Ex.10.84
 DYNAMIC FUELS, LLC
(A Development Stage Company)
 FINANCIAL STATEMENTS
 YEAR ENDED SEPTEMBER 30, 2008 and for the
PERIOD JUNE 22, 2007 (DATE OF INCEPTION)
THROUGH SEPTEMBER 30, 2008
 WITH
 INDEPENDENT AUDITORS REPORT




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Independent Auditors Report
    
    
    1Balance Sheet
    
    
    2Statements of Operations
    
    
    3Statements of Members Equity
    
    
    4Statements of Cash Flows
    
    
    5Notes to Financial Statements
    
    
    6




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AssetsCurrent assets:Cash
    
    $
    25,489,560Accounts receivable
    
    
    16,523Other current assets
    
    
    3,300,000Prepaid expenses
    
    
    368,115Total current assets
    
    
    29,174,198Property, plant and equipment, net
    
    
    6,954,612Other
    
    
    274,240Total assets
    
    $
    36,403,050Liabilities and Members EquityCurrent liabilities:Accounts payable
    
    $
    1,130,446Due to related parties
    
    
    300,892Total current liabilities
    
    
    1,431,338Members equity:Syntroleum Corporation capital contributions
    
    
    18,250,000Tyson Foods, Inc. capital contributions
    
    
    18,250,000Deficit accumulated during the development stage
    
    
    (1,528,288
    )Total members equity
    
    
    34,971,712Total liabilities and members equity
    
    $
    36,403,050
   2




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Period fromJune 22, 2007,Date ofYear ended
    
    
    Inception, toSeptember 30,
    
    
    September 30,2008
    
    
    2008Expenses:General and administrative
    
    $
    1,470,059
    
    
    $
    1,782,162Depreciation
    
    
    431
    
    
    
    431Total expenses
    
    
    1,470,490
    
    
    
    1,782,593Loss from operations
    
    
    (1,470,490
    )
    
    
    (1,782,593
    )Interest income
    
    
    176,936
    
    
    
    254,305Net loss
    
    $
    (1,293,554
    )
    
    $
    (1,528,288
    )Allocation of net loss to members:Syntroleum Corporation
    
    $
    (646,777
    )
    
    $
    (764,144
    )Tyson Foods, Inc.
    
    
    (646,777
    )
    
    
    (764,144
    )$
    (1,293,554
    )
    
    $
    (1,528,288
    )
   3




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DeficitAccumulatedCapital Contributions
    
    
    During theSyntroleum
    
    
    Tyson
    
    
    DevelopmentCorporation
    
    
    Foods, Inc.
    
    
    Stage
    
    
    TotalBalance, June 22, 2007 (date of inception)
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Cash contributions
    
    
    4,250,000
    
    
    
    4,250,000
    
    
    
    
    
    
    
    8,500,000Net loss
    
    
    
    
    
    
    
    
    
    
    (234,734
    )
    
    
    (234,734
    )Balance, September 30, 2007
    
    
    4,250,000
    
    
    
    4,250,000
    
    
    
    (234,734
    )
    
    
    8,265,266Cash contributions
    
    
    14,000,000
    
    
    
    14,000,000
    
    
    
    
    
    
    
    28,000,000Net loss
    
    
    
    
    
    
    
    
    
    
    (1,293,554
    )
    
    
    (1,293,554
    )Balance, September 30, 2008
    
    $
    18,250,000
    
    
    $
    18,250,000
    
    
    $
    (1,528,288
    )
    
    $
    34,971,712
   4




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Period fromJune 22, 2007,Date ofYear ended
    
    
    Inception, toSeptember 30,
    
    
    September 30,2008
    
    
    2008Cash Flows from Operating ActivitiesNet loss
    
    $
    (1,293,554
    )
    
    $
    (1,528,288
    )Adjustments to reconcile net loss to net cash used in operating activities:Depreciation
    
    
    431
    
    
    
    431Changes in:Accounts receivable
    
    
    (16,523
    )
    
    
    (16,523
    )Other current assets
    
    
    (3,300,000
    )
    
    
    (3,300,000
    )Prepaid expenses
    
    
    (642,355
    )
    
    
    (642,355
    )Accounts payable
    
    
    17,709
    
    
    
    1,130,446Due to related parties
    
    
    (90,338
    )
    
    
    300,892Net cash used in operating activities
    
    
    (5,324,630
    )
    
    
    (4,055,397
    )Cash Flows from Investing ActivitiesPayments for the purchase of property, plant and equipment
    
    
    (5,447,302
    )
    
    
    (6,955,043
    )Net cash used in investing activities
    
    
    (5,447,302
    )
    
    
    (6,955,043
    )Cash Flows from Financing ActivitiesProceeds from capital contributions
    
    
    28,000,000
    
    
    
    36,500,000Net cash provided by financing activities
    
    
    28,000,000
    
    
    
    36,500,000Net change in cash
    
    
    17,228,068
    
    
    
    25,489,560Cash, beginning of year
    
    
    8,261,492
    
    
    
    Cash, end of year
    
    $
    25,489,560
    
    
    $
    25,489,560
   5




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Note
1  Summary of Significant Accounting Policies
 Nature of operations
   Cash
  Other current assets
  Property, plant and equipment
   6




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Income taxes
  Use of estimates
  Note 2  Related Party Transactions
  Note 3  Property, Plant and Equipment
  Plant construction in progress
    
    $
    6,941,781Furniture and automobile
    
    
    13,2626,955,043Accumulated depreciation
    
    
    431Property, plant and equipment, net
    
    $
    6,954,612
  Note 4  Commitments and Contingencies
   7




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Note 5  Members Equity
   Note 6  Subsequent Events
    8