| Current Month | Year to Date | |
| Cash Flows from operating activities | ||
| Net Income | 10,270.24 | 100,122.16 |
| Adjustments to reconcile net | ||
| income to net cash provided | ||
| by operating activities | ||
| ACCOUNTS RECEIVABLE | 4,250.47 | <41,461.65> |
| RESERVE - DOUBTFUL ACCTS. | 1,000.00 | 10,000.00 |
| DUE FROM LMA: RECOG. REV. | 180,034.21 | 52,077.61 |
| DUE FROM LMA: OTHER | 2,983.88 | 300.00 |
| DUE FROM CHESS TRUST | <1,300.00> | <6,481.55> |
| CT: 99 CHESSATHON | 0.00 | 11,173.32 |
| CT: DONATIONS PATRON | 0.00 | 20,780.00 |
| CT: DONATIONS SCHOL SETS | 0.00 | 1,048.00 |
| CT: ADMIN USCF | <1,643.94> | <9,795.52> |
| CT: SCHOLASTIC ENTRIES | 0.00 | 408.00 |
| CT: POSTAGE | 0.00 | 2,218.20 |
| CT: MISC. OTHER | 0.00 | 9,312.89 |
| EXCHANGE | <8,000.00> | <8,929.00> |
| EXCHANGE: PAYROLL | 0.00 | 10,946.35 |
| AP/AR EXCHANGE | 0.00 | <1,145.40> |
| EXCH: MULTIMEDIA | 0.00 | <2,000.00> |
| EXCH: FIDE - Rapid Rating | 5.00 | 232.00 |
| EXCHANGE: MISCELANEOUS | 0.00 | <209.60> |
| RETURNED CHECKS | <374.60> | <3,439.11> |
| RET CREDIT CARD CHARGES | 0.00 | <5,110.27> |
| PAYROLL TRANSFER | 11,694.02 | 1,638.32 |
| ROYALTIES RECEIVABLE | 0.00 | 9,170.42 |
| INVENTORY | 54,044.30 | 3,211.23 |
| PREPAID EXPENSES | <3,145.72> | <3,145.72> |
| PREPAID-PROPERTY TAXES | 1,127.27 | <2,207.88> |
| PREPAID-INSURANCE | <7,337.55> | <167.52> |
| PREPAID-REPAIRS & MAINT. | 467.19 | 2,325.96 |
| PREPAID-INVENTORY | <29,265.51> | <108,792.31> |
| DFD OPN PRZ 99 NATL OPEN | 0.00 | <50.00> |
| PATENTS | 86.67 | 866.70 |
| ACCOUNTS PAYABLE | <39,570.90> | <18,054.72> |
| ADDITIONAL ACCTS. PAYABLE | 0.00 | <6,000.00> |
| ACCRUED ACCTS. PAYABLE | <5,848.07> | <39,406.57> |
| ACCTS PYBLE: INTERNET CC | 0.00 | <71.00> |
| CT: OTHER | 0.00 | 4.38 |
| CT: DONATIONS | 0.00 | <4,871.78> |
| DUE TO LMA | <139,993.25> | <53,284.25> |
| ACCRUED EXPENSES PAYABLE | 833.33 | <5,773.78> |
| ACCR. EXP.-PENSION PLAN | 4,419.18 | 30,713.47 |
| ACCR. EXP.-PROFESS. FEES | 3,000.00 | <1,500.00> |
| ACCR. EXP.-SALARIES PYBLE | <37,073.63> | <9,251.54> |
| ACCR. EXP.-VACATION PYBLE | 5,000.00 | <11,210.75> |
| ACCRUED FOR SASP | 0.00 | <5,399.50> |
| FEDERAL WITHHOLDING TAX | 0.00 | <1.00> |
| FICA PAYABLE | 0.00 | 0.14 |
| NYS WITHHOLDING TAX | 0.00 | <90.22> |
| NYS SALES TAX PAYABLE | <2,002.50> | <5,551.83> |
| TAX - ALBANY | 0.00 | 16.22 |
| TAX - ALLEGANY | 0.00 | 3.23 |
| TAX - BROOME | 2.87 | 10.33 |
| TAX-OLEAN,cty (CATTAUGUA) | 0.00 | 3.86 |
| TAX - CAYUGA | 0.00 | 13.95 |
| TAX - CHAUTAUGUA | 0.00 | 21.47 |
| TAX - CHEMUNG | 13.10 | <21.79> |
| TAX - CHENANGO | 0.00 | 7.19 |
| TAX - CLINTON | 4.97 | 46.59 |
| TAX - COLUMBIA | 0.00 | 4.57 |
| TAX - CORTLAND | 0.00 | 1.13 |
| TAX - DELAWARE | 0.00 | 20.90 |
| TAX - DUTCHESS | 23.07 | 120.39 |
| TAX - ERIE | 32.94 | 133.98 |
| TAX - ESSEX | 0.00 | 12.44 |
| TAX - FRANKLIN | 6.12 | 22.26 |
| TAX - GENESEE | 0.00 | 5.07 |
| TAX - GREENE | 0.00 | 14.47 |
| TAX - LEWIS | 10.13 | 16.16 |
