[1991 Annual Report, Walter Reed Army Institute of Research]

AMERICANS FOR A SOUND AIDS/HIV POLICY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 31, 1991
ASSETS
CURRENT ASSETS
Cash $3,832
Accounts receivable
Mailing list sales 35,917
Employee advances 1,624
Inventory (Note 2) 14,113
TOTAL CURRENT ASSETS 55,486
PROPERTY AND EQUIPMENT, At cost
(Note 2) 7,947
less accumulated depreciation -3,384
4,563
OTHER ASSETS
Mailing list, net of accumulated
amortization of $53,700
(Notes 2 and 3) 125,300
$185,349
LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES
Accounts payable and accrued expenses
(Note 6) $123,886
Accounts payable-related party
(Note 3) 21,300
Loans payable (Note 5) 9,000
Deferred revenues 15,000
TOTAL CURRENT LIABILITIES 169,186
LONG-TERM LIABILITIES
Accounts payable-related party
(Note 3) 72,500
FUND BALANCE (DEFICIT) (56,337)

$185,349
The Notes to Financial Statements are an integral part of this statement.