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I <br /> Il <br /> LOGAN WELL USERS,INC. <br /> opSTATEMENTS OF FIN ANCIAL POSITION <br /> III December 31,2005 and 2004 <br /> 2005 2004 <br /> ASSETS <br /> Cash and cash equivalents $ 24,581 $ 104,014 <br /> Ill Accounts receivable 21,475 2,569 <br /> Prepaid augmentation expenses (Note 2) 23,548 <br /> Prepaid insurance 740 740 <br /> IIICurrent assets $ 46,796 $ 130,871 <br /> IIII <br /> LIABILITIES AND NET ASSETS (DEFICIT) <br /> II <br /> LIABILITIES <br /> • Accounts payable: <br /> Water rights and augmentation plan matters(Note 6) $ 98,200 $ 25,078 <br /> Other 38,417 7,912 <br /> lb Member deposits 2,500 - <br /> Current liabilities 139,117 32,990 <br /> 11111 (Note 3) <br /> I <br /> NET ASSETS (DEFICIT),UNRESTRICTED(Note 4) (92,321) 97,881 <br /> II $ 46,796 $ 130,871 <br /> Ill <br /> I <br /> 111 <br /> „,„„, <br /> 11111 <br /> I <br /> See Notes to Financial Statements. <br /> Ili <br /> 2 <br /> It <br />