Axis Technologies Group, Inc. (AXTG)

Axis Technologies Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
Cash & Equivalents	0.01	0.01	0.01	0.2
Cash & Short-Term Investments	0.01	0.01	0.01	0.2
Cash Growth	-5.88%	-15.99%	-92.60%	-
Receivables	0.03	0.15	0.04	0.01
Inventory	0.23	0.34	0.33	0.27
Prepaid Expenses	0	0	0	0.04
Other Current Assets	0.09	0.06	0.07	0.03
Total Current Assets	0.36	0.56	0.46	0.55
Property, Plant & Equipment	0	0.01	0.01	0.01
Other Intangible Assets	0.01	0.01	0.02	0.02
Long-Term Deferred Charges	0.03	0.18	-	-
Total Assets	0.41	0.76	0.48	0.57
Accounts Payable	0.16	0.15	0.05	0.02
Accrued Expenses	0.81	0.58	0.51	0.44
Short-Term Debt	1.85	0.6	0.2	0.25
Total Current Liabilities	2.82	1.32	0.76	0.71
Total Liabilities	2.82	1.32	0.76	0.71
Common Stock	0.06	0.06	0.06	0.06
Additional Paid-In Capital	3.62	3.2	1.91	1.27
Retained Earnings	-6.16	-3.89	-2.25	-1.47
Comprehensive Income & Other	0.07	0.07	-	-
Shareholders' Equity	-2.41	-0.56	-0.28	-0.14
Total Liabilities & Equity	0.41	0.76	0.48	0.57
Total Debt	1.85	0.6	0.2	0.25
Net Cash (Debt)	-1.84	-0.59	-0.18	-0.05
Net Cash Per Share	-0.03	-0.01	-0.00	-0.00
Filing Date Shares Outstanding	74.98	62.27	62.04	61.03
Total Common Shares Outstanding	64.45	62.27	62.04	61.03
Working Capital	-2.46	-0.76	-0.3	-0.16
Book Value Per Share	-0.04	-0.01	-0.00	-0.00
Tangible Book Value	-2.42	-0.58	-0.29	-0.15
Tangible Book Value Per Share	-0.04	-0.01	-0.00	-0.00

Source: S&P Global Market Intelligence. Standard template. Financial Sources.