Jaxworks: Cash Flow Analysis


			*Forecasted*				*Total*
			1ST QTR	2ND QTR	3RD QTR	4TH QTR	1999
	Cash from operations
	Net earnings (loss)		$701,000	$325,542	$242,942	$66,585	$1,336,069
Add-depreciation and amortization			$33,750	$35,208	$35,208	$35,208	$139,374

		Net cash from operations	$734,750	$360,750	$278,150	$101,793	$1,475,443

	Cash provided (used) by
	operating activities
	Accounts Receivable		($307,534)	$164,383	$65,754	($233,458)	($310,855)
	Inventory		($230,411)	$39,452	$15,781	($610,824)	($786,002)
	Other current assets		($50,000)	$14,910	($31,230)	$26,320	($40,000)
	Other non-current assets		($8,000)	($87,000)	$115,000	($18,000)	$2,000
	Accounts payable		($271,233)	$0	$0	$0	($271,233)
	Current portion of long-term debt		$0	$0	$0	$0	$0
	Income taxes		($30,000)	$0	$0	$0	($30,000)
	Accrued expenses		($6,712)	($20,822)	($8,329)	$29,571	($6,292)
	Other current liabilities		($4,000)	$0	$0	$0	($4,000)
	Distributions to shareholders		$0	$0	$0	($50,000)	($50,000)

		Net cash from operations	($907,890)	$110,923	$156,976	($856,391)	($1,496,382)

	Investment transactions
	Increases (decreases)
	Land		$12,500	$12,500	$12,500	$12,500	$50,000
	Buildings and improvements		($50,000)	$0	$0	$0	($50,000)
	Equipment		$75,000	$0	$0	$0	$75,000
	Intangible assets		$0	$0	$0	$0	$0

		Net cash from investments	$37,500	$12,500	$12,500	$12,500	$75,000

	Financing transactions
	Increases (decreases)
		Short term notes payable	($50,000)	$0	$0	$0	($50,000)
		Long term debt	($100,000)	$0	$0	$0	($100,000)
		Deferred income	($10,000)	$0	$0	$0	($10,000)
		Deferred income taxes	($3,000)	$0	$0	$0	($3,000)
		Other long-term liabilities	$40,000	($50,000)	$0	$0	($10,000)
		Capital invested	$0	$0	$0	$0	$0

		Net cash from financing	($123,000)	($50,000)	$0	$0	($173,000)

		Net increase (decrease) in cash	($333,640)	$409,173	$422,626	($767,098)	($268,939)

		Cash at beginning of period	$451,000	$117,360	$526,533	$949,159	$451,000

		Cash at the end of period	$117,360	$526,533	$949,159	$182,061	$182,061