8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

CONSOLIDATED FREIGHTWAYS CORPORATION

Commission File Number 1-12149

Incorporated in the State of Delaware

I.R.S. Employer Identification No. 77-0425334

16400 S.E. CF Way, Vancouver, WA 98683

Telephone Number (360) 448-4000

Item 5. Other Events.

On September 3, 2002, Consolidated Freightways Corporation (the “Company”), Redwood Systems, Inc., Leland James Service Corporation, CF Airfreight Corporation and CF MovesU.com Incorporated (collectively, the “CF Debtors”) filed their voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). On February 3, 2003, CFCD 2002 LLC, CFCD 2002A LLC, CFCD 2002 Member LLC and CFCD 2002A Member LLC (collectively, the “LLC Debtors” and together with the CF Debtors, the “Debtors”) filed their voluntary petitions for relief under the Bankruptcy Code. The filings by the Debtors were made in the United Stated Bankruptcy Court for the Central District of California, Riverside Division (jointly administered case nos. RS 02-24284 MG, RS 02-24289 MG, RS 02-24287 MG, RS 02-24293 MG, RS 02-24294 MG, RS 02-24295 MG, RS 03-11603 MG, RS 03-11608 MG, RS 03-11610 MG and RS 03-11615 MG).

Based on guidance provided in Exchange Act Release 9660 (June 30, 1972) and Staff Legal Bulletin Number 2 (April 16, 1997), and based upon informal communications with the staff of the U.S. Securities and Exchange Commission, the Company is modifying the form of its periodic reporting under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Specifically, in lieu of filing Forms 10Q and 10K pursuant to the Exchange Act, the Company will file under cover of Form 8K certain financial information included in monthly operating statements filed by the Debtors with the Bankruptcy Court.

THIS REPORT ON FORM 8K CONTAINS FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS. THE FINANCIAL INFORMATION INCLUDED HEREIN IS, ACCORDINGLY, ONLY REPRESENTATIVE OF THE FILING COMPANIES LISTED ABOVE. FURTHER, SUCH FINANCIAL STATEMENTS AND INFORMATION REFLECT ONLY THE OPERATIONS OF THE DEBTORS, AND THEREFORE DO NOT CONSTITUTE OR REFLECT CONSOLIDATED FINANCIAL DATA FOR THE COMPANY.

The financial statements are included as Exhibit 99.1.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CONSOLIDATED FREIGHTWAYS CORPORATION (Registrant)
May 12, 2003	/s/    STEPHEN SOKOL
	Stephen Sokol Executive Vice President of Finance and Chief Financial Officer

