With total assets of over $1,854,347 the only remaining liability on Jan 8, 2003 is a balance of $34,841 on a note with SouthTrust Bank in Nashville.  Using the current 2002 - 2003 Timber Revenue and future assessments, the schedule for repayment is as follows: 

Beginning Balance - Sept 1, 2002            $82,841
Timber Payments in Sept - Nov, 2002      -30,000
Regular Payments through Nov, 2002       -6,000

Balance on November 30, 2002                $46,841
Timber Payment in December, 2002         -10,000
Regular Payment in Dec, 2002                     -2,000

Balance on December 31, 2002                 $34,841
Additional Payment in January                -10,000
A second payment in January                   -10,000

Balance on February 7, 2003                     $14,841

Final Payment February 11, 2003             -14,841