Balance Sheet Years 1-3
		Prepared By:	Company Name:
		Sam Miller	Aviation Flight Academy
		ASSETS	43344	43345	43346
		Current Assets
		Cash	41,820,125	91,329,723	145,756,329
		Accounts Receivable	5,005,416	5,505,957	6,056,553
		Inventory	3,040,000	6,040,000	9,040,000
		Prepaid Expenses	620,867	310,433	-
		Other Initial Costs	-	-	-
		Total Current Assets	$        50,486,407	$          103,186,114	$          160,852,882
		Fixed Assets
		Real Estate -- Land	2,100,000	2,100,000	2,100,000
		Real Estate -- Buildings	-	-	-
		Leasehold Improvements	1,000,000	1,000,000	1,000,000
		Equipment	150,000	150,000	150,000
		Furniture and Fixtures	150,000	150,000	150,000
		Vehicles	2,878,700	2,878,700	2,878,700
		Other	-	-	-
		Total Fixed Assets	$          6,278,700	$              6,278,700	$              6,278,700
		(Less Accumulated Depreciation)	$                770,026	$                 1,540,051	$                 2,310,077
		Total Assets	$           55,995,081	$             107,924,762	$             164,821,504
		LIABILITIES & EQUITY
		Liabilities
		Accounts Payable	-	-	-
		Commercial Loan Balance	-	-	-
		Commercial Mortgage Balance	-	-	-
		Credit Card Debt Balance	-	-	-
		Vehicle Loans Balance	-	-	-
		Other Bank Debt Balance	-	-	-
		Line of Credit Balance	(1,689,730)	(3,533,072)	(5,376,414)
		Total  Liabilities	$        (1,689,730)	$            (3,533,072)	$            (5,376,414)
		Equity
		Common Stock	7,400,000	7,400,000	7,400,000
		Retained Earnings	50,284,812	106,141,340	167,617,789
		Dividends Dispersed/Owners Draw	-	2,083,506	4,819,871
		Total Equity	$        57,684,812	$          111,457,834	$          170,197,919
		Total Liabilities and Equity	$           55,995,081	$             107,924,762	$             164,821,504
		Balance sheet in or out of balance?	$                           -	$                               -	$                               -
			Balanced!	Balanced!	Balanced!