Balance sheet for ELEVATE, INC. (ELEV)

Balance Sheet for ELEVATE, INC.
May 31, 2011 May 31, 2010 May 31, 2009
Assets
Cash And Cash Equivalents - 5,000 0
Short Term Investments - - -
Net Receivables 42,000 - -
Inventory 9,000 - -
Other Current Assets 44,000 - -
Total Current Assets 94,000 5,000 0
Long Term Investments - - -
Property Plant and Equipment 21,000 - -
Goodwill - - -
Intangible Assets - - -
Accumulated Amortization - - -
Other Assets 11,000 - -
Deferred Long Term Asset Charges - - -
Total Assets 126,000 5,000 0
Liabilities
Accounts Payable 223,000 6,000 0
Short/Current Long Term Debt 1,195,000 159,000 -
Other Current Liabilities 3,000 - -
Total Current Liabilities 1,421,000 164,000 0
Long Term Debt - - -
Other Liabilities - - -
Deferred Long Term Liability Charges - - -
Minority Interest - - -
Negative Goodwill - - -
Total Liabilities 1,421,000 164,000 0
Stockholders' Equity
Misc Stocks Options Warrants - - -
Redeemable Preferred Stock - - -
Preferred Stock - - -
Common Stock 25,000 19,000 7,000
Retained Earnings -1,332,000 -160,000 -44,000
Treasury Stock - - -
Capital Surplus 113,000 -19,000 37,000
Other Stockholder Equity -100,000 - -
Total Stockholder Equity -1,295,000 -160,000 0
Net Tangible Assets -1,295,000 -160,000 0