Assets:
Lifering, Inc currently has $5.514 in cash, and $5,949 in Accounts Receivable. Most of these receivables are from large institutional orders and we therefore expect the funds within the next two months. There are books & publications held for sale or donation at a value of $12,053.
Liabilities:
Current payables as of December 31 were $2.471. Most of this amount is due to M. Nicolaus for expenses paid through his business during the year of 2001. It is comprised of shipping charges, postage and phone expense. All are included in the P&L statement.
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Lifering, Inc. has had a net income of $6,319 for the current fiscal year. Income from Sales of publications has been $2.913; Donations and Contributions have been $8,886.
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-- Marjorie Jones, CFO, LifeRing Inc.