EX-99.1

EXHIBIT 99.1

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended September 30, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation			CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	436,413		$	—		$	1,582,609		$	—		$	—		$	—		$	2,019,022
Revenue—Affiliates		—			—			48,671			—			—			—			48,671
Total Revenue		436,413			—			1,631,280			—			—			—			2,067,693
Operating Expenses		10,648,334			—			245,973			(1,232	)		1,781			11			10,894,867
Salaries, Wages, and Benefits		(61,107,594	)		—			697,554			28,616			(482,559	)		—			(60,863,983	)
Purchased Transportation		(5,182,132	)		—			882,981			—			—			—			(4,299,151	)
Operating Taxes and Licensing		5,087,635			—			6,220			—			8,096			—			5,101,951
Claims and Insurance		178,910			—			15,954			—			133			—			194,997
Rents		5,506,151			—			174,503			—			16,507			—			5,697,161
Depreciation		41,265,094			—			44,882			465			8,781			—			41,319,222
Amortization		2,309,703			—			5,264,072			1,134,201			32,109			—			8,740,085
Other G&A Expense		3,434,981			—			62,108			(1,162,050	)		53,807			—			2,388,846
(Gain) Loss on Sale of Assets		928			—			—			—			—			—			928
Total Operating Expenses		2,142,010			—			7,394,247			—			(361,345	)		11			9,174,923
Operating Income (Loss)		(1,705,597	)		—			(5,762,967	)		—			361,345			(11	)		(7,107,230	)
Affiliate Interest Expense		(63,940	)		—			—			—			—			—			(63,940	)
Other Interest Expense		(725,072	)		—			—			—			—			—			(725,072	)
Interest Expense		(789,012	)		—			—			—			—			—			(789,012	)
Temporary Investment Interest		2,081			—			—			—			—			—			2,081
Affiliate Interest Income		—			—			—			—			21,804			—			21,804
Other Interest Income		718			—			2			—			—			—			720
Interest Income		2,799			—			2			—			21,804			—			24,605
Debt Expense		(442,305	)		—			—			—			—			—			(442,305	)
Other Miscellaneous, Net		(217,800	)		—			1,312			—			—			—			(216,488	)
Income (Loss) Before Income Taxes (Benefits)		(3,151,915	)		—			(5,761,653	)		—			383,149			(11	)		(8,530,430	)
Federal Income Tax Current		3,279,135			(125,300	)		(2,819,938	)		1,504,880			(225,836	)		10,851			1,623,792
Foreign Income Tax Current		683			—			—			—			—			—			683
Income Taxes (Benefits)		3,279,818			(125,300	)		(2,819,938	)		1,504,880			(225,836	)		10,851			1,624,475
Net Income (Loss)	$	(6,431,733	)	$	125,300		$	(2,941,715	)	$	(1,504,880	)	$	608,985		$	(10,862	)	$	(10,154,905	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended October 31, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	39,824		$	—	$	1,671,950		$	—		$	—		$	—		$	1,711,774
Revenue—Affiliates		—			—		2,667			—			—			—			2,667
Total Revenue		39,824			—		1,674,617			—			—			—			1,714,441
Operating Expenses		2,753,079			—		129,057			(855	)		415			11			2,881,707
Salaries, Wages, and Benefits		5,511,979			—		711,740			12,916			28,853			—			6,265,488
Purchased Transportation		(248,216	)		—		1,300,746			—			—			—			1,052,530
Operating Taxes and Licensing		37,191			—		8,897			—			—			—			46,088
Claims and Insurance		121,342			—		18,109			—			26			—			139,477
Rents		333,880			—		34,484			—			(58,498	)		—			309,866
Depreciation		405,849			—		36,222			1,273			511			—			443,855
Amortization		153,597			—		—			875,119			4,976			—			1,033,692
Other G&A Expense		3,937,158			—		28,791			(888,439	)		(554	)		—			3,076,956
(Gain)/Loss on Sales of Assets		(44,748	)		—		(6,271	)		(14	)		(71	)		—			(51,104	)
Total Operating Expenses		12,961,111			—		2,261,775			—			(24,342	)		11			15,198,555
Operating Income (Loss)		(12,921,287	)		—		(587,158	)		—			24,342			(11	)		(13,484,114	)
Affiliate Interest Expense		(63,940	)		—		—			—			—			—			(63,940	)
Other Interest Expense		(789,241	)		—		—			—			—			—			(789,241	)
Interest Expense		(853,181	)		—		—			—			—			—			(853,181	)
Affiliate Interest Income		—			—		—			—			22,436			—			22,436
Other Interest Income		9,993			—		6			—			32			—			10,031
Interest Income		9,993			—		6			—			22,468			—			32,467
Debt Expense		(437,514	)		—		—			—			—			—			(437,514	)
Other Miscellaneous, Net		(147,257	)		—		475			—			—			—			(146,782	)
Income (Loss) Before Taxes		(14,349,246	)		—		(586,677	)		—			46,810			(11	)		(14,889,124	)
Federal Income Tax Current		—			—		—			—			—			—			—
State Income Tax Current		—			—		—			—			—			—			—
Income Taxes		—			—		—			—			—			—			—
Net Income (Loss)	$	(14,349,246	)	$	—	$	(586,677	)	$	—		$	46,810		$	(11	)	$	(14,889,124	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended November 30, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	4,701		$	—	$	1,026,362		$	—		$	—		$	—		$	1,031,063
Total Revenue		4,701			—		1,026,362			—			—			—			1,031,063
Operating Expenses		1,270,480			—		61,255			524			747			11			1,333,017
Salaries, Wages, and Benefits		2,665,475			—		610,295			13,192			31,875			—			3,320,837
Purchased Transportation		(1,115,320	)		—		767,447			—			—			—			(347,873	)
Operating Taxes and Licensing		(60,225	)		—		7,136			—			—			—			(53,089	)
Claims and Insurance		229,485			—		24,925			—			—			—			254,410
Rents		1,613,099			—		87,322			—			(9,284	)		—			1,691,137
Depreciation		347,040			—		22,815			1,273			511			—			371,639
Amortization		153,597			—		—			875,119			4,977			—			1,033,693
Other G&A Expense		3,484,838			—		4,685			(889,827	)		—			—			2,599,696
(Gain) Loss on Sale of Assets		(8,872,447	)		—		6,271			(280	)		(53,644	)		—			(8,920,100	)
Total Operating Expenses		(283,978	)		—		1,592,151			1			(24,818	)		11			1,283,367
Operating Income (Loss)		288,679			—		(565,789	)		(1	)		24,818			(11	)		(252,304	)
Affiliate Interest Expense		(61,530	)		—		—			—			—			—			(61,530	)
Other Interest Expense		(531,776	)		—		—			—			—			—			(531,776	)
Interest Expense		(593,306	)		—		—			—			—			—			(593,306	)
Affiliate Interest Income		—			—		—			—			22,214			—			22,214
Other Interest Income		552			—		—			—			—			—			552
Interest Income		552			—		—			—			22,214			—			22,766
Debt Expense		(437,514	)		—		—			—			—			—			(437,514	)
Other Miscellaneous, Net		(142,916	)		—		(136	)		—			—			—			(143,052	)
Income (Loss) Before Taxes		(884,505	)		—		(565,925	)		(1	)		47,032			(11	)		(1,403,410	)
Federal Income Tax Current		—			—		—			—			—			—			—
State Income Tax Current		—			—		—			—			—			—			—
Income Taxes		—			—		—			—			—			—			—
Net Income (Loss)	$	(884,505	)	$	—	$	(565,925	)	$	(1	)	$	47,032		$	(11	)	$	(1,403,410	)

