Balance Sheet as of May 31, 2008


ASSETS
	Current Assets
		Checking/Savings
			Petty Cash			79.21
			Checking			12,778.51
		Total Checking/Savings				12,857.72
		Accounts Receivable
			Accounts Receivable
				Temp A/R		-3,107.49
				Accounts Receivable - Other		-1,429.62
			Total Accounts Receivable			-4,537.11
		Total Accounts Receivable				-4,537.11
		Other Current Assets
			Undeposited Funds			109.00
		Total Other Current Assets				109.00
	Total Current Assets					8,429.61
	Fixed Assets
		Property & Buildings				93,549.90
		Accum.Depre.				-82,963.18
	Total Fixed Assets					10,586.72
TOTAL ASSETS						19,016.33
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable		-2,331.04
			Total Accounts Payable			-2,331.04
			Other Current Liabilities
				Payroll Liabilities
					TWF	14.30
					FUTA	13.72
					FMed WH	48.59
					FICA WH	207.68
					Fed WH	108.00
				Total Payroll Liabilities		392.29
			Total Other Current Liabilities			392.29
		Total Current Liabilities				-1,938.75
		Long Term Liabilities
			Note Payable			38,410.79
		Total Long Term Liabilities				38,410.79
	Total Liabilities					36,472.04
	Equity
		Deferred Revenue				225.00
		Opening Bal Equity				45,269.41
		Retained Earnings				-33,068.88
		Net Income				-29,881.20
	Total Equity					-17,455.67
TOTAL LIABILITIES & EQUITY						19,016.37