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IFLI Balance Sheet

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Cash
Prepaid Expenses
TOTAL CURRENT ASSETS 2.73M
Accounts Payable 1.66M
Accrued Expenses and Other Current Liabilities 1.09M
Loan Payable
TOTAL CURRENT LIABILITIES 7.35M
Preferred Stock, $.01 Par Value; 5,000,000 Shares Authorized; No Shares of Series A Convertible Preferred Stock Issued and Outstanding at June 30, 2011 and 18,000 Shares Issued and Outstanding at December 31, 2010 1
Common Stock, $.01 Par Value; 75,000,000 Shares Authorized; 2,027,788 Shares Issued and Outstanding at June 30, 2011 and 1,982,788 Shares Issued and Outstanding at December 31, 2010 821.91K
Additional Paid-In Capital 7M
Accumulated Deficit -7.93M
TOTAL STOCKHOLDERS’ EQUITY 274.53K
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 7.75M