Consolidated Freightways Corporation—Debtors

Income Statements

For the Month Ended December 31, 2002

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.		Total
Revenue—Customers	$	(25,342,110	)	$	—	$	(228,375	)	$	—		$	—		$	—	$	(25,570,485	)
Total Revenue		(25,342,110	)		—		(228,375	)		—			—			—		(25,570,485	)
Operating Expenses		705,953			—		(101,507	)		33			(763	)		—		603,716
Salaries, Wages, and Benefits		4,427,830			—		(75,954	)		19,194			50,283			—		4,421,353
Purchased Transportation		(269,788	)		—		(44,247	)		—			—			—		(314,035	)
Operating Taxes and Licensing		(1,163,847	)		—		484			22			—			—		(1,163,341	)
Claims and Insurance		105,524			—		(180,457	)		—			—			—		(74,933	)
Rents		1,448,029			—		74,149			—			(7,455	)		—		1,514,723
Depreciation		344,240			—		29,310			1,273			511			—		375,334
Amortization		153,597			—		12,255			875,119			4,976			—		1,045,947
Other G&A Expense		6,448,627			—		17,310			(892,641	)		13,250			—		5,586,546
(Gain)/Loss on Sales of Assets		(1,487,131	)		—		—			—			—			—		(1,487,131	)
Total Operating Expenses		10,713,034			—		(268,657	)		3,000			60,802			—		10,508,179
Operating Income (Loss)		(36,055,144	)		—		40,282			(3,000	)		(60,802	)		—		(36,078,664	)
Other Interest Expense		(217,849	)		—		—			—			—			—		(217,849	)
Interest Expense		(217,849	)		—		—			—			—			—		(217,849	)
Temporary Investment Interest		103			—		—			—			—			—		103
Affiliate Interest Income		—			—		—			—			23,203			—		23,203
Other Interest Income		97			—		—			—			—			—		97
Interest Income		200			—		—			—			23,203			—		23,403
Debt Expense		(1,340,112	)		—		—			—			—			—		(1,340,112	)
Other Miscellaneous, Net		(145,364	)		—		—			—			—			—		(145,364	)
Income (Loss) Before Taxes (Benefits)		(37,758,269	)		—		40,282			(3,000	)		(37,599	)		—		(37,758,586	)
Federal Income Tax Current		4,531			—		—			—			—			—		4,531
Foreign Income Tax Current		(474,954	)		—		—			—			—			—		(474,954	)
Income Taxes (Benefits)		(470,423	)		—		—			—			—			—		(470,423	)
Net Income (Loss)	$	(37,287,846	)	$	—	$	40,282		$	(3,000	)	$	(37,599	)	$	—	$	(37,288,163	)

