Axis Technologies Group, Inc. (AXTG)

Axis Technologies Group Cash Flow Statement

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
Net Income	-2.27	-1.64	-0.78	-0.44
Depreciation & Amortization	0	0	0	0
Other Amortization	0.21	0.2	-	-
Stock-Based Compensation	0.06	0.03	-	-
Other Operating Activities	1.14	0.54	-	-
Change in Accounts Receivable	0.08	-0.11	-0.03	0.03
Change in Inventory	0.08	0.01	-0.1	-0.07
Change in Accounts Payable	0.02	0.1	0.02	0.01
Change in Other Net Operating Assets	0.42	0.06	0.11	-0.06
Operating Cash Flow	-0.26	-0.82	-0.76	-0.52
Capital Expenditures	-0	-0	-0	-0.01
Investing Cash Flow	-0	-0	-0	-0.01
Short-Term Debt Issued	0.3	1.39	-	-
Total Debt Issued	0.3	1.39	-	-
Short-Term Debt Repaid	-0.04	-0.2	-0.05	-0.31
Total Debt Repaid	-0.04	-0.2	-0.05	-0.31
Net Debt Issued (Repaid)	0.26	1.19	-0.05	-0.31
Issuance of Common Stock	-	-	0.71	1.08
Other Financing Activities	-	-0.37	-0.07	-0.06
Financing Cash Flow	0.26	0.82	0.58	0.71
Net Cash Flow	-0	-0	-0.18	0.18
Free Cash Flow	-0.26	-0.82	-0.76	-0.53
Free Cash Flow Margin	-60.08%	-119.69%	-471.22%	-335.25%
Free Cash Flow Per Share	-0.00	-0.01	-0.01	-0.01
Cash Interest Paid	0.08	0.07	0.02	0.11
Levered Free Cash Flow	-0.7	-0.75	-0.48	-
Unlevered Free Cash Flow	0.07	-0.42	-0.46	-
Change in Net Working Capital	-0.44	-0.05	-0.01	-

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