CVF Technologies Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Sep '08 Sep 30, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Net Income	-3.34	-2.09	-1.85	5.3	-1.86	-2.29
Depreciation & Amortization	0	0	0	0.01	0.29	0.44
Loss (Gain) From Sale of Assets	-	-	-	-	-0.74	-0.01
Asset Writedown & Restructuring Costs	-	-	-	1.2	-	-
Loss (Gain) From Sale of Investments	1.89	-	-	-	-	-
Loss (Gain) on Equity Investments	0.1	0.58	0.19	-0.09	-0.18	-
Stock-Based Compensation	0.16	-	0.16	-0.01	0.66	0.5
Other Operating Activities	-0.15	0.02	-0.41	-0.16	1.42	-0.46
Change in Accounts Receivable	0.06	0.29	-0.39	0.13	-0.02	-1.23
Change in Inventory	0.03	-0.06	-0.05	0.05	0.03	-0.08
Change in Accounts Payable	0.03	-0.47	0.06	-0.97	-0.48	1.53
Change in Income Taxes	-	-	-	-	-0.13	0.04
Change in Other Net Operating Assets	0.1	0.11	-0.03	-0	-0	-
Operating Cash Flow	-1.61	-1.69	-2.41	6.22	-1.14	-1.73
Capital Expenditures	-	-	-	-	-	-0.03
Investment in Securities	0.28	0.02	-0.06	0.27	0.32	0.05
Investing Cash Flow	0.28	0.02	-0.06	0.27	0.32	0.02
Long-Term Debt Issued	-	-	-	0.24	0.09	1.48
Total Debt Issued	0.1	-	-	0.24	0.09	1.48
Long-Term Debt Repaid	-	-	-0.03	-	-	-
Total Debt Repaid	-	-	-0.03	-	-	-
Net Debt Issued (Repaid)	0.1	-	-0.03	0.24	0.09	1.48
Issuance of Common Stock	0.04	-	-	0.02	0.96	-
Repurchase of Common Stock	-	-	-0.46	-	-0.07	-
Other Financing Activities	-	-	-	-0.21	-	-
Financing Cash Flow	0.14	-	-1.65	0.05	0.98	1.48
Foreign Exchange Rate Adjustments	0.12	0.07	-0.06	-0.14	-0.27	0.23
Net Cash Flow	-1.07	-1.6	-4.19	6.41	-0.11	0.01
Free Cash Flow	-1.61	-1.69	-2.41	6.22	-1.14	-1.76
Free Cash Flow Margin	-168.31%	-85.50%	-159.65%	1361.83%	-14.34%	-20.18%
Free Cash Flow Per Share	-0.12	-0.13	-0.19	0.43	-0.09	-0.16
Cash Interest Paid	0	0	0	0.08	0.17	0.04
Cash Income Tax Paid	0	0	0.01	0.08	0.03	0
Levered Free Cash Flow	-0.01	0.11	0.09	-4.94	-0.29	-0.38
Unlevered Free Cash Flow	0.03	0.11	0.09	-4.94	-0.02	-0.22
Change in Working Capital	0.21	-0.13	-0.41	-0.95	-0.73	0.27

Updated Nov 28, 2008. Source: S&P Global Market Intelligence. Standard template. Financial Sources.