Consolidated Freightways Corporation—Debtors

Consolidating Income Statements

For the Month Ended January 31, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation			CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.			Total
Revenue—Customers	$	—		$	—		$	(95,237	)	$	—		$	—		$	—		$	(95,237	)
Total Revenue		—			—			(95,237	)		—			—			—			(95,237	)
Operating Expenses		2,169,271			—			45,086			16			2,764			—			2,217,137
Salaries, Wages, and Benefits		2,157,406			—			(95,822	)		11,493			(5,025	)		—			2,068,052
Purchased Transportation		211			—			12,980			—			—			—			13,191
Operating Taxes and Licensing		184,912			—			4			—			4			—			184,920
Claims and Insurance		99,192			—			15,895			—			—			—			115,087
Rents		1,259,040			—			9,882			—			(44,762	)		—			1,224,160
Depreciation		348,490			—			10,746			1,273			511			—			361,020
Amortization		154,145			—			—			875,119			4,976			—			1,034,240
Other G&A Expense		3,163,068			250			10,868			(887,901	)		28,358			250			2,314,893
(Gain)/Loss on Sales of Assets		(1,200,449	)		—			(6,260	)		—			—			—			(1,206,709	)
Total Operating Expenses		8,335,286			250			3,379			—			(13,174	)		250			8,325,991
Operating Income (Loss)		(8,335,286	)		(250	)		(98,616	)		—			13,174			(250	)		(8,421,228	)
Other Interest Expense		(200,440	)		—			—			—			—			—			(200,440	)
Interest Expense		(200,440	)		—			—			—			—			—			(200,440	)
Affiliate Interest Income		—			—			—			—			23,244			—			23,244
Other Interest Income		313			—			—			—			—			—			313
Interest Income		313			—			—			—			23,244			—			23,557
Debt Expense		(310,937	)		—			—			—			—			—			(310,937	)
Other Miscellaneous, Net		(144,663	)		—			773			—			—			—			(143,890	)
Income (Loss) Before Taxes		(8,991,013	)		(250	)		(97,843	)		—			36,418			(250	)		(9,052,938	)
Federal Income Tax Current		—			—			—			—			—			—			—
State Income Tax Current		—			—			—			—			—			—			—
Foreign Income Tax Current		—			—			—			—			—			—			—
Income Taxes		—			—			—			—			—			—			—
Net Income (Loss)	$	(8,991,013	)	$	(250	)	$	(97,843	)	$	—		$	36,418		$	(250	)	$	(9,052,938	)

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended February 28, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.		CFCD 2002 LLC			CFCD 2002 Member LLC		CFCD 2002A LLC			CFCD 2002A Member LLC		Eliminations			Total
Revenue—Customers	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—
Revenue—Affiliates		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Total Revenue		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Operating Expenses		1,701,039			—		22,171			18			(222	)		—		—			—		—			—		—			1,723,006
Salaries, Wages, and Benefits		1,501,222			—		70,546			7,157			—			—		—			—		—			—		—			1,578,925
Purchased Transportation		(27,342	)		—		5,391			—			—			—		—			—		—			—		—			(21,951	)
Operating Taxes and Licensing		33,999			—		—			—			—			—		—			—		—			—		—			33,999
Claims and Insurance		151,577			—		15,895			—			—			—		37,228			—		9,313			—		—			214,013
Rents		1,101,217			—		1,085			—			(401,990	)		—		—			—		—			—		(1,270,244	)		(569,932	)
Depreciation		344,847			—		8,688			1,273			511			—		—			—		—			—		—			355,319
Amortization		154,145			—		—			875,119			4,976			—		—			—		—			—		—			1,034,240
Other G&A Expense		3,162,484			—		(1,221	)		(883,567	)		9,322			—		—			—		—			—		—			2,287,018
(Gain)/Loss on Sales of Assets		(6,494,495	)		—		—			—			—			—		(15,653,742	)		—		—			—		—			(22,148,237	)
Total Operating Expenses		1,628,693			—		122,555			—			(387,403	)		—		(15,616,514	)		—		9,313			—		(1,270,244	)		(15,513,600	)
Operating Income (Loss)		(1,628,693	)		—		(122,555	)		—			387,403			—		16,570,758			—		306,687			—		—			15,513,600
Other Interest Expense		(200,870	)		—		—			—			—			—		(447,851	)		—		(154,983	)		—		—			(803,704	)
Interest Expense		(200,870	)		—		—			—			—			—		(447,851	)		—		(154,983	)		—		—			(803,704	)
Other Interest Income		9,713			—		—			—			—			—		—			—		—			—		—			9,713
Interest Income		9,713			—		—			—			—			—		—			—		—			—		—			9,713
Dividend Income		483,961			—		—			—			—			—		—			467,050		—			16,912		(967,923	)		—
Debt Expense		(310,937	)		—		—			—			—			—		(709,215	)		—		(85,392	)		—		—			(1,105,544	)
Other Miscellaneous, Net		(123,100	)		—		(999	)		—			—			—		—			—		—			—		—			(124,099	)
Income (Loss) Before Taxes		(1,769,926	)		—		(123,554	)		—			387,403			—		15,413,692			467,050		66,312			16,912		(967,923	)		13,489,966
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Foreign Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—			—
Net Income (Loss)	$	(1,769,926	)	$	—	$	(123,554	)	$	—		$	387,403		$	—	$	15,413,692		$	467,050	$	66,312		$	16,912	$	(967,923	)	$	13,489,966

