Artemis Natural Homes
Balance Sheet
Years 1 to 5
($)
	Begin	Year 1	Year 2	Year 3	Year 4	Year 5
ASSETS
CURRENT ASSETS
Cash	40,000	19,386	31,897	38,189	81,405	120,795
Accounts Receivable		3,366	11,781	19,635	31,416	35,904
Inventories		1,734	6,069	10,115	16,184	18,496
Short term real estate	100,000	100,000	100,000	100,000	100,000	100,000		See Business Plan Appendix for
Other Current Assets		3,774	13,209	22,015	35,224	40,256		explanation of long term debt and
Total Current Assets	140,000	128,260	162,956	189,954	264,229	315,451		short term real estate assets
NET FIXED ASSETS		4,286	6,143	7,571	7,714	7,571
TOTAL ASSETS	140,000	132,546	169,099	197,525	271,943	323,023
LIABILITIES & SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Debt		0	0	0	0	0
Accounts Payable & Accrued Expen		3,060	10,710	17,850	28,560	32,640
Other Current Liab		5,100	17,850	29,750	47,600	54,400
Current portion of long term debt		0	0	0	0	0
Total Current Liabilities	0	8,160	28,560	47,600	76,160	87,040
LONG TERM DEBT (less current portion)	130,000	130,000	130,000	120,000	120,000	120,000
STOCKHOLDERS' EQUITY
Owner's Equity	10,000	10,000	10,000	10,000	10,000	10,000
Preferred Stock	0	0	0	0	0	0
Retained Earnings		(15,614)	539	19,925	65,783	105,983
Total Equity	10,000	(5,614)	10,539	29,925	75,783	115,983
TOTAL LIABILITIES & EQUITY	140,000	132,546	169,099	197,525	271,943	323,023