| PROVISIONAL STATEMENT OF FINANCIAL POSITION | |||
| ASSETS | Dec 31, 2006 | Jun 30, 2007 | |
| Cash in bank - unrestricted | 22,803 | 4,172 | |
| Cash in bank - Spirit Mountain Grant | 20,000 | 14,870 | |
| Cash in PayPal | 1,702 | 0 | |
| Accounts receivable | 763 | 3,220 | |
| Inventories for auction | 2,490 | 2,490 | |
| Prepaid expenses | 175 | 2,364 | |
| Land - operating | 681,736 | 681,736 | |
| Furniture, fixtures, & equip | 505 | 505 | |
| Funds held in trust by others | 0 | 187 | |
| TOTAL ASSETS | 730,175 | 709,545 | |
| LIABILITIES | |||
| Accounts payable | 462 | 325 | |
| Accrued payroll taxes | 0 | 431 | |
| Accrued expenses - other | 0 | 736 | |
| Payroll tax withholdings payable | 0 | 769 | |
| Trustee & employee loans payable | 15,500 | 15,500 | |
| Short-term liabilities - other | 40,000 | 25,000 | |
| Mortgages payable | 235,671 | 234,132 | |
| Long-term liabilities - other | 35,570 | 35,570 | |
| TOTAL LIABILITIES | 327,203 | 312,464 | |
| NET ASSETS | |||
| Unrestricted net assets | 167,424 | 382,971 | |
| Use restricted net assets | 20,000 | 13,449 | |
| Current Earnings | 215,548 | 660 | |
| TOTAL NET ASSETS | 402,971 | 397,081 | |
| TOTAL LIABILITIES & NET ASSETS | 730,175 | 709,545 | |