About the www.Alaskool.org project and its developers

Consolidated Statement of Operations and Deficit
For the period of eighteen months ended June 30, 1983   
-
   

Revenues

 
 
  Investment Income
$
751,000
  Rentals
628,000
  Natural Resources
166,000
-
 
Expenses
  Direct rental costs
443,000
  General and administrative
2,033,000
-
2,476,000
-
 
Loss from Operations
(931,000)
 Interest expense - third parties
(1,354,000)
 Interest expense - affiliated village corporations
(2,151,000)
Gain on sale of assets
1,247,000
Other income
26,000
-
 
Loss From Continuing Business Activities
(3,163,000)
Loss from discontinued subsidiaries (Notes 1 and 3):
  Adjustment for loss estimates
(244,000)
-
 
Net Loss
(3,407,000)
-
 
Accumulated deficit, December 31, 1981
(42,865,000)
-
 
Accumulated deficit, June 30, 1983
$(46,272,000)
-
 
 Loss per share from continuing business activities
$(4.99)
Loss per share from discontinued subsidiaries
(.33)
-
   
Net loss per share
$(5.38)
-
   
The accompanying notes are a part of the consolidated financial statements.