Jan - Dec 08
OPERATING ACTIVITIES
Net Income -70,231.41
Adjustments to reconcile Net Income
to net cash provided by operations:
1105 · HOHLE OPERATING ACCT -79,500.00
1110 · HOHLE ENERGY SERVICES -100.00
2000 · ACCOUNTS PAYABLE 9,317.93
2151 · LOANS PAYABLE BOWLES 20,000.00
2155 · LOAN PAYABLE - PEPI -17.97
2160 · LOAN PAYABLE - BBTC 5,743.58
2165 · 2165 LOANS PAYABLE OTHERS 137,295.17
Net cash provided by Operating Activities 22,507.30
INVESTING ACTIVITIES
1251 · ACCTS REC BONDS -50,000.00
1371 · SILER EQUIP LEASE/BUY -22,577.17
1375 · 1375 CD DEPOSIT ON BOND -50,000.00
Net cash provided by Investing Activities -122,577.17
FINANCING ACTIVITIES
2255 · NOTE PAYABLE - CONV DEBENTURE 100,000.00
2260 · NOTE PAYABLE - BBTC -14,800.00
2265 · NOTE PAYABLE - PEPI -5,000.00
2270 · LOAN PAYABLE OTHER 10,000.00
3000 · COMMON STOCK 100.00
Net cash provided by Financing Activities 90,300.00
Net cash increase for period -9,769.87
Cash at beginning of period -77,456.55
Cash at end of period -87,226.42