NCMA - Balance Sheet - As of July 31, 2004
Assets
	Current Assets
		Cash and Cash Equivalents				162,922
		Investments - Unrestricted				352,062
		Accounts Receivable				112,475
		Prepaid Expenses				91,444
		Inventory				19,455
	Total Current Assets					738,359
	Investments - Restricted					1,722,406
	Fixed Assets
		Furniture and Equipment				81,331
		Capital Leases				147,484
	Total Assets					2,689,580
Liabilities
	Current Liabilities
		Accounts Payable				303,796
		Accrued Expenses				312,465
		Leases Payable				161,165
	Total Current Liabilities					777,425
	Deferred Revenue
		Advertising				12,830
		Certification				0
		Conferences				56,010
		Education				27,225
		Other				4,633
		Total Deferred Revenue				100,698
	Other Liabilities
		Deferred Rent				45,937
		Due to CMI				44,676
	Total Liabilities					968,736
Net Assets
	Restricted
		Permanently Restricted				10,000
		Temporarily Restricted				1,054
	Total Restricted Net Assets					11,054
	Unrestricted
		Balance at July 1, 2004				1,762,168
		Net Change - Year to Date				(52,379)
		Balance at July 31, 2004				1,709,790
	Total Net Assets					1,720,844
	Total Liabilities and Net Assets					2,689,580
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