28

Balance Sheet

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Year 1 Year 2 Year 3
ASSETS
Current Assets
     Cash
     Accounts Receivable
     Inventory
     Other - A/R Officer
     Other
     Other
     Other
     Other
     Total Current Assets
Fixed Assets
     Leasehold Improvements
     Vehicles
     Furniture/Fixtures/Office Equip.
     Equipment
     Buildings
     Land
     Accumulated Depreciation
     Fixed Assets (net)  )  )  )
     Other - Patent Acquisition
     Other
     Other
Total Assets


LIABILITIES & NET WORTH
Current Liabilities
     Short-Term Notes Payable
     Current Portion - Long-Term Debt
     Accounts Payable
     Accurals
     Other
     Other
     Other
     Other
     Total Current Liabilities
Long-Term Liabilities
     Long-Term Debt
     Mortgages
     Other
     Other
     Other
     Other
     Total Long-Term Liabilities
Total Liabilities
     Capital Stock
     Additional Paid-in Capital
     Retained Earnings
Net Worth
Total Liabilities & Net Worth
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Northern Initiatives can be contacted at (906)228-5571

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