Consolidated Freightways Corporation – Debtors

Consolidating Income Statements

For the Month Ended March 31, 2003

(Unaudited)

	Consolidated Freightways Corporation of Delaware			Consolidated Freightways Corporation		CF AirFreight Corporation			Leland James Service Corporation			Redwood Systems Inc.			CF MovesU Inc.		CFCD 2002 LLC			CFCD 2002 Member LLC		CFCD 2002A LLC			CFCD 2002A Member LLC		Eliminations			Total
Revenue—Customers	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—		$	—
Revenue—Affiliates		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Total Revenue		—			—		—			—			—			—		954,244			—		316,000			—		(1,270,244	)		—
Operating Expenses		1,851,738			—		13,996			54			49,873			—		7,274			—		—			—		—			1,922,935
Salaries, Wages, and Benefits		1,412,073			—		23,433			7,488			—			—		—			—		—			—		—			1,442,994
Purchased Transportation		(118,740	)		—		996			—			—			—		—			—		—			—		—			(117,744	)
Operating Taxes and Licensing		455,134			—		—			—			(5,065	)		—		(18,573	)		—		—			—		—			431,496
Claims and Insurance		98,631			—		15,847			—			—			—		36,857			—		9,313			—		—			160,648
Rents		1,400,399			—		713			—			27,033			—		—			—		—			—		(1,270,244	)		157,901
Depreciation		328,798			—		8,688			1,242			511			—		—			—		—			—		—			339,239
Amortization		154,145			—		—			875,119			4,976			—		—			—		—			—		—			1,034,240
Other G&A Expense		3,599,783			—		51,877			(883,903	)		17,507			—		—			—		—			—		—			2,785,264
(Gain)/Loss on Sales of Assets		(5,768,410	)		—		70,975			—			49,497			—		(13,977,903	)		—		—			—		—			(19,625,841	)
Total Operating Expenses		3,413,551			—		186,525			—			144,332			—		(13,952,345	)		—		9,313			—		(1,270,244	)		(11,468,868	)
Operating Income (Loss)		(3,413,551	)		—		(186,525	)		—			(144,332	)		—		14,906,589			—		306,687			—		—			11,468,868
Other Interest Expense		(200,955	)		—		—			—			—			—		(200,296	)		—		(171,588	)		—		—			(572,839	)
Interest Expense		(200,955	)		—		—			—			—			—		(200,296	)		—		(171,588	)		—		—			(572,839	)
Temporary Investment Interest		26			—		—			—			—			—		3,553			—		—			—		—			3,579
Affiliate Interest Income		—			—		—			—			44,239			—		—			—		—			—		—			44,239
Other Interest Income		1,372			—		—			—			—			—		—			—		—			—		—			1,372
Interest Income		1,398			—		—			—			44,239			—		3,553			—		—			—		—			49,190
Debt Expense		(310,937	)		—		—			—			—			—		(709,215	)		—		(85,392	)		—		—			(1,105,544	)
Other Miscellaneous, Net		(136,322	)		—		(905	)		—			—			—		—			—		—			—		—			(137,227	)
Income (Loss) Before Taxes		(4,060,367	)		—		(187,430	)		—			(100,093	)		—		14,000,631			—		49,707			—		—			9,702,448
Federal Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
State Income Tax Current		—			—		—			—			—			—		—			—		—			—		—			—
Income Taxes		—			—		—			—			—			—		—			—		—			—		—			—
Net Income (Loss)	$	(4,060,367	)	$	—	$	(187,430	)	$	—		$	(100,093	)	$	—	$	14,000,631		$	—	$	49,707		$	—	$	—		$	9,702,448