|
 |
STATEMENT OF CONDITION AS OF DECEMBER
31, 2007
MOVEMENT OF CASH
| CASH IN |
|
|
| Bank Balance
as of December 31, 2006 |
$10,727 |
|
| Investment in Schwab account as
of 12/31/06 |
$804,527 |
|
| Donations Received |
$725,366 |
|
| List Rental and Royalty Income |
$10,745 |
|
| Withdrawal from Schwab account |
$89,106 |
|
| Income from Schwab account |
$69,321 |
|
| TOTAL: |
$1,709,792 |
|
| CASH OUT |
|
|
| Ads in Media |
$434,121 |
|
| Direct Mail – Acquisitional |
$60,907 |
|
| Direct Mail – Educational |
$91,360 |
|
| Website Maintenance |
$20,180 |
(1) |
| Typing, Printing and
Reproduction |
$8,156 |
|
| Accounting |
$1,675 |
|
| Office Expenses |
$17,278 |
(2) |
| Management, Advertising and Professional
Services |
N/C |
(3) |
| Schwab account as of
12/31/07 |
$1,018,417 |
|
| Cash in Bank as of December
31, 2007 |
$57,698 |
|
| TOTAL: |
$1,709,792 |
|
BALANCE SHEET
| ASSETS |
|
|
| Cash in
Bank, as of December 31, 2007 |
$57,698 |
|
| Investment in Schwab account as
of 12/31/07 |
$1,018,417 |
|
| Computer Software |
$1,543 |
|
| TOTAL ASSETS: |
$1,077,658 |
|
| NET WORTH |
|
|
| TOTAL NET WORTH: |
$1,077,658 |
|
(1) Contribution to office expense of Infocom Group (James
Sinkinson, President).
(2) Includes monthly contribution to office expenses to
Jomira/Advance (Gerardo Joffe, President).
(3) Contributed by Gerardo Joffe. FLAME has paid no executive
or managerial salaries since its inception.
|
|
