World Computer Exchange, Inc
			Statement of Financial Position
			June 30, 2004
ASSETS
CURRENT ASSETS
	Cash					8,298
	Accounts receivable					150,017
	Inventories					783,306
		Total assets				941,621
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
	Accounts payable and accrued expenses					60,656
	Loans payable					401,220
		Total current liabilities				461,876
NET ASSETS
	Unrestricted					479,745
						941,621
			World Computer Exchange, Inc
			Statement of Activities
			June 30, 2004
OPERATING REVENUE
	Contributions and bequests				1,726,205
	Sales			306,034
	less-Cost of goods sold			1,768,041	(1,462,007)
					264,198
EXPENSES
	Salaries and wages				137,172
	Employee benefits				29,273
	Professional fees				3,529
	Rent				12,000
	Travel and meetings				3,426
	Interest				2,791
	Consulting				12,284
	Taxes-payroll				8,867
	Office				4,474
	Insurance				1,834
	Bank charges				1,408
					217,058
		Change in net assets			47,140
Net assets at beginning of year					432,605
Net assets at end of year					479,745