Mindshaker Balance Sheets MINDSHAKER BALANCE SHEETS EXHIBIT 7 For the Years Ending December 31 1999 2000 2001 2002 2003 ASSETS Current Assets Cash - 440,669 1,538,362 1,159,947 362,826 Accounts Receivable 177,932 836,164 1,198,919 1,503,613 1,808,306 Inventory 291,247 1,324,870 1,961,842 2,544,420 3,065,747 Prepaid Expenses & Other 63,700 - - - - Total Current Assets 532,878 2,601,703 4,699,123 5,207,979 5,236,880 Fixed Assets Fixed Assets, Gross 14,000 14,000 14,000 14,000 14,000 Less: Accumulated Depreciation 1,167 3,967 6,767 9,567 12,367 Fixed Assets. Net 12,833 10,033 7,233 4,433 1,633 Other Assets Intangibles 100 100 100 100 100 Other - - - - - Total Other Assets 100 100 100 100 100 TOTAL ASSETS 545,812 2,611,836 4,706,456 5,212,512 5,238,613 LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Current Maturities of LTD - - 255,541 785,712 851,302 Accounts Payable 255,395 1,041,435 1,385,317 1,708,057 2,029,009 Accrued Liabilities - - - - - Other - - - - - Total Current Liabilities 255,395 1,041,435 1,640,857 2,493,768 2,880,310 Other Noncurrent - - - - - Long-Term Debt - 798,820 1,637,013 851,302 - Total Liabilities 255,395 1,840,255 3,277,870 3,345,070 2,880,310 Stockholders' Equity Common Stock 10,000 10,000 10,000 10,000 10,000 Paid in Capital in Excess of Par 10,000 10,000 10,000 10,000 10,000 Private Equity Investment 500,000 500,000 500,000 500,000 500,000 Retained Earnings (229,583) 251,582 908,586 1,347,443 1,838,303 Treasury Stock - - - - - Total Stockholders' Equity 290,417 771,582 1,428,586 1,867,443 2,358,303 TOTAL LIAB. & S/E 545,812 2,611,836 4,706,456 5,212,512 5,238,613