CSVU BALANCE SHEET as filed in FHAL 8-K, July 11, 2006 (merger)
Exhibit 9.1
CONVERSION SOLUTIONS, INC.
(A Development Stage Company)
Balance Sheet
As of March 31 2006
ASSETS:
Current Assets
Cash & Cash Equivalents
$ 9,146
Interest Recivable
$ 33,125,000
$
Total Current
$ 33,134,146
Other Assets
Stables
$ 277,000
UCC Security Notes
$ 310,138,000
Total Other Assets
$ 310,415,000
Long-Term Assets
Long-term Investment in Bonds
$ 500,000,000
(see footnote)
TOTAL ASSETS
$ 843,549,146
LIABILITIES & EQUITY:
Liabilities:
Note Payable
$ 4,400,000
Long-term Note
$ 36,000,000
Equity:
Capital Stock
$ 2,329
(Common stock. .0001 par value 23,290,000 authorized, issued and outstanding)
Net Income (loss)
($ 284,019)
(1) Accumulated Other Comprehensive Income
$ 803,430,836
Total stockholders equity
$ 803,149,146
TOTAL LIABILITIES & EQUITY
$ 843,549,146
