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LifeRing, Inc.

Statement of Profit & Loss
For the Year ended December 31, 2002
Sales- publications

 $20,319.89

Sales - Publications @ Congress 1,270.00
Brochure Sales          250.00
Shipping Charges      1,164.15
 
Total Book Sales  $23,004.04
 
Donations- Misc  $ 637.85
Contributions - Service Center      3,482.77
Contributions- Conventions      4,445.00
Total Donations/Contributions  $  8,565.62
Total Income  $31,569.66
Books Sold/Issued  $    7,710.46
Books Sold/Issued @ Congress 525.49
Complimentary Copies                    651.21 
Freight Charges Paid - Books        2,528.53
 
Total Book Cost of Sales  $11,415.69
 
Merchant Fees - Publishing $       274.45
Venue Charges - Convention 2,507.32
Registration Fees - Convention 272.00
Brochures - Service Center 1,169.12
Brochures - Conventions    18.32
Other Cost of Income 4,241.21
Total Cost of Sales  $15,656.90
Gross Margin   $  15,912.76
Advertising - Service Center  $     819.00
New Book Development 181.21
Funding New Ventures - Service Cent    256.50
Prior Year's AR Write Off        705.74
Current Year's AR Write Off       55.25
Website Maintenance Fees       735.45
Office General - Service Center     251.40
Sales Tax Expense - Service Center    304.00
Miscellaneous Expense - Service Center 150.00
Miscellaneous Expense - Conventions 400.76
Honorariums - Conventions 394.72
Bank Charges        49.00
Total Operating Expenses  $  4,303.03
Interest Income - General   $     29.90
Total Misc Income/Loss      29.90
Net Income  $  11,639.63
 

Marjorie Jones....02/22/2003