The balances of cash and cash equivalents at September 30, 2009 and 2008 were $5,658 and $82,683. Accounts receivable and other current assets showed a total of $296,029 and $429,889. Subsequent to year-end, in October, Jayhawk Energy, Inc. received $115,029, which came from the current purchases of their crude oil and gas production, representing proceeds of September sales, which were included in accounts receivable at September 30, 2009.
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Jayhawk Energy, Inc., formerly Bella Trading Company, Inc., focuses on acquisition, exploration, development, production and sale of natural gas, crude oil, and natural gas liquids, from reservoirs within North America. The Company was engaged in the selling of traditional ethnic and contemporary jewelry, as well as accessories, imported from Nepal and Thailand.
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