VERIDIEN CORP - VRDE Quarterly Report of Financial Condition (10QSB) BALANCE SHEET

Veridien Corporation
And Subsidiaries

Consolidated Balance Sheets — Continued
(Unaudited)
June 30, 2004 and December 31, 2003


	June 30, 2004			December 31, 2003
Liabilities and Deficit in Stockholders’ Equity
Current liabilities:
Current capital lease obligations	$	3,126		$	6,022
Note payable		243,356			878,845
Convertible debentures due		628,291			304,291
Accounts payable		113,603			890,595
Accrued compensation		4,139			2,692
Accrued interest		767,497			1,156,537
Other accrued liabilities		16,030			23,221
Customer deposits		303,564			62,064
Due to stockholders		35,070			34,039

Total current liabilities		2,114,676			3,358,306
Long-term liabilities:
Convertible debentures		3,277,682			1,687,086

Total liabilities:		5,392,358			5,045,392
Deficit in Stockholders’ Equity:
Undesignated preferred stock, $.001 par value, 25,000,000 shares authorized Convertible redeemable preferred stock, $10 par value, 100,000 authorized; 6,000 issued and outstanding at June 30, 2004 and December 31, 2003		60,000			60,000
Series B Preferred Stock, $.001 par value, 245,344 authorized, and 174,219 issued and outstanding at June 30, 2004 and December 31, 2003		175			175
Common Stock — $.001 par value; 300,000,000 shares authorized, 209,659,734 and 205,745,290 shares issued and outstanding at June 30, 2004 and December 31, 2003		209,660			205,745
Additional paid-in capital		30,899,235			30,678,313
Common stock warrants		26,399			26,399
Accumulated deficit		(34,966,358	)		(34,229,321	)
Current period profit/(loss)		480,791			(737,037	)

		(3,290,098	)		(3,995,726	)
Stock subscriptions receivable		(5,000	)		(5,000	)

Total stockholders’ deficit		(3,295,098	)		(4,000,726	)

	$	2,097,260		$	1,044,666