Investors Account $124,758.00
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Total Owners' Equity 124,758.00
Current Year Earnings (200,372.65)
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Total Equity (75,614.65)
Total Liability and Equity $ 24,357.85
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freesoftwareclub.com, Inc.
600 Bancroft Way
Berkeley, CA 94710
Profit & Loss Statement
December 1999
Income $ 1,077.00
Cost of Goods 680.63
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Gross Profit $ 396.37
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Expenses
Web Building 90,000.00
Design Services 75,000.00
Equipment Expense 3,456.82
Dues and Subscriptions 6,000.00
Legal and Accounting 900.00
Business Start Up Fees 329.00
Bank Fees 20.00
Merchant Account Fees 245.00
Service Provider Fees 40.00
Collateral Expense 11,954.82
Payroll
Wages 3,600.00
Independent Expenses 519.03
Postage and Shipping 343.10
Telephone 489.01
Travel and Entertainment 7,872.24
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Total Expenses 200,769.02
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Operating Profit (200,372.65)
Other Income
Other Expenses
Net Profit/(Loss) $(200,372.65)
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