In re  SFA, Inc			Case No. 02-50562
	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF JANUARY, 2004
	REVENUE
	Gross Income		$                          -
	Less Cost of Goods Sold		$                          -
	Materials	$                          -
	Direct Labor	$                          -
	Overhead	$                          -
	Gross Profit		$                          -
	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$                          -
	Other Employee Salaries	$                          -
	Advertising and Marketing	$                          -
	Insurance	$                          -
	Payroll Taxes	$                          -
	Lease and Rent	$               1,051.45
	Telephone and Utlities	$                          -
	Attorney and other Professional Fees	$               1,300.00
	UST Quarterly Fees	$                  250.00
	Other Expenses	$               1,268.73
	Total Operating Expenses		$               3,870.18
	Net Income (Loss)		$             (3,870.18)
	CURRENT ASSETS
	Accounts Receivable at end of month		$            103,611.71
	Increase (Decrease) in AR for month		$                 (789.55)
	Inventory at end of month		$                1,169.56
	Increase (Decrease) in Inventory for month		$                           -
	Cash at end of the month		$              45,769.93
	Increase (Decrease) in Cash for month		$                   939.00
	LIABILITIES
	Increase (Decrease) in post-petition debt		$                   (43.29)
	Increase (Decrease) in pre-petition debt		$              (4,743.15)
	Taxes Payable:
	Federal Payroll Taxes	$                        -
	State Payroll Taxes	$                        -
	Local Payroll Taxes	$                        -
	State Sales Taxes	$                        -
	Real Estate and Personal	$                        -
	Property Taxes	$                        -
	Other (footnote)	$          (67,451.19)
	Total Taxes Payable		$            (67,451.19)
	Footnote:
	Accrued Advalorem Taxes	(733.26)
	Tonnage Tax	0.00
	Pre Income Tax Payable	0.00
	Pre Tonage Tax	0.00
	Pre Federal Gas Tax Payable	0.00
	Pre Accrued Advalorem Taxes	(66,717.93)
		(67,451.19)