Burst.com, Inc.

Q1 2004 Balance Sheet

 
Mar 31, 04
ASSETS
Current Assets
Checking/Savings
Bayview Money Market 223,370.44
Bay View Bank Checking 1,738.25
Total Checking/Savings 225,108.69
Other Current Assets
Other Receivables 40.00
Total Other Current Assets 40.00
Total Current Assets 225,148.69
Fixed Assets
Property and Equipment 13,060.61
Total Fixed Assets 13,060.61
Other Assets
Note Receivable - Walters 126,107.83
Accrued Interest Receivable 4,761.78
Note Receivable - Lang 839,475.19
Deposits 2,700.00
Total Other Assets 973,044.80
TOTAL ASSETS 1,211,254.10
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 183,944.85
Clearing-Accounts Payable 7,458.33
Total Accounts Payable 191,403.18
Other Current Liabilities
Other Current Liabilities 70,000.00
Accrued Expenses 385,296.16
Accrued Interest Payable 488,021.48
Total Other Current Liabilities 943,317.64
Total Current Liabilities 1,134,720.82
Long Term Liabilities
Notes Payable 1,771,691.90
Long Term Payable X Employees 271,895.00
Total Long Term Liabilities 2,043,586.90
Total Liabilities 3,178,307.72
Equity
Warrants and Options Exercised 14,060.00
Common Stock 278.15
Paid-in Capital 59,733,229.53
Paid-in Capital Warrants 514,446.11
*Retained Earnings -62,107,734.03
Net Income -121,333.38
Total Equity -1,967,053.62
TOTAL LIABILITIES & EQUITY 1,211,254.10