H V C N

Huron Valley Community Network

Income Statement

For the Twelve Months Ending December 31, 2002

                            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    $    0.00    $    5.00
   Membership dues              25.00         0.00     1,125.00       700.00
   Investment Income             1.70         3.74        33.40       164.38
   Contributions-Restricted      0.00     1,029.00         0.00     1,029.00
                            _________    _________    _________    _________
   Total Revenues               26.70     1,032.74     1,158.40     1,898.38
                            _________    _________    _________    _________

  Cost of Sales
                            _________    _________    _________    _________
   Total Cost of Sales           0.00         0.00         0.00         0.00
                            _________    _________    _________    _________
  Gross Profit                  26.70     1,032.74     1,158.40     1,898.38
                            _________    _________    _________    _________

  Expenses
   Office Expenses               0.00         0.00        10.00         0.00
   Management & General        115.00         0.00     1,041.74     1,080.00
   Depr Exp - Equipment        211.60         0.00       211.60         0.00
                            _________    _________    _________    _________
   Total Expenses              326.60         0.00     1,363.34     1,080.00
                            _________    _________    _________    _________
  Net Income                $ <299.90>   $1,032.74    $ <204.94>   $  818.38 
                            =========    =========    =========    =========

                          For Management Purposes Only