| TAX - LIVINGSTON | 0.00 | 5.08 |
| TAX - MADISON | 0.00 | 3.89 |
| TAX-ONEIDA,cty (MADISON) | 0.00 | <18.07> |
| TAX - MONROE | 63.36 | 212.86 |
| TAX - NASSAU | 33.77 | 148.16 |
| TAX - NEW YORK CITY | 285.53 | 1,756.58 |
| TAX - NIAGARA | 2.95 | 13.07 |
| TAX - ONEIDA | 0.00 | 17.08 |
| TAX-ROME,cty (ONEIDA) | 0.00 | 2.14 |
| TAX-UTICA, cty(ONEIDA) | 0.00 | 2.07 |
| TAX - ONONDAGA | 41.32 | 198.84 |
| TAX - ONTARIO | 4.36 | 17.24 |
| TAX - ORANGE | 84.45 | 1,130.25 |
| TAX - ORLEANS | 3.00 | 3.00 |
| TAX - PUTNAM | 2.20 | 3.94 |
| TAX - RENSSELAER | 2.06 | 17.25 |
| TAX - ROCKLAND | 1.41 | 9.26 |
| TAX - SARATOGA | 5.24 | 56.90 |
| TAX - SCHENECTADY | 0.00 | 32.94 |
| TAX - STEUBEN | 10.00 | 24.49 |
| TAX - SUFFOLK | 35.06 | 120.74 |
| TAX - SULLIVAN | 4.94 | 11.40 |
| TAX - TOMPKINS | 0.00 | 17.23 |
| TAX-ITHACA,cty (TOMPKINS) | 0.00 | 3.42 |
| TAX - ULSTER | 1.38 | 62.25 |
| TAX - WARREN | 0.00 | 3.19 |
| TAX - WASHINGTON | 1.60 | 18.07 |
| TAX - WAYNE | 9.52 | 17.30 |
| TAX - WESTCHESTER | 39.51 | 341.88 |
| TAX-WHITE PLAINS,cty(WSTC | 3.45 | 36.25 |
| TAX-YONKERS,cty (WSTCHST) | 0.00 | 20.16 |
| TAX - WYOMING | 4.08 | 7.64 |
| TAX - YATES | 0.00 | 1.60 |
| SALES TAX: OUT OF STATE | 2,565.68 | <74.37> |
| DEF. REV. ROYALTIES | 0.00 | <15.00> |
| DEF. REV. GIFT CERTIFICTS | <752.71> | <1,725.42> |
| DEF. REV. TNMT GIFT CERT. | <7,652.06> | <7,652.06> |
| DEFERRED CORRES. CHESS PRIZES | 0.00 | <4,475.00> |
| DEFERRED OPEN REVENUES | 35.00 | 2,365.00 |
| DFD OPN E FEES | <4,227.21> | <11,751.43> |
| DFD OPN E FEES 98 PAN AM | 0.00 | 4,885.00 |
| DFD OPN E FEES 98 US JR O | 0.00 | <70.00> |
| DFD OPN E FEES 98 USAT MW | 0.00 | 255.00 |
| DFD OPN E FEES MISC | 0.00 | <2,000.00> |
| DFD INC MULTI REGULAR | <2,211.24> | <70,398.37> |
| DFD INC MULTI SR | 431.37 | <5,453.83> |
| DFD INC MULTI YOUTH | 27.17 | <6,469.33> |
| DFD INC MULTI SCHOLASTIC | 2,279.90 | <197.50> |
| DEF REV CORRES. CHESS | <200.00> | 100.00 |
| G.M. BENEFITS FUND | 151.55 | 7,645.00 |
| CHESS INFORMANT ACCOUNT | 0.00 | 5.00 |
| Total Adjustments | <15,430.31> | <277,252.27> |
| Net Cash provided by Operations | <5,160.07> | <177,130.11> |
| Cash Flows from investing activities | ||
| Used For | ||
| FIXED ASSETS: TELEPHONE | 0.00 | <3,033.87> |
| FIXED ASSETS: COMPUTER | 0.00 | <6,565.88> |
| FIXED ASSETS: FURN &EQUIP | 0.00 | <2,043.11> |
| Net cash used in investing | 0.00 | <11,642.86> |
| Cash Flows from financing activities | ||
| Proceeds From | ||
| DUE TO LMA - LOAN | 2,131.25 | 18,699.75 |
| Used For | ||
| NOTES PAYABLE | 0.00 | <22,131.75> |
| NOTES PAYABLE - COMPUTER | 0.00 | <9,017.49> |
| DUE TO LMA - LOAN | <42,175.24> | <42,175.24> |
| Net cash used in financing | <40,043.99> | <54,624.73> |
| Net increase <decrease> in cash | <33,716.81> | <231,910.45> |
| Summary | ||
| Cash Balance at End of Period | 221,253.01 | 221,253.01 |
| Cash Balance at Beg of Period | <257,328.34> | <389,979.89> |
| Net Increase <Decrease> in Cash | <36,075.33> | <168,726.88> |