H V C N

Huron Valley Community Network

Income Statement

For the Twelve Months Ending December 31, 2001

                            Current Mo   Current Mo     Y-T-D        Y-T-D
                            This Year    Last Year    This Year    Last Year
  Revenues
   Contributions-Unres.     $    0.00    $    0.00    $    5.00    $    0.00
   Membership dues               0.00         0.00       700.00       650.00
   Investment Income             3.74        15.79       164.38       190.45
   Contributions-Restricted  1,029.00         0.00     1,029.00         0.00
                            _________    _________    _________    _________
   Total Revenues            1,032.74        15.79     1,898.38       840.45
                            _________    _________    _________    _________

  Cost of Sales
                            _________    _________    _________    _________
   Total Cost of Sales           0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
  Gross Profit               1,032.74        15.79     1,898.38       840.45
                            _________    _________    _________    _________

  Expenses
   Office Expenses               0.00         0.00         0.00        12.50
   Management & General          0.00         0.00     1,080.00     1,035.00
   Depr Exp - Equipment          0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
   Total Expenses                0.00         0.00     1,080.00     1,047.50
                            _________    _________    _________    _________
  Net Income                $1,032.74    $   15.79    $  818.38    $ (207.05)
                            =========    =========    =========    =========

                          For Management Purposes Only